| Business Summary | | Acme
Metals
Incorporated
operates
in
two
separate
business
segments,
Steel
Making,
principally
through
Acme
Metals'
wholly
owned
subsidiary,
Acme
Steel,
and
Steel
Fabricating,
principally
through
Acme
Metals'
wholly
owned
subsidiary,
Acme
Packaging,
and
Acme
Packaging's
wholly
owned
subsidiary,
Alpha
Tube.
Acme
Steel
is
a
fully
integrated
steel
producer
in
the
United
States.
The
Company
filed
a
motion
in
United
States
Bankruptcy
Court
on
September
8,
2000,
seeking
approval
of
expense
reimbursement
and
bidding
procedures
including
provisions
for
a
break-up
fee
and
minimum
overbid
in
certain
circumstances
relating
to
a
potential
sale
of
certain
assets
of
its
wholly
owned
subsidiary,
Acme
Steel
Co.,
to
WCI
Steel,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Acme
Metals
is
a
fully
integrated
producer
of
steel
products,
concentrating
on
the
manufacturing
of
flat-rolled
steels
including
sheet,
strip
and
carbon
steels.
For
the
fiscal
year
ended
12/31/00,
sales
rose
2%
to
$501
million.
Net
loss
fell
31%
to
$43.3
million.
Revenues
reflect
higher
selling
prices.
Lower
losses
also
reflect
the
absence
of
a
$10
million
charge
in
relation
to
the
unauthorized
receipt
of
tax
refunds
and
the
absence
of
a
$7.7
million
charge
for
the
abondonment
of
a
finishing
mill. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Stephen Bennett, 50 Chairman,
Pres and CEO | $699K | Jerry Williams, 60 CFO,
VP of Admin. and Fin. | 304K | Robert Dyke, 52 Sr.
VP - Fabricating | 280K | James Howell, 58 Sr.
VP of Steel | 329K | Edward Weber, Jr, 62 VP,
Gen. Counsel and Sec. | 255K | Dollar amounts are as of 27-Dec-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
|
|