Circuit City 2005 Annual Report Download - page 3

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the Act.
Yes [ ] No [X]
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ ]
No [X]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-
K is not contained
herein, and will not be contained, to the best knowledge of the registrant, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment of this Form 10-K. [X]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-
accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Large accelerated filer [ ] Accelerated filer [ ] Non-
accelerated filer [X]
Indicate by check mark whether the registrant is a shell company (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, 2005,
which is the last business day of the registrant’s most recently completed second fiscal quarter, was approximately
$63,158,000. 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 July 31, 2006 was 35,021,391 shares.
Documents incorporated by reference: None.
Explanatory Note
TABLE OF CONTENTS
The filing of this Annual Report on Form 10-K was delayed because of the extensive additional work necessary
to complete our previously-announced restatement of our Consolidated Financial Statements for the year ended
December 31, 2004 and the need to engage a new independent registered public accounting firm as a result of the
resignation of Deloitte & Touche LLP. The restatement is set forth in our amendment to our 2004 Annual Report
on Form 10-K/A, filed on November 22, 2005. The Consolidated Balance Sheet as of December 31, 2004, the
Consolidated Statements of Operations, Shareholders’ Equity and Cash Flows for the years ended December 31,
2004 and 2003 and the Selected Financial Data for the years ended December 31, 2004, 2003, 2002 and 2001 in
Item 6 in this report are presented as previously restated. For information on the restatement and the impact of the
restatement on our financial statements we refer you to Item 8, “Financial Statements and Supplementary Data,”
Note 2,
“
Restatement of Previously Filed Financial Statements.
”
Part I
Item 1.
Business
2
General
Recent Developments
Products
Sales and Marketing
Customer Service, Order Fulfillment and Support
Suppliers
Research and Development
Competition and Other Market Factors
2
3
3
4
5
6
6
6