AMEX , HOO
Glacier Water Services, Inc. is a provider of drinking water dispensed to consumers through self-service vending machines. Since its inception, the company has created an extensive network of water vending machines located throughout the United States. The company’s water vending machines are placed at supermarkets and other retail locations in order to take advantage of the regular customer traffic at such locations. As of Jan. 2, Glacier Water Services had approximately 11,400 outside machines and 3,900 in-store machines in operation.
Value
Total number of shares outstanding as of Sept. 16 2,300,000
Price of each share of common stock on Sept. 16 $20.88
Aggregate market value as of Sept. 16 $48,024,000
Performance Record
Fiscal year of 52 or 53 weeks ending on the Sunday closest to Dec. 31, in thousands, except per-share data.
2004 2003 2002
Total revenues $76,261 $72,316 $71,029
Net income (loss) ($2,357) ($1,400) ($2,573)
Net income (loss) per share ($1.10) ($0.68) ($0.95)
Total assets $79,500 $71,716 $72,710
Directors
William Armstrong, 64, director since 2002.
William Bell, 58, director since 2002.
Richard Kayne, 60, director since 1995.
Peter Neuwirth, 66, director since 2000.
Charles Norris, 59, chairman since 2001.
Heidi Yodwitz, 52, director since 2003.
Executive Compensation
Officer 2004 Cash Compensation
Brian McInerney, president and chief executive officer $328,535
Steven Murphy, senior vice president, chief operating officer $248,336
W. David Walters, senior vice president, chief financial officer and secretary $237,785
Luz Gonzales, vice president, human resources $144,896
Kenneth Sumner Sr., vice president, sales $141,184
Significant Stock Ownership
Number of shares Percent
March 1
Richard Kayne 1,159,902 50.97
Charles Norris 476,939 20.68
Peter Neuwirth 151,139 6.66
Brian McInerney 129,375 5.62
Directors and officers as a group (12 people) 2,186,674 76.03
Other Information
Headquarters: 1385 Park Center Drive, Vista, CA 92081; (760) 560-1111;
fax (760) 560-3333.
Web site: www.glacierwater.com.
Auditors: KPMG LLP.
Employees: 348.
Industry: Specialty retail.
Information was compiled from the company’s annual and proxy reports.