Stein Mart 2009 Annual Report Download - page 11

Download and view the complete annual report

Please find page 11 of the 2009 Stein Mart 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 48

  • 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

PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES
OF EQUITY SECURITIES
Market Price and Related Matters
Our common stock trades on The NASDAQ Stock Market LLC (“NASDAQ”) under the trading symbol “SMRT”. On April 9, 2010,
there were 1,146 stockholders of record. The following table sets forth the high and low sales prices of our common stock per
NASDAQ for each quarter in the years ended January 30, 2010 and January 31, 2009:
2009 2008
High Low High Low
First Quarter $ 4.82 $1.00 $6.65 $4.53
Second Quarter 11.45 3.71 5.90 3.66
Third Quarter 13.75 8.94 5.21 1.50
Fourth Quarter 11.89 7.90 2.26 0.99
Dividends
We paid a quarterly dividend of $0.0625 per share from the second quarter of 2005 through the end of 2007. Dividends paid in 2006
also included a special, one-time cash dividend of $1.50 per share. In February 2008, the Board of Directors suspended the payment
of a quarterly dividend.
Issuer Purchases of Equity Securities
The following table provides information regarding repurchases of our common stock during the quarter ended January 30, 2010:
ISSUER PURCHASES OF EQUITY SECURITIES
Period
Total
number
of shares
purchased
Average
price
paid per
share
Total number of
shares purchased
as part of publicly
announced plans
or programs (1)
Maximum number of
shares that may yet be
purchased under the plans
or programs (1)
November 1, 2009 – November 28, 2009 1,781 $ 9.64 1,781 791,831
November 29, 2009 – January 2, 2010 688 10.52 688 791,143
January 3, 2010 – January 30, 2010 1,152 9.93 1,152 789,991
Total 3,621 $ 9.90 3,621 789,991
(1) Our Open Market Repurchase Program is conducted pursuant to authorizations made from time to time by our Board of
Directors. The shares reported in the table are covered by an April 17, 2007 Board authorization to repurchase 2.5 million
shares of common stock which does not have an expiration date. This quarter’s repurchases are related to taxes due on the
vesting of restricted stock awards which fall under the repurchase program.
9