Appliance Recycling Centers of America (ARCI)

ARCI » Topics » We may not be able to operate successfully if we lose key personnel, are unable to hire qualified personnel, or experience turnover of our management team.

These excerpts taken from the ARCI 10-K filed Mar 20, 2009.

We may not be able to operate successfully if we lose key personnel, are unable to hire qualified personnel or experience turnover of our management team.

 

We believe our operations are materially dependent upon the continued services of our present management.  The loss of services of one or more members of present management, including Edward R. (“Jack”) Cameron, our founder, Chairman

 

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of the Board and current CEO, could adversely affect our business.  We do not have employment contracts with present management.  We maintain key person insurance on the life of Mr. Cameron in the amount of $1.0 million.

 

We
may not be able to operate successfully if we lose key personnel, are unable to
hire qualified personnel or experience turnover of our management team.



 



We believe our operations
are materially dependent upon the continued services of our present
management.  The loss of services of one
or more members of present management, including Edward R. (“Jack”) Cameron,
our founder, Chairman



 



13
















Table of Contents



 



of the Board and current
CEO, could adversely affect our business. 
We do not have employment contracts with present management.  We maintain key person insurance on the life
of Mr. Cameron in the amount of $1.0 million.



 



These excerpts taken from the ARCI 10-K filed Mar 28, 2008.

We may not be able to operate successfully if we lose key personnel, are unable to hire qualified personnel, or experience turnover of our management team.

 

We believe our operations are materially dependent upon the continued services of our present management.  The loss of services of one or more members of present management, including Edward R. (Jack) Cameron, our founder, Chairman of the Board and current CEO, could adversely affect our business.  We do not have

 

15



 

employment contracts with present management.  We maintain key person insurance on the life of Mr. Cameron in the amount of $1,000,000.

 

We may not be able to operate successfully if we lose key personnel,
are unable to hire qualified personnel, or experience turnover of our
management team.



 



We
believe our operations are materially dependent upon the continued services of
our present management.  The loss of
services of one or more members of present management, including Edward R.
(Jack) Cameron, our founder, Chairman of the Board and current CEO, could
adversely affect our business.  We do not
have



 



15
















 



employment
contracts with present management.  We
maintain key person insurance on the life of Mr. Cameron in the amount of
$1,000,000.



 



This excerpt taken from the ARCI 10-K filed Mar 29, 2007.

We may not be able to operate successfully if we lose key personnel, are unable to hire qualified personnel, or experience turnover of our management team.

We believe our operations are materially dependent upon the continued services of our present management.  The loss of services of one or more members of present management, including Edward R. (Jack) Cameron, our founder, Chairman of the Board and current CEO, could adversely affect our business.  We do not have employment contracts with present management.  We maintain key person insurance on the life of Mr. Cameron in the amount of $1,000,000.

This excerpt taken from the ARCI 10-K filed Mar 31, 2006.

We may not be able to operate successfully if we lose key personnel, are unable to hire qualified personnel, or experience turnover of our management team.

 

We believe our operations are materially dependent upon the continued services of our present management.  The loss of services of one or more members of present management, including Edward R. (Jack) Cameron, our founder, Chairman of the Board and current CEO, could adversely affect our business.  We do not have employment contracts with present management.  We maintain key person insurance on the life of Mr. Cameron in the amount of $1,000,000.

 

A competitor recently obtained a patent that covers appliance recycling methods and systems that we believe were developed by us.  We are seeking a permanent injunction barring the use of the patent in marketing their recycling services.  We may incur substantial costs in pursuing this injunction, which could have an adverse effect on our results of operations.

 

In December 2004, we filed suit in the U.S. District Court for the Central District of California alleging that JACO Environmental, Inc. and a former consultant of the company fraudulently obtained a patent (U.S. Patent No. 6,732,416) in May 2004 covering appliance recycling methods and systems originally developed by us beginning in 1987 and used in serving more than forty electric utility appliance recycling programs since that time.  In September 2005, we received a legally binding document in which JACO states it will not sue us or any of our customers for violating JACO’s recycling patent.  Therefore, our recycling operations will continue with our current contracts without interruption.  We are continuing to seek a permanent injunction barring JACO from using the patent to market JACO’s recycling services, due to our belief that the patent is invalid and unenforceable.  We are also asking the court for unspecified damages related to charges that JACO, in using the patent to promote its services, has engaged in unfair competition and false and misleading advertising under federal and California statutes. Also, we may incur substantial costs in pursuing this injunction, which could have an adverse effect on our results of operations.

 

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