- 4 -
well known and respected in the motorcycle parts business, and
his ideas, efforts, and management skills contributed
significantly to the growth and success of petitioner.
From 1976 until 1991, Panzica served as petitioner's vice
president of operations. In 1991, Panzica succeeded Cruze as
chief executive officer of petitioner.
From approximately 1975 until the mid-1990's, Mario
Battistella managed warehouse operations for petitioner.
From 1985 until August of 1989, Dennis B. Navarra was vice
president of finance for petitioner. In 1989, Navarra became
chief financial officer and assistant secretary for petitioner.
During the 1980's, Panzica, Battistella, and Navarra were
underpaid by petitioner for their significant services as
employees of petitioner.
In 1988, Cruze began considering selling his stock in
petitioner.
In late 1988 or early 1989, the Jordan Company (JC
Investors), a New York City investment firm, approached Cruze
regarding the potential purchase of his stock in petitioner.
JC Investors was in the business of purchasing private companies
and taking the companies public. In 1989, JC Investors owned
substantial interests in over 25 private companies in various
industries with aggregate annual sales of $1.5 billion.
Generally, after acquiring controlling interests in companies,
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