- 4 -
Class A Class B
voting nonvoting
preferred preferred Nonvoting
Shareholder stock stock common stock
Richard E. Becker 3 -0- -0-
Richard E. Becker
Revocable Trust 860 -0- -0-
Richard E. Becker
Living Trust -0- 4,500 -0-
Lillian M. Becker1
Living Trust -0- 3,281 -0-
William Becker2 1 256 1,000
Barbara Hurley 1/2 36 500
Jo Ann Becker 1/2 36 500
Total 865 8,109 2,000
1 Lillian M. Becker was the wife of Mr. Becker.
2 William Becker had only a life estate in his single share
of Class A voting preferred stock.
Family disputes regarding the management and control of BHC
ultimately resulted in the termination of William Becker’s
employment with BHC on February 22, 1991. Over the next 3 weeks,
negotiations took place between William Becker, Mr. Becker,
Richard Neill (Mr. Neill) as attorney for BHC, and Daniel Dempsey
(Mr. Dempsey) as BHC’s chief financial officer, for the
redemption of William Becker’s stock in BHC.4 Mr. Neill drafted
an agreement and encouraged William Becker to obtain independent
4 Mr. Dempsey acted as an intermediary between Mr. Becker
and William Becker but did not advise anyone as to the terms or
contents of the agreements.
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Last modified: May 25, 2011