CompUSA 2013 Annual Report Download - page 10

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 website 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 website (www.sec.gov). The information on our website 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”):
In accordance with the listing standards of the New York Stock Exchange, each of the Corporate Governance Documents is available on our
Company website (www.systemax.com).
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
Current economic conditions may cause the loss of consumer confidence in the Company’
s domestic and international markets
which may result in a decrease of spending in the categories of products we sell, which occurred in 2012 and continued in 2013.
With conditions in the market for technology products remaining highly competitive, reductions in our selling prices, as we have
experienced in recent years, have adversely affected our revenues and profits and could continue to do so in the future. It is also
possible that as manufacturers react to the marketplace they may reduce manufacturing capacity or allocations to their customers
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, which occurred in 2012 and
continued in 2013. Our results of operations depend upon, among other things, our ability to maintain and increase sales volumes
with existing customers, our ability to limit price reductions and maintain our margins, 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 our sales, prices and profitability as well, which occurred in 2012 and continued in
2013. 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 re-
attain the levels of
profitability we experienced prior to the recent market downturns. In addition, costs actually incurred in connection with our
restructuring actions, including launching and integrating the new shared services facility in Hungary, may be higher than our
estimates of such costs and/or may not lead to the anticipated cost savings.
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Table of Contents
• 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
•
General economic conditions, such as decreased consumer confidence and spending, reductions in manufacturing capacity, and
inflation could result in our failure to achieve our historical sales growth rates and profit levels.