April 28, 1998 |
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.
August 9, 1995 |
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.
June 2, 1998 |
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.
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.
May 5, 1999 |
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.
February 10, 1998 |
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.