El Pollo Loco 2016 Annual Report Download - page 32
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PART II
ITEM 5. MARKET FOR R EGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Market Information
OurcommonstockhasbeenlistedontheNASDAQunderthesymbol“LOCO”sinceJuly25,2014.Priortothatdate,therewasnoestablishedpublictrading
marketforourcommonstock.
Thefollowingtablesetsforth,fortheperiodsindicated,thehighandlowintradaysalepricesforourcommonstockontheNASDAQ,asreportedbythe
NASDAQ.Suchquotationsrepresentinterdealerpriceswithoutretailmarkup,markdown,orcommission,andmaynotnecessarilyrepresentactualtransactions.
Low High
Fiscal 2014:
ThirdQuarter(July25,2014—September24,2014) $ 18.48 $ 41.70
FourthQuarter(September25,2014—December31,2014) $ 19.85 $ 38.78
Fiscal 2015:
FirstQuarter(January1,2015-April1,2015) $ 19.98 $ 28.09
SecondQuarter(April2,2015-July1,2015) $ 20.30 $ 29.20
ThirdQuarter(July2,2015-September30,2015) $ 10.25 $ 20.84
FourthQuarter(October1,2015—December30,2015) $ 9.58 $ 13.33
AsofFebruary29,2016,theclosingpricepershareofourcommonstockontheNASDAQwas$12.91.
AsofFebruary29,2016,therewereapproximately4holdersofrecordofourcommonstock.Thenumberofholdersofrecordisbasedupontheactualnumberof
holdersregisteredatsuchdateanddoesnotincludeholdersofsharesin“streetname”orpersons,partnerships,associates,corporations,orotherentitiesinsecurity
positionlistingsmaintainedbydepositories.Asofthesamedate,therewereapproximately33,271registeredandbeneficialaccounts.
Dividend Policy
Wedonotexpecttopaydividendsintheforeseeablefuturebecauseweintendtousecashflowgeneratedbyoperationstogrowourbusiness.Anyfuture
determinationotherwisewillbeatthediscretionofourboardofdirectorsanddependuponourfinancialcondition,resultsofoperations,capitalrequirements,and
otherfactors.Inaddition,the2014Revolver(definedbelow)restrictsourabilitytopaydividends.SeeItem7,“Management’sDiscussionandAnalysisof
FinancialConditionandResultsofOperationsLiquidityandCapitalResourcesDebtandOtherObligations-NewCreditAgreement,“Item1A,“RiskFactors—
RisksRelatedtoOwnershipofOurCommonStock.”andNote1toourconsolidatedfinancialstatementsincludedelsewhereinthisreport.
Issuer Purchases of Equity Securities
InthequarterlyperiodendedDecember30,2015,neitherwenoranyaffiliatedpurchasermadeorhadmadeonouroritsbehalfanypurchasesofequitysecurities,
includingforexercisepriceandtaxwithholdingsrelatedtoawardsunderourcompensationplans.
Recent Sales of Unregistered Securities
None.
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