Investor Relations
Equity Ownership by Management
Equity is an important component of GeoEye's compensation package for executive management. The Company believes it is important for the management team to have its interests aligned with those of the Company's investors. The Company's executives receive equity as part of long-term incentive plans; they often receive it as part of annual incentive awards.
Additionally, executives have the option of receiving a portion of their base annual compensation in the form of stock. From time to time as shares vest, to avoid the necessity of paying cash for income and payroll taxes on "dry" income for which no cash has been received, executives may choose to have withholding taxes paid out of the vested shares. In effect, the Company purchases back from the executive an amount of stock whose fair market value is equal to the required tax withholding and pays the withheld amount to the tax authorities. The purchase must be reported by the executives as a sale.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will," and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures, and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in "Risk Factors" included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2008, which we filed with the Securities and Exchange Commission (SEC) on April 2, 2009, and our Quarterly Report on Form 10-Q for the period ended March 31, 2009 and June 30, 2009, which we filed with the SEC on May 12, 2009 and Aug. 10, 2009, respectively. A copy of all SEC filings may be obtained from the SEC's EDGAR Web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel, and Secretary, at 703.480.5672.