Proxy Sunrise Medical, Inc.
NYSE SMD
Sunrise Medical, Inc. designs, manufactures and markets medical products used by the disabled and elderly.
Value
Total number of shares outstanding as of Jan. 4, 2000 22,234,000
Price of each share of common stock on Jan. 4, 2000 $5.875
Aggregate market value as of Jan. 4, 2000 $130,624,750.00
Performance Record
For year ended, in thousands, except per-share data
July 2,1999 July 3,1998 June 27, 1997
Net sales $660,248 $657,169 $670,545
Net income (loss) $4,498 ($12,010) $12,114
Net income (loss) per share $0.20 ($0.55) $0.55
Total assets $607,190 $616,305 $615,731
Directors
Murray H. Hutchison, 59, was elected as chairman, CEO and president in October 1999 and was director since 1983. He is also a director of Epic Solutions, Huntington Hotel Corp., Olsen Co., Senior Resource Group, Cadiz, Inc., and Jack in the Box Inc.
Lee A. Ault III, 63, served as director since 1988. He also served as chairman of IN-Q-T, Inc., an information technology company, since August 1999. He is also a director of Equifax, Inc., Office Depot, Inc., American Variable Insurance Series and Pacific Crest Outward Bound School.
Michael N. Hammes, 56, served as director since 1998. Since 1998, he has been the chairman and CEO of Guide Corp., an automobile lighting company. He is also a director of Navistar Corp. and Johns Manville Corp.
William L. Pierpoint, 61, served as director since 1985. In 1995, he became the vice chairman of Strategic Partners Inc. dba Cherokee Uniforms.
Joseph Stemler, 68, has been director since 1989. He became CEO and chairman of Maret Corp. He is also a director of Safskin Corp.
John R. Woodhull, 65, has been director since 1986. He is a director of Adams Business Forms, Inc., FirstFed Financial Corp., and First Federal Bank of California.
Executive Compensation
Officers Cash Compensation
Richard Chandler, former chairman, president and CEO $506,634
Thomas O’Donnell, senior vice president and group president of home
healthcare $318,076
Ben Anderson-Ray, senior vice president of operations and group president
of continuing care $311,565
Barrie Payne, senior vice president of operations and group president of
Northern Europe $310,939
Ten Tarbet, senior vice president and CFO $246,730
Significant Stock Ownership
Number of shares Percent
Oct. 1, 1999
State of Wisconsin/Wisconsin Investment Board 3,169,200 14.3
ICM Asset Management 2,391,550 10.8
Richard Chandler 2,065,466 9.2
Dimensional Fund Advisor 1,441,500 6.5
Directors and officers as a group 2,645,083 11.6
Other Information
Headquarters: 2382 Faraday Ave., Suite 200, Carlsbad CA 92008; (760) 930-1500; fax (760) 930-1580; (www.sunrisemedical.com)
Auditors: KPMG Peat Marwick, LLP, San Diego
Information was compiled from the company’s annual and proxy reports.
