Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark
One)
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x
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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For the fiscal year ended December 31, 2009
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or
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o
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TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For the transition period from
to
Commission File No. 1-3381
A.
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Full
title of the plan and the address of the plan, if different from that of the
issuer named below:
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The Pep Boys Savings Plan
B.
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Name
of issuer of the securities held pursuant to the plan and the address of its
principal executive office:
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The Pep Boys Manny, Moe & Jack
3111 W. Allegheny Avenue
Philadelphia, PA 19132
Registrants
telephone number, including area code
(215)
430-9000
Notices
and communications from the Securities and Exchange Commission relating to this
Report should be forwarded to:
Bernard
K. McElroy
Vice President Finance & Treasurer
The Pep Boys Manny, Moe & Jack
3111 West Allegheny Avenue
Philadelphia, PA 19132
Table of Contents
THE PEP BOYS SAVINGS PLAN
TABLE OF
CONTENTS
All
other schedules required by Section 2520.103-10 of the Department of Labors
Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974 have been omitted because they are not
applicable.
1
Table
of Contents
REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To
the Participants and the Administrative Committee of
The Pep Boys Savings Plan:
We
have audited the accompanying statements of net assets available for benefits
of The Pep Boys Savings Plan (the Plan) as of December 31, 2009 and
2008, and the related statements of changes in net assets available for
benefits for the years then ended. These financial statements are the
responsibility of the Plans management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In
our opinion, the financial statements referred to above present fairly, in all
material respects, the net assets available for benefits of The Pep Boys
Savings Plan as of December 31, 2009 and 2008, and the changes in net
assets available for benefits for the years then ended, in conformity with
accounting principles generally accepted in the United States of America.
Our
audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of delinquent
participant contributions and assets (held at end of year) are presented for
the purpose of additional analysis and are not a required part of the basic
financial statements, but are supplementary information required by the
Department of Labors Rules and Regulations for Reporting and Disclosure
under the Employee Retirement Income Security Act of 1974. The supplemental
schedules are the responsibility of the Plans management. The supplemental
schedules have been subjected to the auditing procedures applied in the audits
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
/s/
PARENTEBEARD, LLC
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Philadelphia,
Pennsylvania
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June 25,
2010
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2
Table
of Contents
THE PEP
BOYS SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2009 AND 2008
(dollar amount in thousands)
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2009
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2008
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ASSETS
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Investments at fair value
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$
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132,382
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$
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106,378
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Contributions receivable:
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Participant
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254
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28
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Employer
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2,164
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12
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Total contributions receivable
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2,418
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40
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Total assets
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134,800
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106,418
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LIABILITIES
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Refundable contributions and earnings
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24
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135
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NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE
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134,776
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106,283
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Adjustment from fair value to contract value for
fully benefit-responsive investment contracts
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(1,292
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)
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(903
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)
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NET ASSETS AVAILABLE FOR BENEFITS
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$
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133,484
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$
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105,380
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See notes to financial statements.
3
Table of Contents
THE PEP
BOYS SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEARS ENDED DECEMBER 31, 2009 AND 2008
(dollar amount in thousands)
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2009
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2008
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Investment income (loss):
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Dividends and interest
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$
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845
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$
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3,443
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Net appreciation (depreciation) of investments
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26,260
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(38,891
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)
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Interest on loans
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658
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785
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Total investment income (loss)
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27,763
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(34,663
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)
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Contributions:
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Participants
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7,807
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9,302
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Employer
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2,676
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3,652
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Total contributions
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10,483
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12,954
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Total additions (reductions)
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38,246
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(21,709
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)
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Deductions:
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Benefits paid to participants
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(9,915
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)
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(11,837
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)
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Refundable contributions and earnings
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(27
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)
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(135
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)
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Administrative expense
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(200
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)
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(240
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)
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Total deductions
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(10,142
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)
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(12,212
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)
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NET INCREASE (DECREASE)
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28,104
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(33,921
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)
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NET ASSETS AVAILABLE FOR BENEFITS:
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Beginning of year
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105,380
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139,301
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End of year
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$
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133,484
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$
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105,380
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See notes to financial statements.
4
Table
of Contents
THE PEP BOYS SAVINGS PLAN
NOTES TO
FINANCIAL STATEMENTS
1. DESCRIPTION OF THE PLAN
The
information in these notes regarding The Pep Boys Savings Plan (the Plan) is
provided for general purposes only. Participants should refer to the Plan
document for a more complete description of the Plan provisions.
