2850 W. Golf Rd., Rolling Meadows 60008; 847-439-4444
Web site: www.antec.com
Founded: 1969
Employees: 2,800; 160 in Illinois
Year-end: Dec. 31
Foreign sales: 40 percent of $480.1 million
Chief executive: John M. Egan, 50, since 1980
Cash compensation: $502,375, down 43 percent
Options granted: $3,202,300 up 350 percent
Options, stock appreciation rights exercised: None
Shares owned: 454,004 of 39.3 million shares
Largest shareholder: Tele-Communications Inc., 18.3 percent
Stock: 365-day close as of April 15
High: $17.94
Low: $7.37
April 15 close 17.37
April 17, 1998, value of $1,000 in company stock:
Purchased 1997: $2,246
Purchased 1993: N.A.
Antec Corp. designs, makes, distributes and integrates broadband communications products, mostly for the cable television industry.
The firm, which has acquired several companies recently, announced early this year that it will move its administrative offices to Atlanta and Englewood, Colo., where many of its employees are located.
Although revenues fell in 1997, cable TV companies were restructuring and gearing up to digitize and upgrade networks in 1998. Antec expects growth in sales of its network infrastructure products and services.
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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. Here’s a quick primer on the information you’ll find:
– The CEO’s cash compensation, including bonus and other compensation paid in 1997, 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.
– Estimated current values of stock options granted the CEO, and the change from the prior year, as well as options and stock appreciation rights exercised during the year. In most cases, the value of options granted is based on an assumption of a 5 percent annual rate of stock price growth, or is determined using the Black-Scholes option pricing model.
– Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago. The date on which these calculations are based is April 17. 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.
– Bloomberg News, New York.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
