FRANKLIN COVEY CO
For the period ended Aug 31, 2024. Filed Nov 12, 2024.
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FY2024 · Filed Nov 12, 2024
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ITEM 2. PROPERTIES
As of August 31, 2024, our principal executive offices in Salt Lake City, Utah occupy approximately 54,000 square feet of leased office space that is accounted for as a financing obligation, which expires in June 2025. This facility accommodates our executive team and corporate administration, as well as other professionals. The corporate headquarters is utilized by personnel in both our Enterprise and Education Divisions. The master lease agreement on our principal executive offices contains six five-year renewal options that may be exercised at our discretion. Additionally, we occupy leased sales and administrative offices both in the United States and various countries around the world as shown below. These additional facilities are accounted for as operating leases.
We consider our existing facilities to be in good condition and suitable for our current and expected level of operations in the upcoming fiscal year and in future periods. Our international sales offices are in the following locations:
Banbury, England
Tokyo, Japan
China: Beijing, Shanghai, Guangzhou, and Shenzhen
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