| Business Summary | | Shopsmith,
Inc.
is
engaged
in
the
production
and
marketing
of
power
woodworking
tools
designed
primarily
for
the
home
workshop.
The
principal
line
of
power
tools
marketed
under
the
name
"Shopsmith,"
a
registered
trademark,
dates
back
to
1946
and
was
purchased
by
the
Company
in
1972.
The
line
is
built
around
the
Shopsmith
MARK
V,
a
multi-purpose
tool,
and
includes
separate
function
special
purpose
tools
that
may
be
mounted
on
the
MARK
V
or
used
independently.
During
the
fiscal
year
ended
March
31,
2001,
Shopsmith
branded
products
accounted
for
substantially
all
of
the
net
sales
of
the
Company.
The
Company
manufactures
a
substantial
majority
of
products
sold
(as
measured
by
sales
dollar
volume). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Shopsmith,
Inc.
is
engaged
in
the
marketing
and
selling
of
quality
woodworking
products
in
the
U.S.
through
demonstrations,
telephone
solicitation,
mail
order
and
Internet
selling
channels.
For
the
fiscal
year
ended
3/31/01,
net
sales
decreased
10%
to
$17.5
million.
Net
loss
decreased
81%
to
$116
thousand.
Revenues
reflect
the
decrease
in
sales
volume
in
the
demonstration
sales
channel.
Lower
losses
reflect
lower
operating
expenses
as
a
percentage
of
sales. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
3,038;
after
tax
earnings
were
-495. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| John Folkerth, 68 Chairman,
CEO | $156K | Robert Folkerth, 44 Pres,
COO, Director | 113K | Mark May, 42 CFO,
VP-Fin., Treasurer | -- | Lawrence Jones, 62 VP-Operations | -- | J. Michael Herr, 57 Sec. | -- | Dollar
amounts are as of 31-Mar-2001 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
|
|