| Business Summary | | Harman
International
Industries,
Incorporated
is
engaged
in
the
manufacture
of
high-quality
high-fidelity
audio
products
targeted
at
the
consumer
and
professional
audio
markets.
The
Company
creates
loudspeakers
and
electronic
audio
products
under
the
JBL,
Mark
Levinson,
Infinity
and
Harman
Kardon
brand
names.
The
Company
has
developed,
internally
and
through
a
series
of
strategic
acquisitions,
a
broad
range
of
product
offerings
sold
under
a
number
of
brand
names
in
its
principal
markets.
The
Company's
businesses
are
organized
by
the
end
user
markets
they
serve.
The
Consumer
Systems
Group
manufactures
loudspeakers
and
electronics
for
high-fidelity
audio
reproduction
in
the
home,
with
computers
and
in
the
car.
The
Professional
Group
manufactures
loudspeakers
and
electronics
used
by
audio
professionals
in
concert
hall,
recording,
broadcast
and
cinema
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Harman
International
Industries
is
engaged
in
the
design,
manufacture
and
marketing
of
high-fidelity
audio
products
targeted
primarily
at
the
consumer,
professional
and
original
equipment
manufacturer
(OEM)
markets.
For
the
fiscal
year
ended
6/30/01,
net
sales
rose
2%
to
$1.72
billion.
Net
income
fell
56%
to
$32.4
million.
Revenues
reflect
increased
sales
of
aftermarket
radios
and
navigation
units
by
Becker.
Earnings
were
offset
by
lower
gross
margins
and
higher
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Sidney Harman, Ph.D., 81 Chairman,
Co-CEO | $1.6M | -- | Gregory Stapleton, 53 Pres,
COO, Director | 1.4M | $109K | Bernard Girod, 58 Vice
Chairman, Co-CEO | 1.5M | -- | Frank Meredith, 43 Exec.
VP, CFO | 895K | 99K | William Palin, 57 VP,
Controller | 377K | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|