Nutrisystem 2006 Annual Report Download - page 15

S
easonalit
y
Ty
picall
y
in the wei
g
ht loss industr
y
, revenue is stron
g
est in the first quarter and lowest in the fourth
ca
l
en
d
ar quarter. We
b
e
li
eve our
b
us
i
ness exper
i
ences seasona
li
ty,
d
r
i
ven
b
yt
h
e pre
di
spos
i
t
i
on o
fdi
eters t
o
i
n
i
t
i
ate a
di
et an
d
t
h
ep
l
acement o
f
our a
d
vert
i
s
i
n
gb
ase
d
on t
h
epr
i
ce an
d
ava
il
a
bili
t
y
o
f
certa
i
nme
di
a. However,
in 200
5
, our revenue increased sequentiall
y
ever
y
quarter due to our increased level of advertisin
g
spendin
g
and,
in 2006, revenue in the third quarter was higher than revenue in the first quarter due in part to favorabl
e
con
di
t
i
ons
i
nt
h
e mar
k
et
f
or certa
i
nme
di
a. We
b
e
li
eve t
h
e overa
ll i
mpact o
f
seasona
li
t
y
on revenue
i
s
diffi
cu
l
tt
o
p
redict at this time.
Ava
il
ab
l
e
Inf
o
rm
a
ti
o
n
A
ll periodic and current reports, re
g
istration statements, code of conduct, code of ethics and other materia
l
that the Company is required to file with the Securities and Exchange Commission (“SEC”), including th
e
C
ompany’s annua
l
report on Form 10-K, quarter
l
y reports on Form 10-Q, current reports on Form 8-K, an
d
a
mendments to those reports filed or furnished pursuant to Section 13(a) of the Securities Exchan
g
e Act of 193
4
(the “1934 Act Reports”), are available free of charge through the Company’s investor relations page at
www.nutr
i
system.com. Suc
hd
ocuments are ava
il
a
bl
e as soon as reasona
bl
y pract
i
ca
bl
ea
f
ter e
l
ectron
i
c
fili
ng o
f
the material with the SEC. The Compan
y
’s Internet web site and the information contained therein or connected
thereto are not intended to be incor
p
orated into this Annual Re
p
ort on Form 10-K.
Th
epu
bli
c may a
l
so rea
d
an
d
copy any mater
i
a
l
s
fil
e
db
yt
h
e Company w
i
t
h
t
h
e SEC at t
h
e SEC’s Pu
bli
c
R
eference Room at 100 F Street, NE, Washin
g
ton, DC 20549. The public ma
y
obtain information on th
e
o
peration of the Public Reference Room b
y
callin
g
the SEC at 1-800-SEC-0330. The SEC maintains an Interne
t
s
i
te, www.sec.gov, w
hi
c
h
conta
i
ns reports, proxy an
di
n
f
ormat
i
on statements, an
d
ot
h
er
i
n
f
ormat
i
on regar
di
ng
issuers that file electronicall
y
with the SEC
.
Execut
i
ve
Offi
cers o
f
the
C
om
p
an
y
T
he Company’s executive officers and their respective ages and positions as of December 31, 2006 are as
f
o
ll
o
w
s
:
N
ame Ag
e
P
osition
M
i
c
h
ae
l
J. Hagan
.
....................
44
Chi
e
f
Execut
i
ve O
ffi
cer
,
Pres
id
ent an
d
C
h
a
i
rman o
f
t
he
Boa
r
do
f Dir
ecto
r
s
J
ames D. Bro
wn
......................
48
Execut
i
ve V
i
ce Pres
id
ent
,
A
d
m
i
n
i
strat
i
on
,
C
hi
e
f
Financial Officer, Secretar
y
& Treasurer
T
homas F. Connert
y
................... 44
Executive Vice President, Pro
g
ram Development an
d
C
hief Marketin
g
Officer
B
r
uce
Bl
a
i
r
.
.........................
5
0 Senior Vice President, O
p
erations and Chief Information
O
fficer
M
ic
h
ae
l
J. Ha
g
a
n
h
as ser
v
e
d
as t
h
e
Ch
a
i
rman o
f
our Boar
d
an
d
as our
Chi
e
f
Execut
iv
e
Offi
cer s
i
nce
December 2002 and as our president since Jul
y
200
6
. Prior to
j
oinin
g
us, Mr. Ha
g
an was the co-founder of
Verticalnet, Inc., a business-to-business internet and software compan
y
, and held a number of executive position
s
a
t Verticalnet, Inc. since its founding in 1995, including Chairman of the Board from February 2002 to May
2005, President and Chief Executive Officer from Januar
y
2001 to Februar
y
2002, Executive Vice President and
C
hief Operatin
g
Officer from Januar
y
2000 to Januar
y
2001 and Senior Vice President prior to that time.
Mr. Hagan
i
sa
l
so a trustee o
f
Amer
i
can F
i
nanc
i
a
l
Rea
l
ty Trust an
d
a
di
rector o
f
Vert
i
ca
l
net, Inc.
James D. Brow
n
h
as serve
d
as our C
hi
e
f
F
i
nanc
i
a
l
O
ffi
cer s
i
nce Decem
b
er 1999, our Treasurer s
i
nce January
2000, our Secretar
y
since Januar
y
2003 and our Executive Vice President, Administration since April 200
5.
9