−Removed: 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.
−Removed: The Company maintains office space in many cities in North America, Europe, Asia, South America, and Australia.
+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.
+Added: The Company maintains office space in North America, Africa, 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.
−Removed: 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.
4 unchanged sentences
Reportable Segment Office Locations
−Removed: 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
−Removed: Media Network California, New York, Texas, Paris, Tokyo, China, Florida, Amsterdam, UK, Canada, India, Virginia and Utah
−Removed: 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
−Removed: All Other Toronto
−Removed: Corporate New York, Washington D.C., California, Tampa and Washington
+Added: Integrated Agencies Network Argentina, Australia, California, Canada, China, Connecticut, Florida, Georgia, Germany, Illinois, India, Indiana, Michigan, Minnesota, New York, Netherlands, Oregon, Pennsylvania, Philippines, United Kingdom, and Virginia
+Added: Brand Performance Network Brazil, California, Canada, China, Colorado, Egypt, France, Japan, Florida, Germany, Hong Kong, India, Italy, Korea, Maryland, Mexico, Netherlands, New York, Poland, Singapore, South Carolina, Spain, Sweden, Taiwan, Texas, United Kingdom, United Arab Emirates, Utah, and Virginia
+Added: Communications Network California, China, Georgia, Germany, Japan, Massachusetts, North Carolina, Oregon, Singapore, Thailand, and Virginia, Washington, and Washington D.C.
+Added: All Other Argentina, Canada, Illinois, and United Kingdom
+Added: Corporate California, Florida, New York, Washington, and Washington D.C.
Legal Proceedings
4 unchanged sentences
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.