| Business Summary | | Genesee
Corporation
conducts
business
through
its
Foods
Division,
but
is
currently
evaluating
alternatives
for
the
divestiture
of
this
business.
The
Foods
Division
produces
a
variety
of
dry
food
and
beverage
products,
including
side
dishes,
bouillon
cubes
and
powder,
artificial
sweeteners,
soup
mixes,
iced
tea
mixes,
instant
beverage
mixes
and
hot
cocoa.
The
Foods
Division
also
produces
and
packages
dry
food
and
beverage
products
under
contract
processing/packaging
arrangements
with
major
food
companies.
The
Foods
Division
also
produces
and
packages
a
broad
range
of
products
for
a
small
number
of
large
grocery
distributors
who
in
turn
sell
to
retail
grocery
chains
and
other
food
retailers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GENBB
conducts
business
in
the
areas
of
malt
beverage
production,
dry
food
processing
and
packaging,
equipment
leasing
and
real
estate
investment.
For
the
fiscal
year
ended
4/28/01,
revenues
increased
2%
to
$46.5
million.
Net
loss
from
continuing
operations
decreased
7%
to
$1.1
million.
Revenues
reflect
increased
sales
of
a
new
drink
mix
product.
Lower
loss
also
reflects
a
higher
gross
profit
due
to
operating
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Charles Wehle, 53 Chairman | -- | -- | Stephen Ashley, 61 Pres,
Director | $54K | $24K | Mark Leunig, 46 Sr.
VP, CAO, Sec., Gen. Counsel | 329K | 124K | Steven Morse, 37 VP,
Treasurer | 184K | -- | Karl Simonson, 58 VP-
Foods Division | 178K | 44K | Dollar
amounts are as of 28-Apr-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
|
|