A LIFESTYLE COMPANY
A LIFESTYLE COMPANY - Gaiam, Inc. (NASDAQ: GAIA)
A LIFESTYLE COMPANY - Gaiam, Inc. (NASDAQ: GAIA)
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ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED<br />
STOCKHOLDER MATTERS<br />
STOCK PRICE HISTORY<br />
Gaiam’s Class A common stock has been quoted on the NASDAQ under the symbol "GAIA" since Gaiam’s initial public offering<br />
on October 29, 1999. On March 21, 2001, the Company had 9,287 stockholders of record and 5,955,578 shares of $.0001<br />
par value Class A common stock outstanding, and one stockholder and 5,400,000 shares of $.0001 par value Class B<br />
common stock outstanding.<br />
The following table sets forth certain sales price and trading volume data for the Company’s Class A common stock for the<br />
period indicated:<br />
Average<br />
Daily<br />
High Bid Low Bid Close Volume<br />
Fiscal 2000:<br />
First Quarter $ 19 $ 13 59/64 $ 17 1/2 11,057<br />
Second Quarter $ 24 11/16 $ 14 $ 18 1/2 12,383<br />
Third Quarter $ 19 $ 15 $ 18 5/16 11,176<br />
Fourth Quarter $ 18 1/4 $ 14 5/8 $ 15 7/16 8,224<br />
Fiscal 1999 – Fourth Quarter<br />
Commencing October 29, 1999 $ 18 1/4 $ 5 3/8 $ 15 7/8 58,952<br />
DIVIDEND POLICY<br />
PART II<br />
Gaiam has never declared or paid any cash dividends on its capital stock. Gaiam currently intends to retain earnings, to<br />
support its growth strategy and does not anticipate paying cash dividends in the foreseeable future. In addition, our bank<br />
credit agreement prohibits payment of any dividends to our shareholders.<br />
SALES OF UNREGISTERED SECURITIES<br />
During 2000, we acquired a yoga props company and a 70% interest in an organic clothing manufacturer. Total consideration<br />
paid for these acquisitions was approximately $315,000 in cash and 21,243 shares of Class A common stock. These shares<br />
were issued on February 29, 2000 (14,000 shares) and June 20, 2000 (7,243 shares). The shares were issued pursuant to<br />
an exemption from registration under Section 4(2) of the Securities Act of 1933.<br />
ITEM 6. SELECTED FINANCIAL DATA<br />
The selected statement of operations for the years ended December 31, 1998, 1999 and 2000 and balance sheet data as<br />
of December 31, 1999 and 2000 set forth below are derived from Gaiam’s audited consolidated financial statements. The<br />
audited consolidated financial statements include statements of operations for the years ended December 31, 1998, 1999 and<br />
2000, and balance sheets as of December 31, 1999 and 2000. These financial statements appear elsewhere in this Form 10-K.<br />
The selected statement of operations for the years ended December 31, 1996, and 1997 and balance sheet data as of<br />
December 31, 1996, 1997 and 1998 set forth below are derived from Gaiam’s audited consolidated financial statements.<br />
The historical operating results are not necessarily indicative of the results to be expected for any other period. The data set<br />
forth below should be read in conjunction with "Management’s Discussion and Analysis of Financial Condition and Results of<br />
Operations" and Gaiam’s consolidated financial statements and related notes, included elsewhere in this Form 10-K.<br />
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