Harman International Industries Inc.
1101 Pennsylvania Ave. NW
Washington, D.C. 20004
www.harman.com Year founded: 1980 Industry: Manufacturing Revenue: $2.23 Billion Net Income/Loss: $105.43 Million Earnings per share: $3.10 Dividend: $0.10 Stockholder equity: $655.79 Million Auditor: KPMG LLP Stock: HAR Assets: $1.70 Billion Market capitalization: $5.41 Billion 52-week high: 85.02 4/13/2004 52-week low: 30.86 4/14/2003 Executive chairman: Sidney Harman Vice chairman and CEO: Bernard A. Girod Employees: 10776 Local employees: 15 Description: Still led by 85-year-old founder Sidney Harman, the company makes high-end audio equipment under the brand names Harman Kardon, JBL, Infinity, Revel and Mark Levinson as well as electronic "infotainment" systems for automobiles. Developments: Last year marked a half-century since Harman and engineer Bernard Kardon founded Harman/Kardon to produce high-fidelity home audio equipment. Now a global conglomerate, the company hit 50 in better shape than ever. Harman stock soared in 2003, starting the year just under $30 a share and finishing over $70. The stock split two-for-one in November. Driving that climb was Harman's presence in the automotive market, where its electronic control systems, which let drivers do everything from playing music to making hands-free phone calls to regulating temperature, did big business with BMW, Mercedes and other luxury brands. Harman also made rear-seat DVD players for Lexus, and its systems will start showing up in General Motors' Buick line in 2005. Last year Harman fortified its digital automotive business by buying the Canadian company Wavemakers, which makes processors and software for voice recognition inside cars. In the home-acoustics market, the company introduced JBL Invader, an 80-watt multichannel speaker system to provide high-performance sound for computers. Executive Compensation
Executive Chairman: Sidney Harman
Total Cash: $2,450,000.00
Total Compensation: $4,911,410.00 CEO and Vice Chairman: Bernard A. Girod
Total Cash: $2,300,000.00
Total Compensation: $4,591,870.00 President and COO: Gregory P. Stapleton
Total Cash: $2,000,000.00
Total Compensation: $4,291,870.00 CFO: Frank Meredith
Total Cash: $1,600,000.00
Total Compensation: $3,891,870.00 Chief Technology Officer: Erich A. Geiger
Total Cash: $2,338,873.00
Total Compensation: $3,647,337.00
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