Digital River 2007 Annual Report Download - page 7

Board of Directors
Joel A. Ronning
Chief Executive Officer
Chairman of the Board
Director since 1994
Thomas F. Madison (1, 2, 3, 4)
Director since 1996
William J. Lansing (3, 4, 5)
Director since 1998
Frederic M. Seegal (3, 4, 5)
Director since 2000
Perry W. Steiner (2, 4)
Director since 1998
J. Paul Thorin (2, 4)
Director since 1996
(1) Lead Director
(2) Audit Committee
(3) Compensation Committee
(4) Corporate Governance and
Nominating Committee
(5) Finance Committee
Executive Officers
Joel A. Ronning
Chief Executive Officer
Thomas M. Donnelly
Chief Financial Officer
Kevin L. Crudden
Vice President and
General Counsel
Corporate Headquarters
9625 West 76th Street
Eden Prairie, MN 55344
Market Listing
Nasdaq Global Select Market
Symbol: DRIV
Transfer Agent and Registrar
Wells Fargo Shareowner Services
161 North Concord Exchange
South St. Paul, MN 55075
800.468.9716
Independent Auditors
Ernst & Young LLP
Minneapolis, MN
Form 10-K
Additional information constituting
part of this 2007 Annual Report is
contained in the Company’s Annual
Report on Form 10-K for the year
ended December 31, 2007, as filed
with the Securities and Exchange
Commission, a copy of which is
included herewith. Additional copies
of the Form 10-K may be obtained
without charge upon written request
to Investor Relations at the corporate
address or emailing
[e-mail].
Annual Meeting
The Company’s Annual Meeting
of stockholders will be held at
3:30 p.m. local time on Thursday, May
29, 2008 at the Company’s corporate
headquarters at 9625 West 76th
Street, Eden Prairie, MN 55344.
Shareholders
As of April 2, 2008, the Company
had 340 shareholders of record.
(This does not include beneficial
owners whose stock is held in street
name by brokerage houses.)
Dividends
The Company has never declared
or paid any cash dividends on
its Common Stock. The Board of
Directors currently intends to retain
any future earnings to support
operations and to finance the
growth and development of the
Company’s business and does not
anticipate paying cash dividends
for the foreseeable future.
Common Stock Information
The Company’s Common Stock
has traded on the Nasdaq National
Market under the symbol DRIV
since August 11, 1998. Prior to
that date, there was no public
market for Digital River Common
Stock. The quotations set forth
below reflect the high, low and
closing prices for the Company’s
Common Stock on the Nasdaq
National Market for each of the
identified periods.
Investor Relations
Ed Merritt
Vice President, Investor Relations
[e-mail]
952.253.1234
Forward-Looking Statements
In addition to the historical
information contained herein, this
report contains forward-looking
statements, including statements
regarding the Company’s anticipated
future growth, including future
financial performance, as well as
statements containing the words
“anticipates,” “believes,” “plans,”
“will,” or “expects” and similar
words. Such forward-looking
statements involve known and
unknown risks, uncertainties and
other factors, which may cause
the actual results, performance
or achievements of the Company,
or industry results, to differ
materially from those expressed or
implied by such forward-looking
statements. Such factors include,
among others: the Company’s
limited operating history and
variability of operating results;
competition in the e-commerce
market; challenges associated with
international expansion; potential
consequences surrounding findings
of our internal investigation,
investigation by a committee of our
independent directors and informal
SEC inquiry into our stock option
granting practices; any potential
civil litigation relating to our stock
option granting practices; our ability
to successfully manage our business
while undertaking significant
internal investments; and other risk
factors referenced in the Company’s
public filings with the Securities and
Exchange Commission, including the
Annual Report on Form 10-K for the
year ended December 31, 2007.
2007 High Low Close
Q1 $58.67 $47.80 $55.25
Q2 60.30 43.70 45.25
Q3 49.71 41.71 44.75
Q4 53.52 32.38 33.07
2006 High Low Close
Q1 $46.08 $29.27 $43.61
Q2 48.00 37.00 40.39
Q3 53.21 37.90 51.12
Q4 60.99 48.20 55.79