| | Business Summary | | American
Greetings
Corporation
creates,
manufactures
and
distributes
greeting
cards
and
special
occasion
products.
Greeting
cards,
gift
wrap,
paper
party
goods,
candles,
balloons,
stationery
and
giftware
are
manufactured
and/or
sold
in
the
United
States
by
American
Greetings
Corporation,
Plus
Mark,
Inc.,
Carlton
Cards
Retail,
Inc.
and
other
subsidiaries
in
Canada,
the
United
Kingdom,
France,
Mexico,
Australia,
New
Zealand
and
South
Africa.
Personalized
greeting
cards
are
sold
through
CreataCard
machines.
CreataCard
Interactive,
Inc.
markets
e-mail
greetings,
personalized
greeting
cards
and
other
products
through
the
Company's
Website,
co-branded
Websites
and
on-line
services,
and
provides
design
and
verse
content
included
in
various
CD-Rom
software
products
for
use
on
personal
computers.
Design
licensing
and
character
licensing
are
done
by
AGC,
Inc.
and
Those
Characters
From
Cleveland,
Inc.,
respectively. | | Financial Summary | | AM
designs,
manufactures
and
sells
everyday
and
seasonal
greeting
cards
and
other
social
expression
products
including
gift
wrap
paper,
party
goods,
candles,
stationery
and
giftware.
For
the
nine
months
ended
11/30/99,
revenues
fell
3%
to
$1.56
billion.
Net
income
fell
69%
to
$38.4
million.
Revenues
reflect
reduced
shipments
of
everyday
cards.
Net
income
reflects
restructuring
expenses
related
to
closure
of
certain
Canadian
facilities
and
higher
cost
of
sales. | | | | FY1999
Compensation | | Pay | Exer | |
| Morry Weiss, 59 Chairman,
CEO | $1.2M | $20M | Edward Fruchtenbaum, 51 COO,
Pres | 826K | 526K | William Meyer, 52 Sr.
VP and CFO | -- | -- | Michael Birkholm, 47 Sr.
VP | -- | -- | Mary Ann Corrigan-Davis, 45 Sr.
VP | -- | -- | | Dollar
amounts are as of 28-Feb-1999 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: Highlights
-Performance
- Ratio
Comparisons |
|