EX-9.2 5 l97786aexv9w2.txt EXHIBIT 9.2 EXHIBIT 9.2 VOTING TRUST AGREEMENT THIS AGREEMENT executed this 15th day of January 1997 effective as of the 1 st day of February 1997 (hereinafter referred to as the "Effective Date"), by and between those holders of Common Shares of SIFCO Industries, Inc. who sign this Agreement (hereinafter sometimes collectively called the "Signing Shareholders" and individually called "Signing Shareholder"), and JANICE CARLSON and CHARLES H. SMITH, III, as Trustees and their successors in trust (said named Trustees and their successors being hereinafter called the "Trustees"); WITNESSES THAT: WHEREAS, each Signing Shareholder represents that he (the masculine pronoun wherever used in this Agreement being intended to include the feminine) owns the number of Common Shares of the Company set opposite his signature below and deems it to be in his best interest to renew, continue and extend the Voting Trust Agreement in effect with respect to his shares of the Company and maintain on deposit hereunder the certificates evidencing his ownership of said shares in order to continue the stability of management of the Company which the Signing Shareholders believe should be continued for the benefit and protection of the Company and its present and future shareholders; NOW, THEREFORE, the Signing Shareholders hereof agree each with the others, and each for himself and his heirs, administrators, successors and assigns as follows: 1. Deposit of Share Certificates. As with the Voting Trust Agreements in the past, each Signing Shareholder will continue to have their Common Shares of the Company on deposit with the Trustees a certificate or certificates (hereinafter called "share certificates") for the number of Common Shares of the Company set opposite his signature below, so endorsed or accompanied by such instrument or instruments of transfer as to maintain ownership of said shares in theTrustees; and shall likewise deposit hereunder each and every share certificate for Common Shares of the Company which he may hereafter acquire. 2. Delivery of Trust Certificates. The Trustees have heretofore, and from time to time in the future, upon the deposit with the Trustees by a Signing Shareholder of new share certificates acquired by him, and upon his payment of any and all transfer taxes required in connection therewith, the Trustees will deliver, or cause to be delivered, to such Signing Shareholder voting trust certificates (hereinafter called "Trust Certificates") for the number of Common Shares so deposited in substantially the form shown in Exhibit A, attached hereto and made a part hereof. 3. Transfer of Trust Certificates. Each Trust Certificate issued hereunder and the interest in shares represented thereby shall be transferable only upon the books of the Trustees by the registered holder in person or by attorney upon surrender of the same properly endorsed or accompanied by a properly executed instrument of transfer and upon payment of any transfer taxes payable on such transfer, and in accordance with rules established for that purpose by the Trustees. Each transfer so made shall vest in the transferee all right and interest of the transferor in and under the Trust Certificate and this Agreement with respect to the number of shares which the endorsement or transfer evidences; and thereupon the Trustees will deliver, or cause to be delivered, to the person or persons entitled, a new Trust Certificate or Certificates for the number or numbers of interests in Common Shares of the Company indicated by the endorsement or instrument of transfer. Until such transfer, the Trustees may treat the registered holder of a Trust Certificate as the owner thereof for all purposes whatsoever. The transfer books for the Trust, Certificates may be closed by the Trustees at any time prior to the payment or distribution of dividends or for any other purpose. Each transferee of a Trust Certificate issued hereunder shall by the acceptance of a Trust Certificate become a party hereto with like effect as though a Signing Shareholder and shall be embraced within the meaning of the terms "Trust Certificate holder" or "holder of a Trust Certificate" wherever used herein. 4. Lost Trust Certificate. The holder of any Trust Certificate shall immediately notify the Trustees of any loss, destruction or mutilation of the same, and the Trustees may, in their discretion, cause a new Trust Certificate to be issued to such holder for the same number of shares either upon the surrender of the mutilated certificate or, in the case of loss or destruction, upon satisfactory proof thereof and the giving of a bond in such form and amount and with such sureties, if any, as the Trustees may require. 