−Removed: See Note 10 of the Notes to the Consolidated Financial Statements included in this Annual Report for a discussion of the Company’s lease commitments and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for the impact of occupancy costs on the Company’s operating expenses.
+Added: See Note 10 of the Notes to the Audited Consolidated Financial Statements (the “Notes”) included herein included in this Annual Report for a discussion of the Company’s lease commitments and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for a discussion of the impact of occupancy costs on the Company’s operating expenses.
The Company maintains office space in many cities in North America, Europe, Asia, South America, and Australia.
This space is primarily used for office and administrative purposes by the Company’s employees in performing professional services.
−Removed: This office space is in suitable and well-maintained condition for MDC’s current operations.
+Added: This office space is in suitable and well-maintained condition for Stagwell’s current operations.
All of the Company’s materially important office space is leased from third parties with varying expiration dates.
5 unchanged sentences
Reportable Segment Office Locations
−Removed: Integrated Networks - Group A Los Angeles, Venice, CA, Playa Vista, Redwood City, New York, Netherlands, Canada, UK, China, Germany, Minneapolis, New Jersey, Atlanta, Indianapolis, India
−Removed: Integrated Networks - Group B Los Angeles, Santa Monica, San Francisco, New York, Netherlands, Australia, Singapore, UK, Boulder, Brazil, China, Portland, Canada, Detroit, Cleveland, Norwalk, Atlanta, Pennsylvania, Chicago, Minneapolis
−Removed: Media & Data Services New York, Canada, India, Los Angeles, Austin, Century City, UK
−Removed: All Other Atlanta, Austin, Boston, Dallas, Ft.
−Removed: Lauderdale, Miramar, Los Angeles, New York, Portland, San Diego, San Francisco, Scottsdale, Seattle, Washington, China, Singapore, Thailand, UK, Tokyo, Germany, Canada, Sweden, Virginia
−Removed: Corporate New York, Washington D.C.
+Added: Integrated Agencies Network California, New York, Netherlands, UK, Australia, Singapore, Brazil, Denver, Portland, Canada, China, Berlin, Bangalore, Atlanta, Indianapolis, Minneapolis, Connecticut, Michigan, Cleveland, Pennsylvania, Chicago, Philippines, Argentina, Sweden and Florida
+Added: Media Network California, New York, Texas, Paris, Tokyo, China, Florida, Amsterdam, UK, Canada, India, Virginia and Utah
+Added: Communications Network Washington D.C., New York, China, Japan, Singapore, Thailand, Arizona, California, Atlanta, Massachusetts, Portland, Seattle, Canada, Germany, UK, India, Korea, Russia, Maryland, South Carolina and Arlington
+Added: All Other Toronto
+Added: Corporate New York, Washington D.C., California, Tampa and Washington
Legal Proceedings
In the ordinary course of business, we are involved in various legal proceedings.
−Removed: We currently do not expect that these proceedings will have a material adverse effect on our results of operations, cash flows or financial position.
+Added: We do not currently expect that these proceedings will have a material adverse effect on our results of operations, cash flows or financial position.
Mine Safety Disclosures
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.