EX-99.2 2 t1400736_ex2.htm EXHIBIT 99.2

 

Exhibit 2

 

Stadium Capital Releases Letter to Insperity, Inc. Shareholders

 

Believes Company is Deeply Undervalued and that Opportunities Exist to Greatly Improve Operating and Stock Price Performance

 

Explains Stadium’s Rationale for Voting Against Current Slate of Directors

 

Urges Board to Engage in Formal Strategic Alternatives Process

 

NEW CANAAN, CT April 22, 2014 /PRNewswire/ — Stadium Capital Management GP, LP and its affiliates (collectively referred to as “Stadium”), which own approximately 2.3 million shares, or about 9% of the common stock of Insperity, Inc. (“Insperity” or the “Company”) (NYSE:NSP), today announced that it had released a letter to fellow Insperity shareholders. Stadium has been a shareholder since 2008 and the Company’s largest shareholder since the middle of 2012. The letter explains Stadium’s rationale for voting against the Company’s current slate of directors in the upcoming election and why Stadium believes the board should initiate a formal review of strategic alternatives.

 

In the letter, Stadium states that Insperity is trading at a steep discount to its intrinsic value and to its Peer Group Index as a result of the following:

·Poor operating results
oSubstantial operating underperformance compared with Insperity’s own publicly shared long-term and shorter-term operating goals
oUnacceptably poor operating performance compared to the Company’s Peer Group Index
·Excessive executive compensation and perquisites
oThe Company’s CEO and executive team have received over $50 million in compensation over the last five years in spite of serious underperformance versus their own publicly communicated goals and guidance
oInsperity provides the CEO unlimited use of two enormous private jets, paid for by shareholders to commute between his multiple residences and the company’s headquarters in Houston. This includes quasi-daily flights between Houston, TX and the CEO’s primary residence in Dallas, TX. The company also allows the CEO and other executives unlimited personal use of these aircraft with only partial reimbursement to the Company
·Excessive expense structure
oThe Company uses its large aircraft for “business” travel more than 750 hours annually. Stadium believes that these excessive travel expenses alone may equate to almost $8 million annually, which is a major percentage of the Company’s operating profits
·Poor governance
oStadium believes the Company’s current board has failed in its duties on a variety of issues related to operating results, expense management, executive compensation and financing strategy

 

Stadium hopes other Insperity shareholders will examine the details of its letter to shareholders and understand why Stadium has elected to vote against the Company’s current slate of directors. The full text of the letter follows:

 

 
 

  

Stadium Capital Management gp, lp

 

April 22, 2014

 

To our fellow Insperity shareholders:

 

Stadium Capital Management GP, LP and its affiliates (collectively “Stadium” or “We”) currently own approximately 2.3 million shares of common stock of Insperity, Inc. (“Insperity” or the “Company”), or about 9% of the Company’s outstanding common stock. We have been a shareholder since 2008 and the Company’s largest shareholder since the middle of 2012. We believe Insperity is substantially undervalued because of both poor operating performance and severe corporate governance failures. The purpose of this letter is to:

·Explain why Stadium intends to vote against the current slate of directors; and
·Convey the substantial governance changes we believe are required at Insperity to generally maximize shareholder value and specifically allow for the facilitation of an independent strategic alternatives process.

 

Stadium is a long-term oriented, research-driven investment management firm that focuses on smaller capitalization public companies. Over the past ten years, we have met with Insperity management numerous times and, more importantly, conducted intensive due diligence and research on the business. This has included, among other things, almost two hundred Insperity customer and competitor research calls. We learned from our deep research that the Company provides valuable services to its customers and that the long-term opportunity for organic customer growth remains strong, despite the Company’s lackluster growth and cost mismanagement over the past several years. We have been continuous, patient and supportive shareholders of Insperity since 2008. Since our strategy’s inception over 17 years ago, we have prided ourselves on our constructive, supportive relationships with our portfolio companies. It is highly unusual for us to express formal and serious frustration with the conduct and performance of a portfolio company. As high as this bar is, unfortunately in this case we feel the need to convey to fellow shareholders our deep dissatisfaction with the situation at Insperity. We believe the governance changes detailed below would encourage increased investor interest and confidence, which in turn could result in a materially higher trading multiple for the Company that is also more consistent with its peers and the overall market. We believe that this, combined with obvious operating expense changes and a more rational capital structure, should result in Insperity’s being worth approximately $45-60/share in the public markets, which is a significant premium to yesterday’s close of $30.88/share.

 

We also believe a strategic alternatives process is warranted now because over a multiyear period the Company’s operating results and share price have dramatically underperformed those of its competitors, the Company’s Peer Group Index1 and all market indices, despite being in a growing and attractive industry. We have specific knowledge of serious current and past private equity interest in the Company. We also believe the interest from a broad range of strategic players would be high as well. Combining Insperity’s large and loyal customer base with a more efficient cost structure or with an emergent, cloud-based HR technology company could represent a compelling value creation scenario for Insperity’s shareholders. The current board and management have had ample time to generate superior shareholder returns and have clearly failed to do so, as we will illustrate below. Now is the time to see if the value of this business can be optimized by someone else.

 

199 Elm Street 1000 NW Wall Street, Suite 210
New Canaan, CT 06840 Bend, OR  97701
(203) 972-8235  Fax: (203) 972-2988 (541) 322-0600  Fax: (541) 322-0604

 

 
 

  

Stadium Capital Management gp, lp

 

Over the last several weeks, we have engaged in a series of discussions with the company's officers and directors, including providing management with much of our analyses concerning the issues in this letter. We asked the board to make several governance and expense changes that we believe would benefit all non-management shareholders. We also asked for three Stadium representatives on Insperity’s board as a way to align the board properly with shareholders’ interests. The board refused our governance and expense control suggestions, but did eventually offer to appoint one Stadium representative to the board, claiming additional representation beyond one director would not benefit all shareholders. Given the seriousness of the issues we see at the Company, we strongly believe additional board seats are warranted and required to effect real change, and consequently we ultimately rejected the Company’s counterproposal. In fact, the premise that adding three Stadium directors would somehow be contrary to the interests of all shareholders only confirms the board's surprising lack of basic governance principles. As most investors know, there is nothing about being a large shareholder that creates misalignment with other shareholders; on the contrary, a large shareholder by its very nature is much more aligned with other shareholders (of any size) than are directors with minimal holdings or insider manager/shareholders. This, however, is an all too common misconception (or convenient excuse) used by managers and directors who lack shareholder value creation incentives and mindsets.

 

In the spirit of embarking on a constructive and private path forward, we offered to compromise and accept two board seats, rather than the requested three board seats. This compromise was rejected by the Company as well. To be clear, Insperity has two management representatives on the board, including the Chairman’s role, with significant and obvious potential for misalignment of interest with shareholders. Furthermore, the seven non-management directors collectively own approximately 0.7% of Insperity. Even this meager quantity was likely “earned” as compensation for director service, and does not represent a deliberate capital investment in the Company. Somehow, for reasons that defy governance logic, the board seems to view two board seats by the company’s largest shareholder and most-aligned stakeholder in a different light than the seven directors whose collective ownership is a tiny fraction of Stadium’s. In this context, the board’s denial of Stadium’s compromise request for two board seats seems hypocritical, logically inconsistent and self-serving.

 

Operating Underperformance

 

As the charts below show, Insperity has significantly underperformed its own operating expectations and the performance of its peers over both the short- and long-term. In fact, Insperity has not grown EBITDA over the past five years at all, and if Insperity achieves the midpoint of its FY 2014 guidance, this will mark six years of essentially no growth in EBITDA2. Insperity has also consistently failed in its ability to deliver shareholder value.

 

In Chart 1, note that Insperity has not remotely achieved its publicly communicated average paid worksite employees objective that was issued in 20113. As we all know, average paid worksite employees is a critical performance metric for the Company. Chart 2 clearly demonstrates that the Company has performed even more poorly on its EBITDA objective3. Chart 3 illustrates similar underperformance versus the Company’s initial FY 2013 guidance4.

 

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Chart 1: Underperformance vs. 5-year Plan – Average Paid Worksite Employees

 

 

Chart 2: Underperformance vs. 5-year Plan – EBITDA

 

 

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Chart 3: Underperformance vs. 2013 Initial Guidance – EBITDA

 

 

In addition to underperforming its own outlook, Insperity’s performance has also fallen short of its peers’ over the last couple of years. As Chart 4 shows below, Insperity’s total EBITDA declined 5.5% from FY 2011 to FY 2013, while its public competitors’5 grew 12.4% and that of the Peer Group Index5 grew 22.2% over a similar time period. Additionally, Chart 5 illustrates that Insperity is the only one of its Peer Group and publically-traded competitors that did not grow EBITDA between FY 2011 and FY 2013.

 

Chart 4: Underperformance vs. Peers – EBITDA Growth

 

 

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Chart 5: Underperformance vs. Peers – EBITDA Growth

 

 

Corporate Governance Failures

 

The board has tolerated the Company’s poor operational performance, overpaid the management team that delivered such performance and has allowed, or perhaps even participated in, the misuse of corporate resources to the detriment of the shareholders. For example:

 

·Despite this period of stagnant EBITDA and dismal shareholder value creation, Insperity’s CEO has received nearly $18 million in total compensation over the last six years, while Insperity’s named executive officers (“NEOs”) have collectively received nearly $53 million over the same time period6. As we highlighted earlier, Insperity’s forecasted EBITDA for FY 2014 is tracking approximately 50% below the rate articulated in the five-year plan released by management in 2011 (also attached in this filing), yet the total compensation for both the CEO and the company’s NEOs has remained consistently high. Short-term cash bonuses have typically been too easy to achieve, Insperity’s long-term equity incentives lack any form of performance-based vesting, and the board has shown no inclination to reduce management’s lavish perquisites.

 

·In defiance of Insperity’s stated policy and despite these generous levels of compensation, the board has continued to allow the CEO to pledge 17% of his shares (1% of Insperity’s shares outstanding) as collateral on various loans7.

 

·We believe that the Company’s investment in and usage of not one, but two enormous aircraft (37-passenger EMB-135s, retrofitted and configured for luxury corporate travel) is simply a gross and conspicuous misuse of shareholder resources. Insperity’s board, via its compensation agreement with the CEO, allows for unlimited and unreimbursed personal use of these two planes, at the sole expense of shareholders, for the CEO to travel between his multiple residences and company facilities. In an effort to gain some understanding of the costs involved, we have reviewed several years of publically

 

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available flight logs8 and believe this arrangement, including quasi-daily and remarkably short commuting between Dallas and Houston via such a large aircraft, is a massive and inexcusable waste of shareholder money. In addition, the management team has made significant personal use of these aircraft. While the CEO and other senior management are required to “reimburse” the Company for variable costs, these costs do not cover the actual total costs of operation including capital costs and maintenance expenses. In addition, the frequency of travel to what appear to be domestic and international golf and other vacation destinations is wholly inappropriate for a full-time and well-paid CEO of a public company. Furthermore, flight logs for these two aircraft suggest that above and beyond the excessive expenses noted above, the Company uses these airliner-sized planes for hundreds of hours of corporate travel. These data suggest that Insperity appears to rack up more than 750 hours annually on these aircraft. Our research suggests that if so, the annual cost to shareholders – including variable, fixed and capital costs – is likely close to $8 million, a shockingly high proportion of overall Company profitability9. If Insperity were to trade at similar multiples to that of its competitors (11-14x EBITDA), the cost to shareholders of this indulgence would equate to approximately $90-$110MM in market value, or roughly an increase of 12-15% in the total market value of Insperity.

 

We believe these clear governance failures may be the product of a board that lacks functional independence or lacks the prudent business judgment to preside over a public company.

 

The Result: Market Value Underperformance

 

The growth in Insperity’s shareholder value, as reflected in market valuation, has significantly underperformed both its peers and the market indexes. We strongly believe that this is the result of the Company’s disappointing and poor operating underperformance combined with the market’s perception that Insperity’s flawed governance structure will prevent the Company from (a) achieving better results, (b) making the changes required if results are not improved and (c) realizing value to shareholders through a sale of the Company.

 

Chart 6 below illustrates the degree to which Insperity’s market valuation has underperformed versus all relevant benchmarks. Insperity’s public market multiple of Total Enterprise Value (“TEV”) to EBITDA, currently at 7.4x, is significantly below the average of its public industry competitors (12.5x), the average of its Peer Group Index (20.6x) and well below the overall market, as defined by the Russell 2000 Index (13.3x)10.

 

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Chart 6: Lagging TEV / LTM EBITDA Multiples

 

 

Chart 7 compares Insperity’s TEV / EBITDA multiple with recent industry acquisition multiples, the recently public TriNet (a direct competitor), as well as with the average of the median M&A TEV / EBITDA sector multiples for North American companies in Q1 201411:

 

Chart 7: TEV / EBITDA Multiples Comparison

 

 

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We believe the net result of all these factors has produced an unacceptable return to shareholders over the last five years. Chart 8 below compares Insperity’s shareholder returns versus its peer group and those of the Russell 2000 Total Return index, and speaks for itself, in our view12.

 

Chart 8: Total Shareholder Returns

 

 

Changes Required to Maximize Shareholder Value

 

To address and remedy these issues, we are calling on Insperity’s board to do the following, immediately:

 

A.Enact Governance Changes

 

·Split the role of CEO and Chairman.
·De-classify the board.
·Appoint three new directors designated by Stadium, with one of the three to become a truly independent Chairman.
·Immediately eliminate personal use of the Company’s aircraft by executives and spouses. Establish a board committee to evaluate the Company’s travel expenses and costs and benefits to the shareholders of owning and operating two enormous jets.
·Change compensation agreements for management so that annual cash bonuses are more difficult to achieve and stock awards are subject to performance-based vesting, making them more aligned with shareholder value creation.
·Deploy excess capital in the most advantageous manner for shareholders. Insperity has significant excess cash that it should immediately use to repurchase large amounts of stock. Not doing so suggests that the board lacks confidence in the Company’s prospects and/or management’s ability to generate shareholder value.

 

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B.Explore Strategic Alternatives

 

Insperity needs to engage new, independent financial advisors and create a special committee of the board, with a Stadium representative as Chair, to explore strategic alternatives for the Company. There is clear evidence the market is willing to pay high multiples for this type of business and that many industry participants’ businesses are growing, not stagnant. After such a long period of underperformance and dismal shareholder returns, shareholders should demand the board perform its duty to explore whether the value of this business could be optimized by someone else.

 

Conclusion

 

In our opinion, it is time for immediate change at Insperity. The board needs to address stagnant operating results as well as the corporate governance practices that have permitted excessive compensation and the squandering of shareholder resources. The board must also explore strategic alternatives for the Company immediately. We also look forward to Insperity’s receiving any additional overtures from potential private equity or strategic acquirers, as we think there is significant potential value to be unlocked at Insperity that is well in excess of today’s current market valuation.

 

We fear that little may be accomplished without direct and active shareholder involvement and a rejection of the status-quo at Insperity. For this reason, we are voting against Insperity’s current board slate and urge our fellow shareholders to consider what we have outlined above when they cast their votes in the coming weeks.

 

Sincerely,

 

The Investment Committee of Stadium Capital Management GP, LP

 

 

Alexander M. Seaver, Co-founder and Managing Director

 

 

Bradley R. Kent, Co-founder and Managing Director

 

 

Dominic P. DeMarco, Managing Director and Co-Chief Investment Officer

 

 

John L. Welborn, Jr., Managing Director and Co-Chief Investment Officer

 

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Notes:

 

(1)The Peer Group Index is defined using Insperity’s most recent compensation peer group per the Company’s 2014 proxy filing and includes the following 15 companies: Automatic Data Processing, Inc., CBIZ, Inc., Cognizant Technology Solutions Corporation, Concur Technologies, Inc., Convergys Corporation, Genpact Limited, Korn/Ferry International, Paychex, Inc., Resources Connection, Inc., salesforce.com, Inc., Towers Watson & Company, The Ultimate Software Group, Inc., Gartner, Inc., Intuit, Inc. and Web.com Group, Inc.
(2)EBITDA is defined as Earnings before Interest and Taxes (EBIT), plus depreciation and amortization, and adjusted to add back stock-based compensation expense and other non-recurring expenses and/or extraordinary items (most notably the Company’s $12MM rebranding costs in 2011).
(3)FY 2014 guidance was taken from Insperity’s Q4 2013 earnings call held on 2/10/14. The mid-point of the FY 2015 outlook was taken from Insperity’s investor day presentation on 3/31/11 (also attached in this filing). Assumptions for depreciation, amortization, and stock-based compensation were made in order to arrive at an estimated EBITDA for FY 2015. These are based on historical trends.
(4)Initial FY 2013 guidance was given on Insperity’s Q4 2012 earnings call held on 2/8/13.
(5)Public competitors include Automatic Data Processing, Paychex, and Barrett Business Services. TriNet was not included in this group as it has completed material acquisitions during the FY 2011-13 time period. In addition, for the purposes of calculating EBITDA growth, the Peer Group Index excludes CBIZ, Inc., Korn/Ferry International, Towers Watson & Company, and Web.com Group, Inc., as these companies completed material acquisitions during this time period.
(6)Compensation data sourced from Insperity’s annual proxy filings.
(7)Information sourced from Insperity’s most recent proxy filing on 3/31/14: “Prohibition on Hedging and Pledging of Company Common Stock.”
(8)Please reference Exhibit 1 and Exhibit 2 for detailed flights logs; data sourced from FlightAware.
(9)Airplane usage costs estimated per information obtained from Embraer for a similar-sized aircraft, the Legacy 600. Total hours estimated at 750 (across both planes) based on 2013 flight logs. Hourly variable costs estimated at $3,600/hour, annual fixed operating costs estimated at $660,000 per plane per year, and depreciation assumes $35MM in gross book value with a 20 year straight-line useful life. Capital costs assume a 10% cost of capital applied to an estimated $35MM book value of plane assets, as noted in the 2013 10-K.
(10)The latest multiple data points are as of 4/17/14. The Total Enterprise Value for Insperity, the public competitors, and the Peer Group Index includes adjustments for long-term cash and marketable securities (considered additional excess cash), if applicable, as well as deducting from cash the amount that is held on behalf of clients (e.g. withholding taxes, client prepayments, etc.), if applicable. The EBITDA calculation is the same as noted above in Note 2. TriNet was not included within the public competitors as it just recently went public and does not have a long/significant public trading history. No companies were excluded from the Peer Group Index for these calculations and all companies were equally-weighted for averaging purposes. For the Russell 2000 Index, multiples history was obtained directly from Capital IQ. The Russell 2000 Index multiples are market-cap weighted.
(11)Historical acquisition multiples data was obtained from Capital IQ. The Q1 2014 market multiple represents the average of the median transaction multiples with deal sizes greater than $500MM and excludes the energy, financials, and utilities sectors. The multiple for Ambrose was calculated from data contained within TriNet’s amended S-1 filing on 3/14/14. TriNet’s multiple was calculated as of 4/17/14 and is adjusted for the pro forma cash and debt balances, as well as share count, provided on TriNet’s 424B4 filing on 3/27/14.
(12)Total shareholder returns data was obtained from Capital IQ. Total shareholder returns are adjusted to include dividend payments and assume that dividends are reinvested into the stock as of the pay-

 

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date. The Russell 2000 Total Return Index also includes dividend reinvestment. The Peer Group Index is equal-weighted, whereas the Russell 2000 Total Return Index is market-cap weighted.

 

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Exhibit 1

 

(see attached)

 

 
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KEDC   Austin Executive   Austin, TX   2012-03-12 11:27AM CDT   2012-03-12 11:49AM CDT   0:22
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KEDC   Austin Executive   Austin, TX   2012-03-12 11:27AM CDT   2012-03-12 11:27AM CDT   n/a
N742SP   E135   KEDC   Austin Executive   Austin, TX   KGPI   Glacier Park Intl   Kalispell, MT   2012-03-12 12:53PM CDT   2012-03-12 03:26PM MDT   3:33
N742SP   E135   KGPI   Glacier Park Intl   Kalispell, MT   KEDC   Austin Executive   Austin, TX   2012-03-15 10:53AM MDT   2012-03-15 03:02PM CDT   3:09
N742SP   E135   KEDC   Austin Executive   Austin, TX   KCXO   Lone Star Executive   Houston, TX   2012-03-15 03:38PM CDT   2012-03-15 04:03PM CDT   0:25
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2012-03-19 09:04AM CDT   2012-03-19 01:09PM EDT   3:05
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2012-03-20 05:22PM EDT   2012-03-20 07:44PM CDT   3:22
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-03-22 07:37AM CDT   2012-03-22 10:14AM EDT   1:37
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-03-25 04:34PM EDT   2012-03-25 05:17PM CDT   1:43
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-03-25 05:50PM CDT   2012-03-25 06:31PM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-03-25 07:05PM CDT   2012-03-25 08:11PM PDT   3:06
N742SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KSFO   San Francisco Intl   San Francisco, CA   2012-03-28 08:46AM PDT   2012-03-28 09:01AM PDT   0:14
N742SP   E135   KSFO   San Francisco Intl   San Francisco, CA   KCXO   Lone Star Executive   Houston, TX   2012-03-28 04:57PM PDT   2012-03-28 10:15PM CDT   3:18
N742SP   E135   KCXO   Lone Star Executive   Washington, DC   KIAD   Washington Dulles Intl   Washington, DC   2012-04-01 08:54AM CDT   2012-04-01 12:29PM EDT   2:35
N742SP   E135   KIAD   Washington Dulles Intl   Washington, DC   KORF   Norfolk Intl   Norfolk, VA   2012-04-01 01:23PM EDT   2012-04-01 01:55PM EDT   0:32
N742SP   E135   KORF   Norfolk Intl   Norfolk, VA   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-01 02:40PM EDT   2012-04-01 03:37PM EDT   0:57
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KORD   Chicago O'Hare Intl   Chicago, IL   2012-04-01 05:28PM EDT   2012-04-01 06:26PM CDT   1:58
N742SP   E135   KORD   Chicago O'Hare Intl   Chicago, IL   KIND   Indianapolis Intl   Indianapolis, IN   2012-04-02 11:59AM CDT   2012-04-02 01:25PM EDT   0:26
N742SP   E135   KIND   Indianapolis Intl   Indianapolis, IN   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-02 02:15PM EDT   2012-04-02 03:29PM EDT   1:14
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KORF   Norfolk Intl   Norfolk, VA   2012-04-02 05:34PM EDT   2012-04-02 06:37PM EDT   1:03
N742SP   E135   KORF   Norfolk Intl   Norfolk, VA   KIAD   Washington Dulles Intl   Washington, DC   2012-04-02 07:05PM EDT   2012-04-02 07:51PM EDT   0:46
N742SP   E135   KIAD   Washington Dulles Intl   Washington, DC   KCXO   Lone Star Executive   Houston, TX   2012-04-02 08:34PM EDT   2012-04-02 10:06PM CDT   2:32
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-03 12:48PM CDT   2012-04-03 03:35PM EDT   1:47
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KIND   Indianapolis Intl   Indianapolis, IN   2012-04-03 05:52PM EDT   2012-04-03 07:02PM EDT   1:10
N742SP   E135   KIND   Indianapolis Intl   Indianapolis, IN   KORD   Chicago O'Hare Intl   Chicago, IL   2012-04-03 07:38PM EDT   2012-04-03 07:22PM CDT   0:44
N742SP   E135   KORD   Chicago O'Hare Intl   Chicago, IL   KSAT   San Antonio Intl   San Antonio, TX   2012-04-03 08:08PM CDT   2012-04-03 10:40PM CDT   2:32
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KDFW   Dallas/Fort Worth Intl   Dallas-Fort Worth, TX   2012-04-04 11:15AM CDT   2012-04-04 11:59AM CDT   0:44
N742SP   E135   KDFW   Dallas/Fort Worth Intl   Dallas-Fort Worth, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-04 12:59PM CDT   2012-04-04 03:42PM EDT   1:43
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-04-04 05:22PM EDT   2012-04-04 06:18PM CDT   1:56
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2012-04-04 07:05PM CDT   2012-04-04 11:04PM EDT   2:59
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KMQS   Chester County G O Carlson   Coatesville, PA   2012-04-05 01:22PM EDT   2012-04-05 01:51PM EDT   0:29
N742SP   E135   KMQS   Chester County G O Carlson   Coatesville, PA   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-05 02:12PM EDT   2012-04-05 03:46PM EDT   1:34
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KSAT   San Antonio Intl   San Antonio, TX   2012-04-05 05:53PM EDT   2012-04-05 07:07PM CDT   2:14
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KDFW   Dallas/Fort Worth Intl   Dallas-Fort Worth, TX   2012-04-05 07:41PM CDT   2012-04-05 08:24PM CDT   0:43
N742SP   E135   KDFW   Dallas/Fort Worth Intl   Dallas-Fort Worth, TX   KTKI   McKinney National   Dallas, TX   2012-04-05 09:04PM CDT   2012-04-05 09:13PM CDT   0:08
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-04-06 11:41AM CDT   2012-04-06 12:19PM CDT   0:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-06 01:03PM CDT   2012-04-06 03:46PM EDT   1:43
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KMQS   Chester County G O Carlson   Coatesville, PA   2012-04-06 06:16PM EDT   2012-04-06 07:41PM EDT   1:25
N742SP   E135   KMQS   Chester County G O Carlson   Coatesville, PA   KTEB   Teterboro   Teterboro, NJ   2012-04-06 08:09PM EDT   2012-04-06 08:27PM EDT   0:18
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2012-04-06 09:29PM EDT   2012-04-06 11:30PM CDT   3:01
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-08 02:28PM CDT   2012-04-08 05:06PM EDT   1:38
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KTKI   McKinney National   Dallas, TX   2012-04-08 09:41PM EDT   2012-04-08 10:49PM CDT   2:08
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-04-08 11:13PM CDT   2012-04-08 11:46PM CDT   0:33
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KPHL   Philadelphia Intl   Philadelphia, PA   2012-04-15 01:15PM CDT   2012-04-15 04:57PM EDT   2:42
N742SP   E135   KPHL   Philadelphia Intl   Philadelphia, PA   KCXO   Lone Star Executive   Houston, TX   2012-04-18 10:02AM EDT   2012-04-18 12:08PM CDT   3:06
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-04-19 11:42AM CDT   2012-04-19 12:23PM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-04-21 08:19AM CDT   2012-04-21 08:56AM CDT   0:37
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-04-27 05:23PM CDT   2012-04-27 06:04PM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-04-29 10:22PM CDT   2012-04-29 11:03PM CDT   0:41
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2012-05-03 02:35PM CDT   2012-05-03 03:19PM CDT   0:44
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-05-03 05:05PM CDT   2012-05-03 05:34PM CDT   0:29
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2012-05-03 10:27PM CDT   2012-05-03 11:08PM CDT   0:41
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KOUN   Univ of OK Arpt   Norman, OK   2012-05-03 11:04PM CDT   2012-05-03 11:04PM CDT   n/a
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-05-03 11:38PM CDT   2012-05-04 12:05AM CDT   0:27
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-05-07 02:08PM CDT   2012-05-07 04:47PM EDT   1:39
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-05-09 01:26PM EDT   2012-05-09 02:33PM CDT   2:07
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2012-05-13 02:34PM CDT   2012-05-13 02:45PM CDT   0:11
N742SP   E135   KHOU   William P Hobby   Houston, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2012-05-13 04:23PM CDT   2012-05-13 04:55PM CDT   0:32
N742SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KTEB   Teterboro   Teterboro, NJ   2012-05-13 05:29PM CDT   2012-05-13 09:36PM EDT   3:07
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KBOS   Boston Logan Intl   Boston, MA   2012-05-15 06:45PM EDT   2012-05-15 07:19PM EDT   0:34
N742SP   E135   KBOS   Boston Logan Intl   Boston, MA   KVNY   Van Nuys   Van Nuys, CA   2012-05-16 04:44PM EDT   2012-05-16 07:39PM PDT   5:55
N742SP   E135   KVNY   Van Nuys   Van Nuys, CA   KSFO   San Francisco Intl   San Francisco, CA   2012-05-17 12:57PM PDT   2012-05-17 01:50PM PDT   0:53
N742SP   E135   KSFO   San Francisco Intl   San Francisco, CA   KDAL   Dallas Love Field   Dallas, TX   2012-05-18 09:54AM PDT   2012-05-18 02:49PM CDT   2:55
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KHOU   William P Hobby   Houston, TX   2012-05-18 03:20PM CDT   2012-05-18 04:05PM CDT   0:45
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-05-18 04:29PM CDT   2012-05-18 04:40PM CDT   0:11

