Enom 2014 Annual Report Download - page 11

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may subject us to additional liabilities and penalties. See “Risk Factors” in Part I, Item 1A of this Annual Report on Form 10-K for
additional information.
Employees
As of December 31, 2014, we had approximately 400 employees. None of our employees is represented by a labor union or is
subject to a collective bargaining agreement. We believe that relations with our employees are good.
Seasonality
Our Content & Media service offering is affected by seasonal fluctuations in internet usage and our Marketplaces service
offering is affected by traditional retail seasonality as well as seasonal fluctuations in internet usage. Internet usage generally slows
during the summer months while our online marketplaces generally experience increased sales activity during the fourth quarter
holiday season. These seasonal trends have caused, and will likely continue to cause, fluctuations in our quarterly results.
Available Information
We file reports with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on
Form 8-K and any other filings required by the SEC. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current
reports on Form 8-K, and all amendments to those reports are made available free of charge in the investor relations section of our
corporate website (http://ir.demandmedia.com) as soon as reasonably practicable after such material is electronically filed with or
furnished to the SEC. The public may also read and copy any materials we file with the SEC at the SEC's Public Reference Room at
100 F Street, NE, Washington, DC 20549. The public may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site (http://www.sec.gov) that contains reports, proxy and
information statements, and other information regarding issuers that file electronically with the SEC.
We webcast our earnings calls and certain events we participate in or host with members of the investment community on the
investor relations section of our corporate website. Additionally, we provide notifications of news or announcements regarding our
financial performance, including SEC filings, investor events, and press and earnings releases, on the investor relations section of our
corporate website. Investors and others can receive notifications of press releases and SEC filings by signing up for email alerts.
Investors and others should note that we also use social media to communicate with the public about our company, our services and
other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we
encourage investors, the media, and others interested in our company to review the information we post on the social media channels
listed on the investor relations section of our corporate website. Further corporate governance information, including our corporate
governance guidelines, board committee charters and code of business conduct and ethics, is also available on the investor relations
section of our corporate website under the heading “Corporate Governance.”
Any references to our corporate website address in this Annual Report on Form 10-K are intended to be inactive textual
references only. None of the information contained on our website is part of this Annual Report on Form 10-K or incorporated by
reference into this report or any other report or document we file with the SEC.
Item 1A. Risk Factors
In addition to the other information set forth in this Annual Report on Form 10-K, you should consider carefully the risks and
uncertainties described below, which could materially adversely affect our business, financial condition and results of operations.
Risks Relating to the Separation of Rightside
Our operational and financial profile changed in connection with the Separation and we are now a smaller, less diversified
company.
On August 1, 2014, we completed the Separation of Rightside from Demand Media. The Separation was structured as a pro rata
tax-free dividend involving the distribution of all of the outstanding shares of Rightside common stock to holders of Demand Media
common stock as of the record date (the “Distribution”). Following the Separation, we are a smaller, less diversified company focused
on our Content & Media and Marketplaces businesses. This narrower business focus may leave us more vulnerable to changing
market conditions, which could materially and adversely affect our business, financial condition and results of operation. The
diminished diversification of revenue, costs, and cash flows could also cause our results of operation, cash flows, working capital and
financing requirements to be subject to increased volatility. In addition, we may be unable to achieve some or all of the strategic and
financial benefits that we expected would result from the Separation of the Company and Rightside, or such benefits may be delayed,
which could materially and adversely affect our business, financial condition and results of operations.