BNET Industries

Market Cap:$784.1M
Last Fiscal Year Sales:$1.6B
  • Public
  • US
Dow Jones Description

During the third quarter, our results were significantly impacted by the recent deterioration in the global economy. These economic factors led to lower consolidated total revenues and earnings during the third quarter of 2009 compared to the prior year quarter. The most significant items causing the decline in earnings compared to the prior year were the goodwill impairment charges in our AG Interactive segment and United Kingdom (U.K.) reporting unit. During the quarter, indicators emerged within these businesses that led us to conclude that an interim goodwill impairment test was required. As a result of the testing, we recorded a preliminary impairment charge to write-off substantially all of the goodwill of these business units, totaling approximately $232 million. In conjunction with this testing, we also tested intangible assets within these businesses and recorded an impairment charge of approximately $11 million in the AG Interactive segment. Within our Retail Operations segment, weak performance in certain retail stores led to a fixed asset impairment test. As a result of that testing, we recorded an impairment charge of approximately $4 million. Based on the recent performance in this segment, we are currently analyzing our long-term strategy, which may include significant store closures in the near term.

President and Chief Executive Officer, Forest City Enterprises, Inc.
Charles A. Ratner
Number of Employees 9,000
Contact Information

1 American Rd

Cleveland, Ohio 44144-2398

www.corporate.a...

(216) 252-7300

NAICS Code Greeting Card Publishers: 511191

Recent Events

  • Check Of Q3 EPS Surprises Reveals Surprising Names

    11/25/09 - Financial Announcement - View Story

  • Taylor Swift and American Greetings Agree ... 'You Belong With Me'

    11/17/09 - Joint Venture / Alliance - View Story

  • Imperial Capital seeks to raise $150 million in IPO

    10/23/09 - Merger / Acquisition - View Story

  • Reportlinker Adds Global Greeting Cards Industry

    10/16/09 - Merger / Acquisition - View Story

  • Soleil Securities Maintains a 'Buy' Rating on American Greetings AM; Raises PT

    10/14/09 - Bond / Stock Rating - View Story

  • Media: The great strawberry shortcake custody battle

    10/01/09 - Lawsuit Filed - View Story

  • Soleil Upgrades American Greetings AM Following Earnings Beat

    9/24/09 - Bond / Stock Rating - View Story

  • Morning Movers 9/24: LBIX, CRXX, EFOI, HLCS, GNVC, VICL Higher; CHTP, CNXT, HERO, RAD, PSEC...

    9/24/09 - Bond / Stock Rating - View Story

  • Red Hat, Vail Rise; Nomura, Hercules Fall

    9/27/09 - Financial Announcement - View Story

  • American Greetings AM Announces Quarterly Dividend 12c, Yielding 3.20%

    9/16/09 - Stock Split / Dividend - View Story

  • American Greetings to Webcast Fiscal 2010 Second Quarter Conference Call

    9/01/09 - Financial Announcement - View Story

  • StockSource.us: Today's Stock Pick -- EcoBlu Products NECO.

