| | Business Summary | | CTS
Corporation
designs,
manufactures,
assembles
and
sells
a
broad
line
of
passive
electronic
components
and
electronic
assemblies,
serving
the
electronic
needs
of
original
equipment
manufacturers
worldwide
in
the
computer
equipment,
automotive,
communications
equipment
and
other
markets.
CTS'
operations
comprise
two
business
segments,
the
manufacturing
of
electronic
components
and
electronic
assemblies.
Electronic
components
consist
principally
of
automotive
sensors
used
in
commercial
or
consumer
vehicles,
frequency
control
devices
such
as
crystals
and
clocks,
loudspeakers,
resistor
networks,
switches
and
variable
resistors.
Electronic
assemblies
consist
principally
of
flex
cable
assemblies
used
in
the
disk
drive
market,
hybrid
microcircuits
used
in
the
healthcare
market,
cursor
controls
for
computers
and
interconnect
products
such
as
backpanels
and
connectors
used
in
the
telecommunications
industry. | | Financial Summary | | CTS
Corp.
designs,
manufactures
and
sells
electronic
components
and
electronic
component
assemblies
as
well
as
commercial
and
industrial
products.
For
the
nine
months
ended
10/3/99,
revenues
increased
73%
to
$478.4
million.
Net
income
from
continuing
operations
increased
35%
to
$32.6
million.
Revenues
reflect
the
inclusion
of
CTS
Wireless
since
2/26/1999.
Earnings
were
partially
offset
by
the
inclusion
of
the
expenses
related
to
purchase
and
operations
of
CTS
Wireless. | | | | FY1998
Compensation | | Pay | Exer | |
| Joseph Walker, 60
Chairman,
CEO, Pres, Director | $957K | $453K | William Kaska, 57
Exec.
VP | 336K | 172K | Jeannine Davis, 50
Exec.
VP, Admin., Gen. Counsel and Sec. | 269K | 286K | Philip Semprevio, 48
Exec.
VP | -- | -- | James Cummins, 43
VP,
Director of HR | 233K | 536K | | Dollar
amounts are as of 31-Dec-1998 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. |
|
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