AutoNation 2005 Annual Report Download - page 13

Table of Contents
named President of our Automotive Retail Group with responsibility for our new and used vehicle operations. Prior to joining our company,
Mr. Maroone was President and Chief Executive Officer of the Maroone Automotive Group, one of the country’s largest privately-held
automotive retail groups prior to its acquisition by us.
Craig T. Monaghan has served as our Executive Vice President and Chief Financial Officer since March 2005 and as our Senior Vice
President and Chief Financial Officer from May 2000 until March 2005. From June 1998 to May 2000, Mr. Monaghan was Chief Financial
Officer of iVillage.com, a leading women’s network on the Internet. From 1991 until June 1998, Mr. Monaghan served in various executive
capacities for Reader’s Digest Association, Inc., most recently as Vice President and Treasurer. Prior to joining Reader’s Digest,
Mr. Monaghan worked in the finance groups of Bristol-Myers Squibb Company and General Motors Corporation.
Jonathan P. Ferrando has served as our Executive Vice President, General Counsel and Secretary since March 2005. In September
2004, Mr. Ferrando assumed responsibility for our human resources and labor relations functions in addition to his role as General Counsel.
Mr. Ferrando joined our Company in July 1996 and served in various capacities within our company, including as Senior Vice President,
General Counsel and Secretary from January 2000 until March 2005 and as Senior Vice President and General Counsel of our Automotive
Retail Group from March 1998 until January 2000. Prior to joining our Company, Mr. Ferrando was a corporate attorney with Skadden, Arps,
Slate, Meagher & Flom from 1991 until 1996.
Kevin P. Westfall has served as our Senior Vice President — Sales since October 2005 and as our Senior Vice President — Finance
and Insurance and Fixed Operations from May 2003 until September 2005. From 2001 until May 2003, Mr. Westfall served as our Senior
Vice President — Finance and Insurance. Previously, he served as President of our former wholly-owned captive finance company,
AutoNation Financial Services, from 1997 through 2001. He is also the former President of BMW Financial Services for North America.
ITEM 1A. RISK FACTORS
Our business, financial condition, results of operations, cash flows and prospects, and the prevailing market price and performance of our
common stock, may be adversely affected by a number of factors, including the matters discussed below. Certain statements and
information set forth in this Annual Report on Form 10-K, as well as other written or oral statements made from time to time by us or by our
authorized officers on our behalf, constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation
Reform Act of 1995. We intend for our forward-looking statements to be covered by the safe harbor provisions for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995. You should note that our forward-looking statements speak only as of the
date of this Annual Report on Form 10-K or when made and we undertake no duty or obligation to update or revise our forward-looking
statements, whether as a result of new information, future events or otherwise. Although we believe that the expectations, plans, intentions
and projections reflected in our forward-looking statements are reasonable, such statements are subject to known and unknown risks,
uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking statements. The risks, uncertainties and other factors that
our stockholders and prospective investors should consider include, but are not limited to, the following:
We are dependent upon the success and continued financial viability of the vehicle manufacturers and distributors with which
we hold franchises.
The success of our stores is dependent on vehicle manufacturers in several key respects. First, we rely exclusively on the various vehicle
manufacturers for our new vehicle inventory. Our ability to sell new vehicles is dependent on a vehicle manufacturer’s ability to produce and
allocate to our stores an attractive, high quality and desirable product mix at the right time in order to satisfy customer demand. Second,
manufacturers generally support their franchisees by providing direct financial assistance in various areas, including, among others,
inventory financing assistance and advertising assistance. Third, manufacturers provide product warranties and, in some cases, service
contracts, to customers. Our stores perform warranty and service contract work for vehicles under manufacturer product warranties and
service contracts, and direct bill the
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