 

12
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MYNN   Lynden Pindling Int'l (Nassau)   Nassau   2012-05-30 12:02PM CDT   2012-05-30 03:22PM EDT   2:20
N742SP   E135   MYNN   Lynden Pindling Int'l (Nassau)   Nassau   KFXE   Fort Lauderdale Executive   Fort Lauderdale, FL   2012-06-03 02:23PM EDT   2012-06-03 02:54PM EDT   0:31
N742SP   E135   KFXE   Fort Lauderdale Executive   Fort Lauderdale, FL   KCXO   Lone Star Executive   Houston, TX   2012-06-03 04:11PM EDT   2012-06-03 05:34PM CDT   2:23
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-06-06 08:40AM CDT   2012-06-06 11:22AM EDT   1:42
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-06-08 02:14PM EDT   2012-06-08 03:08PM CDT   1:54
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2012-06-10 03:29PM CDT   2012-06-10 11:00PM NDT   5:01
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2012-06-11 12:02AM NDT   2012-06-11 03:32AM BST   n/a
N742SP     EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2012-06-17 07:42PM BST   2012-06-17 08:44PM NDT   4:32
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KBGR   Bangor Intl   Bangor, ME   2012-06-17 09:53PM NDT   2012-06-17 09:53PM EDT   1:30
N742SP   E135   KBGR   Bangor Intl   Bangor, ME   KCXO   Lone Star Executive   Houston, TX   2012-06-17 10:30PM EDT   2012-06-18 01:08AM CDT   3:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-06-18 03:10PM CDT   2012-06-18 03:45PM CDT   0:35
N742SP   E135   KTKI   McKinney National   Dallas, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2012-06-18 04:33PM CDT   2012-06-19 12:07AM NDT   5:04
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   LIRA   Ciampino (Giovan Battista Pastine)   Rome   2012-06-19 01:53AM NDT   2012-06-19 06:23AM CEST   n/a
N742SP   E135   EINN   Shannon   Shannon, County Clare   KBGR   Bangor Intl   Bangor, ME   2012-06-25 03:22PM BST   2012-06-25 04:04PM EDT   5:42
N742SP   E135   KBGR   Bangor Intl   Bangor, ME   KTKI   McKinney National   Dallas, TX   2012-06-25 04:59PM EDT   2012-06-25 07:39PM CDT   3:40
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-06-25 08:38PM CDT   2012-06-25 09:14PM CDT   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-06-26 11:33AM CDT   2012-06-26 02:12PM EDT   1:39
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-06-28 12:22PM EDT   2012-06-28 01:02PM CDT   1:40
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDPA   Dupage   Chicago/West Chicago, IL   2012-06-29 09:10AM CDT   2012-06-29 11:01AM CDT   1:51
N742SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2012-07-01 07:05PM CDT   2012-07-01 09:03PM CDT   1:58
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2012-07-06 09:44AM CDT   2012-07-06 09:55AM CDT   0:11
N742SP   E135   KHOU   William P Hobby   Houston, TX   KBPT   Jack Brooks Rgnl   Beaumont/Port Arthur, TX   2012-07-06 02:15PM CDT   2012-07-06 02:41PM CDT   0:26
N742SP   E135   KBPT   Jack Brooks Rgnl   Beaumont/Port Arthur, TX   KHOU   William P Hobby   Houston, TX   2012-07-06 03:02PM CDT   2012-07-06 03:24PM CDT   0:22
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-06 04:17PM CDT   2012-07-06 04:28PM CDT   0:11
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-06 04:18PM CDT   2012-07-06 04:18PM CDT   n/a
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSPW   Spencer Muni   Spencer, IA   2012-07-07 08:36AM CDT   2012-07-07 10:53AM CDT   2:17
N742SP   E135   KSPW   Spencer Muni   Spencer, IA   KDWH   Hooks Mem Arpt   Houston, TX   2012-07-07 11:55AM CDT   2012-07-07 02:04PM CDT   2:09
N742SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-07 02:44PM CDT   2012-07-07 02:50PM CDT   0:06
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KLAX   Los Angeles Intl   Los Angeles, CA   2012-07-10 10:19AM CDT   2012-07-10 11:19AM PDT   3:00
N742SP   E135   KLAX   Los Angeles Intl   Los Angeles, CA   KCXO   Lone Star Executive   Houston, TX   2012-07-10 03:45PM PDT   2012-07-10 08:44PM CDT   2:59
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTVC   Cherry Capital   Traverse City, MI   2012-07-12 12:23PM CDT   2012-07-12 03:42PM EDT   2:19
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-07-12 12:23PM CDT   2012-07-12 12:23PM CDT   0:00
N742SP   E135   KTVC   Cherry Capital   Traverse City, MI   KCXO   Lone Star Executive   Houston, TX   2012-07-12 04:40PM EDT   2012-07-12 06:10PM CDT   2:30
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-07-13 03:30PM CDT   2012-07-13 04:11PM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KFYV   Drake Field   Fayetteville, AR   2012-07-13 04:48PM CDT   2012-07-13 05:31PM CDT   0:43
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KTVC   Cherry Capital   Traverse City, MI   2012-07-13 06:23PM CDT   2012-07-13 09:06PM EDT   1:43
N742SP   E135   KTVC   Cherry Capital   Traverse City, MI   KCXO   Lone Star Executive   Houston, TX   2012-07-14 08:56AM EDT   2012-07-14 10:46AM CDT   2:50
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KFYV   Drake Field   Fayetteville, AR   2012-07-14 12:19PM CDT   2012-07-14 02:12PM CDT   1:53
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2012-07-15 07:50PM CDT   2012-07-15 08:30PM CDT   0:40
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-15 08:59PM CDT   2012-07-15 09:37PM CDT   0:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDPA   Dupage   Chicago/West Chicago, IL   2012-07-16 08:30AM CDT   2012-07-16 10:28AM CDT   1:58
N742SP   E135   KDPA   Dupage   Chicago/West Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2012-07-19 12:52PM CDT   2012-07-19 02:57PM CDT   2:05
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-07-19 06:02PM CDT   2012-07-19 06:43PM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-19 07:05PM CDT   2012-07-19 07:10PM CDT   0:04
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-19 07:06PM CDT   2012-07-19 07:39PM CDT   0:33
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2012-07-20 03:41PM CDT   2012-07-20 11:08PM NDT   4:57
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2012-07-21 12:14AM NDT   2012-07-21 03:44AM BST   n/a
N742SP     EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2012-07-25 03:04PM BST   2012-07-25 04:41PM NDT   5:07
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KBGR   Bangor Intl   Bangor, ME   2012-07-25 05:31PM NDT   2012-07-25 05:44PM EDT   1:43
N742SP   E135   KBGR   Bangor Intl   Bangor, ME   KCXO   Lone Star Executive   Houston, TX   2012-07-25 06:27PM EDT   2012-07-25 09:12PM CDT   3:45
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-07-27 01:18PM CDT   2012-07-27 01:58PM CDT   0:40
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2012-07-27 01:18PM CDT   2012-07-27 01:18PM CDT   n/a
N742SP   E135   KTKI   McKinney National   Dallas, TX   KFYV   Drake Field   Fayetteville, AR   2012-07-27 02:46PM CDT   2012-07-27 03:31PM CDT   0:45
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2012-07-29 03:35PM CDT   2012-07-29 04:12PM CDT   0:37
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-29 06:31PM CDT   2012-07-29 07:06PM CDT   0:35
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2012-07-29 07:43PM CDT   2012-07-29 10:33PM EDT   1:50
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2012-08-10 05:08PM EDT   2012-08-10 06:02PM CDT   1:54
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-08-17 09:56AM CDT   2012-08-17 10:37AM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KFYV   Drake Field   Fayetteville, AR   2012-08-17 02:04PM CDT   2012-08-17 02:48PM CDT   0:44
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KSPW   Spencer Muni   Spencer, IA   2012-08-17 03:17PM CDT   2012-08-17 04:29PM CDT   1:12
N742SP   E135   KSPW   Spencer Muni   Spencer, IA   KDWH   Hooks Mem Arpt   Houston, TX   2012-08-18 12:13PM CDT   2012-08-18 02:24PM CDT   2:11
N742SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KFYV   Drake Field   Fayetteville, AR   2012-08-19 12:51PM CDT   2012-08-19 02:03PM CDT   1:12
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2012-08-19 05:05PM CDT   2012-08-19 05:42PM CDT   0:37
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-08-19 06:14PM CDT   2012-08-19 06:47PM CDT   0:33
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-08-23 05:30PM CDT   2012-08-23 06:10PM CDT   0:40

 

13
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-08-26 10:13PM CDT   2012-08-26 10:49PM CDT   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-08-29 11:05AM CDT   2012-08-29 11:46AM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KAPA   Centennial   Denver, CO   2012-08-29 12:10PM CDT   2012-08-29 12:39PM MDT   1:29
N742SP   E135   KAPA   Centennial   Denver, CO   KSAT   San Antonio Intl   San Antonio, TX   2012-08-30 10:18PM MDT   2012-08-30 11:18PM CDT   n/a
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-08-31 04:30PM CDT   2012-08-31 05:12PM CDT   0:42
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-03 07:12PM CDT   2012-09-03 07:49PM CDT   0:37
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KPHL   Philadelphia Intl   Philadelphia, PA   2012-09-06 06:20AM CDT   2012-09-06 10:12AM EDT   2:52
N742SP   E135   KPHL   Philadelphia Intl   Philadelphia, PA   KMMU   Morristown Muni   Morristown, NJ   2012-09-06 07:05PM EDT   2012-09-06 07:31PM EDT   0:26
N742SP   E135   KMMU   Morristown Muni   Morristown, NJ   KCXO   Lone Star Executive   Houston, TX   2012-09-07 03:26PM EDT   2012-09-07 05:28PM CDT   3:02
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-09-07 05:58PM CDT   2012-09-07 06:40PM CDT   0:42
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-09 09:38PM CDT   2012-09-09 10:16PM CDT   0:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2012-09-11 02:17PM CDT   2012-09-11 06:09PM EDT   2:52
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2012-09-12 05:25PM EDT   2012-09-12 07:20PM CDT   2:55
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSY   New Orleans Intl   New Orleans, LA   2012-09-13 08:30AM CDT   2012-09-13 09:18AM CDT   0:48
N742SP   E135   KMSY   New Orleans Intl   New Orleans, LA   KBZN   Bozeman Yellowstone Intl   Bozeman, MT   2012-09-13 10:38AM CDT   2012-09-13 01:03PM MDT   3:25
N742SP   E135   KBZN   Bozeman Yellowstone Intl   Bozeman, MT   KHOU   William P Hobby   Houston, TX   2012-09-20 07:57AM MDT   2012-09-20 11:45AM CDT   2:48
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-20 12:29PM CDT   2012-09-20 12:40PM CDT   0:11
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KCOS   Colorado Sprgs Muni   Colorado Springs, CO   2012-09-21 12:12PM CDT   2012-09-21 01:02PM MDT   1:50
N742SP   E135   KCOS   Colorado Sprgs Muni   Colorado Springs, CO   KCXO   Lone Star Executive   Houston, TX   2012-09-21 01:41PM MDT   2012-09-21 04:22PM CDT   1:41
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-09-22 02:49PM CDT   2012-09-22 04:00PM CDT   1:11
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-23 08:09PM CDT   2012-09-23 08:51PM CDT   0:42
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-09-24 09:28AM CDT   2012-09-24 12:07PM EDT   1:39
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-09-24 12:45PM EDT   2012-09-24 01:36PM CDT   1:51
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2012-09-25 07:37AM CDT   2012-09-25 08:18AM CDT   0:41
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-25 11:30AM CDT   2012-09-25 12:07PM CDT   0:37
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-09-27 09:33AM CDT   2012-09-27 12:13PM EDT   1:40
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-09-27 12:59PM EDT   2012-09-27 01:44PM CDT   1:45
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KRYY   Cobb County   Atlanta, GA   2012-09-28 07:24AM CDT   2012-09-28 09:58AM EDT   1:34
N742SP   E135   KRYY   Cobb County   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2012-09-28 12:45PM EDT   2012-09-28 01:23PM CDT   1:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHDN   Yampa Valley   Hayden, CO   2012-09-29 09:34AM CDT   2012-09-29 08:34AM MDT   n/a
N742SP   E135   KDWX   Dixon   Dixon, WY   KHOU   William P Hobby   Houston, TX   2012-09-29 12:01PM MDT   2012-09-29 03:15PM CDT   2:14
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-29 03:50PM CDT   2012-09-29 04:10PM CDT   0:20
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSY   New Orleans Intl   New Orleans, LA   2012-09-30 10:21AM CDT   2012-09-30 11:04AM CDT   0:43
N742SP   E135   KMSY   New Orleans Intl   New Orleans, LA   KHOU   William P Hobby   Houston, TX   2012-09-30 01:10PM CDT   2012-09-30 02:10PM CDT   1:00
N742SP   E135   KHOU   William P Hobby   Houston, TX   KFWS   Fort Worth Spinks   Fort Worth, TX   2012-09-30 02:33PM CDT   2012-09-30 03:18PM CDT   0:45
N742SP   E135   KFWS   Fort Worth Spinks   Fort Worth, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-30 03:51PM CDT   2012-09-30 04:36PM CDT   0:45
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2012-10-02 07:16AM CDT   2012-10-02 02:10PM NDT   4:24
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGGW   London Luton   London, England   2012-10-02 02:56PM NDT   2012-10-02 06:26PM BST   n/a
N742SP   E135   EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2012-10-07 02:48PM BST   2012-10-07 04:11PM NDT   4:53
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KBGR   Bangor Intl   Bangor, ME   2012-10-07 04:51PM NDT   2012-10-07 05:19PM EDT   1:58
N742SP   E135   KBGR   Bangor Intl   Bangor, ME   KCXO   Lone Star Executive   Houston, TX   2012-10-07 05:55PM EDT   2012-10-07 09:18PM CDT   4:23
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-10-11 04:11PM CDT   2012-10-11 04:57PM CDT   0:46
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-10-14 03:16PM CDT   2012-10-14 03:55PM CDT   0:39
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSY   New Orleans Intl   New Orleans, LA   2012-10-16 09:49AM CDT   2012-10-16 10:29AM CDT   0:40
N742SP   E135   KMSY   New Orleans Intl   New Orleans, LA   KTEB   Teterboro   Teterboro, NJ   2012-10-16 12:10PM CDT   2012-10-16 03:36PM EDT   2:26
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2012-10-16 04:44PM EDT   2012-10-16 07:04PM CDT   3:20
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSTL   Lambert-St Louis Intl   St Louis, MO   2012-10-18 07:54AM CDT   2012-10-18 09:31AM CDT   1:37
N742SP   E135   KSTL   Lambert-St Louis Intl   St Louis, MO   KCXO   Lone Star Executive   Houston, TX   2012-10-19 10:51AM CDT   2012-10-19 12:23PM CDT   1:32
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2012-10-21 10:05AM CDT   2012-10-21 02:03PM EDT   2:58
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KMSY   New Orleans Intl   New Orleans, LA   2012-10-21 03:13PM EDT   2012-10-21 04:47PM CDT   2:34
N742SP   E135   KMSY   New Orleans Intl   New Orleans, LA   KCXO   Lone Star Executive   Houston, TX   2012-10-21 05:20PM CDT   2012-10-21 06:03PM CDT   0:43
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSAT   San Antonio Intl   San Antonio, TX   2012-10-23 02:44PM CDT   2012-10-23 03:22PM CDT   0:38
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KCXO   Lone Star Executive   Houston, TX   2012-10-25 01:38PM CDT   2012-10-25 02:15PM CDT   0:37
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-10-27 10:33PM CDT   2012-10-27 11:11PM CDT   0:38
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-10-28 09:48PM CDT   2012-10-28 10:19PM CDT   0:31
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KIAH   Houston Bush Int'ctl   Houston, TX   2012-10-30 09:16AM CDT   2012-10-30 09:24AM CDT   0:08
N742SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   KVNY   Van Nuys   Van Nuys, CA   2012-10-30 12:53PM CDT   2012-10-30 02:05PM PDT   3:12
N742SP   E135   KVNY   Van Nuys   Van Nuys, CA   KIAH   Houston Bush Int'ctl   Houston, TX   2012-10-31 01:00PM PDT   2012-10-31 05:52PM CDT   2:52
N742SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-10-31 06:34PM CDT   2012-10-31 06:42PM CDT   0:08
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-11-02 11:09AM CDT   2012-11-02 11:49AM CDT   0:40
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-11-02 11:09AM CDT   2012-11-02 11:09AM CDT   n/a
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-11-02 04:21PM CDT   2012-11-02 05:00PM CDT   0:39
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-11-02 05:02PM CDT   2012-11-02 05:00PM CDT   n/a
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-11-04 07:22PM CST   2012-11-04 08:03PM CST   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-11-04 09:39PM CST   2012-11-04 10:15PM CST   0:36

 

14
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2012-11-08 07:02AM CST   2012-11-08 09:50AM EST   1:48
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2012-11-09 12:45PM EST   2012-11-09 01:19PM EST   0:34
N742SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KAGS   Augusta Regional   Augusta, GA   2012-11-09 02:28PM EST   2012-11-09 03:00PM EST   0:32
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2012-11-11 02:18PM EST   2012-11-11 02:55PM EST   0:37
N742SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KTEB   Teterboro   Teterboro, NJ   2012-11-11 03:40PM EST   2012-11-11 05:27PM EST   1:47
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2012-11-11 06:13PM EST   2012-11-11 08:42PM CST   3:29
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-11-12 02:06PM CST   2012-11-12 04:43PM EST   1:37
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KPBI   Palm Beach Intl   West Palm Beach, FL   2012-11-15 03:08PM EST   2012-11-15 04:22PM EST   1:14
N742SP   E135   KPBI   Palm Beach Intl   West Palm Beach, FL   KCXO   Lone Star Executive   Houston, TX   2012-11-15 04:46PM EST   2012-11-15 06:01PM CST   2:15
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-11-16 01:15PM CST   2012-11-16 02:01PM CST   0:46
N742SP   E135   KTKI   McKinney National   Dallas, TX   KFYV   Drake Field   Fayetteville, AR   2012-11-16 02:43PM CST   2012-11-16 03:27PM CST   0:44
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2012-11-18 02:52PM CST   2012-11-18 03:29PM CST   0:37
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-11-18 04:02PM CST   2012-11-18 04:41PM CST   0:39
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2012-11-20 06:23AM CST   2012-11-20 06:39AM CST   0:16
N742SP   E135   KHOU   William P Hobby   Houston, TX   TNCM   Princess Juliana Int'l   St Martin   2012-11-20 08:41AM CST   2012-11-20 02:35PM AST   3:54
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP   E135   TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP   E135   TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 04:29PM CST   5:10
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP   E135   TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP     TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 11:19AM CST   n/a
N742SP   E135   TNCM   Princess Juliana Int'l   St Martin   KHOU   William P Hobby   Houston, TX   2012-11-25 01:19PM AST   2012-11-25 04:28PM CST   5:08
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-11-28 12:39PM CST   2012-11-28 12:50PM CST   0:11
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KRYY   Cobb County   Atlanta, GA   2012-11-30 08:17AM CST   2012-11-30 10:53AM EST   1:36
N742SP   E135   KRYY   Cobb County   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2012-11-30 01:54PM EST   2012-11-30 02:32PM CST   1:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-12-05 08:08AM CST   2012-12-05 10:52AM EST   1:44
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-12-06 03:01PM EST   2012-12-06 03:57PM CST   1:56
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2012-12-08 08:31AM CST   2012-12-08 08:49AM CST   0:18
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCOT   Cotulla-La Salle County   Cotulla, TX   2012-12-08 09:39AM CST   2012-12-08 09:39AM CST   n/a
N742SP   E135   KCOT   Cotulla-La Salle County   Cotulla, TX   KCRP   Corpus Christi Intl   Corpus Christi, TX   2012-12-08 11:35AM CST   2012-12-08 12:04PM CST   0:29
N742SP   E135   KCRP   Corpus Christi Intl   Corpus Christi, TX   KHOU   William P Hobby   Houston, TX   2012-12-08 04:10PM CST   2012-12-08 04:46PM CST   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2012-12-11 07:20AM CST   2012-12-11 09:57AM EST   1:37
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2012-12-12 03:14PM EST   2012-12-12 04:16PM CST   2:02
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KONT   Ontario Intl   Ontario, CA   2012-12-13 09:28AM CST   2012-12-13 10:43AM PST   3:15
N742SP   E135   KONT   Ontario Intl   Ontario, CA   KCXO   Lone Star Executive   Houston, TX   2012-12-13 02:02PM PST   2012-12-13 06:39PM CST   2:37
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2012-12-14 10:10AM CST   2012-12-14 10:49AM CST   0:39
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-12-14 01:35PM CST   2012-12-14 02:11PM CST   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDFW   Dallas/Fort Worth Intl   Dallas-Fort Worth, TX   2012-12-21 02:10PM CST   2012-12-21 02:48PM CST   0:38
N742SP   E135   KDFW   Dallas/Fort Worth Intl   Dallas-Fort Worth, TX   MMPR   Lic. Gustavo Diaz Ordaz Int'l   Puerto Vallarta, Jalisco   2012-12-21 04:12PM CST   2012-12-21 04:12PM CST   n/a
N742SP   E135   MMPR   Lic. Gustavo Diaz Ordaz Int'l   Puerto Vallarta, Jalisco   KLRD   Laredo Intl   Laredo, TX   2012-12-21 07:30PM CST   2012-12-21 07:30PM CST   n/a
N742SP   E135   KLRD   Laredo Intl   Laredo, TX   KCXO   Lone Star Executive   Houston, TX   2012-12-21 09:33PM CST   2012-12-21 10:17PM CST   0:44
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHYI   San Marcos Muni   San Marcos, TX   2012-12-26 10:54AM CST   2012-12-26 10:54AM CST   n/a
N742SP     KCXO   Lone Star Executive   Houston, TX   KHYI   San Marcos Muni   San Marcos, TX   2012-12-26 10:54AM CST   2012-12-26 11:27AM CST   0:33
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHYI   San Marcos Muni   San Marcos, TX   2012-12-26 10:54AM CST   2012-12-26 11:27AM CST   0:33
N742SP     KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a
N742SP     KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 03:33PM EST   2:02
N742SP     KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a
N742SP   E135   KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a
N742SP     KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a
N742SP   E135   KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a

 

15
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 03:30PM EST   1:59
N742SP     KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a
N742SP     KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a
N742SP     KHYI   San Marcos Muni   San Marcos, TX   KEYW   Key West Intl   Key West, FL   2012-12-26 12:31PM CST   2012-12-26 01:31PM EST   n/a
N742SP     KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 03:22PM CST   n/a
N742SP     KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 03:22PM CST   n/a
N742SP   E135   KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 03:22PM CST   n/a
N742SP     KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 03:22PM CST   n/a
N742SP     KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 03:22PM CST   n/a
N742SP     KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 05:44PM CST   2:22
N742SP     KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 03:22PM CST   n/a
N742SP   E135   KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 03:22PM CST   n/a
N742SP   E135   KEYW   Key West Intl   Key West, FL   KCXO   Lone Star Executive   Houston, TX   2012-12-26 04:22PM EST   2012-12-26 05:44PM CST   2:22
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KIAH   Houston Bush Int'ctl   Houston, TX   2012-12-29 08:52AM CST   2012-12-29 09:03AM CST   0:11
N742SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   MRLB   Daniel Oduber Int'l   Liberia (Costa Rica)   2012-12-29 11:24AM CST   2012-12-29 11:24AM CST   n/a
N742SP   E135   MRLB   Daniel Oduber Int'l   Liberia   KHOU   William P Hobby   Houston, TX   2012-12-29 03:28PM CST   2012-12-29 06:37PM CST   3:08
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-12-29 07:04PM CST   2012-12-29 07:17PM CST   0:13
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KEYW   Key West Intl   Key West, FL   2013-01-01 09:45AM CST   2013-01-01 10:45AM EST   n/a
N742SP   E135   KEYW   Key West Intl   Key West, FL   KHYI   San Marcos Muni   San Marcos, TX   2013-01-01 01:53PM EST   2013-01-01 03:25PM CST   2:32
N742SP   E135   KHYI   San Marcos Muni   San Marcos, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-01 04:19PM CST   2013-01-01 04:48PM CST   0:29
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MRLB   Daniel Oduber Int'l   Liberia (Costa Rica)   2013-01-05 06:01AM CST   2013-01-05 06:01AM CST   n/a
N742SP   E135   MRLB   Daniel Oduber Int'l   Liberia   KIAH   Houston Bush Int'ctl   Houston, TX   2013-01-05 11:08AM CST   2013-01-05 02:16PM CST   3:07
N742SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-05 03:19PM CST   2013-01-05 03:31PM CST   0:12
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KCRP   Corpus Christi Intl   Corpus Christi, TX   2013-01-09 08:29AM CST   2013-01-09 09:18AM CST   0:49
N742SP   E135   KCRP   Corpus Christi Intl   Corpus Christi, TX   KHOU   William P Hobby   Houston, TX   2013-01-09 10:19AM CST   2013-01-09 10:55AM CST   0:36
N742SP   E135   KHOU   William P Hobby   Houston, TX   KEGE   Eagle County Rgnl   Eagle, CO   2013-01-09 11:40AM CST   2013-01-09 10:40AM MST   n/a
N742SP   E135   KEGE   Eagle County Rgnl   Eagle, CO   KLRD   Laredo Intl   Laredo, TX   2013-01-09 01:46PM MST   2013-01-09 02:46PM CST   n/a
N742SP   E135   KLRD   Laredo Intl   Laredo, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-09 05:50PM CST   2013-01-09 06:35PM CST   0:45
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-01-11 10:33AM CST   2013-01-11 11:14AM CST   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-11 04:34PM CST   2013-01-11 05:12PM CST   0:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-01-13 05:11PM CST   2013-01-13 05:51PM CST   0:40
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-14 07:49AM CST   2013-01-14 08:37AM CST   0:48
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-01-17 07:46AM CST   2013-01-17 10:31AM EST   1:45
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2013-01-18 03:16PM EST   2013-01-18 04:21PM CST   2:05
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-01-18 04:57PM CST   2013-01-18 05:39PM CST   0:42
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-20 10:12PM CST   2013-01-20 10:53PM CST   0:41
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MBPV   Providenciales Int'l   Providenciales (Turks and Caicos)   2013-01-21 09:25AM CST   2013-01-21 01:14PM EST   2:49
N742SP   E135   MBPV   Providenciales Int'l   Providenciales   KHOU   William P Hobby   Houston, TX   2013-01-26 10:46AM EST   2013-01-26 01:21PM CST   3:35
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-26 01:46PM CST   2013-01-26 01:58PM CST   0:12
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-01-26 02:27PM CST   2013-01-26 03:09PM CST   0:42
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-27 09:12PM CST   2013-01-27 09:51PM CST   0:39
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2013-01-30 11:07AM EST   2013-01-30 10:07AM CST   n/a
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-02-01 07:45AM CST   2013-02-01 08:01AM CST   0:16
N742SP   E135   KHOU   William P Hobby   Houston, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2013-02-01 10:26AM CST   2013-02-01 10:59AM CST   0:33
N742SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KHOU   William P Hobby   Houston, TX   2013-02-01 11:27AM CST   2013-02-01 12:01PM CST   0:34
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-01 01:19PM CST   2013-02-01 01:42PM CST   0:23
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-02-01 05:15PM CST   2013-02-01 06:02PM CST   0:47
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-01 06:21PM CST   2013-02-01 07:03PM CST   0:42
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSUA   Witham Field   Stuart, FL   2013-02-02 09:01AM CST   2013-02-02 11:54AM EST   1:53
N742SP   E135   KSUA   Witham Field   Stuart, FL   KCXO   Lone Star Executive   Houston, TX   2013-02-03 05:14PM EST   2013-02-03 06:40PM CST   2:26
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   2013-02-04 07:52AM CST   2013-02-04 09:04AM CST   1:12
N742SP   E135   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   KCXO   Lone Star Executive   Houston, TX   2013-02-10 12:02PM CST   2013-02-10 01:47PM CST   1:45
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2013-02-12 08:10AM CST   2013-02-12 08:55AM CST   0:45
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KAPF   Naples Muni   Naples, FL   2013-02-12 12:06PM CST   2013-02-12 03:07PM EST   2:01
N742SP   E135   KAPF   Naples Muni   Naples, FL   KDAL   Dallas Love Field   Dallas, TX   2013-02-15 02:29PM EST   2013-02-15 04:18PM CST   2:49
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-15 04:44PM CST   2013-02-15 05:21PM CST   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KMMU   Morristown Muni   Morristown, NJ   2013-02-18 05:49PM CST   2013-02-18 09:24PM EST   2:35
N742SP   E135   KMMU   Morristown Muni   Morristown, NJ   KCXO   Lone Star Executive   Houston, TX   2013-02-19 04:04PM EST   2013-02-19 06:36PM CST   3:32
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-02-20 07:03AM CST   2013-02-20 09:36AM EST   1:33
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2013-02-21 03:00PM EST   2013-02-21 04:25PM CST   2:25
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2013-02-25 02:29PM CST   2013-02-25 06:15PM EST   2:46
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2013-02-26 04:52PM EST   2013-02-26 07:22PM CST   3:30
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KFYV   Drake Field   Fayetteville, AR   2013-03-02 09:50AM CST   2013-03-02 10:56AM CST   1:06
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KHOU   William P Hobby   Houston, TX   2013-03-02 11:53AM CST   2013-03-02 01:04PM CST   1:11
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-02 01:44PM CST   2013-03-02 02:01PM CST   0:17

