Cabela's 2005 Annual Report Download - page 40

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ITEM 3. LEGAL PROCEEDINGS
We are party to certain lawsuits in the ordinary course of our business. The subject matter of these
proceedings primarily include commercial disputes, employment issues and product liability lawsuits, including
the product liability lawsuits regarding tree stands described on page 23. We also are a party to the lawsuit
regarding our use tax collection policy described on page 20. We do not believe that the ultimate dispositions of
these proceedings, individually or in the aggregate, will have a material adverse effect on our consolidated
financial position, results of operations or liquidity.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the fourth quarter of fiscal 2005.
PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Price Range of Common Stock
We have common stock and non-voting common stock. Our common stock began trading on June 25, 2004
on the NYSE under the symbol “CAB”. Prior to that date, there was no public market for our common stock. Our
non-voting common stock is not listed on any exchange and not traded over the counter. As of February 20,
2006, there were 979 holders of record of our common stock and 7 holders of record of our non-voting common
stock. This does not include persons who hold our common stock in nominee or “street name” accounts through
brokers or banks.
The following table sets forth, for the periods indicated, the high and low sales prices per share of our
common stock as reported on the NYSE:
Fiscal 2005 Fiscal 2004
High Low High Low
First Quarter ........................... $23.41 $20.15 N/A N/A
Second Quarter (1) ...................... $22.90 $18.56 $28.82 $25.60
Third Quarter .......................... $23.09 $18.00 $30.27 $23.25
Fourth Quarter ......................... $18.75 $15.34 $26.42 $20.96
(1) Second Quarter of 2004 begins on June 25, 2004, our first day of public trading.
Dividend Policy
We have never declared or paid any cash dividends on our common stock and do not anticipate paying any
cash dividends on our common stock in the foreseeable future. In addition, our revolving credit facility and our
senior notes restrict our ability to pay dividends to our stockholders based upon our prior year’s consolidated
EBITDA and our consolidated net worth, respectively. See “Management’s Discussion and Analysis of Financial
Condition and Results of Operations—Liquidity and Capital Resources—Credit Facilities and Other
Indebtedness.” We were in compliance with these covenants as of December 31, 2005.
Equity Compensation Plans
The information under the heading “Executive Compensation—Equity Compensation Plan Information as
of Fiscal Year-End” in our Proxy Statement relating to our 2006 Annual Meeting of Shareholders is incorporated
herein by reference.
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