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callmeacab

03/25/20 11:54 AM

#3256 RE: T4KingOff #3255

I believe that Scott Rickert is still Chairman and CEO or PEN Inc. (the parent organization) and Tom Berman is President and CEO of PEN Brands (the subsidiary). I haven't seen anything to say that Scott Rickert doesn't still have almost full voting rights of PEN Inc. through his Class B shares. All the stock options being awarded are for Class A shares, which have equal value with Class B shares, but only 1/4 of the voting rights (I need to verify the exact voting right differential). In any event, both has a vested interest in the success of PEN Inc.