Marshall F. Wallach , from Kaiser Inc.'s seven directors , and the
officers and other employees of Kaiser LLC
would be the same as that of.Kaiser Inc.
, although we expect to continue to reduce staff as our.
assets are sold.In the event any of Messrs.
Fawcett or Wallach
is not elected to the Board of Kaiser Inc. , the.
If the Conversion Proposal is approved and the related merger completed , the terms of these directors would end when Kaiser Inc.
ceases to exist upon the merger , and the Board of Managers of Kaiser Ventures LLC
would consist of Richard E. Stoddard , Ronald E. Bitonti , Todd G. Cole , Gerald A. Fawcett and Marshall F. Wallach
...Marshall F. WallachDirector
...Marshall F. Wallach served as President of The Wallach Company , a Denver , Colorado-based investment banking firm from 1984 through April 2001
.The Wallach Company
was sold to Keycorp on January 1 , 2001.Since April 1 , 2001 , Mr. Wallach has served as Chairman of the Board of The Wallach Company
.Prior to forming The Wallach Company , Mr. Wallach managed the corporate finance department and established the mergers and acquisitions department of Boettcher & Company , a regional investment bank in Denver , Colorado
.Mr. Wallach serves on the boards of several non-profit organizations and privately-owned corporations
.He also serves on the Board of Directors of Tomkins , PLC.
.He has been a director since November 1991
.ITEM 2. THE CONVERSION PROPOSALQuestions and Answers Related to the Conversion ProposalWhat does the Conversion Proposal mean for me? - ----------------------------------------------.If the Conversion Proposal is approved , you would receive $10 in cash as well as one Class A Unit for each of your shares of Common Stock.The Class A Units would contain transfer restrictions and not be traded on any securities market.Why are we doing this? - ----------------------.
However , the Board of Managers would be reduced to five , from the current seven members of our Board of Directors , and would consist of Richard E. Stoddard , Ronald E. Bitonti , Todd G. Cole , Gerald A. Fawcett and Marshall F. Wallach
...Wallach , Cole and MacDonald
The Kaiser LLC Board of Managers would initially consist of Richard E. Stoddard , Ronald E. Bitonti , Todd G. Cole , Gerald A. Fawcett and Marshall F. Wallach
, all of whom are currently members of the Kaiser Inc.