iRobot 2005 Annual Report Download - page 37

ITEM 1B. UNRESOLVED STAFF COMMENTS
Not applicable.
ITEM 2. PROPERTIES
Our corporate headquarters are located in Burlington, Massachusetts, where we lease approximately
82,000 square feet. This lease expires on December 31, 2008. We lease 6,150 square feet of space at an
adjacent facility in Burlington for our prototype work on unmanned ground vehicles. We also lease
7,550 square feet in Mysore, India and we lease smaller facilities in Hong Kong; San Luis Obispo, California;
and Crystal City, Virginia. We do not own any real property. We believe that our leased facilities and
additional or alternative space available to us will be adequate to meet our needs for the foreseeable future.
ITEM 3. LEGAL PROCEEDINGS
From time to time in the ordinary course of our business, we may be involved in disputes or litigation
relating to claims arising out of our operations. The outcome of litigation cannot be predicted with certainty
and some lawsuits, claims or proceedings may be disposed of unfavorably to us, which could materially and
adversely affect our financial condition or results of operations.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On October 10, 2005, we sent a written consent to our stockholders requesting approval of the following
matters in connection with our proposed initial public offering: (i) the amendment and restatement of our
Amended and Restated Certificate of Incorporation to provide for certain corporate governance requirements
and increases to our authorized capital stock to be effective prior to the closing of the offering; (ii) the election
of Colin M. Angle and Ronald Chwang, to serve as Class I directors until the date of the annual meeting of
stockholders next following the year ending December 31, 2005 or until his earlier death, resignation or
removal; (iii) the election of Helen Greiner, George C. McNamee and Peter Meekin to serve as Class II
directors until the date of the annual meeting of stockholders next following the year ending December 31,
2006 or until his or her earlier death, resignation or removal; (iv) the election of Rodney A. Brooks, Andrea
Geisser and Jacques S. Gansler to serve as Class III directors until the date of the annual meeting of
stockholders next following the year ending December 31, 2007 or until his earlier death, resignation or
removal; (v) the amendment and restatement of our Amended and Restated By-laws to provide for certain
changes consistent with our becoming a public company; (vi) the further amendment and restatement of our
Amended and Restated Certificate of Incorporation to eliminated the terms of our preferred stock outstanding
prior to the closing of the offering; and (vii) the adoption of our 2005 Stock Option and Incentive Plan. All
such actions were effected pursuant to an action by written consent of our stockholders pursuant to
Section 228 of the Delaware General Corporation Law.
A total of 13,527,303 shares of our stock out of 19,964,633 shares issued and outstanding (on an as-
converted to common stock basis) voted in favor of these matters.
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock commenced trading on the Nasdaq National Market on November 9, 2005 under the
symbol ""IRBT''. The following table sets forth the high and low sale prices for our common stock for fiscal
2005 since our initial public offering as reported on the Nasdaq National Market.
High Low
Fiscal 2005:
Fourth quarter* ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $37.33 $26.29
* Our common stock began trading on November 9, 2005.
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