FGXI » Topics » We are heavily dependent on our current executive officers and management and the loss of any of them could adversely affect our ability to operate our business and to develop and market our products successfully.

This excerpt taken from the FGXI 10-K filed Mar 13, 2009.

We are heavily dependent on our current executive officers and management and the loss of any of them could adversely affect our ability to operate our business and to develop and market our products successfully.

        We believe that our future success is heavily dependent on the continuing contributions of our current executive officers and other members of management, as well as on our ability to attract and retain additional qualified management, design and sales and marketing personnel. We cannot be certain that any of them will not be recruited by our competitors or otherwise terminate their relationship with us. We do not carry key man life insurance. The loss of any key employee or the inability to attract or retain qualified personnel, including product design and sales and marketing personnel, could delay the development and introduction of, and harm our ability to sell, our products and damage our brands.

This excerpt taken from the FGXI 10-K filed Mar 14, 2008.

We are heavily dependent on our current executive officers and management and the loss of any of them could adversely affect our ability to operate our business and to develop and market our products successfully.

        We believe that our future success is heavily dependent on the continuing contributions of our current executive officers and other members of management, as well as on our ability to attract and retain additional qualified management, design and sales and marketing personnel. We cannot be certain that any of them will not be recruited by our competitors or otherwise terminate their relationship with us. We do not carry key man life insurance. The loss of any key employee or the inability to attract or retain qualified personnel, including product design and sales and marketing personnel, could delay the development and introduction of, and harm our ability to sell, our products and damage our brand.

This excerpt taken from the FGXI 10-Q filed Dec 7, 2007.

We are heavily dependent on our current executive officers and management and the loss of any of them could adversely affect our ability to operate our business and to develop and market our products successfully.

        We are heavily dependent on our current executive officers and management. We believe that our future success is highly dependent on the contributions of Alec Taylor, our Chief Executive Officer, Jack H. Flynn, Jr., our President, and Anthony Di Paola, our Chief Financial Officer. We have entered into an employment agreement (which includes a non-compete provision) with each of Mr. Taylor, Mr. Flynn and Mr. Di Paola; however, we cannot be certain that either of them will not be recruited by our competitors or otherwise terminate their relationship with us. For example, in April 2007, our then Chief Financial Officer resigned to pursue another opportunity notwithstanding the fact that he had not yet completed the term of his employment agreement with us. Our future success may also depend on our ability to attract and retain additional qualified management, design, sales and marketing personnel. We do not carry key man life insurance. The loss of any key employee or the inability to attract or retain qualified personnel, including product design, sales and marketing personnel, could delay the development and introduction of, and harm our ability to sell, our products and damage our brand.

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