Rayovac 2004 Annual Report Download - page 2

WORLDWIDE
IN฀2004
R A Y O V A C ฀ I S ฀ A ฀ G L O B A L ฀ C O N S U M E R ฀ P R O D U C T S ฀ C O M P A N Y ฀ A N D ฀ O N E ฀ O F ฀
T H E ฀ L A R G E S T ฀ B A T T E R Y , ฀ L I G H T I N G ฀ A N D ฀ P E R S O N A L ฀ G R O O M I N G ฀ P R O D U C T S ฀
C O M P A N I E S ฀ I N ฀ T H E ฀ W O R L D . ฀ ฀
Rayovac฀is฀a฀global฀consumer฀products฀company฀and฀one฀
of฀ the฀ largest฀ battery,฀ lighting฀ and฀ personal฀ grooming฀
products฀ companies฀ in฀ the฀ world.฀ Through฀ a฀ diverse฀฀
and฀ growing฀ portfolio฀ of฀ world-class฀ brands—including฀
Rayovac,฀ Varta฀ and฀ Remington—Rayovac฀ holds฀ leading฀
market฀positions฀in฀a฀number฀of฀major฀product฀categories.฀
The฀Company’s฀products฀are฀sold฀by฀19฀of฀the฀world’s฀top฀
20฀ retailers,฀ and฀ they฀ are฀ available฀ in฀ over฀ one฀ million฀
stores฀ in฀ 120฀ countries฀ around฀ the฀ world.฀ Headquartered฀
in฀ Atlanta,฀ Georgia,฀ Rayovac฀ generates฀ approximately฀฀
$1.5฀ billion฀ in฀ annual฀ revenues฀ and฀ has฀ 6,500฀ employees฀
worldwide.฀The฀Company’s฀stock฀trades฀on฀the฀New฀York฀
Stock฀Exchange฀under฀the฀symbol฀ROV.
Corporate฀Information฀
฀Rayovac฀Corporation
Stock฀Exchange฀Listing
Rayovac’s฀common฀stock฀is฀listed฀on฀the฀New฀York฀Stock฀Exchange฀under฀the฀symbol฀“ROV.”฀The฀
following฀table฀sets฀forth฀the฀reported฀high฀and฀low฀prices฀per฀share฀of฀the฀common฀stock฀as฀reported฀
on฀the฀New฀York฀Stock฀Exchange฀composite฀transactions฀reporting฀system฀for฀the฀periods฀indicated:
Fiscal฀2004฀High฀ Low
Quarter฀ended฀September฀30,฀2004฀ $30.95฀ $22.63
Quarter฀ended฀June฀27,฀2004฀ $30.30฀ $23.75
Quarter฀ended฀March฀28,฀2004฀ $27.80฀ $20.00
Quarter฀ended฀December฀28,฀2003฀ $21.77฀ $14.38
Fiscal฀2003
Quarter฀ended฀September฀30,฀2003฀ $15.75฀ $12.68
Quarter฀ended฀June฀29,฀2003฀ $13.84฀ ฀฀$฀ 9.93
Quarter฀ended฀March฀30,฀2003฀ $14.49฀ $10.50
Quarter฀ended฀December฀29,฀2002฀ $16.28฀ $11.20
We฀have฀not฀declared฀or฀paid฀and฀do฀not฀anticipate฀paying฀cash฀dividends฀in฀the฀foreseeable฀future,฀
but฀intend฀to฀retain฀any฀future฀earnings฀for฀reinvestment฀in฀our฀business.฀In฀addition,฀the฀terms฀of฀
our฀credit฀facility฀restrict฀our฀ability฀to฀pay฀dividends฀to฀our฀shareholders.฀
Investor฀Relations
Inquiries฀from฀securities฀analysts฀and฀others฀seeking฀financial฀information฀should฀be฀directed฀to฀Nancy฀
O’Donnell,฀Vice฀President฀of฀Investor฀Relations,฀at฀(770)฀829-6200,฀or฀at฀[e-mail].
Additional฀Information
Shareholders฀ and฀ others฀ will฀ find฀ the฀ Company’s฀ financial฀ information,฀ news฀ releases฀ and฀ other฀
information฀on฀the฀Investor฀Relations฀section฀of฀the฀Company’s฀website฀at฀www.rayovac.com.฀There฀
is฀a฀direct฀link฀from฀the฀website฀to฀the฀Company’s฀filings฀with฀the฀Securities฀and฀Exchange฀Commis-
sion,฀including฀Forms฀10-K,฀10-Q,฀and฀8-K.฀Investors฀may฀also฀request฀information฀about฀Rayovac฀
and฀printed฀copies฀of฀documents฀released฀by฀the฀Company฀at฀[e-mail].
Forward-Looking฀Statements
This฀ annual฀ report฀ contains฀ forward-looking฀ statements฀ that฀ involve฀ risks฀ and฀ uncertainties,฀ and฀
actual฀ results฀ could฀ differ฀ materially.฀ These฀ risks฀ and฀ uncertainties฀ are฀ detailed฀ in฀ the฀ “Manage-
ment’s฀Discussion฀and฀Analysis”฀section฀in฀the฀Company’s฀Annual฀Report฀on฀Form฀10-K฀for฀the฀year฀
ended฀September฀30,฀2004,฀and฀other฀filings฀with฀the฀Securities฀and฀Exchange฀Commission.
