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Cubic founder leaves more than $6 million for USD athletics

The late founder of Cubic Corp. and his wife designated more than $6 million from their estate to the University of San Diego in support of Torero athletics, school officials announced Monday.

Walter J. Zable, who died in the summer of 2012 at the age of 97, and his wife, Betty Zable, who passed away in 2007, also designated the money to fund athletic scholarships at USD.

Zable, a member of the USD's board of trustees from 1977 to 1996, and his wife leave behind a legacy of philanthropic support to USD and Torero athletics.

“We are forever grateful to the Zables for their generous support of USD’s athletics program,” said USD President Mary Lyons. “Their generous contributions during the last four decades have allowed USD to create several endowed scholarships that will provide educational opportunities for countless outstanding Torero student athletes.”

In 2006, the school honored Walter by naming the field at Torero Stadium the “Walter J. Zable Field at Torero Stadium.”

A leading innovator, Zable founded Cubic (NYSE: CUB), a small electronics company, in 1951. Today, Cubic employs more than 8,000 people around the globe and recorded sales in 2012 of nearly $1.4 billion.

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Cubic Corp.

Company Website

9333 Balboa Ave.
San Diego, CA 92123

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
CUB
43.25
  0.24  
+ 0.56%
96,581,000
55.73
39.83

Insider Trade Data

Date Insider Shares Type Value
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951

Cubic Corp. Executive(s):

Bradley Feldmann

  • Chief Operating Officer, President

John Thomas

  • Chief Financial Officer, Executive Vice President

James Edwards

  • Senior Vice President, General Counsel

Mark Harrison

  • Senior Vice President, Corporate Controller

Related Videos

Interview with Bradley Feldmann

July 29, 2015 -- George Chamberlin and Bradley Feldmann, president and CEO of Cubic Corp., talk about the many businesses Cubic is involved in, including defense and transportation.

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Other Lists

2014