Moreover, it is very risky to invest in cigarettes, which made only 2. Tobaccos used in the manufacture of smokeless tobacco products are processed and aged by Registrant for a period of two to three years prior to their use. Michelle, Washington State's largest winery. Substantially similar proposals will likely be considered in 2002. Insider Trading activities of Ust Inc insiders. Retrieved 13 October 2018 — via www.
Registrant is named in three purported class actions filed in state court in Tennessee, New Mexico and West Virginia on behalf of putative class members who were indirect purchasers of Registrants smokeless tobacco products in those states during the period April 1996 through March 28, 2000 Tennessee and New Mexico and through December 31, 2000 West Virginia , alleging that Registrant has violated the antitrust laws, unfair or deceptive trade practices statutes and the common law of those states. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. But still, the company has stable growth, high profits and most likely will not present a problem for the bondholder. Operating Segment Data Registrant hereby incorporates by reference the Consolidated Segment Information pertaining to the years 1999 through 2001 set forth on page 23 of its Annual Report to stockholders for the fiscal year ended December 31, 2001 Annual Report , which page is included in Exhibit 13. Baseler has been employed by Registrant since August 30, 1984. Plaintiffs allege that Registrant engaged in conduct that violates the federal antitrust laws, including Sections 1 and 2 of the Sherman Act and Section 3 of the Clayton Act, and that Registrant engaged in this conduct unilaterally and in concert with its co-conspirators. Foxconn is a major equipment manufacturer supplier to electronics giants like Blackberry, Apple, Microsoft Xbox, Sony PlayStation and the Nintendo Wii.
Registrant uses grapes harvested from its own vineyards, as well as grapes purchased from independent growers located in Washington and California and purchased bulk wine from other sources. Verheij has been employed by Registrant since November 24, 1986. Registrant purchased all of its leaf tobacco from domestic suppliers in 2001. Registrants principal methods of competition in the marketing of its tobacco products include quality, advertising, promotion, sampling, price, product recognition and distribution. Chairman of the Board, Chief Executive Officer and President Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of Registrant and in the capacities and on the dates indicated. Company History--Beginnings The formation of the United States Tobacco Company dates back to 1911, when the U. Registrant believes that an unresolved controversy continues to exist among scientists concerning the claims made about alcohol beverages and health.
The following discussion will present a thorough analysis of main political, social, and economic forces that affected Dr. As of February 1, 2002, there were approximately 7,800 stockholders of record of its Common Stock. From September 1995 to October 1997, Mr. Cost of equity in 1998 is 4. Between 1974 and 1979, sales in the Southeast and Southwest leaped 145 percent and 108 percent respectively.
In 1958 it acquired Circus Foods, a candy bar and nut products manufacturer. Of the oral tobacco market, which included chewing tobacco, dry tobacco, and moist snuff, moist snuff was the only product showing sales increases. An investor should understand these and additional risks before trading. Moist smokeless tobacco products were little known outside of the United States and Sweden, where they originated. Kohlberger has served as Senior Vice President since October 29, 1990.
Learn how you can take control of your financial future by researching stocks the Also, be sure to check out our favorite financial success story:. The 1986 Smokeless Tobacco Act, passed during the same spring the Marsee trial occurred, ended snuff's exemption from the restrictions placed on cigarettes in the 1960s and 1970s. Yakima and Benton Counties, Washington and Mendocino County, California 3,374 Vineyards. Pat had given Chris her very first assignment on her first day of work as an executive assistant and that was to gather information so that Pat can present the issues to the board of directors. If 1 percent of U. Bantle predicted that the snuff market would increase to 100 million pounds by the dawn of the century and that most of the users would be people who had quit smoking but could not give up tobacco use.
Verheij, an Executive Officer, incorporated by reference to Exhibit 10. For the prediction of sales revenues I used the average of 2,91%. Seasonal Business No material portion of the business of any operating segment of Registrant is seasonal. At the present time, Registrant has no reason to believe that future raw material requirements for its tobacco products will not be satisfied. Registrant is a minor factor in the total nationwide business of producing wines. Registrant is a well established and major factor in the smokeless tobacco sector of the overall tobacco market. These products are for sophisticated investors who understand their risks including the effect of daily compounding of leveraged investment results , and who intend to actively monitor and manage their investments on a daily basis.
In The City and County of San Francisco, et al. Registrant is unable to assess the future effects these various actions may have on its cigar business. Principal Competitors:Conwood; Swedish Match; Swisher International. S Securities and Exchange Commission registered Alternative Trading System and a member of the and the. They are generating their cash flows out of the operations.
Senate Majority Leader Robert Dole of Kansas promised a hike would be considered if a forthcoming Surgeon General's report on smokeless tobacco was unfavorable. Competitive Conditions The tobacco manufacturing industry in the United States is composed of at least four domestic companies larger than Registrant and many smaller ones. Under the new agreement, the agency would also handle advertising for the Skoal and Rooster brands, plus the company's principal subsidiary's name change from United States Tobacco Company to United States Smokeless Tobacco Company. According to a University of Nebraska study, snuff use increased 30 percent between 1988 and 1992 and one in five male high-school seniors used the smokeless tobacco product. Contact us for a prospectus containing this information. Companies that do not want to become hostile takeover targets might undergo a recapitalization by taking on a very large amount of debt, and issuing substantial dividends to their shareholders this makes the stock riskier, but the high dividends may still make them attractive to shareholders. Registrant hereby incorporates by reference the information with respect to the security ownership of persons known to the Company to beneficially own more than 5% of the Companys outstanding stock, which is contained under the caption Beneficial Ownership of Common Stock in its Notice of 2002 Annual Meeting and Proxy Statement.
Information concerning executive officers of Registrant is set forth herein following Item 4 of this Report. As the main player in the market, they had the better position to take on and win in the price war. All Other Operations: Registrants international operation which markets moist smokeless tobacco and its cigar operation which manufactures and markets premium cigars are included in all other operations. All principal properties are owned in fee by Registrant. In no event shall stockzoa.