MasterCard 2013 Annual Report Download - page 36

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32
proposals favored by the other holders of the Class A common stock. In addition, because the Foundation is restricted
from selling its shares for an extended period of time, it may not have the same interest in short or medium-term
movements in our stock price as, or incentive to approve a corporate action that may be favorable to, our other
stockholders.
Item 1B. Unresolved Staff Comments
Not applicable.
Item 2. Properties
As of December 31, 2013, MasterCard and its subsidiaries owned or leased 126 commercial properties. We own our
corporate headquarters, a 472,600 square foot building located in Purchase, New York. There is no outstanding debt
on this building. Our principal technology and operations center is a 528,000 square foot leased facility located in
O'Fallon, Missouri. The term of the lease on this facility is 10 years, which commenced on March 1, 2009. Our leased
properties in the United States are located in 10 states and in the District of Columbia. We also lease and own properties
in 58 other countries. These facilities primarily consist of corporate and regional offices, as well as our operations
centers.
We believe that our facilities are suitable and adequate for the business that we currently conduct. However, we
periodically review our space requirements and may acquire or lease new space to meet the needs of our business, or
consolidate and dispose of facilities that are no longer required.
Item 3. Legal Proceedings
Refer to Notes 10 (Accrued Expenses) and 18 (Legal and Regulatory Proceedings) to the consolidated financial
statements included in Part II, Item 8.
Item 4. Mine Safety Disclosures
Not applicable.