5. Title and Rights of Trustees. Title to all Common Shares of the Company deposited hereunder shall remain vested in the Trustees, and title to any new shares deposited hereunder may be transferred to the Trustees or their nominees on the books of the Company, provided that as holders of such shares the Trustees assume no liability as shareholders of the Company, their interest therein and hereunder being as Trustees only. Nonetheless the Trustees shall, in respect of all shares so held by them, possess and be entitled to exercise, in their discretion, all rights of common shareholders of every kind and character, including, but not limited to, the right to receive dividends on said shares, the right to vote by proxy or otherwise such shares and to take part in or consent in writing or otherwise to any corporate or shareholders' action, including, but not limited to, the adoption of any amended Articles of Incorporation or regulations of the Company or any amendment to such Articles or regulations, the election of directors of the Company, the dissolution of the Company, the 1 merger or consolidation of the Company with any other corporation, the sale or other disposition of all, or substantially all, of the assets of the Company or the creation of any new class of shares having priority over the Common Shares in respect of dividends or liquidating distributions or otherwise; except that they shall not sell, pledge, hypothecate, mortgage or place a lien or charge upon any of the shares deposited hereunder or subject hereto. 6. Dividend and Comparable Rights of Trust Certificate Holder. The registered holder of each Trust Certificate shall be entitled to receive as soon as practicable after the receipt by the Trustees of each dividend on the shares hereunder, the amount of the dividend so received by the Trustees in cash or in kind upon the number of Common Shares specified in each Trust Certificate; provided that the Trustees may, in their discretion, authorize and empower the Company or its dividend disbursing agent to make payment or distribution of such dividend directly to the registered holders of the outstanding Trust Certificates. However, in the event that the Company shall issue any voting shares of the Company by way of a stock split or a stock dividend then such voting shares so issuable with respect to all shares held by the Trustees shall be received and held by the Trustees and shall be deemed for all the purposes of this Agreement to have been deposited hereunder, and the Trustees shall issue to each registered holder of a Trust Certificate an additional Trust Certificate evidencing his appropriate interest in the number of voting shares so received and held. For the purposes of this Agreement, no shares having voting rights only in certain events (such as, but not limited to, the occurrence of a default in the payment of preferential dividends) shall be deemed to be voting shares. 7. Subscription Rights. In case any stock or other securities of the Company are offered for subscription to the holders of shares of the Company deposited hereunder, the Trustees, promptly upon receipt of notice of such offer, shall mail or deliver a copy thereof to each registered holder of a Trust Certificate. If at least five (5) days prior to the last day on which such subscription can be made, the Trustee shall receive a request from any Trust Certificate holder to subscribe in his behalf for a stated amount of such stock or securities, together with the sum of money required to pay for the same, the Trustees shall make such subscription and the necessary payment, and upon receiving from the Company the stock or securities so subscribed for, shall issue to such Trust Certificate holder a new Trust Certificate in respect thereof if the same be voting shares, but if the same not be voting shares the Trustees shall mail or deliver the stock or securities received from the Company to the Trust Certificate holder in whose behalf the subscription is made or may instruct the Company to make delivery thereof directly to said Trust Certificate holder; provided, however, that if the aggregate amount of such stock or securities which the Trustees shall be so requested to subscribe for shall exceed the total amount which the Trustees have the right to subscribe for as shareholders of the Company under the terms of the Company's offer, then the Trustees shall first, on behalf of each requesting Trust Certificate holder, subscribe for that amount which, under the terms of the Company's offer, he would have had the right to subscribe for if he had held directly the number of shares represented by his Trust Certificate or Certificates; and any balance of such stock or securities then additionally available for subscription by the Trustees shall be subscribed for on behalf of each additionally requesting Trust Certificate holder in the proportion which the amount of his additional request bears to the total amount of additional requests received by the Trustees. 