An excellent post on Yahoo board about Mr. Pascoe and NN.....
kameq..on Pascoe
by: wtgondsl
15098 of 15106
I don't know why he left NN, but I looked at their Annual Report for last year, and
saw what he gave up to come to PAIR. He definitely sees promise in this company.
Probably the opportunity for being a CEO brough him over.
At NN he was an Exec. VP and Gen. Mgr. of their Americas Operations. The
CEO was the founder of the company (Mathews) who owns 23%, and probably
wasn't going to step down for Pascoe any time soon. Also, also last year they
brought in Alan Lutz from Compaq to be the COO. Looks to me like upward
advancement was restricted and PAIRGAIN is a great company.
Salary $247,038
Other compensation $18,782 (lease on automobile)
Misc. Other $6,733 employer match on 401(k) contribution
Also granted Options for 52,500 shares.
15,000 exercisable at $55.92 expiring on 6/13/2002
37,500 exercisable at $33.82 expiring on 3/06/2003
As of 4/30/98, he had exercised 20,000 options for $1,315,000
NN has a plan in place where options are exercisable at 25% each year. As of this
report, he had 46,667 exercisable. He gave up 79,833 unexercisable worth about
$559,183 (as of report date).
All of this is verifiable from Edgars. This man should work some magic for PAIR.
We will see a growth phase again, but be patient and let this man do his work.
Go PAIR!
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