Diagnostic Products Corp.Diagnostic Products Corp. Los Angeles-based Diagnostic manufactures immuno-diagnostic kits to measure hormones, drugs and other substances in body fluids and tissues. The company is also engaged in the development of monoclonal antibodies This is a list of monoclonal antibodies, antibodies which are clones of a single parent cell. When used as medications, the generic names end in -mab (see "Nomenclature of monoclonal antibodies"). and applications of recombinant DNA recombinant DNA n. Genetically engineered DNA prepared by transplanting or splicing one or more segments of DNA into the chromosomes of an organism from a different species. Such DNA becomes part of the host's genetic makeup and is replicated. and genetic engineering. Information herein is from the company's March 28, 1989, proxy and 1988 annual report. Annual meeting: May 10, 1989. Stock symbol: DP -- NYSE NYSE See: New York Stock Exchange Value Total shares of common stock outstanding as of March 28, 1989 5.94 mil lion Value of one share of common stock as of March 31, 1989 $3 9.50 Approximate value of outstanding common stock as of March 31, 1989 $234.63 mil lion Directors
Shares
Name/occupation beneficially owned
Value
Sigi Ziering (61), chairman and chief executive officer. 1,44 million $56
.88 million
Marilyn Ziering (57), vice president of marketing and *
*
corporate secretary. Maxwell H. Salter (69), chairman and chief executive 231,800 9.16 million officer of clothing chain Benos. Vice-mayor of the City of Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. ; vice chairman of Unity Savings and Loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. ; and a director at Government Funding, a private company making guaranteed loans to small businesses. Sidney Aroesty (42), president and chief operating 30,950 1.22 million officer. Joseph Kleiman (69), consultant. Director at Syncor 22,500 888,750 Corp. James D. Watson James Dewey Watson (born April 6, 1928) is an American molecular biologist, best known as one of the co-discoverers of the structure of DNA. Watson, Francis Crick, and Maurice Wilkins were awarded the 1962 Nobel Prize in Physiology or Medicine "for their discoveries concerning the (60), director at Cold Spring Harbor 10,500 414,750 Laboratory, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Nobel Prize Nobel Prize, award given for outstanding achievement in physics, chemistry, physiology or medicine, peace, or literature. The awards were established by the will of Alfred Nobel, who left a fund to provide annual prizes in the five areas listed above. winner for his discovery of the double helix double helix n. The coiled structure of a double-stranded DNA molecule in which strands linked by hydrogen bonds form a spiral configuration. Also called DNA helix, Watson-Crick helix. structure of the DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. molecule. All 9 directors and officers as a group 1.88 million $74.26 million Performance record (in thousands, except per share)
1988 1987 1986 1985 1984
Revenues $47,010 36,922 29,030 22,679 17,684
Net income $12,425 9,273 6,302 3,909 2,880
Net income per share $1.94 1.46 1.04 0.73 0.54
Total assets $65,193 49,867 39,907 22,622 18,237
Executive compensation
Name Position
Compensation
Sigi Ziering ceo
$300,000
Sideny A. Aroesty president and chief operating officer
170,000
Said El Shami vice president--research
152,000
Marilyn Ziering vice president--marketing, and secretary
125,000
Julian R. Bockserman vice president--finance
88,000
All 6 executive officers as a group
$897,000
Significant stock ownership
Total shares
Name of beneficial owner common stock Percent of class
Sigi & Marilyn Ziering, Los Angeles 1.44 million 23.4
Louis Colen, Los Angeles 460,900 7.8
Herbert Simon, Indianapolis 303,750 5.1
Mel Simon, Indianapolis 303,750 5.1
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