Johnson, the equity position changed when Greg Gibson exercised the buyback option and gave back 17,792,998 shares (see January, 2004 8K). If you recalculate the shares held by officers & directors as a group, then they hold 32% of outstanding shares (not including any share transactions that have occurred since the 2002 10K).
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth certain information, as of May 16, 2003, with respect to the beneficial ownership of the Company's Common Stock by (i) all directors of the Company (ii) each executive officer of the Company named in the Summary Compensation Table and (iii) all directors and executive officers of the Company as a group.
Name and Address of Beneficial Owner
Amount and Nature of Beneficial Ownership
Percent of Class (1)
Gregory J. Gibson Stony's Trucking Co. and Subsidiaries 492 McClurg Road Youngstown, Ohio 44512
20,500,000
22.0%
Intercontinental Holdings, Inc.
3 Broad Street Suite 3A Charleston, South Carolina 29401
18,334,284
19.7%
Richard D. Tuorto, Sr.
3 Broad Street
Suite 300
Charleston, South Carolina 29401
2,707,002 (2)
2.9%
All Officers and Directors as a Group
41,541,286
44.7%
Based upon 92,854,455 common shares issued and outstanding as of May 16, 2003.
Does not include shares of common stock owned by Intercontinental Holdings, Inc., of which Mr. Tuorto is a shareholder, officer and director.
News 
Market Data 
Discover 
