Digital River 2006 Annual Report Download - page 113

Download and view the complete annual report

Please find page 113 of the 2006 Digital River 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 114

  • 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
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114

board of directors
Joel A. Ronning, Chairman
Chief Executive Officer
Digital River, Inc.
Thomas F. Madison (1, 2, 3, 4)
President and Chief Executive Officer
MLM Partners
William J. Lansing (3, 4, 5)
President and Chief Executive Officer
ValueVision Media, Inc.
Frederic M. Seegal (3, 4, 5)
President
Seegal Benson Leucadia Partners
Perry W. Steiner (2, 4)
Partner
Arlington Capital Partners
J. Paul Thorin (2, 4)
Attorney at Law
executive officers
Joel A. Ronning
Chief Executive Officer
Thomas M. Donnelly
Chief Financial Officer
corporate headquarters
9625 West 76th Street
Eden Prairie, MN 55344
market listing
Nasdaq National Market
Symbol: DRIV
independent auditors
Ernst & Young LLP
Minneapolis, MN
transfer agent and registrar
Wells Fargo Shareowner Services
161 North Concord Exchange
South St. Paul, MN 55075
800.468.9716
common stock information
The Company’s Common Stock has
traded on the Nasdaq National
Market under the symbol DRIV
since August 11, 1998. Prior to that
date, there was no public market
for Digital River Common Stock. The
quotations set forth below reflect the
high, low and closing prices for the
Company’s Common Stock on the
Nasdaq National Market for each of
the identified periods.
form 10-K
Additional information constituting
part of the 2006 Annual Report is
contained in the Company’s Annual
Report on Form 10-K for the year
ended December 31, 2006, as filed
with the Securities and Exchange
Commission, a copy of which is
included herewith. Additional copies
of the Form 10-K may be obtained
without charge upon written
request to Investor Relations at the
corporate address or by e-mailing
investorrelations@digitalriver.com.
annual meeting
The Company’s Annual Meeting of
stockholders will be held at 3:30 p.m.
local time on May 31, 2007, at the
Sheraton Hotel, 7800 Normandale
Boulevard, Bloomington, MN.
shareholders
As of March 1, 2007, the Company
had 372 shareholders of record. (This
does not include beneficial owners
whose stock is held in street name by
brokerage firms.)
dividends
The Company has never declared
or paid any cash dividends on
its Common Stock. The Board of
Directors currently intends to retain
any future earnings to support
operations and to finance the growth
and development of the Company’s
business and does not anticipate
paying cash dividends for the
foreseeable future.
forward-looking statements
This report contains forward-looking
statements, including statements
regarding the Company’s anticipated
future growth and financial
performance as well as statements
containing the words “anticipates,”
“believes,” “plans,” “will” or
“expects” and similar words.
Such forward-looking statements
involve known and unknown risks,
uncertainties and other factors,
which may cause the actual results,
performance or achievements of
the Company, or industry results,
to differ materially from any future
results, performance or achievements
expressed or implied by such
forward-looking statements. Such
factors include, among others: the
Company’s limited operating history
and variability of operating results;
competition in the e-commerce
market; challenges associated with
international expansion; potential
consequences surrounding findings
of our internal investigation,
investigation by a committee of our
independent directors and informal
SEC inquiry into our stock option
granting practices; any potential civil
litigation relating to our stock option
granting practices; and other risk
factors referenced in the Company’s
public filings with the Securities and
Exchange Commission.
(1) Lead Director
(2) Audit Committee Member
(3) Compensation Committee Member
(4) Nominating and Corporate
Governance Committee Member
(5) Finance Committee Member
2006
High Low Close
Q1 $46.08 $29.27 $43.61
Q2 $48.00 $37.00 $40.39
Q3 $53.21 $37.90 $51.12
Q4 $60.99 $48.20 $55.79
2005
High Low Close
Q1 $41.82 $28.16 $31.16
Q2 $33.73 $22.43 $31.75
Q3 $41.75 $31.30 $34.85
Q4 $39.39 $23.64 $29.74