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Ownership Percentages
Shareholder Class A Shares Class B Shares A B Total
Decedent's Estate 46,020 -- 21.51 -- 19.86
A. Max Weitzenhoffer, Jr. 40,080 -- 18.73 -- 17.30
Elizabeth Weitzenhoffer Blass 35,500 -- 16.59 -- 15.32
Clara Weitzenhoffer,
trustee of the Clara
Weitzenhoffer trust 31,800 -- 14.86 -- 13.72
John Gunzler 9,600 16,400 .49 92.13 11.22
Jerome K. Altshuler, either
individually or as executor 12,960 -- 6.06 -- 5.59
Edmund M. Hoffman 10,000 -- 4.67 -- 4.32
Decedent and Diane K. Fantl,
trustees under will of
Julia Kaufman 7,320 -- 3.42 -- 3.16
Jacquelyne Weitzenhoffer Branch 6,960 -- 3.25 -- 3.00
Diane K. Fantl 5,740 -- 2.68 -- 2.48
Frederick W. Reeves 2,000 1,400 .94 7.87 1.47
Rose M. High 2,600 -- 1.22 -- 1.12
James D. High 2,000 -- .94 -- .86
Decedent, trustee of the
Josephine Kaufman trust 960 -- .45 -- .41
William J. Threadgill 400 -- .19 -- .17
213,940 17,800 100.00 100.00 100.00
Most of these shareholders were related by blood or by marriage
to the Weitzenhoffer family. The only shareholders who were not
so related are Messrs. Reeves, Threadgill, and High, and Ms.
High. Mr. Reeves has been associated with Seminole and its
wholly owned subsidiary, Kazoo, Inc. (Kazoo), for more than 20
years, serving as Kazoo's president, Seminole's vice president,
and a member of both boards. Mr. Threadgill is Seminole's
secretary, a member of its board, and its longtime legal
counsel.3 Mr. High is an employee of Seminole. Ms. High is Mr.
High's wife. The 11 shareholders who were related to the
Weitzenhoffer family are identified in bold print in the
appendix, where we set forth each shareholder's relationship to
the Weitzenhoffer family.
3 In addition to Messrs. Reeves and Threadgill, Seminole's
directors on the applicable valuation date were A. Max
Weitzenhoffer, Elizabeth Weitzenhoffer Blass, and John Gunzler.
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Last modified: May 25, 2011