Pros
Lexmark has great benefits including unlimited vacation from day 1, flextime, great work/life balance, and a nice on site fitness center. It is located in a beautiful area of the country. The people at Lexmark are intelligent and hard working. Software development is done in agile teams which is wonderful for learning new skills and leaning on everyone's strengths to make the best product possible. Lexmark embraces newer technologies where it can.
Cons
One word: Layoffs. In my time here Lexmark has had a layoff that affected developers about every year. Not always the same departments are on the block, but layoffs are frequent and there is no fat left. With the printer business shrinking, Lexmark has a survival of the fittest vibe to it and has since I joined. The formally Perceptive Software side is not much better with the recent change in management. The other downside is the location in Lexington, KY. When layoffs hit, most people look to Louisville or Cincinnati for jobs as there is just not a lot here. I would NOT recommend relocating to Lexmark or assuming that you will make it past 5 years.