AHPI » Topics » If we are unable to hire or retain key employees, it could have a negative impact on our business.

This excerpt taken from the AHPI 10-K filed Sep 25, 2009.

If we are unable to hire or retain key employees, it could have a negative impact on our business.

Our failure to attract and retain skilled personnel could hinder the management of our business, our research and development, our sales and marketing efforts, and our manufacturing capabilities. However, there is no assurance that we will continue to be able to hire or retain key employees. We compete to hire new employees, and then must train them and develop their skills and competencies. Our operating results could be adversely affected by increased costs due to increased competition for employees, higher employee turnover or increased employee benefit costs. Any unplanned turnover could deplete our institutional knowledge base and erode our competitive advantage.

These excerpts taken from the AHPI 10-K filed Sep 26, 2008.
If we are unable to hire or retain key employees, it could have a negative impact on our business.
 
Our failure to attract and retain skilled personnel could hinder the management of our business, our research and development, our sales and marketing efforts, and our manufacturing capabilities. However, there is no assurance that we will continue to be able to hire or retain key employees. We compete to hire new employees, and then must train them and develop their skills and competencies. Our operating results could be adversely affected by increased costs due to increased competition for employees, higher employee turnover or increased employee benefit costs. Any unplanned turnover could deplete our institutional knowledge base and erode our competitive advantage.
 
Item 1B.   Unresolved Staff Comments
 
Not applicable.
 
Item 2.   Properties
 
The Company’s headquarters are located in St. Louis, Missouri and the Company maintains manufacturing facilities in Missouri and New York. Set forth below is certain information with respect to the Company’s manufacturing facilities at June 30, 2008.
 
                     
    Square Footage
           
Location
  (Approximate)     Owned/Leased    
Activities/Products
 
St. Louis, Missouri
    270,000       Owned     Headquarters; medical gas equipment; respiratory care products; emergency medical products
Stuyvesant Falls, New York
    30,000       Owned     CO2 absorbent
 
In addition, the Company owns a 16.8-acre parcel of undeveloped land in Stuyvesant Falls, New York.


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Item 3.   Legal Proceedings
 
Product liability lawsuits are filed against the Company from time to time for various injuries alleged to have resulted from defects in the manufacture and/or design of the Company’s products. . Several such proceedings are currently pending, which are not expected to have a material adverse effect on the Company. The Company maintains comprehensive general liability insurance coverage which it believes to be adequate for the continued operation of its business, including coverage of product liability claims.
 
In addition, from time to time the Company’s products may be subject to product recalls in order to correct design or manufacturing flaws in such products. The Company intends to continue to conduct business in such a manner as to avert any FDA action seeking to interrupt or suspend manufacturing or require any recall or modification of products.
 
Item 4.   Submission of Matters to a Vote of Security Holders
 
None


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If we
are unable to hire or retain key employees, it could have a
negative impact on our business.



 



Our failure to attract and retain skilled personnel could hinder
the management of our business, our research and development,
our sales and marketing efforts, and our manufacturing
capabilities. However, there is no assurance that we will
continue to be able to hire or retain key employees. We compete
to hire new employees, and then must train them and develop
their skills and competencies. Our operating results could be
adversely affected by increased costs due to increased
competition for employees, higher employee turnover or increased
employee benefit costs. Any unplanned turnover could deplete our
institutional knowledge base and erode our competitive advantage.


 















Item 1B.  

Unresolved
Staff Comments



 



Not applicable.


 















Item 2.  

Properties


 



The Company’s headquarters are located in St. Louis,
Missouri and the Company maintains manufacturing facilities in
Missouri and New York. Set forth below is certain information
with respect to the Company’s manufacturing facilities at
June 30, 2008.


 





































































                     

 

 

Square Footage



 

 

 

 

 

 


Location


 

(Approximate)

 

 

Owned/Leased

 

 


Activities/Products

 


St. Louis, Missouri


 

 

270,000

 

 

 

Owned

 

 

Headquarters; medical gas equipment; respiratory care products;
emergency medical products


Stuyvesant Falls, New York


 

 

30,000

 

 

 

Owned

 

 

CO2
absorbent






 



In addition, the Company owns a 16.8-acre parcel of undeveloped
land in Stuyvesant Falls, New York.





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Item 3.  

Legal
Proceedings



 



Product liability lawsuits are filed against the Company from
time to time for various injuries alleged to have resulted from
defects in the manufacture
and/or
design of the Company’s products. . Several such
proceedings are currently pending, which are not expected to
have a material adverse effect on the Company. The Company
maintains comprehensive general liability insurance coverage
which it believes to be adequate for the continued operation of
its business, including coverage of product liability claims.