8. Dissolution of Company. In the event of the dissolution or total or partial liquidation of the Company, whether voluntary or involuntary, the Trustees shall receive the moneys, securities, rights or property to which the holders of shares of the Company deposited hereunder are entitled and shall distribute the same among the registered holders of the Trust Certificates in proportion to their interests as shown by the Trustees' books, or the Trustees may in their discretion deposit the same with any bank or trust company doing business in Cleveland, Ohio, with instructions to distribute the same as above provided, and upon such deposit all further obligations or liabilities of the Trustees in respect of the moneys, securities, rights or property so deposited shall cease. 9. Reorganization of Company. In the event the Company is merged into or consolidated with another corporation or all or substantially all of the assets of the Company are transferred to another corporation, then and thereafter the term "Company" for all purposes of this Agreement shall be taken to include such other corporation, and the Trustees shall receive and hold under this Agreement any. voting. shares of such other corporation received on account of the stock held hereunder prior to such merger, consolidation or transfer. Trust Certificates issued and outstanding under this Agreement at the time of such merger, consolidation, or transfer may remain outstanding or the Trustees may, in their discretion, substitute for such Trust Certificates new Trust Certificates in appropriate form, the term "shares" as used herein shall be taken to include any stock which may be received by the Trustees in lieu of all or any part of the shares of the Company theretofore deposited hereunder. 10. Action by Trustees. No action will be taken without the agreement of both Trustees. In the event the Trustees are unable to come to agreement, the issue will be decided by a vote of all the Trust Certificate holders, with a simple majority necessary for passage. 11. Receipts and Safekeeping. George D. Gotschall, or such other person, either corporate or individual, as the Trustees may from time to time appoint for the purpose, shall have the authority and responsibility as agent of the Trustees for receiving and safekeeping share certificates, securities and other property or money deposited with or from time to time held by the Trustees. Such person shall also be responsible for issuing Voting Trust Certificates to the shareholders and notifying the Company's transfer agent of any changes of records with respect to dividends. 12. Privileges and Responsibilities of Trustees. In voting the shares deposited hereunder or in doing any act with respect to the control or management of the Company or its affairs or in otherwise acting hereunder, the Trustees shall 2 exercise their best judgment; but they assume no responsibility in respect to any action taken by them or their agents, and no Trustee shall incur any responsibility for any error or deed of commission or omission except for his own willful misconduct. No Trustee shall be required to give any bond or other security for the discharge of his duties. Any Trustee may act as a director or officer of the Company or of any affiliated company and may vote for himself as such director or officer, and he or any company or firm with which he may be connected as shareholder, director, officer or partner or otherwise may contract with the Company or with any company or firm affiliated with it or be or become pecuniarily interested in any matter or action to which the same may be a party or in which the same may in any way be interested as fully as though he were not a Trustee. Any Trustee may be a holder of or interested in Trust Certificates issued hereunder. 13. Successor Trustees. Each Signing Shareholder shall, after his signature, add the last initial of the ancestor of such Signing Shareholder who was a child of Charles H. Smith, Sr. A Trustee may only be removed by a writing signed by a majority in interest of the Certificate holders who are issue (including children by adoption), spouse or spouse of issue of the same child of Charles H. Smith, Sr. as the original named Trustee or the Trustee with respect to whom the Trustee is a successor. Any Trustee may resign in writing. Any such resignation or removal shall take effect at a time fixed in the writing not less than thirty (30) days after the same is delivered to the other Trustees or Trustee, or at such earlier time as shall be accepted by all of the Trustees. Upon any such resignation, removal or the death or incapacity of a Trustee to act, the vacancy so occurring shall be filled by a person elected by the majority in interest of the Certificate holders who are issue (including children by adoption), spouse or spouse of issue of the same child of Charles H. Smith, Sr. as the original named Trustee. Such election shall be made at a meeting called by the remaining Trustees or Trustee for that purpose by notice given to each Certificate holder eligible to vote not less than ten (10) nor more than thirty (30) days prior thereto. Each and every successor Trustee elected in accordance with this paragraph shall have the powers, duties, privileges, responsibilities and authority of an original Trustee named herein. No Trustee shall be liable for the acts or omissions of any predecessor Trustee. 