| Business Summary | | Safety
Components
International,
Inc.
is
a
low-cost,
independent
supplier
of
automotive
airbag
fabric
and
cushions,
with
operations
in
North
America
and
Europe.
The
Company
sells
airbag
fabric
domestically
and
cushions
worldwide
to
all
of
the
major
airbag
module
integrators
that
outsource
such
products.
The
Company
believes
that
it
is
also
a
leading
manufacturer
of
value-added
technical
fabrics
used
in
a
variety
of
niche
industrial
and
commercial
applications
such
as
ballistics
material
for
luggage,
filtration,
aircraft
escape
slides,
military
tents
and
fire
service
apparel.
The
Company
also
produces
automotive
metal
components,
defense-related
products,
primarily
projectiles
and
other
metal
components
for
small
to
medium
caliber
training
and
tactical
ammunition
and
continues
as
a
systems
integrator
and
manufacturer
for
ordnance
programs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SAFY
is
an
independent
supplier
of
automotive
airbag
fabric
and
cushions
with
operations
in
North
America,
Europe
and
Asia.
SAFY
also
manufactures
projectiles
and
other
metal
components
for
the
U.S.
Armed
Forces.
For
the
13
weeks
ended
6/01,
net
sales
fell
3%
to
$50.3
million.
Net
income
from
continuing
operations
and
before
extraordinary
items
totalled
$1.9
million,
vs.
a
loss
of
$1.8
million.
Results
reflect
decreased
volume
sold,
offset
by
the
absence
of
$4.1
million
in
reorganization
charges | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Zummo, 59 Chairman
and CEO | $660K | John Corey, 53 Pres
and COO | 374K | Brian Menezes, 47 VP;
CFO | 120K | Stephen Duerk, 58 VP
and Pres of North American Automotive Group | 190K | Victor Guadagno, 60 VP,
Pres of Systems Group | 175K | Dollar amounts are as of 25-Mar-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
|
|