s large and fragmented
large -> big opportunity for profit ('big pond') fragmented -> no consolidation ('small fish')
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www.sec.gov www.sec.govForm 10-K14
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In 2009, the Company utilized free cash flow and, to a lesser extent, borrowings under its variable funding notes facility to repurchase and retire approximately $189.2 million in principal amount of its fixed rate senior notes, at a discount.
so basically, dominoes took out 189.2 million of debt in the form of fixed rate notes with the GFC investors panicked and so the actual value that the notes were trading at was much less dominos used cash and a credit line to buy these notes back at a cheaper price, meaning that they bought back or got rid of their 189.2 million in debt for a cheaper price
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$13.50 per share special cash dividend to shareholders and related anti-dilution payments and adjustments to certain option holders.
dividends are basically cash payments to investors that own at least a share of a companies stock. usually its a dollar-per-share amount. 13.50 in this case. the value of the share price will drop by 13.50 that exact amount the day after its paid out (called ex-dividend date) think about a wallet with cash inside it. if you sell the wallet with cash inside, you'd get a higher value. but if you take the cash out, keep it, when you sell the wallet i'd be at a lower value.
'related anti-dilution...' means basically anyoen that had a stock option, which means they dont technically have the share yet, gets some sort of compensation for the shqare price going down
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under its senior credit facility,
senior is basically more safe investors that tkae a lower interest rate on their loans in exchange for being paid back first on borrowings. typically large conservative investors that also demand some sort of assets to back
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the purchase and retirement at a premium of all the outstanding Domino’s, Inc. 8 1 /4% senior subordinated notes due 201
paid off its notes debt early
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stock tender offer
shares are bought from shareholders, usu above current market price issuer tender offer: company itself buysback shares third-party tender offer: takeover bid, outside activist investor offers to buy from shareholders
"• Offer Price & Premium: The buyer typically offers a 15% to 40% premium over the current trading price to motivate shareholders to sell quickly. • Expiration Window: Under SEC rules, a tender offer must remain open for at least 20 business days. • Minimum & Maximum Conditions: The buyer can set conditions—for example, canceling the offer if fewer than 51% of shares are tendered (in a takeover), or buying shares on a pro-rata basis if more shareholders want to sell than the company agreed to buy (in a buyback)."
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ixed rate notes
bonds/notes: corporate debt vehicles fixed rate: desp mark conditions, interest/debt repayments constant
often used interchangeably (bonds/notes), but conventionaly bonds: 10-30yrs notes: 1-10yrs bonds: issued to retail and institutional investors thru sec, backed only by general trust or creditworthiness of corp notes: issued privately backed by assets (secure)
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• Domestic stores. The domestic stores segment, which is comprised of 4,461 franchise stores and 466 Company-owned stores, generated revenues of $493.6 million and income from operations of $121.5 million during our fiscal year ended January 3, 2010, which we refer to herein as 2009. • Domestic supply chain. Our domestic supply chain segment, which manufactures our dough and thin crust products, processes vegetables and distributes food, equipment and supplies to all of our Company-owned stores and over 99% of our domestic franchise stores, generated revenues of $763.7 million and income from operations of $57.0 million during 2009. • International. Our international segment oversees 4,072 franchise stores outside the contiguous United States. It also manufactures dough and distributes food and supplies in a limited number of these markets. During 2009, our international segment generated revenues of $146.8 million, of which approximately 53% related to franchise royalties and fees, and generated income from operations of $66.8 million, of which approximately 91% related to franchise royalties and fees
breaking rev/inc sources into three components indicates this the format for the whole 10-k
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ndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [X] Non-accelerated filer [ ] (do not check if a smaller reporting company) Smaller reporting company [
diff rules on deadlines for forms based on company siz
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dicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K: [X
no board members, directors, 10%+ owners were late in filing their insider stcok transaction reports thjey have to file sec forms to tell the sec their insider trading
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ndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act): Yes [ ] No [X]
public float (total market cap of all the public traded shares) over 700m or $1 bil in corporate bonds ovr past 3 yrs filed all sec reports on time within last 12 mo clean standing -cannot be a shell company, penny-stock issuer, or have had recent bankruptcies, securities fraud violations, or felony/misdemeanor convictions within the past 3 years.
dominos failed caus their public traded mcap was only 400m or sm
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cate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act: Yes [ ] No [X]
whether they have to file these reports or are doing them on vluntary basis - private or small companies don have to file but they can if they want to like shareholder pressure
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Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes [X] No [
filed these reports on time for the last 12 mo
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(Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 3, 2010 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Annual report - filed at end of fiscal year Transition report - used when companies change fiscal year ends, which they can put at whatev time they want, and need a report for the gap
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