FORM 20-F - Check Point

More documents

Recommendations

Info

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934: Yes � No � Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes � No � Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes � No � Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definitions of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. Large Accelerated filer � Accelerated filer � Non-accelerated filer � Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: � U.S. GAAP � International Financial Reporting Standards as issued by the International Accounting Standards Board � Other If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. Item 17 � Item 18 � If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes � No � 2
UTABLE OF CONTENTS PART I Item 1. Identity of Directors, Senior Management and Advisers ............................................................................. 5 Item 2. Offer Statistics and Expected Timetable ...................................................................................................... 5 Item 3. Key Information ........................................................................................................................................... 5 Item 4. Information on <strong>Check</strong> <strong>Point</strong> ......................................................................................................................... 19 Item 4A. Unresolved Staff Comments ........................................................................................................................ 31 Item 5. Operating and Financial Review and Prospects ........................................................................................... 32 Item 6. Directors, Senior Management and Employees ........................................................................................... 52 Item 7. Major Shareholders and Related Party Transactions ................................................................................... 63 Item 8. Financial Information ................................................................................................................................... 64 Item 9. The Offer and Listing ................................................................................................................................... 66 Item 10. Additional Information ................................................................................................................................ 66 Item 11. Quantitative and Qualitative Disclosures about Market Risk ...................................................................... 80 Item 12. Description of Securities Other than Equity Securities ................................................................................ 82 PART II Item 13. Defaults, Dividend Arrearages and Delinquencies ...................................................................................... 83 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds ......................................... 83 Item 15. Controls and Procedures .............................................................................................................................. 83 Item 16. Reserved ....................................................................................................................................................... 84 Item 16A. Audit Committee Financial Expert .............................................................................................................. 84 Item 16B. Code of Ethics .............................................................................................................................................. 84 Item 16C. Principal Accountant Fees and Services ...................................................................................................... 84 Item 16D. Exemptions from the Listing Standards for Audit Committees ................................................................... 85 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers ...................................................... 85 Item 16F. Change in Registrant’s Certifying Accountant ............................................................................................ 87 Item 16G. Corporate Governance ................................................................................................................................ 87 PART III Item 17. Financial Statements .................................................................................................................................... 88 Item 18. Financial Statements .................................................................................................................................... 88 Item 19. Exhibits ........................................................................................................................................................ 89 3
Page 1: SECURITIES AND EXCHANGE COMMISSION
Page 5 and 6: ITEM 1. IDENTITY OF DIRECTORS, SENI
Page 7 and 8: 2005 2006 December 31, 2007 (in tho
Page 9 and 10: Our future operating results will d
Page 11 and 12: equires significant time and resour
Page 13 and 14: that we pay SofaWare NIS 13 million
Page 15 and 16: Compliance with new and changing co
Page 17 and 18: Our business and operations are sub
Page 19 and 20: Also, the volatility in the foreign
Page 21 and 22: Finally, another key trend affectin
Page 23 and 24: Our endpoint security offerings pro
Page 25 and 26: � Security and Network Traffic En
Page 27 and 28: Collaborative Enterprise Support (
Page 29 and 30: Check Point Software Technologies (
Page 31 and 32: Property, Plants and Equipment Our
Page 33 and 34: We derive our sales primarily throu
Page 35 and 36: Management makes estimates of fair
Page 37 and 38: Equity-based compensation expense W
Page 39 and 40: Results of operations The following
Page 41 and 42: Total revenues in 2008 grew by 11%
Page 43 and 44: General and Administrative General
Page 45 and 46: Quarterly Results of Operations The
Page 47 and 48: As a percentage of total revenues:
Page 49 and 50: Liquidity and Capital Resources Dur
Page 51 and 52: Off-Balance Sheet Arrangements We a
Page 53 and 54:
Tal Payne has served as our Chief F
Page 55 and 56:
Each non-employee director who is f
Page 57 and 58:
Nominating committee. The nominatin
Page 59 and 60:
Equity Incentive Plans The followin
Page 61 and 62:
Trustee. A trustee designated by ou
Page 63 and 64:
ITEM 7. MAJOR SHAREHOLDERS AND RELA
Page 65 and 66:
eceived on December 27, 2007) and N
Page 67 and 68:
Articles of Association and Israeli
Page 69 and 70:
Election of directors. Our ordinary
Page 71 and 72:
Approval of certain transactions; o
Page 73 and 74:
o In a criminal action in which the
Page 75 and 76:
(as shown in the table below). The
Page 77 and 78:
converted into freely repatriable U
Page 79 and 80:
income. A shareholder who does not
Page 81 and 82:
The table below provides informatio
Page 83 and 84:
PART II ITEM 13. DEFAULTS, DIVIDEND
Page 85 and 86:
Our controller reviews all manageme
Page 87 and 88:
ITEM 16F. CHANGE IN REGISTRANT’S
Page 89 and 90:
ITEM 19. EXHIBITS 1 Articles of Ass
Page 91 and 92:
CHECK POINT SOFTWARE TECHNOLOGIES L
Page 93 and 94:
F- 3 Kost Forer Gabbay & Kasierer 3
Page 95 and 96:
F- 5 Kost Forer Gabbay & Kasierer 3
Page 97 and 98:
CONSOLIDATED BALANCE SHEETS U.S. do
Page 99 and 100:
STATEMENTS OF CHANGES IN SHAREHOLDE
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
[This Page Intentionally Left Blank
Page 143 and 144:
Exhibit 12.1 I, Gil Shwed, certify
Page 145 and 146:
Exhibit 13 CERTIFICATION PURSUANT T
show all

FORM 20-F - Check Point

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?