45 William St.
Wellesley, Mass. 02841
781-237-5100; fax 781-431-4255
Employees: 12,500
PerkinElmer is a global technology company that provides products to the telecom,
pharmaceutical, chemical, medical, aereospace and photographic markets, and has
operations in more than 125 countries. The company has four segments: Life Sciences,
Optoelectronics, Instruments and Fluid Sciences. For the six months ended July
1, the company reported sales of $795.3 million, an increase of 7 percent, and
$72 million in net income from continuing operations, an increase of 31 percent.
Stock Information
Exchange: NYSE
Symbol: PKI
Annual meeting: April 24, 2001
Shares of common stock outstanding as of July 30, 2001: 100,900,000
Stock price as of Thursday, August 2, 2001: $31.09
Market value as of Thursday, August 2, 2001: $3,136,981,000
12-month high stock price: $60.50
12-month low stock price: $21.28
Operating Results
(dollars in thousands, except per share data)
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| For the years ending Dec. 31, |
2000
|
1999
|
1998
|
| Sales |
1,695,267
|
1,363,129
|
$854,382
|
| Net income |
90,520
|
154,316
|
102,002
|
| Net income per share |
1.77
|
3.31
|
2.22
|
| Total assets |
2,260,179
|
1,714,640
|
1,138,778
|
| Long-term debt |
583,337
|
114,855
|
129,835
|
|
2000
|
1998
|
1996
|
|
| Shareholders’ equity |
728,389
|
339,667
|
365,106
|
Directors
Tamara J. Erickson, 46, director since
1995, management consultant. Shares: 14,200
Kent F. Hansen, 69, director since 1979, professor of Nuclear Engineering
at Massachusetts Institute of Technology. Shares: 8,200
John F. Keene, 69, director since 1997, founder and chairman of the board
of Keane, Inc. Shares: 5,000
Nicholas A. Lopardo, 54, director since 1996, vice chairman of State Bank
and Trust Co. and chairman and chief executive officer of Street Global Advisors,
the bank’s investment management group. Shares; 7,955
Greta E. Marshall, CFA, 63, director since 1990, manages The Marshall
Plan, a financial investment company she founded in 1988. Shares: 18,000
Michael C. Ruettgers, 58, director since 1997, executive chariman
of EMC Corp. Shares: 25,100
Gabriel Schmergel, 60, director since 1999, retired chief executive officer
and president of Genetics Institute. Shares: 4,100
Kenton J. Sicchitano, 56, director since 2001, global management partner,
Independence and Regulatory Affairs of PricewaterhouseCoopers LLP. Shares: 0
Gregory L. Summe, 44, director since 1998, chairman, chief executive officer
and president of the company. Shares: 650,000
G. Robert Tod, 61, director since 1984, retired vice chairman, president
and chief operating officer of CML Group, Inc. Shares: 22,567
Directors’ fees
Each non-employee director receives an annual retainer of $12,000
plus $1,000 for each board meeting attended. Chairpersons of the compensation,
audit, stock option and employee benefit plans, corporate governance and nominating
committees receive $4,000 per year and all non-employee members of these committees
receive $3,000 a year. Additionally, all non-employee members of these committees
receive $1,000 for each committee meeting attended unless the meeting is scheduled
on the same day as a board meeting, in which case the committee member receives
$500.
Top institutional holders
Putman Investment Management, Inc., 3,801,359 shares;
California, University of — Regents, 2,155,688 shares;
Seneca Capital Management, 2,011,828 shares.
Executive compensation
|
Fiscal Year
|
2000
|
1999
|
|
Gregory L. Summe, chairman, CEO and president
|
$2,963,469
|
$1,857,681
|
|
Robert F. Friel, senior vice president
and CFO |
$957,971
|
$628,645
|
|
John J. Engel, president, Optoelectronics
SBU |
$771,842
|
$474,386
|
|
Terrance L. Carlson, senior vice president
|
$664,345
|
$466,147
|
| Richard F. Walsh |
$651,465
|
$559,990
|
Exercised stock options
|
Shares acquired on exercise
|
Value realized
|
|
|
Gregory Summe
|
250,000
|
$20,106,867
|
| Richard F. Walsh |
33,334
|
$2,914,755
|
*Executive compensation includes salary, bonuses, and other compensation,
including life insurance, cash profit sharing and other payments.
Source: Proxy statement, annual report, quarterly
reports, and other PBN research













