XXXX: I caught a televised news report the other day that congress is considering an insurance industry bailout. Doubtless, the reinsurance people will not plunge as a result of 9-11. We taxpayers will cover it.
My web site at http://alexconstantine.50megs.com/ [as of August 2007, this URL has changed to http://www.alexconstantine.blogspot.com/ -ratitor] has the Boston Globe report on the fascist connections of Swiss Re and other reinsurers. This is a scam that has been going on for over 50 years.
Fascinating about BT & Deutsche's Alex Brown -- puzzle pieces to snap in place with Krongard & Co. to explain the flurry of put option trades preceding the attacks.
To all on the list: Meet XXXX XXXXXXXXX. Her specialty is research related to corporations -- and she obviously knows the ropes. Admiral Crowe is on the board of Bioport, a company making a bundle on the current anthrax scare, and links up with key investment and reinsurance houses.
-- AC
on 12/5/01 11:27 AM, XXXX wrote:
Admiral Crowe's associates on the Board and management of Kellerstrom Industries (tender offers, etc. not yet reviewed) located at 1100 International Parkway, Sunrise, FL -- Ticker Symbol: KELLE, from DEF 14A Proxy filed 4/30/99.Alex. Brown (BT for Bankers Trust) is the firm that executed the "puts" prior to the September 11 attack that took positions the stocks of American Airlines, United Airlines, Boeing, some brokerage houses, and several reinsurance companies (some inter-locked) including AXA Assurance, Swiss Re and Munich Re would plunge ... as if portending fore-knowledge.
Seems these trades hubbed from Alex. Brown which was acquired with Deutsche's Bank acquisition of Bankers Trust. The gent heading Alex. Brown unit, which was Deutsche's trading/brokerage arm, was terminated rather suddenly; former Director of Enforcement for SEC, Richard Walker, took a position as staff counsel for Deutsche. (I would trust Walker to the nth degree to get to the bottom of "who knew").
Chicago Board of Options Exchange (put into play by First Chicago group, Robert Angelo Podesta) when Peter G. Peterson (school under MI6 Sir William Wiseman) was Secretary of Commerce in 1972-1973 under Nixon and Robert Angelo Podesta was UnderSecretary of Commerce, both from Chicago, and at least one of them Chicago Outfit... (Can't have options trading as it exists in its current form without options on equities to pair, i.e., can't have a bubble economy without a bubble machine). Peterson, currently Chairman Council on Foreign Relations, Chairman New York Fed, moved the up the ranks along notorious Chicago bank lines; 1985 sets up The Blackstone Group when Carlucci sets up "The Carlyle Group" aka Carlyle in same year.
Admr. Crowe, following retirement in 1989, held board positions on Merrill Lynch, General Dynamics, and Texaco, all very "Republican" companies at the time ... and prior to the time SEC when online on internet -- these Proxies are not available online ...
Below you will see in Admr. Crowe's bio that Intervac is listed as an investment company. There is no apparent over-lap with others involved in Intervac, however, one doesn't know ... Helix Capital origin and roots for example, there could be a relationship through financing. Note the interesting investors in Kellstrom Industries.
FORMER CONFORMED NAME: ISRAEL TECH ACQUISITION CORP
DATE CHANGED: 19940301
-------------------- NAME AND ADDRESS OF BENEFICIAL OWNER(1) NUMBER PERCENT --------------------------------------- --------- ------- <S> <C> <C> Yoav Stern(2)(3).......................... 683,782 5.8% Zivi R. Nedivi(2)(4)...................... 679,350 5.8% David Jan Mitchell(5)..................... 137,587 1.2% John S. Gleason(6)........................ 201,200 1.7% Paul F. Steele(7)......................... 41,166 * Gideon Vaisman(8)......................... 33,333 * Fred von Husen(9)......................... 63,166 * General William Lyon...................... -- -- Admiral William J. Crowe, Jr.............. -- -- EB Investor (Jersey) Limited(10).......... 730,000 6.2% c/o A&A Early Bird AG Innere Guterstrasse 4 6304 Zug Switzerland Awad Asset Management, Inc.(11)........... 614,250 5.2% 250 Park Avenue, 2nd Floor New York, NY 10177 Chartwell Investment Partners(12)......... 798,700 6.8% 1235 Westlakes Drive, Suite 330 Berwyn, PA 19312 Nicholas-Applegate Capital Mgmt.(13)...... 589,500 5.0% 600 West Broadway, 29th Floor San Diego, CA 92101 Pilgrim Baxter & Associates, Ltd.(14)..... 754,407 6.4% 825 Duportail Road Wayne, PA 19087 All executive officers and directors as a group (12 persons)(15)............. 1,894,679 16.1%-------------------------
* Less than 1%
- The address of each person named, unless otherwise noted, is 1100 International Parkway, Sunrise, Florida 33323.
