OSUR » Topics » Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

These excerpts taken from the OSUR 10-K filed Mar 12, 2008.

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 the year ended December 31, 2007.

 

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PART II

 

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

Market Information

Our Common Stock is listed for trading on the Global Market tier of The Nasdaq Stock Market LLC (“NASDAQ”) under the symbol OSUR. High and low sales prices reported by NASDAQ during the periods indicated are shown below.

 

     Year ended December 31,
     2007    2006
     High    Low    High    Low

First Quarter

   $ 9.00    $ 6.50    $ 11.67    $ 8.80

Second Quarter

     8.49      6.92      10.89      7.89

Third Quarter

     10.20      7.89      10.16      6.15

Fourth Quarter

     10.57      8.13      8.70      7.27

On March 3, 2008, there were 561 holders of record and approximately 10,200 holders in street name of the Common Stock, and the closing price of the Common Stock was $6.97 per share.

Dividends

We have never paid any cash dividends and our Board of Directors does not anticipate paying cash dividends in the foreseeable future. We are generally not permitted to pay dividends or make other distributions to our stockholders under the terms of our credit facilities with Comerica Bank, without first obtaining Comerica’s consent. We intend to retain any future earnings to provide funds for the operation and expansion of our business.

 

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Performance Graph

The following graph compares the cumulative total returns to investors in the Company’s Common Stock, the NASDAQ Composite Index and the NASDAQ Biotechnology Index for the period from December 31, 2002 through December 31, 2007. The graph assumes that $100 was invested on December 31, 2002 in the Company’s Common Stock and in each of the above-mentioned indices, and that all dividends were reinvested.

The NASDAQ Composite Index was chosen because it is a broad index of companies whose equity securities are traded on the NASDAQ Stock Market. The NASDAQ Biotechnology Index was chosen because it includes a number of our competitors. Stockholders are cautioned that the graph shows the returns to investors only as of the dates noted and may not be representative of the returns for any other past or future period.

LOGO

* $100 invested on 12/31/02 in stock or index-including reinvestment of dividends.

 

     12/2002    12/2003    12/2004    12/2005    12/2006    12/2007

OraSure Technologies, Inc.

   100.00    146.06    123.30    161.83    151.56    163.12

NASDAQ Composite

   100.00    149.75    164.64    168.60    187.83    205.22

NASDAQ Biotechnology

   100.00    146.95    164.05    185.29    183.09    186.22

The performance graph set forth above shall not be deemed “soliciting material” or “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that Section. This graph will not be deemed “incorporated by reference” into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether such filing occurs before or after the date hereof, regardless of any general incorporation language in such filing.

 

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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 the year ended December 31, 2007.

 


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PART II

 






ITEM 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
STYLE="margin-top:6px;margin-bottom:0px">Market Information

Our Common Stock is listed for
trading on the Global Market tier of The Nasdaq Stock Market LLC (“NASDAQ”) under the symbol OSUR. High and low sales prices reported by NASDAQ during the periods indicated are shown below.

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 






























































































   Year ended December 31,
   2007  2006
   High  Low  High  Low

First Quarter

  $9.00  $6.50  $11.67  $8.80

Second Quarter

   8.49   6.92   10.89   7.89

Third Quarter

   10.20   7.89   10.16   6.15

Fourth Quarter

   10.57   8.13   8.70   7.27

On March 3, 2008, there were 561 holders of record and approximately 10,200 holders in street
name of the Common Stock, and the closing price of the Common Stock was $6.97 per share.

Dividends

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">We have never paid any cash dividends and our Board of Directors does not anticipate paying cash dividends in the foreseeable future. We are generally not
permitted to pay dividends or make other distributions to our stockholders under the terms of our credit facilities with Comerica Bank, without first obtaining Comerica’s consent. We intend to retain any future earnings to provide funds for the
operation and expansion of our business.

 


37







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Performance Graph

FACE="Times New Roman" SIZE="2">The following graph compares the cumulative total returns to investors in the Company’s Common Stock, the NASDAQ Composite Index and the NASDAQ Biotechnology Index for the period from December 31, 2002
through December 31, 2007. The graph assumes that $100 was invested on December 31, 2002 in the Company’s Common Stock and in each of the above-mentioned indices, and that all dividends were reinvested.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">The NASDAQ Composite Index was chosen because it is a broad index of companies whose equity securities are traded on the NASDAQ Stock Market. The NASDAQ
Biotechnology Index was chosen because it includes a number of our competitors. Stockholders are cautioned that the graph shows the returns to investors only as of the dates noted and may not be representative of the returns for any other past or
future period.



LOGO





*$100 invested on 12/31/02 in stock or index-including reinvestment of dividends.

 










































































   12/2002  12/2003  12/2004  12/2005  12/2006  12/2007

OraSure Technologies, Inc.

  100.00  146.06  123.30  161.83  151.56  163.12

NASDAQ Composite

  100.00  149.75  164.64  168.60  187.83  205.22

NASDAQ Biotechnology

  100.00  146.95  164.05  185.29  183.09  186.22

The performance graph set forth above shall not be deemed “soliciting material” or
“filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that Section. This graph will not be deemed “incorporated by
reference” into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether such filing occurs before or after the date hereof, regardless of any general incorporation language in such filing.

STYLE="margin-top:0px;margin-bottom:0px"> 


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This excerpt taken from the OSUR 10-K filed Mar 16, 2007.

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 the year ended December 31, 2006.

 

34


Table of Contents

PART II

 

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

 

Market Information

 

Our Common Stock is listed for trading on the Global Market tier of The Nasdaq Stock Market LLC (“NASDAQ”) under the symbol OSUR. High and low sales prices reported by NASDAQ during the periods indicated are shown below.

