Rock ‘N’ Roll: Not just a sound, but a way of life.

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FENDER MUSICAL INSTRUMENT CORPORATION

Benefits

MEDICAL PLAN

All full-time employees are eligible for medical and prescription drug coverage for themselves and their eligible dependents. FMIC offers multiple medical plan options depending on your location.

DENTAL PLAN

All full-time employees are eligible for dental coverage for themselves and their eligible dependents. FMIC offers multiple dental plan options depending on your location.

VISION PLAN

A vision insurance program is available for employees and their eligible dependents. The vision plan offers discounts on eye exams and hardware, including glasses and contacts.

FLEXIBLE SPENDING ACCOUNTS

Employees are eligible to participate in tax-saving health and dependent-care flexible spending account benefits.

LIFE INSURANCE

Provides important financial security that protects your family against a financial burden in the event of death.

Accidental Death and Dismemberment Insurance

Benefits are payable if you pass away, lose a limb or have a loss of speech, hearing or eyesight because of a covered accident on or off the job.

Short and Long-Term Disability

If illness or injury prevents you from working, disability benefits can provide you with a portion of your weekly earnings.

Business Travel Accident Coverage

Financial protection and worldwide travel assistance available for business travel.

LEGAL ASSISTANCE

Whether you're buying a new home, drafting a will or just in need of legal advice, our legal assistance program can help.

401K

One of the best ways to save for retirement.

EMPLOYEE ASSISTANCE

Provides confidential and professional counseling and crisis intervention services to all employees.

ADOPTION ASSISTANCE

Offered to offset adoption costs.

EQUIPMENT DISCOUNT

Eligible employees are able to purchase a limited number of products at a discounted price.

FENDER MUSICAL INSTRUMENT CORPORATION

History

Fender Musical Instruments Corporation is the world’s foremost manufacturer of guitars, basses, amplifiers and related equipment.

With an illustrious history dating back to 1946, Fender has touched and transformed music worldwide and in nearly every genre: rock ‘n’ roll, country and western, jazz, rhythm and blues and many others. Everyone from beginners and hobbyists to the world’s most acclaimed artists and performers have used Fender instruments and amps, and legendary Fender instruments such as the Telecaster® and Stratocaster® guitars and Precision® and Jazz® bass guitars are universally acclaimed as design classics.

In the 1940s, southern California inventor Leo Fender realized that he could improve on the amplified hollow-body instruments of the day by using an innovative and rather simple solid-body electric guitar design. Further, he realized that he could streamline the process of building them.

In 1951 he introduced a prototype solid-body instrument that would eventually be called the Telecaster® guitar. The Tele®, as it was often called then and still is today, was the first solid-body Spanish-style electric guitar to be commercially mass-produced.

That same year, Fender introduced a revolutionary new invention—the Precision Bass guitar. It was played like a guitar and had frets so that it could be played with “precision,” and it could be amplified, thus liberating bassists from unwieldy and increasingly difficult-to-hear acoustic basses.

These two historic instruments laid the foundation for a new kind of group and a revolution in popular music—what we know today as the modern rock combo. As opposed to the “big bands” of the era, electric Fender instruments made it possible for smaller groups of musicians to get together and be heard.

The Stratocaster first appeared in 1954, incorporating many design innovations based on feedback from professional musicians, Fender staff and Leo Fender himself. Its third single-coil pickup offered more tonal possibilities, its sleekly contoured body made it more comfortable, and its double cutaway design made access to upper registers much easier.

Most important, however, was the addition of the new Fender vibrato (or “tremolo”) bridge, an innovation originally intended to let guitarists bend strings, thus achieving the pedal steel-like sound so popular among country music artists of the day.

Nobody could have foreseen then how the Stratocaster would go on to revolutionize popular music. Essentially unchanged since its 1954 debut, it is the most popular and influential electric guitar ever, and players at all levels and in all genres continue to rely on its sound, playability and versatility to this day.

Leo Fender himself remained an immensely creative force over the next decade, introducing many classic instrument and amplifier designs, including the Jazz Bass® guitar, the Jaguar® and Jazzmaster® guitars and the Twin Reverb® amplifier.

Because of poor health, Leo Fender sold the company to CBS in 1965. Fender Musical Instruments experienced tremendous growth over the next 20 years, but a lack of commitment and real understanding of music and musicians by CBS gradually became apparent.

To “re-invent” Fender, CBS recruited new management in 1981. William Schultz became company president, supported by associate William Mendello. Their 5-year business plan was based on increasing Fender’s marketplace presence with dramatic quality improvement and greater commitment to research and development.

When CBS shed its non-broadcast media businesses in the 1980s, a group of employees and investors led by Schultz bought Fender from CBS in 1985. The sale put the Fender name back into the hands of a small group of dedicated people committed to creating the world’s best guitars and amplifiers.

