Overstock.com 2014 Annual Report Download - page 10

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Table of Contents
For further information, see the information set forth under Item 15 of Part IV, "Financial Statements"—Note 13. Commitments and Contingencies,
, contained in the "Notes to Consolidated Financial Statements" of this Annual Report on Form 10-K.

Our services are subject to federal and state consumer protection laws including laws protecting the privacy of consumer information and regulations
prohibiting unfair and deceptive trade practices. In particular, under federal and state financial privacy laws and regulations, we must provide notice to
consumers of our privacy policies and advance notice of any changes to our policies and, with limited exceptions we must give consumers the right to
prevent sharing of their non-public personal information with unaffiliated third parties. Further, the growth and demand for online commerce could result in
more stringent consumer protection laws that impose additional compliance burdens on online companies. These consumer protection laws could result in
substantial compliance costs.
New disclosure and reporting requirements, established under existing or new state or federal laws could increase the cost of doing business,
adversely affecting our results of operations.
In many states, there is currently great uncertainty whether or how existing laws governing issues such as property ownership, sales and other taxes,
libel and personal privacy apply to the Internet and commercial online services. In addition, new state tax regulations in states where we do not now collect
state and local taxes may subject us to the obligation to collect and remit state and local taxes, or subject us to additional state and local sales and income
taxes, or to requirements intended to assist states with their tax collection efforts. New legislation or regulation, the application of laws and regulations from
jurisdictions whose laws do not currently apply to our business or the application of existing laws and regulations to the Internet and commercial online
services could result in significant additional taxes on our business. These taxes or tax collection obligations could have an adverse effect on our cash flows
and results of operations. Further, there is a possibility that we may be subject to significant fines or other payments for any past failures to comply with these
requirements.
As with the state and federal law, these same types of regulatory laws in foreign countries where international customers reside, may also apply to us
and, in the case of non-compliance, may subject us to penalties and other requirements that could have an adverse effect on our business.

At December 31, 2014, we had approximately 1,700 full-time employees. We seasonally augment our workforce with temporary employees during
our fourth quarter to handle increased workload in both our warehouse and customer service operations. We have never had a work stoppage, and none of our
employees are represented by a labor union. We consider our employee relationships to be good. Competition for qualified personnel in our industry has
historically been intense, particularly for software engineers and other technical staff.

The following persons were executive officers of Overstock as of March 2, 2015:



Patrick M. Byrne
52
Chief Executive Officer and Director
Stormy D. Simon
46
President and Director
Mark J. Griffin
59
Senior Vice President, General Counsel and Corporate Secretary
Robert P. Hughes
55
Senior Vice President, Finance and Risk Management
Carter P. Lee
44
Senior Vice President, Technology
Seth L. Marks
41
Senior Vice President, Merchandising and Strategic Sourcing
David J. Nielsen
45
Senior Vice President, Business Development
Sam "Saum" Noursalehi
35
Senior Vice President, Product Development
Brian L. Popelka
48
Senior Vice President, Supplier, Customer and People Care
 has served as our Chief Executive Officer (principal executive officer) and as a Director since 1999, and as Chairman of the
board of directors from 2001 through 2005 and 2006 through March 2014. From 1997 to 1999, Dr. Byrne served as President and Chief Executive Officer of
Fechheimer Brothers, Inc., a manufacturer and distributor of uniforms. From 1995 until its sale in September 1999, Dr. Byrne was Chairman, President and
Chief Executive Officer of Centricut, LLC, a manufacturer and distributor of industrial torch parts. From 1994 to the present, Dr. Byrne has served as a
Manager of the Haverford Group, an investment company and an affiliate of Overstock. Dr. Byrne has a Bachelor of Arts
10