Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934


Download 2.35 Mb.
NameAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934
page1/40
A typeReport
manual-guide.com > manual > Report
  1   2   3   4   5   6   7   8   9   ...   40


Use these links to rapidly review the document

Table of Contents

Table of Contents
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
FORM 10-K

 

 

 

ý

 

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the fiscal year ended December 31, 2009


or


o


 


TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from                                to                                 


 

Commission File No. 0-51754
CROCS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware

 

20-2164234

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

6328 Monarch Park Place

Niwot, Colorado 80503

(303) 848-7000

(Address, including zip code and telephone number, including area code, of registrant's principal executive offices)
Securities registered pursuant to Section 12(b) of the Act:

 

 

 

Title of each class: 

 

Name of each exchange on which registered: 

Common Stock, par value $0.001 per share

 

The NASDAQ Global Select Market

Securities registered pursuant to Section 12(g) of the Act:

None
         Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o    No ý
         Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o    No ý
         Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  ý     No  o
         Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T §232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files. Yes  o     No  o
         Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of the Form 10-K or any amendment to the Form 10-K.  ý .
         Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

 

 

 

 

 

 

 

Large accelerated filer o

 

Accelerated filer ý

 

Non-accelerated filer o

 

Smaller reporting company o

         Indicate by check mark whether the registrant is shell company (as defined in Rule 12b-2 of the Act). Yes o    No ý
         The aggregate market value of the voting common stock held by non-affiliates of the registrant as of June 30, 2009 was $239,530,428. For the purpose of the foregoing calculation only, all directors and executive officers of the registrant and owners of more than 5% of the registrant's common stock are assumed to be affiliates of the registrant. This determination of affiliate status is not necessarily conclusive for any other purpose.
         The number of shares of the registrant's common stock outstanding as of January 31, 2010 was 85,670,762.
DOCUMENTS INCORPORATED BY REFERENCE
         Part III incorporates certain information by reference from the registrant's proxy statement for the 2010 annual meeting of stockholders to be filed no later than 120 days after the end of the registrant's fiscal year ended December 31, 2009.


Table of Contents

Crocs, Inc.

2009 Annual Report on Form 10-K



Table of Contents




 

 

 

 

 

PART I

Item 1.

 

Business

 

2

Item 1A.

 

Risk Factors

 

13

Item 1B.

 

Unresolved Staff Comments

 

28

Item 2.

 

Properties

 

28

Item 3.

 

Legal Proceedings

 

29

Item 4.

 

Submission of Matters to a Vote of Security Holders

 

31

PART II

Item 5.

 

Market for the Registrant's Common Equity and Related Stockholder Matters

 

32

Item 6.

 

Selected Financial Data

 

35

Item 7.

 

Management's Discussion and Analysis of Financial Condition and Results of Operations

 

36

Item 7A.

 

Quantitative and Qualitative Disclosures About Market Risk

 

61

Item 8.

 

Financial Statements and Supplementary Data

 

62

Item 9.

 

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 

62

Item 9A.

 

Controls and Procedures

 

63

Item 9B.

 

Other Information

 

65

PART III

Item 10.

 

Directors, Executive Officers and Corporate Governance

 

65

Item 11.

 

Executive Compensation

 

65

Item 12.

 

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 

65

Item 13.

 

Certain Relationships and Related Transactions, and Director Independence

 

66

Item 14.

 

Principal Accounting Fees and Services

 

66

PART IV

Item 15.

 

Exhibits, Financial Statement Schedules

 

67

Signatures

 

71


Table of Contents

FORWARD-LOOKING INFORMATION
        Throughout this report, references to the "Company," "we," "us" and "our" refer to Crocs, Inc. and its consolidated subsidiaries, unless the context indicates otherwise.
        Statements in this Form 10-K and in documents incorporated by reference herein (or otherwise made by us or on our behalf) contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, we may make other written and oral communications from time to time that contain such statements. Forward looking statements include statements as to industry trends and our future expectations and other matters that do not relate strictly to historical facts and are based on certain assumptions of our management. These statements are often identified by the use of words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," "are likely" or "continue," and similar expressions or variations. These statements are based on the beliefs and assumptions of our management based on information currently available to us. Such forward looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Important factors that could cause actual results to differ materially from the forward looking statements include, without limitation, the following risk factors:


macroeconomic issues, including, but not limited to, the current global financial crisis;



our ability to effectively manage our future growth or declines in revenue;



changing fashion trends;



our ability to maintain and expand revenues and gross margin, net of the impact of sales of impaired inventories;



our management and information systems infrastructure;



our ability to repatriate cash held in foreign locations in a timely and cost-effective manner;



our ability to maintain compliance with our debt covenants;



our ability to maintain sufficient liquidity;



our ability to develop and sell new products;



our ability to obtain and protect intellectual property rights;



our reliance on third-party manufacturing and logistics providers for the production and distribution of products;



our ability to anticipate difficulties or disruptions to our manufacturing operations;



our reliance on a limited source supply for certain raw materials;



inherent risks associated with the manufacture, distribution and sale of our products overseas;



our ability to meet the estimates or expectations of public market analysts and investors;



seasonal variations in our business;



our ability to accurately anticipate and respond to seasonal or quarterly fluctuations in demand for our products;



our ability to maintain effective internal controls;



our defense and the ultimate outcome of a pending class action lawsuit;



our ability to attract, assimilate and retain adequate talent;
1


Table of Contents


our ability to maintain and improve business relationships with third parties selling our products;



the effect of competition in our industry;



our ability to successfully integrate and grow acquired businesses and brands; and



the effect of potential adverse currency exchange rate fluctuations.
        We caution the reader to carefully consider all such factors, including those described in Item 1A. "Risk Factors". Furthermore, such forward looking statements speak only as of the date of this report. We undertake no obligation to update any forward looking statements to reflect events or circumstances after the date of such statements.

  1   2   3   4   5   6   7   8   9   ...   40

Share in:

Related:

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconÞ annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconÞ annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15 (d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconÝ annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconÞ annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934

Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconAnnual report pursuant to section 13 or 15(d) of the securities exchange act of 1934




manual


When copying material provide a link © 2017
contacts
manual-guide.com
search