| Business Summary | | Handleman
Company
is
a
holding
company
that
conducts
business
through
two
subsidiaries:
Handleman
Entertainment
Resources
(H.E.R.)
and
North
Coast
Entertainment
(NCE).
H.E.R.
is
a
category
manager
and
distributor
of
prerecorded
music
to
mass
merchants
in
the
United
States,
United
Kingdom,
Canada,
Mexico
and
Brazil.
H.E.R.
manages
a
broad
assortment
of
titles
required
to
optimize
sales
in
retail
stores
and
provides
direct-to-store
shipments,
marketing
of
the
selections,
in-store
merchandising,
and
product
exchange.
NCE
has
three
companies
in
its
portfolio:
Anchor
Bay
Entertainment,
an
independent
home
video
label
that
markets
a
collection
of
titles
ranging
from
horror
to
exercise
to
children's
classics;
Madacy
Entertainment,
an
independent
record
label
that
markets
music
and
video
products
with
a
catalog
spanning
all
genres;
and
The
Itsy
Bitsy
Entertainment
Company,
a
provider
of
early
childhood
entertainment,
both
on
and
off
the
screen,
to
the
youngest
of
children
and
their
caregivers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Handleman
Company
is
a
category
manager
of
music
products
for
mass
merchants
in
U.S.
and
Canada.
The
company
also
is
a
distributor
of
licensed
music
and
video
products
internationally.
For
the
fiscal
year
ended
4/28/01,
net
sales
rose
5%
to
$1.19
billion.
Net
income
rose
9%
to
$42
million.
Revenues
reflect
increased
sales
within
the
United
Kingdom
and
the
U.S.
Earnings
also
reflect
lower
S/G/A
expenses
as
a
percentage
of
sales
and
decreased
debt
levels. Recent Earnings Announcement For
the
3
months
ended
07/28/2001,
revenues
were
261,115;
after
tax
earnings
were
2,038. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Stephen Strome, 55 Chairman,
CEO | $1.0M | $75K | Peter Cline, 53 Pres,
COO | 639K | -- | Thomas Braum, Jr., 45 CFO,
Sr. VP | -- | -- | Samuel Milicia, 58 Sr.
VP- Music Purchasing, Handleman Entertainment Resources | 285K | -- | Stephen Nadelberg, 59 Sr.
VP, Pres- NCE | 330K | -- | Dollar
amounts are as of 29-Apr-2000 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
|
|