Lexmark

Maker of computer printers.

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Headquarters:
One Lexmark Centre Drive
740 West New Circle Road
Lexington, KY 40550
Employees: 13,600
CEO: Paul Curlander
Stock Symbol: LXK

Website: http://www.lexmark.com

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Lexmark is a leading developer, manufacturer and supplier of printing and imaging solutions for customers in more than 150 countries. The company makes printers for home users, small businesses and large corporations.

Lexmark makes inkjet printers, laser printers and dot-matrix printers along with replaceable cartridges.

Lexmark was the first company to market 4800 x 1200 dots per inch (dpi) and 3600 x 1200 dpi resolutions, develop 1200 dpi laser and inkjet printers, produce standalone photoprinters, and offer a sub-$100 inkjet printer.

The company has offered a line of Dell-branded printers since 2003. Dell is the largest-maker of personal computers.

In 2005, Lexmark reported revenues of $5.2 billion and net income of $356.3 million.

History

Lexmark was launched as a spin-off of IBM in 1991. The company developed co-branded printers with IBM. The company went public in 1995.

Benefits

Lexmark offers Volunteer Time Off Program, giving every full-time U.S. employee up to three days paid time away from work to serve in their local community.

Medical Benefits
In addition to on-site medical programs and support, we offer a variety of plans including HMOs and PPOs to meet the health care needs of you and your family.
Dental Benefits
Lexmark offers two dental plans to better match the unique needs of every employee.
Vision Benefits
If you enroll in any of our medical plans, you will automatically be enrolled in our Comprehensive Vision Plan at no additional cost.
Flexible Spending Accounts
Allows you to set aside pre-tax dollars to pay for certain types of eligible expenses such as healthcare and dependent care.
Paid Vacation and Holidays
During your first year you can earn up to two weeks of vacation. In addition to major holidays we also offer up to five personal choice holidays during any given year.
Sickness and Accident Plan
Provided for all regular employees, the plan covers 13 weeks of approved absence at 100% salary, plus 13 additional weeks at 60%.
Employee Assistance Program
The EAP provides you and your family members with professional counseling for a wide range of personal problems.

Employee Stock Purchase Plan
Allows you to purchase Lexmark common stock at a 15% discount through regular payroll deductions.
Stock Options
Stock options have traditionally been granted to new regular employees.
Lexmark Savings Plan - 401(k)
We match 50 percent of the first 6 percent of pay you save. You are fully vested after three years.
Retirement Growth Account Plan
Created to enhance your retirement savings this plan is provided to all employees after one year of service. You are fully vested after five years of service.
Long-Term Disability
Designed to help replace a portion of your income if you are medically unable to work beyond a period of time covered by the Sickness and Accident Plan. This Plan is provided after 6 months of employment at no cost to employees.
Long-term Care Insurance
Provides protection against the financial burden of long-term care for you or a loved one.
Accidental Death and Dismemberment Insurance
Basic coverage is equal to 2 times your annual base pay rounded up to the next higher multiple of $1,000 up to $1,000,000. Optional coverage is also available.
Group Life Insurance
We pay the entire cost of your basic coverage. Basic coverage is equal to 2 times your annual base pay rounded up to the next higher multiple of $1,000 up to $1,000,000. Optional coverage is available for employees, spouses and children.
Business Travel/Accident
The Lexmark Travel Accident Insurance Program provides benefits if you are traveling away from your job location or home on company business.

Employee Purchase Program
Provides access to Lexmark products at a reduced rate.

Home Mortgage Availability Option
Gives you easy access to home financing at competitive national rates and fees.
MetLife Auto and Home Insurance Program
Provides access to group rate coverage for your personal insurance needs.
Education Assistance Program
Covers required expenses for undergraduate coursework tuition, registration, university and lab fees.

Updated July 29, 2006

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