Lexmark 2014 Annual Report Download - page 17

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 conducts research and development activities in various locations including Lexington, Kentucky; Boulder, Colorado;
Lenexa, Kansas; Cebu City, Philippines; Kolkata, India; Berlin, Germany and Stockholm, Sweden. Research and development
expenditures were $354 million in 2014, $287 million in 2013, and $369 million in 2012.
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, 2014, of the approximately 12,700 Lexmark employees worldwide, 3,900 are located in the U.S. and the
remaining 8,800 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 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 public may read and copy any
materials the company files with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Washington, DC 20549. The
public may obtain information on the operation of the Public Reference Room by calling the SEC at (800) SEC-0330. The SEC also
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.
Executive Officers of the Registrant
The executive officers of Lexmark and their respective ages, positions and years of service with the Company are set forth below.
Name of Individual Age Position
Years With
The Company
Paul A. Rooke …...……………………………… 56 Chairman and Chief Executive Officer 24
David Reeder …………………………………… 40 Vice President and Chief Financial Officer 0
Martin S. Canning ...……………………………. 51 Executive Vice President and President of
ISS 16
Scott T.R. Coons ……………………………….. 48 Vice President and President & Chief
Executive Officer of Perceptive Software 5
Ronaldo M. Foresti ……………………………... 62 Vice President of Asia Pacific and Latin
America 11
Jeri L. Isbell …………………………………….. 57 Vice President of Human Resources 24
Robert J. Patton ………………………………… 53 Vice President, General Counsel and
Secretary 14
Gary D Stromquist ……………………………… 59 Vice President, ISS and Corporate Finance 24
Mr. Rooke has been a Director of the Company since October 2010. Since April 2011, Mr. Rooke has been Chairman and Chief
Executive Officer of the Company. From October 2010 to April 2011, Mr. Rooke served as President and Chief Executive Officer of
the Company. From July 2007 to October 2010, Mr. Rooke served as Executive Vice President and President of the Company’s
former Imaging Solutions Division (“ISD”). From November 2002 to July 2007, Mr. Rooke served as Executive Vice President and
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