From the FLC Thread:
To: +June (358 )
From: +VLAD
Wednesday, Apr 7 1999 9:38PM ET
Reply # of 360
For those wanting to know more about Webster and Loyd here is some info from the DEF
14A filed last year:
Mr. Loyd and Mr. Webster became directors of the Company upon it organization in July
1997. Pursuant to the merger agreement among the Company, Falcon and R&B, eight
additional directors were elected in December 1997. Of the current directors, five were
members of Falcon's board and five were members of R&B's board.
Paul B. Loyd, Jr., age 51, has been a director of the Company since July 1997 and Chairman
of the Board since January 6, 1998. Mr. Loyd was Chief Executive Officer and Chairman of
the Board of R&B from 1991 until the Merger. Mr. Loyd has been President of Loyd &
Associates, Inc., a financial consulting firm, since 1989. Mr. Loyd is a director of Wainoco
Oil Corporation.
Steven A. Webster, age 46, has been Chief Executive Officer and a director of the Company
since its organization in July 1997. Mr. Webster has served as Chief Executive Officer and
Chairman of the Board of Falcon since its formation in 1991. He serves as a director of Grey
Wolf, Inc.; Carrizo Oil & Gas, Inc.; Ponder Industries, Inc.; Geokinetics, Inc.; and Crown
Resources Corporation. Mr. Webster also serves as a trust manager of Camden Property
Trust.
As far as stock holdings go:
biz.yahoo.com
biz.yahoo.com
Note all of Webster's purchases last August of 165,000 shares at an average price of
$10.90/share. Evidently Webster thought he was getting a deal last August buying stock in
the 10 to 11 range. With oil prices much higher now and FLC's financing uncertainties
resolved, whose not to like FLC at today's levels?
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My NOTE: it looks to me as though FLC had one too many qualified Presidents after the merger. |