    6/25/09 - Financial Announcement - View Story

News & Analysis

american greetings corp. and americangreetings - All News and Analysis

Decision Makers

Name (plus bio) Position
Charles A. Ratner President and Chief Executive Officer, Forest City Enterprises, Inc.
Jeffrey D. Dunn President and Chief Executive Officer, Hit Entertainment Lmited
Josef Mandelbaum CEO, Ag Intellectual Properties
Zev Weiss Chief Executive Officer
Jeffrey M. Weiss President
Jerry Sue Thornton President, Cuyahoga Community College
Scott S. Cowen President
Joseph B. Cipollone Chief Accounting Officer, Controller & Vice President
Stephen J. Smith Chief Financial Officer
Steven S. Willensky Chief Marketing Officer & Senior Vice President, Sales
Brian T. McGrath Senior Vice President, Human Resources
Catherine M. Kilbane Senior Vice President
Erwin Weiss Senior Vice President, Enterprise Resource Planning
Jeffrey Conrad Senior Vice President, Creative, AG Properties
John Beeder Senior Vice President & Executive Officer, Sales, Marketing
Michael L. Goulder Senior Vice President
Robert C. Swellie Senior Vice President, Wal, Mart Team
Sally Babcock Senior Vice President, Interactive, Webshots, Photoworks
Tamra Knepfer Senior Vice President, Consumer Products, AG Properties
Tamra Seldin Senior Vice President, Consumer Prod, AG Properties
Tom Johnston Senior Vice President
William R. Mason Senior Vice President, Wal, Mart Team
Betts FitzGerald Vice President, Outbound Licensing
Douglas W. Rommel Vice President
Jane Carpenter Vice President, Marketing
Michael Brown Vice President of Licensing
Nicholas Montes Vice President, Marketing
Steve Laserson Vice President, Sales, Mass Mdse Channel
Carol Miller Executive Director of New Product Concepts
Mike Colant Executive Director
John S.N. Charlton Senior Vice President, International and Managing Director, Uk Greetings
Gregory M. Steinberg Treasurer & Director of Investor Relations
Herb Bauer Director of Trade and Business Development
Julie Davis Senior Brand Manager, AG Properties
Lindsay Martinez Brand Manager
Matt Schweitzer Brand Manager, AG Properties
David Michael Warner
Frank Cirillo
George Schill
John Keiser
Katherine Stack
Lisa Engelbrecht
Michelle Rankins Editor

Board of Directors

Name (plus bio) Position
Morry Weiss Chairman
Stephen R. Hardis Chairman
William E Macdonald Chairman
Harriet Mouchly Weiss Board of Directors
Harriet Mouchly-Weiss Board of Directors
James C. Spira Board of Directors
John Backus Board of Directors
Joseph S. Hardin Board of Directors
MICHAEL J MERRIMAN Board of Directors

Mr. Ratner is Chief Executive Officer, President and Director of Forest City Enterprises, a position he has held for more than the past five years. Mr. Ratner also serves on the board of directors of RPM International, Inc. (specialty coatings manufacturer). Mr. Ratner serves as a director or trustee of a number of civic and non-profit organizations including the Mandel Associated Foundations, David and Inez Myers Foundation, University Hospital, The Musical Arts Association, Greater Cleveland Partnership, the National Association of Real Estate Trusts, United Way Services and Jewish Community Federation of Cleveland.

Organization Position Status
American Greetings Corporation President and Chief Executive Officer, Forest City Enterprises, Inc. Current
American Greetings Corporation Chairman Current
RPM International Inc. Director Current
Jewish Community Federation Director Current
Musical Arts Association Board Member Current
University Hospitals Health System, Inc. Board of Directors Current
American Greetings Corporation Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
Greater Cleveland Partnership Board of Directors Current
Jewish Community Federation Trustee Current
Musical Arts Association Trustee Current
National Association of Real Estate Investment Trusts, Inc. Trustee Current

Organization Position Status
American Greetings Corporation President and Chief Executive Officer, Hit Entertainment Lmited Current
Hit Entertainment Limited President Current
American Greetings Corporation Board of Directors Current
Hit Entertainment Limited Chief Executive Officer Former
MTV Networks Company Former
Harvard College BA With Honors Former

Organization Position Status
American Greetings Corporation CEO, Ag Intellectual Properties Current
American Greetings Corporation Manager, Business Development Former

Organization Position Status
American Greetings Corporation Chief Executive Officer Current
Plus Mark, Inc. CEO Current
Weiss Inc. Chairman Current
Yeshiva University Board of Directors Current
American Greetings Corporation Board of Directors Current
American Greetings Corporation Sales Representative Former

Organization Position Status
American Greetings Corporation President Current
Plus Mark, Inc. President & COO Current
American Greetings Corporation Coo Current
Educational Television Association Board of Directors Current
American Greetings Corporation Board of Directors Current
American Greetings Corporation Executive Vice President, North American Greeting Card Division Former

