| Business Summary | | Royal
Precision,
Inc.
is
a
holding
company
that
conducts
its
business
operations
through
three
wholly
owned
subsidiaries:
FM
Precision
Golf
Manufacturing
Corp.,
FM
Precision
Golf
Sales
Corp.
and
Royal
Grip,
Inc.
(RG).
In
addition,
RG
wholly
owns
Royal
Grip
Headwear
Company.
The
Company
primarily
sells
golf
club
shafts
and
golf
club
grips.
Royal
Precision
designs,
manufactures
and
distributes
steel
golf
club
shafts.
The
Company
also
designs
and
distributes
graphite
golf
club
shafts.
The
Company
designs
and
distributes
golf
club
grips.
The
Company
currently
offers
a
wide
variety
of
standard
and
custom
models.
These
grips
are
sold
principally
into
the
replacement
market,
which
serves
those
golfers
seeking
to
replace
grips
that
have
become
worn
and
slick
due
to
prolonged
use. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Royal
Precision,
Inc.
is
a
holding
company
whose
subsidiaries
manufacture
and
distribute
golf
club
shafts,
sold
to
OEMs
and
to
distributors
and
retailers,
and
design
and
distribute
golf
club
grips.
For
the
fiscal
year
ended
5/31/01,
net
sales
fell
less
than
1%
to
$30
million.
Net
loss
totaled
$584
thousand
vs.
an
income
of
$870
thousand.
Revenues
reflect
declines
in
orders
for
golf
club
grips
from
the
Japanese
distributor.
Loss
also
reflects
lower
margins
and
higher
special
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Johnston, 69 Chairman
of Directors | $10.0K | Thomas Schneider, 40 Pres,
COO | 229.0K | Anthony Montgomery, 37 Exec.
VP of Sales and Marketing | 212.6K | Ronald Chalmers, 54 Exec.
VP - Manufacturing | 184.1K | James Davidson Exec.
VP, Manufacturing | -- | Dollar amounts are as of 31-May-2000 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
|
|