 

16
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MYNN   Lynden Pindling Int'l (Nassau)   Nassau (Bahamas)   2013-03-03 10:11AM CST   2013-03-03 01:17PM EST   2:06
N742SP   E135   MYNN   Lynden Pindling Int'l (Nassau)   Nassau   KHOU   William P Hobby   Houston, TX   2013-03-08 11:08AM EST   2013-03-08 01:03PM CST   2:55
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-08 01:32PM CST   2013-03-08 01:52PM CST   0:20
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KUDD   Bermuda Dunes   Palm Springs, CA   2013-03-17 02:44PM CDT   2013-03-17 03:50PM PDT   3:06
N742SP   E135   KUDD   Bermuda Dunes   Palm Springs, CA   KCXO   Lone Star Executive   Houston, TX   2013-03-19 06:34PM PDT   2013-03-19 10:52PM CDT   2:18
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-03-22 03:01PM CDT   2013-03-22 03:42PM CDT   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-24 09:52PM CDT   2013-03-24 10:33PM CDT   0:41
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-03-26 08:27AM CDT   2013-03-26 09:11AM CDT   0:44
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCVH   Hollister Muni   Hollister, CA   2013-03-26 09:59AM CDT   2013-03-26 11:26AM PDT   3:27
N742SP   E135   KCVH   Hollister Muni   Hollister, CA   KTKI   McKinney National   Dallas, TX   2013-03-27 03:44PM PDT   2013-03-27 08:37PM CDT   2:53
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-27 09:05PM CDT   2013-03-27 09:45PM CDT   0:40
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2013-04-02 07:02AM CDT   2013-04-02 07:47AM CDT   0:45
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-04-02 12:41PM CDT   2013-04-02 01:15PM CDT   0:34
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-04-04 04:17PM CDT   2013-04-04 04:59PM CDT   0:42
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-04-06 08:19AM CDT   2013-04-06 09:00AM CDT   0:41
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-06 09:47AM CDT   2013-04-06 12:29PM EDT   1:42
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KIAD   Washington Dulles Intl   Washington, DC   2013-04-06 01:16PM EDT   2013-04-06 02:28PM EDT   1:12
N742SP   E135   KIAD   Washington Dulles Intl   Washington, DC   KORF   Norfolk Intl   Norfolk, VA   2013-04-07 12:56PM EDT   2013-04-07 01:18PM EDT   0:22
N742SP   E135   KORF   Norfolk Intl   Norfolk, VA   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-07 02:16PM EDT   2013-04-07 03:23PM EDT   1:07
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KTEB   Teterboro   Teterboro, NJ   2013-04-07 04:44PM EDT   2013-04-07 06:06PM EDT   1:22
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-08 01:49PM EDT   2013-04-08 03:33PM EDT   1:44
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KORF   Norfolk Intl   Norfolk, VA   2013-04-08 05:45PM EDT   2013-04-08 06:42PM EDT   0:57
N742SP   E135   KORF   Norfolk Intl   Norfolk, VA   KIAD   Washington Dulles Intl   Washington, DC   2013-04-08 07:33PM EDT   2013-04-08 08:11PM EDT   0:38
N742SP   E135   KIAD   Washington Dulles Intl   Washington, DC   KDAL   Dallas Love Field   Dallas, TX   2013-04-08 09:15PM EDT   2013-04-08 11:05PM CDT   2:50
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-09 12:56PM CDT   2013-04-09 03:39PM EDT   1:43
N742SP   E135   R IRQ 1 7           KTEB   Teterboro   Teterboro, NJ   2013-04-09 08:58PM UTC   2013-04-09 07:16PM EDT   2:18
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KSTL   Lambert-St Louis Intl   St Louis, MO   2013-04-09 08:17PM EDT   2013-04-09 09:28PM CDT   2:11
N742SP   E135   KSTL   Lambert-St Louis Intl   St Louis, MO   KDAL   Dallas Love Field   Dallas, TX   2013-04-10 10:10AM CDT   2013-04-10 11:39AM CDT   1:29
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-10 01:22PM CDT   2013-04-10 04:15PM EDT   1:53
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KDAL   Dallas Love Field   Dallas, TX   2013-04-10 05:49PM EDT   2013-04-10 07:16PM CDT   2:26
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KMDW   Chicago Midway Intl   Chicago, IL   2013-04-11 10:41AM CDT   2013-04-11 12:23PM CDT   1:42
N742SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-11 01:25PM CDT   2013-04-11 04:13PM EDT   1:48
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KSTL   Lambert-St Louis Intl   St Louis, MO   2013-04-11 05:45PM EDT   2013-04-11 06:12PM CDT   1:27
N742SP   E135   KSTL   Lambert-St Louis Intl   St Louis, MO   KDAL   Dallas Love Field   Dallas, TX   2013-04-11 07:01PM CDT   2013-04-11 08:29PM CDT   1:28
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KTKI   McKinney National   Dallas, TX   2013-04-12 10:12AM CDT   2013-04-12 10:23AM CDT   0:11
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-04-12 11:52AM CDT   2013-04-12 12:28PM CDT   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-12 01:18PM CDT   2013-04-12 03:50PM EDT   1:32
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KMDW   Chicago Midway Intl   Chicago, IL   2013-04-12 06:10PM EDT   2013-04-12 06:51PM CDT   1:41
N742SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KDAL   Dallas Love Field   Dallas, TX   2013-04-12 07:42PM CDT   2013-04-12 09:43PM CDT   2:01
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-13 09:39AM CDT   2013-04-13 12:15PM EDT   1:36
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-13 01:03PM EDT   2013-04-13 02:11PM CDT   2:08
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-14 04:59PM CDT   2013-04-14 07:42PM EDT   1:43
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KTKI   McKinney National   Dallas, TX   2013-04-14 10:04PM EDT   2013-04-14 11:11PM CDT   2:07
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-04-14 11:46PM CDT   2013-04-15 12:22AM CDT   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-16 03:08PM CDT   2013-04-16 05:40PM EDT   1:32
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-18 02:50PM EDT   2013-04-18 03:58PM CDT   2:08
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KRSN   Ruston Rgnl   Ruston, LA   2013-04-19 04:38PM CDT   2013-04-19 05:15PM CDT   0:37
N742SP   E135   KRSN   Ruston Rgnl   Ruston, LA   KCXO   Lone Star Executive   Houston, TX   2013-04-19 07:57PM CDT   2013-04-19 08:46PM CDT   0:49
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2013-04-21 11:00AM CDT   2013-04-21 11:42AM CDT   0:42
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-04-22 01:48PM CDT   2013-04-22 02:29PM CDT   0:41
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2013-04-24 04:41PM EDT   2013-04-24 07:13PM CDT   3:32
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-04-29 10:22AM CDT   2013-04-29 10:22AM CDT   0:00
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KOAK   Metropolitan Oakland Intl   Oakland, CA   2013-04-29 10:22AM CDT   2013-04-29 11:58AM PDT   3:36
N742SP   E135   KOAK   Metropolitan Oakland Intl   Oakland, CA   KBUR   Bob Hope   Burbank, CA   2013-04-29 01:39PM PDT   2013-04-29 02:29PM PDT   0:50
N742SP   E135   KBUR   Bob Hope   Burbank, CA   KCXO   Lone Star Executive   Houston, TX   2013-04-29 03:36PM PDT   2013-04-29 08:31PM CDT   2:55
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KBUR   Bob Hope   Burbank, CA   2013-05-01 10:56AM CDT   2013-05-01 12:06PM PDT   3:10
N742SP   E135   KBUR   Bob Hope   Burbank, CA   KOAK   Metropolitan Oakland Intl   Oakland, CA   2013-05-01 12:45PM PDT   2013-05-01 01:37PM PDT   0:52
N742SP   E135   KOAK   Metropolitan Oakland Intl   Oakland, CA   KCXO   Lone Star Executive   Houston, TX   2013-05-01 02:28PM PDT   2013-05-01 07:39PM CDT   3:11
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDWH   Hooks Mem Arpt   Houston, TX   2013-05-03 07:49PM CDT   2013-05-03 08:00PM CDT   0:11
N742SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KSAT   San Antonio Intl   San Antonio, TX   2013-05-03 10:25PM CDT   2013-05-03 11:02PM CDT   0:37
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KDWH   Hooks Mem Arpt   Houston, TX   2013-05-05 01:14PM CDT   2013-05-05 01:50PM CDT   0:36
N742SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-05 02:23PM CDT   2013-05-05 02:30PM CDT   0:07
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-05-05 08:42PM CDT   2013-05-05 09:29PM CDT   0:47
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-05 11:21PM CDT   2013-05-05 11:54PM CDT   0:33
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-05-08 02:09PM CDT   2013-05-08 04:55PM EDT   1:46

 

17
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KTKI   McKinney National   Dallas, TX   2013-05-10 09:52PM EDT   2013-05-10 10:56PM CDT   2:04
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KTKI   McKinney National   Dallas, TX   2013-05-10 09:52PM EDT   2013-05-10 10:56PM CDT   2:04
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-12 10:02PM CDT   2013-05-12 10:34PM CDT   0:32
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-05-15 07:21AM CDT   2013-05-15 10:06AM EDT   1:45
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2013-05-16 02:11PM EDT   2013-05-16 03:23PM CDT   2:12
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-05-17 05:52PM CDT   2013-05-17 06:32PM CDT   0:40
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-19 09:40PM CDT   2013-05-19 10:20PM CDT   0:40
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-05-23 07:42AM CDT   2013-05-23 08:02AM CDT   0:20
N742SP   E135   KHOU   William P Hobby   Houston, TX   TISX   Henry E Rohlsen   Christiansted, VI   2013-05-23 09:41AM CDT   2013-05-23 02:39PM AST   3:58
N742SP   E135   TISX   Henry E Rohlsen   Christiansted, VI   KHOU   William P Hobby   Houston, TX   2013-05-28 01:42PM AST   2013-05-28 05:19PM CDT   4:36
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-28 06:01PM CDT   2013-05-28 06:14PM CDT   0:13
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2013-06-01 10:28AM CDT   2013-06-01 11:00AM CDT   0:32
N742SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KNEW   Lakefront   New Orleans, LA   2013-06-01 12:22PM CDT   2013-06-01 01:27PM CDT   1:05
N742SP   E135   KNEW   Lakefront   New Orleans, LA   KCXO   Lone Star Executive   Houston, TX   2013-06-01 01:59PM CDT   2013-06-01 02:50PM CDT   0:51
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-06-06 09:54AM CDT   2013-06-06 10:33AM CDT   0:39
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-09 09:53PM CDT   2013-06-09 10:37PM CDT   0:44
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2013-06-11 07:08AM CDT   2013-06-11 02:38PM NDT   5:00
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2013-06-11 03:28PM NDT   2013-06-11 06:58PM BST   n/a
N742SP   E135   EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2013-06-17 11:46AM BST   2013-06-17 01:31PM NDT   5:15
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KBGR   Bangor Intl   Bangor, ME   2013-06-17 02:09PM NDT   2013-06-17 02:32PM EDT   1:53
N742SP   E135   KBGR   Bangor Intl   Bangor, ME   KCXO   Lone Star Executive   Houston, TX   2013-06-17 03:12PM EDT   2013-06-17 06:14PM CDT   4:02
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-06-20 08:17AM CDT   2013-06-20 08:52AM CDT   0:35
N742SP   E135   KTKI   McKinney National   Dallas, TX   KPWK   Chicago Executive   Chicago, IL   2013-06-20 09:45AM CDT   2013-06-20 11:38AM CDT   1:53
N742SP   E135   KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP   E135   KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP   E135   KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP   E135   KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 07:28PM CDT   n/a
N742SP   E135   KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 08:59PM CDT   1:31
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 09:38PM CDT   2:10
N742SP     KPWK   Chicago Executive   Chicago, IL   KHOU   William P Hobby   Houston, TX   2013-06-22 07:28PM CDT   2013-06-22 09:40PM CDT   2:12
N742SP     KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-22 10:21PM CDT   2013-06-22 10:21PM CDT   n/a
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-22 10:21PM CDT   2013-06-22 09:33PM CDT   n/a
N742SP     KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-22 10:21PM CDT   2013-06-22 10:34PM CDT   0:13
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-06-22 11:16PM CDT   2013-06-22 11:16PM CDT   n/a
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-25 07:46AM CDT   2013-06-25 08:26AM CDT   0:40
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KADS   Addison   Dallas, TX   2013-06-26 08:35AM CDT   2013-06-26 09:10AM CDT   0:35
N742SP   E135   KADS   Addison   Dallas, TX   KAPA   Centennial   Denver, CO   2013-06-26 09:49AM CDT   2013-06-26 10:23AM MDT   1:34
N742SP   E135   KAPA   Centennial   Denver, CO   KADS   Addison   Dallas, TX   2013-06-26 11:16AM MDT   2013-06-26 01:42PM CDT   1:26
N742SP   E135   KADS   Addison   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-26 02:58PM CDT   2013-06-26 03:33PM CDT   0:35
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-06-29 07:45AM CDT   2013-06-29 08:21AM CDT   0:36
N742SP   E135   KTKI   McKinney National   Dallas, TX   F17   Center Muni   Center, TX   2013-06-29 09:20AM CDT   2013-06-29 09:49AM CDT   0:29
N742SP   E135   F17   Center Muni   Center, TX   KTKI   McKinney National   Dallas, TX   2013-06-29 12:27PM CDT   2013-06-29 01:04PM CDT   0:37
N742SP   E135   KTKI   McKinney National   Dallas, TX   KAPA   Centennial   Denver, CO   2013-06-29 02:49PM CDT   2013-06-29 02:12PM MDT   0:23
N742SP   E135   KAPA   Centennial   Denver, CO   KADS   Addison   Dallas, TX   2013-06-30 11:01AM MDT   2013-06-30 01:28PM CDT   1:27
N742SP   E135   KADS   Addison   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-30 01:54PM CDT   2013-06-30 02:32PM CDT   0:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-07-03 04:09PM CDT   2013-07-03 04:43PM CDT   0:34
N742SP   E135   KTKI   McKinney National   Dallas, TX   KFYV   Drake Field   Fayetteville, AR   2013-07-05 02:29PM CDT   2013-07-05 03:14PM CDT   0:45
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KCXO   Lone Star Executive   Houston, TX   2013-07-05 03:48PM CDT   2013-07-05 04:56PM CDT   1:08
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAPA   Centennial   Denver, CO   2013-07-06 11:45AM CDT   2013-07-06 11:11AM MDT   0:26
N742SP   E135   KAPA   Centennial   Denver, CO   KFYV   Drake Field   Fayetteville, AR   2013-07-06 11:44AM MDT   2013-07-06 02:12PM CDT   1:28
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2013-07-07 04:46PM CDT   2013-07-07 05:29PM CDT   0:43
N742SP   E135   KTKI   McKinney National   Dallas, TX   KAPA   Centennial   Denver, CO   2013-07-07 06:13PM CDT   2013-07-07 06:47PM MDT   1:34
N742SP   E135   KAPA   Centennial   Denver, CO   KTKI   McKinney National   Dallas, TX   2013-07-08 02:31PM MDT   2013-07-08 04:20PM CDT   0:49
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-07-08 04:47PM CDT   2013-07-08 05:31PM CDT   0:44
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KADS   Addison   Dallas, TX   2013-07-09 02:06PM CDT   2013-07-09 02:46PM CDT   0:40
N742SP   E135   KADS   Addison   Dallas, TX   KSBM   Sheboygan County Memorial   Sheboygan, WI   2013-07-09 04:42PM CDT   2013-07-09 05:08PM CDT   0:26
N742SP   E135   KSBM   Sheboygan County Memorial   Sheboygan, WI   KADS   Addison   Dallas, TX   2013-07-11 04:05PM CDT   2013-07-11 06:09PM CDT   2:04
N742SP   E135   KADS   Addison   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-07-11 06:30PM CDT   2013-07-11 07:13PM CDT   0:43

 

18
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KOKC   Will Rogers World   Oklahoma City, OK   2013-07-12 04:57PM CDT   2013-07-12 05:54PM CDT   0:57
N742SP   E135   KOKC   Will Rogers World   Oklahoma City, OK   CYQX   Gander Int'l   Gander, NL (Canada)   2013-07-12 06:48PM CDT   2013-07-13 02:06AM NDT   4:48
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2013-07-13 03:02AM NDT   2013-07-13 06:32AM BST   n/a
N742SP   E135   EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2013-07-22 10:00AM BST   2013-07-22 11:27AM NDT   4:57
N742SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KOKC   Will Rogers World   Oklahoma City, OK   2013-07-22 12:20PM NDT   2013-07-22 03:14PM CDT   5:24
N742SP   E135   KOKC   Will Rogers World   Oklahoma City, OK   KSAT   San Antonio Intl   San Antonio, TX   2013-07-22 04:38PM CDT   2013-07-22 05:10PM CDT   0:32
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KCXO   Lone Star Executive   Houston, TX   2013-07-22 05:35PM CDT   2013-07-22 06:13PM CDT   0:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2013-07-23 01:04PM CDT   2013-07-23 11:22AM PDT   0:18
N742SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KCXO   Lone Star Executive   Houston, TX   2013-07-25 01:32PM PDT   2013-07-25 06:52PM CDT   3:20
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-07-26 02:25PM CDT   2013-07-26 03:01PM CDT   0:36
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-07-28 09:45PM CDT   2013-07-28 10:21PM CDT   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-08-01 02:35PM CDT   2013-08-01 03:13PM CDT   0:38
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-08-04 10:35PM CDT   2013-08-04 11:08PM CDT   0:33
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSP   Minneapolis/St Paul Intl   Minneapolis, MN   2013-08-06 11:10AM CDT   2013-08-06 01:25PM CDT   2:15
N742SP   E135   KMSP   Minneapolis/St Paul Intl   Minneapolis, MN   KORD   Chicago O'Hare Intl   Chicago, IL   2013-08-07 07:30AM CDT   2013-08-07 08:27AM CDT   0:57
N742SP   E135   KORD   Chicago O'Hare Intl   Chicago, IL   KERI   Erie Intl/Tom Ridge Field   Erie, PA   2013-08-07 11:27AM CDT   2013-08-07 01:16PM EDT   0:49
N742SP   E135   KERI   Erie Intl/Tom Ridge Field   Erie, PA   KLZU   Gwinnett County   Lawrenceville, GA   2013-08-07 02:00PM EDT   2013-08-07 03:29PM EDT   1:29
N742SP   E135   KLZU   Gwinnett County   Lawrenceville, GA   KCXO   Lone Star Executive   Houston, TX   2013-08-07 03:52PM EDT   2013-08-07 04:47PM CDT   1:54
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KCLE   Cleveland-Hopkins Intl   Cleveland, OH   2013-08-11 07:13AM CDT   2013-08-11 10:24AM EDT   2:11
N742SP   E135   KCLE   Cleveland-Hopkins Intl   Cleveland, OH   KCXO   Lone Star Executive   Houston, TX   2013-09-19 03:30PM EDT   2013-09-19 02:30PM CDT   n/a
N742SP   E135   KCLE   Cleveland-Hopkins Intl   Cleveland, OH   KCXO   Lone Star Executive   Houston, TX   2013-09-19 04:57PM EDT   2013-09-19 06:22PM CDT   2:25
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2013-09-20 08:02AM CDT   2013-09-20 08:42AM CDT   0:40
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-20 12:26PM CDT   2013-09-20 01:13PM CDT   0:47
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-09-21 10:31AM CDT   2013-09-21 10:50AM CDT   0:19
N742SP   E135   KHOU   William P Hobby   Houston, TX   KRKS   Sweetwater Co   Rock Springs, WY   2013-09-21 12:17PM CDT   2013-09-21 11:17AM MDT   n/a
N742SP   E135   KDWX   Dixon   Dixon, WY   KCXO   Lone Star Executive   Houston, TX   2013-09-21 02:26PM MDT   2013-09-21 05:31PM CDT   2:05
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KRYY   Cobb County   Atlanta, GA   2013-09-24 08:05AM CDT   2013-09-24 10:42AM EDT   1:37
N742SP   E135   KRYY   Cobb County   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2013-09-24 01:09PM EDT   2013-09-24 01:59PM CDT   1:50
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KBOS   Boston Logan Intl   Boston, MA   2013-09-24 02:49PM CDT   2013-09-24 06:59PM EDT   3:10
N742SP   E135   KBOS   Boston Logan Intl   Boston, MA   KADS   Addison   Dallas, TX   2013-09-25 11:53AM EDT   2013-09-25 02:21PM CDT   3:28
N742SP   E135   KADS   Addison   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-25 02:55PM CDT   2013-09-25 03:40PM CDT   0:45
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KRKS   Sweetwater Co   Rock Springs, WY   2013-09-28 08:54AM CDT   2013-09-28 07:54AM MDT   n/a
N742SP   E135   KDWX   Dixon   Dixon, WY   KHOU   William P Hobby   Houston, TX   2013-09-28 01:20PM MDT   2013-09-28 04:38PM CDT   2:18
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-28 05:50PM CDT   2013-09-28 06:14PM CDT   0:24
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSAT   San Antonio Intl   San Antonio, TX   2013-09-30 09:59AM CDT   2013-09-30 10:35AM CDT   0:36
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-30 08:03PM CDT   2013-09-30 08:38PM CDT   0:35
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KONT   Ontario Intl   Ontario, CA   2013-10-01 08:48AM CDT   2013-10-01 09:48AM PDT   3:00
N742SP   E135   KONT   Ontario Intl   Ontario, CA   KCXO   Lone Star Executive   Houston, TX   2013-10-01 01:15PM PDT   2013-10-01 05:57PM CDT   2:42
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KORL   Executive   Orlando, FL   2013-10-07 08:23AM CDT   2013-10-07 11:22AM EDT   1:59
N742SP   E135   KORL   Executive   Orlando, FL   KCLT   Charlotte/Douglas Intl   Charlotte, NC   2013-10-07 02:05PM EDT   2013-10-07 03:28PM EDT   1:23
N742SP   E135   KRDU   Raleigh-Durham Intl   Raleigh/Durham, NC   KCXO   Lone Star Executive   Houston, TX   2013-10-08 01:34PM EDT   2013-10-08 02:56PM CDT   2:22
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGC   Allegheny County   Pittsburgh, PA   2013-10-10 08:31AM CDT   2013-10-10 11:51AM EDT   2:20
N742SP   E135   KAGC   Allegheny County   Pittsburgh, PA   KCXO   Lone Star Executive   Houston, TX   2013-10-10 05:20PM EDT   2013-10-10 06:54PM CDT   2:34
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-10-11 07:17AM CDT   2013-10-11 07:34AM CDT   0:17
N742SP   E135   KHOU   William P Hobby   Houston, TX   KAPC   Napa County   Napa, CA   2013-10-11 09:33AM CDT   2013-10-11 11:21AM PDT   3:48
N742SP   E135   KAPC   Napa County   Napa, CA   KHOU   William P Hobby   Houston, TX   2013-10-14 12:33PM PDT   2013-10-14 05:55PM CDT   3:22
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-10-14 06:29PM CDT   2013-10-14 06:46PM CDT   0:17
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSAT   San Antonio Intl   San Antonio, TX   2013-10-22 12:49PM CDT   2013-10-22 01:27PM CDT   0:38
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KCXO   Lone Star Executive   Houston, TX   2013-10-24 02:41PM CDT   2013-10-24 03:21PM CDT   0:40
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-10-28 09:12AM CDT   2013-10-28 10:12AM EDT   n/a
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-10-30 02:47PM EDT   2013-10-30 04:01PM CDT   2:14
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KCMH   Port Columbus Intl   Columbus, OH   2013-11-01 06:08AM CDT   2013-11-01 09:03AM EDT   1:55
N742SP   E135   KCMH   Port Columbus Intl   Columbus, OH   KCXO   Lone Star Executive   Houston, TX   2013-11-01 12:19PM EDT   2013-11-01 01:45PM CDT   2:26
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KFYV   Drake Field   Fayetteville, AR   2013-11-02 08:59AM CDT   2013-11-02 10:06AM CDT   1:07
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KCXO   Lone Star Executive   Houston, TX   2013-11-02 02:37PM CDT   2013-11-02 03:40PM CDT   1:02
N742SP   E135   KFYV   Drake Field   Fayetteville, AR   KCXO   Lone Star Executive   Houston, TX   2013-11-02 02:43PM CDT   2013-11-02 03:34PM CDT   0:51
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-11-02 04:11PM CDT   2013-11-02 04:53PM CDT   0:42
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-11-03 08:10PM CST   2013-11-03 08:54PM CST   0:44
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   U42   South Valley Rgnl   Salt Lake City, UT   2013-11-05 08:38AM CST   2013-11-05 10:31AM MST   2:53
N742SP   E135   U42   South Valley Rgnl   Salt Lake City, UT   KCXO   Lone Star Executive   Houston, TX   2013-11-07 12:19PM MST   2013-11-07 03:40PM CST   2:21
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KMEM   Memphis Intl   Memphis, TN   2013-11-08 06:57AM CST   2013-11-08 07:57AM CST   1:00
N742SP   E135   KMEM   Memphis Intl   Memphis, TN   KCXO   Lone Star Executive   Houston, TX   2013-11-08 12:29PM CST   2013-11-08 01:48PM CST   1:19
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-11-12 06:56AM CST   2013-11-12 07:14AM CST   0:18
N742SP   E135   KHOU   William P Hobby   Houston, TX   KOKC   Will Rogers World   Oklahoma City, OK   2013-11-12 08:02AM CST   2013-11-12 09:05AM CST   1:03
N742SP   E135   KOKC   Will Rogers World   Oklahoma City, OK   KHOU   William P Hobby   Houston, TX   2013-11-12 04:40PM CST   2013-11-12 05:54PM CST   1:14

