Dick's Sporting Goods 2011 Annual Report Download - page 49

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ITEM 3. LEGAL PROCEEDINGS
As previously disclosed in the Company’s filings, on January 28, 2011, the Company and attorneys for a
group of plaintiffs filed a settlement agreement in the United States District Court for the Western
District of New York to settle Tamara Barrus, et al. v Dick’s Sporting Goods, Inc. et al. (‘‘Barrus’’) and
related state law claims. Barrus, which was initially filed in May 2005, and the related state law claims
alleged failures to pay regular and overtime wages as required by the Fair Labor Standards Act and
various state laws. On July 29, 2011, the court granted final approval to the settlement and entered a
final judgment in the action. On September 28, 2011, the settlement became effective under the terms
of the settlement agreement, and on October 5, 2011, the Company transferred funds to the claims
administrator in final satisfaction of the Company’s and other defendants’ financial obligations under
the settlement agreement. The Company does not have any remaining material obligations pursuant to
the settlement agreement.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION AND DIVIDEND POLICY
The shares of Dick’s Sporting Goods, Inc. common stock are listed and traded on the New York Stock
Exchange (‘‘NYSE’’) under the symbol ‘‘DKS’’. The Company also has shares of Class B common stock
outstanding, which are not listed or traded on any stock exchange or other market. Shares of our
Class B common stock can be converted on a one-for-one basis to shares of our common stock at any
time at the holder’s option and are automatically converted upon other events. Our common stock
began trading on October 16, 2002, following the Company’s initial public offering. Set forth below, for
the applicable periods indicated, are the high and low closing sales prices per share of the Company’s
common stock as reported by the NYSE.
Fiscal Quarter Ended High Low
April 30, 2011 $42.04 $35.94
July 30, 2011 $42.58 $35.67
October 29, 2011 $39.79 $29.86
January 28, 2012 $42.21 $34.64
Fiscal Quarter Ended High Low
May 1, 2010 $30.78 $22.46
July 31, 2010 $29.72 $24.39
October 30, 2010 $29.48 $24.47
January 29, 2011 $37.81 $28.99
The number of holders of record of shares of the Company’s common stock and Class B common stock
as of March 5, 2012 was 283 and 22, respectively.
On November 14, 2011, our Board of Directors (the ‘‘Board’’) approved and declared our first ever
cash dividend. The $0.50 per share annual dividend was paid on December 28, 2011 to all stockholders
of record as of the close of business on December 7, 2011. The Company currently intends to make
quarterly cash dividend payments in the future and on February 13, 2012, the Board declared the first
quarterly cash dividend for fiscal 2012 of $0.125 per share payable on March 30, 2012 to all
stockholders of record on March 2, 2012. The declaration of future dividends and the establishment of
Dick’s Sporting Goods, Inc. 2011 Annual Report 27