14. Period of Trust. This Agreement shall continue in force for a period of five (5) years from the date first above written unless sooner terminated as hereinafter provided, and may be extended for an additional period of not more than ten (10) years by depositing with the Trustees on or before the expiration of the original five (5) year period either (a) an agreement of extension, which may be executed in one instrument or in several counterparts, signed by the holders of Trust Certificates representing not less than eighty-five percent (85%) of the shares deposited hereunder, or (b) a certificate signed by the Secretary of the meeting, certifying that at a meeting duly called and held for the purpose of considering such extension, at a place in Cuyahoga County, Ohio, specified in a notice given either by the Trustees, or a Trust Certificate holder, not less than ten (10) nor more than thirty (30) days prior to such meeting to each Trust Certificate holder hereunder, the holders of Trust Certificates representing not less than eighty-five percent (85%) of the shares deposited hereunder voted in favor of said extension. Such extension of this Agreement shall be binding upon all Trust Certificate holders. Any Trust Certificate holder shall, during reasonable business hours, have access to the books of the Trustees containing the record of the name and addresses of Trust Certificate holders and the number of shares represented by their certificates. 15. Early Termination. At any time during the original five (5) year period, or any extension thereof, the Trustees may terminate this trust by notice to the certificate holders, which notice shall provide for the time and manner of delivery of certificates for shares of stock of the Company upon surrender of the Trust Certificates. 16. Partial Return of Shares. At any time or times before the termination of this trust, the Trustees may return any number of shares of the Company deposited with them to a Trust Certificate holder or holders free and clear of the trust, provided that the following procedure shall be observed. The Trustees shall first notify all the Trust Certificate holders in writing of the number of shares which they intend to return. Within thirty (30) days after the receipt of such notice, each Trust Certificate holder who wishes any of his shares to be returned to him shall surrender his Trust Certificate or Certificates to the Trustees for cancellation in an amount equivalent to the number of shares he wishes returned. If the total number of shares for which Trust Certificates are so surrendered within such thirty (30) days is not more than the total number of shares the Trustees have decided to return, they shall cancel each Trust Certificate so surrendered in an amount equivalent to the number of shares to be returned to the holder of that certificate and shall cause a stock certificate or certificates for that number of shares of stock of the Company to be issued and delivered to him or his nominee. If the total number of shares for which Trust Certificates are so surrendered within such thirty (30) days is more than the total number of shares the Trustees have decided to return, they shall cancel each Trust Certificate so tendered in an amount equivalent to that proportion of the number of shares requested by that holder which the number of shares they have decided to return bears to the total number of shares requested by all Trust Certificate holders who tender their Trust Certificates. In no event before termination of the trust shall the Trustees return any shares to a certificate holder who has not tendered his Trust Certificate for cancellation. 17. Amendments. If at any time the Trustees shall deem it desirable to amend this Agreement in any respect, they shall submit such amendment to the Trust Certificate holders for their approval at a meeting of such holders which shall be called for that purpose, notice of which shall be given not less than ten (10) nor more than thirty (30) days prior to such meeting, and shall state that the purpose of the meeting is to consider the amendment of this Agreement and shall be accompanied by a copy of the proposed amendment. If at such meeting the proposed amendment, or any modification thereof, shall be approved by the affirmative vote, given in person or by proxy, of the holders of Trust Certificates representing eighty-five percent (85%) or more of the shares then deposited under this Agreement, a certificate to that effect 3 shall bee signed by the Secretary of the meeting and filed with the Trustees. Upon such approval and the filing of said certificate, the amendment as so approved shall be and become a part of this Agreement and shall be binding upon all Trust Certificate holders with like force and effect as if originally incorporated herein. 