 

     Year ended December 31,
     2006    2005
     High    Low    High    Low

First Quarter

   $ 11.67    $ 8.80    $ 7.45    $ 5.35

Second Quarter

     10.89      7.89      10.23      6.91

Third Quarter

     10.16      6.15      11.83      8.42

Fourth Quarter

     8.70      7.27      14.14      7.74

 

On March 1, 2007, there were 578 holders of record and approximately 16,000 holders in street name of the Common Stock, and the closing price of the Common Stock was $7.76 per share.

 

Dividends

 

We have never paid any cash dividends and our Board of Directors does not anticipate paying cash dividends in the foreseeable future. We are generally not permitted to pay dividends or make other distributions to our stockholders under the terms of our credit facilities with Comerica Bank, without first obtaining Comerica’s consent. We intend to retain any future earnings to provide funds for the operation and expansion of our business.

 

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Table of Contents

Performance Graph

 

The following graph compares the cumulative total returns to investors in the Company’s Common Stock, the NASDAQ Composite Index and the NASDAQ Biotechnology Index for the period from December 31, 2001 through December 31, 2006. The graph assumes that $100 was invested on December 31, 2001 in the Company’s Common Stock and in each of the above-mentioned indices, and that all dividends were reinvested.

 

The NASDAQ Composite Index was chosen because it is a broad index of companies whose equity securities are traded on the NASDAQ Stock Market. The NASDAQ Biotechnology Index was chosen because it includes a number of our competitors. Stockholders are cautioned that the graph shows the returns to investors only as of the dates noted and may not be representative of the returns for any other past or future period.

 

LOGO

 

     12/2001    12/2002    12/2003    12/2004    12/2005    12/2006

OraSure Technologies, Inc.

   100.00    44.86    65.51    55.31    72.59    67.98

NASDAQ Composite Index

   100.00    71.97    107.18    117.07    120.50    137.02

NASDAQ Biotechnology Index

   100.00    62.08    90.27    99.08    111.81    110.06

 

The performance graph set forth above shall not be deemed “soliciting material” or “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that Section. This graph will not be deemed “incorporated by reference” into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether such filing occurs before or after the date hereof, regardless of any general incorporation language in such filing.

 

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Table of Contents
This excerpt taken from the OSUR 10-K filed Mar 15, 2006.

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 the year ended December 31, 2005.

 

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Table of Contents

PART II

 

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

 

Our Common Stock is listed for trading on the National Market tier of The Nasdaq Stock Market (“NASDAQ”) under the symbol OSUR. High and low sales prices reported by NASDAQ during the periods indicated are shown below.

 

     Year ended December 31,

     2005

   2004

     High

   Low

   High

   Low

First Quarter

   $ 7.45    $ 5.35    $ 12.00    $ 7.20

Second Quarter

     10.23      6.91      10.63      6.65

Third Quarter

     11.83      8.42      9.73      5.19

Fourth Quarter

     14.14      7.74      7.52      5.54

 

On March 1, 2006, there were 589 holders of record and approximately 16,000 holders in street name of the Common Stock, and the closing price of the Common Stock was $9.73 per share. We have never paid any cash dividends, and our Board of Directors does not anticipate paying cash dividends in the foreseeable future. We are generally not permitted to pay dividends or make other distributions to our stockholders under the terms of our credit facilities with Comerica Bank, without first obtaining Comerica’s consent. We intend to retain any future earnings to provide funds for the operation and expansion of our business.

 

This excerpt taken from the OSUR 10-Q filed Aug 5, 2005.

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

At our 2005 Annual Meeting of Stockholders (“Annual Meeting”) held on May 17, 2005, the following individuals were elected by the votes indicated as Class II directors of the Company for terms expiring at the 2008 Annual Meeting of Stockholders:

 

Nominee


   Votes For

   Votes
Withheld


Ronny B. Lancaster

   40,448,792    329,305

Roger L. Pringle

   39,661,665    1,116,432

 

The terms of the following directors continued after the Annual Meeting: Frank G. Hausmann, Douglas A. Michels, and Douglas G. Watson.

 

At the Annual Meeting, stockholders also ratified the appointment of KPMG LLP as our independent registered public accounting firm to audit and report upon our financial statements and internal control over financial reporting for the period January 1, 2005 through December 31, 2005. Voting results on this matter were as follows: 40,589,855 shares were voted for ratification; 88,916 shares were voted against ratification; and 99,326 shares abstained.

 

This excerpt taken from the OSUR 10-K filed Mar 15, 2005.

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 the year ended December 31, 2004.

 

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Table of Contents

PART II

 

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

 

Our Common Stock is listed for trading on the National Market tier of The Nasdaq Stock Market (“NASDAQ”) under the symbol OSUR. High and low sales prices reported by NASDAQ during the periods indicated are shown below.

 

     Year ended December 31,

     2004

   2003

     High

   Low

   High

   Low

First Quarter

   $ 12.00    $ 7.20    $ 8.62    $ 5.05

Second Quarter

     10.63      6.65      8.29      5.47

Third Quarter

     9.73      5.19      10.92      7.36

Fourth Quarter

     7.52      5.54      10.30      7.55

 

On March 1, 2005, there were 607 holders of record and approximately 14,500 holders in street name of the Common Stock, and the closing price of the Common Stock was $7.05 per share. We have never paid any cash dividends, and our Board of Directors does not anticipate paying cash dividends in the foreseeable future. We are generally not permitted to pay dividends or make other distributions to our stockholders under the terms of our credit facilities with Comerica Bank, without first obtaining Comerica’s consent. We intend to retain any future earnings to provide funds for the operation and expansion of our business.

 

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