- 6 -
directors comprised of Eugene U. Frey and “MF” (we assume, Mary
Frey).
(2) O’Leary, Byrne, Bertelsen Investment Division. The
stated purposes of this division (Investment Division II) include
maintaining the “investment account/portfolio” of the O’Leary’s,
Byrne’s, and Bertelsen’s interests in any “dividend” paid by
Waldorf II. Decision making for Investment Division II is by a
subcommittee of the HEI board of directors composed of Richard E.
O’Leary, John E. Byrne, and Anita M. Bertelsen.
(3) Trident Service Division. The stated purpose of the
Trident Service Division is to provide various services to
Waldorf II and other entities.
(4) Trident Associates Venture Management Division. The
stated purpose of this division is to conduct venture management
activities on its own behalf and on behalf of certain others.
Waldorf II
Waldorf Corp. (Waldorf II), a Delaware corporation, is the
subsidiary corporation contemplated in the restructuring plan.
On October 1, 1987, Waldorf II received substantially all of the
assets of, and assumed substantially all of the liabilities
relating to, the Waldorf business. During the taxable years in
issue, HEI owned all of the outstanding voting shares of
Waldorf II, and Waldorf II was a member of the affiliated group.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: May 25, 2011