Ingram Micro 2011 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2011 Ingram Micro 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 102

  • 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

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Common Stock. Our Common Stock is traded on the New York Stock Exchange under the symbol IM.
The following table sets forth the high and low price per share, based on closing price, of our Common Stock for
the periods indicated.
HIGH LOW
Fiscal Year 2011 First Quarter $21.03 $18.92
Second Quarter 21.50 17.00
Third Quarter 18.55 15.78
Fourth Quarter 19.10 15.75
Fiscal Year 2010 First Quarter $18.76 $16.90
Second Quarter 18.69 15.12
Third Quarter 17.08 14.87
Fourth Quarter 19.25 16.85
As of December 31, 2011 there were 516 holders of record of our Common Stock. Because many of such
shares are held by brokers and other institutions, on behalf of shareowners, we are unable to estimate the total
number of shareowners represented by these record holders.
Dividend Policy. We have neither declared nor paid any dividends on our Common Stock in the
preceding two fiscal years. We currently intend to retain future earnings to fund ongoing operations and finance
the growth and development of our business. Any future decision to declare or pay dividends will be at the
discretion of the Board of Directors and will be dependent upon our financial condition, results of operations,
capital requirements, and such other factors as the Board of Directors deems relevant. In addition, certain of our
debt facilities contain restrictions on the declaration and payment of dividends.
Equity Compensation Plan Information. The following table provides information, as of December 31,
2011, with respect to equity compensation plans under which equity securities of our company are authorized for
issuance, aggregated as follows: (i) all compensation plans previously approved by our shareholders and (ii) all
compensation plans not previously approved by our shareholders.
Plan Category
(a) Number of securities
(in thousands) to be
issued upon exercise of
outstanding options,
warrants and rights(1)
(b) Weighted-average
exercise price of
outstanding options,
warrants and
rights(1)
(c) Number of securities
(in thousands)
remaining available for
equity compensation plans
(excluding securities
reflected in column (a))(2)
Equity compensation plans approved by
shareholders ....................... 8,016 $16.72 15,276
Equity compensation plans not approved by
shareholders ....................... None None None
TOTAL ............................ 8,016 $16.72 15,276
(1) Does not reflect any unvested award of time-vested restricted stock units/award of 2,794 and performance-
vested restricted stock units of 2,039 at 100% target and 3,704 at maximum achievement.
(2) Balance reflects shares available to issue, taking into account granted options, time-vested restricted stock
units/awards and performance-vested restricted stock units assuming maximum achievement.
23