This was of particuliar interest to me. No lightweights among the Executive officers or Directors for GOYL. From the annual report.
DIRECTORS AND EXECUTIVE OFFICERS
--------------------------------
The directors and executive officers of the Company, and their ages as of
March 31, 1999, are as follows:
<TABLE>
<CAPTION>
Name Age Position
<S> <C> <C>
Leo Rosenberger 48 Chief Executive Officer, Chief
Financial Officer and Treasurer
Cynthia L. Pope 47 Vice President and General Counsel
and Secretary
Sheldon Goldman 36 President, Sungold
Robert G. Wolfe (1) 42 Chairman of the Board
Timothy C. Potts (1) 50 Director
William D. Ruckelshaus (2) 66 Director
Paul S. Shipman (2) 46 Director
Walter F. Walker (1) 44 Director
--------------------------
(1) Member of the Audit Committee of the Board of Directors.
(2) Member of the Compensation Committee of the Board of Directors.
</TABLE>
The Company's Board of Directors is comprised of five directors and is
divided into three classes. Each director serves for a three-year term, and
one class will be elected each year by the Company's shareholders. Directors
hold office until their terms expire and their successors are elected and
qualified. Executive officers of the Company are appointed by, and serve at
the direction of, the Board of Directors. There are no family relationships
between any of the directors or executive officers of the Company.
LEO ROSENBERGER, Chief Executive Officer and Chief Financial Officer,
joined the Company in February 1998. From January 1996 to January 1998, Mr.
Rosenberger was President and Chief Financial Officer of Pacific Linen, Inc.
Pacific Linen, Inc. filed a voluntary petition for Chapter 11 bankruptcy in
April 1996 and emerged therefrom in December 1997. In May 1995, Mr.
Rosenberger was appointed by the court as the Chapter 7 Trustee in Bankruptcy
for Waterbed, Inc. From August 1994 to February 1995 Mr. Rosenberger served
as interim Chief Financial Officer of Jay Jacobs, Inc., a company which filed a
voluntary petition for Chapter 11 bankruptcy protection in May 1994 and emerged
therefrom in November 1995. Mr. Rosenberger was a general partner in a
national accounting and consulting firm and has over twenty years experience as
a turnaround crisis manager and financial restructuring and management
consultant.
CYNTHIA L. POPE joined the Company in February 1998. From July 1995 until
joining the Company, Ms. Pope had a private law practice in Bellingham,
Washington and served as corporate counsel to the Company. From June 1992
until July 1996, Ms. Pope was a partner in the law firm of Brett & Daugert in
Bellingham, Washington. From June 1989 until June 1992 Ms. Pope was an
associate with the law firm of Bogle & Gates in Seattle, Washington. From
January 1985 until June 1989, Ms. Pope was an associate with the law firm of
Ross & Hardies in Chicago, Illinois.
SHELDON GOLDMAN, President of Sungold, joined the Company in April 1997
with the acquisition of Sungold. From 1992 until joining the Company, Mr.
Goldman was President and part owner of Sungold Enterprises, Ltd. From 1985
to 1992 Mr. Goldman was Vice President of Sungold Enterprises, Ltd.
ROBERT G. WOLFE was appointed by the board of directors of the Company in
January 1998 as a Director and as Chairman of the Board of Directors on an
interim basis until the 1998 annual meeting of the Company's shareholders.
Since February 1999, Mr. Wolfe has served as President of GT Group Telecom,
Inc. Mr. Wolfe was Chief Financial Officer of Trillium Corporation from 1996
to December 1998. From 1987 to 1995, Mr. Wolfe was a corporate finance
executive at Goldman Sachs. Mr. Wolfe serves as a director of Trillium
Corporation, GT Group Telecom, Inc., Babylon Entertainment, and RODI Power
Systems, Inc.
TIMOTHY C. POTTS has been a Director of the Company since March 1995.
Mr. Potts has been Senior Vice President--Finance of Trillium since July 1994.
From April 1987 to July 1994, Mr. Potts was the Chief Financial Officer of
Trillium.
WILLIAM D. RUCKELSHAUS has been a Director of the Company since July 1996.
Since March 1996, Mr. Ruckelshaus has been a principal of the Madrona
Investment Group, L.L.C., a private investment firm. Mr. Ruckelshaus is also
Chairman of the Board of Browning-Ferris Industries, Inc., a waste services
company, and from October 1988 to October 1995 was its Chief Executive Officer.
From 1983 to 1985, Mr. Ruckelshaus was Administrator of the Environmental
Protection Agency and from 1979 to 1983, a Senior Vice President of
Weyerhaeuser Co. Mr. Ruckelshaus is also a director of Cummins Engine Co.,
Monsanto Company, Nordstrom, Inc. and Weyerhaeuser Co.
PAUL S. SHIPMAN has been a Director of the Company since June 1996.
Mr. Shipman has been President since September 1981, Chairman of the Board
since November 1992 and Chief Executive Officer since June 1993 of Redhook Ale
Brewery, Incorporated ("Redhook"), a brewer of craft beers.
WALTER F. WALKER has been a Director of the Company since December 1995.
Since September 1994, Mr. Walker has been the President of the Seattle
Supersonics National Basketball Association basketball team, owned by a
subsidiary of Ackerley Communications, Inc. From March to September 1994, he
was President of Walker Capital, Inc., a money management firm. From July 1987
to March 1994, Mr. Walker was a Vice President of Goldman, Sachs & Co., a
registered broker-dealer. From 1976 to 1985, Mr. Walker was a professional
basketball player in the National Basketball Association. Mr. Walker is also a
director of Redhook and Interpoint Corporation.
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