- Excludes certain shares of Common Stock that may be deemed to be beneficially owned as a member of a "group" for the purposes of Section 13(d) under the Exchange Act by virtue of a Stockholders Agreement, dated August 24, 1995, as amended, between Messrs. Stern and Nedivi. Each party thereto agreed not to sell, encumber or otherwise dispose of any shares of Common Stock beneficially owned by him except in accordance with the terms of said agreement. In addition, each party thereto agreed to vote all shares of Common Stock beneficially owned by him as directed by a majority of such parties. As
3
<PAGE> 7
a result, each of Messrs. Stern and Nedivi may be deemed to share voting and dispositive power, and therefore to beneficially own, the shares of Common Stock beneficially owned by the other. In addition, as of September 1997, Messrs. Nedivi and Stern have agreed in principle to contribute 162,318 shares and 156,250 shares of Common Stock of the Company, respectively, to Helix Capital II, L.L.C. ("Helix Capital"), an entity controlled by Messrs. Nedivi and Stern.- Includes 448,667 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days, 19,500 shares which are held by Helix Capital and 14,750 shares issuable upon the exercise of warrants which are currently exercisable and held by Helix Capital.
- Includes 448,667 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days, 19,500 shares which are held by Helix Capital and 14,750 shares issuable upon the exercise of warrants which are currently exercisable and held by Helix Capital.
- Includes 64,750 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days.
- Includes 185,000 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days.
- Consists of 41,166 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days.
- Consists of 33,333 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days.
- Includes 61,666 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days.
- According to a Schedule 13G filed February 24, 1999 by EB Investor (Jersey) Limited.
- According to a Schedule 13G filed February 18, 1999 by Awad Asset Management, Inc.
- According to a Schedule 13G filed February 16, 1999 by Chartwell Investment Partners.
- According to a Schedule 13G filed February 12, 1999 by Nicholas-Applegate Capital Mgmt.
- According to a Schedule 13G/A filed February 9, 1999 by Pilgrim Baxter & Associates, Ltd.
- Includes 1,364,248 shares issuable upon the exercise of options to purchase Common Stock, which options are exercisable within 60 days, 19,500 shares held by Helix Capital and 14,750 shares issuable upon the exercise of warrants which are currently exercisable.
-------- Board and Executive Biographies ---------
BIOGRAPHICAL INFORMATION REGARDING
DIRECTORS/NOMINEES AND EXECUTIVE OFFICERSDIRECTORS
Set forth below is biographical information for members of the Company's Board of Directors, and nominees for election as a director, at the Annual Meeting.
YOAV STERN, age 45, is the Chairman of the Board, an executive officer and a director of the Company. From the Company's inception until June 22, 1995, Mr. Stern was the Co-Chief Executive Officer and Co-President of the Company. Mr. Stern was a founder of the Company, and has served as a director of the Company since its inception. Since August 1995, Mr. Stern has served as a director and member of the executive committee of Bogen Communications International, Inc. ("Bogen"), a company engaged in the digital voice processing business whose shares are traded on the Nasdaq National Market, and since November 1997, Mr. Stern has served as Co-Chairman of Bogen. Prior to August 1995, Mr. Stern was a Co-Chief Executive Officer of Bogen's predecessor company. Mr. Stern is a member of Helix Management Company II, L.L.C. ("Helix Management") and Helix Capital II, L.L.C. ("Helix Capital"), which are private management holding companies. He is a shareholder, and until March 1999 was President of, Helix Capital Services, Inc. ("Helix Capital Services" and, collectively with Helix Management and Helix Capital, "Helix"), a mergers and acquisitions advisory firm. Earlier, until 1994, Mr. Stern was President and a director of WordStar International, Inc. (NYSE: TLC), and Vice President of Business Development of Elron Electronic Industries Ltd. (NASDAQ: ELRNF). He also served as a director of Random Access, Inc. Mr. Stern previously served in the Israeli Air Force for ten years as an F-15, A-4, Mirage and Kfir fighter pilot,
4
<PAGE> 8avionic systems officer, commander of Operational Training Unit and a Deputy Squadron Commander. Mr. Stern earned a Practical Engineering Diploma (magna cum laude) in advance mechanics and automation from ORT Technological College, Israel, graduated from the Israel Air Force Academy and earned a B.S. degree (magna cum laude) in mathematics and computer science from Tel Aviv University.
