Prospector
Profile
07.1184
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| True Temper Sports, Inc. |
NAICS |
339920 |
| 8275 Tournament Drive, Suite 200
Memphis, TN 38125 |
Description |
Golf Equipment Mfg. |
| (901) 746-2000 |
Employees |
821 |
| http://www.truetemper.com/ |
Revenue |
(mil) |
108.0100 |
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Income |
(mil) |
-10.7700 |
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Assets |
(mil) |
353.7000 |
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Liability |
(mil) |
263.4200 |
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(for the year ended 2006-12-31) |
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Category:
Low Rating
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Event:
Moody's Investors Service placed True Temper Sports, Inc.'s 'Caa2'-rated $125 million senior subordinated notes due 2011 under review for possible downgrade. Moody's noted that the review was prompted by its concern over the company's ability to comply with the financial covenants governing its senior secured credit facilities given continued volatile raw material prices and rising medical costs.
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Intellectual Property:
As of December 31, 2006, the Company held 55 patents worldwide relating to various products and proprietary technologies, including the SensiCore technology, and had 4 patent applications pending. It also holds numerous trademarks related to its True Temper, Grafalloy, Royal Precision and Alpha Q branded products. [SEC Filing 10-K 03-23-07]
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Description:
The Company manufactures golf shafts and bicycle tubing, forks and seatposts.
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Officers:
Steven J. Gilbert (Co-Chair); Steven Kotler (Co-Chair); Scott C. Hennessy (Pres., CEO & Dir.); Fred H. Geyer (SVP & COO); Adrian H. McCall (SVP-Global Distribution & Sales); Stephen M. Brown (VP-HR); Raeford P. Lucas (VP-Sales); Graeme Horwood (VP-Eng., Research & Dev't.); Jason A. Jenne (VP, CFO & Treas.); Richard W. Gaenzle, Jr. (Dir.); Jeffrey W. Johnson (Dir.); William P. Lauder (Dir.)
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Auditor:
KPMG LLP
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Securities:
100 common shares outstanding as of May 15, 2007.
8-3/8% senior subordinated notes due 2011
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