Rayovac 2005 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2005 Rayovac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

We also own, operate or contract with third parties
to operate distribution centers, sales offi ces and
administrative offi ces throughout the world in sup-
port of our business. We lease our administrative
headquarters, located in Atlanta, Georgia, and our
primary research and development facility and North
America headquarters, located in Madison, Wisconsin.
ITEM 3.
LEGAL PROCEEDINGS
Litigation
We are subject to litigation from time to time in
the ordinary course of business. The amount of any
liability with respect to any litigation to which we are
now subject cannot currently be determined. Other
than the matters set forth below, we are not party to
any pending legal proceedings which, in the opinion
of management, are material or may be material to
our business or fi nancial condition.
On September 26, 2005, we, along with our
Chairman and Chief Executive Offi cer David A. Jones,
and Executive Vice President and Chief Financial
Offi cer Randall J. Steward, were named as defen-
dants in a purported class action lawsuit captioned
Jain v. Spectrum Brands Inc., David A. Jones and
Randall J. Steward, Civil Action No. 05-2494-WSD,
fi led in the U.S. District Court for the Northern Dis-
trict of Georgia. The complaint alleges violations of
Sections 10(b) and 20(a) of the Exchange Act and
Rule 10b-5 promulgated thereunder. The action is
purportedly brought on behalf of all purchasers of
our publicly-traded securities between January 4,
2005 and September 6, 2005. The plaintiff gener-
ally alleges that we and the individually named
defendants made materially false and misleading
public statements concerning our operational and
fi nancial condition, thereby allegedly causing plaintiff
to purchase our securities at artifi cially infl ated
prices. The plaintiff seeks unspecifi ed damages, as
well as interest, costs and attorneys’ fees. Substan-
tially similar actions, captioned Dague v. Spectrum
Brands Inc., David A. Jones and Randall J. Steward,
Civil Action No. 05-0580-C (fi led October 3, 2005 in
the U.S. District Court for the Western District of
Wisconsin) and Davies v. Spectrum Brands Inc.,
David A. Jones and Randall J. Steward, Civil Action
No. 05-2814 (fi led October 31, 2005 in the U.S.
Facility Function
United
Vinita Park, Missouri(2) Household and Contract Production Facility
Vinita Park, Missouri(2) Warehouse
Bridgeton, Missouri(2) Lawn and Garden Production and Distribution Facility
Akron, Ohio(2) Distribution Center
Orrville, Ohio(1) Lawn and Garden Production and Distribution Facility
Mentor, Ohio(2) Aquatics Production Facility
Noblesville, Indiana(1) Aquatics Production Facility
Sylacauga, Alabama(2) Lawn and Garden Production and Distribution Facility
Hauppauge, New York(2) Specialty Pet Production Facility
Gainesville, Georgia(2) Distribution Center
Ontario, California(2) Distribution Center
Moorpark, California(2) Aquatics Production Facility
Woodstock, Ontario(1) Blend, Pack and Warehouse Facility
Putnam, Ontario(1) Blend, Pack and Warehouse Facility
Tetra
Blacksburg, Virginia(1) Pet Supply Manufacturing, Assembly, Warehousing and Shipping
Melle, Germany(1) Pet Food and Pet Care Manufacturing
Melle, Germany(2) Pet Food and Pet Care Distribution
(1) Facility is owned.
(2) Facility is leased.
2005 Form 10-K Annual Report
Spectrum Brands, Inc.
2005 ANNUAL REPORT 11