Panera Bread 2007 Annual Report Download - page 91

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Control — Integrated Framework. Based on its assessment, management has concluded that, as of December 25,
2007, the Company’s internal control over financial reporting was effective to provide reasonable assurance based
on those criteria. The scope of management’s assessment of the effectiveness of internal control over financial
reporting includes all of the Company’s consolidated operations except for the acquired operations of Paradise
Bakery & Café, Inc. (“Paradise”), which the Company acquired on February 1, 2007. The Company’s consolidated
net sales for the fiscal year ended December 25, 2007 were $1,066.7 million, of which the acquired Paradise
operations represented $41.7 million, or 3.9 percent. The Company’s consolidated total assets as of December 25,
2007 were $698.8 million, of which assets associated with the acquired Paradise operations represented approx-
imately $40.0 million, or 5.7 percent.
ITEM 9B. OTHER INFORMATION
None.
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Incorporated by reference from the information in the Company’s proxy statement for the 2008 Annual
Meeting of Stockholders, which the Company will file with the Securities and Exchange Commission within
120 days of the end of the fiscal year to which this report relates.
The Company has adopted a code of ethics, called the Standards of Business Conduct that applies to its
officers, including its principal executive, financial and accounting officers, and its directors and employees. The
Company has posted the Standards of Business Conduct on its Internet website at www.panerabread.com under the
“Financial Reports” section of the “About Us — Investor Relations” webpage. The Company intends to make all
required disclosures concerning any amendments to, or waivers from, the Standards of Business Conduct on its
Internet website.
ITEM 11. EXECUTIVE COMPENSATION
Incorporated by reference from the information in the Company’s proxy statement for the 2008 Annual
Meeting of Stockholders, which the Company will file with the Securities and Exchange Commission within
120 days of the end of the fiscal year to which this report relates.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
AND RELATED STOCKHOLDER MATTERS
Incorporated by reference from the information in the Company’s proxy statement for the 2008 Annual
Meeting of Stockholders, which the Company will file with the Securities and Exchange Commission within
120 days of the end of the fiscal year to which this report relates.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE
Incorporated by reference from the information in the Company’s proxy statement for the 2008 Annual
Meeting of Stockholders, which the Company will file with the Securities and Exchange Commission within
120 days of the end of the fiscal year to which this report relates.
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Incorporated by reference from the information in the Company’s proxy statement for the 2008 Annual
Meeting of Stockholders, which the Company will file with the Securities and Exchange Commission within
120 days of the end of the fiscal year to which this report relates.
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