Harman Kardon 2009 Annual Report Download - page 38

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Item 2. Properties
Our corporate headquarters are located at 400 Atlantic Street, Stamford, Connecticut, 06901. Certain
information regarding our principal facilities are described in the table below.
Location Segments
Size
(Sq. Ft.)
Owned
or
Leased
Percentage
Utilization
Northridge, California ................................... Consumer
Professional
589,000 Leased 60%
Ittersbach, Germany ..................................... Automotive 565,000 Owned 100%
Atlanta, Georgia ........................................ Consumer 305,000 Leased 100%
Moreno, California ...................................... Consumer
Professional
301,000 Leased 100%
Straubing, Germany ..................................... Automotive 235,000 Owned 100%
Elkhart, Indiana ........................................ Professional 223,000 Owned 86%
Chateau du Loir, France .................................. Automotive
Consumer
221,000 Owned 75%
Worth-Schaidt, Germany ................................. Automotive 204,000 Owned 100%
Tijuana, Mexico ........................................ Professional 198,000 Leased 97%
Vienna, Austria ........................................ Professional 193,000 Leased 100%
Bridgend, United Kingdom ............................... Automotive 168,000 Leased 100%
Franklin, Kentucky ..................................... Automotive 152,000 Owned 100%
Farmington Hills, Michigan ............................... Automotive 151,000 Leased 100%
Suzhou, China ......................................... Automotive 145,000 Owned 80%
Sandy, Utah ........................................... Professional 127,000 Leased 100%
Szekesfehervar, Hungary ................................. Automotive 117,000 Owned 100%
Juarez, Mexico ......................................... Automotive 109,000 Leased 100%
Regensdorf, Switzerland ................................. Professional 108,000 Leased 79%
Washington, Missouri ................................... Automotive 101,000 Owned 100%
We are currently holding our Martinsville, Indiana facility for sale.
We also own or lease other facilities that are not considered principal properties. We believe that our
facilities are suitable and adequate for our present needs and that suitable additional or substitute facilities will be
available, if required.
Item 3. Legal Proceedings
In re Harman International Industries, Inc. Securities Litigation
On October 1, 2007, a purported class action lawsuit was filed by Cheolan Kim (the “Kim Plaintiff”) against
Harman International and certain of our officers in the United States District Court for the District of Columbia
(the “Court”) seeking compensatory damages and costs on behalf of all persons who purchased our common
stock between April 26, 2007 and September 24, 2007 (the “Class Period”). The original complaint alleged
claims for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “1934 Act”) and
Rule 10b-5 promulgated thereunder.
The complaint alleged that the defendants omitted to disclose material adverse facts about Harman’s
financial condition and business prospects. The complaint contended that had these facts not been concealed at
the time the merger agreement with Kohlberg Kravis Roberts & Co. (“KKR”) and GS Capital Partners VI Fund,
L.P. and its related funds (“GSCP”) was entered into, there would not have been a merger agreement, or it would
have been at a much lower price, and the price of our common stock therefore would not have been artificially
inflated during the Class Period. The Kim Plaintiff alleged that, following the reports that the proposed merger
was not going to be completed, the price of our common stock declined, causing the plaintiff class significant
losses.
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