 

19
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-11-12 06:20PM CST   2013-11-12 06:38PM CST   0:18
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-11-14 07:08AM CST   2013-11-14 07:29AM CST   0:21
N742SP   E135   KHOU   William P Hobby   Houston, TX   MRLB   Daniel Oduber Int'l   Liberia (Costa Rica)   2013-11-14 08:51AM CST   2013-11-14 08:51AM CST   n/a
N742SP   E135   MRLB   Daniel Oduber Int'l   Liberia   KHOU   William P Hobby   Houston, TX   2013-11-16 02:58PM CST   2013-11-16 05:46PM CST   2:47
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-11-16 06:43PM CST   2013-11-16 07:02PM CST   0:19
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-11-20 08:17AM CST   2013-11-20 10:58AM EST   1:41
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-11-21 03:16PM EST   2013-11-21 04:08PM CST   1:52
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   11R   Brenham Muni   Brenham, TX   2013-11-23 08:59AM CST   2013-11-23 09:19AM CST   0:20
N742SP   E135   11R   Brenham Muni   Brenham, TX   KBTR   Baton Rouge Metro   Baton Rouge, LA   2013-11-23 10:37AM CST   2013-11-23 11:30AM CST   0:53
N742SP   E135   KBTR   Baton Rouge Metro   Baton Rouge, LA   KLFT   Lafayette Rgnl   Lafayette, LA   2013-11-23 07:16PM CST   2013-11-23 07:43PM CST   0:27
N742SP   E135   KLFT   Lafayette Rgnl   Lafayette, LA   11R   Brenham Muni   Brenham, TX   2013-11-23 08:11PM CST   2013-11-23 08:54PM CST   0:43
N742SP   E135   11R   Brenham Muni   Brenham, TX   KCXO   Lone Star Executive   Houston, TX   2013-11-23 09:26PM CST   2013-11-23 09:47PM CST   0:21
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KADS   Addison   Dallas, TX   2013-11-26 04:19PM CST   2013-11-26 04:55PM CST   0:35
N742SP   E135   KADS   Addison   Dallas, TX   KTEB   Teterboro   Teterboro, NJ   2013-11-26 05:35PM CST   2013-11-26 09:15PM EST   2:40
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KADS   Addison   Dallas, TX   2013-11-30 11:55AM EST   2013-11-30 02:17PM CST   3:22
N742SP   E135   KADS   Addison   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-11-30 02:44PM CST   2013-11-30 03:22PM CST   0:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MBPV   Providenciales Int'l   Providenciales (Turks and Caicos)   2013-12-01 06:06AM CST   2013-12-01 09:54AM EST   2:48
N742SP   E135   MBPV   Providenciales Int'l   Providenciales   KAUS   Austin-Bergstrom Intl   Austin, TX   2013-12-01 10:51AM EST   2013-12-01 02:10PM CST   4:19
N742SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KCXO   Lone Star Executive   Houston, TX   2013-12-01 03:41PM CST   2013-12-01 04:08PM CST   0:27
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KEWR   Newark Liberty Intl   Newark, NJ   2013-12-03 10:07AM CST   2013-12-03 11:07AM EST   n/a
N742SP   E135   KEWR   Newark Liberty Intl   Newark, NJ   KCXO   Lone Star Executive   Houston, TX   2013-12-03 05:44PM EST   2013-12-03 08:14PM CST   3:30
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2013-12-05 06:05AM CST   2013-12-05 08:38AM EST   1:33
N742SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KAGS   Augusta Regional   Augusta, GA   2013-12-05 09:09AM EST   2013-12-05 09:38AM EST   0:29
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2013-12-05 11:25AM EST   2013-12-05 11:21AM CST   0:56
N742SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KCXO   Lone Star Executive   Houston, TX   2013-12-05 11:39AM CST   2013-12-05 01:17PM CST   1:38
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-12-06 09:45AM CST   2013-12-06 12:23PM EST   1:37
N742SP   E135   KAGS   Augusta Regional   Augusta, GA   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2013-12-06 02:40PM EST   2013-12-06 03:18PM EST   0:38
N742SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2013-12-06 04:01PM EST   2013-12-06 04:53PM CST   1:52
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSUA   Witham Field   Stuart, FL   2013-12-10 08:52AM CST   2013-12-10 11:55AM EST   2:03
N742SP   E135   KSUA   Witham Field   Stuart, FL   KCXO   Lone Star Executive   Houston, TX   2013-12-12 03:07PM EST   2013-12-12 04:34PM CST   2:27
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2013-12-17 10:06AM CST   2013-12-17 10:40AM CST   0:33
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-12-17 01:51PM CST   2013-12-17 02:30PM CST   0:39
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSGR   Sugar Land Rgnl   Houston, TX   2013-12-21 06:45AM CST   2013-12-21 07:07AM CST   0:22
N742SP   E135   KSGR   Sugar Land Rgnl   Houston, TX   KEGE   Eagle County Rgnl   Eagle, CO   2013-12-21 08:15AM CST   2013-12-21 07:15AM MST   n/a
N742SP   E135   KEGE   Eagle County Rgnl   Eagle, CO   KDTS   Destin-Fort Walton Beach   Destin, FL   2013-12-21 12:35PM MST   2013-12-21 04:33PM CST   2:58
N742SP   E135   KCEW   Bob Sikes   Crestview, FL   KCXO   Lone Star Executive   Houston, TX   2013-12-21 05:55PM CST   2013-12-21 07:24PM CST   1:29
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KLIT   Adams Field   Little Rock, AR   2013-12-26 08:32AM CST   2013-12-26 09:22AM CST   0:50
N742SP   E135   KLIT   Adams Field   Little Rock, AR   KEGE   Eagle County Rgnl   Eagle, CO   2013-12-26 12:10PM CST   2013-12-26 11:10AM MST   n/a
N742SP   E135   KEGE   Eagle County Rgnl   Eagle, CO   KLNS   Lancaster   Lancaster, PA   2013-12-26 02:38PM MST   2013-12-26 07:46PM EST   3:08
N742SP   E135   KLNS   Lancaster   Lancaster, PA   KASE   Aspen-Pitkin County   Aspen, CO   2013-12-27 10:16AM EST   2013-12-27 12:01PM MST   3:45
N742SP   E135   KASE   Aspen-Pitkin County   Aspen, CO   KCXO   Lone Star Executive   Houston, TX   2013-12-27 01:24PM MST   2013-12-27 04:30PM CST   2:06
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSAT   San Antonio Intl   San Antonio, TX   2013-12-28 12:00PM CST   2013-12-28 12:42PM CST   0:42
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KCXO   Lone Star Executive   Houston, TX   2013-12-28 02:41PM CST   2013-12-28 03:15PM CST   0:34
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2014-01-03 09:50AM CST   2014-01-03 10:50AM EST   n/a
N742SP   E135   KTEB   Teterboro   Teterboro, NJ   KHOU   William P Hobby   Houston, TX   2014-01-03 04:21PM EST   2014-01-03 06:52PM CST   3:31
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-03 07:36PM CST   2014-01-03 07:51PM CST   0:15
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KBHM   Birmingham-Shuttlesworth Intl   Birmingham-Shuttlesworth Intl   2014-01-04 09:13AM CST   2014-01-04 10:30AM CST   1:16
N742SP   E135   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   KCXO   Lone Star Executive   Houston, TX   2014-01-04 04:49PM CST   2014-01-04 06:11PM CST   1:22
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-05 09:22AM CST   2014-01-05 10:06AM CST   0:44
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-06 07:20AM CST   2014-01-06 07:53AM CST   0:33
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2014-01-08 09:20AM CST   2014-01-08 11:54AM EST   1:33
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2014-01-08 01:47PM EST   2014-01-08 02:57PM CST   2:10
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MMSD   Los Cabos Int'l   Los Cabos, Baja Calif   2014-01-11 11:41AM CST   2014-01-11 10:41AM MST   n/a
N742SP   E135   MMSD   Los Cabos Int'l   Los Cabos, Baja Calif   KHOU   William P Hobby   Houston, TX   2014-01-16 11:31AM MST   2014-01-16 02:51PM CST   2:20
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-16 03:19PM CST   2014-01-16 03:34PM CST   0:15
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-01-17 05:49PM CST   2014-01-17 06:27PM CST   0:37
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-19 09:19PM CST   2014-01-19 09:55PM CST   0:36
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2014-01-20 11:49AM CST   2014-01-20 02:19PM EST   1:30
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2014-01-20 03:07PM EST   2014-01-20 04:08PM CST   2:01
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2014-01-22 10:33AM CST   2014-01-22 01:02PM EST   1:29
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2014-01-24 11:31AM EST   2014-01-24 12:47PM CST   2:16
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KPBI   Palm Beach Intl   West Palm Beach, FL   2014-01-24 01:59PM CST   2014-01-24 04:57PM EST   1:58
N742SP   E135   KPBI   Palm Beach Intl   West Palm Beach, FL   KTKI   McKinney National   Dallas, TX   2014-01-24 05:36PM EST   2014-01-24 07:32PM CST   2:56
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-24 07:48PM CST   2014-01-24 08:29PM CST   0:41
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-01-26 07:30PM CST   2014-01-26 08:11PM CST   0:41

 

20
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 1: Aircraft Tail # N742SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N742SP   E135   KTKI   McKinney National   Dallas, TX   KBPT   Jack Brooks Rgnl   Beaumont/Port Arthur, TX   2014-01-26 09:10PM CST   2014-01-26 09:58PM CST   0:48
N742SP   E135   KBPT   Jack Brooks Rgnl   Beaumont/Port Arthur, TX   KPBI   Palm Beach Intl   West Palm Beach, FL   2014-01-26 10:37PM CST   2014-01-27 01:21AM EST   1:44
N742SP   E135   KPBI   Palm Beach Intl   West Palm Beach, FL   KBPT   Jack Brooks Rgnl   Beaumont/Port Arthur, TX   2014-01-27 11:10AM EST   2014-01-27 12:22PM CST   2:12
N742SP   E135   KBPT   Jack Brooks Rgnl   Beaumont/Port Arthur, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-27 12:52PM CST   2014-01-27 01:20PM CST   0:28
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-01-30 10:44PM CST   2014-01-30 11:18PM CST   0:33
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-02 10:47AM CST   2014-02-02 11:29AM CST   0:42
N742SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2014-02-04 01:51PM EST   2014-02-04 03:03PM CST   2:12
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-02-07 05:39PM CST   2014-02-07 06:20PM CST   0:41
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-09 08:48PM CST   2014-02-09 09:23PM CST   0:35
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KAPF   Naples Muni   Naples, FL   2014-02-11 01:09PM CST   2014-02-11 03:57PM EST   1:48
N742SP   E135   KAPF   Naples Muni   Naples, FL   KCXO   Lone Star Executive   Houston, TX   2014-02-14 02:30PM EST   2014-02-14 03:49PM CST   2:19
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-02-14 04:34PM CST   2014-02-14 05:13PM CST   0:39
N742SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-16 08:45PM CST   2014-02-16 09:29PM CST   0:44
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KEGE   Eagle County Rgnl   Eagle, CO   2014-02-17 10:53AM CST   2014-02-17 09:53AM MST   n/a
N742SP   E135   KEGE   Eagle County Rgnl   Eagle, CO   KPBI   Palm Beach Intl   West Palm Beach, FL   2014-02-17 01:53PM MST   2014-02-17 07:35PM EST   3:42
N742SP   E135   KPBI   Palm Beach Intl   West Palm Beach, FL   KCXO   Lone Star Executive   Houston, TX   2014-02-17 08:50PM EST   2014-02-17 10:14PM CST   2:24
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MMUN   Cancun Int'l   Cancun, Quintana Roo   2014-02-23 10:29AM CST   2014-02-23 10:29AM CST   n/a
N742SP   E135   MMUN   Cancun Int'l   Cancun, Quintana Roo   KHOU   William P Hobby   Houston, TX   2014-02-28 12:00PM CST   2014-02-28 02:08PM CST   2:08
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-28 02:46PM CST   2014-02-28 03:11PM CST   0:25
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   MMUN   Cancun Int'l   Cancun, Quintana Roo   2014-02-28 04:04PM CST   2014-02-28 04:04PM CST   n/a
N742SP   E135   MMUN   Cancun Int'l   Cancun, Quintana Roo   KHOU   William P Hobby   Houston, TX   2014-02-28 08:37PM CST   2014-02-28 09:30PM CST   0:52
N742SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-28 09:54PM CST   2014-02-28 10:14PM CST   0:20
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2014-03-02 10:35AM CST   2014-03-02 11:06AM CST   0:30
N742SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-03-02 02:54PM CST   2014-03-02 03:42PM CST   0:48
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSJC   San Jose Int'l   San Jose, CA   2014-03-05 08:05AM CST   2014-03-05 10:25AM PST   4:20
N742SP   E135   KSJC   San Jose Int'l   San Jose, CA   KCXO   Lone Star Executive   Houston, TX   2014-03-07 01:12PM PST   2014-03-07 06:14PM CST   3:02
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSAT   San Antonio Intl   San Antonio, TX   2014-03-08 11:37AM CST   2014-03-08 12:16PM CST   0:39
N742SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KTEX   Telluride Rgnl   Telluride, CO   2014-03-08 01:15PM CST   2014-03-08 02:05PM MST   1:50
N742SP   E135   KTEX   Telluride Rgnl   Telluride, CO   KCXO   Lone Star Executive   Houston, TX   2014-03-08 02:57PM MST   2014-03-08 06:04PM CST   2:07
N742SP   E135   KCXO   Lone Star Executive   Houston, TX   KSNA   John Wayne Arpt   Santa Ana, CA   2014-03-10 04:11PM CDT   2014-03-10 05:12PM PDT   3:00
N742SP   E135   KSNA   John Wayne Arpt   Santa Ana, CA   KCXO   Lone Star Executive   Houston, TX   2014-03-11 04:49PM PDT   2014-03-11 09:18PM CDT   2:29

 

21
 

 

Stadium Capital Management gp, lp

 

Exhibit 2

 

(see attached)

 

 
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMCO   Orlando Intl   Orlando, FL   2012-03-06 02:33PM CST   2012-03-06 05:40PM EST   2:07
N752SP   E135   KMCO   Orlando Intl   Orlando, FL   KCXO   Lone Star Executive   Houston, TX   2012-03-07 01:54PM EST   2012-03-07 03:00PM CST   2:06
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-03-11 04:30PM CDT   2012-03-11 05:11PM CDT   0:41
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-03-12 08:18AM CDT   2012-03-12 09:04AM CDT   0:46
N752SP       KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-03-12 08:18AM CDT   2012-03-12 08:18AM CDT   n/a
N752SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   KSNA   John Wayne Arpt   Santa Ana, CA   2012-03-13 07:21AM CDT   2012-03-13 08:34AM PDT   3:13
N752SP   E135   KSNA   John Wayne Arpt   Santa Ana, CA   KCXO   Lone Star Executive   Houston, TX   2012-03-13 03:46PM PDT   2012-03-13 08:20PM CDT   2:34
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2012-03-15 07:02AM CDT   2012-03-15 09:51AM EDT   1:49
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KTKI   McKinney National   Dallas, TX   2012-03-16 10:02PM EDT   2012-03-16 11:11PM CDT   2:09
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-03-18 09:29PM CDT   2012-03-18 10:08PM CDT   0:39
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHUM   Houma-Terrebonne   Houma, LA   2012-03-19 02:29PM CDT   2012-03-19 03:16PM CDT   0:47
N752SP   E135   KHUM   Houma-Terrebonne   Houma, LA   KEFD   Ellington   Houston, TX   2012-03-19 05:22PM CDT   2012-03-19 06:02PM CDT   0:40
N752SP   E135   KEFD   Ellington   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-03-19 06:36PM CDT   2012-03-19 06:47PM CDT   0:11
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2012-03-21 08:30AM CDT   2012-03-21 09:07AM CDT   0:37
N752SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-03-21 01:12PM CDT   2012-03-21 01:50PM CDT   0:38
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-03-22 08:15AM CDT   2012-03-22 11:01AM EDT   1:46
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-03-25 04:30PM EDT   2012-03-25 05:15PM CDT   1:45
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-03-27 07:33AM CDT   2012-03-27 10:11AM EDT   1:38
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-03-28 04:41PM EDT   2012-03-28 05:39PM CDT   1:58
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2012-04-01 08:07AM CDT   2012-04-01 10:16AM EDT   1:09
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-01 08:07AM CDT   2012-04-01 10:57AM EDT   1:50
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KRSW   Southwest Florida Intl   Fort Myers, FL   2012-04-01 11:54AM EDT   2012-04-01 01:06PM EDT   1:12
N752SP   E135   KRSW   Southwest Florida Intl   Fort Myers, FL   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-01 01:33PM EDT   2012-04-01 02:47PM EDT   1:14
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-04-01 03:24PM EDT   2012-04-01 04:01PM CDT   1:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-02 12:43PM CDT   2012-04-02 03:42PM EDT   1:59
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KRSW   Southwest Florida Intl   Fort Myers, FL   2012-04-02 05:08PM EDT   2012-04-02 06:20PM EDT   1:12
N752SP   E135   KRSW   Southwest Florida Intl   Fort Myers, FL   KCXO   Lone Star Executive   Houston, TX   2012-04-02 06:48PM EDT   2012-04-02 07:45PM CDT   1:57
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-03 12:42PM CDT   2012-04-03 03:29PM EDT   1:47
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-04-03 05:47PM EDT   2012-04-03 06:33PM CDT   1:46
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-04 12:28PM CDT   2012-04-04 03:11PM EDT   1:43
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-04-04 05:34PM EDT   2012-04-04 06:30PM CDT   1:56
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2012-04-05 08:21AM CDT   2012-04-05 12:12PM EDT   2:51
N752SP   E135   KTEB   Teterboro   Teterboro, NJ   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-05 01:06PM EDT   2012-04-05 02:54PM EDT   1:48
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-04-05 06:07PM EDT   2012-04-05 07:01PM CDT   1:54
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-06 12:46PM CDT   2012-04-06 03:28PM EDT   1:42
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KTEB   Teterboro   Teterboro, NJ   2012-04-06 06:24PM EDT   2012-04-06 08:04PM EDT   1:40
N752SP   E135   KTEB   Teterboro   Teterboro, NJ   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-06 08:57PM EDT   2012-04-06 10:24PM EDT   1:27
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-04-08 09:33PM EDT   2012-04-08 10:31PM CDT   1:58
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-04-12 09:53AM CDT   2012-04-12 10:27AM CDT   0:34
N752SP   E135   KTKI   McKinney National   Dallas, TX   KHEF   Manassas Rgnl   Washington, DC   2012-04-13 02:19PM CDT   2012-04-13 05:30PM EDT   2:11
N752SP   E135   KHEF   Manassas Rgnl   Washington, DC   KTKI   McKinney National   Dallas, TX   2012-04-14 11:12PM EDT   2012-04-15 12:51AM CDT   2:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-04-15 09:38PM CDT   2012-04-15 10:23PM CDT   0:45
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-04-18 08:14AM CDT   2012-04-18 11:07AM EDT   1:53
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-04-20 02:42PM EDT   2012-04-20 04:02PM CDT   2:20
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBUR   Bob Hope   Burbank, CA   2012-04-29 05:50PM CDT   2012-04-29 07:08PM PDT   3:18
N752SP   E135   KBUR   Bob Hope   Burbank, CA   KCXO   Lone Star Executive   Houston, TX   2012-04-30 02:31PM PDT   2012-04-30 07:25PM CDT   2:54
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   2012-05-01 10:54AM CDT   2012-05-01 12:06PM CDT   1:12
N752SP   E135   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   KCXO   Lone Star Executive   Houston, TX   2012-05-01 01:48PM CDT   2012-05-01 03:10PM CDT   1:22
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   2012-05-01 10:35PM CDT   2012-05-01 11:50PM CDT   1:15
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   2012-05-01 10:35PM CDT   2012-05-01 10:38PM CDT   0:03
N752SP   E135   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   KCXO   Lone Star Executive   Houston, TX   2012-05-02 12:10AM CDT   2012-05-02 01:29AM CDT   1:19
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KOUN   Univ of OK Arpt   Norman, OK   2012-05-02 08:34AM CDT   2012-05-02 09:33AM CDT   0:59
N752SP   E135   KOUN   Univ of OK Arpt   Norman, OK   KCXO   Lone Star Executive   Houston, TX   2012-05-02 10:10AM CDT   2012-05-02 11:06AM CDT   0:56
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KOUN   Univ of OK Arpt   Norman, OK   2012-05-04 12:38AM CDT   2012-05-04 01:40AM CDT   1:02
N752SP   E135   KOUN   Univ of OK Arpt   Norman, OK   KCXO   Lone Star Executive   Houston, TX   2012-05-04 01:52AM CDT   2012-05-04 02:46AM CDT   0:53
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMDW   Chicago Midway Intl   Chicago, IL   2012-05-08 02:20PM CDT   2012-05-08 04:11PM CDT   1:51
N752SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2012-05-09 12:52PM CDT   2012-05-09 02:56PM CDT   2:04
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2012-05-12 07:58AM CDT   2012-05-12 10:43AM EDT   1:45
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2012-05-12 01:58PM EDT   2012-05-12 03:09PM CDT   2:11
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-05-13 10:28AM CDT   2012-05-13 11:07AM CDT   0:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-05-14 05:32PM CDT   2012-05-14 06:05PM CDT   0:33
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBOS   Boston Logan Intl   Boston, MA   2012-05-15 05:21PM CDT   2012-05-15 09:43PM EDT   3:22
N752SP   E135   KBOS   Boston Logan Intl   Boston, MA   KBDL   Bradley Intl   Windsor Locks, CT   2012-05-16 03:36PM EDT   2012-05-16 03:54PM EDT   0:18
N752SP   E135   KBDL   Bradley Intl   Windsor Locks, CT   KTEB   Teterboro   Teterboro, NJ   2012-05-16 06:39PM EDT   2012-05-16 07:18PM EDT   0:39
N752SP   E135   KTEB   Teterboro   Teterboro, NJ   KCXO   Lone Star Executive   Houston, TX   2012-05-17 06:24PM EDT   2012-05-17 08:31PM CDT   3:07
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-05-18 04:14PM CDT   2012-05-18 04:58PM CDT   0:44

 

