| Business Summary | | Imperial
Parking
Corporation
(Impark)
is
a
provider
of
parking
services
in
North
America.
As
of
December
31,
2000,
the
Company
managed,
leased
or
owned
over
1,450
parking
lots
in
Canada
and
the
United
States,
containing
over
270,000
parking
spaces.
The
Company
also
provides
parking
lot
patrolling,
ticketing
and
collection
services
for
its
own
lots
and
for
those
operated
by
other
parties.
Impark
resulted
from
the
combination,
on
March
27,
2000,
of
the
Canadian
parking
assets
and
operations
of
First
Union
Real
Estate
Equity
and
Mortgage
Investments
and
the
parking-related
business
of
First
Union
Management,
Inc.
The
Company
provides
parking
services
at
multi-level
parking
facilities
and
surface
lots,
and
operates
these
facilities
and
lots
under
three
general
types
of
arrangements:
management
contracts,
leases
and
fee
ownership.
As
of
December
31,
2000,
the
Company
leased
502
parking
facilities
and
lots,
managed
948
parking
facilities
and
lots
and
owned
15
parking
facilities
and
lots. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Imperial
Parking
Corp.
is
a
provider
of
parking
services
in
North
America.
IPK
provides
multi-level
parking
facilities
and
surface
lots.
For
the
six
months
ended
6/30/01,
revenues
totalled
$40.4
million,
up
from
$18
million.
Net
income
fell
53%
to
$560
thousand.
Revenues
reflect
increased
management
fees
on
existing
locations.
Earnings
reflect
the
inclusion
of
an
equity
share
charge
and
an
increase
in
stock-based
compensation. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Ackman, 34 Chairman | -- | Charles Huntzinger, 53 Pres,
CEO, Director | $472K | Daniel Friedman, 43 Vice
Chairman | -- | J. Bruce Newsome, 51 Sr.
VP-Fin., CFO | 173K | Bryan Wallner, 41 Sr.
VP of Operations COO | 300K | 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
|
|