Document MJmvgp6qJoVXKEjvqdk9Kyogx

MINUTES OF THE ANNUAL MEETING OF THE STOCKHOLDERS OF M. H. DETRICK COMPANY, A DELAWARE CORPORATION, ON FEBRUARY 20, 1947, AT 10 O'CLOCK A. U. PROCEEDINGS PLAINTIFFS I EXHIBIT MHD-132 The Annual Meeting of the Stockholders of M. H. Detrick Company was held at the office of the company. 111 West Washington Street, Chicago 2, Illinois. The meeting was called to order at 10 o'clock A. M., by Louis H. Hosbeia, Chairman - and N. E. Evans, acting as secretary. Present in Person and Voting were; Shares 0. J. Baumruk Eleanore Cantlon C. I. Chirpe J. W. Clasmann W. M. Eirlich Inuis Eli man Joe Elms N. E. Evans R. D. Foltz R. W. Higgins 1. C, Holubovsky Louis H. Hosbein Otto Jaros H. 0. Johanson K. T. Kimmlinger Wm. Ourada R. E. Over C. F. Pollen Joseph S. Reman L. W. Sattier E. F. Streit R. C. Warner 5 10 10 50 475 325 10 50 45li 135 40 1648^ 40 150 50 55 20 `520^ 235 U 30 100 4454a J. Brockbank C. W. Bauer ' H. F. Bauer E. J. Buehler Cora Clasmann, Trustee B. H. Downer L. Feifer, Jr. Alan Dietrich Foltz John Whipple Foltz Thomas Raymond Foltz June W. Foltz 20 30 50 5 90 4 10 30 30 30 850 Present by Proxy (Cont'd.) F. W. Goldsmith W. F. Hampton G. A. Heard H. L. Henning David James Hosbein John W. Hosbein Roger L. Hosbein Opal W. Hosbein H. A. Knautz ?. Link Harry J. Me Pherson E. J. petroski Isabel E. Pollen E. W. Rix Elsie E. Reman James H. Roman H. A. Rowley B. F. Sears Wm. T. Sheehan N. E. Stoffel J. T. Thorpe, Inc. E. C. Tourje W. A. Vidro Maude H. Warner J. C. Wilson Absent. No Proxy: J. B. Arthur J. Cerny E. J. Charlesworth, Jr. The W.Clasmann Company C. M. Detrick MjTon H. Detrick Fred Ell man E. L. Larson D. G. lynch Mrs. J.S.McClellan W. J. Power Otto Welcome Otto Welchko Shares 10 18 20 5 36 60 40 800 60 60 15 10 457 50 30 10 10 30 5 4 200 321 mi 250 148i 250 5 10 30 130 300 56 5 38 30 10 5 150 3621^ 1069 The Aurora Insulations Division showed a loss of approximately $21,000, due mostly to the fact that OPA was controlling prices - and material had to be sold at a loss. In July, through the efforts of Ed Streit, Frank Pollen and Ray Foltz, they were able to secure a 20^ increase in OPA ceiling prices. The last quarter of the year showed a profit of approximately $3,000, due to this increase in price - and an additional 17^ increase which was put into effect December 1st. During the year several improvements were made at Aurora, among them being the Shot Conveyor which permitted the elimination of one (1) man on the force ... and saves the company money in hauling charges. Another one of the improvements was the Unloading Tipple permitting the unloading of coke and slag at one-third (1/3) the usual cost.