Home February 5, 2018
Southeastern Wisconsin is full of family businesses with long legacies, and each navigates the transition from one generation to the next with its own twist. There are also a handful of area companies that are now public, but the families behind them continue to control many, if not a majority, of shares. In some cases, family members hold shares that give them control over naming directors or increased voting power. Here’s the percentage of shares family members or trusts hold in area companies, based on each company’s most recent proxy filing with the SEC:
Johnson Outdoors Inc. (Class B shareholders select seven board members and receive 10 votes per share when both classes vote on proposals.)
A.O. Smith Corp. (Common stock shareholders select four board members, while Class A shareholders select six. Shareholders of common stock receive one-tenth of a vote per share on items considered by both classes.)
Weyco Group Inc.
Marcus Corp. (Class B shareholders receive 10 votes per share, while holders of common shares receive one per share.)
Quad/Graphics (Class A shareholders receive one vote per share, while class B shareholders receive 10 votes per share.)
Holiday flash sale! Subscribe to BizTimes and save nearly 40%!
Limited time offer. New subscribers only.