22
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-05-20 07:44AM CDT   2012-05-20 08:21AM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-05-20 09:06AM CDT   2012-05-20 10:33AM PDT   3:27
N752SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KSFO   San Francisco Intl   San Francisco, CA   2012-05-20 06:18PM PDT   2012-05-20 06:32PM PDT   0:14
N752SP   E135   KSFO   San Francisco Intl   San Francisco, CA   KTKI   McKinney National   Dallas, TX   2012-05-22 03:22PM PDT   2012-05-22 08:24PM CDT   3:02
N752SP   E135   KSFO   San Francisco Intl   San Francisco, CA   KCXO   Lone Star Executive   Houston, TX   2012-05-22 03:22PM PDT   2012-05-22 06:32PM CDT   1:10
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-05-22 09:03PM CDT   2012-05-22 09:44PM CDT   0:41
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   TXKF   Bermuda Int'l   Hamilton   2012-05-24 11:08AM CDT   2012-05-24 04:43PM ADT   3:35
N752SP   E135   TXKF   Bermuda Int'l   Hamilton   KILM   Wilmington Intl   Wilmington, NC   2012-05-27 10:51AM ADT   2012-05-27 11:32AM EDT   1:41
N752SP   E135   KILM   Wilmington Intl   Wilmington, NC   KCXO   Lone Star Executive   Houston, TX   2012-05-27 12:27PM EDT   2012-05-27 01:39PM CDT   2:12
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-05-27 02:03PM CDT   2012-05-27 02:44PM CDT   0:41
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-05-29 07:24PM CDT   2012-05-29 07:56PM CDT   0:32
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KDWH   Hooks Mem Arpt   Houston, TX   2012-05-30 10:32AM CDT   2012-05-30 10:37AM CDT   0:04
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KCLE   Cleveland-Hopkins Intl   Cleveland, OH   2012-05-30 12:20PM CDT   2012-05-30 03:34PM EDT   2:14
N752SP   E135   KCLE   Cleveland-Hopkins Intl   Cleveland, OH   KDWH   Hooks Mem Arpt   Houston, TX   2012-06-01 01:00PM EDT   2012-06-01 03:42PM CDT   3:42
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-06-01 04:11PM CDT   2012-06-01 04:18PM CDT   0:06
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-06-02 08:25AM CDT   2012-06-02 09:06AM CDT   0:41
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-06-03 10:08PM CDT   2012-06-03 10:45PM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KPBI   Palm Beach Intl   West Palm Beach, FL   2012-06-05 06:54AM CDT   2012-06-05 10:00AM EDT   2:06
N752SP   E135   KPBI   Palm Beach Intl   West Palm Beach, FL   KSGJ   Northeast Florida Rgnl   St Augustine, FL   2012-06-05 01:31PM EDT   2012-06-05 02:08PM EDT   0:37
N752SP   E135   KSGJ   Northeast Florida Rgnl   St Augustine, FL   KCXO   Lone Star Executive   Houston, TX   2012-06-05 04:44PM EDT   2012-06-05 05:48PM CDT   2:04
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2012-06-06 12:40PM CDT   2012-06-06 01:56PM CDT   1:16
N752SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KBWI   Baltimore/Washington Intl   Baltimore, MD   2012-06-06 02:26PM CDT   2012-06-06 04:54PM EDT   1:28
N752SP   E135   KBWI   Baltimore/Washington Intl   Baltimore, MD   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2012-06-07 03:12PM EDT   2012-06-07 03:49PM CDT   1:37
N752SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KCXO   Lone Star Executive   Houston, TX   2012-06-07 04:23PM CDT   2012-06-07 05:43PM CDT   1:20
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-06-08 01:44PM CDT   2012-06-08 02:24PM CDT   0:40
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-06-10 02:12PM CDT   2012-06-10 02:50PM CDT   0:38
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2012-06-12 07:01PM CDT   2012-06-13 02:23AM NDT   4:52
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2012-06-13 03:15AM NDT   2012-06-13 06:45AM BST   n/a
N752SP       EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2012-06-19 03:40PM BST   2012-06-19 04:45PM NDT   4:35
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KBGR   Bangor Intl   Bangor, ME   2012-06-19 05:30PM NDT   2012-06-19 05:45PM EDT   1:45
N752SP   E135   KBGR   Bangor Intl   Bangor, ME   KCXO   Lone Star Executive   Houston, TX   2012-06-19 06:17PM EDT   2012-06-19 08:45PM CDT   3:28
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MWCB   Charles Kirkconnell International   Cayman Brac   2012-06-23 10:14AM CDT   2012-06-23 10:20AM EST   0:06
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MWCB   Charles Kirkconnell International   Cayman Brac   2012-06-23 10:14AM CDT   2012-06-23 10:14AM EST   n/a
N752SP   E135   MWCB   Charles Kirkconnell International   Cayman Brac   KSAT   San Antonio Intl   San Antonio, TX   2012-06-23 02:53PM EST   2012-06-23 05:40PM CDT   2:46
N752SP   E135   MWCB   Charles Kirkconnell International   Cayman Brac   KAUS   Austin-Bergstrom Intl   Austin, TX   2012-06-23 02:53PM EST   2012-06-23 04:58PM CDT   2:05
N752SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2012-06-23 06:03PM CDT   2012-06-23 06:23PM CDT   0:20
N752SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KCXO   Lone Star Executive   Houston, TX   2012-06-23 06:58PM CDT   2012-06-23 07:27PM CDT   0:29
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-06-29 11:15AM CDT   2012-06-29 11:56AM CDT   0:41
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-05 08:11AM CDT   2012-07-05 08:52AM CDT   0:41
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-07-05 09:19AM CDT   2012-07-05 10:31AM PDT   3:12
N752SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KTKI   McKinney National   Dallas, TX   2012-07-08 07:53AM PDT   2012-07-08 12:59PM CDT   3:06
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-08 01:51PM CDT   2012-07-08 02:21PM CDT   0:30
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-07-08 03:11PM CDT   2012-07-08 04:31PM PDT   3:20
N752SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KTKI   McKinney National   Dallas, TX   2012-07-11 01:01PM PDT   2012-07-11 06:04PM CDT   3:03
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-11 06:20PM CDT   2012-07-11 06:57PM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2012-07-12 07:44AM CDT   2012-07-12 10:38AM EDT   1:54
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KDWH   Hooks Mem Arpt   Houston, TX   2012-07-20 03:07PM EDT   2012-07-20 03:54PM CDT   1:47
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2012-07-21 06:41AM CDT   2012-07-21 07:20AM CDT   0:39
N752SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCKV   Outlaw Field   Clarksville, TN   2012-07-21 07:42AM CDT   2012-07-21 09:05AM CDT   1:23
N752SP   E135   KCKV   Outlaw Field   Clarksville, TN   KFLL   Hollywood Int'l   Fort Lauderdale, FL   2012-07-21 10:13AM CDT   2012-07-21 01:14PM EDT   2:01
N752SP   E135   KFLL   Hollywood Int'l   Fort Lauderdale, FL   KFWS   Fort Worth Spinks   Fort Worth, TX   2012-07-22 11:56AM EDT   2012-07-22 01:22PM CDT   2:26
N752SP   E135   KFWS   Fort Worth Spinks   Fort Worth, TX   KTKI   McKinney National   Dallas, TX   2012-07-22 01:54PM CDT   2012-07-22 02:06PM CDT   0:12
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-07-22 06:09PM CDT   2012-07-22 06:46PM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KDPA   Dupage   Chicago/West Chicago, IL   2012-07-23 04:03PM CDT   2012-07-23 06:04PM CDT   2:01
N752SP   E135   KDPA   Dupage   Chicago/West Chicago, IL   KCKV   Outlaw Field   Clarksville, TN   2012-07-25 09:58AM CDT   2012-07-25 10:52AM CDT   0:54
N752SP   E135   KCKV   Outlaw Field   Clarksville, TN   KDAL   Dallas Love Field   Dallas, TX   2012-07-25 12:22PM CDT   2012-07-25 01:44PM CDT   1:22
N752SP   E135   KDAL   Dallas Love Field   Dallas, TX   KDWH   Hooks Mem Arpt   Houston, TX   2012-07-25 02:07PM CDT   2012-07-25 02:42PM CDT   0:35
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KDPA   Dupage   Chicago/West Chicago, IL   2012-07-26 01:00PM CDT   2012-07-26 03:00PM CDT   2:00
N752SP   E135   KDPA   Dupage   Chicago/West Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2012-07-26 04:07PM CDT   2012-07-26 06:15PM CDT   2:08
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MMUN   Cancun Int'l   Cancun, Quintana Roo   2012-07-31 01:10PM CDT   2012-07-31 01:10PM CDT   n/a
N752SP   E135   MMUN   Cancun Int'l   Cancun, Quintana Roo   KHOU   William P Hobby   Houston, TX   2012-08-03 07:19PM CDT   2012-08-03 09:00PM CDT   1:41
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-08-04 03:58PM CDT   2012-08-04 04:09PM CDT   0:11
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2012-08-05 02:54PM CDT   2012-08-05 10:10PM NDT   4:46
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2012-08-05 11:23PM NDT   2012-08-06 02:53AM BST   n/a
N752SP   E135   EGPH   Edinburgh   Edinburgh, Scotland   KBGR   Bangor Intl   Bangor, ME   2012-08-13 11:42AM BST   2012-08-13 01:09PM EDT   6:27
N752SP   E135   KBGR   Bangor Intl   Bangor, ME   KCXO   Lone Star Executive   Houston, TX   2012-08-13 01:49PM EDT   2012-08-13 04:54PM CDT   4:05

 

23
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2012-08-16 08:03AM CDT   2012-08-16 08:15AM CDT   0:12
N752SP   E135   KHOU   William P Hobby   Houston, TX   KJAC   Jackson Hole   Jackson, WY   2012-08-16 10:03AM CDT   2012-08-16 12:08PM MDT   3:05
N752SP   E135   KJAC   Jackson Hole   Jackson, WY   KHOU   William P Hobby   Houston, TX   2012-08-19 11:46AM MDT   2012-08-19 03:37PM CDT   2:51
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-08-19 04:30PM CDT   2012-08-19 04:42PM CDT   0:12
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KSFO   San Francisco Intl   San Francisco, CA   2012-09-06 07:26AM CDT   2012-09-06 08:52AM PDT   3:26
N752SP   E135   KSFO   San Francisco Intl   San Francisco, CA   KCXO   Lone Star Executive   Houston, TX   2012-09-06 04:30PM PDT   2012-09-06 09:42PM CDT   3:12
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-09-11 08:13AM CDT   2012-09-11 09:40AM PDT   3:27
N752SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KCXO   Lone Star Executive   Houston, TX   2012-09-13 01:15PM PDT   2012-09-13 06:26PM CDT   3:11
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-09-14 05:30PM CDT   2012-09-14 06:14PM CDT   0:44
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-16 09:56PM CDT   2012-09-16 10:36PM CDT   0:40
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-09-18 01:08PM CDT   2012-09-18 01:50PM CDT   0:42
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCOS   Colorado Sprgs Muni   Colorado Springs, CO   2012-09-18 03:00PM CDT   2012-09-18 03:32PM MDT   1:32
N752SP   E135   KCOS   Colorado Sprgs Muni   Colorado Springs, CO   KTKI   McKinney National   Dallas, TX   2012-09-19 08:55AM MDT   2012-09-19 11:15AM CDT   1:20
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-19 11:33AM CDT   2012-09-19 12:12PM CDT   0:39
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-09-23 05:55PM CDT   2012-09-23 04:11PM PDT   0:16
N752SP       KCXO   Lone Star Executive   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-09-23 05:55PM CDT   2012-09-23 07:25PM PDT   3:30
N752SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KCXO   Lone Star Executive   Houston, TX   2012-09-25 07:01PM PDT   2012-09-26 12:06AM CDT   3:05
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-09-28 05:09PM CDT   2012-09-28 05:50PM CDT   0:41
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-09-30 09:52PM CDT   2012-09-30 10:25PM CDT   0:33
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KONT   Ontario Intl   Ontario, CA   2012-10-01 08:17AM CDT   2012-10-01 09:13AM PDT   2:56
N752SP   E135   KONT   Ontario Intl   Ontario, CA   KCXO   Lone Star Executive   Houston, TX   2012-10-01 12:54PM PDT   2012-10-01 05:35PM CDT   2:41
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   CYUL   Montreal-Trudeau   Montreal, Quebec   2012-10-11 01:48PM CDT   2012-10-11 05:54PM EDT   3:06
N752SP   E135   CYUL   Montreal-Trudeau   Montreal, Quebec   KCWF   Chennault Intl   Lake Charles, LA   2012-10-12 09:26AM EDT   2012-10-12 12:02PM CDT   3:36
N752SP   E135   KCWF   Chennault Intl   Lake Charles, LA   KCXO   Lone Star Executive   Houston, TX   2012-10-12 12:36PM CDT   2012-10-12 01:11PM CDT   0:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-10-17 05:42PM CDT   2012-10-17 06:25PM CDT   0:43
N752SP   E135   KTKI   McKinney National   Dallas, TX   KAGS   Augusta Regional   Augusta, GA   2012-10-18 07:40AM CDT   2012-10-18 10:21AM EDT   1:41
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2012-10-20 02:11PM EDT   2012-10-20 03:07PM CDT   1:56
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-10-21 05:17PM CDT   2012-10-21 05:59PM CDT   0:42
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-10-23 08:23AM CDT   2012-10-23 09:00AM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAMW   Ames Muni   Ames, IA   2012-10-26 12:00PM CDT   2012-10-26 01:43PM CDT   1:43
N752SP   E135   KAMW   Ames Muni   Ames, IA   KCXO   Lone Star Executive   Houston, TX   2012-10-27 10:59PM CDT   2012-10-28 12:40AM CDT   1:41
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSY   New Orleans Intl   New Orleans, LA   2012-11-01 05:12AM CDT   2012-11-01 05:56AM CDT   0:44
N752SP   E135   KMSY   New Orleans Intl   New Orleans, LA   KPIR   Pierre Rgnl   Pierre, SD   2012-11-01 07:40AM CDT   2012-11-01 07:40AM CDT   n/a
N752SP   E135   KPIR   Pierre Rgnl   Pierre, SD   KMSY   New Orleans Intl   New Orleans, LA   2012-11-04 04:48PM CST   2012-11-04 07:06PM CST   2:18
N752SP   E135   KMSY   New Orleans Intl   New Orleans, LA   KDWH   Hooks Mem Arpt   Houston, TX   2012-11-04 08:00PM CST   2012-11-04 08:53PM CST   0:53
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KMRY   Monterey Rgnl   Monterey, CA   2012-11-05 09:12AM CST   2012-11-05 10:39AM PST   3:27
N752SP   E135   KMRY   Monterey Rgnl   Monterey, CA   KDWH   Hooks Mem Arpt   Houston, TX   2012-11-07 08:14AM PST   2012-11-07 01:25PM CST   3:11
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-11-07 02:00PM CST   2012-11-07 02:11PM CST   0:11
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-11-12 02:10PM CST   2012-11-12 04:51PM EST   1:41
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-11-13 07:06PM EST   2012-11-13 07:56PM CST   1:50
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2012-11-14 11:10AM CST   2012-11-14 01:49PM EST   1:39
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2012-11-14 03:37PM EST   2012-11-14 04:27PM CST   1:50
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2012-11-18 08:15AM CST   2012-11-18 08:15AM CST   n/a
N752SP   E135   KHOU   William P Hobby   Houston, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2012-11-18 10:16AM CST   2012-11-18 10:47AM CST   0:31
N752SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KHOU   William P Hobby   Houston, TX   2012-11-18 04:58PM CST   2012-11-18 05:28PM CST   0:30
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2012-11-18 06:16PM CST   2012-11-18 06:27PM CST   0:11
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAMW   Ames Muni   Ames, IA   2012-11-22 08:38AM CST   2012-11-22 10:23AM CST   1:45
N752SP   E135   KAMW   Ames Muni   Ames, IA   KCXO   Lone Star Executive   Houston, TX   2012-11-23 07:10PM CST   2012-11-23 08:56PM CST   1:46
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-11-25 04:30PM CST   2012-11-25 05:10PM CST   0:40
N752SP   E135   KTKI   McKinney National   Dallas, TX   KTVC   Cherry Capital   Traverse City, MI   2012-11-25 05:47PM CST   2012-11-25 08:54PM EST   2:07
N752SP   E135   KTVC   Cherry Capital   Traverse City, MI   CYYR   CFB Goose Bay (Goose Bay)   Goose Bay, Labrador   2012-11-25 09:42PM EST   2012-11-26 01:13AM AST   2:31
N752SP   E135   CYYR   CFB Goose Bay (Goose Bay)   Goose Bay, Labrador   EGPH   Edinburgh   Edinburgh, Scotland   2012-11-26 01:58AM AST   2012-11-26 05:58AM GMT   n/a
N752SP   E135   EGPH   Edinburgh   Edinburgh, Scotland   KBGR   Bangor Intl   Bangor, ME   2012-11-28 03:06PM GMT   2012-11-28 04:47PM EST   6:41
N752SP   E135   KBGR   Bangor Intl   Bangor, ME   KCXO   Lone Star Executive   Houston, TX   2012-11-28 05:59PM EST   2012-11-28 09:00PM CST   4:01
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-12-06 05:31PM CST   2012-12-06 06:07PM CST   0:36
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-12-08 01:36PM CST   2012-12-08 02:11PM CST   0:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-12-09 10:54AM CST   2012-12-09 11:33AM CST   0:38
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2012-12-09 09:02PM CST   2012-12-09 10:15PM CST   1:13
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KSUA   Witham Field   Stuart, FL   2012-12-11 08:20AM CST   2012-12-11 11:26AM EST   2:06
N752SP   E135   KSUA   Witham Field   Stuart, FL   KRYY   Cobb County   Atlanta, GA   2012-12-13 02:41PM EST   2012-12-13 04:03PM EST   1:22
N752SP   E135   KRYY   Cobb County   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2012-12-13 04:30PM EST   2012-12-13 05:16PM CST   1:46
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2012-12-14 02:35PM CST   2012-12-14 03:14PM CST   0:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KAGS   Augusta Regional   Augusta, GA   2012-12-17 02:58PM CST   2012-12-17 05:40PM EST   1:42
N752SP   E135   KHPN   Westchester County   White Plains, NY   KAGS   Augusta Regional   Augusta, GA   2012-12-18 08:08AM EST   2012-12-18 09:55AM EST   1:47
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KHPN   Westchester County   White Plains, NY   2012-12-19 03:16PM EST   2012-12-19 04:57PM EST   1:41
N752SP   E135   KHPN   Westchester County   White Plains, NY   KTKI   McKinney National   Dallas, TX   2012-12-19 05:36PM EST   2012-12-19 08:00PM CST   3:24

 

24
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   KTKI   McKinney National   Dallas, TX   KFYV   Drake Field   Fayetteville, AR   2012-12-20 04:37PM CST   2012-12-20 05:23PM CST   0:46
N752SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2012-12-23 04:15PM CST   2012-12-23 04:54PM CST   0:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-02 09:12AM CST   2013-01-02 09:55AM CST   0:43
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-01-04 02:07PM CST   2013-01-04 02:46PM CST   0:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-06 09:44PM CST   2013-01-06 10:21PM CST   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   2013-01-06 11:13PM CST   2013-01-07 12:24AM CST   1:11
N752SP   E135   KBHM   Birmingham-Shuttlesworth Intl   Birmingham, AL   KCXO   Lone Star Executive   Houston, TX   2013-01-11 05:28PM CST   2013-01-11 06:53PM CST   1:25
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-01-18 06:43AM CST   2013-01-18 07:00AM CST   0:17
N752SP   E135   KHOU   William P Hobby   Houston, TX   KMAF   Midland Intl   Midland, TX   2013-01-18 08:28AM CST   2013-01-18 09:43AM CST   1:15
N752SP   E135   KMAF   Midland Intl   Midland, TX   MWCR   Owen Roberts Int'l   Georgetown, Grand Cayman   2013-01-18 10:28AM CST   2013-01-18 11:28AM EST   n/a
N752SP   E135   MWCR   Owen Roberts Int'l   Georgetown, Grand Cayman   KHOU   William P Hobby   Houston, TX   2013-01-21 03:11PM EST   2013-01-21 05:11PM CST   2:59
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-21 06:02PM CST   2013-01-21 06:19PM CST   0:17
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KDWH   Hooks Mem Arpt   Houston, TX   2013-01-24 10:27AM CST   2013-01-24 10:38AM CST   0:11
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KOKC   Will Rogers World   Oklahoma City, OK   2013-01-24 11:58AM CST   2013-01-24 12:56PM CST   0:58
N752SP   E135   KOKC   Will Rogers World   Oklahoma City, OK   KTCL   Tuscaloosa Rgnl   Tuscaloosa, AL   2013-01-24 02:03PM CST   2013-01-24 03:22PM CST   1:19
N752SP   E135   KTCL   Tuscaloosa Rgnl   Tuscaloosa, AL   KOKC   Will Rogers World   Oklahoma City, OK   2013-01-26 03:25PM CST   2013-01-26 04:58PM CST   1:33
N752SP   E135   KOKC   Will Rogers World   Oklahoma City, OK   KDWH   Hooks Mem Arpt   Houston, TX   2013-01-26 05:37PM CST   2013-01-26 06:32PM CST   0:55
N752SP   E135   KDWH   Hooks Mem Arpt   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-26 07:12PM CST   2013-01-26 07:25PM CST   0:13
N752SP   E135   KBOS   Boston Logan Intl   Boston, MA   KCXO   Lone Star Executive   Houston, TX   2013-01-27 09:09PM EST   2013-01-27 11:53PM CST   3:44
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2013-01-28 09:02AM CST   2013-01-28 10:11AM CST   1:09
N752SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-01-28 10:33AM CST   2013-01-28 12:19PM EST   0:46
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2013-01-30 11:07AM EST   2013-01-30 11:03AM CST   0:56
N752SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KDAL   Dallas Love Field   Dallas, TX   2013-01-30 11:36AM CST   2013-01-30 01:09PM CST   1:33
N752SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-01-30 01:39PM CST   2013-01-30 02:15PM CST   0:36
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KSGR   Sugar Land Rgnl   Houston, TX   2013-02-01 07:27AM CST   2013-02-01 07:44AM CST   0:17
N752SP   E135   KSGR   Sugar Land Rgnl   Houston, TX   KOUN   Univ of OK Arpt   Norman, OK   2013-02-01 09:01AM CST   2013-02-01 10:08AM CST   1:07
N752SP   E135   KOUN   Univ of OK Arpt   Norman, OK   KLAS   McCarran Intl   Las Vegas, NV   2013-02-01 10:44AM CST   2013-02-01 11:15AM PST   2:31
N752SP   E135   KLAS   McCarran Intl   Las Vegas, NV   KOUN   Univ of OK Arpt   Norman, OK   2013-02-04 11:55AM PST   2013-02-04 04:01PM CST   2:06
N752SP   E135   KOUN   Univ of OK Arpt   Norman, OK   KSGR   Sugar Land Rgnl   Houston, TX   2013-02-04 04:38PM CST   2013-02-04 05:41PM CST   1:03
N752SP   E135   KSGR   Sugar Land Rgnl   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-04 06:08PM CST   2013-02-04 06:27PM CST   0:19
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-02-08 06:01PM CST   2013-02-08 06:43PM CST   0:42
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-02-11 07:08AM CST   2013-02-11 09:43AM EST   1:35
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KTKI   McKinney National   Dallas, TX   2013-02-12 02:08PM EST   2013-02-12 01:08PM CST   n/a
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-12 03:59PM CST   2013-02-12 04:48PM CST   0:49
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MRLB   Daniel Oduber Int'l   Liberia (Costa Rica)   2013-02-12 05:38PM CST   2013-02-12 05:38PM CST   n/a
N752SP   E135   MRLB   Daniel Oduber Int'l   Liberia   KHOU   William P Hobby   Houston, TX   2013-02-15 10:15AM CST   2013-02-15 01:48PM CST   3:32
N752SP   E135   KHOU   William P Hobby   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-02-15 02:43PM CST   2013-02-15 03:35PM CST   0:52
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-17 09:50PM CST   2013-02-17 10:26PM CST   0:36
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2013-02-20 06:18AM CST   2013-02-20 06:51AM CST   0:33
N752SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KFTW   Fort Worth Meacham Intl   Fort Worth, TX   2013-02-20 11:33AM CST   2013-02-20 12:11PM CST   0:38
N752SP   E135   KFTW   Fort Worth Meacham Intl   Fort Worth, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-20 03:13PM CST   2013-02-20 03:47PM CST   0:34
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-02-22 04:45PM CST   2013-02-22 05:24PM CST   0:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-02-24 09:54PM CST   2013-02-24 10:32PM CST   0:38
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHSV   Huntsville Intl   Huntsville, AL   2013-02-27 02:47PM CST   2013-02-27 03:50PM CST   1:03
N752SP   E135   KHSV   Huntsville Intl   Huntsville, AL   KEWR   Newark Liberty Intl   Newark, NJ   2013-02-27 05:24PM CST   2013-02-27 08:10PM EST   1:46
N752SP   E135   KHSV   Huntsville Intl   Huntsville, AL   KMMU   Morristown Muni   Morristown, NJ   2013-02-27 05:24PM CST   2013-02-27 06:28PM EST   0:04
N752SP   E135   KEWR   Newark Liberty Intl   Newark, NJ   KHOU   William P Hobby   Houston, TX   2013-02-28 07:26AM EST   2013-02-28 10:15AM CST   3:49
N752SP   E135   KHOU   William P Hobby   Houston, TX   KMMU   Morristown Muni   Morristown, NJ   2013-02-28 03:14PM CST   2013-02-28 06:55PM EST   2:41
N752SP   E135   KMMU   Morristown Muni   Morristown, NJ   KCXO   Lone Star Executive   Houston, TX   2013-03-01 10:43AM EST   2013-03-01 01:09PM CST   3:26
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-03-02 10:14AM CST   2013-03-02 11:00AM CST   0:46
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-02 12:11PM CST   2013-03-02 12:46PM CST   0:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MYNN   Lynden Pindling Int'l (Nassau)   Nassau   2013-03-03 10:32AM CST   2013-03-03 01:36PM EST   2:04
N752SP   E135   MYNN   Lynden Pindling Int'l (Nassau)   Nassau   KHOU   William P Hobby   Houston, TX   2013-03-08 11:46AM EST   2013-03-08 01:33PM CST   2:47
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-08 02:07PM CST   2013-03-08 02:28PM CST   0:21
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-03-08 03:08PM CST   2013-03-08 03:47PM CST   0:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-11 12:33PM CDT   2013-03-11 01:11PM CDT   0:38
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-03-14 06:59AM CDT   2013-03-14 09:39AM EDT   1:40
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2013-03-16 02:17PM EDT   2013-03-16 03:20PM CDT   2:03
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-03-16 03:38PM CDT   2013-03-16 04:18PM CDT   0:40
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-17 10:11PM CDT   2013-03-17 10:48PM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KSNA   John Wayne Arpt   Santa Ana, CA   2013-03-18 04:17PM CDT   2013-03-18 05:43PM PDT   3:26
N752SP   E135   KSNA   John Wayne Arpt   Santa Ana, CA   KSDL   Scottsdale   Scottsdale, AZ   2013-03-19 03:52PM PDT   2013-03-19 04:41PM MST   0:49
N752SP   E135   KSDL   Scottsdale   Scottsdale, AZ   KCXO   Lone Star Executive   Houston, TX   2013-03-20 02:57PM MST   2013-03-20 06:59PM CDT   2:02
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2013-03-21 09:06AM CDT   2013-03-21 10:17AM CDT   1:11
N752SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KIAD   Washington Dulles Intl   Washington, DC   2013-03-21 10:41AM CDT   2013-03-21 01:02PM EDT   1:21
N752SP   E135   KIAD   Washington Dulles Intl   Washington, DC   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2013-03-22 02:58PM EDT   2013-03-22 03:38PM CDT   1:40

 

