- 3 -
as haul containers, paper, department store merchandise, building
materials, appliances, plastics and rubber products, and
miscellaneous items. Dart owned no tractors of its own and used
tractors operated only by independent contractors.
The following table details some of Dart’s business
operations for 1993, 1994, and 1995:
Item
Ordinary
Year Revenues Net Income Income Employees Trailers
1993 $130,034,000 $2,858,133 $5,294,491 2201,669
1994 149,039,000 4,539,008 10,089,762 2411,669
1995 168,172,000 3,067,744 4,667,063 2452,066
Mr. Oren did not become involved in the operations of Dart
until 1953. However, Mr. Oren would become the principal force
behind Dart’s and, another company, Fleetline’s position in the
truckload carrier business. Mrs. Oren was also involved in the
trucking business, for more than 20 years, and was in charge of
Dart’s human resources. Mr. and Mrs. Oren were the only
directors of Dart in 1993, 1994, and 1995. Mr. Oren also served
as president/ treasurer, and Mrs. Oren served as executive vice
president/ secretary.
Dart had two classes of common stock, class A voting stock
(33,000 shares) and class B nonvoting stock (3,267,000 shares).
Both classes had equal distribution and liquidation rights. Mr.
Oren owned all the class A voting stock. Overall, the common
stock of Dart, including both the class A voting and class B
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