iRobot 2009 Annual Report Download - page 68

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directors, our by-laws may only be amended or repealed by the affirmative vote of the holders of at least 75% of our
shares of capital stock entitled to vote.
We have also adopted a shareholder rights agreement that entitles our stockholders to acquire shares of our
common stock at a price equal to 50% of the then-current market value in limited circumstances when a third party
acquires or announces its intention to acquire 15% or more of our outstanding common stock.
In addition, Section 203 of the Delaware General Corporation Law prohibits a publicly-held Delaware
corporation from engaging in a business combination with an interested stockholder, generally a person which
together with its affiliates owns, or within the last three years has owned, 15% of our voting stock, for a period of
three years after the date of the transaction in which the person became an interested stockholder, unless the
business combination is approved in a prescribed manner.
The existence of the foregoing provisions and anti-takeover measures could limit the price that investors might
be willing to pay in the future for shares of our common stock. They could also deter potential acquirers of our
company, thereby reducing the likelihood that you could receive a premium for your common stock in an
acquisition.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
Our corporate headquarters are located in Bedford, Massachusetts, where we lease approximately
157,000 square feet. This lease expires on May 1, 2020. We lease 15,700 square feet in Durham, North Carolina
supporting our government and industrial division’s unmanned underwater vehicles. We lease 6,150 square feet of
space at a facility in Burlington, Massachusetts, 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; Shenzhen, China; London,
England; 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 and in the ordinary course of business, we are subject to various claims, charges and
litigation. 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 affect our financial condition or results of operations.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
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