Cabela's 2012 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2012 Cabela's 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 135

  • 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
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135

27
PART I I
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Price Range of Common Stock
Our common stock began trading on June 25, 2004, on the New York Stock Exchange under the symbol
“CAB”. Prior to that date, there was no public market for our common stock. As of February 11, 2013, there were
862 holders of record of our 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 fiscal quarters indicated, the high and low sales prices per share of our
common stock as reported on the New York Stock Exchange:
2012 2011
High Low High Low
First Quarter $ 39.80 $ 23.65 $ 31.19 $ 21.59
Second Quarter 41.61 33.10 28.91 22.26
Third Quarter 55.65 37.06 28.70 19.95
Fourth Quarter 56.78 38.44 26.73 19.66
Issuer Purchases of Equity Securities
On August 23, 2011, our Board of Directors authorized a share repurchase program that provides for share
repurchases on an ongoing basis to offset dilution resulting from equity awards under our current or future equity
compensation plans. These shares are to be repurchased from time to time in open market transactions or privately
negotiated transactions at our discretion, subject to market conditions, customary blackout periods, and other
factors. As a result, we announced on February 16, 2012, that we would repurchase up to 800,000 shares of our
common stock in open market transactions through February 2013. This repurchase plan for 800,000 shares was
completed in the second quarter of 2012. We did not engage in any stock repurchase activity in any of the three
fiscal months in the fourth fiscal quarter ended December 29, 2012.
We announced on February 14, 2013, that we intend to repurchase up to 750,000 shares of our outstanding
common stock in open market transactions through February 2014 pursuant to this share repurchase program. The
share repurchase program does not obligate us to repurchase any outstanding shares of our common stock, and the
program may be limited or terminated at any time.