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February 11, 1993 | From Times Staff and Wire Reports
Founder of J.M. Peters to Retire: Builder James M. Peters, who helped pioneer mass construction of high-quality, high-cost homes in Southern California, will retire Feb. 28 as president and chief executive of J.M. Peters Co., the Newport Beach-based company he founded nearly two decades ago. Peters, who sold his interest in the firm in 1985, said he is leaving after helping nurse the company to health in the wake of the 1990 collapse of its former majority owner.
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BUSINESS
February 11, 1993 | From Times Staff and Wire Reports
Founder of J.M. Peters to Retire: Builder James M. Peters, who helped pioneer mass construction of high-quality, high-cost homes in Southern California, will retire Feb. 28 as president and chief executive of J.M. Peters Co., the Newport Beach-based company he founded nearly two decades ago. Peters, who sold his interest in the firm in 1985, said he is leaving after helping nurse the company to health in the wake of the 1990 collapse of its former majority owner.
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BUSINESS
March 22, 1991 | John O'Dell, Times staff writer
Builder James M. Peters, whose once fabulously successful J.M. Peters Co. has been pummeled by the housing recession and the thrift-industry debacle, has assured shareholders that he will remain with the firm at least until federal regulators find a buyer for the 86% of the company once owned by insolvent San Jacinto Savings in Houston. The Peters Co. has been liquidating unsold inventory and raw land at distress-sale prices to pay off nearly $100 million in overdue construction loans.
BUSINESS
February 11, 1993 | JOHN O'DELL, TIMES STAFF WRITER
Builder James M. Peters, who helped pioneer mass construction of high-quality, high-cost homes in Southern California, will retire Feb. 28 as president and chief executive of the company he founded nearly two decades ago. Publicly traded JM Peters Co. will continue operating under the same name, Peters and other officials said Wednesday, and plans to build at least 1,500 homes in the next three to four years.
BUSINESS
May 31, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Apparently moving to protect his interest in the company he founded, sold and now is trying to buy back, developer James M. Peters has signed a one-year extension of his employment agreement with J.M. Peters Co., officials of the large Southland residential development firm said Wednesday. The company said that Peters' new agreement calls for him to remain as chairman and chief executive through Feb. 28, 1991.
BUSINESS
May 31, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Apparently moving to protect his interest in the company he founded, sold and is now trying to buy back, developer James M. Peters has signed a one-year extension of his employment agreement with J. M. Peters Co., officials of the large Southland residential development firm said Wednesday. The company said Peters' new agreement calls for him to remain as chairman and chief executive through Feb. 28, 1991.
BUSINESS
March 2, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Breaking months of silence on the issue, J.M. Peters Co. said Thursday that its founder, chairman and namesake, James M. Peters, is interested in acquiring San Jacinto Savings Assn.'s 86% stake in the home-building company. While company officials would not elaborate, an analyst said Peters has hired an investment banker to help secure financing for the possible buyout. Peters made $40 million selling the company to Houston-based San Jacinto in 1985.
BUSINESS
February 11, 1993 | JOHN O'DELL, TIMES STAFF WRITER
Builder James M. Peters, who helped pioneer mass construction of high-quality, high-cost homes in Southern California, will retire Feb. 28 as president and chief executive of the company he founded nearly two decades ago. Publicly traded JM Peters Co. will continue operating under the same name, Peters and other officials said Wednesday, and plans to build at least 1,500 homes in the next three to four years.
BUSINESS
June 25, 1988 | Michael Flagg, Times staff writer
James M. Peters earned nearly $6.7 million last year, most of it a bonus for staying on as chairman, president and chief executive of Newport Beach home builder J.M. Peters Co. after selling it to Dallas' Southmark Corp. in 1985. Southmark, in turn, sold nearly 13% of the company's stock to the public, and the information about Peters' earnings was included in the company proxy mailed to shareholders this week. Peters earned $376,000 in salary and $6.
