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Shareholder Information
Stock Listing
The Company’s common stock began trading publicly in the over-the-counter market on November 24, 1987 and was added to the NASDAQ National Market System effective December 15, 1987. The Company’s common stock trades on the NASDAQ Stock Market under the symbol: CLHB. The following table sets forth the high and low sales prices of the Company’s common stock for the indicated periods as reported by NASDAQ.
1995 | High | Low | 1996 | High | Low | |
First Quarter | $5.125 | $3.375 | First Quarter | $3.875 | $2.375 | |
Second Quarter | 5.50 | 3.125 | Second Quarter | 4.125 | 2.875 | |
Third Quarter | 4.25 | 3.00 | Third Quarter | 3.375 | 1.500 | |
Fourth Quarter | 3.875 | 2.375 | Fourth Quarter | 3.375 | 1.875 |
On March 3, 1997, there were 862 holders of record of the Company’s common stock, excluding stockholders whose shares were held in nominee name.
The Company has never declared nor paid any cash dividends on its common stock. In February 1993, the Board of Directors authorized the issuance of up to 156,416 shares designated as Series B Convertible Preferred Stock, with a cumulative dividend of 7% during the first year and 8% thereafter, payable either in cash or by the issuance of shares of common stock. 112,000 shares of Series B Convertible Preferred Stock (the “Preferred Stock”) were issued on February 16, 1993 in partial payment of the purchase price for Spring Grove. Except for payment of dividends on the Preferred Stock, the Company intends to retain all earnings for use in the Company’s business and therefore does not anticipate paying any cash dividends on its common stock in the foreseeable future. The Company’s bank credit agreements contain financial covenants which may effectively restrict or limit the payment of dividends other than Preferred Stock dividends.
Form 10-K
Copies of the Company’s annual report on Form 10-K for the year ended December 31, 1996, filed with the Securities and Exchange Commission on March 27, 1997, may be obtained without charge by writing to the Company at 1501 Washington Street, Braintree, Massachusetts 02184, attention: William J. Geary, Esq.
Annual Meeting
9:30 am, Thursday, June 26, 1997, U.S. Trust Building, 40 Court Street, Boston, Massachusetts 02111
Auditors
Coopers & Lybrand L.L.P., One Post Office Square, Boston, Massachusetts 02109
Clerk of the Corporation
C. Michael Malm, Esq., Davis, Malm & D’Agostine P.C.
Corporate Counsel
Davis, Malm & D’Agostine P.C., One Boston Place, Boston, Massachusetts 02108
Transfer Agent
American Stock Transfer & Trust Company, 40 Wall Street, New York, New York 10005, 800-937-5449
Inquiries regarding this report may be directed to:
William J. Geary, Esq., Vice President of Government and Public Affairs, 617-849-1800, ext. 4169.
Clean Harbors is an Affirmative Action/Equal Opportunity Employer.
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