Stamps.com 2014 Annual Report Download - page 28

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None.
Our corporate headquarters are located in El Segundo, California where we own a 99,600 square foot facility, under which we occupy a portion
of the space and lease a portion to third party tenants. We believe that our existing facilities are suitable and adequate for our present purposes.
We also have operating lease properties for certain of our subsidiaries.
On August 11, 2014, PSI Systems, Inc., D/B/A Endicia, filed suit against Auctane, LLC, D/B/A ShipStation (our wholly-
owned subsidiary), in
the United States District Court for the Western District of Texas, alleging, among other claims, that ShipStation breached its contract with
Endicia by violating a customer non-
solicit provision. Endicia sought preliminary and permanent injunctive relief, unspecified damages,
attorneys’ fees and court costs. We entered into a settlement agreement effective December 19, 2014 resolving the lawsuit.
On August 14, 2014, Rapid Enterprises, LLC, D/B/A Express One, filed suit against ShipStation and some of its executives in the Third Judicial
District Court for Salt Lake County, Utah, alleging, among other claims, that ShipStation breached its contract with Express One by violating an
exclusivity provision. Express One seeks an injunction, damages, attorneys’
fees and court costs. On December 12, 2014, Express One added
additional claims and Stamps.com and our Chief Executive Officer as named defendants.
We are also subject to various routine legal proceedings and claims incidental to our business, and we do not believe that these proceedings and
claims would reasonably be expected to have a material adverse effect on our financial position, results of operations or cash flows.
Not applicable.
23
Table of Contents
ITEM 1B.
UNRESOLVED STAFF COMMENTS.
ITEM 2.
PROPERTIES.
ITEM 3.
LEGAL PROCEEDINGS.
ITEM 4. MINE SAFETY DISCLOSURES.