CompUSA 2008 Annual Report Download - page 45

10
Available Information
We maintain an internet website at www.systemax.com. We file reports with the Securities and Exchange
Commission and make available free of charge on or through this web site our annual reports on Form 10-
K, quarterly reports on Form 10-Q and current reports on Form 8-K, including all amendments to those
reports. These are available as soon as is reasonably practicable after they are filed with the SEC. All
reports mentioned above are also available from the SEC’ s web site (www.sec.gov). The information on
our web site is not part of this or any other report we file with, or furnish to, the SEC.
Our Board of Directors has adopted the following corporate governance documents with respect to the
Company (the “Corporate Governance Documents”):
Corporate Ethics Policy for officers, directors and employees
Charter for the Audit Committee of the Board of Directors
Charter for the Compensation Committee of the Board of Directors
Charter for the Nominating/Corporate Governance Committee of the Board of Directors
Corporate Governance Guidelines and Principles
In accordance with the listing standards of the New York Stock Exchange, each of the Corporate
Governance Documents is available on our Company web site (www.systemax.com) and can be obtained
upon request by writing to Systemax Inc., Attention: Board of Directors (Corporate Governance), 11
Harbor Park Drive, Port Washington, NY 11050.
Item 1A. Risk Factors.
There are a number of factors and variables described below that may affect our future results of
operations and financial condition. Other factors of which we are currently not aware or that we currently
deem immaterial may also affect our results of operations and financial position.
Risks Related to the Economy and Our Industries
Economic conditions have affected and could continue to adversely affect our revenues and
profits.
Current economic conditions may cause the loss of consumer confidence in the Company’ s
markets which may result in a decrease of spending in the categories of products we sell. It is
also possible that as manufacturers react to the marketplace they may reduce manufacturing
capacity, creating shortages of product. Both we and our customers are subject to global
political, economic and market conditions, including inflation, interest rates, energy costs, the
impact of natural disasters, military action and the threat of terrorism. Our consolidated results
of operations are directly affected by economic conditions in North America and Europe. We
may experience a decline in sales as a result of poor economic conditions and the lack of
visibility relating to future orders. Our results of operations depend upon, among other things,
our ability to maintain and increase sales volumes with existing customers, our ability to attract
new customers and the financial condition of our customers. A decline in the economy that
adversely affects our customers, causing them to limit or defer their spending, would likely
adversely affect us as well. We cannot predict with any certainty whether we will be able to
maintain or improve upon historical sales volumes with existing customers, or whether we will
be able to attract new customers.
In response to economic and market conditions, from time to time we have undertaken
initiatives to reduce our cost structure where appropriate. These initiatives, as well as any future
workforce and facilities reductions, may not be sufficient to meet current and future changes in
economic and market conditions and allow us to continue to achieve the growth rates and levels
of profitability we have recently experienced. In addition, costs actually incurred in connection