Harris Teeter 2010 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2010 Harris Teeter annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

PRINCIPAL SHAREHOLDERS
The following table sets forth information concerning the “beneficial ownership” of Common Stock by those
persons known to the Company to be the beneficial owners of more than five percent of the Common Stock. The
information provided for Neuberger Berman Group LLC, Southeastern Asset Management, Inc., BlackRock, Inc.,
River Road Asset Management, LLC and NFJ Investment Group LLC is based solely on the latest Schedule 13G
reports each entity had filed with the Securities and Exchange Commission (the “SEC”) as of October 31, 2010.
For all other persons the information is provided as of October 31, 2010. The nature of beneficial ownership of
the shares included is presented in the notes following the table.
Name and Address of Beneficial Owner Number of Shares
Beneficially Owned (1) Percent
of Class
T. Rowe Price Trust Company (2) .............................
Trustee of the Ruddick Retirement and Savings Plan
Post Office Box 89000
Baltimore, Maryland 21289
4,472,838 9.15%
Neuberger Berman Group LLC (3) ............................
605 Third Avenue
New York, NY 10158
4,837,338 9.89%
Southeastern Asset Management, Inc. (4) .......................
6410 Poplar Avenue, Suite 900
Memphis, Tennessee 38119
3,156,538 6.45%
BlackRock, Inc. (5) .........................................
40 East 52nd Street
New York, NY 10022
2,880,273 5.89%
River Road Asset Management, LLC (6) ........................
462 S. 4th Street, Suite 1600
Louisville, KY 40202
2,593,658 5.30%
NFJ Investment Group LLC (7) ...............................
2100 Ross Avenue, Suite 700
Dallas, TX 75201
2,583,300 5.28%
(1) “Beneficial Ownership” for purposes of the table, is determined according to the meaning of applicable
securities regulations and based on a review of reports filed with the SEC pursuant to Section 13(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”).
(2) T. Rowe Price Trust Company, in its capacity as directed trustee, votes Common Stock held by the Ruddick
Retirement and Savings Plan (the “RRSP”) that have been allocated to individual accounts in accordance with
the participants’ instructions and does not vote allocated Common Stock as to which no instructions are
received. Fiduciary Counselors Inc. (“FC”) was engaged as an independent fiduciary with respect to the
Common Stock held by the RRSP in order to, among other things, monitor the Company’s financial condition
to determine, in FC’s sole discretion, whether holding Common Stock by the RRSP is no longer consistent
with the Employee Retirement Income Security Act of 1974, as amended, and if it were to become no longer
consistent, to determine when and in what manner to liquidate the shares. As such, FC filed a Schedule 13G
with the SEC on February 16, 2010 claiming shared dispositive power over the shares held by the RRSP.
(3) Neuberger Berman Group LLC (“NBG”) reported in its Schedule 13G/A filed with the SEC on February 17,
2010 that it had beneficial ownership of 4,837,338 shares, together with its affiliates Neuberger Berman LLC,
Neuberger Berman Management LLC and Neuberger Berman Equity Funds. Neuberger Berman Group LLC
had shared power to vote over 4,038,546 shares and shared power to dispose over 4,837,338 shares. Neuberger
Berman LLC, a subsidiary of NBG, had shared power to vote over 4,038,546 shares and shared power to
dispose over 4,837,338 shares. Neuberger Berman Management LLC, a subsidiary of NBG, had shared power
to vote and shared power to dispose over 4,009,002 shares. Neuberger Berman Equity Funds had shared power
to vote and shared power to dispose over 3,987,202 shares.
3