- 3 - A. Corporate and Family Background Maritz Inc. provides sales motivation programs and travel services. Its corporate headquarters are in Fenton, Missouri. At all relevant times, Bill Maritz was chairman and chief executive officer of Maritz Inc. Before the stock redemptions described below, Bill Maritz and his children (collectively, the Maritz family) owned half the voting shares of Maritz Inc. The other half was owned by Bill Maritz’s sister, Jean Hobler (Jean), along with her husband, Wells Hobler, and their children, Peter, Christopher, and Leigh (collectively, the Hobler family). In 1987, Damian married Leigh. In 1990, Katherine married Peter.2 B. Katherine’s History with Maritz Inc. In 1984, before marrying Peter, Katherine began working for Maritz Inc. as an internal auditor. Highly motivated and well regarded within the company, she received consistently favorable reviews and advanced rapidly. By June 1993, she had risen to the position of Vice President, Director, Corporate Accounting of Maritz Travel Co., a subsidiary of Maritz Inc., and was receiving an annual salary of $56,700. At all relevant times while employed at Maritz Inc., Katherine was an at-will employee; i.e., she had no employment contract. 2 At no time did Katherine or Damian own any voting shares of Maritz Inc. in their individual capacities.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011