General
The
Plan was established September 1, 1987. The Plan provides a vehicle
for participating employees of The Pep BoysManny, Moe & Jack and its
subsidiaries (the Company) other than the Pep BoysManny, Moe & Jack
of Puerto Rico, Inc. to increase savings. The Plan is a defined
contribution plan structured to comply with the requirements of the Employee
Retirement Income Security Act of 1974 (ERISA), as amended.
Participation
and Eligibility
All
employees of the Company who have attained both the age of 21 and completed one
year of service as defined by the Plan, other than those employees whose terms
and conditions of employment are determined by a collective bargaining
agreement unless such collective bargaining agreement provides to the contrary,
may join the Plan any time on or after the start of the quarter, which
immediately follows the employees anniversary date. These quarter dates are
January 1, April 1, July 1, or October 1.
Contributions
Each
year, participants may contribute up to 50% of pretax annual compensation as
defined by the Plan and up to the Internal Revenue Service (IRS) limit.
Participants who have attained age 50 before the end of the Plan year are
eligible to make catch-up contributions. Participants may also contribute
amounts representing distributions from other qualified defined benefit or
defined contribution plans. Participants direct the investment of their
contributions into various investment options offered by the Plan. Participants
may at any time elect to rollover amounts from other qualified plans or
individual retirement accounts into the Plan. Participants do not have to
satisfy the eligibility requirements to make a rollover.
The
Company contributes the lesser of 50% of the first 6% of the participants
pre-tax contributions or 3% of the participants compensation. For fiscal 2009
the Companys contributions were conditional upon the achievement of certain
pre-established Company financial performance goals. On January 30, 2010
the Company achieved the pre-established financial goal for the 2009 fiscal
year and declared a contribution of $2,164,000 to the Plan for participants who
met the eligibility and participation requirements as of December 31,
2009. The Companys matching contributions are invested in the same
fund(s) and in the same proportion chosen by the participants for their
contributions.
Participant
contributions to the Plan, up to maximums of $16,500 and $15,500 during 2009
and 2008 respectively, are not subject to income tax until their withdrawal
from the Plan. Additionally, participants are not subject to tax on the Companys
contributions to the Plan, appreciation in Plan assets or income earned thereon
until withdrawn from the Plan. Contributions are subject to certain
limitations.
Participant
Accounts
Each
participants account is credited with the participants and companys
contribution and an allocation of Plan earnings, and is charged with an
allocation of administrative expenses. Allocations are based on
5
Table of
Contents
participant
earnings or account balances, as defined. The benefit to which a participant is
entitled is the benefit that can be provided from the participants vested
balance.
Payment
of Benefits
Lump
sum distributions from the Plan equal to the value of the participants vested
interest may be made to a participant upon attaining the age of 59-1/2, death,
total disability, financial hardship or termination of employment.
Distributions and withdrawals are processed on a daily basis.
Delinquent
Participant Contributions
Due
to an administrative error, the Company omitted approximately $50,000 from the
employee contributions that were due and delivered to the plan on June 12,
2009. The Company subsequently sent the omitted contributions to the plan on July 24,
2009. The delay in sending the contributions to the Plan exceeded the time
period required under Department of Labor (DOL) regulation 2510.3-102. The
Company is preparing a form 5330 for filing with the IRS and will pay the
required excise tax on the transaction. In addition, the Company will calculate
and deposit into affected participants accounts the amount of income that
would have been earned had the contributions been remitted on a timely basis.
The amount of this contribution is immaterial to the Plans financial
statements.
Vesting
Participants
are vested immediately in their contributions plus actual earnings thereon.
Participants vest in the Companys contributions for a particular year if the
participant is actively employed on the last business day of the Plan year
(which ends December 31) or if the participants employment is terminated
due to death, disability or retirement prior to December 31.
Forfeited
Accounts
Forfeitures
of non-vested employer contributions are used to reduce future company
contributions. At December 31, 2009 and 2008, forfeited non-vested
accounts totaled approximately $157,000 and $278,000 respectively. Forfeited
amounts of approximately $289,000 and $104,000 were used to reduce company
contributions in 2009 and 2008, respectively.
