| Business Summary | | Marketing
Specialists
Corporation,
incorporated
on
March
4,
1998,
provides
outsourced
sales,
merchandising
and
marketing
services
to
manufacturers,
suppliers
and
producers
of
food
products
and
consumer
goods
(Manufacturers).
The
Company
acts
as
an
independent
sales
and
marketing
representative,
selling
grocery
and
consumer
products
on
behalf
of
Manufacturers
and
coordinating
the
execution
of
Manufacturers'
merchandising
programs
with
retailers,
wholesalers,
mass
merchandisers,
supercenters,
membership
warehouses,
drug
stores
and
specialty
food
outlets
(Retailers).
The
Company's
principal
source
of
revenue
is
the
commission
it
receives
from
Manufacturers.
Marketing
Specialists
represents
more
than
1,600
Manufacturers
and
more
than
128,000
food
and
non-food
stock-keeping
units
and
has
business
relationships
with
Retailers
throughout
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Marketing
Specialists
Corporation
is
a
food
brokerage
firm
providing
outsourced
sales,
merchandising
and
marketing
services
to
manufacturers,
suppliers
and
producers
of
food
products
and
consumer
goods.
For
the
three
months
ended
3/31/01,
revenues
fell
6%
to
$89.1
million.
Net
loss
from
continuing
operations
applicable
to
Common
rose
32%
to
$8.6
million.
Results
reflect
a
change
in
the
Company's
method
of
calculating
receivable
balances
and
higher
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Pedersen, 61 Chairman | $446K | Gerald Leonard, 54 Pres,
CEO, Director | 514K | Timothy Byrd, 46 CFO,
Director | -- | Bruce Butler, 52 Pres
of Brand Devel. | 483K | Glenn Gillam, 49 COO | 445K | 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
|
|