Organization Position Status
American Greetings Corporation President, Cuyahoga Community College Current
Cuyahoga Community College President Current
American Family Insurance Group Board Member Current
Applied Industrial Technologies Inc. Director Current
The Quadrangle, Inc Board Member Current
Playhouse Square Foundation Board Member Current
The Cleveland Foundation Board Member Current
University Hospitals Health System, Inc. Board Member Current
American Greetings Corporation Director Current
Rock and Roll Hall of Fame and Museum, Inc. Board Member Current
RPM International Inc. Board of Directors Current
National City Corporation Board of Directors Current
The University of Texas Ph.D. Former
The University of Texas at Austin Ph.D. Former
Murray State University M.A. Former
Murray State University B.A. Former

Dr. Cowen is President and Seymour S. Goodman Professor of Management and Professor of Economics, Tulane University, a position he has held since 1998. Prior to that Dr. Cowen served as Dean and Albert J. Weatherhead, III Professor of Management, Weatherhead School of Management at Case Western Reserve University. Dr. Cowen serves as a director of Jo-Ann Stores, Inc. (specialty store retailer), Forest City Enterprises, Inc. (conglomerate corporation engaged in real estate development, sales, investment and construction) and Newell Rubbermaid Inc. (consumer home products). Dr. Cowen is also a Commissioner of the New Orleans Business Council, New Orleans Regional Chamber of Commerce, United Way of Greater New Orleans and Committee for a Better New Orleans.

Organization Position Status
Eco-Nomics, Inc. President and Seymour S Goodman Prof of Management Current
American Greetings Corporation President Current
Tulane University President Former
Tulane President Current
Rubbermaid, Inc. Committee Chair for Audit Committee Current
American Greetings Corporation Compensation& Management Development Committee Chairman Current
Tulane Board of Directors Current
Jo-Ann Stores, Inc. Director Current
American Greetings Corporation Director Current
Newell Rubbermaid Inc. Director Current
Eco-Nomics, Inc. Seymour S Goodman Memorial Professor of Business Former
Tulane University Professor of Economics Former
Weatherhead School of Management Professor of Management Former
Case Western Reserve University Associate Former
Newell Rubbermaid Inc. Member, Chairman's Executive Committee Former
Business-Higher Education Forum Board Member Former
The National Collegiate Athletic Association Board Member Former

Organization Position Status
American Greetings Corporation Chief Accounting Officer, Controller & Vice President Current
Plus Mark, Inc. Controller & Vice President Current
American Greetings Corporation Board of Directors Current
American Greetings Corporation Executive Director, International Finance Former
American Greetings Corporation Director, Corporate Financial Planning Former

Organization Position Status
American Greetings Corporation Chief Financial Officer Current
American Greetings Corporation Senior Vice President Current
American Greetings Corporation Treasurer Current
General Cable Corporation Vice President Former
American Greetings Corporation Investor Relations Former
General Cable Corporation Treasurer Former

Organization Position Status
American Greetings Corporation Chief Marketing Officer & Senior Vice President, Sales Current
Westec Interactive, Inc. Chief Executive Officer Former
Westec Interactive, Inc. President Former
Medex, Inc. President Former
Plus Mark, Inc. Senior Vice President, Sales, Marketing Former

Organization Position Status
American Greetings Corporation Senior Vice President, Human Resources Current
American Greetings Corporation Director, Industrial Relations Former

Organization Position Status
Plus Mark, Inc. General Counsel, Secretary & Senior Vice President Current
American Greetings Corporation Senior Vice President Current
The Andersons Incorporated Board of Directors Current
American Greetings Corporation Secretary Current
Baker & Hostetler LLP Partner Former
American Greetings Corporation General Counsel Former

Organization Position Status
Plus Mark, Inc. Senior Vice President Current
American Greetings Corporation Senior Vice President, Enterprise Resource Planning Current

Organization Position Status
American Greetings Corporation Senior Vice President, Creative, AG Properties Current

