Supercuts 2009 Annual Report Download - page 30

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Table of Contents
Comparison of 5 Year Cumulative Total Return
Assumes Initial Investment of $100
June 2009
(b) Share Repurchase Program
In May 2000, the Company's Board of Directors (BOD) approved a stock repurchase program. Originally, the program authorized up to
$50.0 million to be expended for the repurchase of the Company's stock. The BOD elected to increase this maximum to $100.0 million in August
2003, to $200.0 million on May 3, 2005, and to $300.0 million on April 26, 2007. The timing and amounts of any repurchases will depend on
many factors, including the market price of the common stock and overall market conditions. Historically, the repurchases to date have been
made primarily to eliminate the dilutive effect of shares issued in conjunction with acquisitions, restricted stock grants and stock option
exercises. All repurchased shares become authorized but unissued shares of the Company. This repurchase program has no stated expiration
date. As of June 30, 2009, 2008, and 2007, a total accumulated 6.8, 6.8, and 5.1 million shares have been repurchased for $226.5, $226.5, and
$176.5 million, respectively. As of June 30, 2009, $73.5 million remains to be spent on share repurchases under this program.
The Company did not repurchase any of its common stock through its share repurchase program during the twelve months ended June 30,
2009.
CEO and CFO Certifications
The certifications by our chief executive officer and chief financial officer required under Section 302 of the Sarbanes-Oxley Act of 2002,
have been filed as exhibits to this Annual Report on Form 10-K. Our CEO's annual certification pursuant to NYSE Corporate Governance
Standards Section 303A.12(a) that our CEO was not aware of any violation by the company of the NYSE's Corporate Governance listing
standards was submitted to the NYSE on November 4, 2008.
28
2004
2005
2006
2007
2008
2009
Regis
100.00
88.00
80.52
86.85
60.16
40.18
S & P 500
100.00
106.32
115.50
139.28
121.01
89.28
S & P 400 Midcap
100.00
114.03
128.83
152.67
141.47
101.83
Dow Jones Consumer Service Index
100.00
105.83
109.50
128.02
101.11
83.45
Peer Group
100.00
116.15
123.21
133.21
98.18
89.67