Memorex 2013 Annual Report Download - page 11

Employees
At December 31, 2013, we employed approximately 940 people worldwide, with approximately 370 employed in the
United States and approximately 570 employed internationally.
Environmental Matters
Our operations are subject to a wide range of federal, state and local environmental laws. Environmental remediation
costs are accrued when a probable liability has been determined and the amount of such liability has been reasonably
estimated. These accruals are reviewed periodically as remediation and investigatory activities proceed and are adjusted
accordingly. Compliance with environmental regulations has not had a material adverse effect on our financial results. As of
December 31, 2013, we had environmental-related accruals totaling $0.2 million and we have minor remedial activities
underway at one of our prior manufacturing facilities. We believe that our accruals are adequate, though there can be no
assurance that the amount of expense relating to remedial actions and compliance with applicable environmental laws will not
materially exceed the amounts reflected in our accruals.
International Operations
Approximately 59 percent of our total 2013 revenue came from sales outside the United States, primarily through
subsidiaries, sales offices, distributors, VARs and relationships with OEMs throughout Europe, Asia, Latin America and
Canada. We do not own any manufacturing facilities. See Note 14 — Business Segment Information and Geographic Data in
our Notes to Consolidated Financial Statements for further information on our international operations.
As discussed under Risk Factors in Item 1A of this Form 10-K, our international operations are subject to various risks
and uncertainties that are not present in our domestic operations.
Executive Officers of the Registrant
Information regarding our executive officers, as defined under Section 16 of the Securities Exchange Act of 1934
(Exchange Act), as of March 13, 2014 is set forth below:
Gregory J. Bosler, age 52, is Senior Vice President and Group President, Consumer Storage and Accessories. From
October 2010 to December 2012, he was Senior Vice President of Global Business Management. From May 2010 to October
2010 he was Vice President, Americas, and from January 2009 to April 2010 he was Vice President, Americas Consumer.
Prior to joining Imation in January 2009, he was with TTE Corporation, a global consumer electronics manufacturer, where he
held the position of Executive Vice President, North America Business Center from August 2004 until February 2008. Prior to
that, Mr. Bosler held a series of senior sales and general management positions at Thomson Inc., Pioneer Electronics (USA)
and Duracell Inc.
John P. Breedlove, age 56, is Vice President, General Counsel and Corporate Secretary, a position he has held since
May 2011. Prior to joining Imation, from July 1993 to May 2011, he served as Vice President of business law and various
other positions at Supervalu Inc., a food wholesale and retail company and logistics provider. Prior to that role, Mr. Breedlove
was an attorney with the law offices of Dorsey & Whitney, Minneapolis, and Graham & James, San Francisco.
Mark E. Lucas, age 59, is President, Chief Executive Officer and a member of our Board of Directors, positions he has
held since May 2010. He was President and Chief Operating Officer from March 2009 through May 2010. Prior to joining
Imation, he served as Chairman and Chief Executive Officer of Geneva Watch Group, a privately held company that is a
leading designer, manufacturer and distributor of watches under both its own brand and licensed brands, from November
2005 to August 2008. Prior to that role, Mr. Lucas served as President and Chief Executive Officer of Altec Lansing
Technologies, a manufacturer of consumer audio equipment from June 2001 to August 2005. Mr. Lucas was a member of the
Board of Directors of Imation from April 2007 to February 2009 and served as a member of the Company’s Audit and Finance
Committee and Compensation Committee.
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