18. Delivery of Shares on Termination. (a) Upon termination of this Agreement, whether by expiration of time or the act of the Trustees as hereinabove provided, the Trustees shall deliver to each Trust Certificate holder upon surrender of his Trust Certificates accompanied, if required by the Trustees, by properly executed transfers thereof to the Trustees and upon payment by such holder of any and all transfer taxes payable on such transfer, a certificate or certificates for Common Shares of the stock of the Company either registered in the name of the Trust Certificate holder or endorsed in blank or for transfer to the name of such holder or his nominee for the number of shares represented by the Trust Certificate or Certificates so surrendered. (b) In case, on or after the termination of this Agreement, the Trustees shall deposit with any bank or trust company in Cuyahoga County, Ohio , share certificates either properly endorsed in blank or registered in the names of holders of Trust Certificates hereunder, each for the number of Common Shares of the Company represented by a Trust Certificate outstanding, with authority in writing to the bank or trust company to deliver said share certificates in exchange for Trust Certificates when and as surrendered for exchange as hereinabove provided and shall give not less than ten (10) days notice thereof to all Trust Certificate holders affected thereby, then all further liability of the Trustees, and each of them, for the delivery of share certificates in exchange for Trust Certificates or otherwise hereunder shall cease. (c) At any annual or special meeting of the shareholders of the Company and after termination of this Agreement, the Trustees may, but shall not be required to, vote any shares of the Company then standing in their names on the books of the Company deliverable to the holders of Trust Certificates who shall not have presented their Trust Certificates for exchange as hereinabove provided. 19. Notice. Each notice provided for in this Agreement shall be in writing and signed by the person giving the same or his duly authorized representative, except that a parent or guardian may sign for a minor child, and a notice by the Trustees shall be signed by not less than a majority of the Trustees then qualified to act; and each such notice shall either be delivered personally to the person to whom it is addressed or shall be mailed to him, postage prepaid, to his last known residence address, provided that personal delivery to a parent or guardian of a minor child shall be sufficient delivery to the child, and further provided that a notice to any one Trustee shall be sufficient notice to all, unless only one Trustee has received the notice and that Trustee has the same initial after his signature as does the person giving the notice. 20. Partial Invalidity. The invalidity or nonenforceability of any term or provision of this Agreement or of the Trust Certificates shall not in any way impair or affect the balance thereof, which shall remain in full force and effect. 21. Ohio Law. This Agreement and the Trust Certificates shall be construed in accordance with and shall be governed by the laws of the State of Ohio. 22. Execution. This Agreement may be executed in any number of counterparts, each of which, when executed, shall be deemed to be an original and all of which together shall constitute but one and the same instrument; provided that this Agreement shall not become effective until and unless it shall have been so executed by the holders of at least 1,350,000 shares, and thereupon this Agreement shall inure to the benefit of, and be binding upon, all persons executing it and their respective heirs, executors, administrators, legatees and assigns. IN WITNESS WHEREOF, the Trustees have signed this Voting Trust Agreement as of the day and year first above written, and the Signing Shareholders have become parties hereto in the manner hereinbefore provided. /s/ Janice Carlson ------------------------- Janice Carlson /s/ Charles H. Smith, III ------------------------- Charles H. Smith, III 4 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
NUMBER SHAREHOLDER OF SHARES ----------- --------- /s/ C.H. Smith, Jr. 273,267 CHS ------------------------- C.H. Smith, Jr. /s/ Florence Smith 1,500 CHS ------------------------- Florence Smith National City Bank, and its successors, as trustee of Fund A-1 under the trust agreement between Rhea D. Smith and National City Bank as trustee dated December 8, 1981 as amended and restated on September 16, 1989 By: /s/ E.J. Etowski, Jr. 112,354 CHS ------------------------- Senior Vice President National City Bank, and its successors, as trustee of Fund B under the trust agreement between Rhea D. Smith and National City Bank as trustee dated December 8, 1981 as amended and restated on September 16 1989. By: /s/ E.J. Etowski, Jr. 41,313 CHS ------------------------- Senior Vice President
