Sears 2008 Annual Report Download - page 13

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In August 2007, Sears Canada sold its headquarters office building and adjacent land in Toronto, Ontario.
Sears Canada is currently leasing back the property under a leaseback agreement for a period up to 36 months,
and incurring its current level of occupancy costs, until it relocates all head office operations to currently
underutilized space in the Toronto Eaton Centre, Ontario. See Note 12 to our Consolidated Financial Statements
for further information on this transaction.
A description of our leasing arrangements and commitments appears in Note 15 of Notes to Consolidated
Financial Statements.
Item 3. Legal Proceedings
Item 103 of SEC Regulation S-K requires that we disclose legal proceedings to which the Company and a
governmental authority is a party and that arise under laws dealing with the discharge of materials into the
environment or the protection of the environment, if the proceeding reasonably involves potential monetary
sanctions of $100,000 or more. Disclosure also is required as to any such proceedings known by us to be
contemplated by governmental authorities. In that connection, we note that we have received an administrative
subpoena from the District Attorney of the County of Ventura, California, seeking information and documents
primarily concerning our handling of hazardous waste in Ventura County and in California generally. The parties
are currently negotiating toward a resolution of this matter.
See Part II, Item 8, “Financial Statements —Notes to Consolidated Financial Statements,” Note 10—
”Bankruptcy Claims Resolution and Settlements,” and Note 19—”Legal Proceedings,” for additional information
regarding legal proceedings, which information is incorporated herein by this reference.
Item 4. Submission of Matters to a Vote of Security Holders
None.
EXECUTIVE OFFICERS OF THE REGISTRANT
The following table and information sets forth the names of our executive officers, their current positions
and offices with the Company, the date they first became executive officers of the Company, their current ages,
and their principal employment during the past five years.
Name Position
Date First
Became
an
Executive
Officer Age
W. Bruce Johnson Interim Chief Executive Officer and President 2005* 57
William C. Crowley Executive Vice President, Chief Administrative Officer 2005* 51
Scott J. Freidheim Executive Vice President, Operating and Support Businesses 2009 43
Kevin R. Holt Executive Vice President, Store Operations 2008 50
Michael D. Collins Senior Vice President and Chief Financial Officer 2008 45
Richard E. Gerstein Senior Vice President, Marketing 2008 43
William R. Harker Senior Vice President, Human Resources, General Counsel and
Corporate Secretary 2006 36
James P. Mixon Senior Vice President, Supply Chain and Operations 2008 64
William K. Phelan Senior Vice President, Controller and Chief Accounting Officer 2005* 46
Stuart C. Reed Senior Vice President and President, Home Services 2008 47
* Became an executive officer of Holdings upon the completion of the Merger on March 24, 2005.
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