AutoNation 2001 Annual Report Download - page 12

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reported and unreported claims. The insurance companies that underwrite our
insurance require that we secure certain of our obligations for deductible
reimbursements with collateral. Our collateral requirements are set by the
insurance companies and, to date, have been satisfied by posting surety bonds,
letters of credit and cash deposits. Our collateral requirements may change from
time to time based on, among other things, our claims experience.
EMPLOYEES
As of December 31, 2001, we employed approximately 30,000 full time
employees, approximately 650 of whom were covered by collective bargaining
agreements. We believe that we have good relations with our employees.
SEASONALITY
Our operations generally experience higher volumes of vehicle sales in the
second and third quarters of each year due in part to consumer buying trends and
the introduction of new vehicle models. Also, demand for cars and light trucks
is generally lower during the winter months than in other seasons, particularly
in regions of the United States where dealerships may be subject to harsh
winters. Accordingly, we expect our revenue and operating income generally to be
lower in our first and fourth quarters as compared to our second and third
quarters. However, revenue may be impacted significantly from quarter to quarter
by other factors unrelated to season, such as vehicle manufacturer incentive
programs. Comparisons of our sales and operating results between different
quarters within a single year are, therefore, not necessarily indicative of our
future performance.
TRADEMARKS
We own a number of registered service marks and trademarks and also have a
number of applications pending to register, among other marks,
AutoNation[symbol](sm) and AutoNation(sm). Pursuant to agreements with vehicle
manufacturers, we have the right to use and display manufacturers' trademarks,
logos and designs at our dealerships and in our advertising and promotional
materials, subject to certain restrictions. We also have licenses pursuant to
various agreements with third parties authorizing the use and display of the
marks and/or logos of such third parties, subject to certain restrictions. The
current registrations of our service marks and trademarks in the United States
and foreign countries are effective for varying periods of time, which we may
renew periodically, provided that we comply with all applicable laws.
EXECUTIVE OFFICERS OF AUTONATION
We provide below information regarding each of our executive officers.
NAME AGE POSITION
---- --- --------
H. Wayne Huizenga..................... 64 Chairman of the Board
Mike Jackson.......................... 53 Chief Executive Officer and Director
Michael E. Maroone.................... 48 President and Chief Operating Officer
Craig T. Monaghan..................... 45 Senior Vice President and Chief Financial Officer
Patricia A. McKay..................... 44 Senior Vice President -- Finance
Jonathan P. Ferrando.................. 36 Senior Vice President, General Counsel and Secretary
Allan D. Stejskal..................... 43 Senior Vice President -- Operations
H. WAYNE HUIZENGA has served as our Chairman of the Board since August
1995. He also served as our Chief Executive Officer from August 1995 until
October 1996, and as Co-Chief Executive Officer from October 1996 through
September 1999. Since May 1998, Mr. Huizenga has been Chairman of the Board of
Republic Services, Inc., a solid waste services company, and served as its Chief
Executive Officer from May 1998 until December 1998. Since May 2000, Mr.
Huizenga has been Vice Chairman of ZixIt Corporation, a provider of security
services and products for Internet use. Since September 1996, Mr. Huizenga has
been