proxy is out..... adding Orcutt to the Board.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
The following table sets forth certain information, as of April 9, 2002,
concerning the only persons who, to the best of Management's knowledge, own
beneficially more than five percent (5%) of the Corporation's Common stock.
Unless otherwise indicated, stock ownership includes sole voting power and
sole investment power.
Name and Address of Amount and Nature of Percent of
Beneficial Owner Beneficial Ownership Class
---------------- -------------------- -----
David Freedman (1) 971,274(2)(3) 14.0%
44 Talmadge Road
Edison, New Jersey 08818
Sigmund Freedman (1) 909,112(3) 13.1%
44 Talmadge Road
Edison, New Jersey 08818
Dimensional Fund Advisors, Inc. 426,166 6.2%
1299 Ocean Avenue - 11th Floor
Santa Monica, California 90401
Royce & Associates, Inc. 433,777 6.3%
1414 Avenue of the Americas
New York, NY 10019
----------------
(1) Messrs. David and Sigmund Freedman are brothers. By virtue of their
stockholdings, they may be deemed to be "control persons" of the
Corporation. Although neither brother is the beneficial owner of the
stockholdings of the other, if David and Sigmund Freedman choose to act in
concert they would control 27.2% of the Common stock of the Corporation.
(2) This figure includes 149,422 shares owned by Mr. Freedman's wife directly
but does not include 65,359 shares owned by a trust for the benefit of Mr.
Freedman's wife. Mr. Freedman has neither voting nor investment control
over the shares held by the trust.
(3) This figure excludes shares which may be acquired within 60 days under the
1998 Stock Option Plan for 10% Shareholder-Directors as follows: David
Freedman -- 96,261 and Sigmund Freedman -- 49,511. |