ZIVI R. NEDIVI, age 40, has been the Chief Executive Officer, President and a director of the Company since June 1995. Mr. Nedivi was the founder, President and Chief Executive Officer of the predecessor of the Company, an indirectly wholly-owned subsidiary of Rada Electronic Industries Ltd. ("Rada"), from its establishment in 1990 until June 1995. From September 1994 until June 1995, Mr. Nedivi also served as Corporate Vice President of Rada, a public company traded on the Nasdaq National Market which is engaged in the business of avionics for the commercial and military aviation industries. From October 1984 to September 1990, Mr. Nedivi was co-founder and General Manager of Maakav Ltd., a private aviation management company based in Israel. Maakav represented certain American companies in Israel, including companies active in the distribution of aircraft parts. In 1988 and 1989, Mr. Nedivi was also co-founder and director of NBC Aviation Inc., a private company based in Texas active in the sale of commercial jet engines and related components. Mr. Nedivi also serves as a director of Bogen Communications International, Inc. Mr. Nedivi is also a member of Helix Management and Helix Capital and a shareholder of Helix Capital Services. A graduate of the Israel Air Force Academy, Mr. Nedivi served in the Israel Air Force as an F-15 fighter pilot for seven years and held the rank of Major. He also served as a Human Engineering Consultant to Israel Aircraft Industries Ltd. on the Lavi fighter aircraft program.
DAVID JAN MITCHELL, age 37, has served as a director of the Company since December 1993. Since January 1991, Mr. Mitchell has been the President of Mitchell & Co., Ltd., a New York-based merchant banking company founded by him which is engaged in venture capital investments and financing. Mr. Mitchell is a director of Motogucci, a publicly traded Italian motorcycle company. Mr. Mitchell is also Chairman and President of North Atlantic Acquisition Corporation, a publicly traded acquisitions company, and since March 1998, Mr. Mitchell has served as the Chairman of Direct Furniture and Empire Card MasterCard. Since March 1995, Mr. Mitchell has served as a director of Bogen Communications International, Inc. Mr. Mitchell serves as a director of several private companies, including Madah-Com Inc., a company involved in sound transmission, and First Home, a company that markets houses developed for first time homeowners.
GENERAL WILLIAM LYON, age 75, has served as a director of the Company since October 1998. General Lyon is Chairman of the Board, President and Chief Executive Officer of William Lyon Homes, Inc. General Lyon also serves as Chairman of the Board of The Presley Companies, a public company traded on the New York Stock Exchange which is engaged in the home design, construction and sales business. General Lyon has previously served as Chairman, President and Chief Executive and Operating Officer of AirCal, a Southern California-based regional airline which was sold to American Airlines in 1987. From 1987 until 1995, General Lyon served on the Board of Directors of American Airlines. In 1989, General Lyon established Air/Lyon,
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<PAGE> 9Inc., a private company which provides ground service to airlines and aircraft maintenance services. General Lyon is a retired United States Air Force General, and has received 17 awards and decorations including the Distinguished Service Medal Legion of Merit, the Distinguished Flying Cross, the Air Medal with two oak leaf clusters and the Presidential Unit Citation. From 1975 through 1979, General Lyon served as Chief of the U.S. Air Force Reserve. General Lyon currently serves as a director of Board of Fidelity National Financial, Inc., and is a Life Member of the University of Southern California Board of Trustees. In addition, General Lyon is Chairman of the Falcon Foundation, which provides scholarships to youths hoping to attend the Air Force Academy, and is Chairman of the Academy of the Research and Development Institute, also at the Air Force Academy. General Lyon attended the University of Southern California and Dallas Aviation School and Air College.
ADMIRAL WILLIAM J. CROWE, JR., age 74, has served as a director of the Company since March 1999. From 1985 until 1989, Admiral Crowe held the position of Chairman of the Joint Chiefs of Staff under President Reagan. After retirement from the military in 1989, Admiral Crowe was a Counselor at the Center for Strategic and International Studies in Washington and a Professor of Geopolitics at the University of Oklahoma. He served as Chairman of the President's Foreign Intelligence Advisory Board from 1993 to 1994, and served as U.S. Ambassador to the United Kingdom and Northern Ireland from 1994 to 1997. Admiral Crowe has previously served as a director of several public companies, including Merrill Lynch, Texaco and General Dynamics, and currently serves as a director of several private companies, including Bioport, a company involved in the manufacture of a vaccine for anthrax, and Intervac, an investment company. Admiral Crowe currently serves as a part time professor at George Washington University, and as a part time senior advisor to Global Options L.L.C. Admiral Crowe is a graduate of the United State Naval Academy, and received an M.A. in education from Stanford University and a Ph.D. in politics from Princeton University.
