01—Abstract
Summary
Summary of the 10-K/A filed August 2, 2000. Cited figures are marked; the original filing is the authoritative source.
This amended Form 10-K/A from The Kroger Co. covers the fiscal year ended January 29, 2000, and is filed under the company's Ohio incorporation with its headquarters at 1014 Vine St., Cincinnati, Ohio.
The filing as presented contains only Part II, Item 5 (Market for the Registrant's Common Equity), so it does not include financial statements, revenue, earnings, or operating results. Its primary content is stock market and shareholder information: Kroger's common stock trades on the New York Stock Exchange under the symbol KR, with 830,804,611 shares outstanding as of April 26, 2000, and an aggregate market value held by non-affiliates of $12,256,639,106a as of March 6, 2000. Stock price performance is shown for 1999 and 1998 by quarter.
In 1999 the stock traded between a high of 34-29/32 in the first quarter and a low of 14-7/8 in the fourth quarter, with the fourth-quarter high at 24-1/4. The number of shareowners was 51,000 at year-end 1999 and 51,286 at April 26, 2000, based on shareholders of record. On dividends, the filing states that Kroger has paid no cash dividends on its Common Stock for the past three fiscal years.
Its May 28, 1997 Credit Agreement prohibits cash dividends for the agreement's term, although stock dividends are permitted. For investors, this means the company's capital return policy is constrained by its credit agreement, and any income-oriented return would have to come from share price appreciation.
02—Key points
Key Highlights
- Common stock listed on the New York Stock Exchange under symbol KR; 830,804,611 shares outstanding as of April 26, 2000.
- Aggregate market value of common stock held by non-affiliates was $12,256,639,106 as of March 6, 2000.
- 1999 stock price ranged from a high of 34-29/32 (Q1) to a low of 14-7/8 (Q4).
- Shareowners of record numbered 51,000 at year-end 1999 and 51,286 at April 26, 2000.
- No cash dividends were paid on Common Stock during the past three fiscal years.
- The May 28, 1997 Credit Agreement prohibits cash dividends during its term but permits stock dividends.
- This amendment includes only Part II, Item 5 and does not contain financial statements or operating results.
03—Questions
Frequently Asked Questions
Does Kroger pay a dividend?
No. The filing states that the company has not paid dividends on its Common Stock for the past three fiscal years, and its Credit Agreement dated May 28, 1997 prohibits cash dividends during the agreement's term. The company may pay dividends in the form of its own stock.
How did Kroger's stock perform in 1999?
The stock's quarterly high ranged from 34-29/32 in the first quarter to 24-1/4 in the fourth quarter, and its quarterly low ranged from 24-7/8 in the first quarter to 14-7/8 in the fourth quarter. The 1999 trading range was therefore notably lower by year-end.
Where does Kroger's common stock trade?
Kroger's common stock, par value $1, is registered on the New York Stock Exchange under the symbol KR.
How many shareholders does Kroger have?
The filing reports 51,000 shareowners at year-end 1999 and 51,286 at April 26, 2000, determined by the number of shareholders of record.
What is the market value of Kroger's public float?
The aggregate market value of common stock held by non-affiliates was $12,256,639,106 as of March 6, 2000, according to the cover page.
04—Continue