630 Dundee Rd., Northbrook 60062; 847-498-7070
Web site: www.idexcorp.com
Founded: 1988
Employees: 3,800; 250 in Illinois
Year-end: December 31
Foreign sales: 39 perncet of $640 million
Chief executive: Frank Hansen, 57, since April
Cash compensation: $569,440, up 46 percent
Options granted: $769,524, up 66 percent
Options, stock appreciation rights exercised: $149,585
Shares owned: 102,453 of 29.5 million
Largest shareholder: KKR Associates LP, 29.1 percent
Stock: 365-day close as of April 15
High: $38.75
Low: $19.50
April 15: $25.25
April 15, 1999, value of $1,000 in company stock:
Purchased 1998: $725
Purchased 1994: $1,767
Idex Corp. designs, manufactures and distributes a broad range of proprietary pump products, dispensing equipment and other engineered products.
While worldwide developments in manufacturing prevented Idex from doing as well as expected, the company managed to set new records in 1998 for orders, sales and earnings. Donald N. Boyce, who had led the company since it was founded in 1988, retired as CEO on March 31, but continues as chairman.
The biggest challenge for Idex stems from the uncertain outlook in the manufacturing sector, a result of weakness in overseas economies.
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A guide to the Top 100 profiles
The Tribune’s business staff profiles the Chicago area’s Top 100 public companies, based on market capitalization as of April 15. Here’s a primer on the information you’ll find:
– The CEO’s cash compensation, including bonus and other compensation paid in 1998, 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 15. 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.
Bridge News.
