aser Power Corp. designs, manufactures and markets high-performance optics for industrial, medical and military applications.
Total number of shares outstanding as of Feb. 28, 2000 8,630,000
Price of each share of common stock on Feb. 28, 2000 $7.88
Aggregate market value as of Feb. 28, 2000 $68,004,400.00
For year ended in thousands, except per-share data
Sept. 30, 1999 Sept. 30, 1998 Aug. 31, 1997
Revenues $34,010 $30,116 $29,740
Net income (loss) $(1,487) $(7,032) $2,275
Net income (loss) per share $(0.18) $(0.85) $0.32
Total assets $21,908 $24,618 $28,119
Robert G. Klimasewski, 56, served as director since 1980 and chairman since December 1998. He also served as chairman, president and CEO of Transmation, Inc., an electronic instrumentation manufacturer, since 1994 and served as vice chairman of Burleigh Instruments, Inc., a scientific instrument and laser manufacturer, since 1972.
Dick Sharman, 65, served as director since February 1998 and CEO since December 1998. He also serves as president and CEO of Exotic Materials, Inc.
William G. Fredrick Jr., 59, served as director since 1980. He also served as president of Laser Mechanisms, Inc., a laser device and accessory manufacturer, since 1980, and Oxid Corp., a laser device and accessory manufacturer, since 1986.
Robert P. Perkins, 47, served as director since February 1998. He has been a private investor and business consultant since 1991. He also serves as director of EMI Acquisition Corp.
John C. Stiska, 57, served as director since 1987. He is chairman of Commercial Bridge Capital, LLC, and serves as counsel to the law firm of Latham & Watkins. He is also a director of Jaymark, Inc., FirstWorld Communications, Inc., Eaton Vorad, Inc. and WebSense, Inc.
Officers Cash Compensation
Dick Sharman, CEO $207,700
Glenn Sherman, former chairman and CEO $82,100
Douglas Tanimoto, president of research division $160,000
Dean Hodges, president of microlasers division $155,900
Paul Wickman, senior vice president and CFO $138,700
Significant Stock Ownership
Number of shares Percent
Dec. 1, 1999
Union Miniere USA, Inc. 1,316,713 14.7
II-VI Inc. 1,250,100 14.6
Glenn Sherman 667,831 7.7
Wellington Management Co., LLP 603,000 7.0
Dick Sharman 424,836 5.0
All directors and officers as a group (Eight persons) 1,855,752 20.2
Headquarters: 12777 High Bluff Drive, San Diego, CA 92130; (858) 755-0700; fax (858) 259-9093; (www.laserpower.com)
Auditors: Ernst & Young LLP, San Diego
Information was compiled from the company’s annual and proxy reports.