| Business Summary | | Silverleaf
Resorts,
Inc.
is
in
the
business
of
marketing
and
selling
Vacation
Intervals.
A
Vacation
Interval
entitles
the
owner
to
use
a
specific
unit
for
a
designated
one-week
interval
each
year.
The
Company
also
sells
a
biennial
(alternate
year)
Vacation
Interval,
which
allows
the
owner
to
use
a
unit
for
a
one-week
interval
every
other
year
with
reduced
dues.
Its
principal
activities
in
this
regard
include:
acquiring
and
developing
timeshare
resorts;
marketing
and
selling
one
week
annual
and
biennial
Vacation
Intervals
to
prospective
first-time
owners
as
well
as
leasing
unsold
Vacation
Intervals;
marketing
and
selling
upgraded
Vacation
Intervals
to
existing
owners
of
Silverleaf
Vacation
Intervals;
providing
financing
for
the
purchase
of
Vacation
Intervals;
and
operating
timeshare
resorts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Silverleaf
Resorts
is
a
developer,
marketer,
and
operator
of
timeshare
resorts.
SVLF
also
markets,
sells
and
finances
vacation
intervals.
For
the
nine
months
ended
9/30/00,
total
revenues
increased
27%
to
$211.7
million.
Net
income
before
extraordinary
item
decreased
37%
to
$9.9
million.
Revenues
reflect
increased
sales
of
Vacation
Intervals
due
to
a
higher
number
of
upgrade
sales.
Net
income
was
offset
by
increased
marketing
program
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Robert Mead, 53 Chairman,
CEO | $500K | Sharon Brayfield, 39 Pres | 581K | Harry White, Jr., 45 CFO,
Treasurer | -- | David O'Connor, 58 Exec.
VP of Sales | 1.4M | Thomas Franks, 46 Exec.
VP- Corp. Affairs | -- | Dollar amounts are as of 31-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
|
|