If you wish to speak or ask a question during the time allotted after the CEO's business update, please raise your hand. After you're recognized, kindly stand and once a microphone is brought to you, give us your name, address and state whether you're an individual stockholder, proxy holder or representative of an organization holding shares. Please note that only 1 representative will be allowed to speak on behalf of a stockholder.Stockholder questions or remarks must be addressed to the CEO or the Chairman and must be relevant to the meeting, pertinent to the matters properly before the meeting, not repetitions of a prior question or remark and stated briefly within a time limit of 2 minutes. This meeting is not to be used as a form to present general economic, political or other views that are not directly related to the business of the company. Individual matters not of concern to stockholders generally, such as employee or retiree issues, product complaints, et cetera, can be dressed with one of our representatives here at the meeting, and we'll be happy to direct you to them after the meeting. Please permit each speaker to conclude his or her remarks without interruption. The Chairman or CEO will stop speakers when they are out of order. Use of cameras, sound recording equipment, communication devices or other similar equipment is prohibited without the express written permission of the company. The Chairman will have the authority necessary to preside over the meeting and make any and all determinations with respect to the conduct of the meeting and the procedures to be followed during the meeting. Upon violation of these rules, the Chairman or CEO will give a warning and if the violation persists or if there's a second valuation, it will be considered a cause for expulsion from the meeting.
If you can put the Safe Harbor slide up. Even though we're not presenting a financial report in conjunction with this meeting, we are going to have a question-and-answer session, and our Chief Financial Officer, Sherry Smith, is available for questions. Therefore, we want to make it clear that portions of this meeting could be subject and should be considered subject to the Safe Harbor Statement above. I'm not going to read it for you, but it's here for you, and just know that any and all answers that we give or portions of our CEO's report are subject to and provided in conjunction with the Safe Harbor Statement.With that, I'd like to turn the meeting over to our Non-executive Chairman, Mr. Wayne Sales. Wayne C. Sales Thank you, Todd. Good morning, and I'd like to welcome each of you to our 2012 Annual Meeting of Stockholders. It is a pleasure to see so many of you here this morning. I'm Wayne Sales, the Non-executive Chairman. And in accordance with the bylaws of the corporation, I will chair the meeting this morning. We'd like to have our annual meeting out of our headquarters in Eden Prairie from time to time, and I'm very proud this year to be in St. Louis where we have such a strong connection through our Save-A-Lot headquarters, our Save-A-Lot stores and then, of course, our Shop 'n Save headquarters and stores as well. First, I would like to introduce each of our directors in attendance. And before I do that, I'd like to personally thank each and every one of you for the job that you do in terms of your role as a director of this corporation. So I'd ask that you stand and be recognized as I call your name. First, Irwin S. Cohen, was retired partner of Deloitte & Touche LLP; Ronald E. Daly, former Chief Executive Officer of Océ-US Holdings, Inc.; Susan E. Engel, Chief Executive Officer of Portero Luxury, Inc.; Philip L. Francis, retired Executive Chairman of PetSmart, Inc.; Edwin C. Gage, Chairman, Group LLC of Gage Marketing; Matthew E. Rubel, Senior Advisor, CPG Capital; Kathi P. Seifert, former Executive Vice President for Kimberly Clark Corporation. Read the rest of this transcript for free on seekingalpha.com