AutoNation 2015 Annual Report Download - page 55

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Table of Contents
• Our operations are subject to extensive governmental laws and regulations. If we are found to be in purported violation of or subject to liabilities
under any of these laws or regulations, or if new laws or regulations are enacted that adversely affect our operations, our business, operating results,
and prospects could suffer.
• A failure of our information systems or any security breach or unauthorized disclosure of confidential information could have a material adverse
effect on our business.
• Our debt agreements contain certain financial ratios and other restrictions on our ability to conduct our business, and our substantial indebtedness
could adversely affect our financial condition and operations and prevent us from fulfilling our debt service obligations.
• We are subject to interest rate risk in connection with our vehicle floorplan payables, revolving credit facility, and commercial paper program that
could have a material adverse effect on our profitability.
• Goodwill and other intangible assets comprise a significant portion of our total assets. We must test our goodwill and other intangible assets for
impairment at least annually, which could result in a material, non-cash write-down of goodwill or franchise rights and could have a material adverse
impact on our results of operations and shareholders’ equity.
• Our largest stockholders, as a result of their ownership stakes in us, may have the ability to exert substantial influence over actions to be taken or
approved by our stockholders or Board of Directors. In addition, future share repurchases and fluctuations in the levels of ownership of our largest
stockholders could impact the volume of trading, liquidity, and market price of our common stock.

Investors and others should note that we announce material financial information using our company website (www.autonation.com), our investor
relations website (investors.autonation.com), SEC filings, press releases, public conference calls and webcasts. Information about AutoNation, its business,
and its results of operations may also be announced by posts on the following social media channels:
• AutoNation’s Twitter feed (www.twitter.com/autonation)
• Mike Jackson’s Twitter feed (www.twitter.com/CEOMikeJackson)
• AutoNation’s Facebook page (www.facebook.com/autonation)
• Mike Jackson’s Facebook page (www.facebook.com/CEOMikeJackson)
The information that we post on these social media channels could be deemed to be material information. As a result, we encourage investors, the media,
and others interested in AutoNation to review the information that we post on these social media channels. These channels may be updated from time to time
on AutoNation’s investor relations website. The information on or accessible through our websites and social media channels is not incorporated by reference
in this Annual Report on Form 10-K.
53