Saks Fifth Avenue 2009 Annual Report Download - page 17

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Table of Contents
The name, current position held and place of employment for each of the directors of the Company are set forth below.
Name Current Position and Place of Employment
Robert B. Carter Executive Vice President, FedEx Information Systems and Chief Information Officer, FedEx Corporation
Ronald de Waal Chairman, WE International, B.V.
Michael S. Gross Chairman, Chief Executive Officer and Managing Member, Solar Capital LLC
Donald E. Hess Chief Executive Officer, Southwood Partners
Marguerite W. Kondracke President and Chief Executive Officer, America’s Promise – The Alliance for Youth
Jerry W. Levin Chairman, JW Levin Partners LLC and Chairman and Chief Executive Officer, Wilton Brands Inc.
Nora P. McAniff
Treasurer and Member of the Executive Committee, Social Venture Partners of Santa Barbara and formerly, Chief
Operating Officer, Time, Inc.
C. Warren Neel
Executive Director, Center for Corporate Governance at the University of Tennessee, Knoxville and Interim
President, Lincoln Memorial University
Christopher J. Stadler Managing Partner, CVC Capital Partners
Stephen I. Sadove Chairman of the Board and Chief Executive Officer, Saks Incorporated
Item 2. Properties.
The Company currently operates two principal distribution facilities as follows:
Company Stores Served Location of Facility Square Feet Owned/Leased
SFA, OFF 5TH and Saks Direct Aberdeen, Maryland 514,000 Leased
SFA and OFF 5TH Ontario, California 120,000 Leased
The Company’s principal administrative offices are as follows:
Office Location of Facility Square Feet Owned/Leased
Corporate Operations Center Jackson, Mississippi 272,000 Owned
Corporate Office Headquarters and SFA Offices New York, New York 298,000 Leased
The majority of the SFA stores and one OFF 5TH store are owned or owned buildings on leased land. All other SFA and OFF 5TH stores are leased. Store
leases generally require the Company to pay a fixed minimum rent and a variable amount based on a percentage of annual sales at that location. Generally, the
Company is responsible under its store leases for a portion of mall promotion and common area maintenance expenses and for certain utility, property tax, and
insurance expenses. Generally, store leases have initial terms ranging from 20 to 30 years and include renewal options ranging from 5 to 20 years. OFF 5TH
leases typically have shorter terms.
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Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