-5-
HEI’s 1997 and 1998 taxable years, the group’s other members,
each of which was wholly owned by HEI, were (1) Printgraphics,
Inc. (Printgraphics), (2) HBW, Inc. (HBW) (also known as Weber
Co.), (3) BES Manufacturing, d.b.a. Mr. Spray, (4) Vogt
Warehouse, Inc. (Vogt), (5) HGT, Inc. (HGT), (6) Hubert Co., and
(7) Graphic Forms and Labels, Inc. (Graphic). For HEI’s 1999
taxable year, the affiliated group of corporations in addition to
HEI consisted of the just-stated seven wholly owned subsidiaries
and two other wholly owned subsidiaries; namely, Public Space
Plus, Inc., and Hubert Development, Co.
From HEI’s organization through at least 1998, Howard Thomas
(Thomas) was HEI’s president, Edward Hubert was chairman of HEI’s
board of directors, George Hubert, Jr., was an HEI vice president
and secretary, Sharon Hubert was an HEI vice president, and J.
Gregory Ollinger (Ollinger) was an HEI vice president. From its
organization through August 1, 1998, HEI did not declare a
dividend or formally distribute any of its earnings and profits.
HEI’s undistributed earnings as of July 25, 1995, July 26, 1996,
August 2, 1997, and August 1, 1998, were $14,847,028,
$19,878,907, $25,164,181, and $31,298,257, respectively.
II. HHC
In August 1999, HEI transferred the stock of its
subsidiaries to HHC. For HHC’s 2000 and 2001 taxable years, HHC
was the parent corporation of an affiliated group of corporations
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