AMERICAN STORES CO.
ADDRESS: 19100 Von Karman Ave., Irvine
BUSINESS: A holding company for drugstore and food-store chains. The company owns Alpha Beta Stores Inc. and recently agreed to acquire Lucky Stores, Dublin, Calif. ASSETS: $3.7 billion (at Jan. 30, 1988)
NUMBER OF EMPLOYEES: 130,000
TOP EXECUTIVES:
Name: L.S. Skaggs Position: Chairman and president Cash Compensation: $1,147,649 Name: Richard E. George Position: President, Osco Drug Inc. subsidiary Cash Compensation: $515,244 Name: James H. Henson Position: Chairman and chief executive, Jewel Food Stores subsidiary Cash Compensation: $636,843 Name: Thomas W. King Position: Chairman, Alpha Beta Stores Inc. subsidiary Cash Compensation: $744,384 Name: Jonathan L. Scott Position: Chairman, American Superstores Inc. subsidiary Cash Compensation: $528,624 Source: American Stores proxy report dated April 29.
BOARD OF DIRECTORS
Name: L.S. Skaggs Age: 64 Occupation: Chairman and president of the company Shares Owned: 3,466,720 % of total shares: 11.5 Name: Jonathan L. Scott Age: 57 Occupation: Vice chairman and executive vice president of the company Shares Owned: 1,000 % of total shares: -- Name: Aline W. Skaggs Age: 62 Occupation: Member, Salt Lake City Airport Authority Shares Owned: 44,363 % of total shares: 0.2 Name: Leon G. Harmon Age: 62 Occupation: Director, First Interstate Bank of Utah Shares Owned: 1,000 % of total shares: -- Name: John E. Masline Age: 60 Occupation: Director, Alpha Beta Stores Inc. Shares Owned: 1,000 % of total shares: -- Name: I.J. Wagner Age: 72 Occupation: President, Keystone Co. Shares Owned: 7,947 % of total shares: -- Name: Louis H. Callister Age: 52 Occupation: Chairman, Callister, Duncan & Nebeker Shares Owned: 1,100 % of total shares: -- Name: L. Tom Perry Age: 65 Occupation: Official, Church of Jesus Christ of Latter-Day Saints Shares Owned: 300 % of total shares: -- Name: Barbara Scott Preiskel Age: 63 Occupation: Ex-senior vice president, Motion Picture Assn. of America Shares Owned: 315 % of total shares: -- Name: Earl P. Staten Age: 72 Occupation: Counsel to Callister, Duncan & Nebeker Shares Owned: 650 % of total shares: -- OTHER MAJOR SHAREHOLDERS
Name: First Interstate Bancorp Shares Owned: 2,982,140 % of total shares: 9.8 Name: Templeton, Galbraith & Hansberger Ltd. Shares Owned: 3,300,089 % of total shares: 10.8 Source: American Stores proxy report dated April 29.
FINANCIAL RESULTS
Fiscal year ends Jan. 31. Earnings and revenue in millions of dollars.
1988 1987 1986 1986 Revenue $14,272 $14,021 $13,889 $12,118 Earnings $154.3 $144.6 $154.5 $185.6 Per share $4.19 $3.79 $4.11 $5.71
STOCK DATA
Stock exchange, symbol New York, ASC
Shares outstanding (Jan. 30) 30,144,152
52-week high $86.25
52-week low $41.50
Tuesday’s closing price per share $50.25
Market value of common stock $1.51 billion
