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Monday, November 23, 2009, 4:58PM ET - U.S. Markets Closed. Dow Up 1.29% Nasdaq Up 1.40%
Steinway Musical Instruments Inc. (LVB)At 4:03PM ET: 14.95  Up 0.12 (0.81%)  
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Steinway Musical Instruments Inc.
800 South Street
Suite 305
Waltham, MA 02453
United States - Map
Phone: 781-894-9770
Fax: 781-894-9803
Web Site: http://www.steinwaymusical.com

DETAILS 
Index Membership:N/A
Sector:Consumer Goods
Industry:Recreational Goods, Other
Full Time Employees:2,007

BUSINESS SUMMARY 
Steinway Musical Instruments, Inc., through its subsidiaries, engages in the design, manufacture, marketing, and distribution of musical instruments. It operates in two segments, Pianos, and Band & Orchestral Instruments. The Piano segment offers grand pianos and upright pianos under Steinway & Sons, Boston, and Essex brand names. It offers baby grand pianos, concert grand pianos, ebony pianos, pianos with special veneers, and art case pianos. This segment also provides repair, replacement part sales, tuning and regulation of pianos, and restoration services. In addition, it operates as an online retailer of classical music recordings. It sells its products to professional artists and amateur pianists, as well as institutions, such as concert halls, universities, music schools, houses of worship, hotels, and retirement homes in the United States, Europe, Japan, China, and other Asian countries. The Band & Orchestral Instruments segment produces a line of brass, woodwind, percussion, and string instruments. It offers piccolos, flutes, clarinets, oboes, bassoons, trumpets, French horns, tubas, and trombones; acoustical and tuned percussion instruments, including outfit drums, marching drums, concert drums, marimbas, xylophones, vibraphones, orchestra bells, and chimes; violins, violas, cellos, and basses; and mouthpieces and accessories, such as music stands, batons, mallets, straps, mutes, reeds, pads, chin rests, strings, bows, cases, and instrument care products. It sells its products to students, amateur and professional musicians, and institutions in the United States, Europe, Japan, and Canada. It sells its products through independent dealers, distributors, retail showrooms, district sales managers, and telemarketing representatives. The company, formerly known as Selmer Industries, Inc., was founded in 1993 and is based in Waltham, Massachusetts.
Key Statistics

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    CORPORATE GOVERNANCE 
    Steinway Musical Instruments Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 6% of Russell 3000 companies and 15.5% of Consumer Durables & Apparel companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Dana D Messina , 45
    Chief Exec. Officer
    $ 500.00K $ 0
    Mr. Dennis M. Hanson , 54
    Chief Financial Officer, Principal Accounting Officer, Sr. Exec. VP, Gen. Counsel and Assistant Sec.
    $ 390.00K $ 0
    Mr. Thomas Kurrer , 60
    Pres of Steinway & Sons Worldwide
    $ 710.00K $ 0
    Mr. John Stoner Jr., 56
    Director and Pres of Conn-Selmer Inc
    $ 385.00K $ 0
    Mr. Ronald Losby , 54
    Pres of Steinway & Sons-Americas
    $ 520.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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