| Business Summary | | Steinway
Musical
Instruments,
Inc.
is
engaged
in
the
design,
manufacture
and
marketing
of
musical
instruments.
The
Company
offers
pianos,
band
and
orchestral
instruments
and
services
through
its
subsidiaries
and
operating
divisions:
Steinway
and
Sons,
Boston
Piano
Company,
Kluge,
The
Band
Instrument
Divisions,
The
Percussion
Division
and
Stringed
Instrument
Divisions.
Steinway
and
Sons
offers
two
premium-priced
product
lines,
grand
pianos
and
vertical
pianos.
Boston
Piano
Company
offers
two
complete
lines
of
grand
and
vertical
pianos
for
the
mid-priced
piano
market.
Kluge
manufactures
piano
keys
for
the
Company
and
third
parties.
The
Band
Instrument
Divisions
manufacture
brasswind
and
woodwind
instruments,
including
clarinets,
flutes,
piccolos,
trumpets,
cornets,
trombones,
saxophones,
oboes
and
bassoons.
The
Percussion
Division
manufactures
acoustical
and
tuned
percussion
instruments,
and
the
Stringed
Instrument
Divisions
manufacture
and
distribute
violins,
violas,
cellos
and
basses. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LVB,
through
its
two
subsidiaries,
is
a
manufacturer
of
musical
instruments.
Steinway
produces
quality
pianos.
Selmer
is
a
manufacturer
of
band
and
orchestral
instruments
and
related
accessories.
For
the
six
months
ended
6/30/01,
revenues
decreased
11%
to
$165.6
million.
Net
income
before
extraordinary
item
increased
9%
to
$9.7
million.
Revenues
reflect
decreased
piano
sales.
Net
income
was
partially
offset
by
increased
piano
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kyle Kirkland, 38 Chairman | $475K | Dana Messina, 39 CEO | 875K | Dennis Hanson, 46 CFO,
Sec. and Gen. Counsel | 555K | Thomas Kurrer, 52 Managing
Director of Steinway- Germany | 280K | Thomas Burzycki, 57 Pres--Selmer | 520K | 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
|
|