Document 3Qnbewpm53BQ06qkg3Mqqy3zO
PLAINTIFFS# EXHIBIT^,}
MHD-135
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STOCKHOLDERS OF THE H. I-[. LETKICK COMPAin,
a DELAWARE CGErCKA'IIOK, AT IOjOO A.M.,
MARCH 21. 1950.___________
PROCEEDINGS
The Annual Meeting of the Stockholders of M. H. DETE.ICE COMFANE
h-ld ft tne ofiic? of the comcsny, 111 . "ashington Street, Ohic'.go 2,
Illinois.
The meeting was called to order at 10:15 A. M. by Louis H. Hosbein,
Chairman, and M. E. Evans, acting as secretary.
Present in person and voting vere:
C. J. Baumruk E. J. Buehler Ele-.noro Cantlon James Cerny Charlotte K. Detrick Myron K. Detrick B. H. Downer N. S. Evans Louis Feifar I. C. Holubovsky Louis H. Hosbein C~tO JC.T03 H. A. Knsutz E. L. Larson Vm. Ourada K. E. Over C. r. Pollen Zj rt *\ JX
S xvonicin
Shares
30 5
10 5
180 300
A 60 10 AO 1513; AO 60
5 55 30 610 65 135
Present by proxy:
J. 3. Arthur George Avery C. W. Bauer H. F. Bauer J. H. Erockbank Florence 3. -hrlich V. M. ^hrlichAlan D. roltz June K. Foltz Thomas R. Foltz Charles FonDersmith
250 10 30 50 20
350 125
30 850
30
75
present by Proxy: (contd) K. A. Rowley Cor?. Goldsmith F. V. Goldsmith G. A. Heard David J. Hosbein John V. Hosbein Opal V. hosbein Roger L. Hosbein H. 0. Johansen 5. 1. Eiamlinger Adolph Klavizter Philip Link H. J. McPherson Z. H. Paul Isabel E. Pollen V. J. Power Elsie E. Roman Janes H. Roman L. Vf. Sattier George C. Sorensen Z. r . Streit J. T. Thorpe, Inc. E- C. Tourje L. R. Varner Maude Hill Varner Robert C. Varner J. C. Wilson
Absent, not voting:
John . Clasmann V. Clasnann Co. Fred Sliman Louis Eller-n R. D. Foltz R. V. Higgins 3. F. Sesxs M. E. Stoffel ?.. C. Varner Otto Welcome Otno Velchko
lu
15 10 20
131 150 665 135 150
90 20 60
15 5
462 10 30 10
4 25 30 200 32
30 80
30 1484-
4U3
100 50 56
325 431*
135 30
4 210
5 33
1429? 9110 snares
4V
He estimated that the Aurora block would cost an additional $20,000.00; that the sales meeting would cost $6,000.00 and that the new catalog which we were getting out would cost approximately
$ , . .15 000 00
He explained that the first quarter1 s profits for lyi? were .:at too good but that the sales have increased and should continue to increase with improvement in profits.
The Insulation Division shipments decreased from $465,000.00 to $434,000.00 with a decrease in profits of $4,000.00.
He explained that a testing furnace had been erected in Aurora and hoped that the Aurora products could be improved by the use of this furnace.