Computer Associates 2012 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2012 Computer Associates annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

We are regularly under audit by tax authorities. Although we believe our tax estimates are reasonable, the final determination of tax
audits and any related litigation could be materially different from that which is reflected in our income tax provisions and accruals.
Additional tax assessments resulting from audit, litigation or changes in tax laws may result in increased tax provisions or payments
which could materially adversely affect our business, financial condition, operating results and cash flow in the period or periods in
which that determination is made.
Item 1B. Unresolved Staff Comments.
None.
Item 2. Properties.
Our principal real estate properties are located in areas necessary to meet our operating requirements. All of the properties are
considered to be both suitable and adequate to meet our current and anticipated operating requirements.
As of March 31, 2012, we leased 62 facilities throughout the United States, including our corporate headquarters located in Islandia,
New York, and 93 facilities outside the United States. Our lease obligations expire on various dates with the longest commitment
extending to 2023. We believe that substantially all of our leases will be renewable at market terms at our option as they become due.
We own one facility in Germany totaling approximately 100,000 square feet, two facilities in Italy totaling approximately 140,000
square feet, two facilities in India totaling approximately 455,000 square feet and one facility in the United Kingdom totaling
approximately 215,000 square feet.
We utilize our leased and owned facilities for sales, technical support, research and development and administrative functions.
Item 3. Legal Proceedings.
Refer to Note 12, “Commitments and Contingencies,” in the Notes to the Consolidated Financial Statements for information
regarding certain legal proceedings, the contents of which are herein incorporated by reference.
Item 4. Mine Safety Disclosures.
Not applicable.
***
Executive Officers of the Registrant.
The name, age, present position, and business experience for at least the past five years of our executive officers at May 11, 2012 are
listed below:
William E. McCracken,69, has been Chief Executive Officer of the Company since January 2010 and a director of the Company
since 2005. He was non-executive Chairman of the Board from June 2007 to September 2009 and interim Executive Chairman of the
Board from September 2009 to January 2010, and he served as executive Chairman of the Board from January 2010 to May 2010. He
was President of Executive Consulting Group, LLC from 2002 to January 2010. During a 36-year tenure at International Business
Machines Corporation (IBM), a manufacturer of information processing products and a technology, software and networking systems
manufacturer and developer, Mr. McCracken held several executive positions, including General Manager of the IBM Printing
Systems Division and General Manager of Worldwide Marketing of IBM PC Company. From 1995 to 2001, he served on IBM’s
Worldwide Management Council, a group of the top 30 executives at IBM.
Richard J. Beckert,50, has been Executive Vice President and Chief Financial Officer of the Company since May 2011. He served
as the Company’s Corporate Controller from June 2008 to May 2011 and as Senior Vice President, Strategic Pricing and Offerings
from September 2006, when he joined the Company, through June 2008.
Adam Elster,44, has been Executive Vice President and Group Executive, Mainframe and Customer Success Group since February
2012. He is responsible for innovation and growth of our mainframe business and customer success, which includes customer
support, portfolio management and integration of acquisitions. In addition, he leads a business transformation program that focuses
on organizational alignment initiatives with our business strategy to meet long-term goals and objectives. Since joining the Company
in 1999, Mr. Elster has held a number of senior management positions, including Executive Vice President, Global Business
Organization and Business Transformation from August 2011 to February 2012, General Manager, CA Services, Support and
Education from June 2011 to August 2011, Corporate Senior Vice President and General Manager, CA Services from November
2009 to June 2011, and Senior Vice President, Area Sales Manager for the Eastern United States, from July 2007 to November 2009.
17