Organization Position Status
American Greetings Corporation Senior Vice President & Executive Officer, Sales, Marketing Current
Handleman Company President Former
Compact Clinicals President Former
Handleman Company Chief Operating Officer Former
Compact Clinicals Chief Operating Officer Former
Compact Clinicals Managing Partner Former

Organization Position Status
Plus Mark, Inc. Senior Vice President, Operations Current
American Greetings Corporation Senior Vice President Current
Booz Allen Hamilton, Inc. Vice President Former
American Greetings Corporation Executive Supply Chain Officer Former

Organization Position Status
American Greetings Corporation Senior Vice President, Wal, Mart Team Current

Organization Position Status
American Greetings Corporation Senior Vice President, Interactive, Webshots, Photoworks Current

Organization Position Status
American Greetings Corporation Senior Vice President, Consumer Products, AG Properties Current

Organization Position Status
American Greetings Corporation Senior Vice President, Consumer Prod, AG Properties Current

Organization Position Status
Plus Mark, Inc. Senior Vice President Current
American Greetings Corporation Senior Vice President Current
Balducci's Chief Executive Officer Former
Balducci's President Former
Carlton Cards Retail, Inc. President Former
Carlton Cards Retail, Inc. Senior Vice President Former
Gruppo, Levey & Co. Managing Director Former
Balducci's Chairman Former

Organization Position Status
Plus Mark, Inc. Senior Vice President Current
American Greetings U.S. Greeting Card Division Senior Vice President, Wal, Mart Team Current
American Greetings Corporation Senior Vice President, Wal, Mart Team Current
American Greetings Corporation General Sales Manager Former

Organization Position Status
American Greetings Corporation Vice President, Outbound Licensing Current

Organization Position Status
American Greetings Corporation Vice President Current
American Greetings Corporation Executive Director of E-Business Former
American Greetings Corporation Director of Applications Development Former
American Greetings Corporation Manager of Customer Support Services Former

Organization Position Status
American Greetings Corporation Vice President, Marketing Current

Organization Position Status
American Greetings Corporation Vice President of Licensing Current

Organization Position Status
American Greetings Corporation Vice President, Marketing Current

Organization Position Status
American Greetings Corporation Vice President, Sales, Mass Mdse Channel Current

Organization Position Status
American Greetings Corporation Executive Director of New Product Concepts Current

Organization Position Status
American Greetings Corporation Executive Director Current
American Greetings Corporation Sales Representative Current
Gmdc Current
Mount Union College Former

Organization Position Status
Plus Mark, Inc. Senior Vice President, Operations Current
American Greetings Corporation Senior Vice President, International and Managing Director, Uk Greetings Current
Pentland Group plc Managing Director of the Consumer Products Division Former

Organization Position Status
American Greetings Corporation Treasurer & Director of Investor Relations Current
American Greetings Corporation Board of Directors Current

Organization Position Status
American Greetings Corporation Director of Trade and Business Development Current
American Greetings Corporation Sales Representative Current
Gmdc Board of Directors Current

Organization Position Status
American Greetings Corporation Senior Brand Manager, AG Properties Current

Organization Position Status
American Greetings Corporation Brand Manager Current

Organization Position Status
American Greetings Corporation Brand Manager, AG Properties Current

Organization Position Status
American Greetings Corporation Current

Organization Position Status
American Greetings Corporation Current

Organization Position Status
Pittsburgh Society of Illustrators Co-Founder Current
The Pittsburgh Quarterly, Inc. Current
American Greetings Corporation Current

Mr. Keiser was recently promoted to the role of Vice President of Strategic Relationships for OneCoast. In this role, Mr. Keiser will be responsible for developing strong supplier relationships with new and existing partners for OneCoast. Prior to this role, he was responsible for OneCoast's Midwest Sales Region for 2 1/2 years. Mr. Keiser has over 20 years of industry experience, working for both American Greetings and Enesco prior to joining OneCoast in 2003.

