Symantec 1997 Annual Report Download - page 31

Symantec believes that it must provide personnel with a
competitive compensation package, which necessitates the
continued availability of stock options and requires ongoing
shareholder approval of such option programs.
Item 8: Financial Statements and
Supplementary Data
Annual Financial Statements
See Part IV, Item 14 of this Form 10-K.
Selected Quarterly Data
During fiscal 1996, Symantec acquired Delrina in a transac-
tion accounted for as a pooling of interest. All financial
information has been restated to reflect the combined
operations of Symantec and Delrina.
(In thousands, except net income (loss) per share; unaudited)
Fiscal 1997
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1997 1996 1996 1996
Net revenues $129,706 $ 124,081 $ 109,178 $ 109,218
Gross margin 100,352 102,105 88,448 87,734
Acquisition,
restructuring and
other expenses*——7,290 1,295
Net income (loss)** 8,269 13,852 882 3,035
Net income (loss)
per share
primary $0.15 $ 0.25 $ 0.02 $ 0.06
fully diluted $0.15 $ 0.25 $ 0.02 $ 0.06
Fiscal 1996
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1996 1995 1995 1995
Net revenues $ 115,960 $ 111,097 $ 108,510 $ 109,865
Gross margin 95,363 80,027 73,420 87,647
Acquisition,
restructuring and
other expenses*2,000 25,688 — (71)
Net income (loss)** 7,943 (36,806) (17,786) 6,866
Net income (loss)
per share
primary $ 0.15 $ (0.69) $ (0.34) $ 0.13
fully diluted $ 0.15 $ (0.69) $ (0.34) $ 0.12
* See Note 10 of Notes to Consolidated Financial Statements.
** Quarterly operating results for the period ended March 31, 1997, includes revenue and
charges related to the sale of Symantec’s networking business unit (see Note 9 of Notes to
Consolidated Financial Statements).
Item 9: Changes in and Disagreements
with Accountants on Accounting and
Financial Disclosure
None.
Item 10: Directors and Executive Officers
of the Registrant
Information required by this Item with respect to Directors
may be found in the section captioned “Election of Symantec
Directors” appearing in the definitive Proxy Statement to be
delivered to stockholders in connection with the Annual
Meeting of Stockholders to be held on September 18, 1997
(the “Proxy Statement”). Such information is incorporated
herein by reference. Information required by this Item with
respect to compliance with Section 16(a) of the Securities
Exchange Act of 1934, as amended, may be found in the
section captioned “Section 16(a) Beneficial Ownership
Reporting Compliance” appearing in the Proxy Statement.
E x e cutive Officers of the Registrant
The executive officers of the Company are as follows:
Name Age Position
Gordon E. Eubanks, Jr. 50 President and Chief Executive Officer
Howard A. Bain III 51 Vice President, Worldwide Operations
and Chief Financial Officer
Mark W. Bailey 38 Senior Vice President, Business
Development/Emerging Businesses
Enrique T. Salem 31 Vice President, Security and Assistance
Business Unit and Chief Technical Officer
Dieter Giesbrecht 53 Vice President, EMEA
Dana E. Siebert 37 Vice President, Americas
Christopher Calisi 37 Vice President, Remote Professional Tools
Derek Witte 40 Vice President, General Counsel and
Secretary
Executive officers are chosen by and serve at the discretion
of the Board of Directors. There is no family relationship
between any director or executive officer of Symantec and
any other director or executive officer of Symantec.
Gordon E. Eubanks, Jr. is the President and Chief
Executive Officer of Symantec. He has served as a director of
Symantec since November 1983 and as the President and
Chief Executive Officer of Symantec since October 1986. Mr.
Eubanks also served as Symantec’s Chairman of the Board
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SYMANTEC CORPORATION
PartIII