- 17 -
until 1995, TMI was active in the United States Auto Club (USAC)
and then moved to the Indy Racing League (IRL)13 during 1996.
Although, as TMI’s president, Mr. Menard made most of the
major business decisions, he did not run the day-to-day
operations of the company. With the exception of the latter part
of 1998,14 Larry Curry ran TMI’s daily operations. Mr. Norquist,
Menards’s corporate controller, managed TMI’s accounting
functions.
B. TMI’s Racing Activities in 1997 and 1998
1. Race Participation
During the 1997 and 1998 IRL racing seasons, TMI
participated in 8 and 11 events, respectively, including both
Indianapolis 500 (Indy 500) races. Tony Stewart and Robbie Buhl
were TMI’s principal drivers for those two seasons. Although TMI
never won the Indy 500, Tony Stewart was the 1997 IRL champion.
For the 1997 IRL racing season, Tony Stewart drove car No.
2, referred to as “Glidden/Menard/Special”, and Robbie Buhl drove
car No. 3, referred to as “Quaker State/Menards/Special” or
“Menard/Quaker State Special”. For the 1998 IRL racing season,
Tony Stewart drove car No. 1, “Glidden/Menard/Special”, and
13The Indy Racing League (IRL) holds approximately 10 races
each year in the United States. The principal race is the
Indianapolis 500.
14Tom Knapp ran TMI’s day-to-day operations at the end of
1998.
Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 NextLast modified: May 25, 2011