Participant
Loans
Loans
are made available to all Plan participants whose account value is $1,000 or
more. Participants may borrow up to 50% of their account balance subject to a
minimum of $500 and a maximum of $50,000. The $50,000 maximum may be reduced if
the participant has another loan within one year of the date that such
participant takes out the loan. The maximum duration of a loan is five years
unless the loan is used to purchase a primary residence. In such a case, the
loan term is permitted for up to a 30 year duration. The interest rate is
commensurate with current fixed rates charged by institutions in the business
of lending money for similar types of loans. Interest rates at
December 31, 2009, range from 2.0% to 10.5%. Participants may have up to
two loans outstanding at any one time and can prepay loans in full at any time.
Principal and interest is paid ratably through payroll deductions.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis
of Presentation
The
financial statements of the Plan have been prepared on the accrual basis of
accounting in accordance with accounting principles generally accepted in the
United States of America.
Investment
contracts held by a defined-contribution plan are required to be reported at
fair value. However, contract value is the relevant measurement attribute for
that portion of the net assets available for benefits
6
Table of
Contents
of
a defined contribution plan attributable to fully benefit-responsive investment
contracts because contract value is the amount participants would receive if
they were to initiate permitted transactions under the terms of the plan. The statement
of net assets available for benefits presents the fair value of the investment
contracts as well as the adjustment of the fully benefit-responsive investment
contracts from fair value to contract value. The statement of changes in net assets
available for benefits is prepared on a contract value basis.
Application
of Accounting Standards
In
June 2009, the Financial Accounting Standards Board (FASB) issued FASB
Statement No. 168, The FASB Accounting Standards Codification and the
Hierarchy of Generally Accepted Accounting Principles (SFAS 168). SFAS 168
is effective for financial statements issued after September 15, 2009.
SFAS 168 requires that the FASBs Accounting Standards Codification (ASC)
become the sole source of authoritative U.S. generally accepted accounting
principles recognized by the FASB for nongovernmental entities.
In
January 2010, the FASB issued Accounting Standards Update 2010-06 Fair
Value MeasurementsImproving Disclosures on Fair Value Measurements (ASU
2010-06). This guidance requires new disclosures surrounding transfers in and
out of level 1 or 2 in the fair value hierarchy and also requires that in the
reconciliation of level 3 inputs, the entity should report separately
information on purchases, sales, issuances or settlements. The increased
disclosures should be reported for each class of assets or liabilities. ASU
2010-06 also clarifies existing disclosures for the level of disaggregation,
disclosures about valuation techniques and inputs used to determine level 2 or
3 fair value measurements and includes conforming amendments to the guidance on
employers disclosures about postretirement benefit plan assets ASC 715. ASU
2010-06 is effective for interim and annual reporting periods beginning after December 15,
2009 except for the disclosures about purchases, sales, issuances or
settlements in the roll forward activity for level 3 fair value measurements
which are effective for interim and annual periods beginning after December 15,
2010. The adoption of ASU 2010-06 for requirements that are effective December 15,
2009 did not have a material affect on the Plans financial statements. The
Plan is evaluating the impact on its financial statements for those requirements
of ASU 2010-06 which are effective for interim and annual reporting periods
beginning after December 15, 2010.
Use
of Estimates
The
preparation of the financial statements in conformity with accounting
principles generally accepted in the United States of America requires the Plans
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and changes therein, and disclosure of contingent
assets and liabilities. Actual results may differ from those estimates and
assumptions.
Risks
and Uncertainties
The
Plan provides for investment options in mutual funds, common/collective trusts
and common stock of the Company. Investment securities are exposed to various
risks, such as interest rate, market and credit risk. Due to the level of risk
associated with certain investment securities and the level of uncertainty
related to changes in the value of investment securities, it is at least
reasonably possible that changes in the value of investment securities will
occur in the near term and that such changes could materially affect
participants account balances and the amounts reported in the statements of
net assets available for benefits and the statements of changes in net assets
available for benefits.
Payment
of Benefits
Benefits
are recorded when paid.
Investment
Valuation and Income Recognition
The
Plans investments are reported at fair value. Fair value is the price that
would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date.
See Note 7 for a discussion of fair value measurements.
7
Table of
Contents
Purchases
and sales of securities are recorded on the trade-date basis. Interest
income is recorded on the accrual basis. Dividends are recorded on the
ex-dividend date. Net appreciation/depreciation includes the Plans gains
and losses on investments bought and sold as well as held during the year.
