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STAMPS.COM INC.
FORM 10-K ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2006
TABLE OF CONTENTS
i
Page
PART I.
1
Item 1. Business
1
Item 1A. Risk Factors
10
Item 1B. Unresolved Staff Comments
16
Item 2. Properties
16
Item 3. Legal Proceedings
16
Item 4.
Submission of Matters to a Vote of Security Holders
17
PART II.
18
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and
Issuer Repurchases of Equity Securities
18
Item 6. Selected Financial Data
20
Item 7. Management’s Discussion and Analysis Of Financial Condition and Results of Operations
21
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
31
Item 8. Financial Statements and Supplementary Data
31
Item 9. Changes in And Disagreements With Accountants on Accounting and Financial Disclosure
31
Item 9A. Controls and Procedures
31
Item 9B. Other Information
32
PART III.
34
Item 10. Directors and Executive Officers of the Registrant
34
Item 11. Executive Compensation
34
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
34
Item 13. Certain Relationships and Related Transactions, and Director Independence
34
Item 14. Principal Accounting Fees and Services
34
PART IV.
35
Item 15.
Exhibits, Financial Statement Schedules
35