10500 W. 153rd St., Orland Park 60462; 708-349-3300
Website: www.andrew.com
Founded: 1937
Employees: 4,450; 1,703 in Illinois
Year-end: Sept. 30
Foreign sales: 47 percent of $793.6 million
Chief executive: Floyd L. English, 62, since 1983
Cash compensation: $1,304,307 down 26 percent
Options granted: $1,231,200 up 246 percent
Options, stock appreciation rights exercised: None
Shares owned: 301,264 of 60.6 million shares
Largest shareholder: Andrew Profit Sharing Trust, 5.5 percent.
Stock: 365-day close as of April 15, 1997
High: $42.56
Low: $26.31
April 15: $36.48
April 18, 1997 value of $1,000 in company stock:
Purchased April 18, 1996: $855
Purchased April 18, 1992: $9,440
Andrew Corp. is a global supplier of communications systems, equipment and services, with a special emphasis on wireless communications, antennas and coaxial cable products.
Last year, Andrew acquired Antenna Co., headquartered in Itasca, which designs, makes and markets antennas and other accessories for the mobile-phone handset accessory market.
Increasing phone competition worldwide and rising popularity of wireless technologies have fueled Andrew’s growth, and the company expects its profitability will accelerate in the coming year.
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A guide to the Top 100 profiles
The Tribune’s business staff profiles the Chicago area’s Top 100 companies, based on market capitalization as of April 15, 1997. Here’s a quick primer on the information you’ll find.
– The CEO’s cash compensation, including bonus and other compensation paid in 1996, along with the change from the prior year.
– The figure for the CEO’s stock holdings includes shares the CEO had the right to acquire within 60 days of the proxy statement’s issuance.
– The company’s largest shareholder, as listed in the proxy statement.
– Estimated current values of stock options granted the CEO, as reported in the proxy statement, and the change from the prior year, as well as options and stock appreciation rights exercised during the year. In most cases, the current value of options granted is based on the assumption of a 5 percent annual rate of stock price growth.
– Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago. The date on which those calculations are based is April 18. The results assume reinvestment of dividends on a quarterly basis.
The information in the profiles was obtained from the following sources:
– Company reports, including annual reports, public stock offering prospectuses and proxy statements.
– Interviews with company officials.
– Reports by securities analysts.
– News reports.
– Dow Jones News/Retrieval, an on-line service of Dow Jones & Co., New York.
– Bloomberg Business News, New York.
– TMS Stocks, a subsidiary of Tribune Media Services Inc., a unit of Tribune Co., Chicago.
– Morningstar Inc., Chicago.
– “First Chicago Guide,” published by Scholl Communications, Deerfield.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
