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Part II
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our Class A Common Stock has been traded on the NASDAQ Global Market under the symbol “TSYS” since our initial public
offering on August 8, 2000. The following table sets forth, for the periods indicated, the high and low sales prices for our Class A
Common Stock as reported on the NASDAQ Global Market:
High
Low
2014
First Quarter 2014 (through February 21, 2014) ...................................... $
2.50 $
2.11
2013
First Quarter 2013 .................................................................................... $
2.65 $
2.11
Second Quarter 2013................................................................................ $
2.42 $
1.82
Third Quarter 2013................................................................................... $
3.21 $
2.31
Fourth Quarter 2013 ................................................................................. $
2.59 $
2.10
2012
First Quarter 2012 .................................................................................... $
3.09 $
2.25
Second Quarter 2012................................................................................ $
2.88 $
1.20
Third Quarter 2012................................................................................... $
2.28 $
1.10
Fourth Quarter 2012 ................................................................................. $
2.70 $
1.69
There are approximately 7,100 shareholders of our Class A Common Stock and as of February 21, 2014, approximately 260
were holders of record. As of February 21, 2014, there were 8 holders of record of our Class B Common Stock.
Dividend Policy
We have never declared or paid cash dividends on our common stock. We currently intend to retain any future earnings to fund
the development, growth and operation of our business. Additionally, under the terms of our loan arrangements, our lender’s prior
written consent is required to pay cash dividends on our common stock. We do not currently anticipate paying any cash dividends on
our common stock in the foreseeable future.
Issuer Purchases of Equity Securities
None.
Stock Performance Graph
The following graph compares the cumulative total shareholder return on the Company’s Class A Common Stock with the
cumulative total return of the Nasdaq Global Market U.S. Index and a mobile data index prepared by the Company of the following
relevant publicly traded companies in the commercial and government sectors in which we operate: BlackBerry Limited; CACI
International Inc.; Comtech Telecommunications Corp.; Garmin Ltd.; General Dynamics Corp.; Harris Corp.; The KEYW Holding
Corporation; Kratos Defense & Security Solutions, Inc.; NCI Inc.; NeuStar, Inc.; Rockwell Collins, Inc.; LM Ericsson Telephone
Company; Telenav, Inc.; and ViaSat, Inc. (the “New Peer Group”).
The composition of the Mobile Data Index has been changed from last year (the “Old Peer Group”) as follows: (1) Comverse
Technology, Inc. and Globecomm Systems, Inc. were removed because they have become privately owned and no longer report
relevant data, and (2) The KEYW Holding Corporation, and Blackberry Limited and Garmin Ltd. were added to the New Peer Group
because their business lines, have become more comparable to our Government Segment and Commercial Segment businesses,
respectively.
The information provided is from January 1, 2008 through December 31, 2013.
