Express 2014 Annual Report Download - page 26

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Our certificate of incorporation also contains a provision that provides us with protections similar to Section 203
of the Delaware General Corporate Law, that will prevent us from engaging in a business combination with a
person who acquires at least 15% of our common stock for a period of 3 years from the date such person acquired
such common stock, unless Board of Directors or stockholder approval is obtained prior to the acquisition. These
anti-takeover provisions and other provisions under Delaware law could discourage, delay, or prevent a
transaction involving a change in control of our company, even if doing so would benefit our stockholders. These
provisions could also discourage proxy contests and make it more difficult for you and other stockholders to elect
directors of your choosing and to cause us to take other corporate actions you desire.
ITEM 1B. UNRESOLVED STAFF COMMENTS.
None.
ITEM 2. PROPERTIES.
Home Office, Distribution Center, and Design Studio
The lease for our executive office space in Columbus, Ohio is scheduled to terminate September 30, 2017, but we
may extend the lease for a period through April 2021. The lease for our design offices in New York City expires
in July 2026.
The lease for our distribution facility is scheduled to terminate in April 2021, but may be terminated by either
party upon 36 months prior notice provided that the lease term may not end between the months of October and
February.
Stores
All of our 641 stores are leased from third parties. See “Item 1. Business—Store Locations” for further
information on the location of our stores.
We may from time to time lease new facilities or vacate existing facilities as our operations require, including in
connection with opening new stores.
ITEM 3. LEGAL PROCEEDINGS.
Information relating to legal proceedings is set forth in Note 13 to our Consolidated Financial Statements
included in “Item 8. Financial Statements and Supplementary Data” in Part II of this Annual Report on
Form 10-K and is incorporated herein by reference.
ITEM 4. MINE SAFETY DISCLOSURES.
Not applicable.
22