DREDGECAP
SHOP Overview
20-FFebruary 17, 20162/17/16· Fiscal Year Ended December 31, 2015· FY-End 12/31/15

SHOP20-F Filing

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SHOP 20-F Summary

F. Tabular Disclosure of Contractual ObligationsSee "Contractual Obligations and Contingencies" within the MD&A attached hereto as Exhibit 15.1. G. Safe HarborPlease see “Forward Looking Information” on page 6 of this Annual Report.49Item 6. Directors, Senior Management and EmployeesA. Directors and Senior ManagementThe following table sets forth certain information relating to our directors and executive officers as of February 9, 2016. The address for our directors and executive officers is c/o Shopify Inc., 150 Elgin Street, 8th Floor, Ottawa, Ontario, Canada K2P 1L4. Name andPlace of ResidenceAgePositionPrincipal OccupationTobias LütkeOntario, Canada35Chief Executive OfficerChairman of the BoardChief Executive Officer, ShopifyRussell JonesOntario, Canada56Chief Financial OfficerChief Financial Officer, ShopifyHarley FinkelsteinOntario, Canada32Chief Operating OfficerChief Operating Officer, ShopifyDaniel WeinandOntario, Canada36Chief Design OfficerChief Design Officer, ShopifyCraig MillerOntario, Canada33Chief Marketing OfficerChief Marketing Officer, ShopifyBrittany ForsythOntario, Canada28Senior Vice President of Human RelationsSenior Vice President of Human Relations, ShopifyJoseph FrascaOntario, Canada42Senior Vice President, General Counsel and SecretarySenior Vice President, General Counsel and Secretary, ShopifyJean-Michel LemieuxOntario, Canada43Senior Vice President, EngineeringSenior Vice President, Engineering, ShopifyRobert AsheOntario, Canada56DirectorCorporate directorSteven CollinsFlorida, United States51DirectorCorporate directorJeremy LevineNew York, United States42DirectorPartner, Bessemer Venture PartnersTrevor OelschigCalifornia, United States41DirectorPartner, Bessemer Venture PartnersJohn PhillipsOntario, Canada65DirectorCorporate…

SHOP Legal Proceedings Disclosed

Other Proceeding
Extracted from SHOP’s 20-F filed February 17, 2016. The text below is the company’s own disclosure language; DredgeCap has not paraphrased, classified, or summarized it.
, as well as demands, claims and threatened litigation, that arise in the normal course of our business. In particular, as is common in our industry, we have received notices alleging that we infringe patents belonging to various third parties. These notices are dealt with in accordance with our internal procedures, which include assessing the merits of each notice and seeking, where appropriate, a business resolution. Where a business resolution cannot be reached, litigation may be necessary. The ultimate outcome of any litigation is uncertain, and regardless of outcome, litigation can have an adverse impact on our business because of defense costs, negative publicity, diversion of management resources and other factors. Our failure to obtain any necessary license or other rights on commercially reasonable terms, or otherwise, or litigation arising out of intellectual property claims could materially adversely affect our business. As of the date of this document, we are not party to any litigation that we believe is material to our business.Dividend PolicyWe currently intend to retain any future earnings to fund the development and growth of our business and we do not currently anticipate paying dividends. Any determination to pay dividends to holders of shares in the future will be at the discretion of our board of directors and will depend on many factors, including our financial condition, earnings, legal requirements and other factors as the board of directors deems relevant. In addition, our outstanding Credit Agreements limit our ability to pay dividends and we may in the future become subject to debt instruments or other agreements that further limit our ability to pay dividends.B. Significant ChangesNo significant changes have occurred since the date of the audited consolidated financial statements which are found immediately following the text of this Annual Report.
Disclosure:Legal proceedings described above may contain allegations that have not been proven. Filings often disclose claims that are later dismissed, settled, or resolved without admission of wrongdoing. DredgeCap surfaces the company’s own disclosure language for investor-risk research only. This is not legal advice or investment advice.
Current DredgeCap Risk Profile
2.8/10
LOW RISK
Dilution Risk
LOW2.5/10
Liquidity Risk
LOW1.5/10
Debt Toxicity
LOW2.0/10
Profitability Risk
MODERATE3.5/10
Going Concern✓ Not flagged
The risk profile above reflects the latest cached DredgeCap analysis for SHOP. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open SHOP's company page.

What is a 20-F?

An annual report filed by foreign private issuers — non-US-incorporated companies that trade on US exchanges. Functionally analogous to a 10-K but uses IFRS or home-country GAAP and follows different timing requirements.

More on SHOP

Dilution Analysis
Debt Structure
Going Concern
Full Financials
The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.