| Business Summary | | Brake
Headquarters
U.S.A.,
Inc.
is
a
holding
company
that
conducts
substantially
all
of
its
current
business
operations
through
two
of
its
wholly
owned
subsidiaries,
Sanyo
Automotive
Parts,
Ltd.
(Sanyo
Automotive)
and
WAWD,
Inc.
Sanyo
Automotive
does
business
under
the
name
Brake
Headquarters.
WAWD
is
an
importer
and
distributor
of
high-line
European
and
Asian
automotive
aftermarket
parts.
Other
operating
subsidiaries
include
Quality
First
Brakes,
Inc.,
the
owner
of
Fifteen,
Inc.,
Thirty
Three,
Inc.
and
Thirty
Nine,
Inc.,
which
are
wholesale
warehouses
for
"undercar"
parts;
and
ABS
Brakes,
Inc.
(ABS),
an
assembler
of
domestic
brake
pads.
On
May
28,
1999,
a
voluntary
petition
was
filed
in
the
United
States
Bankruptcy
Court
for
the
Eastern
District
of
New
York
by
Sanyo
Automotive
and
ABS.
The
two
petitions
are
being
jointly
administered
pursuant
to
an
order
of
the
Bankruptcy
Court
dated
June
3,
1999. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Brake
Headquarters
U.S.A.,
Inc.,
is
a
distributor
of
automotive
aftermarket
brake
system
products
and
other
parts,
for
domestic
and
foreign
cars,
and
light
trucks
from
model
year
1976
to
the
present.
For
the
nine
months
ended
9/30/98,
net
sales
rose
from
$22
million
to
$51.3
million.
Net
loss
totalled
$967
thousand
vs.
an
income
of
$104
thousand.
Revenues
benefitted
from
sales
of
WAWD,
acquired
11/97.
Net
loss
reflects
higher
freight,
commissions
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997
Compensation | | Pay | Exer | |
| Joseph Ende, 50 Chairman
and CEO | $156K | -- | Scott Osias Pres | -- | -- | Marc Ruskin, 46 CFO | 127K | $52K | Sandra Ende, 45 Sec. | -- | -- | Dollar amounts are as of 31-Dec-1997 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
|
|