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Jim Jannard

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BUSINESS
October 8, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Oakley Inc., shaking up its corporate suite again, said Thursday that Chairman Jim Jannard will become chief executive officer, the first time he has held the position since he founded the sunglasses company in 1975. Former Gatorade executive William Schmidt, who took the reins six months ago and quickly began expanding the Foothill Ranch-based company's marketing efforts, has resigned. Jannard, 50, will be Oakley's fourth chief executive since the company went public four years ago.
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BUSINESS
October 12, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
Oakley Inc. founder and Chairman Jim Jannard, who last week announced he was taking the reins of the Foothill Ranch sunglasses maker, has found a home closer to work. Jannard paid roughly $7 million for a 12,000-square-foot house in the hills above Newport Beach and Corona del Mar, one of the largest residential real estate transactions in California this year.
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BUSINESS
December 17, 1996 | GREG JOHNSON, TIMES STAFF WRITER
Oakley Inc. Chairman Jim Jannard, who has watched his company's stock plummet this year, said Monday he would buy up to 1 million Oakley shares in the open market, boosting his stake to just over 50%. Jannard said his decision to buy shares of the maker of upscale sunglasses was "based on the fundamental strengths of the company and our long-term growth prospects. . . . I believe Oakley's stock is substantially undervalued." Oakley's stock has tumbled from a high of $27.125 to $10.625.
BUSINESS
October 8, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Oakley Inc., shaking up its corporate suite again, said Thursday that Chairman Jim Jannard will become chief executive officer, the first time he has held the position since he founded the sunglasses company in 1975. Former Gatorade executive William Schmidt, who took the reins six months ago and quickly began expanding the Foothill Ranch-based company's marketing efforts, has resigned. Jannard, 50, will be Oakley's fourth chief executive since the company went public four years ago.
BUSINESS
April 28, 1998 | PATRICE APODACA, TIMES STAFF WRITER
In an unusual move for a corporate executive, Oakley Inc. Chairman and President Jim Jannard decided to forgo any compensation in 1997, a year in which the Foothill Ranch sunglasses supplier saw its profits sag. Company spokeswoman Renee Law said Jannard decided in mid-1996 to waive all future salary and link his compensation entirely to the company's returns. As the major shareholder, "he's very much focused on the performance of the company and the performance of the stock," Law said.
BUSINESS
August 9, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
In the world of expensive sunglasses, all eyes are fixed on Jim Jannard. The modest 45-year-old is poised to emerge as one of Orange County's richest business leaders as his company, Oakley Inc., is expected to sell stock to the public for the first time this week. Jannard, founder and president of Irvine-based Oakley, plans to sell shares worth $114.5 million and will retain shares worth $439.4 million, based on an average offering price of $19 per share.
BUSINESS
June 2, 1998 | Dow Jones
Oakley Inc. Chairman and President Jim Jannard plans to purchase up to an additional 3 million of the company's common stock from time to time in the open market, the Foothill Ranch designer of sunglasses and goggles said Monday. Jannard has purchased about 4 million shares since January 1997, bringing his ownership of Oakley stock to nearly 38.6 million shares, or 54.6% of those outstanding. Oakley's stock was off 25 cents Monday to $12.81 a share in New York Stock Exchange trading.
BUSINESS
February 19, 1997
Oakley Inc.'s chairman, Jim Jannard, plans to increase his majority ownership of the company by buying as many as 1 million shares, the sunglass maker said Tuesday. Jannard completed a previously announced purchase of another million shares, increasing his stake in the company to more than 50%, the company said. In December, the stock had a sharp drop when Oakley warned that Sunglass Hut International Inc.
BUSINESS
May 5, 1999 | Dow Jones
Sunglasses maker Oakley Inc.'s president and founder has added 932,400 shares of the Foothill Ranch company's stock to his portfolio, boosting his ownership stake to 59.6%, according to documents filed recently with the Securities and Exchange Commission. Jim Jannard bought the shares April 28 for $6.94 a share. Oakley stock climbed $1.13 a share to close at $8.13 Tuesday after word of the purchase was released.
