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SBJ/June 18 - 24, 2001/Special Report
Action Performance Companies, Inc.
Published June 18, 2001
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Action Performance Companies Inc. Introduction: Action Performance hit the wall last year, as the downturn in the collectibles markets hammered its earnings, and in turn its stock, which fell to as low at $2.25. Once a high flier that mirrored the booming NASCAR, Action Performance appeared for a while that it might not even walk away from the crash that left it with a $75 million loss last year. But like an engine roaring back to life, the stock has sizzled recently and has climbed into the $20s, in part because of a resurgence in NASCAR collectibles. In a way, Action's performance can be viewed as a proxy for the privately held NASCAR. When the sport struggles, Action gets a cold. If people aren't watching or attending events, they aren't buying replica race cars. And when the sport booms, as it is again today with sky-high TV ratings, business is good for Action. CEO: Fred Wagenhals
Board of directors: • Fred W. Wagenhals — Founded company and is chairman of the board, president and CEO. (Owns 2,099,599 shares, or 13%) • R. David Martin Jr. — Martin has been CFO since August. (Owns 2,414 shares) • Melody L. Volosin — Volosin is executive vice president of sales. (Owns 46,225 shares) • John S. Bickford Sr. — Bickford has been executive vice president of strategic alliances since July 1997. (Owns 62,431 shares) • Paul G. Lang — Lang is managing director of MiniChamps, GmbH. (Owns no shares) • Jack M. Lloyd — Lloyd was president and CEO of Phoenix Restaurant Group Inc. until September. (Owns 40,000 shares) • Robert H. Manschot — Manschot is managing director of Manschot Investment Group LLC and chairman of Silicon Entertainment Inc. (Owns no shares) • Edward J. Bauman — Bauman is the former owner of Richmond International Raceway. (Owns 28,000 shares) Corporate officers: • Melody L. Volosin, executive vice president, sales (2000 salary: $165,000; bonus: $30,000; other compensation: $3,800; options: 143,726) • John S. Bickford Sr., executive vice president (2000 salary: $194,125; bonus: $10,000; other compensation: $1,407; options: 75,000) • Tod J. Wagenhals (resigned Aug. 1), executive vice president and secretary (2000 salary: $195,250; bonus: $100,000; other compensation: $1,100; options: 144,700) • Christopher S. Besing, vice president, chief financial officer ($146,395; bonus: 0; other compensation: 0; options: 0) Largest outside shareholder: Strong Capital Management Inc. — 2,347,089 (14.7%)
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