# Appendix — Rondeau v. Mosinee Paper Corp. > Briefs, arguments, decisions, and more. URL: https://www.frixlaw.com/law-library/documents/brief%3Amicro_IA40386414_0437%3A1 ## Record - **Collection:** Supreme Court brief - **Document type:** Appendix - **Published:** January 1, 1975 - **Citation:** 422 U.S. 49 ## Text INDEX Page Chronological List of Relevant Docket Entries 2 Summons and Complaint, Filed September 2, 1971 3 Answer of: Defendants, Filed October 5, 1971 32 Defendants’ Motion for Summary Judgment and Sup- porting Affidavit, Filed December 27,1971 _. 27 Affidavit of L. C. Hammond, Jr., Filed January 17, TOTS hee oes ee cane ..... 125 Affidavit ef Francis A. Rondeau in Support of Motion for Summary Judgment, Filed January 26,1972 132 Opinion, Order and Judgment af United States District Court for the Western District of Wisconsin, Filed February 13, 1973 . 139 Notice of Appeal from Judgment, Fi'ed February 22, i ¢ enter or ee 160 Decision of the United States Court of Appeals for the Seventh Circuit, Filed July 16, 1974 161 Francis A. Rondeau’s Statement Filed Pursuant to Section 13(d) of the Securities Exchange Act of 1934 for Mosinee Paper wae Dated Au- gust 25,1971 .... ae 182 Francis A. Rondeau’s Amendment to Statement filed Pursuant to Section 13(d) of the Securities Ex- change Act of 1934 for Mosinee Paper Corpora- tion, Dated September 29, 1971 197 2 Chronological List of Relevant Docket Entries September 2, 1971—Filed plaintiff Mosinee Paper Cor- poration’s complaint in United States District Court fer the Western District of Wisconsin. ; September 29, 1971—Filed motion to dismiss by Wausau and Milwaukee Banks. October 5, 1971—Filed answer of defendants except de- fendant Banks. December 27, 1971—Filed defendants’ motion for sum- mary judgment (with supporting affidavit). January 17, 1972—Filed plaintiff’s brief in opposition to defendants’ motion for summary judgment, with support- ing affidavit. January 26, 1972—Filed affidavit of Francis A. Rondeau in support of motion for summary judgment. February 13, 1973—Filed District Court’s opinion and order denying motion to dismiss and granting the motion for summary judgment in favor of all defendants. February 13, 1973—Filed District Court judgment. February 22, 1973—Filed plaintiff’s notice of appeal. July 16, 1974—Entered final judgment of Court of Ap- peals for the Seventh Circuit reversing and remanding to District Court. Costs are assessed against the appellees. July 16, 1974—Filed Circuit Court of Appeals opinion by Judge Swygert. (Judge Pell dissenting) November 7, 1974—Mandate issued by Circuit Court of Appeals. November 11, 1974—District Court received a certified copy of Circuit Court order reversing District Court’s summary judgment and remanding for further proceedings. TASER 2 a A Et Og Teta ebnae STN 3 UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN Civil Action File No. 71-C-335 MosINnEE }’APER CorporATION, a Wisconsin corporation, Plaintiff v. . Francis A. Ronpgeau, Mostnee Cotp Srorace, Inc., a Wis- consin gerporation, Francis Ronpgeav, INCORPORATED, a Wisconsin corporation, Wausau Coitp Storace Com- PANY, INc., a Wisconsin corporation, RonpEav FounpDa- TION, a Wisconsin non-stock, non-profit corporation, Ronpgeau Company, a Wisconsin limited partnership, Grorce Ronpeau, First Wisconstn NaTionaL BANK OF - Wausau, a Wisconsin corporation, and First NaTIonaL Bank oF MitwavKeEez, a Wisconsin corporation Defendants. Summons To the above named Defendants: You are hereby summoned and required to serve upon Laurénce C. Hammond, Jr. of Quarles, Heriott, Clemmons, Teschner & Noelke plaintiff’s attorney, whose address is Laurence C. Hammond, Jr. ¥ Quarles, Heriott, Clemons, Teschner & Noelke 780 North Water Street ‘ Milwaukee, Wisconsin an answer to the complaint which is herewith served upon you, within 20 days after service of this summons u;:9n you, exclusive of the day of service. If you fail to do so, judgment by default will be taken against you for the relief demanded in the complaint. ® /s/ Katharine L. Tolz Katuarine L. Toirz Deputy Clerk Date: September 2, 1971 eee Nets BERS eas gia pl aR aN asa AB Lain tee + UNITED STATES DISTRICT COUBT FOR THE WESTERN DISTRICT OF WISCONSIN [Captign Omitted] Complaint MostnezE Paper Corporation (hereinafter ‘‘Mosinee’’), for its complaint against the defendants above named, alleges as follows: PaRTIEs (1) Mosinee is a Wisconsin corporation having its prin- cipal place of business at Mosinee, Wisconsin. It is prin- cipally engaged in the businesses of manufacturing, con- verting and selling specialty papers, paper products, and plastics. It consists of five operating centers: the Pulp and Paper Divislon at Mosinee, Wisconsin; the Bay West > Paper Company Division, the Calwis Company Division and the Plastics Division, all in Green Bay, Wisconsin; and the Converted Products Division at Columbus, Wis- consin. Mosinee has been engaged at Mosinee, Wisconsin, in the manufacture of Kraft industrial and specialty papers since 1911. It has consistently been the principal employer at Mosinee, and also is a principal employer at Columbus, Wisconsin. Its only class of equity security sutstanding and registered pursuant to Section 12 of the Securities Ex- change Act of 1934 (15 U.S.C., Section 781). is common stock, of which there were 806,177 shares outstanding as of August 31, 1971. (2) Defendant Francis A. Rondeau is an individual re- siding