FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 1999

Item 5. Market for the Registrant's Common Equity

and Related Stockholder Matters 

Common Stock, 1998 and 1999

 

Our common stock is traded on the New York Stock Exchange and the Pacific Exchange, Inc., under the symbol "SFY." The high and low quarterly sales prices for the common stock for 1998 and 1999 are as follows:

1998 1999
First Second Third Fourth First Second Third Fourth
Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter
Low $15.88          $15.00         $8.81        $6.94                    $5.69          $8.25         $10.25        $10.31      
High $21.00          $20.75         $16.75        $11.19              $8.63          $13.13         $13.13        $13.31      

 

Since inception, no cash dividends have been declared on our common stock. Cash dividends are restricted under the terms of our credit agreements, as discussed in Note 4 to the Consolidated Financial Statements, and we presently intend to continue a policy of using retained earnings for expansion of our business.

We had approximately 488 stockholders of record as of December 31, 1999.

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