Columbia Sportswear 2014 Annual Report Download - page 25

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21
Four related shareholders, Timothy Boyle, Gertrude Boyle, Sarah Bany and Joseph Boyle, 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 four 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 (1)
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 Facility: Cambrai, France (1 location)—owned
London, Ontario (1 location)—owned
—————
(1) Lease expires in June 2020
In addition, as of December 31, 2014, we leased approximately 300 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 14 of Notes to Consolidated Financial Statements for further lease-related
disclosures.
Item 3. LEGAL PROCEEDINGS
We are involved in litigation and various legal matters arising in the normal course of business, including matters
related to employment, retail, intellectual property, contractual agreements and various regulatory compliance activities.
We have considered facts related to legal and regulatory matters and opinions of counsel handling these matters, and do not
believe the ultimate resolution of these proceedings will have a material adverse effect on our 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.