Rayovac 2015 Annual Report Download - page 15

Filing Format
This combined Form 10-K is being filed separately by Spectrum Brands Holdings, Inc. (“SBH”) and SB/RH
Holdings, LLC (“SB/RH”) (collectively, the “Company”). SB/RH is a wholly-owned subsidiary of SBH and
represents a majority of its assets, liabilities, revenues, expenses and operations. Thus, all information contained
in this report relates to, and is filed by, SBH. Information that is specifically identified in this report as relating
solely to SBH, such as its financial statements and its common stock, does not relate to and is not filed by
SB/RH. SB/RH makes no representation as to that information. The terms “the Company,” “we,” and “our” as
used in this report, refer to both SBH and its consolidated subsidiaries and SB/RH and its consolidated
subsidiaries, unless otherwise indicated. The terms “SBH” and “SB/RH” refer to Spectrum Brands Holdings, Inc.
and SB/RH Holdings, LLC, respectively.
Forward-Looking Statements
We have made or implied certain forward-looking statements in this Annual Report on Form 10-K. All
statements, other than statements of historical facts included in this Annual Report, including the statements
under Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
regarding our business strategy, future operations, financial condition, estimated revenues, 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 our current expectations of future events and
projections and are subject to a number of risks and uncertainties, many of which are beyond our control and
some of which may change rapidly, 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 our indebtedness on our business, financial condition and results of operations;
• the impact of restrictions in our debt instruments on our ability to operate our business, finance our
capital needs or pursue or expand business strategies;
• any failure to comply with financial covenants and other provisions and restrictions of our debt
instruments;
• the impact of expenses resulting from the implementation of new business strategies, divestitures or
current and proposed restructuring activities;
• our inability to successfully integrate and operate new acquisitions at the level of financial performance
anticipated;
• the unanticipated loss of key members of senior management;
• the impact of fluctuations in commodity prices, costs or availability of raw materials or terms and
conditions available from suppliers, including suppliers’ willingness to advance credit;
• interest rate and exchange rate fluctuations;
• the loss of, or a significant reduction in, sales to any significant retail customer(s);
• competitive promotional activity or spending by competitors, 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;
1