5 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
NUMBER SHAREHOLDER OF SHARES ----------- --------- /s/ C. H. Smith, III 57,237 CHS --------------------------------------- C. H. Smith, III /s/ C. H. Smith, III 2,863 CHS --------------------------------------- C. H. Smith, III, Cust UGMA Ohio fbo Jennifer C. Smith /s/ C. H. Smith, III Trustee 14,250 CHS --------------------------------------- C. H. Smith, III, TTEE U/A dtd 09/16/89 fbo Jennifer C. Smith /s/ C. H. Smith, III 2,738 CHS --------------------------------------- C.H. Smith, III, Cust UGMA Ohio fbo C. Jason Smith /s/ C. H. Smith, III Trustee 14,250 CHS --------------------------------------- C. H. Smith, III, TTEE U/A dtd 09/16/89 fbo C. Jason Smith /s/ Hilda Decema Smith 1,575 CHS --------------------------------------- Hilda Decema Smith
6 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
NUMBER SHAREHOLDER OF SHARES ----------- --------- /s/ Deborah Potantus 59,741 CHS ------------------------- Deborah Potantus /s/ Robert J. Morris, III 9,738 CHS ------------------------- Robert J. Morris, III /s/ Deborah Potantus 7,125 CHS ------------------------- Deborah Potantus, TTEE U/A dtd fbo Robert J. Morris, III /s/ Robert J. Morris III 250 CHS ------------------------- Robert J. Morris, III, Cust UGMA Ohio fbo Skyler D. Morris /s/ Ryan C. Morris 2,613 CHS ------------------------- Ryan C. Morris /s/ Deborah Potantus 14,250 CHS ------------------------- Deborah Potantus TTEE U/A dtd 09/16/89 fbo Ryan C. Morris /s/ Deborah Potantus 2,613 CHS ------------------------- Deborah Potantus, Cust UGMA Ohio fbo Adam J. Morris /s/ Deborah Potantus 14,250 CHS ------------------------- Deborah Potantus, TTEE U/A dtd 09/16/89 fbo Adam J. Morris /s/ Deborah Potantus 2,613 CHS ------------------------- Deborah Potantus, Cust UGMA Ohio fbo Molly D Morris /s/ Deborah Potantus 14,250 CHS ------------------------- Deborah Potantus, TTEE /A dta 09/16/89 fbo Molly D. Morris
7 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
NUMBER SHAREHOLDER OF SHARES ----------- --------- /s/ Robert J. Morris, Jr. 225 CHS ------------------------- Robert J. Morris, Jr.
8 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
Number Shareholder of Shares ----------- --------- /s/ Hudson D. Smith 67,250 CHS ------------------- Hudson D. Smith /s/ Deborah Ann Smith 2,205 CHS --------------------- Deborah Ann Smith /s/ Hudson D. Smith 2,426 CHS ------------------- Hudson D. Smith, Cust for UGMA Ohio fbo Hudson D. Smith, Jr. /s/ Hudson D. Smith 15,000 CHS ------------------- Hudson D. Smith, TTEE U/A dtd 09/16/89 fbo Hudson D. Smith /s/ Hudson D. Smith 2,426 CHS ------------------- Hudson D. Smith, Cust UGMA Ohio fbo Cynthia Rhea Smith /s/ Hudson D. Smith 15,000 CHS ------------------- Hudson D. Smith, TTEE U/A dtd 09/16/89 fbo Cynthia Rhea Smith /s/ Hudson D. Smith 2,426 CHS ------------------- Hudson D. Smith, Cust UGMA Ohio fbo Christina Halle Smith /s/ Hudson D. Smith 15,000 CHS ------------------- Hudson D. Smith, TTEE U/A dtd 09/16/89 fbo Christina Halle Smith signed on Jan. 7, 1997
9 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
Number Shareholder of Shares ----------- --------- /s/ Phyllis S. Gotschall 433,719 PSG ------------------------ Phyllis S. Gotschall, TTEE U/TR dtd 6/24/87 Phyllis S. Gotschall, Grantor /s/ George D. Gotschall 137,588 PSG ----------------------- George D. Gotschall, TTEE, U/TR dtd 6/24/87 George D. Gotschall, Grantor /s/ Jeffrey P. Gotschall 87,755 PSG ------------------------ Jeffrey P. Gotschall /s/ Dianne Gotschall 400 PSG -------------------- Dianne Gotschall /s/ Judith A. Gotschall 3,375 PSG ----------------------- Judith A. Gotschall /s/ Jeffrey P. Gotschall 3,375 PSG ------------------------ Jeffrey P. Gotschall, Cust UGMA Ohio fbo Andrew C Gotschall /s/ Jeffrey P. Gotschall 3,375 PSG ------------------------ Jeffrey P. Gotschall, Cust UGMA Ohio fbo Charles H. Gotschall /s/ Craig Ramsey 400 PSG ---------------- Craig Ramsey /s/ Jeffrey P. Gotschall 400 PSG ------------------------- Jeffrey P. Gotschall, Cust UGMA Ohio fbo Alison Ramsey
10 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
Number Shareholder of Shares ----------- --------- /s/ Janice G. Carlson 59,099 PSG --------------------- Janice G. Carlson /s/ Christie L. Fulcher 3,375 PSG ---------------------- Christie L. Fulcher /s/ Janice G. Carlson 2,633 PSG --------------------- Janice G. Carlson, Cust UGMA Ohio fbo David E. Fulcher /s/ Laura G. Gifford 51,844 PSG -------------------- Laura G. Gifford /s/ Laura G. Gifford 9,450 PSG -------------------- Laura G. Gifford, Cust UGMA Ohio fbo Robert V. Gifford, Jr.
