Proxy
D-40 Co. manufactures and markets two multipurpose lubricant products known as “WD-40” and “3-IN-ONE Oil,” and the Lava brand of heavy-duty hand cleaners.
Value
Total number of shares outstanding as of Jan. 7, 2000 15,600,000
Price of each share of common stock on Jan. 7, 2000 $20
Aggregate market value as of Jan. 7, 2000 $312,000,000
Performance Record
For year ended Aug. 31, in thousands, except per-share data
1999 1998 1997
Net sales $146.348 $144.397 $137.893
Net income (loss) $21.065 $21.888 $21.363
Net income (loss) per share $1.41 $1.40 $1.37
Total assets $91.957 $70.945 $65.418
Directors
John S. Barry, 75, has been director since 1970. He was elected chairman in 1990.
Mario L. Crivello, 59, has been director since 1994.
Daniel W. Derbes, 69, has been director since 1984. He is the president of Signal Ventures, a venture capital firm. He is also a director of Sempra Energy Corp., and Oak Industries, Inc.
Harlan F. Harmsen, 72, has been director since 1977 and secretary since 1982.
Jack L. Heckel, 68, has been director since 1989. He is also a director of Advanced Tissue Sciences, Inc. and Applied Power Corp.
Garry O. Ridge, 43, was elected as director in November 1997 and named as president and CEO in October 1997.
Margaret L. Roulette, 75, has been director since 1977. She is a private investor.
Gerald C. Schleif, 64, has been director since 1989.
C. Fredrick Sehnert, 68, has been director since 1983.
Edward J. Walsh, 67, has been director since 1988.
Executive Compensation
Officers Cash Compensation
Garry Ridge, president and CEO $381,650
Thomas Tranchina, vice president of finance and CFO $155,850
Graham Milner, senior vice president of the Americas $184,250
Michael Freeman, vice president of operations and chief information officer $177,550
William Noble, managing director of Europe WD-40 Co. Ltd. $230,450
Geoffrey Holdsworth, managing director of Asia/Pacific
WD-40 Co. Pty Limited $109,250
Significant Stock Ownership
Number of shares Percent
Oct. 18, 1999
Mario Crivello 995,502 6.4
Directors and executives as a group 2,353,483 15.0
Other Information
Headquarters: 1061 Cudahy Place, San Diego, CA 92110; (619) 275-1400; fax (619) 275-5823
Auditors: PricewaterhouseCoopers LLP, San Diego
Information was compiled from the company’s annual and proxy reports.
