SYNBIOTICS CORP.
NASDAQ SBIO
Synbiotics Corp. provides rapid diagnostic and laboratory diagnostic products for the animal health care industry.
Total number of shares outstanding as of Oct. 18, 1999 9,190,000
Price of each share of common stock on Oct. 18, 1999 $2.50
Aggregate market value as of Oct. 18, 1999 $22,975,000
Performance Record
For year ended Dec. 31, in thousands, except per-share data
1998 1997 1996
Revenues $31,696 $23,618 $17,627
Net income (loss) $(1,911) $208 $9,278
Net income (loss) per share $(0.23) $0.02 $1.46
Total assets $45,446 $41,627 $[something missing here?]
Directors
Patrick Owen Burns, 61, has been a director since 1997. He has been a senior consultant of Early Stage Enterprises, L.L.C. since October 1997. He is also a director of Progen Industries, Ltd.
Kenneth M. Cohen, 44, has been a director, president and CEO since May 1996.
James C. DeCesare, 68, has been a director since 1993. He has been a consultant to the animal health and pharmaceutical industries since 1992.
Brenda D. Gavin, 50, has been a director since 1996. She is president of S. R. One, Ltd., a venture capital firm, and a director of Oxis International, Inc.
M. Blake Ingle, 57, has been a director since 1994. He is also a director of Corvas International and Vical, Inc.
Joseph Klein III, 38, has been a director since 1998. He has been a health care analyst for The Kaufmann Fund since June 1998. He is also a director of Guilford Pharmaceuticals, Inc. and NPS Pharmaceuticals, Inc.
Donald E. Phillips, 66, has been a director since 1987 and chairman since August 1994. He is also a director of Great Lakes REIT, Inc. and Potash Corp. of Saskatchewan.
Executive Compensation
Officers Cash Compensation
Kenneth M. Cohen, president and CEO $273,164
Francois Guillemin, vice president $154,231
Serge Leterme, vice president $115,489
Paul A. Rosinack, vice president $189,933
Gregory A. Soulds, director of business development $126,736
Significant Stock Ownership
Number of shares Percent
Gruber & McBaine Capital Management 1,100,100 11.6
S. R. One, Limited 974,902 10.2
Merial SAS 621,378 6.5
All executive officers and directors as a group (11 persons) 1,697, 202 17.8
Other Information
Headquarters: 11011 Via Frontera, San Diego, CA 92127; (858) 451-3771; fax (858) 451-5719; (www.synbiotics.com).
Pricewaterhousecoopers LLP, San Diego
Information was compiled from the company’s annual and proxy reports.
