Does this filing include PACCAR's 1994 revenue, net income, and balance sheet?

No. The text provided is the 10-K/A cover page, the exhibit index, and the 1995 proxy statement. The exhibit list says the 1994 Annual Report to Stockholders, which contains the financial statements, is filed herewith, but its content is not in this document. Investors need that annual report or the original 10-K for financial results.

Who are the largest shareholders, and does any single holder control the company?

BankAmerica Corporation (10.7%), Charles M. Pigott (6.7%), and James C. Pigott (5.7%) were the largest beneficial owners at December 31, 1994. Directors and officers as a group held 10.9%. No single holder is shown with majority control, but the Pigott family's combined holdings, including shares held in a charitable trust, were substantial.

How is executive compensation tied to performance?

Annual cash bonuses are based largely on company profit goals and partly on individual objectives. Long-term incentives are split evenly between stock options and cash awards. The cash awards depend on compound growth in net income, return on sales, and return on capital relative to Selected Companies over a three-year cycle. The CEO's bonus is based entirely on the company profit goal.

How did PACCAR's stock perform relative to benchmarks?

Over the five years from December 31, 1989 to December 31, 1994, a $100 investment in PACCAR grew to $141.32 including reinvested dividends. The same investment in the S&P 500 grew to $151.74 and in the blended S&P heavy-duty trucks and machinery index to $153.92, so PACCAR underperformed both benchmarks over this period.

What shareholder votes are scheduled, and who is the auditor?

Shareholders were asked to elect three Class III directors to terms ending in 1998 at the April 25, 1995 annual meeting in Bellevue, Washington. Ernst & Young audited the 1994 financial statements and was selected for 1995. Stockholder proposals for the 1996 meeting were due by November 21, 1995.

PCAR 10-K FY1994 Annual Report — Revenue, Net Income, EPS

01—Abstract

Summary

Summary of the 10-K/A filed May 16, 1995. Cited figures are marked; the original filing is the authoritative source.

This is Amendment No. 1 (Form 10-K/A) to PACCAR Inc's annual report for fiscal year 1994, filed to supplement the original filing.

The document provided contains the cover page, the Part IV exhibit index, and the full 1995 proxy statement (Exhibit 99). It does not include the audited financial statements, MD&A, or operating results. Those are incorporated by reference from the 1994 Annual Report to Stockholders, which the exhibit list says is filed herewith but is not reproduced in this text.

Investors seeking revenue, earnings, or balance sheet data should consult that annual report or the original 10-K. The proxy material shows a company with about 38.9 million common shares outstanding and a non-affiliate market value of roughly $1.51 billion^a as of March 1, 1995. Ownership is concentrated: BankAmerica Corporation held 10.7%, Charles M.

Pigott 6.7%^b, and James C. Pigott 5.7%, and directors and executive officers as a group held 10.9%. Shareholders are asked to elect three Class III directors at the April 25, 1995 annual meeting.

Ernst & Young is the independent auditor for 1994 and has been selected for 1995. Compensation disclosures show a pay structure split between base salary, annual bonuses tied to a company profit goal, and long-term incentives (half stock options, half cash awards based on three-year performance relative to Selected Companies). The Chief Executive Officer, C.

M. Pigott, had 1994 salary of $897,116^c. The 1994 option grants carried a $44.54 exercise price against a $53.00 market price on grant date.

The company's five-year total shareowner return index ended 1994 at 141.32 (1989 = 100), versus 151.74 for the S&P 500 and 153.92 for the blended S&P heavy-duty trucks and diversified machinery benchmark. PACCAR therefore trailed both comparison indices over this period.

02—Key points

Key Highlights

The filing is a 10-K/A amendment for fiscal year ended December 31, 1994, and does not include the financial statements, which are incorporated by reference from the 1994 Annual Report.
Approximately 38,859,281 common shares were outstanding as of March 1, 1995, with non-affiliate market value of about $1.51 billion.
Ownership is concentrated: BankAmerica Corporation held 10.7%, Charles M. Pigott 6.7%, and James C. Pigott 5.7%; directors and officers as a group held 10.9%.
Five-year shareowner return (1989 to 1994) of 141.32 trailed the S&P 500 (151.74) and the blended S&P heavy-duty trucks and machinery index (153.92).
Executive pay links cash bonuses to a company profit goal and long-term incentives to three-year performance versus a Selected Companies peer group; CEO 1994 salary was $897,116.
1994 stock options were granted at a $44.54 exercise price against a $53.00 market price on grant date, exercisable January 1, 1997.
Shareholders will vote on electing three Class III directors at the April 25, 1995 annual meeting; Ernst & Young is the independent auditor.

03—Questions

Frequently Asked Questions

Does this filing include PACCAR's 1994 revenue, net income, and balance sheet?
No. The text provided is the 10-K/A cover page, the exhibit index, and the 1995 proxy statement. The exhibit list says the 1994 Annual Report to Stockholders, which contains the financial statements, is filed herewith, but its content is not in this document. Investors need that annual report or the original 10-K for financial results.
Who are the largest shareholders, and does any single holder control the company?
BankAmerica Corporation (10.7%), Charles M. Pigott (6.7%), and James C. Pigott (5.7%) were the largest beneficial owners at December 31, 1994. Directors and officers as a group held 10.9%. No single holder is shown with majority control, but the Pigott family's combined holdings, including shares held in a charitable trust, were substantial.
How is executive compensation tied to performance?
Annual cash bonuses are based largely on company profit goals and partly on individual objectives. Long-term incentives are split evenly between stock options and cash awards. The cash awards depend on compound growth in net income, return on sales, and return on capital relative to Selected Companies over a three-year cycle. The CEO's bonus is based entirely on the company profit goal.
How did PACCAR's stock perform relative to benchmarks?
Over the five years from December 31, 1989 to December 31, 1994, a $100 investment in PACCAR grew to $141.32 including reinvested dividends. The same investment in the S&P 500 grew to $151.74 and in the blended S&P heavy-duty trucks and machinery index to $153.92, so PACCAR underperformed both benchmarks over this period.
What shareholder votes are scheduled, and who is the auditor?
Shareholders were asked to elect three Class III directors to terms ending in 1998 at the April 25, 1995 annual meeting in Bellevue, Washington. Ernst & Young audited the 1994 financial statements and was selected for 1995. Stockholder proposals for the 1996 meeting were due by November 21, 1995.

04—Continue

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