| Business Summary | | Headwaters
Incorporated,
formerly
known
as
Covol
Technologies,
Inc.
is
a
technology
development
company.
Headwaters
has
licensed
its
technology
to
other
parties
to
produce
and
sell
the
products
manufactured
with
the
Covol
binder
technologies.
Headwaters
has
contracted
with
Dow
Chemical
Company
to
produce
chemical
binder
materials
for
the
production
of
synthetic
fuel
made
from
coal
fines.
Substantially
all
of
the
equipment
and
machinery
used
for
producing
synthetic
fuel
is
considered
standard
or
off-the-shelf
and
is
commercially
available
both
domestically
and
internationally.
Headwaters
has
organized
various
special
purpose
entities
to
facilitate
some
of
the
transactions
relating
to
the
24
synthetic
fuel
facilities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HDWR
engages
in
the
commercialization
of
Briquetting
Technology
used
to
recycle
waste
by-products
from
the
coal
and
steel
industries
into
a
marketable
source
of
fuel
and
revert
materials.
For
the
nine
months
ended
6/01,
revenues
fell
3%
to
$32.8
million.
Net
income
applicable
to
Common
before
extraordinary
item
rose
83%
to
$14.8
million.
Revenues
reflect
the
absence
of
a
$13.9
million
gain
on
the
sale
of
facilities.
Net
income
reflects
the
absence
of
a
$14
million
asset
write-off. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kirk Benson, 50 Chairman
and CEO | $723K | Brent Cook, 40 Pres | 515K | Steven Stewart, 52 CFO | 308K | Harlan Hatfield, 40 VP
and Gen. Counsel and Sec. | 274K | Dollar amounts are as of 30-Sep-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
|
|