Organization Position Status
American Greetings Corporation Current

Katherine Stack is the Director of Human Resources and Recruiting and has 18 years of experience in the field of Human Resources. She possesses a solid Human Resources generalist background with in-depth experience in talent acquisition, retention, performance management, career development and employee relations. Her industry experience includes working for Fortune 500 companies such as Rockwell Automation, Arrow Electronics and American Greetings as well other medium size growing businesses. Katie earned her Bachelors of Arts Degree in Business Psychology from Miami University, Oxford Ohio and her Master's Degree in Human Resources and Labor Relations from Cleveland State University. She is SPHR Certified, a member of the Society of Human Resources Management since 1991, a member of the Cleveland Coaching Federation, North Coast Entrepreneur Group and a recent Redroom Revolution participant.

Organization Position Status
American Greetings Corporation Current
Rockwell Automation, Inc. Current
Arrow Electronics, Inc. Current

Organization Position Status
Lisa Engelbrecht Instructor Current
American Greetings Corporation Current

Michelle "Shelly" Rankins is the author of the poetry book, I Am One Blessed Poet (September 2005), and president of pear five publishing and creative services. In July 2007, Ms. Rankins lectured on Langston Hughes and recited her own poetry at the International Conference on 20th Century American Poetry in Wuhan, China. Ms. Rankins was a featured poet at the 2006 Harlem Book Fair in Buffalo, NY; Notre Dame College, OH; and the 2005 Sankofa Fine Arts Expo in Cleveland. Ms. Rankins has guest lectured for the "Meet The Authors" program at Cuyahoga Community College Western & Eastern Campuses, Kent State University Alumni Association, and has performed at various venues in Cleveland, Washington DC, and in area public schools. In 2006, the Poets' and Writers' League of Cleveland selected her poem, "Girlfriend Haiku" for the 2006 07 Cleveland RTA "Moving Minds" Bus Card Project. Her poem was displayed in over 750 buses in the regional transit system. You can also find her poetry featured on Fresh Flames, a CD anthology (recorded in 2004) of local African American poets, and SLAM IT! recorded live at the Museum of Contemporary Art (MOCA) in 2005. Ms. Rankins holds a Master of Arts in English degree from Cleveland State University, and a bachelor degree from Kent State University. Currently, Ms. Rankins is employed as an editor for American Greetings, Inc.

Organization Position Status
American Greetings Corporation Editor Current
Poets' and Writers' League of Greater Cleveland Current

Organization Position Status
Plus Mark, Inc. Chairman Current
American Greetings Corporation Chairman Current
Yeshiva University Board of Directors Current
Primus Venture Partners Advisory Board Member Current
National City Corporation Board of Directors Current
American Greetings Corporation Group Vice President of Sales, Marketing and Creative Former
American Greetings Corporation Sales Representative Former

Organization Position Status
American Greetings Corporation Chairman Current
Marsh & McLennan Companies, Inc. Chairman Current
The Progressive Corporation Board of Directors Current
Axcelis Technologies, Inc. Board of Directors Current
Lexmark International, Inc. Board of Directors Current
Ironwood Management Partners II, LLC Board of Directors Current
Nordson Corporation Board of Directors Current
Lexmark International Middle East Fz LLC Director Current
Eaton Corporation Chief Executive Officer Former
Eaton Corporation Chairman Former
Axcelis Technologies, Inc. Chairman Former
Marsh & McLennan Companies, Inc. Board of Directors Former
American Greetings Corporation Board of Directors Former
STERIS Corporation Board of Directors Former
Princeton University Master's Degree In Public and International Affairs Former

Mr. MacDonald was Vice Chairman and member of the Office of the Chairman of National City Corporation (a financial holding company) from 2001 until his retirement on December 31, 2006. Prior to that, Mr. MacDonald held various management positions within National City over more than 35 years. Mr. MacDonald is a member of the board of directors of Lincoln Electric Holdings, Inc. (manufacturer and reseller of welding and cutting products). Mr. MacDonald participates as a board member of a number of civic, health care and non-profit organizations including The Cleveland Clinic Foundation, Great Lakes Theater Festival, Leadership Cleveland Class of 1987 and is Trustee Emeritus of The Diversity Center and ideastream WVIZ and 90.3.

