Question:
EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection,
validation, indexing, and forwarding of submissions by companies and others who are required by law to
file forms with the SEC. All publicly traded domestic companies use EDGAR to make the majority of
their filings. (Some foreign companies file voluntarily.) Form 10-K, which includes the annual report, is
required to be filed on EDGAR. The
SEC makes this information available on the Internet.
Required:
1. Access EDGAR on the Internet. The web address is www.sec.gov .
2. Search for Nordstrom, Inc. , a leading clothing department store chain. Access the 10-K for the fiscal
year ended January 29, 2011. Search or scroll to find the disclosure notes and audit report.
3. Answer the following questions:
a. Describe the subsequent events disclosed by the company.
b. Which firm is the company’s auditor? What type of audit opinion did the auditor render?
4. Access the proxy statement filed with the SEC on March 31, 2011 (the proxy statement designation is
Def 14A), locate the executive officers summary compensation table and answer the following questions:
a. What is the principal position of Michael G. Koppel?
b. What was the salary paid to Mr. Koppel during the year ended January 29, 2011?
Answer:
Requirement 3
a. Note 16 reports the following subsequent event:
In February 2011, we entered into an agreement to acquire HauteLook, Inc., an online private sale
retailer, for $180 in Nordstrom stock, with a portion subject to ongoing vesting requirements. In
addition, the agreement provides for additional payments of up to $90 in Nordstrom stock under a
EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection,
validation, indexing, and forwarding of submissions by companies and others who are required by law to
file forms with the SEC. All publicly traded domestic companies use EDGAR to make the majority of
their filings. (Some foreign companies file voluntarily.) Form 10-K, which includes the annual report, is
required to be filed on EDGAR. The
SEC makes this information available on the Internet.
Required:
1. Access EDGAR on the Internet. The web address is www.sec.gov .
2. Search for Nordstrom, Inc. , a leading clothing department store chain. Access the 10-K for the fiscal
year ended January 29, 2011. Search or scroll to find the disclosure notes and audit report.
3. Answer the following questions:
a. Describe the subsequent events disclosed by the company.
b. Which firm is the company’s auditor? What type of audit opinion did the auditor render?
4. Access the proxy statement filed with the SEC on March 31, 2011 (the proxy statement designation is
Def 14A), locate the executive officers summary compensation table and answer the following questions:
a. What is the principal position of Michael G. Koppel?
b. What was the salary paid to Mr. Koppel during the year ended January 29, 2011?
Answer:
Requirement 3
a. Note 16 reports the following subsequent event:
In February 2011, we entered into an agreement to acquire HauteLook, Inc., an online private sale
retailer, for $180 in Nordstrom stock, with a portion subject to ongoing vesting requirements. In
addition, the agreement provides for additional payments of up to $90 in Nordstrom stock under a
