EYE » Topics » Item 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

This excerpt taken from the EYE 10-K filed Mar 2, 2005.

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 

Dividends. We have never declared or paid any cash dividends on our common stock or any of our securities. We do not expect to pay cash dividends on our capital stock in the foreseeable future. We intend to retain our future earnings to continue to fund the development and growth of our business as well as repay long-term debt. In addition, our amended and restated senior credit facility prohibits us from paying cash dividends.

 

Market Information. The following table shows the quarterly price range of our common stock during the periods listed.

 

     2004

   2003

Calendar Quarter


   Low

   High

   Low

   High

First

   $ 20.04    $ 24.73    $ 11.30    $ 13.65

Second

     23.90      42.89      12.90      17.65

Third

     34.84      42.67      15.26      18.91

Fourth

     35.77      43.69      17.21      20.67

 

Our common stock is listed on the New York Stock Exchange and is traded under the symbol “AVO.” The closing price of our common stock was $37.95 on February 28, 2005.

 

The approximate number of stockholders of record was 4,515 as of February 28, 2005.

 

Recent Sales of Unregistered Securities. During the quarter ended December 31, 2004, the Company issued an aggregate of 260,382 shares of common stock to a limited number of holders of the Company’s 3 1/2% Convertible Senior Subordinated Notes due 2023 (the “3 1/2% convertible notes”) in exchange for approximately $4.8 million aggregate principal amount 3 1/2% convertible notes in privately negotiated transactions. The issuance of the shares of common stock was made in reliance on Section 3(a)(9) of the Securities Act of 1933, as amended.

 

Purchases of Equity Securities by the Issuer. The following sets forth the amount of 3 1/2% convertible notes acquired by AMO during the quarter ended December 31, 2004:

 

ISSUER PURCHASES OF EQUITY SECURITIES

 

Period


   Total Number of
Shares or Units
Purchased


  

Average Price

Paid per Share or

Unit


   Total Number of
Shares or Units
Purchased as Part
of Publicly
Announced Plans or
Programs


   Maximum Number
(or Approximate
Dollar Value) of
Shares or Units that
May Yet Be
Purchased Under the
Plans or Programs


September 25, 2004 – October 29, 2004

   None    —      None    None

October 30, 2004 – November 25, 2004

   $3,000,000 in
principal amount
   48.69 shares of
common stock for each
$1,000 principal
amount of notes and
accrued and unpaid
interest thereon
   None    None

November 26, 2004 – December 31, 2004

   $1,842,000 in
principal amount
   48.69 shares of
common stock for each
$1,000 principal

amount of notes and
accrued and unpaid

interest thereon
   None    None

 

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