Under Armour 2012 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2012 Under Armour 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 96

  • 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
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Under Armour’s Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the
symbol “UA”. As of January 31, 2013, there were 1,158 record holders of our Class A Common Stock and 5
record holders of Class B Convertible Common Stock which are beneficially owned by our President and Chief
Executive Officer Kevin A. Plank. The following table sets forth by quarter the high and low sale prices of our
Class A Common Stock on the NYSE during 2012 and 2011.
High Low
2012
First Quarter (January 1 – March 31) $49.68 $35.13
Second Quarter (April 1 – June 30) $53.93 $44.30
Third Quarter (July 1 – September 30) $60.96 $44.07
Fourth Quarter (October 1 – December 31) $60.20 $46.11
2011
First Quarter (January 1 – March 31) $35.35 $25.89
Second Quarter (April 1 – June 30) $40.00 $30.78
Third Quarter (July 1 – September 30) $41.48 $26.31
Fourth Quarter (October 1 – December 31) $43.70 $31.25
Stock Split
On June 11, 2012 the Board of Directors declared a two-for-one stock split of the Company’s Class A and Class
B common stock, which was effected in the form of a 100% common stock dividend distributed on July 9, 2012.
Stockholders’ equity and all references to share and per share amounts herein and in the accompanying consolidated
financial statements have been retroactively adjusted to reflect the two-for-one stock split for all periods presented.
Dividends
No cash dividends were declared or paid during 2012 or 2011 on any class of our common stock. We currently
anticipate we will retain any future earnings for use in our business. As a result, we do not anticipate paying any cash
dividends in the foreseeable future. In addition, we may be limited in our ability to pay dividends to our stockholders
under our credit facility. Refer to “Financial Position, Capital Resources and Liquidity” within Management’s
Discussion and Analysis and Note 6 to the Consolidated Financial Statements for further discussion of our credit
facility.
Stock Compensation Plans
The following table contains certain information regarding our equity compensation plans.
Plan Category
Number of
securities to be
issued upon exercise of
outstanding options,
warrants and rights
(a)
Weighted-average
exercise price of
outstanding options,
warrants and rights
(b)
Number of securities
remaining
available for future
issuance under equity
compensation plans
(excluding securities
reflected in column (a))
(c)
Equity compensation plans approved by security
holders 5,418,292 $15.31 11,701,814
Equity compensation plans not approved by
security holders 960,000 $18.50 —
23