Petsmart 2000 Annual Report Download - page 14

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Possible Volatility of Stock Price; Absence of Dividends. Since the initial public offering of the
Company’ s Common Stock, the market price of the Common Stock has been subject to significant fluctuation.
The market price of the Common Stock may continue to be subject to significant fluctuations in response to
operating results and other factors. In addition, the stock market in recent years has experienced price and
volume fluctuations that often have been unrelated or disproportionate to the operating performance of
companies. These fluctuations, as well as general economic and market conditions, may adversely affect the
market price of the Common Stock.
PETsMART has never paid any cash dividends on its Common Stock. The Company currently intends to
retain earnings for use in its business and therefore does not anticipate paying cash dividends in the foreseeable
future. In addition, under the terms of the C ompany’ s credit facilities with their lenders, the C ompany is
prohibited from paying any cash dividends without prior bank approval.
12
M anage me nt
The executive officers of the Company and their ages and positions at April 5, 2000, are as follows:
Name Age Position
Philip L. Francis 53 Chairman, Pres ident and Chief Executive Officer
Robert F. Moran 49 President, North American Stores
Neil T. Watanabe 46 Executive Vice President, Chief Financial Officer
Kenneth A. Banks 54 Senior Vice President, Marketing, Branding & Advertising
Carol M. Cox 57 Senior Vice President, Human Resources
Scott A. Crozier 49 Senior Vice President and General Counsel
David L. King 47 Senior Vice President, Chief Information Officer
Marcia R. Meyer 50 President, PETsMART International Supply Company
Philip B. Murphy 51 Senior Vice President, General Manager of PETsMART
Services
Neil H. Stacey 46 Senior Vice President, Consumables Merchandising
Timothy Troy 53 Senior Vice President, Logistics and Distribution
Anthony N. Truesdale 38 Senior Vice President, Hardgoods & Specialty
Merchandising and International Sourcing
James T. Walsh 50 Senior Vice President, Store Operations
Anthony J. Leonardi 53 President, PETsMART Direct
Philip L. Francis joined PETsMART in March 1998, as President and C hief Executive O fficer. In
September 1999, Mr. Francis was elected Chairman of the Board, President and Chief Executive Officer.
Mr. Francis has been a member of the Board of Directors of PETsMART since 1989. Prior to joining
PETsMART, Mr. Francis was President and Chief Executive Officer of Shaw’ s Supermarkets, Inc., a subsidiary
of J. Sainsbury plc, where he had joined as Chief Operating Officer in 1991.
Robert F. Moran joined PETsMART in July 1999, as the President, North American Stores. In his new
position, Mr. Moran is responsible for the leadership of PETsMART’ s United States and Canadian stores.
Mr. Moran joined PETsMART from Toys R Us, Ltd., Canada, where he was President since August 1998.
Prior to joining Toys R Us, he was with Sears, Roebuck and Company for 20 years in a variety of financial and
9/16/2010 www.sec.gov/Archives/edgar/data/86…
sec.gov/…/0000950153-00-000575-d1.… 14/70