EXECUTIVE OFFICERS
Set forth below is biographical information for each of the Company's executive officers who is not currently a director or nominee for director.
JOHN S. GLEASON, age 49, has served as Executive Vice President of the Company since January 1997 and Treasurer since August 1995. From July 1997 until March 1999, Mr. Gleason served as a director of the Company, and from July 1995 until October 1997, Mr. Gleason served as Chief Financial Officer of the Company. From October 1997 until March 1999, Mr. Gleason served as President of Kellstrom Commercial Aircraft, Inc., a wholly owned subsidiary of the Company. >From January 1986 until July 1995, Mr. Gleason served as the Vice President of Finance of International Aircraft Support L.P. ("IASI"), a seller of new and used aircraft engine parts which was purchased by the Company in 1997. Mr. Gleason was also responsible for buying, selling and leasing IASI's commercial jet engines on a worldwide basis, as well as procuring jet engine inventory consignment arrangements. Mr. Gleason is a Certified Public Accountant and earned a B.B.A. degree from Florida Atlantic University in 1971.
FRED VON HUSEN, age 54, joined the Company in January 1997 as its Executive Vice President. From 1987 to 1997, Mr. von Husen was IASI's President and Chief Executive Officer. Mr. von Husen has 34 years experience in the aviation industry primarily in engine and aircraft maintenance and financial and organization management. Prior to joining IASI, he served as Senior Vice President Operations and earlier as Vice President of Technical Services at AirCal, a passenger airline based in California. Mr. von Husen also spent 17 years at United Airlines in various positions including engine maintenance, engineering, and corporate planning. Mr. von Husen received a B.S.B.A. degree in organization management and finance from the College of Notre Dame.
ANTHONY MOTISI, age 40, has been Senior Vice President -- Operations of the Company since 1997. From 1995 until 1997, Mr. Motisi was a Vice President of the Company. From 1994 until 1995, Mr. Motisi was the Vice President of Operations of the predecessor of the Company, and from 1993 until 1994, Mr. Motisi served as Director of Sales and Marketing of such company. Prior to July 1993, Mr. Motisi held the position of Manager of Engine Parts Sales at Aviation Sales Corporation. Mr. Motisi earned a B.S. degree in finance from the University of Florida in 1980.
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<PAGE> 10PAUL F. STEELE, age 39, has been a Senior Vice President of the Company since 1997. From 1995 until 1997, Mr. Steele was a Vice President of the Company. From 1994 until 1995, Mr. Steele was the Vice President of Purchasing for the predecessor of the Company, and from 1993 until 1994, Mr. Steele served as a Director of Operations of such company. Prior to 1993, Mr. Steele held the position of Vice President of Technical Sales at The AGES Group, a subsidiary of Volvo Flygmotor and supplier of commercial aircraft engines. Mr. Steele graduated from Bolton Street College, Dublin.
GIDEON VAISMAN, age 59, has served as a Senior Vice President of the Company and Manager of the Rolls Royce and Pratt & Whitney JT8D product line divisions of the Company since April 1, 1998, upon the Company's acquisition of Integrated Technologies Corp. ("ITC"). Mr. Vaisman was the founder of ITC and its affiliates in 1985 and served as President and Chief Executive Officer of such companies from 1985 until April 1998. Prior to founding ITC, Mr. Vaisman worked for 14 years at Chromalloy Research and Technology Corporation ("Chromalloy"), where he was involved in the development, marketing and production phases of the overhaul and repair of jet aircraft engine components. While at Chromalloy, Mr. Vaisman served as Chief Engineer and General Manager. Mr. Vaisman earned a degree in mechanical and metallurgical engineering and has received international on-site training in aeronautical applications.
MICHAEL W. WALLACE, age 30, has served as Chief Financial Officer of the Company since October 1997. From April 1997 until September 1997, Mr. Wallace served as Director of Finance of the Company. Prior to joining the Company, Mr. Wallace was a senior manager at KPMG LLP at which he held various positions since September 1990. Mr. Wallace is a Certified Public Accountant licensed in Georgia and earned a B.B.A. degree from the University of Notre Dame in 1990.
----------------------------
Florida Records
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KELLSTROM COMMERCIAL AIRCRAFT, INC.
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