| Business Summary | | LBP,
Inc.,
incorporated
on
February
16,
1994,
was
a
holding
company
for
Prime
Acquisition
Corp.
(formerly
Leslie-Locke,
Inc.)
and
White
Metal
Rolling
and
Stamping
Corp.
(White
Metal).
On
May
31,
1998,
the
net
assets
and
business
of
Prime
were
sold.
In
1990,
the
Company
discontinued
the
operations
of
White
Metal,
its
ladder
manufacturing
subsidiary.
All
manufacturing
operations
of
White
Metal
ceased,
as
of
January
31,
1991,
and
substantially
all
of
its
remaining
assets
have
since
been
liquidated.
The
Company
adopted
a
Plan
of
Complete
Liquidation,
Dissolution
and
Termination
of
Existence
(the
Plan),
subject
to
stockholder
approval,
to
be
solicited
at
the
Annual
Meeting
of
Stockholders
on
May
16,
2001.
Pursuant
to
the
Plan,
the
Company
will
be
liquidated
by
the
sale
or
sales
of
all
of
its
non-cash
assets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LBP,
Inc.,
effective
12/98,
is
not
engaged
in
any
operating
activities.
In
6/98,
the
Company
discontinued
all
the
operating
activities
of
its
subsidiary,
Leslie-Locke,
Inc.
The
Company
is
currently
seeking
to
acquire
an
operating
company.
For
the
three
months
ended
3/31/01,
revenues
fell
39%
to
$556
thousand.
Net
income
fell
61%
to
$160
thousand.
Results
reflect
decreased
investment
income
and
increased
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Edward Rose, III, 59 Chairman | -- | $6.5K | Leigh Abrams, 58 Pres,
CEO | $49K | 17.6K | Frederic Zinn, 49 CFO | -- | 13.2K | Harvey Kaplan, 66 Sec.
and Treasurer | -- | 3.5K | Dollar
amounts are as of 31-Dec-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
|
|