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7
During 2014, we were awarded 28 United States patents, and at the end of the year held over 300 patents in
the United States. Currently, we are pursuing strategies to market non-core patents with the goal of monetizing
these assets.
Employees
At December 31, 2014, we employed approximately 910 people worldwide, with approximately 360 employed in
the United States and approximately 550 employed internationally.
Environmental Matters
Our operations are subject to a wide range of federal, state and local environmental laws. Environmental
remediation costs are accrued when a probable liability has been determined and the amount of that liability has
been reasonably estimated. We review these accruals periodically as remediation and investigatory activities
proceed and adjust them accordingly. Compliance with environmental regulations has not had a material adverse
effect on our financial results. We believe that our accruals are adequate, though there can be no assurance that
the amount of expense will not materially exceed the amounts in our accruals.
International Operations
Approximately 65 percent of our total 2014 revenue came from sales outside the United States, primarily
through subsidiaries, sales offices, distributors, VARs and relationships with OEMs throughout Europe, Asia, Latin
America and Canada. We do not own any manufacturing facilities. See Note 14 - Business Segment Information
and Geographic Data in our Notes to Consolidated Financial Statements for further information on our international
operations.
As discussed under Risk Factors in Item 1A of this Form 10-K, our international operations are subject to
various risks and uncertainties that are not present in our domestic operations.
Executive Officers of the Registrant
Information regarding our executive officers, as defined under Section 16 of the Securities Exchange Act of
1934 (Exchange Act), as of March 16, 2015 is set forth below:
Gregory J. Bosler, age 53, is Senior Vice President and Group President, Consumer Storage and Accessories.
From October 2010 to December 2012, he was Senior Vice President of Global Business Management. From May
2010 to October 2010 he was Vice President, Americas, and from January 2009 to April 2010 he was Vice
President, Americas Consumer. Prior to joining Imation in January 2009, he was with TTE Corporation, a global
consumer electronics manufacturer, where he held the position of Executive Vice President, North America
Business Center from August 2004 until February 2008. Prior to that, Mr. Bosler held a series of senior sales and
general management positions at Thomson Inc., Pioneer Electronics (USA) and Duracell Inc.
John P. Breedlove, age 57, is Vice President, General Counsel and Corporate Secretary, a position he has
held since May 2011. Prior to joining Imation, from July 1993 to May 2011, he served as Vice President of business
law and various other positions at Supervalu Inc., a food wholesale and retail company and logistics provider. Prior
to that role, Mr. Breedlove was an attorney with the law offices of Dorsey & Whitney, Minneapolis, and Graham &
James, San Francisco.
Mark E. Lucas, age 60, is President, Chief Executive Officer and a member of our Board of Directors, positions
he has held since May 2010. He was President and Chief Operating Officer from March 2009 through May 2010.
Mr. Lucas was a member of the Board of Directors of Imation from April 2007 to February 2009 and served as a
member of the Company's Audit and Finance Committee and Compensation Committee. Prior to joining Imation, he
served as Chairman and Chief Executive Officer of Geneva Watch Group, leading the turnaround and sale of a
privately held watch company from November 2005 to August 2008. Prior to that role, Mr. Lucas served as
President and Chief Executive Officer of Altec Lansing Technologies, leading the turnaround and sale of a privately
held consumer audio equipment company from June 2001 to August 2005. Prior to that, he served in senior
management roles at Iomega, Gillette and Duracell.
Scott J. Robinson, age 48, is Vice President and Chief Financial Officer. Prior to August 2014, he was Vice
President, Corporate Controller and Chief Accounting Officer. He was appointed Vice President in February 2010
and was appointed Corporate Controller and Chief Accounting Officer in August 2007. He joined Imation in March
2004 and held the position of Chief Accountant until August 2007. Prior to joining Imation, he was at Deluxe