25
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KCXO   Lone Star Executive   Houston, TX   2013-03-22 04:04PM CDT   2013-03-22 05:44PM CDT   1:40
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTUP   Tupelo Rgnl   Tupelo, MS   2013-03-23 09:59AM CDT   2013-03-23 11:03AM CDT   1:04
N752SP   E135   KTUP   Tupelo Rgnl   Tupelo, MS   MMUN   Cancun Int'l   Cancun, Quintana Roo   2013-03-23 12:51PM CDT   2013-03-23 11:51AM CST   n/a
N752SP   E135   MMUN   Cancun Int'l   Cancun, Quintana Roo   KHOU   William P Hobby   Houston, TX   2013-03-23 03:28PM CST   2013-03-23 06:23PM CDT   1:55
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-23 06:49PM CDT   2013-03-23 07:09PM CDT   0:20
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2013-03-27 09:51AM CDT   2013-03-27 10:34AM CDT   0:43
N752SP   E135   KDAL   Dallas Love Field   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-03-27 02:13PM CDT   2013-03-27 02:48PM CDT   0:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-06 08:38AM CDT   2013-04-06 11:12AM EDT   1:33
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KHPN   Westchester County   White Plains, NY   2013-04-06 11:55AM EDT   2013-04-06 01:46PM EDT   1:51
N752SP   E135   KHPN   Westchester County   White Plains, NY   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-07 01:32PM EDT   2013-04-07 03:21PM EDT   1:49
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-07 04:04PM EDT   2013-04-07 05:03PM CDT   1:59
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-08 12:34PM CDT   2013-04-08 03:13PM EDT   1:39
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KHPN   Westchester County   White Plains, NY   2013-04-08 05:50PM EDT   2013-04-08 07:38PM EDT   1:48
N752SP   E135   KHPN   Westchester County   White Plains, NY   KCXO   Lone Star Executive   Houston, TX   2013-04-08 08:20PM EDT   2013-04-08 10:46PM CDT   3:26
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-09 12:30PM CDT   2013-04-09 03:08PM EDT   1:38
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-09 05:25PM EDT   2013-04-09 06:27PM CDT   2:02
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-10 12:28PM CDT   2013-04-10 03:05PM EDT   1:37
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-10 05:56PM EDT   2013-04-10 07:01PM CDT   2:05
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-11 12:42PM CDT   2013-04-11 03:21PM EDT   1:39
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-11 05:41PM EDT   2013-04-11 06:47PM CDT   2:06
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-12 12:34PM CDT   2013-04-12 03:06PM EDT   1:32
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-12 05:35PM EDT   2013-04-12 06:35PM CDT   2:00
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-14 01:55PM CDT   2013-04-14 04:32PM EDT   1:37
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-14 09:56PM EDT   2013-04-14 10:56PM CDT   2:00
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KRYY   Cobb County   Atlanta, GA   2013-04-16 07:06AM CDT   2013-04-16 09:39AM EDT   1:33
N752SP   E135   KRYY   Cobb County   Atlanta, GA   KAGS   Augusta Regional   Augusta, GA   2013-04-16 10:08AM EDT   2013-04-16 10:45AM EDT   0:37
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2013-04-16 01:45PM EDT   2013-04-16 02:25PM EDT   0:40
N752SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KRYY   Cobb County   Atlanta, GA   2013-04-16 02:58PM EDT   2013-04-16 03:04PM EDT   0:06
N752SP   E135   KRYY   Cobb County   Atlanta, GA   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-04-16 03:34PM EDT   2013-04-16 04:01PM EDT   0:27
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-04-18 02:54PM EDT   2013-04-18 04:02PM CDT   2:08
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-04-21 06:21PM CDT   2013-04-21 06:57PM CDT   0:36
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-04-22 01:18PM CDT   2013-04-22 01:53PM CDT   0:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBKL   Burke Lakefront   Cleveland, OH   2013-05-01 11:30AM CDT   2013-05-01 02:42PM EDT   2:12
N752SP   E135   KBKL   Burke Lakefront   Cleveland, OH   KCXO   Lone Star Executive   Houston, TX   2013-05-02 03:22PM EDT   2013-05-02 04:50PM CDT   2:28
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMDW   Chicago Midway Intl   Chicago, IL   2013-05-06 06:06PM CDT   2013-05-06 08:11PM CDT   2:05
N752SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2013-05-07 02:42PM CDT   2013-05-07 04:44PM CDT   2:02
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KSDL   Scottsdale   Scottsdale, AZ   2013-05-08 08:37AM CDT   2013-05-08 09:16AM MST   2:39
N752SP   E135   KSDL   Scottsdale   Scottsdale, AZ   KONT   Ontario Intl   Ontario, CA   2013-05-08 12:46PM MST   2013-05-08 01:45PM PDT   0:59
N752SP   E135   KONT   Ontario Intl   Ontario, CA   KCXO   Lone Star Executive   Houston, TX   2013-05-09 01:38PM PDT   2013-05-09 06:34PM CDT   2:56
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MDLR   La Romana Int'l   La Romana (Dominican Republic)   2013-05-15 11:17AM CDT   2013-05-15 12:17PM AST   n/a
N752SP   E135   MDLR   La Romana Int'l   La Romana   KAUS   Austin-Bergstrom Intl   Austin, TX   2013-05-17 03:30PM AST   2013-05-17 07:25PM CDT   4:55
N752SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-17 08:07PM CDT   2013-05-17 08:07PM CDT   n/a
N752SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-17 08:07PM CDT   2013-05-17 08:33PM CDT   0:26
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-05-23 06:35PM CDT   2013-05-23 07:14PM CDT   0:39
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-05-23 07:34PM CDT   2013-05-23 08:20PM CDT   0:46
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-05-30 10:08AM CDT   2013-05-30 10:48AM CDT   0:40
N752SP   E135   KTKI   McKinney National   Dallas, TX   TXKF   Bermuda Int'l   Hamilton   2013-05-30 11:28AM CDT   2013-05-30 05:06PM ADT   3:38
N752SP   E135   TXKF   Bermuda Int'l   Hamilton   KTKI   McKinney National   Dallas, TX   2013-06-02 11:10AM ADT   2013-06-02 01:33PM CDT   4:22
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-02 02:13PM CDT   2013-06-02 02:57PM CDT   0:44
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHYI   San Marcos Muni   San Marcos, TX   2013-06-05 12:19PM CDT   2013-06-05 12:46PM CDT   0:27
N752SP   E135   KHYI   San Marcos Muni   San Marcos, TX   KHUM   Houma-Terrebonne   Houma, LA   2013-06-05 01:32PM CDT   2013-06-05 02:32PM CDT   1:00
N752SP   E135   KHUM   Houma-Terrebonne   Houma, LA   KCXO   Lone Star Executive   Houston, TX   2013-06-05 03:18PM CDT   2013-06-05 04:07PM CDT   0:49
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAPA   Centennial   Denver, CO   2013-06-06 10:01AM CDT   2013-06-06 11:00AM MDT   1:59
N752SP   E135   KAPA   Centennial   Denver, CO   KCXO   Lone Star Executive   Houston, TX   2013-06-08 03:13PM MDT   2013-06-08 05:59PM CDT   1:46
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHUM   Houma-Terrebonne   Houma, LA   2013-06-09 12:26PM CDT   2013-06-09 01:15PM CDT   0:49
N752SP   E135   KHUM   Houma-Terrebonne   Houma, LA   KHYI   San Marcos Muni   San Marcos, TX   2013-06-09 02:08PM CDT   2013-06-09 03:13PM CDT   1:05
N752SP   E135   KHYI   San Marcos Muni   San Marcos, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-09 03:45PM CDT   2013-06-09 04:14PM CDT   0:29
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2013-06-10 03:23PM CDT   2013-06-10 10:35PM NDT   4:42
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2013-06-11 12:13AM NDT   2013-06-11 08:05AM BST   4:22
N752SP   E135   EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2013-06-18 02:01PM BST   2013-06-18 03:38PM NDT   5:07
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KTKI   McKinney National   Dallas, TX   2013-06-18 04:25PM NDT   2013-06-18 07:37PM CDT   5:42
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-06-18 08:11PM CDT   2013-06-18 08:49PM CDT   0:38
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KCLE   Cleveland-Hopkins Intl   Cleveland, OH   2013-06-23 06:50AM CDT   2013-06-23 10:08AM EDT   2:18
N752SP   E135   KCLE   Cleveland-Hopkins Intl   Cleveland, OH   KCXO   Lone Star Executive   Houston, TX   2013-08-05 11:37AM EDT   2013-08-05 01:04PM CDT   2:27
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2013-08-06 06:54AM CDT   2013-08-06 11:59AM NDT   2:34
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2013-08-06 07:16AM CDT   2013-08-06 02:39PM NDT   4:53

 

26
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGPH   Edinburgh   Edinburgh, Scotland   2013-08-06 03:45PM NDT   2013-08-06 11:20PM BST   4:05
N752SP   E135   EINN   Shannon   Shannon, County Clare   CYQX   Gander Int'l   Gander, NL (Canada)   2013-08-13 01:07PM BST   2013-08-13 02:18PM NDT   4:40
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KTKI   McKinney National   Dallas, TX   2013-08-13 08:51PM NDT   2013-08-13 06:41PM CDT   0:20
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-08-13 07:31PM CDT   2013-08-13 08:08PM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KIAH   Houston Bush Int'ctl   Houston, TX   2013-08-14 02:27PM CDT   2013-08-14 02:41PM CDT   0:14
N752SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-08-15 09:24AM CDT   2013-08-15 10:08AM CDT   0:44
N752SP   E135   KTKI   McKinney National   Dallas, TX   KMDW   Chicago Midway Intl   Chicago, IL   2013-08-15 10:41AM CDT   2013-08-15 12:34PM CDT   1:53
N752SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KTKI   McKinney National   Dallas, TX   2013-08-15 05:43PM CDT   2013-08-15 06:21PM CDT   0:38
N752SP   E135   KTKI   McKinney National   Dallas, TX   KIAH   Houston Bush Int'ctl   Houston, TX   2013-08-15 06:55PM CDT   2013-08-15 07:37PM CDT   0:42
N752SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-08-16 10:01AM CDT   2013-08-16 10:12AM CDT   0:11
N752SP   E135   KHOU   William P Hobby   Houston, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2013-08-16 01:52PM CDT   2013-08-16 02:23PM CDT   0:31
N752SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KHOU   William P Hobby   Houston, TX   2013-08-16 02:49PM CDT   2013-08-16 03:18PM CDT   0:29
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-08-16 05:21PM CDT   2013-08-16 05:47PM CDT   0:26
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KCVH   Hollister Muni   Hollister, CA   2013-08-20 04:23PM CDT   2013-08-20 05:46PM PDT   3:23
N752SP   E135   KCVH   Hollister Muni   Hollister, CA   KBFI   Boeing Field Intl   Seattle, WA   2013-08-20 09:20PM PDT   2013-08-20 10:59PM PDT   1:39
N752SP   E135   KBFI   Boeing Field Intl   Seattle, WA   KCVH   Hollister Muni   Hollister, CA   2013-08-21 10:57AM PDT   2013-08-21 12:44PM PDT   1:47
N752SP   E135   KCVH   Hollister Muni   Hollister, CA   KCXO   Lone Star Executive   Houston, TX   2013-08-21 03:03PM PDT   2013-08-21 08:31PM CDT   3:28
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBED   Laurence G Hanscom Fld   Bedford, MA   2013-08-22 10:59AM CDT   2013-08-22 12:29PM EDT   0:30
N752SP   E135   KBED   Laurence G Hanscom Fld   Bedford, MA   KTEB   Teterboro   Teterboro, NJ   2013-08-22 03:08PM EDT   2013-08-22 03:57PM EDT   0:49
N752SP   E135   KTEB   Teterboro   Teterboro, NJ   KERI   Erie Intl/Tom Ridge Field   Erie, PA   2013-08-23 11:52AM EDT   2013-08-23 12:44PM EDT   0:52
N752SP   E135   KERI   Erie Intl/Tom Ridge Field   Erie, PA   KCXO   Lone Star Executive   Houston, TX   2013-08-23 01:24PM EDT   2013-08-23 02:56PM CDT   2:32
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2013-08-26 07:15AM CDT   2013-08-26 09:45AM NDT   n/a
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EGGW   London Luton   London, England   2013-08-26 03:40PM NDT   2013-08-26 07:10PM BST   n/a
N752SP       EINN   Shannon   Shannon, County Clare   CYQX   Gander Int'l   Gander, NL (Canada)   2013-08-30 04:44PM BST   2013-08-30 06:03PM NDT   4:48
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KADS   Addison   Dallas, TX   2013-08-30 06:45PM NDT   2013-08-30 09:19PM CDT   5:04
N752SP   E135   KADS   Addison   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-08-30 09:47PM CDT   2013-08-30 10:24PM CDT   0:37
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KIAD   Washington Dulles Intl   Washington, DC   2013-09-03 05:49AM CDT   2013-09-03 09:38AM EDT   2:49
N752SP   E135   KIAD   Washington Dulles Intl   Washington, DC   KCXO   Lone Star Executive   Houston, TX   2013-09-03 12:50PM EDT   2013-09-03 02:19PM CDT   2:29
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KRYY   Cobb County   Atlanta, GA   2013-09-04 08:10AM CDT   2013-09-04 10:48AM EDT   1:38
N752SP   E135   KRYY   Cobb County   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2013-09-04 03:56PM EDT   2013-09-04 04:25PM CDT   1:29
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KSAT   San Antonio Intl   San Antonio, TX   2013-09-05 10:56AM CDT   2013-09-05 11:35AM CDT   0:39
N752SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-05 03:30PM CDT   2013-09-05 04:11PM CDT   0:41
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-09-06 08:30PM CDT   2013-09-06 09:11PM CDT   0:41
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-08 09:42PM CDT   2013-09-08 10:15PM CDT   0:33
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2013-09-10 08:02AM CDT   2013-09-10 09:02AM EDT   n/a
N752SP   E135   KTEB   Teterboro   Teterboro, NJ   KBOS   Boston Logan Intl   Boston, MA   2013-09-10 06:20PM EDT   2013-09-10 07:03PM EDT   0:43
N752SP   E135   KBOS   Boston Logan Intl   Boston, MA   KCXO   Lone Star Executive   Houston, TX   2013-09-11 03:54PM EDT   2013-09-11 06:18PM CDT   3:24
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-09-13 05:10PM CDT   2013-09-13 05:53PM CDT   0:43
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-15 05:15PM CDT   2013-09-15 05:57PM CDT   0:42
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-09-17 12:01PM CDT   2013-09-17 12:36PM CDT   0:35
N752SP   E135   KTKI   McKinney National   Dallas, TX   CYQX   Gander Int'l   Gander, NL (Canada)   2013-09-17 02:09PM CDT   2013-09-17 09:34PM NDT   4:55
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   EINN   Shannon   Shannon, County Clare (Ireland)   2013-09-17 10:27PM NDT   2013-09-18 01:57AM BST   n/a
N752SP   E135   EGPH   Edinburgh   Edinburgh, Scotland   CYQX   Gander Int'l   Gander, NL (Canada)   2013-09-29 12:23PM BST   2013-09-29 01:21PM NDT   4:28
N752SP   E135   CYQX   Gander Int'l   Gander, NL (Canada)   KTKI   McKinney National   Dallas, TX   2013-09-29 02:11PM NDT   2013-09-29 04:36PM CDT   4:55
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-09-29 05:27PM CDT   2013-09-29 06:08PM CDT   0:41
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-10-02 08:24AM CDT   2013-10-02 11:07AM EDT   1:43
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-10-04 12:55PM EDT   2013-10-04 01:53PM CDT   1:58
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-10-04 02:15PM CDT   2013-10-04 02:53PM CDT   0:38
N752SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2013-10-06 06:06PM CDT   2013-10-06 06:06PM CDT   n/a
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMDW   Chicago Midway Intl   Chicago, IL   2013-10-07 09:04AM CDT   2013-10-07 10:49AM CDT   1:45
N752SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2013-10-07 04:26PM CDT   2013-10-07 06:36PM CDT   2:10
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KDAL   Dallas Love Field   Dallas, TX   2013-10-09 08:32AM CDT   2013-10-09 09:13AM CDT   0:41
N752SP   E135   KDAL   Dallas Love Field   Dallas, TX   KEDC   Austin Executive   Austin, TX   2013-10-09 01:16PM CDT   2013-10-09 01:43PM CDT   0:27
N752SP   E135   KEDC   Austin Executive   Austin, TX   KSAT   San Antonio Intl   San Antonio, TX   2013-10-10 08:24AM CDT   2013-10-10 08:50AM CDT   0:26
N752SP   E135   KSAT   San Antonio Intl   San Antonio, TX   KCXO   Lone Star Executive   Houston, TX   2013-10-10 11:36AM CDT   2013-10-10 12:15PM CDT   0:39
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-10-11 02:07PM CDT   2013-10-11 02:42PM CDT   0:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KFYV   Drake Field   Fayetteville, AR   2013-10-11 03:27PM CDT   2013-10-11 03:27PM CDT   n/a
N752SP   E135   KFYV   Drake Field   Fayetteville, AR   KTKI   McKinney National   Dallas, TX   2013-10-13 04:07PM CDT   2013-10-13 04:44PM CDT   0:37
N752SP   E135   KFYV   Drake Field   Fayetteville, AR   KCXO   Lone Star Executive   Houston, TX   2013-10-13 05:13PM CDT   2013-10-13 05:13PM CDT   n/a
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KCMA   Camarillo   Camarillo, CA   2013-10-14 10:00AM CDT   2013-10-14 11:38AM PDT   3:38
N752SP   E135   KCMA   Camarillo   Camarillo, CA   KSOW   Show Low Rgnl   Show Low, AZ   2013-10-15 10:52AM PDT   2013-10-15 11:58AM MST   1:06
N752SP   E135   KFYV   Drake Field   Fayetteville, AR   KCXO   Lone Star Executive   Houston, TX   2013-10-15 04:33PM CDT   2013-10-15 04:33PM CDT   n/a
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-10-17 06:50AM CDT   2013-10-17 09:29AM EDT   1:39
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KTKI   McKinney National   Dallas, TX   2013-10-19 02:09PM EDT   2013-10-19 03:25PM CDT   2:16
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-10-19 05:09PM CDT   2013-10-19 05:49PM CDT   0:40
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-10-19 11:01PM CDT   2013-10-19 11:36PM CDT   0:35

 

27
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-10-20 09:20PM CDT   2013-10-20 10:04PM CDT   0:44
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KPHL   Philadelphia Intl   Philadelphia, PA   2013-10-21 01:05PM CDT   2013-10-21 02:05PM EDT   n/a
N752SP   E135   KPHL   Philadelphia Intl   Philadelphia, PA   KCXO   Lone Star Executive   Houston, TX   2013-10-21 10:07PM EDT   2013-10-22 12:42AM CDT   3:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMKC   Wheeler Downtown   Kansas City, MO   2013-10-23 08:10AM CDT   2013-10-23 09:39AM CDT   1:29
N752SP   E135   KMKC   Wheeler Downtown   Kansas City, MO   KSTL   Lambert-St Louis Intl   St Louis, MO   2013-10-23 01:30PM CDT   2013-10-23 02:07PM CDT   0:37
N752SP   E135   KSTL   Lambert-St Louis Intl   St Louis, MO   KCMH   Port Columbus Intl   Columbus, OH   2013-10-24 07:27AM CDT   2013-10-24 09:25AM EDT   0:58
N752SP   E135   KCMH   Port Columbus Intl   Columbus, OH   KERI   Erie Intl/Tom Ridge Field   Erie, PA   2013-10-24 12:56PM EDT   2013-10-24 01:33PM EDT   0:37
N752SP   E135   KERI   Erie Intl/Tom Ridge Field   Erie, PA   KCXO   Lone Star Executive   Houston, TX   2013-10-24 02:07PM EDT   2013-10-24 03:54PM CDT   2:47
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-10-25 04:58PM CDT   2013-10-25 05:39PM CDT   0:41
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-10-27 09:44PM CDT   2013-10-27 10:26PM CDT   0:42
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-10-30 04:19PM CDT   2013-10-30 04:40PM CDT   0:21
N752SP   E135   KHOU   William P Hobby   Houston, TX   KTEB   Teterboro   Teterboro, NJ   2013-10-30 06:42PM CDT   2013-10-30 10:30PM EDT   2:48
N752SP   E135   KTEB   Teterboro   Teterboro, NJ   KHOU   William P Hobby   Houston, TX   2013-11-01 07:26PM EDT   2013-11-01 10:11PM CDT   3:45
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-11-01 10:46PM CDT   2013-11-01 10:59PM CDT   0:13
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-11-07 07:24AM CST   2013-11-07 10:02AM EST   1:38
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2013-11-07 10:43AM EST   2013-11-07 11:43AM CST   2:00
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2013-11-08 11:15AM CST   2013-11-08 01:49PM EST   1:34
N752SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KAGS   Augusta Regional   Augusta, GA   2013-11-08 02:33PM EST   2013-11-08 03:02PM EST   0:29
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2013-11-10 03:12PM EST   2013-11-10 03:44PM EST   0:32
N752SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2013-11-10 04:19PM EST   2013-11-10 05:06PM CST   1:47
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-11-11 08:47AM CST   2013-11-11 11:23AM EST   1:36
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-11-12 02:36PM EST   2013-11-12 03:47PM CST   2:11
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2013-11-12 04:38PM CST   2013-11-12 07:09PM EST   1:31
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2013-11-13 12:59PM EST   2013-11-13 02:05PM CST   2:06
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2013-11-14 09:44AM CST   2013-11-14 12:25PM EST   1:41
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KATL   Hartsfield-Jackson Intl   Atlanta, GA   2013-11-14 02:56PM EST   2013-11-14 03:32PM EST   0:36
N752SP   E135   KATL   Hartsfield-Jackson Intl   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2013-11-14 04:04PM EST   2013-11-14 04:54PM CST   1:50
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-11-15 03:56PM CST   2013-11-15 04:36PM CST   0:40
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-11-17 08:47PM CST   2013-11-17 09:29PM CST   0:42
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   2013-11-19 07:12AM CST   2013-11-19 08:23AM CST   1:11
N752SP   E135   KMSL   Northwest Alabama Rgnl   Muscle Shoals, AL   KIAD   Washington Dulles Intl   Washington, DC   2013-11-19 08:33AM CST   2013-11-19 09:33AM EST   n/a
N752SP   E135   KIAD   Washington Dulles Intl   Washington, DC   KCXO   Lone Star Executive   Houston, TX   2013-11-20 12:15PM EST   2013-11-20 02:09PM CST   2:53
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-11-21 04:03PM CST   2013-11-21 04:39PM CST   0:35
N752SP   E135   KTKI   McKinney National   Dallas, TX   KHOU   William P Hobby   Houston, TX   2013-11-24 06:43PM CST   2013-11-24 07:33PM CST   0:50
N752SP   E135   KHOU   William P Hobby   Houston, TX   TJBQ   Rafael Hernandez   Aguadilla, PR   2013-11-25 09:41AM CST   2013-11-25 03:18PM AST   3:37
N752SP   E135   TJBQ   Rafael Hernandez   Aguadilla, PR   KHOU   William P Hobby   Houston, TX   2013-12-01 12:11PM AST   2013-12-01 02:45PM CST   4:34
N752SP   E135   KHOU   William P Hobby   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-12-01 03:51PM CST   2013-12-01 04:38PM CST   0:47
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-12-01 07:03PM CST   2013-12-01 07:42PM CST   0:39
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMDW   Chicago Midway Intl   Chicago, IL   2013-12-02 07:05AM CST   2013-12-02 09:12AM CST   2:07
N752SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KMKE   General Mitchell Intl   Milwaukee, WI   2013-12-02 04:05PM CST   2013-12-02 04:27PM CST   0:22
N752SP   E135   KMKE   General Mitchell Intl   Milwaukee, WI   KMKC   Wheeler Downtown   Kansas City, MO   2013-12-03 10:50AM CST   2013-12-03 12:06PM CST   1:16
N752SP   E135   KMKC   Wheeler Downtown   Kansas City, MO   KCXO   Lone Star Executive   Houston, TX   2013-12-03 02:41PM CST   2013-12-03 04:11PM CST   1:30
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KRYY   Cobb County   Atlanta, GA   2013-12-04 08:25AM CST   2013-12-04 11:06AM EST   1:41
N752SP   E135   KRYY   Cobb County   Atlanta, GA   KCXO   Lone Star Executive   Houston, TX   2013-12-04 01:59PM EST   2013-12-04 02:48PM CST   1:49
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KONT   Ontario Intl   Ontario, CA   2013-12-05 09:30AM CST   2013-12-05 10:46AM PST   3:15
N752SP   E135   KONT   Ontario Intl   Ontario, CA   KCXO   Lone Star Executive   Houston, TX   2013-12-05 02:18PM PST   2013-12-05 06:49PM CST   2:31
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   TXKF   Bermuda Int'l   Hamilton   2013-12-08 10:04AM CST   2013-12-08 03:18PM AST   3:14
N752SP   E135   TXKF   Bermuda Int'l   Hamilton   KSAV   Savannah/Hilton Head Intl   Savannah, GA   2013-12-10 11:16AM AST   2013-12-10 10:16AM EST   n/a
N752SP   E135   KSAV   Savannah/Hilton Head Intl   Savannah, GA   KCXO   Lone Star Executive   Houston, TX   2013-12-10 01:27PM EST   2013-12-10 02:45PM CST   2:18
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KGON   Groton-New London   Groton (New London), CT   2013-12-11 09:26AM CST   2013-12-11 01:04PM EST   2:38
N752SP   E135   KGON   Groton-New London   Groton (New London), CT   KSTL   Lambert-St Louis Intl   St Louis, MO   2013-12-12 01:10PM EST   2013-12-12 02:42PM CST   2:31
N752SP   E135   KSTL   Lambert-St Louis Intl   St Louis, MO   KCXO   Lone Star Executive   Houston, TX   2013-12-12 03:18PM CST   2013-12-12 04:49PM CST   1:30
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-12-13 03:40PM CST   2013-12-13 04:24PM CST   0:44
N752SP   E135   KTKI   McKinney National   Dallas, TX   KAPA   Centennial   Denver, CO   2013-12-13 05:05PM CST   2013-12-13 05:43PM MST   1:38
N752SP   E135   KAPA   Centennial   Denver, CO   KTKI   McKinney National   Dallas, TX   2013-12-14 02:54PM MST   2013-12-14 05:18PM CST   1:24
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-12-15 08:51PM CST   2013-12-15 09:37PM CST   0:46
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2013-12-19 06:05PM CST   2013-12-19 06:43PM CST   0:38
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2013-12-19 07:09PM CST   2013-12-19 07:51PM CST   0:41
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KBWI   Baltimore/Washington Intl   Baltimore, MD   2013-12-21 05:16AM CST   2013-12-21 08:37AM EST   2:21
N752SP   E135   KBWI   Baltimore/Washington Intl   Baltimore, MD   KIAH   Houston Bush Int'ctl   Houston, TX   2013-12-21 10:15AM EST   2013-12-21 12:35PM CST   3:20
N752SP   E135   KIAH   Houston Bush Int'ctl   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2013-12-21 02:37PM CST   2013-12-21 02:49PM CST   0:12
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2013-12-26 12:00PM CST   2013-12-26 12:19PM CST   0:19
N752SP   E135   KHOU   William P Hobby   Houston, TX   KASE   Aspen-Pitkin County   Aspen, CO   2013-12-26 02:06PM CST   2013-12-26 03:20PM MST   2:14
N752SP   E135   KASE   Aspen-Pitkin County   Aspen, CO   KCXO   Lone Star Executive   Houston, TX   2013-12-27 12:11PM MST   2013-12-27 03:21PM CST   2:10
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KASE   Aspen-Pitkin County   Aspen, CO   2014-01-02 09:03AM CST   2014-01-02 10:19AM MST   2:15
N752SP   E135   KASE   Aspen-Pitkin County   Aspen, CO   KHOU   William P Hobby   Houston, TX   2014-01-02 11:45AM MST   2014-01-02 02:59PM CST   2:14

 

28
 

 

STADIUM CAPITAL MANAGEMENT GP, LP

 

Exhibit 2: Aircraft Tail # N752SP - Recent Two Years Flight History

 

Ident   Type   Origin   Origin Name   Origin City   Destination   Destination Name   Destination City   Departure Time   Arrival Time   Enroute
                                         
