Sysco 2015 Annual Report Download - page 99

Corporate Offices
Sysco Corporation
1390 Enclave Parkway
Houston, TX 77077-2099
281.584.1390
www.sysco.com
Annual Stockholders’ Meeting
The Houstonian Hotel
111 North Post Oak Lane
Houston, TX 77024
November 18, 2015, at 10:00 a.m.
Independent Accountants
Ernst & Young LLP
Houston, TX
Transfer Agent & Registrar
American Stock Transfer
& Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
1.888.CALLSYY (1.888.225.5799)
www.amstock.com
Investor Contact
Neil Russell
Vice President, Investor Relations
281.584.1308
Common Stock and
Dividend Information
Sysco’s common stock is traded on the New York
Stock Exchange under the symbol “SYY.” The
company has paid quarterly cash dividends on
its common stock since its founding as a public
company in 1970 and has increased the dividend
46 times in that period. The current quarterly
cash dividend is $0.30 per share.
Dividend Reinvestment Plan with
Optional Cash Purchase Feature
Sysco’s Dividend Reinvestment Plan provides
a convenient way for shareholders of record
to reinvest quarterly cash dividends in Sysco
shares automatically, with no service charge
or brokerage commissions.
The Plan also permits registered shareholders
to invest additional money to purchase shares.
In addition, certificates may be deposited directly
into a Plan account for safekeeping and may be
sold directly through the Plan for a modest fee.
Shareholders desiring information about the Dividend
Reinvestment Plan with Optional Cash Purchase Fea-
ture may obtain a brochure and enrollment form by
contacting the Transfer Agent & Registrar, American
Stock Transfer & Trust Company at 1.888.225.5799.
Forward-looking Statements
Statements made herein that look forward in time or that express management’s beliefs, expectations or
hopes are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements reflect the views of management at the time such statements are
made and are subject to a number of risks, uncertainties, estimates, and assumptions that may cause actual
results to differ materially from current expectations. These statements include our plans and expectations
related to and the benefits and expected timing of our goals and initiatives to increase profitability, manage
expenses and grow our business, and our outlook and expectations for fiscal 2016. The success of our initia-
tives and expectations regarding our operating performance are subject to the general risks associated with
our business, including the risks of interruption of supplies due to lack of long-term contracts, severe weather,
crop conditions, work stoppages, intense competition, technology disruptions, dependence on large regional
and national customers, inflation risks, the impact of fuel prices, adverse publicity, and labor issues. Risks and
uncertainties also include risks impacting the economy generally, including the risks that the current general
economic conditions will deteriorate, or consumer confidence in the economy may not improve and decreases
in consumer spending, particularly on food-away-from-home, may not reverse. Market conditions may not
improve. If sales from our locally managed customers do not grow at the same rate as sales from regional and
national customers, our gross margins may decline. Our ability to meet our long-term strategic objectives to
grow the profitability of our business depends largely on the success of our various business initiatives. There
are various risks related to these efforts, including the risk that these efforts may not provide the expected
benefits in our anticipated time frame, if at all, and may prove costlier than expected; the risk that the actual
costs of any initiatives may be greater or less than currently expected; and the risk of adverse effects to our
business, results of operations and liquidity if past and future undertakings, and the associated changes to
our business, do not prove to be cost effective or do not result in the cost savings and other benefits at the
levels that we anticipate. Our plans related to and the timing of any initiatives are subject to change at any
time based on management’s subjective evaluation of our overall business needs. If we are unable to realize
the anticipated benefits from our cost-cutting efforts, we could become cost disadvantaged in the market-
place, and our competitiveness and our profitability could decrease. Capital expenditures may vary from those
projected based on changes in business plans and other factors, including risks related to the implementation
of various initiatives, the timing and successful completions of acquisitions, construction schedules and the
possibility that other cash requirements could result in delays or cancellations of capital spending. Periods
of high inflation, either overall or in certain product categories, can have a negative impact on us and our
customers, as high food costs can reduce consumer spending in the food-away-from-home market, and
may negatively impact our sales, gross profit, operating income and earnings. Expanding into international
markets presents unique challenges and risks, including compliance with local laws, regulations and customs
and the impact of local political and economic conditions, and such expansion efforts may not be successful.
Any business that we acquire may not perform as expected, and we may not realize the anticipated benefits
of our acquisitions. Expectations regarding the accounting treatment of any acquisitions may change based
on management’s subjective evaluation. Expectations regarding tax rates are subject to various factors
beyond management’s control.
For a discussion of additional factors impacting Sysco’s business, see the Company’s Annual Report on Form 10-K
for the year ended June 27, 2015, as filed with the Securities and Exchange Commission, and the Company’s
subsequent filings with the SEC. Sysco does not undertake to update its forward-looking statements.
Form 10-K and Financial Information
A copy of the fiscal 2015 Annual Report on Form 10-K, including the financial statements and financial
statement schedules, as well as copies of other financial reports and company literature, may be obtained
without charge upon written request to the Investor Relations Department, Sysco Corporation, at the
corporate offices listed above left, or by calling 281.584.2615. This information, which is included in this
Annual Report, also may be found on our website at www.sysco.com in the Investors section.
Stockholder Information
Design: Savage Brands, Houston TX