Staples 2013 Annual Report Download - page 106

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(3) On September 13, 2011, we announced that our Board of Directors approved the repurchase of up to $1.5 billion of
common stock in both open market and privately negotiated transactions. Our repurchase program has no expiration
date and may be suspended or discontinued at any time.
Other Information
For information regarding securities authorized for issuance under our equity compensation plans, please see Note K -
Equity Based Employee Benefit Plans in the Notes to the Consolidated Financial Statements contained in this Annual Report on
Form 10-K.
At March 4, 2014, we had 4,744 holders of record of our common stock.
Item 6. Selected Financial Data
The information required by this Item is attached as Appendix A.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
The information required by this Item is attached as part of Appendix B.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
The information required by this Item is attached as part of Appendix B under the caption "Quantitative and Qualitative
Disclosures about Market Risks."
Item 8. Financial Statements and Supplementary Data
The information required by this Item is attached as Appendix C.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
1. Disclosure Controls and Procedures
The Company's management, with the participation of the Company's chief executive officer and chief financial officer,
evaluated, as of February 1, 2014, the effectiveness of the Company's disclosure controls and procedures, which were designed
to be effective at the reasonable assurance level. The term "disclosure controls and procedures," as defined in Rules 13a-15(e) and
15d-15(e) under the Exchange Act, means controls and other procedures of a company that are designed to ensure that information
required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company
in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company's management,
including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required
disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only
reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit
relationship of possible controls and procedures. Based on the evaluation of the Company's disclosure controls and procedures as
of February 1, 2014, management, the chief executive officer and the chief financial officer concluded that the Company's disclosure
controls and procedures were effective at the reasonable assurance level at that date.
2. Internal Control over Financial Reporting
(a) Management's Annual Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting for
the Company. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange
Act as a process designed by, or under the supervision of, the company's principal executive and principal financial officers and
effected by the company's board of directors, management and other personnel, to provide reasonable assurance regarding the