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-02 03:39PM CST   2014-01-02 04:00PM CST   0:21
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MMSL   Cabo San Lucas Int'l   Cabo San Lucas, Baja California Sur   2014-01-03 12:53PM CST   2014-01-03 11:53AM MST   n/a
N752SP   E135   MMSL   Cabo San Lucas Int'l   Cabo San Lucas, Baja California Sur   KAPA   Centennial   Denver, CO   2014-01-03 04:45PM MST   2014-01-03 04:45PM MST   n/a
N752SP   E135   KAPA   Centennial   Denver, CO   KSLC   Salt Lake City Intl   Salt Lake City, UT   2014-01-03 08:09PM MST   2014-01-03 09:24PM MST   1:15
N752SP   E135   KSLC   Salt Lake City Intl   Salt Lake City, UT   KAPA   Centennial   Denver, CO   2014-01-04 11:51AM MST   2014-01-04 12:54PM MST   1:03
N752SP   E135   KAPA   Centennial   Denver, CO   KORF   Norfolk Intl   Norfolk, VA   2014-01-04 01:55PM MST   2014-01-04 06:45PM EST   2:50
N752SP   E135   KORF   Norfolk Intl   Norfolk, VA   KLGA   LaGuardia   New York, NY   2014-01-04 07:31PM EST   2014-01-04 08:19PM EST   0:48
N752SP   E135   KLGA   LaGuardia   New York, NY   KTKI   McKinney National   Dallas, TX   2014-01-05 09:47AM EST   2014-01-05 12:23PM CST   3:36
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-05 12:51PM CST   2014-01-05 01:29PM CST   0:38
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2014-01-09 11:08AM CST   2014-01-09 01:42PM EST   1:34
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2014-01-09 11:08AM CST   2014-01-09 12:37PM EST   0:29
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2014-01-09 03:43PM EST   2014-01-09 05:30PM CST   2:47
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-01-10 05:54PM CST   2014-01-10 06:33PM CST   0:38
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-01-12 07:58PM CST   2014-01-12 08:43PM CST   0:45
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2014-01-14 08:08AM CST   2014-01-14 10:47AM EST   1:39
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2014-01-16 02:16PM EST   2014-01-16 03:19PM CST   2:03
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   TBPB   Grantley Adams Int'l   Bridgetown (Barbados)   2014-01-20 09:40AM CST   2014-01-20 11:40AM AST   n/a
N752SP   E135   TBPB   Grantley Adams Int'l   Bridgetown (Barbados)   KPBI   Palm Beach Intl   West Palm Beach, FL   2014-01-24 10:02AM AST   2014-01-24 12:22PM EST   3:19
N752SP   E135   KPBI   Palm Beach Intl   West Palm Beach, FL   KCXO   Lone Star Executive   Houston, TX   2014-01-27 04:33PM EST   2014-01-27 06:05PM CST   2:32
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHQU   Thomson-Mcduffie County   Thomson, GA   2014-02-01 09:22AM CST   2014-02-01 11:51AM EST   1:29
N752SP   E135   KHQU   Thomson-Mcduffie County   Thomson, GA   KCXO   Lone Star Executive   Houston, TX   2014-02-04 10:05AM EST   2014-02-04 11:12AM CST   2:07
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KISM   Kissimmee Gateway   Orlando, FL   2014-02-05 11:11AM CST   2014-02-05 02:03PM EST   1:51
N752SP   E135   KISM   Kissimmee Gateway   Orlando, FL   KCXO   Lone Star Executive   Houston, TX   2014-02-05 09:56PM EST   2014-02-05 11:05PM CST   2:09
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KAGS   Augusta Regional   Augusta, GA   2014-02-09 08:00AM CST   2014-02-09 10:35AM EST   1:35
N752SP   E135   KAGS   Augusta Regional   Augusta, GA   KCXO   Lone Star Executive   Houston, TX   2014-02-15 03:43PM EST   2014-02-15 04:51PM CST   2:08
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KHOU   William P Hobby   Houston, TX   2014-02-18 07:43AM CST   2014-02-18 08:04AM CST   0:21
N752SP   E135   KHOU   William P Hobby   Houston, TX   KAUS   Austin-Bergstrom Intl   Austin, TX   2014-02-18 11:43AM CST   2014-02-18 12:15PM CST   0:32
N752SP   E135   KAUS   Austin-Bergstrom Intl   Austin, TX   KHOU   William P Hobby   Houston, TX   2014-02-18 12:38PM CST   2014-02-18 01:11PM CST   0:33
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-18 01:52PM CST   2014-02-18 02:12PM CST   0:20
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-02-21 02:59PM CST   2014-02-21 03:41PM CST   0:42
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-22 09:00AM CST   2014-02-22 09:40AM CST   0:40
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KTKI   McKinney National   Dallas, TX   2014-02-23 12:01AM CST   2014-02-23 12:37AM CST   0:36
N752SP   E135   KTKI   McKinney National   Dallas, TX   KCXO   Lone Star Executive   Houston, TX   2014-02-23 01:13AM CST   2014-02-23 01:48AM CST   0:35
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   MMUN   Cancun Int'l   Cancun, Quintana Roo   2014-02-23 10:06AM CST   2014-02-23 10:06AM CST   n/a
N752SP   E135   MMUN   Cancun Int'l   Cancun, Quintana Roo   KHOU   William P Hobby   Houston, TX   2014-03-02 10:52AM CST   2014-03-02 12:53PM CST   2:00
N752SP   E135   KHOU   William P Hobby   Houston, TX   KCXO   Lone Star Executive   Houston, TX   2014-03-02 01:16PM CST   2014-03-02 01:34PM CST   0:18
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KMDW   Chicago Midway Intl   Chicago, IL   2014-03-04 09:54AM CST   2014-03-04 11:46AM CST   1:52
N752SP   E135   KMDW   Chicago Midway Intl   Chicago, IL   KORD   Chicago O'Hare Intl   Chicago, IL   2014-03-04 12:39PM CST   2014-03-04 12:52PM CST   0:13
N752SP       KORD   Chicago O'Hare Intl   Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2014-03-04 04:07PM CST   2014-03-04 06:34PM CST   2:27
N752SP   E135   KORD   Chicago O'Hare Intl   Chicago, IL   KCXO   Lone Star Executive   Houston, TX   2014-03-04 04:07PM CST   2014-03-04 04:07PM CST   n/a
N752SP   E135   KCXO   Lone Star Executive   Houston, TX   KSGR   Sugar Land Rgnl   Houston, TX   2014-03-05 05:18AM CST   2014-03-05 05:42AM CST   0:24
N752SP   E135   KSGR   Sugar Land Rgnl   Houston, TX   TUPJ   Terrance B. Lettsome Int'l   Beef Island / Tortola   2014-03-05 07:52AM CST   2014-03-05 01:48PM AST   3:56

 

29
 

 

Stadium Capital Management gp, lp

 

Attachment: Investor Day Presentation

 

(see attached)

 

 
 

 

 

 

2011 Analyst and

Investor Day

 

 
 

 

 

  Agenda 8:00 – 8:30 a.m. Continental Breakfast 8:30 – 8:45 a.m. Welcome and Agenda   8:45 – 9:15 a.m. Business Strategy and Branding Evolving business strategy and the branding message   9:15 – 9:45 a.m. Sales and Marketing Strategy to accelerate Workforce Optimization and MidMarket growth   9:45 – 10:15 a.m. Client Services and Operations Workforce Optimization and MidMarket client services and retention strategy; Leveraging our core competencies and operating structure   10:15 – 10:30 a.m. Break   10:30 – 11:00 a.m. Pricing and Gross Profit Bundle Plus pricing strategy   11:00 – 11:45 a.m. Adjacent Business Development Strategy Growth strategy of adjacent businesses; Integration and operations strategy   11:45 – 12:15 p.m. Break (Lunch Pick up)   12:15 – 1:15 p.m. Adjacent Businesses SaaS strategy; Discussion of Adjacent Businesses   1:15 – 1:45 p.m. Financial Implications of Evolving Business Model Historical perspective and five year financial opportunities   1:45 – 2:30 p.m. Questions & Answers and Closing Remarks   2

 

 
 

 

 

  “S a f e H a rb o r” Statement Under The Private Securities Litigation Reform Act of 1995   The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “likely,” “possibly,” “probably,” “goal,” “opportunity,” “objective,” “target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,” “indicator” and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Insperity. Inc., (“Insperity”) in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, unit growth, profit per worksite employee, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Therefore, the actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) changes in general economic conditions; (ii) regulatory and tax developments and possible adverse application of various federal, state and local regulations; (iii) the ability to secure competitive replacement contracts for health insurance and workers’ compensation contracts at expiration of current contracts; (iv) increases in health insurance costs and workers’ compensation rates and underlying claims trends, health care reform, financial solvency of workers’ compensation carriers and other insurers, state unemployment tax rates, liabilities for employee and client actions or payroll-related claims; (v) failure to manage growth of our operations and the effectiveness of our sales and marketing efforts; (vi) changes in the competitive environment in the PEO industry, including the entrance of new competitors and our ability to renew or replace client companies; (vii) our liability for worksite employee payroll and benefits costs; (viii) our liability for disclosure of sensitive or private information; (ix) our ability to integrate or realize expected returns on our Adjacent Business strategy, including acquisitions; and (x) an adverse final judgment or settlement of claims against Insperity. These factors are discussed in further detail in Insperity’s filings with the U.S. Securities and Exchange Commission. Any of these factors, or a combination of such factors, could materially affect the results of our operations and whether forward-looking statements we make ultimately prove to be accurate.   Except to the extent otherwise required by federal securities law, we do not undertake any obligation to update our forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events. This presentation includes references to previously issued guidance. The guidance reflects our estimates as of the date indicated, and does not constitute an update or reconfirmation of such guidance as of the date hereof.   3

 

 
 

 

 

2011 Analyst and Investor Day Business Strategy and Branding

 

 
 

 

 

25 Years of Success as Administaff • Created a New Industry • Developed a Dynamic Service • Established a Powerful Company • Helped Businesses Succeed 5

 

 
 

 

 

Employment Relationship With InsperityHuman Resources ManagementRecruiting and SelectionPolicies and PracticesPayroll AdministrationPayroll TaxesEmployee BenefitsWorkers’ CompensationEmployer Liability ManagementGovernment ComplianceTraining and DevelopmentManage BusinessGrow BusinessManage ChangeAlign People • 6

 

 
 

 

 

The HR Department for Small Business     The Right Job The Right People The Right Way The Right Value The Right Focus The Right Documentation The Right Resources The Right Polices   Performance Management Recruiting & Selection Training Development Employment Administration Government compliance Business Services Employer liability Management Benefits Management Revenue Generation Expense control Net profit protection     7    

 

 
 

 

 

Revenue   $ in millions $2,500   $2,013   $2,000   $1,500   $1,000     $970     $1,170     $1,389     $1,570 $1,724 $1,653 $1,720        $500   $0 2004 2005 2006 2007 2008 2009 2010 2011E*   1997 – 2010 CAGR: 18%   *Amount implied from the mid-point of our 2011 guidance issued on February 14, 2011.   8

 

 
 

 

 

National Sales and Service Infrastructure   Kansas City Denver Minneapolis St. Louis     Madison     San Francisco   Los Angeles Chicago Columbus     Boston New York New Jersey Baltimore Washington D.C. Raleigh Charlotte San Diego Atlanta   Phoenix Austin Houston San Antonio Dallas/Ft. Worth     Orlando   2010 Revenue Contribution by RegionSoutheast 11%Northeast 24%Central 15%West 19%Southwest 31%     Sales and ABUs (58 Offices, 23 Markets) Service Center (4 Locations) 300 Sales Staff   9

 

 
 

 

 

Strategy for the Future • Trusted Advisor • Business Performance Solutions • Workforce Optimization • Multiple Synergistic Businesses 10

 

 
 

 

 

 

New Business Growth Strategy       .coms Employment Screening Expense Management Business Insurance Recruiting Services Workforce optimization Retirement Services Performance Mgmt. Time & Attendance Organizational planning Technology Services     11 Insperity    

 

 
 

 

 

New Strategy – New Identity • Reach Those Who Would Not Listen • Help More Than Ever Before • Leverage the Assets and the Success • Unleash the Potential of the Company 12

 

 
 

 

 

The Name Tells a Story • Inspiration and Prosperity • Uplifting, Encouraging, Helping • Spirit in the Center • Powerful Positive Identity 13

 

 
 

 

 

The Mark Tells a Story • Compass • Starburst, Emanating, Unleashing • Lighting the Path • Powerful Positive Image 14

 

 
 

 

 

The Tagline Tells a Story Inspiring Business Performance • Two-fold Meaning • Celebrating, Commitment, Capable • Trusted Advisor • Powerful Positive Personality 15

 

 
 

 

 

New Mission Tells a Story     The mission of Insperity is to help business succeed so communities prosper. • The Next 25 Years • Powerful Positive Mission 16

 

 
 

 

 

Business Performance Advisor • Trusted Advisor to the Local Business Community • Understanding Business Performance • Guiding Clients to the Right Solutions • Making the Mission Happen 17

 

 
 

 

 

Risk Factors • Distraction from the PEO • ABU Execution • Sales Ramp Up • Service Consistency 18

 

 
 

 

 

Brand Execution • TV • Radio • Collateral • Website 19

 

 
 

 

 

2011 Analyst and Investor Day Sales and Marketing

 

 
 

 

 

 

Sales & Marketing • Core Sales • Business Performance Advisors (BPA) • MidMarket • Cross-Selling Initiative • Marketing 21

 

 
 

 

 

Core Sales • Historical Metric – One sale per BPA per month – Escalates throughout the year • 2010 – Up 20% over 2009 • Still below standards – Highest tenured BPAs • 65% over 18 months 22

 

 
 

 

 

Core Sales (cont.) Q1-2011 – 290 trained reps/BPAs – Increase by 20 this year – Back-fill existing offices – New Market (Nashville) mid-year 23

 

 
 

 

 

Core Sales (cont.) New Brand Impact – Elimination of Confusion – Opportunity to re-generate prospects – Elevator “Pitch” – Early Feedback • Easier to set appointments • Able to set appointments with past prospects 24

 

 
 

 

 

Core Sales (cont.) 5 Year Plan – Grow sales force from 300 to 450-500 BPAs • 10%-12% compounded growth – Grow from 50 to 85-90 Sales Offices – Sales Efficiency from 0.7 to 1.2 25

 

 
 

 

 

Business Performance Advisor

 

 
 

 

 

Business Performance Advisor Quarterback for Our Services – Expertise in Business Performance Solutions – Not an ABU expert – Bundle Plus strategy • Workforce Optimization first • Add other services or… • Create a customer with the other 90% 27

 

 
 

 

 

Business Performance Advisor Risk of distraction – Past Workforce Optimization exclusive “mind-set” • Sales Compensation • Activity Metrics • Assigned accounts – Build closer relationships – iSale • One Force-Oracle CRM • District Manager involvement 28

 

 
 

 

 

MidMarket

 

 
 

 

 

MidMarket • 2005 – Began Initiative • 2006 – Business Alignment Plan (BAP) • 2007 – Gap Analysis • Technology, Services, Benefits (78 items) – Business Alignment Survey (BAS) 30

 

 
 

 

 

 

MidMarket • 2008 – Established MidMarket Service Operations – Risk assessment added to BAS – Stewardship Report – Invoice reconciliation • 2009 – BAS part of sales process • Engaged the C-Level decision-maker – BAP as stand-alone product • Revenue opportunity 31

 

 
 

 

 

MidMarket (cont.) 2010 Results – 27% Close Ratio – 225 Average size account – 500+ Employees per Business Performance Consultant (BPC) – Handful of items left on “Gap” list 32

 

 
 

 

 

MidMarket (cont.) 2011 Expansion Plan – Build on success • 25% Growth over 2010 – Sales – Retention – Proven Selling System – Add four additional BPCs this year 33

 

 
 

 

 

MidMarket (cont.) 5 Year Threshold Plan – Grow from 5 BPCs to a minimum of 30 – 3.2 efficiency to 5.0 – 9.6% to 30% of total sales 34

 

 
 

 

 

Cross-Selling

 

 
 

 

 

Cross-Selling Objectives Leverage investments in core sales & marketing – Increase prospect awareness of ABU offering – Provide warm leads – Enhance close rates & reduce average sales cycle – Increase growth rates – Reduce customer acquisition costs 36

 

 
 

 

 

Cross-Selling PEO Growth Strategy   The mission of Insperity is to help businesses succeed so communities prosper. Marketing Channels Television Web Print PR/Events Prospect Referrals Radio SEO/SEM Partner-specific Existing Customers \. Company-Wide Marketing System / Marketing System\^^ E-mail Phone Web \ Closed I Business Development Manager   Forward Company Wide Nurturing/Retouch Program Customer Database Prospect Database   Inspiring Business Performance2011 Approved Flowchart __ ■ Inspiring Business Performance 2011 Approved Flowchart BfotdciMWMii Beginning ^22^2^—February March ___«£E£!L___ Mav. . Jjne Jtilv. . August September October Novembe December Monday       37

 

 
 

 

 

Cross-Selling 2010 Fall Campaign - Phase 1 – Workforce Optimization – Referrals to Adjacent Business Units (ABUs) • Each has their own sales engine • 1,600 referrals • Not disruptive to BPAs 38

 

 
 

 

 

Cross-Selling 2011 Sales Convention - Phase 2 – The “Face” of the Workforce Optimization and the ABUs as needed – “Quarterbacking” the Sales – Receiving leads from Cross-Selling – Building Relationships in the Community 39

 

 
 

 

 

Marketing

 

 
 

 

 

 

Marketing     ()Insperity. Inspiring Business Performance"' 2011Approved Flowchart         N!TWOIUC ftADJO   Rush Limba'41• Pre""'"' Sean Hannlty • Pruniere TRN • Dial Global ... ...-... ... ... ... ... ... I.I I.I I.I I.I I.I I.I I.I I.I u s.o u u s.o s.o u s.o ...-... ... I.I I.I I.I u u u ... ... ...-...- I.I I.I I.I I.I u u u u   ... ... ... ... I.I I.I I.I I.I u u u u     Nl!TWORK CABU!   Hews/ll<Jslness/Sports Netwcrl:s Olll.FOXN, f<ll<a HSNBC. ......_Golf°"'""" .. .. ..-.. 1.00.%.)Os . ... ..-.. .. .. 100-.,. 30s   DIOITAl.   Seach &lgine M.ar1o!tin9 HR Compet Key 7imd .I CTRK 1V ASBC Sched\Jle 41 Insperity.

 

 
 

 

 

Marketing Insperity Website

 

 
 

 

 

Marketing – Brochures

 

 
 

 

 

Risks • Execution – New Office Openings – Trained BPA Growth • Distractions – Rate of Change – Speed of Phased Approach • Economy – Tepid Economic Growth – Geo-political Landscape 44

 

 
 

 

 

Sales & Marketing Recap • Core Sales Increasing Efficiency • MidMarket Expanding on Successes • Cross-Selling Beginning in Earnest • New Brand Adding Momentum 45

 

 
 

 

 

2011 Analyst and Investor Day Client Services and Operations

 

 
 

 

 

Agenda • Our Core Competencies • Operational Leverage • Satisfaction and Retention 47

 

 
 

 

 

Our Core Competencies • Subject Matter Expertise • We Know HR • Understand How People Drive Success • Continually Developing Solutions – Sales/Marketing – Technology – Service Solutions – Data Steward • Developing Trust 48

 

 
 

 

 

PAYROLL SPECIALIST RECRUITING SPECIALIST CONTACT CENTER   CLIENT LIAISON SAFETY CONSULTANT TEAM MANAGER PERFORMANCE SPECIALIST HUMAN RESOURCES SPECIALIST   Employee Service CenterSM The Employee Service Center provides automated, personalized services to you and your employees. Access to these online services is available once you establish a co-employment relationship with Insperity.   49

 

 
 

 

 

Segmentation and Service Differentiation     Entrepreneur < 10 WSEE   Small Business 11 – 49 WSEE Emerging Growth 50 – 149 WSEE   MidMarket 150+ WSEE WSEE 14.2% 48.8% 22.9% 14.1% Approach High-Tech Ascending Complexity High Tech Customization Low Ascending Complexity High Touch Engagement Reactive Ascending Complexity Proactive   50

 

 
 

 

 

 

Center of Excellence Functions   Product & Service Development "What We Deliver' • SMEs - Industry Knowledge • Enhance Service Offerings • Maximize Client Value Process Management "How We Deliver" • SMEs - Business Rules • Process Ownership • Continuous Process Improvement • Best Practices Appl ication Management "Tools to Deliver " • SMEs - System Application Knowledge • Solution Design & Enhancement Product & Service Delivery "Client Delivery " • Corporate • Service Teams • Contact Center • Payroll Teams • ESC • Orientation • Business SVcs • 51 Insperity.

 

 
 

 

 

Operational Leverage • WebPayroll • Virtual Learning Center • Employee Service CenterSM 52

 

 
 

 

 

WebPayroll • Flexibility to Clients • Cost savings • Enhanced Experience • Increased Payroll Capacity 53

 

 
 

 

 

Evolution of Training Consumption   100%   90%   80%   70%   60%   50%   40%   30%   Virtual Learning Center Classroom Online 20%   10%   0% 1998 2000 2002 2004 2006 2008 2009 2010   54

 

 
 

 

 

Employee Service CenterSM: Current Measurements   Page View Summary • Total Page Views per Year: 22,815,718 • Average Page Views per Day: 62,613 Visitor Summary • Average Page Views per Visit: 8.56 • Average Visit Duration: 0:06:53 • Median Visit Duration: 0:01:14 Top 5 Pages • Advanced Paycheck Stub Search : 657,992 • ePaystub Report : 325,665 • WebPayroll Approval : 192,181 • WebPayroll Entry : 160,870 • View My PTO Summation Screen : 159,375 55

 

 
 

 

 

In Development • WIRE • Online Employee Enrollment • Employee Service CenterSM • Performance Management 56

 

 
 

 

 

Employee Service Center: Current Measurements   Page View Summary • Total Page Views per Year: 22,815,718 • Average Page Views per Day: 62,613   Visitor Summary • Average Page Views per Visit: 8.56 • Average Visit Duration: 0:06:53 • Median Visit Duration: 0:01:14   Top 5 Pages • Advanced Paycheck Stub Search : 657,992 • ePaystub Report : 325,665 • WebPayroll Approval : 192,181 • WebPayroll Entry : 160,870 • View My PTO Summation Screen : 159,375   57

 

 
 

 

 

Benefits Enrol ment Health Insurance Investment Additional Benefits   Home > Benefils ENR OLL TODAY ! Namlibero tempore, cum sotuta nobiS est el1gendi optJO cumque mhll 1mpedrt. —— - ENROLL NOW     Benefits Overview   401K Medical Dental V1s1on Flex Spend ng Ba1ance     $107,643.56 UHC 250 PPOSO VSP $42000     Benefits Benefits Enrollment Insurance   Personal Acodent Insurance Yes Basic Life Insurance. Yes Bas.c Long-Term D1sab1hty No Basic ShOrt Term Dlsabihty Yes   View Deta Is >>   Cost Overview   Open Enro lment Life Events L1fe/Personat Insurance D1sab11ity Insurance Supplemental Insurance   Monthly Medical $240 00 Dental No Cost Vision No Cost   Paycheck $120 00 Health Investment   Addihonal $2.00     $1.00 Medical Dental V1s1on OptumCare Flex Spending Accounts Health Sa111ngs Account Cobra   Additional Benefits   Adoption Assistance Commuter Benefrts Health Care Refonn HIPAA 401(k) Credt Union Educa! on Assistance 529 Colege Sa111ngs Plan Stoel< Purchase Basic Life. $12.00   Total : $254 00 $600   $127 00     ESC: My Account Benefits Products & Services Forms & Policies lntemalOnlll Company Information: About lnspenty ConvnunrtyInvolvement Employee Orectory   Site Information: FAQ Terms of Use Pnvacy Pollcy   Customet"" Set"Vice: Contacts Toll-free 877-71!>3552 7AM - 7PM CST Monday-Friday

 

 
 

 

 

Satisfaction • Methodology – Via Web – Monthly – 6 Month Timeframe • Completely vs. Mostly Satisfied 59

 

 
 

 

 

Satisfaction – 3 Year Comparison   93% 93% 95%   46% 48% 49%   47% 45% 46%   2008 2009 2010   Completely Mostly   60

 

 
 

 

 

 

Retention • Key Metric in Growth Strategy • Compensation Component • Continual Focus 61

 

 
 

 

 

Retention – 3 Year Comparison       67%     78%     78%     80%     75%     76% 91%     78%     80% 2008 2009 2010   MidMarket Core Total   62

 

 
 

 

 

Keys to Success • Raised Visibility • MidMarket Success • Start Strong Initiative • Renewal Effort 63

 

 
 

 

 

Five Year Outlook • Continue High Satisfaction Results • Continue Recent Retention Improvement • Drive Operating Leverage • Extend Expertise Across All Businesses 64

 

 
 

 

 

  Break 15 minutes

 

 
 

 

 

      2011 Analyst and Investor Day Pricing and Gross Profit

 

 
 

 

 

PEO Bundled Pricing ModelEmployee BenefitsEmployer Payroll TaxesWorkers’ CompensationEmployer Liability Management Total Service Fee (quoted as a % of Employee’s Wages) = Separate Allocation = Separate Allocation = Separate Allocation = Separate AllocationHuman Resource ManagementRecruiting and SelectionTraining and DevelopmentPolicies and PracticesPayroll AdministrationGovernment Compliance HR Services Markup 67

 

 
 

 

 

Gross Profit Per Worksite Employee   Per Worksite Employee Per Month $275     $245 $250   $225 $234 $231 $2 $1   $221 $232 $6     $200 $36 $30 $45 $3 $22 $33 $175   $150   $125   $100   Markup on HR Services Surplus on Direct Costs Adjacent Business Services   68 2006 2007 2008 2009 2010

 

 
 

 

 

Workforce Optimization Bundle Refinements For new customers only, will remove two highly socialized, lower utilization items from the bundleDirect Placement RecruitingOn-site trainingAdd a fee for new 401(k) customersAdd Performance Now Online tool to the bundleWhy refine?To match value proposition with customer expectations 69

 

 
 

 

 

Workforce Optimization Bundle Plus Pricing ModelEmployee BenefitsEmployer Payroll TaxesWorkers’ CompensationEmployer Liability Management Total Service Fee (quoted as a % of Employee’s Wages) = Separate Allocation = Separate Allocation = Separate Allocation = Separate AllocationHuman Resource ManagementRecruiting and SelectionTraining and DevelopmentPolicies and PracticesPayroll AdministrationGovernment Compliance HR Services MarkupDirect Placement RecruitingEmployment ScreeningRetirement ServicesTime and AttendanceExpense ManagementOrganizational PlanningTechnology Solutions Bundle Plus Add-on Services with discounted pricing for Workforce Optimization customers     70

 

 
 

 

 

 

Example Client – Workforce Optimization Workforce Optimization Service fee $200 Surplus on direct costs 40 Other direct costs 0 Gross profit 240 Operating expenses 190 Operating income $50 * Amounts are for illustration purposes and do not necessarily reflect historical or future results   71

 

 
 

 

 

Example Client – Adjacent Business Only Stand-Alone Adjacent Products/Services Service fee $12 Surplus on direct costs 0 Other direct costs 2 Gross profit 10 Operating expenses 7 Operating income $3 * Amounts are for illustration purposes and do not necessarily reflect historical or future results   72

 

 
 

 

 

Bundle Plus vs. Stand-Alone ABU Pricing Bundle Plus Adjacent Products/Services Stand-Alone Adjacent Products/Services Service fee $10 $12 Surplus on direct costs 0 0 Other direct costs 2 2 Gross profit 8 10 Operating expenses 5 7 Operating income $3 $3 * Amounts are for illustration purposes and do not necessarily reflect historical or future results   73

 

 
 

 

 

Example Client – Bundle Plus Workforce Optimization Bundle Plus Adjacent Products/Services Total Service fee $200 $10 $210 Surplus on direct costs 40 0 40 Other direct costs 0 2 2 Gross profit 240 8 248 Operating expenses 190 5 195 Operating income $50 $3 $53 * Amounts are for illustration purposes and do not necessarily reflect historical or future results   74

 

 
 

 

 

Example Client – HR Cloud Bundle Workforce Optimization Bundle Plus Adjacent Products/Services Total Service fee $200 $36 $236 Surplus on direct costs 40 0 40 Other direct costs 0 8 8 Gross profit 240 28 268 Operating expenses 190 12 202 Operating income $50 $16 $66 * Amounts are for illustration purposes and do not necessarily reflect historical or future results   75

 

 
 

 

 

