Etsy 2015 Annual Report Download - page 37
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Please find page 37 of the 2015 Etsy 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.-
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Our certificate of incorporation provides that the Court of Chancery of the State of Delaware is the exclusive forum for any derivative action or proceeding
brought on our behalf, any action asserting a breach of fiduciary duty, any action asserting a claim against us arising pursuant to the Delaware General
Corporation Law, our certificate of incorporation or our bylaws or any action asserting a claim against us that is governed by the internal affairs doctrine. This
choice of forum provision may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with us or our directors,
officers or other employees and may discourage these types of lawsuits. Alternatively, if a court were to find the choice of forum provision contained in our
certificate of incorporation to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving such action in other
jurisdictions.
None.
Our headquarters are located in Brooklyn, New York where we occupy approximately 104,493 square feet under a lease that expires in 2016. We use these
facilities for our principal administration, technology and development and engineering activities. Our European headquarters are located in Dublin, Ireland.
In May 2014, we signed a lease for new corporate headquarters in Brooklyn, which we expect to occupy in 2016. The lease covers two buildings totaling
approximately 198,635 square feet and will expire approximately ten years from the later to occur of the two buildings’ lease commencement dates. We
expect that our new space will allow us to grow our local staff, will be LEED-certified and will support our efforts to reduce our environmental footprint.
We also have offices in San Francisco, Hudson (New York), London, Dublin, Paris, Berlin, Melbourne, Toronto and Tokyo.
We believe that our current facilities are suitable and adequate to meet our ongoing needs and that, if we require additional space, we will be able to obtain
additional facilities.
See "Note 14Commitments and ContingenciesLegal Proceedings" in the Notes to Consolidated Financial Statements.
Not applicable.
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