Organization Position Status
American Greetings Corporation Chairman Current
Educational Television Association Board of Directors Current
American Greetings Corporation Board of Directors Current
Diversity Center Board of Directors Current
Lincoln Electric Holdings, Inc. Board of Directors Current

Organization Position Status
Strategy Xxi Group, Ltd. Managing Partner Current
Uja-Federation of New York Current
American Greetings Corporation Board of Directors Current
Strategy Xxi Group, Ltd. Owner Current

Harriet has won industry-wide recognition for her work in communications. She has established herself as a trusted advisor to heads of government, senior government ministers, and CEO's of Fortune 500 companies, providing them with guidance and vision in communications management. She has earned a reputation as a bold thinker, astute strategist, and firm believer in communications programs that incorporate a component of social responsibility. Acting as an advisor and consultant to multi-national companies in China since 1992, she has pioneered in bringing Western communications concepts to this emerging economic powerhouse. Harriet has a BA degree from Muhlenberg University and a MA in psychology from the Hebrew University in Jerusalem. She is on the Board of American Greetings (NYSE) and Viisage (NASDAQ) and serves on the Executive Committee of UJA Federation of New York, in addition to being on the Board of the New Israel Fund, the Abraham Fund, the Israel Policy Forum and Chairing the Israel Anti Drug Campaign. She is a member of the Committee of 200, the leading women's organization in the United States.

Organization Position Status
Strategy Xxi Group, Ltd. Founder Current
Plus Mark, Inc. Founder & Managing Partner Current
Inter-Agency Task Force Managing Partner of Strategy Xxi In New York Current
American Greetings Corporation Board of Directors Current
L-1 Identity Solutions, Inc. Board of Directors Current
Israel Policy Forum Board Member Current
Strategy Xxi Group, Ltd. Managing Partner Former
Hebrew University of Jerusalem MA In Psychology Former
American Greetings Corporation member Former

Organization Position Status
Alaris Consulting Advisory Director Current
Brulant, Inc. Chairman Current
CIBER, Inc. Chairman Current
Jackson Hewitt Tax Service Inc. Board of Directors Current
American Greetings Corporation Board of Directors Current
American Greetings Corporation Chief Executive Officer Former
American Greetings Corporation President Former
CIBER, Inc. President Former
American Greetings Corporation Chief Operating Officer Former
CIBER, Inc. Chief Operating Officer Former
The Tranzonic Companies Group Vice President Former
DiamondCluster International, Inc. Managing Director Former
Diamond Management & Technology Consultants, Inc. Managing Partner Former
DiamondCluster International, Inc. managing partner Former
American Greetings Corporation Chairman of the Board Former
CIBER, Inc. Director Former
Brulant, Inc. Director Former
Wharton Graduate School of the University of Pennsylvania Master of Business Administration Degree Former
Hobart and William Smith Colleges Master of Business Administration Degree Former
Hobart and William Smith Colleges Bachelor of Arts Degree In History Former
American Greetings Corporation Team Member Former

Organization Position Status
Intelidata Limited Chief Executive Officer Current
Netpreneur President and Chief Executive Officer of Intelidata and Serves Current
Intelidata Limited President Current
Draper Atlantic Founder Current
Ftrans Founder and Managing Partner, Draper Atlantic Current
New Atlantic Ventures Managing Partner Current
Draper Atlantic Managing Partner Current
Northern Virginia Technology Council Managing Partner, Draper Atlantic and Chairman, Nvtc Techpac Current
Intelidata Limited Board of Directors Current
Ftrans Board of Directors Current
Remitpro LLC Board of Directors Current
Artifact Network, Inc. Board of Directors Current
Luna Innovations Inc Board of Directors Current
Mobile 365, Inc. Board of Directors Current
American Greetings Corporation Board of Directors Current
Artifact Software, Inc. Board of Directors Current
Luna Innovations Inc Member Current
InteliData Technologies Corp. Chief Executive Officer Former
InteliData Technologies Corp. President Former
InteliData Technologies Corp. Officer Former
Vente, Inc. Former
Trancentrix, Inc. Former
Northern Virginia Technology Council Chairman Former
InteliData Technologies Corp. founding investor Former
Stanford University M.B.A. Former
Stanford Graduate School of Business M.B.A Former
Stanford University B.A. In Economics Former
Stanford University Degree Former