The new Fender Musical Instruments Corporation (FMIC) had to start from scratch—there were no buildings or machinery included in the sale. Among other things, FMIC purchased the name, intellectual property and some leftover parts. Supported by a core group of loyal employees, dealers and suppliers (some of whom had been with the company since Leo Fender founded it), Schultz and his colleagues set out to rebuild an American icon.

The new Fender initially imported its guitars from offshore manufacturers with proven ability to produce affordable and viable instruments, but the move toward greater quality control soon led to the establishment in 1985 of Fender’s flagship U.S. factory in Corona, Calif. A second modern manufacturing facility opened in 1987 in Ensenada, Mexico.

Also in 1987, the renowned Fender Custom Shop opened at the Corona facility, creating dream instruments for professional guitarists and guitar enthusiasts. Fender had always recognized the importance of an open-door policy for professional musicians, accommodating their requests for specific features on an individual basis. The Fender Custom Shop has since become known worldwide and industry-wide as the pinnacle of craftsmanship and sheer instrumental artistry.

FMIC moved its corporate headquarters from Corona to Scottsdale, Ariz., in 1991. From there, Fender coordinates its administration, marketing, advertising, sales and export operations in the United States and its international satellite facilities in England, France, Germany, Japan, Mexico, the Netherlands, Spain and Sweden. Schultz retired in 2005, and Mendello became CEO.

Since its founding, FMIC has grown to be one of the world's leading marketers, manufacturers, and distributors of musical instruments. It manufactures and distributes everything guitarists and bassists need, from instruments, amplifiers, strings and accessories to professional audio products. Fender became one of the world leaders by defining the sounds we hear, by meeting the needs of musicians, by creating quality products and by backing them up with service and stability. As FMIC forges into the 21st century, its management strives to maintain Fender’s status through a combination of business acumen and love for music.

Corporate headquarters is located in Scottsdale, Ariz., U.S.A., with manufacturing headquarters and the Fender Custom Shop in Corona, Calif. FMIC markets using the brand names Fender®, Squier®, Charvel®, Gretsch®, Jackson®, and EVH®. For more information, contact Fender Musical Instruments Corporation, 17600 N. Perimeter Drive, Suite 100 Scottsdale, AZ 85255, 480.596.9690

FENDER MUSICAL INSTRUMENT CORPORATION

Culture

It Takes All Of Us To Win

Our vision is to champion THE SPIRIT OF ROCK-AND-ROLL® throughout the world. The Spirit is Individual Expression, Creativity, Passion, Energy and YOU!

Our culture encourages and celebrates individual expression and diversity. We appreciate the fact that there are as many possible approaches to business as there are musical styles, and so we encourage out-of-the-box thinking.

At Fender you don't have to check your unique personality at the door. We expect individual commitment and performance to exceed the standard for our industry. Only then will we meet the objectives, needs and aspirations of our company and our employees. Each employee can and must make a difference. Ultimately, Fender's people determine its character and strength.

We recognize each person's contribution to Fender's success by sharing the financial rewards that result from high performance. We recognize also that not all rewards are financial; therefore we strive for an atmosphere in which everybody feels recognized and appreciated, and can share the passion and excitement of working at Fender. No one person can do the job alone, so teamwork is essential to Fender's success.

Employees are encouraged to interact at all levels of the company, sharing ideas and suggestions to improve Fender's effectiveness and quality of life. It takes all of us to win. We support each other and share the victories and rewards together. We are passionate about what we do.

Communication

Openly sharing information lets people perform at their best, and so we will create an open workplace characterized by honest, direct and relevant communication. We are committed to communicating with our employees about all relevant aspects of our business and of the Fender family.

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Respect

We offer superior products for our consumers and business partners that fill real needs and provide lasting value. We deal fairly with customers, consumers, vendors and competitors. We are genuinely committed to finding solutions for all of our customers by providing industry-leading service and support.

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Integrity

Ethical conduct and social responsibility characterize our way of doing business. Integrity includes a willingness to do the right thing for our employees, brands, the company and society as a whole, even when personal, professional and social risks or economic pressures confront us.

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Excellence

We care about our work. We build Fender products with a level of quality, performance and value that earns the respect and loyalty of our customers.



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Innovation

We continue to build our company on innovation; providing products that are new and needed. We accept the risks inherent in following our vision and we work to develop products and business processes that allow Fender to achieve its objectives.

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Passion

We make the world a better place with legendary products that help people express their emotions, connect with music and bring joy to their daily lives. We bring passion, enthusiasm and energy to every aspect of our work.

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Leadership

Leaders at Fender are entrusted with our most valuable asset - our people. Leaders are responsible to help attract and develop employees by providing clear goals, actionable feedback and an environment where Fender values flourish.

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Fender Musical Instruments Corporation is an equal opportunity employer and considers qualified applicants for employment without regard to race, gender, age, color, religion, disability, veterans' status, sexual orientation, or any other protected factor.

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