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Q: oceanspray coop owners ( Answered 5 out of 5 stars,   0 Comments )
Subject: oceanspray coop owners
Category: Business and Money > Consulting
Asked by: tom1066-ga
List Price: $50.00
Posted: 20 Mar 2003 09:24 PST
Expires: 19 Apr 2003 10:24 PDT
Question ID: 178720
give me a list after ad makepeace of the major coop share owners and
the number of shares they own in oceanspray.

Request for Question Clarification by pafalafa-ga on 20 Mar 2003 09:56 PST
Researchers should be aware of earlier work done on this topic at:

Clarification of Question by tom1066-ga on 20 Mar 2003 17:32 PST
i posted a new question in case someone had some of the info

Request for Question Clarification by pafalafa-ga on 20 Mar 2003 17:55 PST
Hello Tom

I'm a bit confused as to what you're after, and I'm afraid other
researchers may be as well.  In you other posting, I let you know I
had unearthed some -- not all, but some -- information on Ocean Spray
shareholders.  But you haven't responded as to whether it is of
interest to you.  Hence, I don't know whether to post it as an answer
or not.

Let me repeat here what I have found.  And if you want me to post the
full details as an answer to your question, please let me know:

--As you already know, Makepeace is the largest shareholder with about
6% of the shares.
I've also identified: 
-a 3% shareholder 
--a group of 33 shareholders that collectively hold more than 10% of
the shares (but I don't have the number of shares owned by each of the
I have the names of these 33 shareholder, as well as the name of the
3% shareholder, and the state they operate in.  Should I post this
information as an answer to this question?

Clarification of Question by tom1066-ga on 21 Mar 2003 05:23 PST
yes,please post answer
Subject: Re: oceanspray coop owners
Answered By: pafalafa-ga on 24 Mar 2003 15:53 PST
Rated:5 out of 5 stars
Hello Tom,

Sorry for the delay in responding, but here is the information you
asked for.  If anything below requires additional explanation, just
let me know through a follow-up Request for Clarification, and I'll
get back to you.

Good luck.



The following link of a shareholder lawsuit filed against Ocean Spray

identifies AR DeMarco Enterprise as a 3% shareholder of Ocean Spray:

Individually and derivatively on behalf of Ocean Spray Cranberries

"Plaintiff, A.R. DeMarco Enterprises, Inc. ("DeMarco"), is a
corporation organized and existing under the laws of the State of New
Jersey, having its principal place of business at 44 N. Packard
Street, Hammonton, New Jersey 08037. J. Garfield DeMarco is the
President and CEO of DeMarco."

"At all relevant times, DeMarco was a shareholder of Ocean Spray,
having at least 121,740 common shares, or approximately three percent
(3%) of the shareholder interests issued and outstanding. It has a
right to purchase an additional 27,904.74 shares at $25.00 per share
based on its past cranberry production."


A cranberry growers bulletin board item describes a shareholder
proposal offered at a recent annual meeting for Ocean Spray.  The
proposal identifies 33 shareholders who collectively own almost half a
million shares of the cooperative, representing more than 10% of the
total shares.  The item is excerpted, in part below, along with the
list of the 33 owners:

Group of Ocean Spray growers add resolution to board agenda to replace
entire board

2/6/03 The anxiously awaited Ocean Spray proxy has arrived and with it
a stockholder proposal that seeks to reduce the current board from 15
to 12 members, and to replace the current board with 12 new directors.
Thirty-three growers representing a total of 441,156 shares signed the
petition to get the item on the proxy for a vote. This is more than
the 10% of shares needed to get an item considered at the annual
meeting. The Ocean Spray board has recommended against a vote for this
proposal for reasons articulated in the appendix to the proxy, below.


The Stockholder Proposal is as follows:

WHEREAS, the Stockholders and all other stockholders of the Company
are fruit growers who depend upon the Company to market their crops on
terms that enable them to operate their farms profitably; and

WHEREAS, since the 1999 crop season, the Board of Directors of the
Company has failed to restore stability and profitability to the fruit
grower's cooperative such that many farms now have insufficient
revenues to operate at a profit; and

WHEREAS, the Stockholders intend to solicit proxies in favor of a
slate of twelve (12) directors to be nominated at the Annual Meeting;

WHEREAS, the Stockholders intend to submit the following stockholder
resolution to be voted upon by the stockholders of the Company
entitled to vote at the Annual Meeting.

NOW, THEREFORE, BE IT RESOLVED: That at the Annual Meeting the Board
of Directors of the Company shall be reduced from fifteen (15) to
twelve (12) members and the current members of the Board of Directors
of the Company shall be removed and a new slate of twelve (12)
directors shall be nominated, elected and take office immediately....

The growers who are signatories to this proposal are as follows:


Lawrence Harju

Richard Harju

Paul Harju

Edwin Harju

Kenneth Harju

Ronald Harju

Keith Ellis

William Rhodes

John Talcott, Jr.

Thomas Gelsthorpe

Daniel O'Conner

Keith Mann

James Jenkins

Ruel Garretson

Gary Weston

Larry Weston

Peter Stearns

William Stearns III

Ronald Drollet

Ralph Peltola

Steven Peltola

Robert C. Whiting, Jr.

Paul R. Morse (also Florida)

G. Howard Morse, Jr.

Richard Poznysz

Evan Schulman


Gordon Dempze

Randy Jonjak

Eric Jonjak

Alan Olson

Kurt Olson

John Rezin

Andrew Sorenson 


Search strategy:

"ocean spray" shareholder
demarco, harju
tom1066-ga rated this answer:5 out of 5 stars
was dillegent in findout what i needed

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