Lexmark 2010 Annual Report Download - page 7

Forward-Looking Statements
This Annual Report on Form 10-K contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact, are forward-looking
statements. Forward-looking statements are made based upon information that is currently available
or management’s current expectations and beliefs concerning future developments and their potential
effects upon the Company, speak only as of the date hereof, and are subject to certain risks and
uncertainties. We assume no obligation to update or revise any forward-looking statements contained
or incorporated by reference herein to reflect any change in events, conditions or circumstances, or
expectations with regard thereto, on which any such forward-looking statement is based, in whole or in
part. There can be no assurance that future developments affecting the Company will be those anticipated
by management, and there are a number of factors that could adversely affect the Company’s future
operating results or cause the Company’s actual results to differ materially from the estimates or
expectations reflected in such forward-looking statements, including, without limitation, the factors set
forth under the title “Risk Factors” in Item 1A of this report. The information referred to above should be
considered by investors when reviewing any forward-looking statements contained in this report, in any of
the Company’s public filings or press releases or in any oral statements made by the Company or any of its
officers or other persons acting on its behalf. The important factors that could affect forward-looking
statements are subject to change, and the Company does not intend to update the factors set forth in the
“Risk Factors” section of this report. By means of this cautionary note, the Company intends to avail itself of
the safe harbor from liability with respect to forward-looking statements that is provided by Section 27A and
Section 21E referred to above.
Part I
Item 1. BUSINESS
General
Lexmark International, Inc., (“Lexmark” or the “Company”) is a Delaware corporation and the surviving
company of a merger between itself and its former parent holding company, Lexmark International Group,
Inc., (“Group”) consummated on July 1, 2000. Group was formed in July 1990 in connection with the
acquisition of IBM Information Products Corporation from International Business Machines Corporation
(“IBM”). The acquisition was completed in March 1991. On November 15, 1995, Group completed its initial
public offering of Class A Common Stock and Lexmark now trades on the New York Stock Exchange under
the symbol “LXK.”
Lexmark makes it easier for businesses of all sizes to move and manage information between the paper
and digital worlds. Since its inception in 1991, Lexmark has become a leading developer, manufacturer
and supplier of printing, imaging, document workflow, and content management solutions for the office.
The Company operates in the office imaging and enterprise content management (“ECM”) markets.
Lexmark’s products include laser printers, inkjet printers, multifunction devices, dot matrix printers and
associated supplies, solutions and services, and ECM software solutions and services. Lexmark develops
and owns most of the technology for its laser and inkjet products, software related to managed print
services, and ECM solutions. The Company acquired Perceptive Software, Inc. (“Perceptive Software”), a
leading provider of ECM software and document workflow solutions, in the second quarter of 2010. The
acquisition builds upon and strengthens Lexmark’s industry workflow solutions and allows the Company to
compete in the faster growing ECM and document-process automation software solutions markets.
In the fourth quarter of 2010, Lexmark combined its laser and inkjet printing divisions into a single
organization in order to enable the Company to more easily execute its strategy of targeting and capturing
higher usage business segments of the output marketplace and to further unify its sales, marketing, and
research and development of new products and services. As a result of this action, the Company is
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