Circuit City 2002 Annual Report Download - page 10

The Company maintains an internet web-site, www.systemax.com
, through which is available access to the Company's
annual reports on Form 10K, quarterly reports on Form 10Q and current reports on Form 8K, including all amendments
to those reports. The reports are free of charge and are available as soon as is reasonably practicable after they are filed
with the Securities and Exchange Commission.
Item 2. Properties.
The Company's primary facilities, which are leased except where otherwise indicated, are as follows:
Approx. Expiration
Facility Location Sq. Ft. of Lease
-------- -------- ------- --------
Headquarters, Sales and
Distribution Center (1)...................Port Washington, NY 86,000 2007
Sales and Distribution Center (2)...........Suwanee, GA 360,675 owned
Sales and Distribution Center...............Compton, CA 140,000 2007
Sales and Distribution Center...............Naperville, IL 241,000 2010
Sales Center................................Holmdel, NJ 13,000 2004
Sales and Distribution Center...............Markham, Ontario 45,000 2005
Sales and Distribution Center...............Verrieres le Buisson, France 45,000 2008
Sales and Distribution Center...............Frankfurt, Germany 92,000 2010
Sales and Distribution Center...............Madrid, Spain 35,000 (3)
Sales and Distribution Center...............Milan, Italy 90,000 2003
Sales and Distribution Center...............Greenock, Scotland 78,000 owned
European Headquarters and
Sales Center..............................Wellingborough, England 75,000 owned
Sales and Distribution Center................. London, England 64,000 2006
Sales Center................................Miami, FL 71,000 2010
Sales Center................................Amstelveen, Netherlands 21,000 2007
PC Assembly, Sales
and Distribution Center...................Fletcher, Ohio 297,000 owned
Sales and Distribution Center...............Lidkoping, Sweden 20,000 2005
Sales Center................................Stockholm, Sweden 3,000 2003
(1) For information about this facility, leased from related parties, see "Certain Relationships
and Related Transactions--Agreements--Leases"
(2) Approximately 120,000 sq. ft. is leased to a third party through March 2004.
(3) Terminable upon two months prior written notice.
In connection with the completion of the Company's new European headquarters facility in England, the Company is
actively trying to sublease three vacated facilities totaling approximately 44,000 square feet. For further information
regarding the Company's lease obligations, see Note 10 to the Consolidated Financial Statements.
Item 3. Legal Proceedings.
Systemax Inc. v. Trigyn Technologies Inc. In June 2002 the Company filed a complaint in the U. S. District
Court for the Eastern District of New York against the software developers of a new customer order management
software system that was being written for the Company's internal use, seeking restitution of all payments and other
damages totaling approximately $19 million. The software developers have filed an answer and counterclaims, denying
the Company's allegations and seeking approximately $9.4 million in damages. The Company believes that the claims
of the software developers are without merit.
The Company is also a party to various pending legal proceedings and disputes arising in the normal course of
its business, including those involving certain commercial, employment and intellectual property related claims, none
of which, in management's opinion, is anticipated to have a material adverse effect on the Company's consolidated
financial position or results of operations.
Item 4. Submission of Matters to a Vote of Security Holders.
During the quarter ended December 31, 2002, there were no matters submitted to a vote of the Company's
security holders.