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preliminary independent appraisal of the Hobler family’s Maritz
Inc. voting shares and stated that the Hobler family was going to
“play hardball” by “asserting their rights” as voting
shareholders and electing their own nominees to the Maritz Inc.
board of directors.
Learning of these developments, Bill Maritz was vexed. In a
June 28, 1993, letter to his brother-in-law Wells Hobler, he
stated:
Based on the news of your family’s disruptive and
greedy plans which were passed on to Millard
[Backerman] by Ken [Suelthaus] * * *, I no longer think
of you and Jean and your family as friends of Maritz
Inc. or of me and my family or of Maritz management,
Maritz people or of the Maritz Board of Directors.
* * * * * * *
Since Ken Suelthaus emphasized to Millard that all
members of your family are fully in support of the
actions you are planning, please inform Kathy
[Katherine] Hobler that her employment at Maritz will
be terminated, and please tell Damian Gerard that he
will no longer be welcome to call on Maritz Inc.
In a June 29, 1993, letter to the Maritz Inc. board of
directors and members of the Maritz family, Bill Maritz stated
that he was going to respond to the “new, tough approach of the
Hoblers * * * in an even stronger manner” by terminating
Katherine’s employment and First Capitol’s vendor relationship
with Maritz Inc.
On June 30, 1993, at a special meeting of Maritz Inc. vice
presidents and corporate officers, Bill Maritz declared that the
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