| | Business Summary | | Empire
of
Carolina,
Inc.
and
its
subsidiaries
design,
manufacture
and
market
a
variety
of
consumer
products
including
toys,
plastic
decorative
holiday
products
and,
since
May
1998,
golf
accessories.
The
Company's
products
include
Big
Wheel
ride-ons,
Grand
Champions
collectible
horses,
Buddy
L
vehicles,
Crocodile
Mile
water
slides,
Water
Works
pools,
Snow
Works
winter
sleds,
toboggans
and
snowboards.
Holiday
products
feature
plastic
decorative
holiday
display
items.
Golf
footwear
and
accessories
are
manufactured
and
distributed
through
the
subsidiary
Apple
Companies.
The
Company
also
has
a
license
to
manufacture
and
sell
certain
sports
equipment
and
accessories
under
the
brand
name
Mongoose.
In
November
2000,
the
Company
and
its
wholly
owned
subsidiary,
Empire
Industries,
Inc.,
filed
voluntary
petitions
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
In
July
2001,
the
Company
and
two
of
its
subsidiaries
sold
substantially
all
of
the
Company's
toy
operations. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Empire
of
Carolina,
Inc.
designs,
manufactures
and
markets
plastic
children's
toys,
plastic
decorative
holiday
products
and
golf
accessories.
For
the
nine
months
ended
9/30/00,
revenues
decreased
36%
to
$31.9
million.
Net
loss
rose
58%
to
$6.3
million.
Revenues
reflect
increased
competition
with
respect
to
particular
products
and
the
elimination
of
sales
of
low
margin
products.
Higher
loss
also
reflects
lower
gross
profit
due
to
higher
allowance
for
sales
returns. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Frederick Rosenbauer, Jr., 65
Chairman,
interim CEO | -- | Thomas MacDougall, 36
CFO,
Sec., Treasurer | $75K | Thomas Wenzler, 35
VP
and Gen. Mang. | 140K | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