11 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
Number Shareholder of Shares ----------- --------- National City Bank TTEE U/A FRW/CHS #33-3443034 171,202 CHS By /s/ E.J. Etowski, Jr. ------------------------ SENIOR VICE PRESIDENT National City Bank TTEE U/A 171,207 PSG FRW/PSG #33-3443026 By /s/ E.J. Etowski, Jr. ------------------------ SENIOR VICE PRESIDENT
12 VOTING TRUST AGREEMENT FROM FEBRUARY 1, 1997 TO JANUARY 31, 2002
Number of Shareholder Shares ----------- ------ Charles Henry Smith, Sr. Foundation 77,963 By /s/ C.H. Smith, Jr. ---------------------- C.H. Smith, Jr., President /s/ Phyllis S. Gotschall ------------------------ Phyllis S. Gotschall, Vice President /s/ Marilyn F. Scott -------------------- Marilyn F. Scott, Vice President /s/ George D. Gotschall ----------------------- George D. Gotschall, Secretary-Treasurer
13 SUMMARY VOTING TRUST CERTIFICATE DISTRIBUTION FEBRUARY 1, 1997
INDIVIDUAL SHARES SUBTOTAL TOTAL % ---------- ------ -------- ------- C.H. Smith, Jr. 273,267 Florence Smith 1,500 National City Bank Fund A RDS 112,354 National City Bank Fund B RDS 41,313 FRW Trust, CHS 171,202 ------------------------------------------------- Subtotal Beneficial Family 599,636 11.70% -------------------------------------------------------------------------------- C.H. Smith, III 57,237 Hilda Smith 1,575 Jennifer C. Smith (Cust) 2,863 Jennifer C. Smith (TTEE) 14,250 C. Jason Smith (Cust) 2,738 C. Jason Smith (TTEE) 14,250 Deborah Potantus 59,741 Robert J. Morris, Jr. 225 Robert J. Morris, III 9,738 Robert J. Morris, III (TTEE) 7,125 Skyler D. Morris 250 Ryan C. Morris 2,613 Ryan C. Morris (TTEE) 14,250 Adam J. Morris (Cust) 2,613 Adam J. Morris (TTEE) 14,250 Molly D. Morris (Cust) 2,613 Molly D. Morris (TTEE) 14,250 Hudson D. Smith 67,250 Deborah Ann Smith 2,205 Hudson D. Smith, Jr. (Cust) 2,426 Hudson D. Smith, Jr. (TTEE) 15,000 Cynthia Rhea Smith (Cust) 2,426 Cynthia Rhea Smith (TTEE) 15,000 Christina Halle Smith (Cust) 2,426 Christina Halle Smith (TTEE) 15,000 ------------------------------------------------- Subtotal Other Family 342,314 6.68% -------------------------------------------------------------------------------- Total Smith Family 941,950 18.37% ================================================================================
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INDIVIDUAL SHARES SUBTOTAL TOTAL % ---------- ------ -------- ------- Phyllis S. Gotschall (TTEE) 433,719 George D. Gotschall (TTEE) 137,588 FRW Trust, PSG 171,207 Subtotal Beneficial Holdings 742,514 14.48% -------------------------------------------------------------------------------- Jeffrey P. Gotshall 87,755 Janice G. Carlson 59,099 Laura G. Gifford 51,844 Dianne Gotschall 400 Chiistie L. Fulcher 3,375 David E. Fulcher (Cust) 2,633 Judith A. Gotschall 3,375 Andrew C. Gotschall (Cust) 3,375 Charles H. Gotschall (Cust) 3,375 Robert V. Gifford Jr. (Cust) 9,450 Craig Ramsey 400 Alison Ramsey (Cust) 400 Subtotal Other Family 225,481 4.40% -------------------------------------------------------------------------------- Total Gotshall Family 967,995 18.88% ================================================================================
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