INDUSTRIALS
FOSTER AND KLEISER COMPANY
GENERAL OFFICE: 1675 Eddy St. San Francisco, Calif.
BRANCH OFFICES: Portland, Medford, Ore.; Seattle and Tacoma, Wash: Los
Angeles, Oakland, San Diego, Long Beach, Sacramento and Fresno, Calif.; New
York City.
HISTORY: Incorporated under laws of Nevada, Feb. 8, 1916, to succeed Foster
& Kleiser, Inc., established in Seattle Jan. 1, 1902, and Foster & Kleiser Co. of
California, established March 18, 1915.
BUSINESS: Engaged in the outdoor advertising business.
PROPERTY: Owns and operates modern outdoor advertising plants and facili-
ties in more than 600 cities and towns in the states of Oregon, Washington, Cali-
fornia and Arizona.
OFFICERS: Geo. W. Kleiser, Pres.; W. F. Foster, Vice Pres.;
Sec. and Gen. Mgr.; Albert Mortenson, Treas.
DIRECTORS: G. W. Kleiser, W. F. Foster, A. F. Lausen, J.
GENERAL AUDITORS: McLaren, Goode & Co.
Fiscal Year Ends: March 31. Annual Meeting: 1st Mon. iu
Number of Employees: 1,060.
CAPITALIZATION, As of March 31, 1930
Par Value Authorized Outstanding
Pref. 7% Cum. S 100 $2,000,000 $1,429,600
Common Stock ... $10 $8,000,000 $6,085,750
On Dec. 31, 1929, 1,000 sreres cf Preferred stock were redeemed and on Mar.
30. 1930, company held for redemption $170,400.
l. PREFERRED 7% CUMULATIVE STOCK
Provisions: No bonds, debentures or
unsecured notes maturing more than
siX months may be issued, nor any
prior or equal Preferred stock be au-
thorized, nor may any additional mort-
gage indebtedness, except purchase
price mortgages, be placed on property
without the written consent of holders
of at least 75% of Preferred stock out-
standing. Preferred stock has prefer-
ence to assets as well as dividends and
company must maintain net tangible
assets of not less than 225% and net
current assets of not less than 150%
of the par value of the Preferred stock
putstanding.
chase of Preferred stock in the open
market, or to its redemption by lot;
after 1925 the company will devote the
entire 5% to the purchase or call of
Preferred stock.
Voting Power: No vote except in the
vent of default in the payment of a
quarterly dividend or in default of any
other provision, when it assumes equal
voting power with the Common.
Dividends: 79% per annum paid quar-
‘erly, Jan., Apr.,, July and Oct. 1 since
issued. .
Transfer Agent: Wells, Fargo Bank
& Union Trust Co. San Francisco.
Registrar: American Trust Co. San
Francisco.
Public Offering by: L. B. Manning
& Co., Seattle; G. E. Miller & Co., Port-
land; A. E. Lewis & Co. Los Angeles,
and Shingle, Brown & Co., San Fran-
cisco, Feb. 1920, at 100.
Traded on: San Francisco Curb Ex-
change.
drive Pom 230 1929 1928
“gh 89 100 105
LOW ..... ee TTY 751% 96
* To
Callable: At 110 and accrued divi-
dends on any dividend date. Entire is-
sue must be redeemed on or before Feb.
1. 1940
Sinking Fund: As a sinking fund,
company agrees to expend for better-
ments and extensions each year be-
tween 1920 and 1925, a sum equal to 5%
of the total amount of Preferred stock
theretofore at any time outstanding,
or devote the difference between the
sum 80 expended and 59, to the pure
>» COMMON STOCK
Nov. 15, since Aug. 15, 1925.
Ex-Dividend Date: Feb, May, Aug.
and Nov. 1.
Transfer Agent: Foster & Kleiser
Co., San Francisco.
Registrar: Wells, Fargo Bank and
Union Trust Co. San Francisco.
Listed on: San Francisco and Los
Angeles Stock Exchanges, and traded
>n New York Curb.
Price Range:
*1930 1929 1928 1927 1926
High ........ 7% 131% 19 14 131%
DOW aan 7 i 113% 13% 11
To Mav 21
Details: Prior to Oct. 31, 1923, the
authorized Common stock consisted of
40,000 shares, par value $100, or $4,000.-
000, of which $3,164,500 was issued and
outstanding. On the above date the
par value was reduced to $10 per share
and a 509% stock dividend was declared
with the result that the stockholders
received 15 shares (Par Value $10.00)
for each share ($100.00 Par Value)
held. At the same time authorized
Dommon stock was increased to $8.-
Dividends: $1 per share per annum
paid quarterlv. Feb., Mav, Aug. and
