Overstock.com 2011 Annual Report Download - page 87

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Table of Contents
In our opinion, Overstock.com, Inc. maintained, in all material respects, effective internal control over financial reporting as of December 31, 2011,
based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance
sheets of Overstock.com, Inc. and subsidiaries as of December 31, 2011 and 2010, and the related consolidated statements of operations, stockholders' equity
(deficit) and comprehensive income (loss), and cash flows for each of the years in the three-year period ended December 31, 2011, and our report dated
March 2, 2012 expressed an unqualified opinion on those consolidated financial statements.
/s/ KPMG LLP
Salt Lake City, Utah
March 2, 2012
(d) Changes in Internal Control Over Financial Reporting
No change in the Company's internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934) was
identified during the quarter ended December 31, 2011, that has materially affected, or is reasonably likely to materially affect, the Company's internal control
over financial reporting.
ITEM 9B. OTHER INFORMATION
As previously reported, on May 4, 2011 we held our 2011 Annual Meeting of Stockholders. We reported the matters submitted to the stockholders at the
Annual Meeting and the results of the voting in a Form 8-K filed on May 5, 2011 and amended on May 24, 2011. On January 6, 2012, we filed an amendment
to the Form 8-K to report that, consistent with our Board's recommendation and consistent with the stockholders' advisory vote on this matter, we intend to
hold future stockholder advisory votes on executive compensation once every three years until the next required vote on the frequency of stockholder votes on
executive compensation.
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