Columbia Sportswear 2012 Annual Report Download - page 23

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19
The price of our common stock has fluctuated substantially since our initial public offering. Our common stock is
traded on the NASDAQ Global Select Market. Factors such as general market conditions, fluctuations in financial results,
variances from financial market expectations, changes in earnings estimates or recommendations by analysts, or
announcements by us or our competitors may cause the market price of our common stock to fluctuate, perhaps substantially.
Insiders Control a Majority of Our Common Stock and May Sell Shares
Three related shareholders, Timothy Boyle, Gertrude Boyle and Sarah Bany, beneficially own a majority of our
common stock. As a result, if acting together, they can effectively control matters requiring shareholder approval without
the cooperation of other shareholders. Shares held by these three insiders are available for resale, subject to the requirements
of, and the rules under, the Securities Act of 1933 and the Securities Exchange Act of 1934. The sale or the prospect of the
sale of a substantial number of these shares may have an adverse effect on the market price of our common stock.
Item 1B. UNRESOLVED STAFF COMMENTS
None.
Item 2. PROPERTIES
Following is a summary of principal properties owned or leased by us:
Corporate Headquarters: Europe Headquarters:
Portland, Oregon (1 location)—owned Geneva, Switzerland (1 location)—leased (3)
U.S. Distribution Facilities: Europe Administrative Operation:
Portland, Oregon (1 location)—owned Strasbourg, France (1 location)—owned
Robards, Kentucky (1 location)—owned Europe Distribution Facility:
Canadian Operation and Distribution Facilities: Cambrai, France (1 location)—owned
Strathroy, Ontario (1 location)—leased (1)
London, Ontario (1 location)—owned (2)
—————
(1) Lease expires in June 2014.
(2) Acquired December 2011 for future Canadian headquarters and distribution.
(3) Lease expires in June 2020.
In addition, as of December 31, 2012, we leased approximately 150 locations globally for the operation of our branded
and outlet retail stores. We also have several leases globally for office space, warehouse facilities, storage space, vehicles
and equipment, among other things. See Note 13 of Notes to Consolidated Financial Statements for further lease-related
disclosures.
Item 3. LEGAL PROCEEDINGS
The Company is involved in litigation and various legal matters arising in the normal course of business, including
matters related to employment, retail, intellectual property and various regulatory compliance activities. The Company has
considered facts related to legal and regulatory matters and opinions of counsel handling these matters, and does not believe
the ultimate resolution of these proceedings will have a material adverse effect on the Company’s financial position, results
of operations or cash flows.
Item 4. MINE SAFETY DISCLOSURES
Not applicable.
Item 4A. EXECUTIVE OFFICERS AND KEY EMPLOYEES OF THE REGISTRANT
The following table sets forth information about our executive officers and certain key employees. All information
is as of the date of the filing of this report.