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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.


Total number of shares outstanding as of Dec. 13, 1999 9,560,000

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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


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.


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