Mr. Mamdouh Ashour This is Me

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1. 1. www.davidconcannon.com

   www.davidconcannon.com/recentc - [Cached]

   Published on: 6/19/2007   Last Visited: 6/19/2007

   On August 27, 2003, Johnson announced in a press release that its President of Worldwide Diving, Mamdouh Ashour, has "resigned" from the company.
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   Actually, according to a lawsuit filed by Johnson on the same day, Ashour was fired for stealing.
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   Ashour had been with the company for nearly 30 years, and he was directly responsible for overseeing Scubapro and Uwatec. In a lawsuit filed in Wisconsin, Johnson alleges that Ashour stole company funds and breached his fiduciary duties by trying to damage the reputation of Johnson's diving division to lower its value so Ashour could buy it at less than its market value.
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   Ashour is reportedly living in France. The lawsuit against him has been settled.
   
   After Johnson announced that it was conducting a global executive search to find a replacement for Ashour.

2. 2. www.sec.gov

   www.sec.gov/Archives/edgar/dat - [Cached]

   Published on: 1/21/2003   Last Visited: 1/22/2003

   Mamdouh Ashour
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   Mamdouh Ashour
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   Mr. O'Brien resigned as President and Chief Operating Officer in January 2003. (3) Mr. Lehmann has been Vice President and Chief Financial Officer since May 2001. (4) Mr. Ashour has been a Group Vice President of JOHNSON OUTDOORS INC since October 1997 and President - Worldwide Diving since August 1996. (5) The amounts in the table for the year ended September 27, 2002 consist of amounts accrued under the bonus program. (6) The amounts in the table consist of reimbursements for the payment of U.S. taxes by Mr. Ashour.
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   d to Mr. Ashour for expatriate cost of living and income tax allowances. Stock-Based Compensation The following table provides details regarding stock options granted to the Named Executive Officers in fiscal 2002 under the Johnson Outdoors Inc. 1994 Long-Term Stock Incentive Plan and the Johnson Outdoors Inc. 2000 Long-Term Stock Incentive Plan. In addition, this table shows hypothetical gains that would exist for the respective options granted to the Named Executive Officers. These gains are based on assumed rates of annual compound stock price appreciation of 5% and 10% from the date the options were granted over the full option term. OPTION GRANTS IN FISCAL 2002 Potential Realizable Values Number of at Assumed Annual Rates
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   Mamdouh Ashour
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   Mamdouh Ashour

3. 3. content

   www.davidconcannon.com/Frame-3 - [Cached]

   Published on: 8/23/2003   Last Visited: 9/27/2006

   The company also fired its head of of worldwide diving, Mamdouh Ashour, and then sued the executive for breach of fiduciary duty.