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Hurco Companies, Inc. (HURC)

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Hurco Companies, Inc.

One Technology Way
Indianapolis, IN 46268
United States
317-293-5309
http://www.hurco.com

SectorTechnology
IndustryScientific & Technical Instruments
Full Time Employees758

Key Executives

NameTitlePayExercisedAge
Mr. Michael DoarChairman and Chief Exec. Officer974.42kN/A61
Mr. Gregory S. VolovicPres797.33kN/A52
Mr. Thomas A. AaroManaging Partner and Director35kN/A59
Ms. Sonja K. McClellandChief Financial Officer, VP, Sec. and Treasurer528.16kN/A45
Amounts are as of December 31, 2016 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. Currency in USD.

Description

Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) knee mills, tool room bed mills, vertical machining centers, combination lathes, slant-bed lathes, horizontal machining centers, and bridge mills; and double column machining centers, high speed bridge machines, and other machine tools. In addition, the company offers Autobend, a computer control system for metal bending press brake machines; software option products for part programming; and LCM machine tool components and accessories, including CNC rotary and tilt tables, and swivel heads and electro-spindles. Further, it provides installation, warranty, operator training, and customer support services; and sells software options, computer control upgrades, accessories, and replacement parts for its products. The company serves precision tool, die, and mold manufacturers; independent job shops; and specialized short-run production applications, as well as original equipment manufacturers of new metal fabrication machine tools. It sells its products through independent agents and distributors; and direct sales and service organizations under the Hurco, Milltronics, and Takumi brand names. Hurco Companies, Inc. was founded in 1968 and is headquartered in Indianapolis, Indiana.

Corporate Governance

Hurco Companies, Inc.’s ISS Governance QualityScore as of August 1, 2017 is 2. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.