Designed฀by฀Curran฀&฀Connors,฀Inc.฀/฀www.curran-connors.com
Board฀of฀Directors
David฀A.฀Jones฀ ฀Chairman฀and฀Chief฀Executive฀Officer
Kent฀J.฀Hussey฀ President฀and฀Chief฀Operating฀Officer
Thomas฀R.฀Shepherd฀ ฀Chairman,฀TSG฀Equity฀Partners,฀LLC฀(presiding฀
director,฀ chairperson฀ of฀ the฀ compensation฀฀
committee)
John฀S.฀Lupo฀ ฀Principal฀ in฀ the฀ consulting฀ firm฀ Renaissance฀
Partners,฀LLC,฀former฀Executive฀Vice฀President,฀
Sales฀and฀Marketing,฀Bassett฀Furniture฀Industries,฀
Inc.฀(member฀ of฀the฀compensation฀ committee฀
and฀ the฀ nominating฀ and฀ corporate฀ governance฀
committee)
Barbara฀S.฀Thomas฀ ฀Former฀ interim฀ CEO,฀ Ocean฀ Spray฀ Company,฀
former฀President,฀Warner-Lambert฀Consumer฀
Healthcare฀(chairperson฀of฀the฀nominating฀and฀
corporate฀governance฀committee฀ and฀ member฀
of฀the฀audit฀committee)
William฀P.฀Carmichael฀ ฀Former฀ Senior฀ Managing฀ Director,฀ Succession฀
Fund,฀former฀Senior฀Vice฀President฀of฀Sara฀Lee฀
Corporation฀(chairperson฀of฀the฀audit฀commit tee)
Neil฀P.฀DeFeo฀ ฀President฀and฀Chief฀Executive฀Officer฀of฀Playtex฀
Products,฀ Inc.,฀ former฀ Chairman฀ and฀ CEO฀ of฀
Remington฀Products,฀LLC
John฀D.฀Bowlin฀ ฀Former฀President฀and฀Chief฀Executive฀Officer฀of฀
Miller฀Brewing฀Company฀(member฀of฀the฀audit฀
committee฀ and฀ the฀ nominating฀ and฀ corporate฀
governance฀committee)
Executive฀Officers
David฀A.฀Jones฀ Chairman฀and฀Chief฀Executive฀Officer
Kent฀J.฀Hussey฀ President฀and฀Chief฀Operating฀Officer
Randall฀J.฀Steward฀ ฀
Executive฀Vice฀President฀and฀Chief฀Financial฀Officer
Kenneth฀V.฀Biller฀ Executive฀Vice฀President—Operations
Rémy฀E.฀Burel฀ President—Europe/ROW
Luis฀A.฀Cancio฀ President—Latin฀America
Lester฀C.฀Lee฀ President—North฀America
Paul฀G.฀Cheeseman฀ Senior฀Vice฀President—Product฀Development
Executive฀Offices
Six฀Concourse฀Parkway
Suite฀3300
Atlanta,฀GA฀30328
(770)฀829-6200
Transfer฀Agent/Shareholder฀Services
Mellon฀Investor฀Services฀LLC฀is฀the฀
transfer฀ agent฀ for฀ the฀ Company’s฀
common฀stock฀and฀ is฀responsible฀
for฀maintaining฀shareholder฀account฀
records.฀Inquiries฀regarding฀account฀
records,฀ lost฀ certificates,฀ address฀
changes฀ or฀ other฀ related฀ issues฀
should฀be฀directed฀to:
Mellon฀Investor฀Services฀LLC
85฀Challenger฀Road
Ridgefield฀Park,฀NJ฀07660
(800)฀851-9677
www.melloninvestor.com
Certifications
On฀August฀19,฀2004,฀in฀accordance฀
with฀Section฀303A.12฀of฀the฀Listed฀
Company฀Manual,฀our฀Chief฀Exec-
utive฀Officer฀certified฀to฀ the฀New฀
York฀Stock฀Exchange฀that฀ he฀ was฀
not฀ aware฀ of฀ any฀ violation฀ by฀ the฀
Company฀of฀NYSE฀corporate฀gov-
ernance฀ listing฀ standards฀ as฀ of฀
such฀date.฀In฀addition,฀on฀Decem-
ber฀14,฀2004,฀our฀Chief฀Executive฀
Officer฀and฀Chief฀Financial฀Officer฀
each฀ filed฀ a฀ certification฀ under฀
Section฀302฀of฀the฀Sarbanes-Oxley฀
Act฀ relating฀ to฀ the฀ quality฀ of฀ the฀
Company’s฀ public฀ disclosure฀ as฀
exhibits฀to฀the฀Company’s฀Annual฀
Report฀ on฀ Form฀ 10-K฀ for฀ fiscal฀
year฀2004.