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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.
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Last modified: May 25, 2011