Dollar General 2009 Annual Report Download - page 34

Safeway distribution centers to all retail outlets, inbound traffic and transportation. He also held
distribution and logistics leadership positions at Vons—a Safeway company, Specialized Distribution
Management Inc., and Crum & Crum Logistics.
Ms. Lanigan joined Dollar General in July 2002 as Vice President, General Counsel and Corporate
Secretary. She was promoted to Senior Vice President in October 2003 and to Executive Vice President
in March 2005. Prior to joining Dollar General, Ms. Lanigan served as Senior Vice President, General
Counsel and Secretary at Zale Corporation, a specialty retailer of fine jewelry. During her six years
with Zale, Ms. Lanigan held various positions, including Associate General Counsel. Prior to that, she
held legal positions with both Turner Broadcasting System, Inc. and the law firm of Troutman
Sanders LLP.
Mr. Ravener joined Dollar General as Senior Vice President and Chief People Officer in August
2008. He was promoted to Executive Vice President in March 2010. Prior to joining Dollar General, he
served in human resources executive roles with Starbucks Coffee Company from September 2005 until
August 2008 as the Senior Vice President of U.S. Partner Resources and, prior to that, as the Vice
President, Partner Resources—Eastern Division. As the Senior Vice President of U.S. Partner
Resources at Starbucks, Mr. Ravener oversaw all aspects of human resources activity for more than
10,000 stores. Prior to serving at Starbucks, Mr. Ravener held Vice President of Human Resources
roles for The Home Depot’s Store Support Center and a domestic field division from April 2003 to
September 2005. Mr. Ravener also served in executive roles in both human resources and operations at
Footstar, Inc. and roles of increasing leadership at PepsiCo.
Ms. Elliott joined Dollar General as Senior Vice President and Controller in August 2005. Prior to
joining Dollar General, she served as Vice President and Controller of Big Lots, Inc., a closeout
retailer, from May 2001 to August 2005. Overseeing a staff of 140 employees at Big Lots, she was
responsible for accounting operations, financial reporting and internal audit. Prior to serving at Big
Lots, she served as Vice President and Controller for Jitney-Jungle Stores of America, Inc., a grocery
retailer, from April 1998 to March 2001. At Jitney-Jungle, Ms. Elliott was responsible for the
accounting operations and the internal and external financial reporting functions. Prior to serving at
Jitney-Jungle, she practiced public accounting for 12 years, 6 of which were with Ernst & Young LLP.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is traded on the New York Stock Exchange under the symbol ‘‘DG.’’ Prior to
the initial public offering of our common stock (‘‘IPO’’) on November 13, 2009, there was no
established public trading market for our common stock after our merger that occurred on July 6, 2007.
The range of the high and low sales prices of our common stock during our fourth quarter of fiscal
2009, as reported in the consolidated transaction reporting system, were $24.90 (high) and $21.75 (low).
Our stock price at the close of the market on March 22, 2010, was $25.01. There were approximately
466 shareholders of record of our common stock as of March 22, 2010.
Dividends
We have not declared or paid recurring dividends since prior to our 2007 merger. However, prior
to our IPO, on September 8, 2009, our Board of Directors declared a special dividend on our
outstanding common stock of approximately $239.3 million in the aggregate. The special dividend was
paid on September 11, 2009 to shareholders of record on September 8, 2009 with cash generated from
operations. We have no current plans to pay any cash dividends on our common stock and instead may
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