Stagwell Inc 10-K

Item 2. Properties 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. 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. Certain of these leases are subject to rent reviews or contain various escalation clauses and certain of our leases require our payment of various operating expenses, which may also be subject to escalation. In addition, leases related to the Company’s non-U.S. businesses are denominated in currencies other than U.S. dollars and are therefore subject to changes in foreign exchange rates. 39 Table of Contents The table below provides a brief description of all locations in which office space is maintained and the related reportable segment. Reportable Segment Office Locations 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 Media Network California, New York, Texas, Paris, Tokyo, China, Florida, Amsterdam, UK, Canada, India, Virginia and Utah 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 All Other Toronto Corporate New York, Washington D.C., California, Tampa and Washington Item 3. Legal Proceedings In the ordinary course of business, we are involved in various legal proceedings. We do not currently expect that these proceedings will have a material adverse effect on our results of operations, cash flows or financial position. Item 4. Mine Safety Disclosures Not applicable.