MoneyGram 2009 Annual Report Download - page 13

Table of Contents
Theodore L. Hill, age 47, has served as Senior Vice President, Global Services and General Manager, Financial Paper Products since
February 2010. From 2008 to February 2010, Mr. Hill served as Vice President, Global Services and General Manager, Financial Paper
Products. From 2007 to 2008, Mr. Hill served as Vice President, Global Services and from 2000 to 2007 served as Vice President,
Customer Setup and Support. Mr. Hill had served as Senior Director, Customer Setup and Support from 1999 to 2000, Director, Global
Client Services from 1995 to 1999 and Manager, Control Operations from 1989 to 1995. From 1984 to 1989, Mr. Hill was with Sears,
Roebuck & Co.
Daniel J. O'Malley, age 45, has served as Executive Vice President of the Americas since December 2009. From April 2007 to December
2009, Mr. O'Malley served as Senior Vice President, Global Payment Systems/President Americas. Mr. O'Malley previously served as
Vice President, Global Payment Systems/Americas from April 2003 to April 2007, Vice President, Customer Service from June 1999 to
April 2003, Director, Operations from 1996 to 1999, Regulatory Project Manager from 1995 to 1996, Manager of the Southeast
Processing Center from 1989 to 1995 and Coordinator of the Southeast Processing Center from 1988 to 1989. Prior to joining the
Company, Mr. O'Malley held various operations positions at NCNB National Bank and Southeast Bank N.A. from 1983 to 1988.
Steven Piano, age 44, has served as Executive Vice President, Human Resources since August 2009. From January 2008 to August 2009,
Mr. Piano served as Global Lead Human Resource Partner with National Grid, a multi-national utility company. From 1996 to January
2008, Mr. Piano held a variety of human resources positions with First Data Corporation, a global electronic payment processing
company, serving most recently as Senior Vice President — First Data International. From 1987 to 1996, Mr. Piano held human
resources positions with Citibank, Dun & Bradstreet — Nielsen Media Research and Lehman Brothers.
Available Information
Our principal executive offices are located at 1550 Utica Avenue South, Minneapolis, Minnesota 55416 and our telephone number is
[phone]. Our website address is www.moneygram.com. We make our reports on Forms 10-K, 10-Q and 8-K, Section 16 reports
on Forms 3, 4 and 5, and all amendments to those reports, available electronically free of charge in the Investor Relations section of our
website as soon as reasonably practicable after they are filed with or furnished to the Securities and Exchange Commission (the "SEC").
Item 1A. RISK FACTORS
Various risks and uncertainties could affect our business. Any of the risks described below or elsewhere in this Annual Report on
Form 10-K or our other filings with the SEC could have a material impact on our business, financial condition or results of operations.
RISK FACTORS
Our increased debt service, significant debt covenant requirements and our credit rating could impair our financial condition and
adversely affect our ability to operate and grow our business.
We have substantial debt service obligations. Our indebtedness could adversely affect our ability to operate our business and could have
an adverse impact on our stockholders, including:
• our ability to obtain additional financing in the future may be impaired;
• a significant portion of our cash flow from operations must be dedicated to the payment of interest and principal on our debt, which
reduces the funds available to us for our operations, acquisitions, product development or other corporate initiatives;
• our debt agreements contain financial and restrictive covenants which could significantly impact our ability to operate our business
and any failure to comply with them may result in an event of default, which could have a material adverse effect on us;
• our level of indebtedness increases our vulnerability to general economic downturns and adverse industry conditions;
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