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C. PK Ventures
On or about September 12, 1986, PK Ventures was organized as
a Delaware corporation for the purposes of acquiring, owning,
leasing, holding, operating, maintaining, and disposing of assets
such as pipelines and alternate energy facilities and engaging in
any and all activities related or incidental thereto. Rose was
responsible for organizing PK Ventures as part of his duties to
develop investment opportunities for Printon Kane. Sometime
before Rose organized PK Ventures, Rose and Printon Kane’s
management had agreed that he would receive an equity interest in
PK Ventures as part of his compensation for arranging this
investment opportunity for the firm.
PK Ventures was initially authorized to issue 1,000 shares
of stock. As of September 16, 1986, PK Ventures had issued all
of those authorized shares to 11 individuals. These initial
owners of PK Ventures included G. Clifford McCarthy, Jr.
(McCarthy), and 10 individuals who were either partners in or
employees of Printon Kane--Amos Beason (Beason), Francis Cerosky
(Cerosky), Robert Grimmig (Grimmig), Thomas Kane (Kane), Thomas
Kane, Jr. (Kane Jr.), Eugene Kirkwood (Kirkwood), Louis Krutoy
(Krutoy), Joseph Mannello (Mannello), Joel Marshall (Marshall),
and John Parker (Parker). As of that date, PK Ventures’ stock
was owned in the following proportions:
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Last modified: May 25, 2011