8
Name Shares
Paul Brown 100
John Sawyer 200
J. Barrett Buse 45
Raymond L. Buse 45
Enquirer Enterprises, Inc. 109
David G. Gamble 33
William Hackett 80
Austin Knowlton 300
Louis Nippert 10
James Williams 33
William S. Williams 45
Total 1,000
Sawyer was president of OVS. Paul Brown was vice president,
general manager, and head coach. Mike Brown was assistant
general manager and in-house legal counsel. Sawyer had four
children, but they were not involved in running the Bengals.
3. 1967 Voting Trust Agreement
OVS had no majority shareholder when it obtained the Bengals
franchise. Because of the NFL's control person policy, the OVS
shareholders designated a shareholder to serve as the control
person.
On September 26, 1967, the OVS shareholders entered into a
voting trust agreement (1967 voting trust), which named Paul
Brown as the voting trustee and control person for a term not to
exceed 10 years, beginning October 16, 1967. The voting trustee
had the right to exercise all shareholders' rights and powers,
including the right to vote the stock and to take part in or
consent to any corporate or shareholders' action. The right to
vote included the right to vote to elect directors, and to vote
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