LeapFrog 2008 Annual Report Download - page 19

stringently, requiring us to ship products closer to the time they expect to sell to consumers. This can increase our
risk that we will not be able to meet the demand for specific products at peak demand times, or have an adverse
impact our own inventory levels if we pre-build products to meet the demand. For more information about the
effects of seasonality on our business see Part I, Item 1A.—Risk Factors—“Our business is seasonal, and our
annual operating results depend, in large part, on sales relating to the brief holiday season”
Financial Information about United States and International Operations
Financial information regarding export sales and international operations is included in Note 20—“Segment
Reporting” in our Consolidated Financial Statements included in this Form 10-K. For information regarding
risks attendant to our foreign operations upon which our international segment depends, see Part I, Item 1A.—
Risk Factors—“Our international business may not succeed and subjects us to risks associated with international
operations.”
Employees
As of December 31, 2008, we had 626 full-time employees. The total number of our full-time employees
declined by 218, or 26% from December 31, 2007 to December 31, 2008 due to headcount reductions and
migration of some of our product development cycle to external parties. We also retain independent contractors
to provide various services, primarily in connection with our content development. We are not subject to any
collective bargaining agreements and we believe that our relationship with our employees is good. Some of our
foreign subsidiaries are subject to collective bargaining agreements whose benefits and terms are codified and
required under local labor laws.
Executive Officers of the Registrant
The following table sets forth information with respect to our executive officers as of March 2, 2009:
Name Age Position Held
Jeffrey G. Katz ............. 53 Chief Executive Officer, President and Director
William B. Chiasson ......... 56 Chief Financial Officer
William K. Campbell ........ 47 Senior Vice President, Consumer Sales
Michael J. Dodd ............ 49 Senior Vice President, Supply Chain and Operations
Nancy G. MacIntyre ......... 49 Executive Vice President, Product, Innovation and
Marketing
Peter M. O. Wong ........... 42 Senior Vice President, General Counsel and Corporate
Secretary
Jeffrey G. Katz has served as our Chief Executive Officer and President since July 2006 and as a member of
our board of directors since June 2005. From 2000 to 2004, Mr. Katz served as the Chairman and Chief
Executive Officer of Orbitz, Inc., an online travel company. From 1997 to 2000, Mr. Katz was President and
Chief Executive Officer of Swissair, a publicly held airline. From 1980 to 1997, he served in a variety of roles at
American Airlines, a publicly held airline, including Vice President of American Airlines and President of the
Computerized Reservation System Division of SABRE. Mr. Katz serves on the board of directors of Sojern, Inc.,
a privately held company that operates a targeted advertising network. Mr. Katz earned a B.S. in mechanical
engineering from the University of California, Davis, and M.S. degrees from both Stanford University and the
Massachusetts Institute of Technology.
William B. Chiasson has served as our Chief Financial Officer since November 2004. Prior to joining us, he
served as Senior Vice President and Chief Financial Officer of Levi Strauss & Co., a marketer of apparel, from
August 1998 to December 2003. From January 1988 to August 1998, Mr. Chiasson served in varying capacities
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