| Business Summary | | Source
Information
Management
Co.
is
a
provider
of
information
and
management
services
for
retail
magazine
sales
to
U.S.
and
Canadian
retailers
and
magazine
publishers.
The
Company
is
also
a
manufacturer
of
display
rack
and
store
fixtures
used
by
retailers.
Through
its
information
gathering
capabilities,
the
Company
assists
U.S.
and
Canadian
retailers
to
accurately
monitor,
document,
claim
and
collect
magazine
publisher
incentive
and
pocket
rental
payments.
Incentive
payments
consist
of
cash
rebates
offered
to
retailers
by
magazine
publishers
equal
to
a
percentage
of
magazine
sales.
The
Company
designs,
manufactures,
delivers
and
disposes
of
custom
front-end
and
point-of-purchase
displays
for
both
retail
store
chains
and
product
manufacturers,
including
Kmart,
Food
Lion,
Kroger,
Target,
Home
Depot
and
Hershey
Food
Corporation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SORC
provides
information
gathering,
consulting
and
other
information
based
services
to
operators
of
mass
merchandise,
grocery,
convenience
and
pharmacy
stores
located
in
the
United
States
and
Eastern
Canada.
For
the
three
months
ended
4/30/01,
revenues
fell
27%
to
$18.3
million.
Net
income
fell
15%
to
$2.5
million.
Results
reflect
the
absence
of
revenue
from
a
front-end
management
promotion,
partially
offset
by
a
$1.9
million
life
insurance
proceeds. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| S.Leslie Flegel, 63 Chairman,
CEO | $820K | -- | James Gillis, 48 Pres,
COO, Director | 551K | $435.3K | W. Brian Rodgers, 35 CFO,
Sec. | -- | -- | Monte Weiner, 51 Pres,
CEO-Source Display | 491K | 3.5K | Cameron Cloeter, 46 Exec.
VP of Strategic Planning and New Bus. Devel. | 220K | -- | Dollar amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|