Da-Lite Screen Co history

Da-Lite has been manufacturing and distributing projection screens since 1909.

Da-Lite expanded rapidly in the 1950’s and emerged as the preeminent manufacturer of projection screens in the world by developing the largest network of photographic distributors and dealers in the industry.

In 1987, Tele-Communications, Inc. purchased Heritage and sought to divest the non-cable television portion of the business including Da-Lite and its consolidated companies.

Lundin went on to be President of two other companies before accepting his position with Da-Lite in 1989.

In 1995, the Company purchased the Advance Products Company, Inc., an audio visual cart, monitor mount and projector table company.

The Company made an election to be treated as an S corporation for United States federal and state income tax purposes, commencing January 1, 1998, and an election to treat its eligible subsidiaries as qualified subchapter S subsidiaries for United States federal and state income tax purposes.

In 2001, the Company made its most recent acquisition by purchasing Procolor, a French projection screen manufacturer which further expanded Da-Lite’s European presence.

Hoak has served as Chairman of Hoak Media, LLC (a television broadcaster) since its formation in August 2003.

123, Accounting for Stock-Based Compensation (SFAS 123). In December 2004, SFAS No.

The Company implemented SFAS 123R on December 31, 2005 using the prospective method of adoption.

On May 19, 2006, Draper, Inc. (“Draper”), a competitor of the Company, filed an action entitled Draper, Inc. v.

Interest on outstanding borrowings related to this line of credit is calculated at the Fortis Basic Rate plus 1.50%, the sum of which was 6.75% on December 28, 2007.