WeightWatchers 2005 Annual Report Download - page 74

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Subsequently, on December 16, 2005 WeightWatchers.com redeemed all of its outstanding common
stock held by Artal for a total price of approximately $304.8 million. WeightWatchers.com used cash on
hand and the proceeds of the WW.com Credit Facilities in the aggregate amount of $215.0 million to
finance this redemption as well as pay related fees and expenses. As a result of this redemption, we
now own 100% of WeightWatchers.com.
The transactions described above relating to WeightWatchers.com were evaluated, negotiated and
recommended by a Special Committee of Weight Watchers International’s Board of Directors,
consisting of its independent directors.
Invus is the exclusive investment advisor to Artal. The principals of Invus received customary
compensation from Artal in connection with this transaction. Certain of our directors, Mr. Debbane,
Mr. Amouyal, Mr. Fajgenbaum, Mr. Lainovic and Mr. Sobecki, are principals of Invus.
Item 14. Principal Accountant Fees and Services
Principal Accountant Fees and Services
Aggregate fees for professional services rendered to us by PricewaterhouseCoopers LLP for fiscal
2005 and fiscal 2004:
Fiscal 2005 Fiscal 2004
Audit ....................................... $1,856,999 $1,640,306
Audit Related ................................. 268,954 —
Tax ......................................... 409,362 257,200
All Other .................................... 111,857 15,071
Total ...................................... $2,647,172 $1,912,577
Audit Fees
Audit fees for fiscal 2005 were for professional services rendered by PricewaterhouseCoopers LLP
in connection with their (i) integrated audits of our consolidated financial statements and internal
control over financial reporting as of and for the year ended December 31, 2005, including statutory
audits of the financial statements of our subsidiaries, (ii) reviews of our unaudited consolidated interim
financial statements as of October 1, 2005, July 2, 2005 and April 2, 2005, and (iii) reviews of
documents filed with the SEC.
Audit fees for fiscal 2004 were for professional services rendered by PricewaterhouseCoopers LLP
in connection with their (i) integrated audits of our consolidated financial statements and internal
control over financial reporting as of and for the year ended January 1, 2005, including statutory audits
of the financial statements of our subsidiaries, (ii) reviews of our unaudited consolidated interim
financial statements as of October 2, 2004, July 3, 2004, and April 3, 2004 and (iii) reviews of
documents filed with the SEC.
Audit Related Fees
The Audit Related fees for fiscal 2005 were for professional services rendered by
PricewaterhouseCoopers LLP related to due diligence for acquisitions and accounting consultations.
Tax Fees
Tax fees for fiscal 2005 and fiscal 2004 were for services rendered by PricewaterhouseCoopers LLP
primarily related to tax compliance and international tax planning and strategies.
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