Joseph S. Hardin , Jr., age 61, has been a Director of PetSmart since September 2005. From 1997 until his retirement in 2001, Mr. Hardin was President and Chief Executive Officer of Kinko s, Inc. From 1986 to April 1997 he served in several executive positions in increasing responsibility at Wal-Mart Stores, Inc., ultimately as Executive Vice President and as President and Chief Executive Officer of SAM s Club, the wholesale division of Wal-Mart Stores, Inc. Mr. Hardin serves on the boards of American Greetings Corporation and Dean Foods Company.

Organization Position Status
PetSmart, Inc. Director Current
Wsvma Board of Directors Current
PetSmart Investor Relations Petm Board of Directors Current
Stocks-Investments Board of Directors Current
Phoenix-Arizona.Com Board of Directors Current
American Greetings Corporation Board of Directors Current
Dean Foods Company Board of Directors Current
Kinko's, Inc. President and Chief Executive Officer Former
Sam's Club President and Chief Executive Officer Former
Wal-Mart Stores, Inc. Executive Vice President and President Former
Southland Corporation Former

Mr. Merriman has been an operating advisor with Resilience Capital Partners, LLC, since July 1, 2008. From November 2006 until its sale in November 2007, Mr. Merriman served as Chief Executive Officer of The Lamson & Sessions Co. (a manufacturer of thermoplastic conduit, fittings and electrical switch and outlet boxes). Prior to joining Lamson & Sessions, Mr. Merriman served as the Senior Vice President and Chief Financial Officer of American Greetings from September 2005 until November 2006. He served as the President and Chief Executive Officer of Royal Appliance Mfg. Co. (a publicly-held manufacturer and marketer of Dirt Devil vacuum cleaners) from 1995 until April 2004 and was its Chief Financial Officer from 1992 to 1995. Mr. Merriman is a director of RC2 Corporation (a manufacturer of pre-school toys and infant products), Nordson Corporation (manufacturer of equipment used for precision dispensing, testing and inspection, surface preparation and curing) and OMNOVA Solutions Inc. (an innovator of emulsion polymers, specialty chemicals, and decorative and functional surfaces). Mr. Merriman is also a director of Students in Free Enterprise and True Hero, Inc., non-profit organizations.

Organization Position Status
Nordson Corporation Director Current
Glengary LLC Board of Directors Current
OMNOVA Solutions Inc. Board of Directors Current
John Carroll University Board of Directors Current
RC2 Corporation Director Current
The Singing Angels Board of Directors Current
American Greetings Corporation Board of Directors Current
Royal Appliance Mfg Co Chief Executive Officer Former
The Lamson & Sessions Co. Chief Executive Officer Former
The Lamson & Sessions Co. President Former
American Greetings Corporation Chief Financial Officer Former
American Greetings Corporation Senior Vice President Former
The Royal Vice President of Finance Former
The Lamson & Sessions Co. Executive Officer Former
The Lamson & Sessions Co. Board of Directors Former
John Carroll University B.S. in Business Administration Former

Executive News

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     AM $21.80 -0.07 (-0.32% )
Average Volume 694,351
Shares Outstanding 35.97M
Market Cap 784.1M
Year High 24.1
Year Low 3.24
Earnings Per Share -4.55
P/E Ratio -4.79
Dividend 0.48
Yield 2.20
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