CALIFORNIA | LOCAL
August 20, 1991 | ERIC LICHTBLAU, TIMES STAFF WRITER
Armed men bound and robbed one of Orange County's biggest home builders and two family members within a guarded, luxury community the developer built a decade ago, police said Monday. No one was hurt in the attack, police said. The two men fled with an undisclosed amount of cash and jewelry from the Belcourt Drive North home of James M. Peters, who made his mark in the 1980s building upscale homes around the Southland.
CALIFORNIA | LOCAL
August 20, 1991 | ERIC LICHTBLAU, TIMES STAFF WRITER
Armed men bound and robbed one of Orange County's biggest home builders and two family members within a guarded, luxury community the developer built a decade ago, police said Monday. No one was hurt in the attack, police said. The two men fled with an undisclosed amount of cash and jewelry from the Belcourt Drive North home of James M. Peters, who made his mark in the 1980s building upscale homes around the Southland.
BUSINESS
March 22, 1991 | John O'Dell, Times staff writer
Builder James M. Peters, whose once fabulously successful J.M. Peters Co. has been pummeled by the housing recession and the thrift-industry debacle, has assured shareholders that he will remain with the firm at least until federal regulators find a buyer for the 86% of the company once owned by insolvent San Jacinto Savings in Houston. The Peters Co. has been liquidating unsold inventory and raw land at distress-sale prices to pay off nearly $100 million in overdue construction loans.
BUSINESS
May 31, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Apparently moving to protect his interest in the company he founded, sold and now is trying to buy back, developer James M. Peters has signed a one-year extension of his employment agreement with J.M. Peters Co., officials of the large Southland residential development firm said Wednesday. The company said that Peters' new agreement calls for him to remain as chairman and chief executive through Feb. 28, 1991.
BUSINESS
May 31, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Apparently moving to protect his interest in the company he founded, sold and is now trying to buy back, developer James M. Peters has signed a one-year extension of his employment agreement with J. M. Peters Co., officials of the large Southland residential development firm said Wednesday. The company said Peters' new agreement calls for him to remain as chairman and chief executive through Feb. 28, 1991.
BUSINESS
March 2, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Breaking months of silence on the issue, J.M. Peters Co. said Thursday that its founder, chairman and namesake, James M. Peters, is interested in acquiring San Jacinto Savings Assn.'s 86% stake in the home-building company. While company officials would not elaborate, an analyst said Peters has hired an investment banker to help secure financing for the possible buyout. Peters made $40 million selling the company to Houston-based San Jacinto in 1985.
BUSINESS
June 25, 1988 | Michael Flagg, Times staff writer
James M. Peters earned nearly $6.7 million last year, most of it a bonus for staying on as chairman, president and chief executive of Newport Beach home builder J.M. Peters Co. after selling it to Dallas' Southmark Corp. in 1985. Southmark, in turn, sold nearly 13% of the company's stock to the public, and the information about Peters' earnings was included in the company proxy mailed to shareholders this week. Peters earned $376,000 in salary and $6.
BUSINESS
May 17, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
For many Orange County executives, 1991 was a year when their pay packages came under greater shareholder scrutiny and corporate boards were cautious in handing out cash bonuses and perks. It mirrored a trend statewide of keeping executive compensation in line with a company's financial performance. Of the top 100 county executives on the list of publicly traded companies, one-third of the officers saw their cash compensation remain unchanged or had it reduced.
BUSINESS
September 21, 1988
ADDRESS: 3501 Jamboree Rd., Newport Beach. BUSINESS: The company builds single-family homes in Southern California. ASSETS: $241.6 million (Feb. 28, 1988). NUMBER OF EMPLOYEES: 215. TOP EXECUTIVES: Cash Name Position Compensation James M. Peters Chairman, president, $375,750 chief executive officer Christopher Gibbs Executive vice president, NA chief operating officer William J. Pittman Vice president, $410,625 chief financial officer Richard D. Bradshaw Vice president $479,897 Marquis L.
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