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Shareholder Ownership Percentage
Eugene Schuster 49.45
Monis Schuster 9.99
Adam Schuster 9.99
Joseph Schuster 9.99
Sarah Schuster 9.99
Jayson Pankin 9.99
Ann Schuster .50
London Arts .10
Total 100.00
All the Schusters are related, and London Arts is a corporation
whose stock is owned by Eugene Schuster.
On March 27, 1987, Endotronics, Inc. (Endotronics), filed a
petition for reorganization in the U.S. Bankruptcy Court for the
District of Minnesota. On April 4, 1988, the court confirmed an
amended plan of reorganization under which petitioner gained a
controlling interest in Endotronics. Later that day, petitioner
transferred Endotronics stock to 12 of its employees as
compensation for services. The following chart lists the
employees who received Endotronics stock and the fair market
value of the stock that they each received:
Employee Fair Market Value
Eugene Schuster $390,625.00
Monis Schuster 156,250.00
Mary Parkhill 58,593.75
Bert Williams 78,125.00
David Dawson 78,125.00
Ira Snider 66,953.13
Christopher Dean 11,718.75
Jayson Pankin 156,250.00
Werner Wahl 7,812.50
W. Kent Clarke 7,812.50
Carolyn Mazurkiewicz 7,812.50
Mary Lore 58,593.75
Total 1,078,671.88
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Last modified: May 25, 2011