Ron,
You got me to a thinkin! Sorry but I just finished watching Dukes
of Hazzard! So I looked up the definition of float and it is actually
all outstanding shares minus inside owners and owners who have 5% or
more shares! So I dug and found quite a bit more inside owner's than
I expected, from the Proxy and Jan 10, prospectus.
Here is what I found:
HOLDER SHARES %
Bramson 8,135,091 17.9%
Mckibben 3,282,071 7.2%
McClure 17,500 0.0%
Slusser 7,500 0.0%
Stoltzfus 8,500 0.0%
Atchison 172,300 0.4%
Jacquet 75,650 0.2%
Talcott 73,150 0.2%
Others 8,994,626 19.8%
Master Trust 2,417,480 5.3%
Buffalo Clr Trs 296,935 0.7%
PaineWebb Hi In 564,328 1.2%
Managed Hi Yld 122,676 0.3%
Total 24,167,807 53.1%
Outstanding 45,523,597
Remaining 21,355,790
Float 9,500,000
5% Owners? 11,855,790
The float came from MarketGuide. Other's are all minor executive's and
officer's.
There is quite a bit of insider shares and not one has sold!
Another intresting tidbit is Bramson's salary.
1996 $160,008 No Bonus
1995 $167,505 No Bonus
1994 $175,000 No Bonus
Footnote says that in 1995 and 96 he gave away $7,500 and $15,000 from his salary to pay for employee's bonus. His VP's make more than he does in salary! Wish I had a boss like that! |