 



In addition, from time to time the Company’s products may
be subject to product recalls in order to correct design or
manufacturing flaws in such products. The Company intends to
continue to conduct business in such a manner as to avert any
FDA action seeking to interrupt or suspend manufacturing or
require any recall or modification of products.


 















Item 4.  

Submission
of Matters to a Vote of Security Holders



 



None





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If we are unable to hire or retain key employees, it could have a negative impact on our business.
 
Our failure to attract and retain skilled personnel could hinder the management of our business, our research and development, our sales and marketing efforts, and our manufacturing capabilities. However, there is no assurance that we will continue to be able to hire or retain key employees. We compete to hire new employees, and then must train them and develop their skills and competencies. Our operating results could be adversely affected by increased costs due to increased competition for employees, higher employee turnover or increased employee benefit costs. Any unplanned turnover could deplete our institutional knowledge base and erode our competitive advantage.
 
Item 1B.   Unresolved Staff Comments
 
Not applicable.
 
Item 2.   Properties
 
The Company’s headquarters are located in St. Louis, Missouri and the Company maintains manufacturing facilities in Missouri and New York. Set forth below is certain information with respect to the Company’s manufacturing facilities at June 30, 2007.
 
                     
    Square Footage
           
Location
  (Approximate)     Owned/Leased    
Activities/Products
 
St. Louis, Missouri
    270,000       Owned     Headquarters; medical gas equipment; respiratory care products; emergency medical products
Stuyvesant Falls, New York
    30,000       Owned     CO2 absorbent
 
In addition, the Company owns a 16.8-acre parcel of undeveloped land in Stuyvesant Falls, New York.


13


Table of Contents

 
Item 3.   Legal Proceedings
 
Product liability lawsuits are filed against the Company from time to time for various injuries alleged to have resulted from defects in the manufacture and/or design of the Company’s products. There are no such proceedings currently pending. The Company maintains comprehensive general liability insurance coverage which it believes to be adequate for the continued operation of its business, including coverage of product liability claims.
 
In addition, from time to time the Company’s products may be subject to product recalls in order to correct design or manufacturing flaws in such products. The Company intends to continue to conduct business in such a manner as to avert any FDA action seeking to interrupt or suspend manufacturing or require any recall or modification of products.
 
Item 4.   Submission of Matters to a Vote of Security Holders
 
None


14


Table of Contents

 
This excerpt taken from the AHPI 10-K filed Sep 28, 2006.
If we are unable to hire or retain key employees, it could have a negative impact on our business.
 
Our failure to attract and retain skilled personnel could hinder the management of our business, our research and development, our sales and marketing efforts, and our manufacturing capabilities. However, there is no assurance that we will continue to be able to hire or retain key employees. We compete to hire new employees, and then must train them and develop their skills and competencies. Our operating results could be adversely affected by increased costs due to increased competition for employees, higher employee turnover or increased employee benefit costs. Any unplanned turnover could deplete our institutional knowledge base and erode our competitive advantage.
 
Item 1B.   Unresolved Staff Comments
 
Not applicable.
 
Item 2.   Properties
 
The Company’s headquarters are located in St. Louis, Missouri and the Company maintains manufacturing facilities in Missouri and New York. Set forth below is certain information with respect to the Company’s manufacturing facilities at June 30, 2006.
 
                     
    Square Footage
           
Location
  (Approximate)     Owned/Leased    
Activities/Products
 
St. Louis, Missouri
    270,000       Owned     Headquarters; medical gas equipment; respiratory
care products; emergency medical products
Stuyvesant Falls, New York
    30,000       Owned     CO2 absorbent
 
In addition, the Company owns a 16.8-acre parcel of undeveloped land in Stuyvesant Falls, New York.
 
Item 3.   Legal Proceedings
 
Product liability lawsuits are filed against the Company from time to time for various injuries alleged to have resulted from defects in the manufacture and/or design of the Company’s products. Several such proceedings are currently pending, which are not expected to have a material adverse effect on the Company. The Company maintains comprehensive general liability insurance coverage which it believes to be adequate for the continued operation of its business, including coverage of product liability claims.
 
In addition, from time to time the Company’s products may be subject to product recalls in order to correct design or manufacturing flaws in such products. The Company intends to continue to conduct business in such a manner as to avert any FDA action seeking to interrupt or suspend manufacturing or require any recall or modification of products.
 
Item 4.   Submission of Matters to a Vote of Security Holders
 
None


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