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Thursday, Dec 7, 2023

Proxy — Protein Polymer Technologies, Inc.

Protein Polymer Technologies, Inc. engages in research, development, production and clinical testing of medical products based on its proprietary protein-based biomaterials technology.


Total number of shares outstanding as of June 19, 2000 18,400,000

Price of each share of common stock on June 19, 2000 $0.94

Aggregate market value as of June 19, 2000 $17,296,000

Performance Record

For year ended Dec. 31

1999 1998 1997

Total revenues $95,967 $255,824 $722,958

Net income (loss) $(4,257,531) $(5,638,203) $(4,453,933)

Net income (loss) per share $(0.36) $(0.88) $(0.52)

Total assets $741,140 $2,225,331 $2,347,887


Richard Adelson, 42, has served as director since September 1999. He is a private investor.

Patricia J. Cornell, 51, has served as vice president and director of Taurus Advisory Group since march 1984.

Edward E. David, 74, has served as director since January 1989. He is a principal in Washington Advisory Group, LLP.

Philip J. Davis, 69, has been secretary since January 1989.

Edward J. Hartnett, 68, has been director since March 1996.

J. Paul Jones, 58, has served as director since May 1998.

Kerry L. Kuhn, 51, is a partner and physician at the Omega Obstetrics and Gynecology Center in Coral Springs, Fla.

J. Thomas Parmeter, 60, has been president, CEO and chairman since July 1988. He was also CFO from July 1988 to July 1992.

George R. Walker, 75, served as director since January 1989.

Executive Compensation

Officers Cash Compensation

J. Thomas Parmeter, president, CEO and chairman $200,000

Joseph Cappello, vice president of research and development, chief

technology officer $129,000

Franco Ferrari, vice president of laboratory operations and

polymer productions $119,700

John Flowers, vice president of planning and operations $117,600

Erwin Stedronsky, vice president of product formulation and engineering $119,700

Significant Stock Ownership

Number of shares Percent

March 22, 2000

Taurus Advisory Group 15,973,875 59.85

Johnson & Johnson Development Co. 1,648,933 8.67

Gerschel & Co. 1,680,000 8.56

GBA Capital, LLC 1,670,000 8.51

Williams Jones Associates 1,400,000 7.17

All directors and officers as a group (13 persons) 20,760,295 70.71


Headquarters: 10655 Sorrento Valley Road, San Diego, CA 92121; (858) 558-6064; fax (858) 558-6477; (www.ppti.com)

Auditors: Ernst & Young LLP, San Diego

Information was compiled from the company’s annual and proxy reports.


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