Les B. Martin and Millie A. Martin - Page 3

          1990 tax returns (Form 1040X) to respondent's counsel on August 26,         
          1995, which was approximately 10 days prior to trial.                       
               In January 1987, Mr. Martin accepted employment with Woodhead          
          Industries, Inc. (Woodhead), as president of Aero-Motive Co. (Aero-         
          Motive), a subsidiary of Woodhead.  As such, Mr. Martin was                 
          responsible for overseeing a 250-person, $25 million manufacturing          
          plant in Kalamazoo, Michigan.  He was hired to "do a turnaround and         
          save the company."  Prior to accepting employment with Woodhead,            
          Mr. Martin worked for Allen Bradley Co. in Cleveland, Ohio.                 
               Mr. Martin was relieved of his duties as president of Aero-            
          Motive on September 20, 1989; he remained in Woodhead's employ, as          
          a consultant, until June 8, 1990.  As part of Mr. Martin's                  
          severance package, Woodhead agreed to continue paying Mr. Martin            
          from June 8, 1990, until September 7, 1990, in the event he found           
          no other employment during that period of time.                             
          Moving Expenses                                                             
               In January 1987, Mr. Martin moved from Cleveland to Kalamazoo,         
          living in an apartment made available to him by Woodhead (the               
          company apartment).  Mrs. Martin joined her husband in Kalamazoo            
          following the sale of their house in Cleveland in April or May of           
          1987.  Because Mrs. Martin brought the family pets (a dog and a             
          cat) with her to Kalamazoo, petitioners were required to move from          
          the company apartment to another apartment.  The furniture and              
          personal belongings of the Martins were shipped from Cleveland to           
          Kalamazoo at the time Mrs. Martin joined her husband; most of the           

Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011