| Business Summary | | AgriBioTech,
Inc.
(ABT)
is
a
developer,
producer,
marketer,
and
distributor
of
forage
and
cool-season
turfgrass
seed.
The
Company's
operations
include
a
research
and
development
program
to
develop
improved
varieties
through
traditional
breeding
programs,
seed
processing
plants
to
clean,
condition
and
package
seed
grown
under
contract
for
ABT,
and
national
and
international
sales
and
distribution
networks.
In
order
to
offer
its
customers
a
broad
array
of
products,
ABT
also
distributes
seeds
for
warm-season
turfgrasses,
wildflowers,
and
native
grasses,
and
seeds
for
other
crops
such
as
corn,
soybeans,
sorghum,
wheat,
and
vegetables.
ABT's
Specialty
Distribution
operations,
which
operate
in
certain
geographical
areas,
also
sell
pesticides,
wetting
agents,
water
and
soil
conditioning
products,
and
lawn,
garden
and
golf
course
supplies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AgriBioTech,
Inc.
is
a
vertically
integrated
developer,
producer,
marketer,
and
distributor
of
forage
and
cool
season
turfgrass
seeds.
For
the
six
months
ended
12/31/99,
net
sales
fell
24%
to
$125.5
million.
Net
loss
totalled
$23.1
million,
up
from
$9.9
million.
Revenues
reflect
lower
avg.
sale
price
for
certain
seed
products
and
the
negative
impact
of
adverse
weather
conditions.
Higher
loss
reflects
decreased
margin
and
the
expenditure
for
acquisitions. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Richard Budd, 38 Chairman
and CEO | -- | Kenneth Budd, 38 Pres
and COO | $175K | Randy Ingram, 39 Director,
Exec. VP, CFO, of Bus. Devel. | 160K | Thomas Rice, Ph.D., 53 Director,
Exec. VP, of Research | 128K | Douglas Fisher, 50 Sr.
VP, Gen. Counsel, Director of Bus. Services and Sec. | 150K | Dollar
amounts are as of 30-June-1999 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
|
|