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Franklin A. Jacobs
Chairman and chief executive
Falcon makes commercial furniture for the hospitality, office, fast-food restaurant and food-service markets. The company reported a profit of $9.2 million or $1.05 a share, on sales of $315.7 million for the year ended Oct. 28, 2000. The company's common stock is traded on the New York Stock Exchange under the symbol FCP. The following information is taken from the company's 2001 and 2000 proxies, which list Jan. 18, 2001, and Jan. 18, 2000, as dates of record.
EXECUTIVE COMPENSATION
Name and position Year Salary Bonus LTIP [1] Total
Franklin A. Jacobs 2000 $718,908 0 0 $718,908
Chairman and chief executive 1999 $653,846 $60,000 0 $713,846
Darryl Rosser [2] 2000 $359,454 0 0 $359,454
Former president 1999 $326,923 $66,472 0 $393,395
and chief operating officer
Stephen E. Cohen 2000 $184,808 0 0 $184,808
Vice president-sales 1999 $159,154 $32,035 0 $191,189
and marketing
Michael J. Dreller 2000 $184,808 0 0 $184,808
Vice president-finance and 1999 $157,462 $32,035 0 $189,497
chief financial officer
Michael J. Kula 2000 $178,269 0 0 $178,269
Vice president-corporate 1999 $169,154 $34,037 0 $203,191
technology and development
(1.)Long-term incentive pay
(2.)Rosser resigned as a director and
the president and chief operating
officer of the company Dec. 6, 2000.
David L. Morley succeeded him Dec. 13.
SIGNIFICANT STOCK OWNERSHIPS [3]
Total Percent of
Name of common Previous common
beneficial owner shares year (1999) shares
Franklin A. Jacobs 2,110,726 2,047,220 23.5%
Royce Funds Inc. 966,600 982,900 11.0%
Dimensional Fund Advisors Inc. 588,356 556,256 6.7%
Putnam Investment Management 578,050 Not ...