Circuit City 2008 Annual Report Download - page 12

Table of Contents
Available Information
We maintain an internet website at www.systemax.com. We file reports with the Securities and Exchange Commission and make available free
of charge on or through this web site our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K,
including all amendments to those reports. These are available as soon as is reasonably practicable after they are filed with the SEC. All reports
mentioned above are also available from the SEC’s web site (www.sec.gov). The information on our web site is not part of this or any other
report we file with, or furnish to, the SEC.
Our Board of Directors has adopted the following corporate governance documents with respect to the Company (the “Corporate Governance
Documents”):
•
Corporate Ethics Policy for officers, directors and employees
•
Charter for the Audit Committee of the Board of Directors
•
Charter for the Compensation Committee of the Board of Directors
•
Charter for the Nominating/Corporate Governance Committee of the Board of Directors
•
Corporate Governance Guidelines and Principles
In accordance with the listing standards of the New York Stock Exchange, each of the Corporate Governance Documents is available on our
Company web site (www.systemax.com) and can be obtained upon request by writing to Systemax Inc., Attention: Board of Directors
(Corporate Governance), 11 Harbor Park Drive, Port Washington, NY 11050.
Item 1A. Risk Factors.
There are a number of factors and variables described below that may affect our future results of operations and financial condition. Other
factors of which we are currently not aware or that we currently deem immaterial may also affect our results of operations and financial position.
Risks Related to the Economy and Our Industries
•
Economic conditions have affected and could continue to adversely affect our revenues and profits.
Current economic conditions may cause the loss of consumer confidence in the Company’s markets which may result in a decrease
of spending in the categories of products we sell. It is also possible that as manufacturers react to the marketplace they may reduce
manufacturing capacity, creating shortages of product. Both we and our customers are subject to global political, economic and
market conditions, including inflation, interest rates, energy costs, the impact of natural disasters, military action and the threat of
terrorism. Our consolidated results of operations are directly affected by economic conditions in North America and Europe. We may
experience a decline in sales as a result of poor economic conditions and the lack of visibility relating to future orders. Our results of
operations depend upon, among other things, our ability to maintain and increase sales volumes with existing customers, our ability
to attract new customers and the financial condition of our customers. A decline in the economy that adversely affects our customers,
causing them to limit or defer their spending, would likely adversely affect us as well. We cannot predict with any certainty whether
we will be able to maintain or improve upon historical sales volumes with existing customers, or whether we will be able to attract
new customers.
In response to economic and market conditions, from time to time we have undertaken initiatives to reduce our cost structure where
appropriate. These initiatives, as well as any future workforce and facilities reductions, may not be sufficient to meet current and
future changes in economic and market conditions and allow us to continue to achieve the growth rates and levels of profitability we
have recently experienced. In addition, costs actually incurred in connection
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