Management
fees and operating expenses charged to the Plan for investments in mutual funds
are deducted from income earned and are not separately reflected. Therefore,
management fees and operating expenses are reflected as a reduction of
investment return on such investments.
Reclassifications
Certain
prior year amounts were reclassified to conform with current year presentation.
3. INVESTMENTS
The
following presents investments that represent 5 percent or more of the Plans
net assets.
|
|
December 31,
|
|
(dollar amount in thousands)
|
|
2009
|
|
2008
|
|
RVST Equity Index Fund II
|
|
$
|
18,636
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$
|
16,001
|
|
RVST Stable Capital Fund II
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43,616
|
|
42,991
|
|
The Pep Boys Stock Fund
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23,915
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11,642
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|
Fidelity Freedom 2010 Fund
|
|
7,673
|
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6,424
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|
Loans to participants
|
|
10,847
|
|
9,929
|
|
|
|
|
|
|
|
|
|
During
2009 and 2008, the Plans investments (including gains and losses on
investments bought and sold, as well as held during the year) appreciated
(depreciated) in value as follows:
(dollar amounts in thousands)
|
|
2009
|
|
2008
|
|
The Pep Boys Stock Fund and Unitized Account
|
|
$
|
15,119
|
|
$
|
(16,180
|
)
|
Mutual Funds
|
|
6,032
|
|
(14,557
|
)
|
Common/Collective Trust
|
|
5,109
|
|
(8,154
|
)
|
|
|
$
|
26,260
|
|
$
|
(38,891
|
)
|
4. PLAN TERMINATION
Although
it has not expressed any intent to do so, the Company has the right under the
Plan to discontinue its contributions at any time and to terminate the Plan
subject to the provisions of ERISA.
In
the event of termination of the Plan, the interest of the participants or their
beneficiaries will remain fully vested and not be subject to forfeiture in
whole or in part and distributions shall be made to them in cash and/or stock
as applicable.
5. RELATED PARTY TRANSACTIONS
Certain
Plan investments are shares of common/collective trusts managed by Wells Fargo &
Co. (formerly Wachovia Bank N.A.) (Wells Fargo). Wells Fargo serves as the
custodian and recordkeeper of the Plan, and therefore, Plan transactions
involving these investment securities qualify as party-in-interest
transactions. Additionally, loans to participants qualify as party-in-interest
transactions. All of these transactions are exempt from the prohibited
transactions rules of ERISA.
The
Plan offers participants Pep Boys common stock as an investment option. These
transactions qualify as party-in-interest transactions, exempt from prohibited
transaction rules of ERISA. The Plan held 2,770,862
8
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and
2,774,921 shares of Pep Boys common stock with a current value of $23,441,000
and $11,460,000 as of December 31, 2009 and 2008, respectively.
The
Company pays all costs associated with administering the Plan, except loan
administration fees and certain investment-related fees.
Certain
administrative functions of the Plan are performed by members of the
Administrative Committee who are employees of the Company. No such
employee receives compensation from the Plan.
6. TAX STATUS
The
IRS has determined and informed the Company by a letter dated
April 30, 2002 that the Plan is designed in accordance with the applicable
sections of the Internal Revenue Code (the Code). Accordingly, the Plans
related trust is exempt from federal taxation under Section 501(a) of
the Code. Although the Plan has been amended since receiving the determination
letter, the Administrative Committee believes that the Plan is designed and is
currently being operated in compliance with the applicable requirements of the
Code. Therefore, no provision for income taxes has been included in the Plans
financial statements.
7. FAIR VALUE MEASUREMENTS
Fair
value is defined as the exit price, or the amount that would be received to
sell an asset or paid to transfer a liability in an orderly transaction between
market participants as of the measurement date. There is a hierarchy for inputs
used in measuring fair value that maximizes the use of observable inputs and
minimizes the use of unobservable inputs by requiring that the most observable
inputs be used when available. Observable inputs are inputs market participants
would use in valuing the asset or liability developed based on market data
obtained from sources independent of the Plan. Unobservable inputs are inputs
that reflect assumptions about the factors market participants would use in
valuing the asset or liability developed based upon the best information
available in the circumstances. The hierarchy is broken down into three levels.
