Chili's 2012 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2012 Chili's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

The majority of our team members, outside of restaurant management and restaurant support center
personnel, are paid on an hourly basis. We stand firm in the belief that we provide competitive working
conditions and wages favorable with other companies in our industry. Our team members are not covered by any
collective bargaining agreements.
Trademarks
We have registered and/or have pending, among other marks, “Brinker International”, “Chili’s”, “Chili’s
Bar & Bites”, “Chili’s Margarita Bar”, “Chili’s Southwest Grill & Bar”, “Chili’s Too”, “Maggiano’s”, and
“Maggiano’s Little Italy”, as trademarks with the United States Patent and Trademark Office.
Available Information
We maintain an internet website with the address of http://www.brinker.com. You may obtain, free of
charge, at our website, copies of our reports filed with, or furnished to, the Securities and Exchange Commission
(the “SEC”) on Forms 10-K, 10-Q and 8-K. Any amendments to such reports are also available for viewing and
copying at our internet website. These reports will be available as soon as reasonably practicable after filing such
material with, or furnishing it to, the SEC. In addition, you may view and obtain, free of charge, at our website,
copies of our corporate governance materials, including, Corporate Governance Guidelines, Governance and
Nominating Committee Charter, Audit Committee Charter, Compensation Committee Charter, Executive
Committee Charter, Code of Conduct and Ethical Business Policy, and Problem Resolution Procedure/Whistle
Blower Policy.
Item 1A. RISK FACTORS.
We wish to caution you that our business and operations are subject to a number of risks and uncertainties.
The factors listed below are important factors that could cause actual results to differ materially from our
historical results and from those projected in forward-looking statements contained in this report, in our other
filings with the SEC, in our news releases, written or electronic communications, and verbal statements by our
representatives.
You should be aware that forward-looking statements involve risks and uncertainties. These risks and
uncertainties may cause our or our industry’s actual results, performance or achievements to be materially
different from any future results, performances or achievements contained in or implied by these forward-looking
statements. Forward-looking statements are generally accompanied by words like “believes,” “anticipates,”
“estimates,” “predicts,” “expects,” and other similar expressions that convey uncertainty about future events or
outcomes. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.
Risks Related to Our Business
Competition may adversely affect our operations and financial results.
The restaurant business is highly competitive as to price, service, restaurant location, nutritional and dietary
trends and food quality, and is often affected by changes in consumer tastes, economic conditions, population and
traffic patterns. We compete within each market with locally-owned restaurants as well as national and regional
restaurant chains, some of which operate more restaurants and have greater financial resources and longer
operating histories than ours. Despite a weak U.S. employment market, there is active competition for quality
management personnel and hourly team members. We continue to face competition as a result of the trend
toward convergence in grocery, deli and restaurant services, including the offering by the grocery industry of
convenient meals in the form of improved entrees and side dishes, as well as the trend in quick service and fast
casual restaurants toward higher quality food and beverage offerings. We compete primarily on the quality,
variety and value perception of menu items, as well as the quality and efficiency of service, the attractiveness of
facilities and the effectiveness of advertising and marketing programs.
8