a) Eric Filson Parkinson, Chief Executive Officer and member of the board; business address for Mr. Parkinson is: 1428 Chester St., Springdale, AR 72764. At all times during the prior five years, Mr. Parkinson has been employed as the C.E.O. of Truman Press, Inc., d/b/a “Hannover House.” Mr. Parkinson has an accrued salary of one-hundred-eighty-thousand dollars (USD $180,000) per year, for which the vast majority has been, and continues to be deferred and accrued. 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.
Shefte has voluntarily surrendered back into company treasury total of 5-million shares of stock, to be held pending satisfaction of corporate governance achievements.
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.