| Business Summary | | Spartan
Motors,
Inc.
is
a
niche
market
engineer
and
manufacturer
in
the
heavy-duty,
custom
vehicles
marketplace.
In
June
1998,
the
Company
restructured
its
operations
into
four
wholly
owned
subsidiaries.
They
consist
of
Spartan
Motors
Chassis,
Inc.,
located
at
the
corporate
headquarters
in
Charlotte,
Michigan;
Road
Rescue,
Inc.,
located
in
St.
Paul,
Minnesota;
Quality
Manufacturing,
Inc.,
located
in
Talladega,
Alabama,
and
Luverne
Fire
Apparatus
Co.,
Ltd.,
located
in
Brandon,
South
Dakota.
The
Company
is
organized
into
two
principal
groups,
the
Chassis
Group
and
the
Emergency
Vehicle
Team. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SPAR
develops
and
manufactures
custom
platforms
for
recreational
vehicles,
fire
trucks,
ambulances,
and
other
specialty
vehicles.
For
the
six
months
ended
6/30/01,
sales
fell
17%
to
$117.2
million.
Net
income
from
continuing
operations
fell
42%
to
$2.8
million.
Revenues
reflect
lower
demand
for
motorhome
chassis
due
to
higher
gasoline
prices
and
a
fluctuating
stock
market.
Net
income
also
reflects
higher
operating
expenses
as
a
percentage
of
sales
and
an
increase
in
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Sztykiel, 71 Chairman
and CEO | $205K | John Sztykiel, 44 Pres,
COO | 269K | Richard Schalter, 47 CFO,
Exec. VP, Sec., Treasurer, Director | 209K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|