Stamps.com 2005 Annual Report Download - page 20

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PART II.
Item 5. Market for the Registrant’s Common Stock and Related Stockholder Matters
Market Information
Our common stock is traded on The Nasdaq National Market under the symbol “STMP”. The following table sets forth the range of high
and low closing sales prices reported on The Nasdaq National Market for our common stock for the periods indicated (adjusted to give
retroactive effect resulting from our stock dividend and reverse stock split as discussed below):
In January 2004, the Board of Directors declared a return of capital cash dividend of $1.75 per share to stockholders of record as of the
close of business on February 9, 2004, which was paid on February 23, 2004. Based on 45,045,514 (22,522,757 shares after the 1:2 reverse
split in May 2004) common shares outstanding, less treasury stock of approximately 648,000 (324,000 shares after the 1:2 reverse split) on the
date of record, February 9, 2004, the total cash dividend was approximately $78 million.
In April 2004, following stockholder approval, the Board of Directors authorized a reverse stock split of our common stock with a ratio of
one-for-two (1:2), effective for all shares beginning on May 12, 2004.
As a result, every 2 shares of our common stock were combined into one
share. We paid cash in lieu of fractional shares.
Recent Share Prices
The following table sets forth the closing sales prices per share of our common stock on The Nasdaq National Market on (i) December 31,
2005 and (ii) February 28, 2006.
Holders
As of February 28, 2006, there were approximately 1,268 stockholders of record and approximately 23,643,274 shares of our common
stock issued and outstanding.
Dividend Policy
Future declaration and payment of dividends will be in the discretion of our Board of Directors and will be dependent upon our future
earnings, financial condition and capital requirements. The Board of Directors does not presently contemplate the payment of any dividends in
the near future.
Securities Authorized for Issuance Under Equity Compensation Plans
The information under the caption “Executive Compensation and Related Information,” appearing in the Proxy Statement, is hereby
incorporated by reference. For additional information on our stock incentive plans and activity, see Note 14 of Notes to Consolidated Financial
Statements, included in Part IV, Item 15 of this Report.
17
High
Low
Fiscal 2004
First Quarter
$
13.00
$
9.18
Second Quarter
$
14.78
$
10.19
Third Quarter
$
17.47
$
9.06
Fourth Quarter
$
16.00
$
12.93
Fiscal 2005
First Quarter
$
18.27
$
12.36
Second Quarter
$
22.54
$
15.53
Third Quarter
$
19.73
$
15.99
Fourth Quarter
$
23.98
$
15.98
Closing Price
December 31, 2005
$
22.96
February 28, 2006
$
32.21