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PART
II
ITEM 5. Market
for the Registrants Common Equity and Related Stockholder
Matters
Our
common stock is listed on the The Nasdaq Stock Markets
National Market under the symbol RRGB. The table below
sets forth the high and low per share sales prices for
our common stock as reported by The Nasdaq Stock Markets
National Market. Our initial public offering became effective
in July 2002. There was no established public trading
market for our common stock prior to that date.
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Sales
Price
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High
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Low
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2002
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4th
Quarter
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$
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14.49
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$
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9.09
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3rd
Quarter(1)
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13.85
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9.39
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(1) |
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Trading
of our common stock began on July 19, 2002 |
As
of March 18, 2003 there were approximately 2,000 holders
of our common stock.
Dividends
We
did not declare or pay any cash dividends on our common
stock in fiscal 2002 or 2001. We currently anticipate
that we will retain any future earnings for the operation
and expansion of our business. In addition, our revolving
credit agreement prohibits us from declaring or paying
any dividends or making any other distributions on any
of our shares, subject to specified exceptions. Accordingly,
we do not anticipate declaring or paying any cash dividends
on our common stock in the foreseeable future.
Any
future determination relating to our dividend policy will
be made at the discretion of our board of directors and
will depend on then existing conditions, including our
financial condition, results of operations, contractual
restrictions, capital requirements, business prospects
and other factors our board of directors may deem relevant.
Securities
Authorized for Issuance Under Equity Compensation Plans
Information
regarding securities authorized for issuance under equity
compensation plans under the caption Equity Compensation
Plan Information in our 2003 proxy statement is
hereby incorporated by reference.
Recent
Sales of Unregistered Securities and Use of Proceeds from
Registered Securities
On
February 12, 2002, we sold 172 shares of our common stock
to a former employee for $1,000 pursuant to the exercise
of stock options. The sale and issuance of securities
described in this paragraph were exempt from the registration
requirements of the Securities Act pursuant to Rule 701
under the Securities Act for securities sold pursuant
to certain compensatory benefit plans and contracts relating
to compensation.
On
July 17, 2002, we sold 3,448 shares of our common stock
to an employee for $19,998 pursuant to the exercise of
stock options. The sale and issuance of securities described
in this paragraph were exempt from the registration requirements
of the Securities Act pursuant to Rule 701 under the Securities
Act for securities sold pursuant to certain compensatory
benefit plans and contracts relating to compensation.
On
July 26, 2002, we sold 2,414 shares of our common stock
to a former employee for $14,001 pursuant to the exercise
of stock options. The sale and issuance of securities
described in this paragraph were exempt from the registration
requirements of the Securities Act pursuant to Rule 701
under the Securities Act for securities sold pursuant
to certain compensatory benefit plans and contracts relating
to compensation.
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