Document Qg0dqpgvK2X3OVN6KO9KV92x6

MAFCO CONSOLIDATED GROUP INC (Form. 10-K, Received* 03/28/1997 00.00:0 ..Page 21 of 116 19 of their work maintaining or repairing Pullman cars Management believes that costs related to these approximately 360 claims will not have a material adverse effect on the Company ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS There were no matters submitted to a vote of security holders during the fourth quarter of 1996. PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS MARKET PRICES From July 17, 1992 through June 15,1995, the Abex Common Stock traded on the NYSE under the symbol ABE Since June 16, 1995, the Company Common Stock has been traded on the NYSE under the symbol MFO. For the periods indicated, the high and low closing prices for the Abex and Company Common Stock as reported by the NYSE were as follows: 1995 First Quarter Second Quarter (Abex through June 15, 1995) Second Quarter (MC Group from June 16, 1995 through June 30, 1995) Third Quarter Fourth Quarter 1996 First Quarter Second Quarter Third Quarter Fourth Quarter HIGH $7 10 1/2 22 3/8 29 1/8 26 LOW $8 7 5/8 19 3/4 21 1/8 17 1/4 $20 1/4 24 7/8 30 5/8 30 1/4 $14 15 5/8 19 7/8 23 7/8 As of the close of business on March 7,1997, there were approximately 4,310 stockholders of record of Company Common Stock. The Company has never paid any cash dividend with respect to the MC Group Common Stock, except for the $10.00 special cash dividend paid on March 14, 1997 to holders of record on March 10, 1997. The MC Group Board of Directors will review its dividend pohcy from time to time in light of MC Group's results of operations and financial position and such other busmess considerations the MC Group Board of Directors deems relevant The terms of the credit agreement (the "Cigar Credit Agreement") and Senior Subordmated Notes due 2003 ("Senior Notes") of Consolidated Cigar limit the payment of dividends or distributions by Consolidated Cigar to an amount equal to approximately $9.3 million as of December 31, 1996 Therefore, the Company is limited in its ability to pay dividends to its http://www.edgarpro com/EFX_dll/EDGARpro dlPFetchFilingHTMLPID=969943&Ses 10/19/2003