FILENET CORP.
ADDRESS: 3565 Harbor Boulevard, Costa Mesa
BUSINESS: The company makes, markets and services document-image processing computer systems.
ASSETS: $70.2 million (Dec. 31, 1987) NUMBER OF EMPLOYEES: 406 TOP EXECUTIVES:
Cash Name Position Compensation Theodore J. Smith President, chief executive officer $187,494 Edward A. Miller Vice president, secretary $106,475 Mark S. St. Clare Vice president, chief financial officer NA Lawrence S. Jordan Vice president, sales $112,846 Robert C. Reece Vice president, manufacturing $108,574 David C. Seigle Vice president, marketing $104,538 Robert L. Castle Vice president NA
Source: Proxy report dated March 21.
BOARD OF DIRECTORS
Shares Name Age Occupation owned Theodore J. Smith 58 President and chief executive 387,696 of the company J. Burgess Jamieson 57 Principal, Jamieson & Co. 26,923 Frederick K. Fluegel 48 Managing general partner, Matrix -- Partners L.P. John C. Savage 40 Partner, Weiss, Peck & Greer -- Giuliano Raviola 55 NA --
% of total Name shares Theodore J. Smith 4.0 J. Burgess Jamieson -- Frederick K. Fluegel -- John C. Savage -- Giuliano Raviola --
OTHER MAJOR SHAREHOLDERS
Shares % of total Name owned shares Philip Greer 1,491,963 15.4 Matrix Partners 797,656 8.2 Olivetti Realty 587,358 6.0
Source: company reports.
FINANCIAL RESULTS
Fiscal year ends Dec 31. Earnings and revenue in millions of dollars.
1987 1986 1985 1984 Sales $52.1 $29.2 $10.8 $0.3 Earnings (loss) 6.9 1.4 (4.9) (6.3) Per share 0.75 0.17 (0.70) (1.23)
STOCK DATA Stock exchange, symbol: OTC, FILE Shares outstanding (Aug. 5): 9,708,696 52-week high: $16.50 52-week low: $6.50 Tuesday’s closing price per share: $7 Market value of common stock: $68 million