Level 1 inputs are quoted prices (unadjusted) in active markets for identical
assets or liabilities. Level 2 inputs include quoted prices for similar assets
or liabilities in active markets. Level 3 inputs are unobservable inputs for
the asset or liability. Categorization within the valuation hierarchy is based
upon the lowest level of input that is significant to the fair value
measurement.
The
following tables provides information by level for assets that are measured at
fair value at December 31, 2009 and December 31, 2008:
|
|
Fair
Value at
December 31,
|
|
Fair
Value Measurements
Using Inputs Considered as
|
|
(dollar
amounts in thousands)
|
|
2009
|
|
Level
1
|
|
Level
2
|
|
Level
3
|
|
Investments
|
|
|
|
|
|
|
|
|
|
Mutual funds
|
|
$
|
29,367
|
|
$
|
29,367
|
|
|
|
|
|
Common collective trusts
|
|
62,252
|
|
|
|
$
|
62,252
|
|
|
|
The Pep Boys Stock Fund and Unitized Account
|
|
29,916
|
|
|
|
29,916
|
|
|
|
Participant loans
|
|
10,847
|
|
|
|
|
|
$
|
10,847
|
|
Total
|
|
$
|
132,382
|
|
$
|
29,367
|
|
$
|
92,168
|
|
$
|
10,847
|
|
|
|
Fair
Value at
December 31,
|
|
Fair
Value Measurements
Using Inputs Considered as
|
|
(dollar
amounts in thousands)
|
|
2008
|
|
Level
1
|
|
Level
2
|
|
Level
3
|
|
Investments
|
|
|
|
|
|
|
|
|
|
Mutual funds
|
|
$
|
21,179
|
|
$
|
21,179
|
|
|
|
|
|
Common collective trusts
|
|
58,992
|
|
|
|
$
|
58,992
|
|
|
|
The Pep Boys Stock Fund and Unitized Account
|
|
16,278
|
|
|
|
16,278
|
|
|
|
Participant loans
|
|
9,929
|
|
|
|
|
|
$
|
9,929
|
|
Total
|
|
$
|
106,378
|
|
$
|
21,179
|
|
$
|
75,270
|
|
$
|
9,929
|
|
9
Table
of Contents
Generally,
investments are valued based on information in financial publications of
general circulation, statistical and valuation services, records of security
exchanges, appraisal by qualified persons, transactions and bona fide offers.
The following is a description of the valuation methodologies used for the Plan
assets measured at fair value. There have been no changes in the methodologies
used at December 31, 2009 and 2008.
Mutual
funds are valued using a market approach based on quoted market prices. These
investments are classified within Level 1 of the fair value hierarchy.
Common
collective trusts are valued based upon the unit values of such collective
trust funds held by the Plan at year end. Unit values are based on the
fair value of the underlying assets of the fund derived from inputs principally
from or corroborated by observable market data by correlation or other means.
These investments are classified within Level 2 of the fair value hierarchy.
The
Pep Boys Stock Fund and Unitized Account are valued based upon the fair value
of their underlying assets derived principally from or corroborated by
observable market data by correlation or other means. These investments are
classified within Level 2 of the fair value hierarchy.
Participant
loans are recorded at cost plus accrued interest which approximates fair value.
Since participant loans are not traded on a market, and accordingly lack
observable inputs, the Plan uses discounted cash flow techniques as its
valuation methodology to determine fair value.
The
methods described above may produce a fair value calculation that may not be
indicative of the net realizable value or reflective of future fair values.
Furthermore, while the Plan believes its valuation methods are appropriate, the
use of different methodologies or assumptions to determine the fair value of
certain financial instruments could result in a different fair value
measurement at the reporting date.
The
following table presents the change in fair value for participant loans:
(dollar
amounts in thousands)
|
|
|
|
Balance, at December 31, 2008
|
|
$
|
9,929
|
|
New loans, net of collections and distributions
|
|
918
|
|
Balance, at December 31, 2009
|
|
$
|
10,847
|
|
(dollar
amounts in thousands)
|
|
|
|
Balance, at December 31, 2007
|
|
$
|
10,573
|
|
New loans, net of collections and distributions
|
|
(644
|
)
|
Balance, at December 31, 2008
|
|
$
|
9,929
|
|
8. RECONCILIATION TO THE FORM 5500
Certain
items in the Plans financial statements are treated differently for tax purposes
and reporting under the Plans Annual Return/Report of Employee Benefit Plan (Form 5500).
