The Electra Day sailer was first built by Pearson Yachts in 1962.
Bill Shaw joined Pearson Yachts in 1964 as Chief Architect.
Within a year the newly founded Pearson Yachts employed hundreds of people.
Mr. Pearson founded Pearson Yachts with a cousin in 1957 but later sold the company.
These boats were built by Pearson Yachts from 1963-1967.
Pearson Yachts was a leading manufacturer of fiberglass sailboats from the late 1950s till the late 1980s.
Pearson Yachts introduced a number of new models most of which were also designed by Carl Alberg.
By the end of the year the newly founded Pearson Yachts had over one hundred employees and was turning out nearly one boat per day.
Pearson Yachts attempted to get approval for an additional stock offering, to raise much need capital, but were unsuccessful.
Pearson Yachts received a much needed capital infusion, that brought financial stability to the company.