Lexmark 2011 Annual Report Download - page 20
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Research and Development
Lexmark’s research and development efforts focus on technologies associated with laser printing, inkjet
printing, connectivity, document management, ECM software, BPM software, DOM software, and other
customer facing solutions. Lexmark also develops related applications and tools that enable the
Company to efficiently provide a broad range of services. Lexmark is also actively engaged in the design
and development of enhancements to its existing products that increase the performance, improve ease
of use and lower production costs. In the case of certain products, the Company may elect to purchase
products or key components from third-party suppliers rather than develop them internally.
Lexmark’s primary research and development activities are conducted in Lexington, Kentucky;
Boulder, Colorado; Shawnee, Kansas; Cebu City, Philippines; Kolkata, India; Apeldoorn, Netherlands;
and Neckarsulm, Germany. Research and development expenditures were $375 million in 2011,
$369 million in 2010, and $375 million in 2009.
The process of developing new products is complex and requires innovative designs that anticipate
customer needs and technological trends. The Company must make strategic decisions from time to
time as to which technologies will produce products and solutions in market sectors that will experience
the greatest future growth. There can be no assurance that the Company can develop the more
technologically-advanced products required to remain competitive.
Employees
As of December 31, 2011, of the approximately 13,300 employees worldwide, 3,900 are located in the
U.S. and the remaining 9,400 are located in Europe, Canada, Latin America, Asia Pacific, the Middle
East and Africa. None of the U.S. employees are represented by a union. Employees in France and
certain employees in the Netherlands are represented by a Statutory Works Council.
Available Information
Lexmark makes available, free of charge, electronic access to all documents (including annual reports
on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to
those reports, as well as any beneficial ownership filings) filed with or furnished to the Securities and
Exchange Commission (“SEC” or the “Commission”) by the Company on its website at
http://investor.lexmark.com as soon as reasonably practicable after such documents are filed. The
Company also posts all required XBRL exhibits to its corporate web site on the same calendar day as
the date of the related filing. The SEC maintains an Internet site that contains reports, proxy and
information statements, and other information regarding issuers that file electronically with the SEC at
www.sec.gov.
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