At December 31, 2009, the following differences exist between financial
and tax reporting:
(dollar amounts in thousands)
|
|
Form 5500
|
|
Statement
of Net
Assets Available
for Benefits
|
|
Differences
|
|
Year ended December 31, 2009
|
|
|
|
|
|
|
|
Income
|
|
$
|
38,239
|
|
$
|
38,246
|
|
$
|
7
|
(a)
|
Expense
|
|
$
|
10,156
|
|
$
|
10,142
|
|
$
|
(14
|
)(b)
|
|
|
|
|
|
|
|
|
At December 31, 2009
|
|
|
|
|
|
|
|
Net Assets
|
|
$
|
133,409
|
|
$
|
133,484
|
|
$
|
75
|
(b)
|
|
|
|
|
|
|
|
|
At December 31, 2008
|
|
|
|
|
|
|
|
Net Assets
|
|
$
|
105,325
|
|
$
|
105,380
|
|
$
|
55
|
(b)
|
10
Table of
Contents
Notes for differences
(a) contributions receivable.
(b) deemed distributions
11
Table
of Contents
THE PEP BOYS SAVINGS PLAN
FORM 5500, SCHEDULE H,
PART IV
LINE 4a SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
EIN #23-0962915, Plan #002
DECEMBER 31, 2009
Participant
Contribution
Transferred Late to Plan
|
|
Contributions
Not Corrected
|
|
Contributions
Corrected Outside
VFCP
|
|
Contributions
Pending Correction in
VFCP
|
|
Total
Fully Corrected
Under VFCP and
PTE 2002-51
|
|
$
|
49,803
|
|
|
|
|
|
|
|
$
|
49,803
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:
Contributions were transmitted to the trustee after the DOL required deposit
date. The company is calculating the interest on the delinquent contributions
and will then credit the affected participants accounts.
12
Table
of Contents
THE PEP BOYS SAVINGS PLAN
FORM 5500, SCHEDULE H,
PART IV
LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR)
EIN #23-0962915, Plan #002
DECEMBER 31, 2009
Identity of Issue
|
|
Description
|
|
Current
Value
|
|
*
|
|
RVST
Stable Capital Fund II
|
|
Common
/ Collective Trust
|
|
$
|
43,615,776
|
|
*
|
|
RVST
Equity Index Fund II
|
|
Common
/ Collective Trust
|
|
18,636,388
|
|
*
|
|
The
Pep Boys Stock Fund
|
|
Stock
Fund
|
|
23,914,507
|
|
|
|
PIMCO
Total Return Fund (Institutional Shares)
|
|
Unitized
Account
|
|
6,001,868
|
|
|
|
Fidelity
Freedom 2010 Fund
|
|
Mutual
Fund
|
|
7,672,829
|
|
|
|
Fidelity
Freedom 2020 Fund
|
|
Mutual
Fund
|
|
3,500,572
|
|
|
|
Fidelity
Freedom 2030 Fund
|
|
Mutual
Fund
|
|
3,257,549
|
|
|
|
Fidelity
Freedom 2040 Fund
|
|
Mutual
Fund
|
|
2,933,109
|
|
|
|
Fidelity
Freedom 2050 Fund
|
|
Mutual
Fund
|
|
454,796
|
|
*
|
|
RVST
Small Company Index Fund (Class R4)
|
|
Mutual
Fund
|
|
5,441,964
|
|
|
|
Templeton
Foreign Fund (Class A)
|
|
Mutual
Fund
|
|
6,106,411
|
|
*
|
|
Loans
to participants
|
|
Interest
rates of 2.00% to 10.50% maturing from 2010-2039
|
|
10,846,704
|
|
|
|
|
|
|
|
$
|
132,382,473
|
|
Participant
directed investments; cost not required to be reported.
* Indicates party-in-interest to the
plan.
13
Table of
Contents
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Trustees (or
other persons who administer the Plan) have duly caused this Annual Report to
be signed by the undersigned hereunto duly authorized.
|
THE
PEP BOYS SAVINGS PLAN
|
|
|
|
|
DATE:
June 25, 2010
|
BY:
|
/s/
Bernard K. McElroy
|
|
|
Bernard
K. McElroy
|
|
|
Chairman
|
|
|
Administrative
Committee
|
14
Table
of Contents
EXHIBITS
INDEX
(23.1)**
|
|
Consent
of Independent Registered Public Accounting Firm
|
** Filed herewith
15
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