Lexmark 2015 Annual Report Download - page 17

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13
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; Cebu
City, Philippines; Lenexa, Kansas; Irvine, California; Kolkata, India; Hyderabad, India; St. Petersburg, Russia; and Hanoi, Vietnam.
Research and development expenditures were $332 million in 2015, $354 million in 2014, and $287 million in 2013.
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, 2015, of the approximately 14,000 Lexmark employees worldwide, 4,300 are located in the U.S. and the
remaining 9,700 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. Certain employees in Austria, 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 …...………………………………
57
Chairman and Chief Executive Officer
25
David Reeder ……………………………………
41
Vice President and Chief Financial Officer
1
Martin S. Canning ...…………………………….
52
Executive Vice President and President of
ISS
17
Reynolds C. Bish….……………………………..
63
Vice President and President, Lexmark
Enterprise Software
1
Ronaldo M. Foresti ……………………………...
63
Vice President of Asia Pacific and Latin
America
12
Jeri L. Isbell ……………………………………..
58
Vice President of Human Resources
25
Robert J. Patton …………………………………
54
Vice President, General Counsel and
Secretary
15
Gary D Stromquist ………………………………
60
Vice President, ISS Finance
25
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