Rayovac 2006 Annual Report Download - page 20

8 SPECTRUM BRANDS | 2006 ANNUAL REPORT
Employees
We had approximately 8,400 full-time employees worldwide
as of September 30, 2006. Approximately 17% of our total labor
force is covered by collective bargaining agreements. We believe
that our overall relationship with our employees is good.
Available Information
Our Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q, Current Reports on Form 8-K and amendments to
reports fi led pursuant to Sections 13(a) and 15(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”) are
made available free of charge on or through our website at www.
spectrumbrands.com as soon as reasonably practicable after such
reports are fi led with, or furnished to, the United States Securities
and Exchange Commission (the “SEC”). You may read and copy
any materials we fi le with the SEC at the SEC’s Public Reference
Room at 100 F Street, NE, Washington, DC 20549. You may
obtain information on the operation of the Public Reference
Room by calling the SEC at 1-800-SEC-0330. The SEC also
maintains an Internet site that contains our reports, proxy state-
ments and other information at www.sec.gov. In addition, copies of
our (i) Corporate Governance Guidelines, (ii) charters for the
Audit Committee, Compensation Committee and Nominating
and Corporate Governance Committee, (iii) Code of Business
Conduct and Ethics and (iv) Code of Ethics for the Principal
Executive Officer and Senior Financial Officers are available
at our Internet site at www.spectrumbrands.com under “Investor
Relations—Corporate Governance.” Copies will also be pro-
vided to any stockholder upon written request to the Vice
President, Investor Relations, Spectrum Brands, Inc., 6 Concourse
Parkway, Suite 3300, Atlanta, Georgia 30328, via electronic mail
at [e-mail], or by contacting the Vice
President, Investor Relations at 770-829-6200. None of the infor-
mation posted on our website is incorporated by reference into this
Annual Report.
ITEM 1A. RISK FACTORS
Forward-Looking Statements
We have made or implied certain forward-looking statements in
this Annual Report on Form 10-K. All statements, other than state-
ments of historical facts included in this Annual Report, including
the statements under “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” regarding our busi-
ness strategy, future operations, fi nancial position, estimated reve-
nues, projected costs, projected synergies, prospects, plans and
objectives of management, as well as information concerning
expected actions of third parties, are forward-looking statements.
When used in this Annual Report, the words “anticipate,” “intend,”
“plan,” “estimate,” “believe,” “expect,” “project,” “could,” “will,”
“should,” “may” and similar expressions are also intended to identify
forward-looking statements, although not all forward-looking
statements contain such identifying words.
Since these forward-looking statements are based upon cur-
rent expectations of future events and projections and are subject
to a number of risks and uncertainties, many of which are beyond
our control, actual results or outcomes may differ materially
from those expressed or implied herein, and you should not place
undue reliance on these statements. Important factors that could
cause our actual results to differ materially from those expressed
or implied herein include, without limitation:
• the impact of unusual items resulting from the implementa-
tion of new business strategies, acquisitions and divestitures
or current and proposed restructuring activities;
• diffi culties or delays in the integration of operations of
acquired businesses and our ability to achieve anticipated syn-
ergies and effi ciencies with respect to those acquisitions;
• the impact of fl uctuations in the cost of raw materials;
• interest rate and exchange rate fl uctuations;
• the loss of, or a signifi cant reduction in, sales to a signifi cant
retail customer;
• competitive promotional activity or spending by competi-
tors or price reductions by competitors;
• the introduction of new product features or technological
developments by competitors and/or the development of
new competitors or competitive brands;
• the effects of general economic conditions, including infl a-
tion, labor costs and stock market volatility or changes in
trade, monetary or fi scal policies in the countries where we
do business;
• changes in consumer preferences and demand for our
products;
• our ability to develop and successfully introduce new prod-
ucts, protect our intellectual property and avoid infringing
upon the intellectual property of third parties;
• our ability to successfully implement, achieve and sustain
manufacturing and distribution cost effi ciencies and
improvements, and fully realize anticipated cost savings;
• the cost and effect of unanticipated legal, tax or regulatory
proceedings or new laws or regulations (including environ-
mental, public health and consumer protection regulations);
• public perception regarding the safety of our products,
including the potential for environmental liabilities, prod-
uct liability claims, litigation and other claims;
• changes in accounting policies applicable to our business;
• government regulations;
• the seasonal nature of sales of our products;
• weather conditions, primarily during the peak lawn and gar-
den season; and
• the effects of political or economic conditions, terrorist
attacks, acts of war or other unrest in international markets.
Some of the above-mentioned factors are described in further
detail in the immediately following section entitled “Risk Factors.”
You should assume the information appearing in this Annual Report
2006 Form 10-K Annual Report
Spectrum Brands, Inc.