Business Information

1
Business Information

• Public vs. Private Companies
• SICs vs. NAICS
• Colette Holmes, holmec_at_rpi.edu

2
Public Companies

• Example Hershey Company.
• Ticker symbol (hsy).
• Sells stock.
• Traded on stock exchange(s).
• Must report to the SEC.
• SEC filings are public record.
• SEC (Securities and Exchange Commission)

3
Private Companies

• Example L.L. Bean
• Privately owned.
• Doesnt sell stock to public.
• Doesnt have to file with the SEC.
• Difficult to research.

4
SIC NAICS - What Are They?

• Numeric hierarchical classification systems.
• Classify companies and industries.
• Hershey Co. as an example
• SIC 2006
• NAICS 311320

5
Why Two Code Systems?

• SIC (Standard Industrial Classification)
• First used 1930s.
• Uses four digit code.
• NAICS (North American Classification Code
  System)
• Introduced late 1990s to address new and
  expanding industries.
• Uses six digit codes.

6
Who Uses SICs and NAICS?

• Public companies filing with SEC.
• US Economic Census.
• Other government agencies.
• Commercial database vendors may modify codes for
  use in their databases.

7
Primary Secondary Lines of BusinessSIC and
NAICS Codes

• Hersheys primary line of business
• 2066 (Chocolate and Cocoa Products)
• Secondary lines of business include
• 2064 (Candy Other Confectionary)
• 2087 (Flavoring Extracts)
• Source for SIC Codes Gales

8
No Consistency across SourcesSome Hershey SIC
Code Assignments

• Database SIC Code
• Gale 2066
• Hoovers 2064
• SEC Edgar 2060

9
Web Pages to Bookmark

• Ask Dr. NAICS
• NAICS (U.S. Census Bureau)
• SIC (U.S. Dept. of Labor)

10
The End

• For more information on this topic, contact
• Colette Holmes
• Management Librarian
• holmec_at_rpi.edu