| Business Summary | | Saxton
Incorporated
is
a
diversified
real
estate
company,
specializing
principally
in
the
affordable
homebuilding
industry,
operating
in
the
fast-growing
Las
Vegas,
Phoenix,
Salt
Lake
City,
Tucson
and
Reno
markets.
The
Company's
business
is
comprised
of
four
components:
the
design,
development,
construction
and
sale
of
single-family
homes;
the
performance
of
design-build
services
for
third-party
clients,
including
tax
credit
partnerships;
the
design,
development
and
construction
of
income
producing
portfolio
properties;
and
property
operations
and
management.
The
properties
consist
of
office
and
industrial
buildings,
retail
centers,
apartments,
single-family
homes
and
land
in
various
phases
of
development.
The
Company
also
has
non-controlling
interests
in
joint
ventures
that
are
engaged
in
the
acquisition,
development,
ownership
and
operation
of
real
property. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Saxton
is
an
integrated
real
estate
development
company
engaged
in
the
design,
development,
construction
and
sale
of
single-family
homes,
design-build
services
for
third-party
clients
and
property
operations
and
management.
For
the
nine
months
ended
9/30/00,
revenues
fell
25%
to
$77.3
million.
Net
loss
before
extraordinary
item
totaled
$15.7
million
vs.
an
income
of
$2.5
million.
Results
reflect
a
reduced
number
of
homes
sold,
lower
margins
and
a
$4.8
million
write-down
of
goodwill. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| James Saxton, 63 Chaiman
of the Board, CEO, Pres, Interim Chief Financial Officer | $385K | Brian Brady Pres,
Maxim Homes, Inc. | 191K | Douglas Hensley, 45 Exec.
VP- Corp. Devel. and Services, Director | 152K | Michele Saxton-Pori, 31 Exec.
VP, Director | -- | Jeffrey Pori, 33 VP
of Marketing and Commercial Devel. | 128K | 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
|
|