As of 12-31-2011, Mr. Parkinson beneficially owns 70,601,649 shares of Class A common stock in the Company, and 600,000 shares of Series A Preferred Stock. Mr. Parkinson has voluntarily surrendered back to the Company Treasury a total of 25,000,000 s hares. Subject to the achievement of corporate performance thresholds, these shares may be permanently forfeited, or may be re-issued to Parkinson in full (or in part) during 2013. Parkinson has no other Board memberships or affiliations other than volunteer, non-profit associations.
As of September 30, 2012, Mr. Parkinson beneficially owned 64,051,649 shares of Class A common stock in the Company, and 600,000 shares of Series A Preferred Stock. Mr. Parkinson has voluntarily surrendered back into company treasury a total of 26,800,000 shares of stock, to be held pending satisfaction of corporate and sales achievements. Parkinson has no other Board memberships or affiliations other than volunteer, non-profit associations. Effective January 1, 2013, Mr. Parkinson has agreed to reduce his base salary to $72,000 per year.