Gross Profit Per Worksite Employee   Per Worksite Employee Per Month $275     $245     $246 $250   $225 $231 $2 $1   $221 $232   $6     $14     $200 $30 $45 $3 $22 $33 $40     $175   $150 $200 $198 $196 $193 $192   $125   $100     2007 2008 2009 2010 2011E* Markup on HR Services Surplus on Direct Costs Adjacent Business Services   *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.   76

 

 
 

 

 

    2011 Analyst and Investor Day Adjacent Business Development Strategy

 

 
 

 

 

Objectives of Adjacent Business Development   Monetize company assets and customer/ prospect database to create adjacent business earnings beyond core Insperity business     Execute Build, Buy, Partner strategy to deploy & integrate viable growth oriented ABUs     Establish a highly effective and efficient lead generation cross-selling and sales channel system     Establish infrastructure & ABU efficiencies to scale up to explosive annual growth 78

 

 
 

 

 

Expanded Customer Base   Workforce Optimization Customers (Approx. 6,000)   Adjacent Business Customers (Approx. 94,000) Workforce Optimization + Adjacent Business Customers (Bundle Plus) 79

 

 
 

 

 

Build Buy Partner PORTFOLIO DEVELOPMENT       Workforce Product and Service Portfolio     MidMarket Optimization Retirement Services Recruiting Services Employment Screening Expense Management Time & Attendance Services Performance Management Organizational Planning Business Insurance Technology Services Solutions         Sales GROWTH   Marketing     Channel Management     Administrative Support OPERATIONS   Operational Support     Technology Alignment     PORTFOLIO MANAGEMENT   Strategic Planning   Measurement & Reporting Executive Business Reviews   Corporate Infrastructure and Resources   80 ABD Infrastructure Model

 

 
 

 

 

 

Build Buy Partner PORTFOLIO DEVELOPMENT       Workforce Product and Service Portfolio     MidMarket Optimization Retirement Services Recruiting Services Employment Screening Expense Management Time & Attendance Services Performance Management Organizational Planning Business Insurance Technology Services Solutions   Corporate Infrastructure and Resources 81 ABD Infrastructure Model

 

 
 

 

 

Adjacent Business Portfolio Criteria   ABU Profile • Business products/services, SMB focused, Improve business performance • Growth Potential • Sound business model, recurring revenue stream, growth industry, strong leadership • Adds Depth • Products, services, expertise, talent • Scale • Enhance infrastructure, market share • 82

 

 
 

 

 

Workforce Product and Service Portfolio     MidMarket Optimization Retirement Services Recruiting Services Employment Screening Expense Management Time & Attendance Services Performance Management Organizational Planning Business Insurance Technology Services Solutions     PORTFOLIO MANAGEMENT     Strategic Planning   Measurement & Reporting Executive Business Reviews   Corporate Infrastructure and Resources 83 ABD Infrastructure Model

 

 
 

 

 

 Workforce Product and Service Portfolio     MidMarket Optimization Retirement Services Recruiting Services Employment Screening Expense Management Time & Attendance Services Performance Management Organizational Planning Business Insurance Technology Services Solutions     GROWTH OPERATIONS       Sales   Marketing Channel Management Administrative Support Operational Support Technology Alignment   Corporate Infrastructure and Resources 84 ABD Infrastructure Model

 

 
 

 

 

Growth Opportunities     Indirect Channels • Cloud-based channels • Fortune 1000 companies • Trade Associations • Direct Prospect Base • Business Performance Advisors • Marketing • Adjacent Business Leads • Customer Base • Workforce Optimization Clients • Adjacent Business Customers • Former Clients • 85

 

 
 

 

 

Build Buy Partner PORTFOLIO DEVELOPMENT       Workforce Product and Service Portfolio     MidMarket Optimization Retirement Services Recruiting Services Employment Screening Expense Management Time & Attendance Services Performance Management Organizational Planning Business Insurance Technology Services Solutions   Sales GROWTH   Marketing     Channel Management   Administrative Support OPERATIONS   Operational Support     Technology Alignment     PORTFOLIO MANAGEMENT   Strategic Planning   Measurement & Reporting Executive Business Reviews   Corporate Infrastructure and Resources   86 ABD Infrastructure Model

 

 
 

 

 

Adjacent Business Leadership   Executive Sponsor   Adjacent Business Support   Individual Adjacent Business Unit Leaders • Serve as champion, advocate and mentor to provide directi on and consistency from a corporate perspective • Provide operational support, strategic alignment, synergistic leverage and holistic oversight of the corporate portfolio development • Provide daily direction, oversi ght, and management of the business unit • 87  

 

 
 

 

 

2011 Objectives for Adjacent Business Development • Validate the cross-selling system Workforce Optimization Customers (Approx. 6,000)     Adjacent Business Customers (Approx. 94,000) Workforce Optimization + Adjacent Business Customers (Bundle Plus) • Continue Adjacent Business operational and technology integration • Deliberate and purposeful expansion of portfolio 88

 

 
 

 

 

Long-term Opportunities of Adjacent Business Development • Develop a systematic and scalable cross- selling system that produces 30-40% annual Adjacent Business revenue growth • Effectively price and manage costs to achieve approximately 20%-30% Adjacent Business operating margin 89

 

 
 

 

 

 

  Lunch Break 30 minutes

 

 
 

 

 

 

2011 Analyst and Investor Day Adjacent Businesses

 

 
 

 

 

“From SaaS to SwaS”

 

 
 

 

 

Executive Sponsor Paul Sarvadi Chairman of the Board & Chief Executive Officer

 

 
 

 

 

Overview Overview • Solving unique Time and Attendance challenges since 1988 • Over 92% client retention rate • Over 1,500 customers • Purchased in July 2010 • Located in Madison, Wisconsin • Reputation for well engineered products 94

 

 
 

 

 

Product Offering   Time & Attendance Rules Engine TimeSta r™     Data Collection   Mobile Solutions Self-Service Piecework/Units Milage/Dollars Allocatrion/Jobcasting Workforce Scheduling Status Monitor   Alerts I Messaging     Leave Management 95

 

 
 

 

 

Punch In Out Abou t H•lp Loti u t Product Offering   VoxUrbana Music eo.         Schedules Employee Reports Company System Global Maintenance Status Monitor Imports Diagnostics NAVIGATION                                      eovet-.e:View To Hows App<ovols Report           •tor UHf S.Cwity ero.p PwniMssioM 0.Took P•yroll Export &Mlof hriocl   REPORTS A...." ApprOKIMft,g Ovwtime P•yroll - Tra.sf• rKMCaJll Signoff bport   QUIO LAUNCH FAVORITES EJ ..O'SHAY, RACHEL [j] Abnnt ·03/12/2010   "SHEEHAN,TERRI   Lunch Too long . liJ 03/01/20 10   ..SHEEHAN, TERRI [j] E1riy In ·02/26/20 10 ,/ - + axp.1nd 111 - close all MY REQUESTS f) MORR SON, KEVIN                 Approved EMPLOYEE REQUESTS f) O'SHAY, RACHEL                                           P•nding f) DOSIER , TERESA ANDERSON,   TXO   08:59 AM   ... VICTORIA     ARLINGTON,JERRY OUT OS ,00 PM [ CHESNEY, OUT 08:05 PM CHRISTINE     COOLIDGE.BEN OUT 01:44 PM COSTELLO,DAVE lNl 01:18 PM CRESTFALLER ,     LARRY l"'D 09:06 AM DAURTE, BRANDIE OUT 03:00 PM DAVIS,BEO<Y 1"'0 08:34 AM DELACROIX.     N CHOLAS OUT 11:11AM OUT ROA.RD   : MAitrfT£NANCI: • Duhboatd     inteunce :lnsp_e.r.i._ty. m I        . 96 ti nsper1ty.

 

 
 

 

 

Differentiation Differentiation and Value Proposition • Insperity TimeStar’s in-house technical support and engineering – no outsourcing or reliance on third parties – built it in Madison, Wisconsin supported in Madison, Wisconsin • Most comprehensive offering in the market and well engineered • New release, TimeStar 8 has most modern graphical user interface Value Proposition • Insperity TimeStar improves a company’s bottom line by delivering tailored capabilities needed to automate labor tracking activities that include timekeeping, scheduling, data collection and reporting 97

 

 
 

 

 

Synergies and Business Opportunity Scalable solution, based on client company employee size (over or under 100)     Reseller of this in-house HR & payroll solution.   Abra easily integrates with Insperity TimeStar     Insperity TimeStar branded to compliment CompuPay’s payroll solution 98

 

 
 

 

 

Executive Sponsor Paul Sarvadi Chairman of the Board & Chief Executive Officer

 

 
 

 

 

•  SaaS and Desktop Solutions •  Servicing roughly 5,000 companies •  600 Companies utilizing the SaaS annual subscription model •  Over $1 Billion in expense data is processed annually through the solutions. •  Purchased in May 2010 •  Located in Irvine, California                                                 No Automation Concur •  Under-penetrated market                                                    ExpensAble Others Overview Overview 100

 

 
 

 

 

 

Product Offering   Policy Enforcement Approval Workflow Spot Audit Secure Accounting Interface Travel Integration   101

 

 
 

 

 

Differentiation and Value Proposition   Differentiation and Value Proposition • Insperity Expense Management solutions are focused on helping companies make informed decisions specific to Travel & Entertainment spending • 40% savings in labor costs by using Insperity Expense Management solutions • Consultative approach provides guidance and best practices • Visibility needed to deter and identify fraud 102

 

 
 

 

 

Synergies Synergies and Business Opportunity   Business Opportunities • Fills a gap in our current solution offering • Improve clients’ ability to track and control T&E expenses, enforce company policies • Impressive mobile app • Enhances alliance relationships • Potential springboard into other attractive segments • Ties to marketplace strategy • Large market opportunity • Platform company in a fragmented, high-growth industry • Procurement opportunity • Reloadable debit card • Packaging opportunities • 103

 

 
 

 

 

  Executive Sponsor Paul Sarvadi Chairman of the Board & Chief Executive Officer

 

 
 

 

 

•  Performance management tool developed for small business by HR professionals •  Purchased HRTools in 2006 •  All products being migrated to SaaS •  Over 35,000 marketable registered customers •  Continuing strong demand for desktop products Overview Overview 105

 

 
 

 

 

SaaS Offering Performance Now® Online   Product Offering Desktop Offerings Performance Now® Description Now® Policies Now® Ultimate Employer®   106

 

 
 

 

 

Differentiation and Value Proposition   Value Proposition • Designed for SMB customers • Easy to use and intuitive • Self service talent management • Enterprise level functionality • Allows clients to better attract, retain, and grow a highly productive and motivated workforce • Competitive advantage to Insperity clients 107

 

 
 

 

 

Synergies • Excellent cross-selling potential for Insperity solutions • PEO clients and prospects are offered world-class family of talent and performance management solutions Synergies and Business Opportunities   Business Opportunities • Software solutions incorporate best practices from the top HR experts in the world • New distribution relationships, including international • Packaging opportunities • 108

 

 
 

 

 

Executive Sponsor Paul Sarvadi Chairman of the Board & Chief Executive Officer

 

 
 

 

 

Overview   •  Industry leading organizational visualization and management software •  Insperity acquired OrgPlus from HumanConcepts in January 2011 •  Over 40,000 marketable registered customers •  SaaS product scheduled for launch in 2H 2011 •  Multiple sales and distribution channels in both domestic and international markets 110

 

 
 

 

 

 

Overview Desktop Products Product Offering   111

 

 
 

 

 

Product Offering   SaaS Launch – 2nd Half 2011   112

 

 
 

 

 

Differentiation and Value Proposition   Differentiation • Offers more than just visualization software • Data integration capability • Strong brand • Organizational modeling capability • Workforce analysis, transition planning and decision support Value Proposition • Creates a basic organizational understanding • Fuels sophisticated workforce analysis and management • Provides workforce decision support solutions that add value across any SMB organization • Helps executives, HR, finance and line managers to quickly answer workforce questions 113

 

 
 

 

 

Synergies & Benefits to Insperity   WorkForce Optimization       Workforce Visualization Workforce Analysis, Transition Planning, & Decision Support BuOsrignPelsussPOlannlinnieng 114 BOursginPelusss DFuenskcttoiopn

 

 
 

 

 

Executive Sponsor Richard Rawson President

 

 
 

 

 

Overview   • Recordkeeping and administration of 401(k) plans • Top 1% of providers • $1.5 billion in assets • 3,100 plan sponsors • 90% customer satisfaction 116 Overview

 

 
 

 

 

Multiple-Employer Plans Product Offering   Single-Employer Plans Open architecture Sell through Financial Advisors   117

 

 
 

 

 

Differentiation Differentiation and Value Proposition • Fully bundled solution • Relief from fiduciary responsibility • Turnkey solution for clients • Below market costs Value Proposition • Retirement Services delivers a 401(k) plan to fit each customer’s needs and take the worries out of sponsoring a plan, so they can focus on their business 118

 

 
 

 

 

Synergies Synergies and Business Opportunity   Business Opportunities • Increases client retention • Lower costs for clients • Adjacent to other financial services • Financial Advisor partners can recommend other Insperity products • Leverage size, experience, and expertise • Growing interest in multiple-employer plans • Awareness of fiduciary pitfalls • Knowledge of what small businesses need and want • Independent from financial products • 119

 

 
 

 

 

  Executive Sponsor Richard Rawson President

 

 
 

 

 

 

•  Partnership with Lockton: the largest privately owned, independent insurance brokerage firm in the world •  51 offices in United States, Europe, Latin America, Middle East & Asia •  Lockton is the 9th largest insurance broker in the country based on 2010 revenues Overview Overview 121

 

 
 

 

 

Product Offering   Workers’ Compensation General, Professional, and Umbrella Liability Commercial, Hired, and Non- Owned Auto Employment Practices Liability     Director’s and Officers’ Liability Property Business Interruption Crime/Employee Theft Benefits Personal Lines (High Net Worth) 122

 

 
 

 

 

Differentiation and Value Proposition   Differentiation • Experience working with small business for 20+ years • Ability to obtain quotes from a broad range of insurers • Wide range of products offered to meet business’ needs Value Proposition • We offer the advice as well as the insurance coverages necessary to properly protect your business and your employees. We’ll match your priorities and individual needs to make certain your insurance program provides the maximum value for your business. 123

 

 
 

 

 

Synergies Synergies and Business Opportunities   Business Opportunities • Fills a gap in current Workforce Optimization Solution • Potential to keep lost clients engaged • Possible lead generation and distribution channel for ABU offerings • Potential to add clients to the PEO model • All companies need insurance • Completely customizable insurance package available nationwide • Cost savings compared to outside vendors • Customer service focus – dedicated team • Cross-selling of other ABU offerings • 124

 

 
 

 

 

  Executive Sponsor Steve Arizpe Executive VP, Client Services & Chief Operating Officer

 

 
 

 

 

•  Full Service Recruiting allows business owners to focus on running their business •  Consulting options help clients understand the process and get the best talent •  Fills over 340 positions every month •  Over 2,100 customers nationwide Overview Overview 126

 

 
 

 

 

Recruiting Support • Job Description Development • Wage and Salary Surveys • Hiring Process and Program review • Manager Interviewing and Selection Training Product Offering   Recruiting Services • Recruitment Process Outsourcing (RPO) • Direct Hire Placement • Recruiting Process and Program Design and Development • Recruiting Advertising • Employment Screening • 127

 

 
 

 

 

Differentiation and Value Proposition   Differentiation & Value Proposition • Structure • 5 discipline-specific teams • 2 industry-specific teams • Pricing Advantage • Tiered pricing model • Phased pricing approach 128

 

 
 

 

 

Synergies • Lead the talent market for small to medium sized businesses • Generates cross-selling opportunities within the organization • Enhanced service offerings for customers • Considerable savings compared to outside vendors Synergies and Business Opportunities   Business Opportunity • Staffing Industry Analysts reported that the U.S. staffing industry had total 2010 revenues of approximately $101.7 billion, a 10% increase over the prior year 129

 

 
 

 

 

Executive Sponsor Steve Arizpe Executive VP, Client Services & Chief Operating Officer

 

 
 

 

 

 

•  Employment screening services provider since 1986 •  Mid-level industry provider •  National in scope with nearly 2,000 customers •  Located in Baytown, Texas •  Purchased in April 2008 Overview Overview 131

 

 
 

 

 

Background Checks Product Offering   Drug Screening     Personality and Skills Assessments   E-Verify 132

 

 
 

 

 

Differentiation and Value Proposition   Differentiation and Value Proposition • Customized product, processing and web solutions • Direct from the source • Quicker turnaround • Compliance monitoring • Data control and candidate ID protection • Industry knowledge and experience • Integrated Dashboard Approach 133

 

 
 

 

 

      Synergies • Scalable platform, structured for growth • Full array of services • Client time and cost savings • Client relationships and cross-selling opportunities • High-touch, high-quality service experience Synergies and Business Opportunity   Business Opportunities • Greater need for screening services • An industry need for “trusted advisors” • Benefits of brand umbrella marketing • Roll-up opportunities • Ideal Try and Buy Offering •             134

 

 
 

 

 

Executive Sponsor Jay Mincks Executive Vice President, Sales & Marketing

 

 
 

 

 

Overview   Overview • Managed Services Provider focused on SMB IT Infrastructure • Services delivered by CompuCom - 2nd largest managed services provider in the US - 11,000 associates serving 4.5 million calls annually • Highly fragmented industry with no dominate national player 136

 

 
 

 

 

Product Offering   Bronze • Service desk and desk side support of user systems Silver • Bronze, plus remote sever support and security management Gold • Silver, plus proactive monitoring and maintenance of systems Platinum • Gold, plus fractional CIO • 137

 

 
 

 

 

Differentiation Differentiation and Value Proposition • National sales and service footprint with “outsourced selling” experience • Existing customer and prospect ecosystem • Scalable infrastructure and leveragable cost structure Value Proposition • Provide customers with an enterprise–level premium service experience in a localized and personalized manner • Helps customers maximize employee productivity, increase business continuity and strategically align IT with their goals and objectives   138

 

 
 

 

 

Synergies Synergies and Business Opportunity   Business Opportunities • IT is 2nd largest SMB expense • Increasing SMB dependency upon technology • IT outsourcing buyer = HR outsourcing buyer • High margin business • No dominant national player • Manager of IT influences other technology buying decisions • IT distribution channels can fuel growth of entire portfolio 139

 

 
 

 

 

2011 Analyst and Investor Day Financial Implications of Evolving Business Model

 

 
 

 

 

 

Historical Financial Performance and 2011 Forecast

 

 
 

 

 

Revenue   $ in millions $2,500   $2,013   $2,000   $1,500   $1,000     $970     $1,170     $1,389     $1,570 $1,724 $1,653 $1,720 $500   $0 2004 2005 2006 2007 2008 2009 2010 2011E*   *Amount implied from the mid-point of our 2011 guidance issued on February 14, 2011.   142

 

 
 

 

 

Workforce Optimization and MidMarket Revenue Driver Paid Worksite Employees   Average Paid Worksite Employees Per Month 125,000   100,000   75,000   50,000     77,936     88,780     100,675     110,291     116,957     108,736 107,014     118,250     • Unit growth recovery in 2010 (post recession) with sequential quarterly growth of approximately 2.5% beginning in Q2 2010.   • Forecasting YOY unit growth of 10 – 11% in 2011. •     25,000     2004 2005 2006 2007 2008 2009 2010 2011E*             *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.   143

 

 
 

 

 

Gross Profit Per Worksite Employee Per Worksite Employee Per Month   $275   $250   $225     $211     $221     $234     $231   $1     $245   $2   $45     $221   $3     $232   $6     $246   $14     $200     $18   $26 $36 $30 $22 $33 $40     $175   $150 $193 $195 $198 $200 $198 $196 $193 $192     $125   $100     2004 2005 2006 2007 2008 2009 2010 2011E*           Markup on HR Services Surplus on Direct Costs Adjacent Business Unit (ABU) Contribution   *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.   144

 

 
 

 

 

Operating Costs and Initiatives   Per Worksite Employee Per Month   $225   $200   $175     $188     $180 $183     $184   $5     $199 $200     $6                    $10                  $17 MidMarket Solutions   offering beginning in 2008. •Step up in investment in ABUs beginning in     $6     $204     $215   $9     • Investment made in •     $150   $188   $180 $183 $179 $193 $194 $194 $189   2010 with acquisitions.   $125   $100     2004 2005 2006 2007 2008 2009 2010 2011E* Workforce Optimization and MidMarket Incremental ABU Expenses Incremental Branding Costs *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011. •2011 operating costs impacted by full year impact of ABU acquisitions and incremental costs associated with branding change.             145

 

 
 

 

 

Operating Income   Per Worksite Employee Per Month $60   $50   $40     $41     $51     $47     $46     $29     $32   $30   $20   $10   $0 $24   $24     $41     $51 $51 $50 $21   $24     $33     $44 • Investment in ABUs has created a drag on operating income. Projecting cash flow breakeven in 2011. • -$4 -$4 -$3 -$4 -$3   operating income               -$9   includes incremental costs associated with 2004 2005 2006 2007 2008 2009 2010 2011E*   branding change. Forecasted 2011 • -$10   Workforce Optimization and MidMkt ABU Impact Incremental Branding Costs   *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.   146  

 

 
 

 

 

Cash Flow**   In millions $125       $100   $75   $50     $50     $68     $92 $97 $98     $55     $61     $70 • Forecasted 2011 cash flow impacted by $13 million of incremental costs associated with branding change. •     $25   $0 2004 2005 2006 2007 2008 2009 2010 2011E*   EBITDA, plus Stock-Based Compensation   *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.     ** For purposes of this presentation, cash flow is presented as EBITDA, plus stock-based compensation. See reconciliation of adjusted EBITDA to net income on subsequent slide.   147

 

 
 

 

 

Five Year Financial Opportunity

 

 
 

 

 

Five Year Financial Opportunity Paid Worksite Employees   Average Paid Worksite Employees 250,000 Five year financial opportunity:   »10% to 15% annual unit growth   215,000     200,000   10% to 11% annual unit growth forecasted for 2011 172,000   150,000     107,014 118,250 100,000   50,000   0 2010 2011E* 2015E Low 2015E High * Amount implied from midpoint of our 2011 guidance issued on February 14, 2011.   149

 

 
 

 

 

Five Year Financial Opportunity Gross Profit Per Worksite Employee     Per Worksite Employee Per Month $350 »Five year financial opportunities:   »1% to 2% annual increases in markup on HR.   »3.0% to 3.5% surplus on direct cost allocations   »85% gross margins on Adjacent Business Services $295 $300   $250     $232     $246 $270   $25     $35     $200 $14 $6 $33 $40   $45 $50     $150 $193 $192 $200 $210     $100     2010 2011E* 2015E Low 2015E High Markup on HR Services Surplus on Direct Costs ABU Contribution *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.   150

 

 
 

 

 

 

Five Year Financial Opportunity Operating Expense Per Worksite Employee Per Worksite Employee Per Month $300   $250     $204     $215   $9 Five year financial opportunities:   »Leverage of corporate overhead and infrastructure in Workforce Optimization and MidMarket.   »Improve ABU operating margins to 20% -25% by 2015.   $215 $200 $200 $10 $17 $20 $25     $150   $100 $194 $189 $180 $190 $50   $0 2010 2011E* 2015E Low 2015E High Workforce Optimization and MidMarket Incremental ABU expenses Incremental rebranding costs   *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.   151

 

 
 

 

 

Five Year Financial Opportunity Operating Income Per Worksite Employee   Per Worksite Employee Per Month       $85   $60     $32     $70   $5 $80   $10       $35   $10 $29   $33     $44   $65 $70       -$15 ($4) ($3) ($9)   2010 2011E* 2015E Low 2015E High Workforce Optimization and MidMarket Incremental ABU Impact Incremental Branding Costs   *Amount represents the mid-point of our 2011 guidance issued on February 14, 2011.   152

 

 
 

 

 

Five Year Financial Opportunity Revenue »Five year financial opportunities:   »Workforce Optimization and MidMarket – 15% - 20% revenue growth on 10%-15% annual unit growth.   »ABU – 30% to 40% annual revenue growth beginning in 2012.   »Total annual revenue increases of 16% to 21%. Low     Range     High   ( in thousands) $5,000,000   $4,000,000   $3,000,000   $2,000,000   $1,000,000     $1,720,000     $1,800,000     $3,560,000 ( in thousands) $5,000,000   $4,000,000   $3,000,000   $2,000,000   $1,000,000     $1,720,000     $2,700,000     $85,000     $4,505,000     $0 2010 Workforce Optimization and MidMarket     ABU 2015 $0 2010 Workforce Optimization and MidMarket     ABU 2015   153

 

 
 

 

 

Five Year Financial Opportunity Gross Profit   Five year financial opportunities:   »Workforce Optimization and MidMarket – Gross profit per worksite employee per month of $245 to $260 on 10% to 15% unit growth .   »ABU – 85% gross margins.   Low     Range     High   ( in thousands) $800,000   $600,000   $400,000   $200,000   $0     $298,500     $215,000     $54,000     $567,500   90% 10% Mix ( in thousands) $800,000   $600,000   $400,000   $200,000   $0     $298,500     $380,000     $75,000     $753,500   90% 10% Mix 2010 Workforce Optimization and MidMarket ABU 2015 2010 Workforce Optimization and MidMarket ABU 2015   154

 

 
 

 

 

Five Year Financial Opportunity Operating Income Five year financial opportunities:   »Workforce Optimization and MidMarket – Operating income per worksite employee per month of $65 to $70 on 10%-15% annual unit growth.   »ABU – Gradual improvement in operating margins to 20% to 25% by 2015.   »Total annual operating income increases of 30% to 40%. Low     Range     High   ( in thousands) $250,000 ( in thousands) $250,000     $200,000 $200,000 $28,000   $205,100   $150,000   $100,000   $50,000   $0     $37,100     $95,000 $18,000   $149,100   90% 10% Mix $150,000   $100,000   $50,000   $0     $37,100     $140,000     88% 12% Mix 2010 Workforce Optimization and MidMarket ABU 2015 2010 Workforce Optimization and MidMarket ABU 2015   155

 

 
 

 

 

EBITDA Reconciliation 2004 2005 2006 2007 2008 2009 2010 2011E* Net income (GAAP) $19.2 $30.0 $46.5 $47.5 $45.8 $16.6 $22.4 $27.2 Interest expense 2.1 2.4 1.1 0.1 0.0 0.0 0.0 0.0 Income tax expense 11.5 17.8 25.6 25.9 26.2 12.1 15.6 18.9 Depreciation   and amortization 17.5 15.2 15.4 16.2 15.6 16.6 14.9 16.2 EBITDA 50.3 65.4 88.6 89.7 87.6 45.3 52.9 62.3 Stock-based compensation 0.0 2.1 3.4 7.5 10.0 10.1 8.1 8.0 Total $50.3 $67.5 $92.0 $97.2 $97.6 $55.4 $61.0 $70.3 EBITDA represents net income computed in accordance with generally accepted accounting principles (“GAAP”), plus interest expense, income tax expense, depreciation and amortization expense. Insperity management believes EBITDA is often a useful measure of the company’s operating performance, as it allows for additional analysis of the company’s operating results separate from the impact of taxes and capital and financing transactions on earnings. EBITDA should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.   *Amount implied from the midpoint of our 2011 guidance issued on February 14, 2011.   156

 

 
 

 

 

Questions and Answers and Closing Remarks

 

 
 

 

 

Inspiring Business Performance™