Circuit City 2003 Annual Report Download - page 3

Indicate by check mark whether the registrant is an accelerated filer (as defined in Exchange Act Rule 12b-2).
Yes [ ] No [X]
The aggregate market value of the voting stock held by non-affiliates of the registrant as of June 30, 2003, which
is the last business day of the registrant’s most recently completed second fiscal quarter, was approximately
$22,385,000. For purposes of this computation, all executive officers and directors of the Registrant and all parties to the
Stockholders Agreement dated as of June 15, 1995 have been deemed to be affiliates. Such determination should not be
deemed to be an admission that such persons are, in fact, affiliates of the Registrant.
The number of shares outstanding of the registrant's common stock as of March 15, 2004 was 34,343,786 shares.
Documents incorporated by reference: Portions of the definitive Proxy Statement of Systemax Inc. relating to the 2004
annual meeting of stockholders are incorporated by reference in Part III hereof.
TABLE OF CONTENTS
Part I
Item 1. Business.........................................................................1
General.........................................................................1
Available Information ..........................................................1
Recent Developments.............................................................2
Products........................................................................3
Sales and Marketing.............................................................3
Customer Service and Support....................................................5
Sales and Distribution Centers..................................................5
Suppliers.......................................................................6
Research and Development........................................................6
Competition and Other Market Factors............................................6
Employees.......................................................................7
Environmental Matters...........................................................7
Financial Information About Foreign and Domestic Operations.....................7
Item 2. Properties......................................................................9
Item 3. Legal Proceedings...............................................................9
Item 4. Submission of Matters to a Vote of Security Holders............................10
Part II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters..........10
Item 6. Selected Financial Data........................................................11
Item 7. Management's Discussion and Analysis of Financial Condition and Results of
Operations.....................................................................12
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.....................25
Item 8. Financial Statements and Supplementary Data ...................................26
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial
Disclosure.....................................................................26
Item 9A. Controls and Procedures........................................................26
Part III
Item 10. Directors and Executive Officers of the Registrant.............................26
Item 11. Executive Compensation.........................................................26
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters............................................................26
Item 13. Certain Relationships and Related Transactions.................................26
Item 14. Principal Accounting Fees and Services.........................................26
Part IV
Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K................27
Signatures.....................................................................30
PART I