E-Z-GO 2008 Annual Report Download - page 28

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Issuer Repurchases of Equity Securities
On July 18, 2007, our Board of Directors approved a new plan authorizing the repurchase of up to 24 million shares of our common stock. The
plan has no expiration date. In September 2008, we suspended all share repurchase activity. There were no shares purchased under the plan in the
fourth quarter of 2008. The maximum number of shares that may be purchased under the plan totaled 11,103,090 at January 3, 2009.
Stock Performance Graph
The following graph compares the total return on a cumulative basis of $100 invested in our common stock on December 31, 2003 with the
Standard & Poor’s (S&P) 500 Stock Index, the S&P 500 Aerospace & Defense (A&D) Index and the S&P Industrial Conglomerates (IC) Index. We
are included in both the S&P 500 and the S&P IC Indices. The values calculated assume dividend reinvestment.
In 2008, we changed our line-of-business index from a custom market-weighted peer group index to the two published S&P industry indices,
which we believe more accurately reflect our current business mix. Prior to 2008, our peer group consisted of the following 17 companies: The
Boeing Company, Crane Co., Dover Corporation, General Dynamics Corporation, Honeywell International, Inc., Illinois Tool Works Inc., ITT
Industries, Inc., Johnson Controls Inc., Lockheed Martin Corporation, Millipore Corporation, Northrop Grumman Corporation, Pall Corp., Parker
Hannifin Corp., Raytheon Company, Rockwell Automation, Inc., Tyco International LTD. and United Technologies Corporation. We have provided
our former custom market-weighted peer group index in the graph below for comparison purposes only.
15
Textron Inc.
Textron $100.00 $132.17 $140.42 $174.04 $268.76 $53.86
S&P 500 100.00 110.88 116.33 134.70 142.10 89.53
S&P 500 A&D 100.00 116.00 134.47 168.30 200.82 127.44
S&P 500 IC 100.00 119.37 114.82 124.71 130.13 63.11
Peer Group 100.00 118.89 127.04 152.45 173.30 109.95