Maxwell Technologies, Inc. NASDAQ MXWL
Maxwell Technologies, Inc. applies industry capabilities in pulsed power, space applications, industrial computers and other advanced technologies to develop and market products and services for commercial and government customers.
Value
Total number of shares outstanding as of Dec. 13, 1999 9,560,000
Price of each share of common stock on Dec. 13, 1999 $10.3125
Aggregate market value as of Dec. 13, 1999 $98,587,500
Performance Record
For year ended July 31, in thousands, except per-share data
1999 1998 1997
Sales $179,685 $140,565 $117,775
Net income (loss) $11,068 $(1,707) $6,507
Net income (loss) per share $1.12 $(0.20) $0.87
Total assets $134,434 $115,385 $55,180
Directors
Kenneth F. Potashner, 42, served as director since April 1996 and chairman since April 1997. In November 1998, he was named CEO of S3 Inc., a manufacturer of graphics accelerator chips.
Mark Rossi, 43, was appointed as director in November 1997. He is a senior managing director of Cornerstone Equity Investors, L.L.C. He is a director of True Temper, Inc. and MCMS, Inc.
Jean Lavigne, 61, was appointed as director in August 1999. He is the vice president and country president in France for Motorola, Inc.
Karl M. Samuelian, 67, has been director since 1967.
Carlton J. Eibl, 39, was appointed a director in July 1998 and named CEO and president in November 1999.
Executive Compensation
Officers Cash Compensation
Kenneth Potashner, former CEO $520,937
Thomas Horgan, former CEO $417,257
Gregg McKee, vice president $293,459
John Werderman, vice president $280,392
Walter Robertson, vice president $271,560
Ted Toch, vice president $283,839
Significant Stock Ownership
Number of shares Percent
Sept. 30, 1999
Kenneth Potashner 234,796 2.4
All directors and executive officers as a group (13 persons) 503,149 5.1
Other Information
Headquarters: 9275 Sky Park Court, San Diego CA 92123; (858) 279-5100; fax (858) 277-6754; (www.Maxwell.com)
Auditors: Ernst & Young LLP, San Diego
Information was compiled from the company’s annual and proxy reports.
