Plantronics 2015 Annual Report Download - page 13

PART I
This Form 10-K is filed with respect to our fiscal year 2015. Each of our fiscal years ends on the Saturday closest to the last day
of March. Fiscal year 2015 ended on March 28, 2015, fiscal year 2014 ended on March 29, 2014, and fiscal year 2013 ended on
March 30, 2013. Fiscal years 2015, 2014, and 2013 each consisted of 52 weeks. For purposes of consistent presentation, we have
indicated in this report that each fiscal year ended "March 31" of the given year, even though the actual fiscal year end may have
been on a different date.
CERTAIN FORWARD-LOOKING INFORMATION
This Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended
(the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements
may generally be identified by the use of such words as "expect," "anticipate," "believe," "intend," "predict," "project," or "will,"
or variations of such words and similar expressions are based on current expectations and entail various risks and uncertainties. Our
actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors,
including, but not limited to, the factors discussed in the subsection entitled "Risk Factors" in Item 1A of this Form 10-K. This
Form 10-K should be read in conjunction with these risk factors. We undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information, future events, or otherwise.
ITEM 1. BUSINESS
COMPANY BACKGROUND
Plantronics, Inc. (“Plantronics,” “Company,” “we,” “our,” or “us”) is a leading global designer, manufacturer, and marketer of
lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business
and consumer markets under the Plantronics brand. We operate our business as one segment.
Our headsets are communications tools providing a hands-free connection to communication or entertainment devices, while also
allowing freedom of movement for our users. We use a variety of technologies to develop high quality products that meet the
needs of our customers, whether for communications or personal entertainment. Our headsets are widely used for applications
such as Unified Communications (“UC”), in contact centers, in the office and in the home, with mobile phones and Internet
telephony, for gaming, and for other specialty applications. Our major product categories include Enterprise, which includes
corded and cordless communication headsets, audio processors, and telephone systems; and Consumer, which includes Bluetooth®
and corded products for mobile phone applications, personal computer ("PC") and gaming headsets, and specialty products marketed
for hearing impaired individuals. Our products are sold under the Plantronics and Clarity brands.
We ship our products to approximately 80 countries through a network of distributors, retailers, wireless carriers, original equipment
manufacturers (“OEMs”), and telephony service providers. We have well-developed distribution channels in North America,
Europe, and in some parts of the Asia Pacific region where use of our products is widespread. Our distribution channels in other
geographic regions are less mature, and while we primarily serve the Enterprise markets in those regions, we continue to expand
into mobile, gaming and computer audio, and specialty telephone categories in those regions and other international
locations. While not always the case, revenues from our Consumer category are typically seasonal, with the December quarter
(our third fiscal quarter) typically being the strongest.
Plantronics was founded and incorporated in 1961 and most recently became a public company in 1994. Plantronics is incorporated
in the State of Delaware and is listed on the New York Stock Exchange ("NYSE") under the ticker symbol "PLT".
Our principal executive offices are located at 345 Encinal Street, Santa Cruz, California, 95060. Our telephone number is (831)
426-5858. Our Company website is www.plantronics.com.
In the Investor Relations section of our website, we provide access free of charge, directly or through a link on our website, shortly
after they are electronically filed with or furnished to the Securities and Exchange Commission, to the following filings: our Annual
Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and all amendments to those reports filed
or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act. In addition, documents regarding our corporate governance
and the charters of the standing committees of our Board of Directors are also accessible in the Investor Relations section of our
website.
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