shworth, Inc. designs, markets and distributes a full line of quality sports apparel, headwear, and accessories under the Ashworth label. Ashworth products are sold in golf pro shops, resorts, at better department and specialty retail stores, and international markets.
Value
Total number of shares outstanding as of Feb. 17, 2000 13,800,000
Price of each common stock on Feb.17, 2000 $4.94
Aggregate market value as of Feb. 17, 2000 $68,172,000.00
Performance Record
For year ended Oct. 31, in thousands, except per-share data
1999 1998 1997
Revenues $107,921 $107,341 $89,148
Net income (loss) $3,817 $5,300 $4,827
Net income (loss) per share $0.27 $0.37 $0.39
Total assets $80,106 $81,634 $68,817
Directors
John M. Hanson Jr., 59, has been a director since 1994.
Randall L. Herrel Sr., 49, has been a director, president and CEO of the company since December 1996.
Andre Gambucci, 71, has been a director since 1991.
James W. Nantz III, 40, has served as director since 1998. He has been a television broadcaster for CBS Sports since 1985, serving as the anchor of “CBS Golf Coverage,” including “The Masters” and host of “The NFL Today.”
Stephen G. Carpenter Jr., 60, served as chairman and CEO from 1994 to 1998 and served as CEO from 1992 to 1994.
Stephen Bartolin Jr., 48, has been a director since 1998. He has been president and CEO of the Broadmoor Hotel in Colorado Springs, Colo., from 1991 to the present.
H. Michael Hecht, 60, is an adviser to businesses on product, marketing, distribution and sourcing strategies. He has served as a director since 1999.
Executive Compensation
Officers Cash Compensation
Randall Herrel, CEO $338,000
Terence Tsang, senior vice president of finance $124,000
Suzi Chauvel, chief marketing officer $57,000
Significant Stock Ownership
Number of shares Percent
Dec. 31, 1999
Fred Couples 1,368,000 9.3
Dimensional Fund Advisors, Inc. 933,200 6.8
Mellon Bank Corp. 911,821 6.6
All officers and directors as a group (Nine people) 840,194 5.8
Other Information
Headquarters: 2791 Loker Ave. W., Carlsbad, CA 92008; (760) 438-6610; fax (760) 438-6657; (www.ashworthinc.com)
Auditors: KPMG LLP, San Diego
Information was compiled from the company’s annual and proxy reports.