BUSINESS
April 28, 1998 | Patrice Apodaca
Oakley Inc. Chairman and President Jim Jannard decided to forgo compensation in 1997, a year in which the sunglasses supplier saw its profit sag. Company spokeswoman Renee Law said that Jannard decided in mid-1996 to waive all future salary and link his compensation entirely to the Foothill Ranch-based company's returns. Jannard is Oakley's largest stockholder with 38 million shares, or 53.8% of the total. That stake was worth $461 million as of Monday's closing price of $12.
BUSINESS
May 5, 1999 | Dow Jones
Sunglasses maker Oakley Inc.'s president and founder has added 932,400 shares of the Foothill Ranch company's stock to his portfolio, boosting his ownership stake to 59.6%, according to documents filed recently with the Securities and Exchange Commission. Jim Jannard bought the shares April 28 for $6.94 a share. Oakley stock climbed $1.13 a share to close at $8.13 Tuesday after word of the purchase was released.
BUSINESS
June 2, 1998 | Dow Jones
Oakley Inc. Chairman and President Jim Jannard plans to purchase up to an additional 3 million of the company's common stock from time to time in the open market, the Foothill Ranch designer of sunglasses and goggles said Monday. Jannard has purchased about 4 million shares since January 1997, bringing his ownership of Oakley stock to nearly 38.6 million shares, or 54.6% of those outstanding. Oakley's stock was off 25 cents Monday to $12.81 a share in New York Stock Exchange trading.
BUSINESS
April 28, 1998 | PATRICE APODACA, TIMES STAFF WRITER
In an unusual move for a corporate executive, Oakley Inc. Chairman and President Jim Jannard decided to forgo any compensation in 1997, a year in which the Foothill Ranch sunglasses supplier saw its profits sag. Company spokeswoman Renee Law said Jannard decided in mid-1996 to waive all future salary and link his compensation entirely to the company's returns. As the major shareholder, "he's very much focused on the performance of the company and the performance of the stock," Law said.
BUSINESS
April 28, 1998 | Patrice Apodaca
Oakley Inc. Chairman and President Jim Jannard decided to forgo compensation in 1997, a year in which the sunglasses supplier saw its profit sag. Company spokeswoman Renee Law said that Jannard decided in mid-1996 to waive all future salary and link his compensation entirely to the Foothill Ranch-based company's returns. Jannard is Oakley's largest stockholder with 38 million shares, or 53.8% of the total. That stake was worth $461 million as of Monday's closing price of $12.
BUSINESS
February 10, 1998 | Russ Stanton
Where would Oakley Inc.'s stock be trading if founder and chairman Jim Jannard hadn't gobbled up 3 million shares over the last year? "When you have someone who is an aggressive buyer, that definitely doesn't hurt the stock price," said Marcia Aaron, who follows the Foothill Ranch sunglasses maker for BT Alex. Brown.
BUSINESS
December 19, 1997 | Russ Stanton
For the fourth time this year, Oakley Inc. Chairman Jim Jannard plans to buy up to 1 million shares of stock in the sunglasses maker. Jannard said Thursday that despite a lackluster year for the sunglasses industry, he continues to believe that Oakley shares "represent an opportunistic investment at current market prices." Jannard said he would buy the shares from time to time in the open market. Oakley shares advanced 13 cents Thursday to $9.50.
BUSINESS
February 19, 1997
Oakley Inc.'s chairman, Jim Jannard, plans to increase his majority ownership of the company by buying as many as 1 million shares, the sunglass maker said Tuesday. Jannard completed a previously announced purchase of another million shares, increasing his stake in the company to more than 50%, the company said. In December, the stock had a sharp drop when Oakley warned that Sunglass Hut International Inc.
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