| | Business Summary | | Franklin
Electric
Company,
Inc.
designs,
manufactures
and
distributes
electric
motors,
electronic
motor
controls
and
related
equipment.
The
Company
manufactures
submersible
electric
motors
and
engineered
specialty
electric
motor
products
and
electronic
controls
used
by
original
equipment
manufacturers
in
residential,
industrial
and
municipal
applications.
The
Company's
products
are
sold
in
the
United
States,
Canada,
Europe,
Australia,
South
Africa,
Mexico
and
other
world
markets.
Franklin's
submersible
electric
motors
are
used
for
water
well
pumping
systems,
as
well
as
for
underground
gasoline
and
diesel
fuel
storage
pumping
systems
and
wastewater
handling
systems.
Franklin's
engineered
specialty
electric
motor
products
and
electronic
controls
are
used
in
a
wide
variety
of
industrial
products
including
gasoline
dispensers,
heating
and
air
conditioning
equipment,
paint
sprayers,
electric
hoists,
vacuum
pumping
systems,
livestock
feeding
systems,
and
soft
ice
cream
machines. | | Financial Summary | | Franklin
Electric
manufactures
and
distributes
electric
motors,
electronic
controls
and
related
equipment
to
customers
in
the
U.S.,
Canada,
Europe,
Australia,
South
Africa,
Mexico
and
other
world
markets.
For
the
39
weeks
ended
10/2/99,
net
sales
rose
8%
to
$214.4
million.
Net
income
rose
12%
to
$18.6
million.
Results
reflect
higher
volume
in
the
submersible
water
systems
motors
and
lower
selling
and
administrative
expenses
as
a
percentage
of
sales. Recent Earnings Announcement For
the
3
months
ended
01/01/2000,
revenues
were
78,832;
after
tax
earnings
were
8,202. (Preliminary; reported in thousands of dollars.) | | | | FY1999
Compensation | | Pay | Exer | |
| William Lawson, 62 Chairman,
CEO, Director | $764K | $3.9M | John Lindsay, 56 Pres,
Director | 493K | 1.0M | Jess Ford, 47 Sr.
VP, CFO | 321K | -- | William Foreman, 62 VP | 249K | -- | Kirk Nevins, 55 VP,
Director of Sales | 250K | -- | | Dollar
amounts are as of 2-Jan-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. |
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