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through its subsidiaries, in various businesses, including
agriculture, petroleum, and the wholesale and retail distribution
of textbooks and supplies.
As of December 9, 1988, the following entities owned
Lincoln's class A common voting stock:
Shareholder Ownership Percentage
George A. Lincoln Revocable Trust 2.9525%
Olivia G. Lincoln Revocable Trust 48.3327
Georgia L. Johnson Revocable Trust 12.1584
Edward M. Lincoln Revocable Trust 12.1584
Margaret L. Donlan Revocable Trust 12.1584
Ann L. Hunter Revocable Trust 12.2396
Total 100.0000
During calendar year 1988, the following individuals served
on Lincoln's board of directors:
George A. Lincoln, chairman
Olivia G. Lincoln
Robert A. Page
Georgia L. Johnson
Edward M. Lincoln
Margaret L. Donlan
Ann L. Hunter
Serving also as Lincoln's officers during that year were George
A. Lincoln as president, Olivia G. Lincoln as vice president, and
Bill C. Macy as executive vice president and treasurer.3
3The relationships among Lincoln Industries, Inc. (Lincoln),
and its shareholder—family trusts and their beneficiaries are
shown by the following: George A. Lincoln, president of Lincoln
in calendar year 1988, and his wife, Olivia G. Lincoln, vice
president, each have trusts bearing their names, of which family
members, within the meaning of sec. 318(a)(1)(A), are the bene-
ficiaries. There are also trusts in the names of their four
children, whose surnames are Johnson, Lincoln, Donlan, and
Hunter.
(continued...)
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