Litton Industries Inc.Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. Inc. Beverly Hills-based Litton supplies high-technology products and services, including electronics and defense systems, industrial automation and resource exploration. Annual meeting: Dec. 7, 1989. Information contained herein is from the Oct. 26, 1989 proxy and its 1989 annual report. 1989. Stock symbol: LIT-NYSE & PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. . Table : Value Approximate shares of common stock outstanding as of Oct. 16, 1989 24.45 million Value of one share of common stock as of Dec. 15, 1989 $76.38 Approximate value of outstanding common stock as of Dec. 15, 1989 $1.9 billion Table : Nominees/directors
Shares
Name/occupation beneficially owned Value
C.B. Thornton Jr. (47), president, Thornton Corp. 494,310 $37,755,398 Orion L. Hoch (60), chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . 50,039 3.82 million Joseph T. Casey (58), vice chairman and chief financial officer. 43,316 3.3 million Fred W. O'Green (68), chairman of the executive committee. Former chairman 42,069 3.2 million and CEO of the company. Roland O. Peterson (57), president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . 10,573 807,566 Jayne B. Spain (68), former senior v.p., public affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , Gulf Oil Corp., 10,437 797,178 former visiting professor and executive-in-residence at the George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. . Paul Bancroft III (59), venture 1,000 76,380 capitalist and consultant to Bessemer Securities Corp., a 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 private investment company. Wallace W. Booth (67), former 547 41,780 chairman, Ducommun Inc., an aerospace and electronics supplier. Thomas B. Hayward Admiral Thomas Bibb Hayward (born 1924- ) was Chief of Naval Operations (CNO) for the United States Navy from July 1 1978, until June 30 1982, after which he retired from military service. He is a 1948 graduate of the United States Naval Academy. (65), president, 506 38,648 Thomas B. Hayward Associates Inc., an executive consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a for Asia-Pacific business development. James H. Zumberge (65), president 102 7,791 of the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission since 1980. All officers and directors as a group 765,775 $58.49 million Table : Performance record (in thousands, except per share)
1989 1988 1987 1986 1985
Net Sales $5,023 4,864 4,420 4,521 4,591
Net income $178 167 138 71 299
Net income per share $7.05 6.33 5.16 2.52 7.27
Total assets $5,258 5,075 4,881 4,569 4,569
Table : Executive compensation
Name Position Salary/Deferred
Compensation
Orion L. Hoch chairman of the board
and CEO, director $1,110,099
Roland O. Peterson president and
COO, director 647,676
Joseph T. Casey vice chairman and
CFO, director 713,156
Joseph F. Caligiuri executive v.p. 549,544
M. Howard Dingman Jr. senior v.p. and president
of Western Atlas 531,367
International Inc.
All 12 executive officers as a group $6,037,106 Table : Significant stock ownership
Total shares
Name of beneficial owner common stock Percent of class
Teledyne Inc. 7,166,982 29.3
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