at Maple Ridge Road, Mosinee, Wisconsin. He is President and General Manager of defendant Mostnzz Cotp Storace, Inc.; President of defendant Wausau Cotp Sror- AGE Company, Inc.; Vice President and a director of de- fendant First Wisconstn NationaL Bank or Wausau; President and a director of defendant Francis Ronpgav, IncorPoraTED; President and a director of defendant Ron- peau FounpaTion; and a limited partner of defendant Ronpgau & Company. { , SRL ELLE LOL DIL A 5 OLIV SINS ILE LL LONE OE GLE AEGEAN. BELLI GL GORA. LOSSES ELAR s : (3) Defendant Mostrez Coxtp Stonracg, Inc. is a Wiscon- sin corporation having its principal place of business at Mosinee, Wisconsin. It is engaged in the business of cold storage of food commodities. (4) Defendant Francis Ronpgav, InconporaTep is a Wis- consin corporation having its principal place of business at Mosinee, Wisconsin. It is engaged in the business of purchasing and processing natural cheese products. (5) Defendant Wausau Coitp Storace Company, Ine. is a Wisconsin corporation having its principal place of busi- ness at 832 Cleveland Avenue, Wausau, Wisconsin. It is engaged in the business of cold storage of food commodi- ties. (6) Defendant Ronpgau Founpation is a Wisconsinnon- stock, nonprofit corporation having its principal office at Mosinee, Wisconsin. It is a charitable corporation. (7) Defendant Ronpgau & Company is a Wisconsin limited partnership having its principal office and place of business at Mosinee, Wisconsin. It is composed of one gen- eral partner, defendant George Rondeau, and nine limited partners, including defendant Francis A. Rondeau. It owns real estate and securities. (8) Defendant Gzorcre Ronpgav is an individual residing at 1004 Arnold Street, Rothschild, Wisconsin. He is Man- ager, Treasurer and director of defendant Wausau Corp Storace Company, Inc., and is the general partner of de- fendant Ronpgau & Company. (9) Defendant First Wisconsin NationaL Bank or Wav- SAU is a Wisconsin corporation having its principal place of business at 400 Scott Street, Wausau, Wisconsin. (10) Defendant Fist Wisconsin Nationa Bank or Mu- WAUKEE is a Wisconsin corporation having its principal place of business at 741 North Water Street, Milwaukee, Wisconsin. Fe SR AO, me att eae dh PI IIE FL LOA OM Se Oe ae EER? 6 JURISDICTION AND VENUE (11) Jurisdiction and venue of this action are based on Section 27 of the Securities Exchange Act of 1934 (15 U.S.C. Section 78aa). Acts constituting the violations here- inafter alleged occurred in the Western Judicial District of Wisconsin, and defendants are found and do business there. First Ciaim (12) Between late April and early June, 1971, it came to the attention of Mosinee management that defendant Fran- cis A. Rondeau uad acquired approximately 18,000 shares constituting approximately 2% cf Mosinee’s common stock outstanding. As a matter of stockholder relations, Mo- sinee’s President, Clarence Scholtens, contacted Francis Rondeau. At that time Francis Rondeau told Mr. Scholiens that he was acquirirg Mosinee stock for purposes of .in- vestment because he telt that the market price was reason- able, that he had no intention or desire to control or in any way affect the management of:Mosinee’s business, and that he expected to acquire up to about 40,000 shares. (13) In late July, 1971, it appeared from the stock trans- fer records of Mosinee that Francis A. Rondeau and com- panies or entities which he probably controlled (his asso- ciates) then owned of record more than 40,309 shares of Mosinee common stock, constituting more than 5% of Mosinee’s common stock outstanding. Mosinee is informed and believes that Francis A. Rondeau and his associates became the beneficial owners of more than 5% of Mosinee’s common stock outstanding some time in June, 1971. (14) Since April 1, 1971 or prior thereto, defendants Mosinee Cotp Srorace, Inc., Francis Ronpgeavu, Incorpo- RATED, Wausau Cotp Srorace Company, Inc., Ronpgau Founpation, Ronpzau & Company, Georce Ronpeav, and, upon information and belief, other persons and entities whose identities are not known to Mosinee, have acted with 7 Prancis A. Rondeau as a syndicate or other group for the purpose of acquiring and holding Mosinee common stock, their objective being to take over and control Mosinee. Knowing that objective, defendants Fist Wisconsin Na- TIONAL Bank or Wausau and First Wisconsin NaTionaL Bank or Mitwavuxkez aided and abetted the group’s acqui- sitions of Mosinee common stock by finavicing its purchases thereof, all without securing or attempting to secure the group’s compliance with provisions of the Securities Ex- change Act of 1934 hereinafter alleged to have been vio- lated. (15) After acquiring the beneficial ownership of more than 5% of Mosinee common stock outstanding, defendants failed within ten days after such acquisition to send to Mosinee at its principal executive office and to file with the Securities and Exchange Commission a statement con- tainitig the information required by Section 13D, in viola- tion of Section 13(d)(1) of the Securities Exchange Act of 1934 (15 U.S.C., Section 78m). (16) Beginning on July 29, 1971, several attempts were made by Mosinee’s Board Chairman, John E. Forester, to contact Francis Rondeau by telephone to arrange a meet- ing to ascertain his and his associates’ identities and back- grounds, the sources and amounts of funds or other con- sideration used by them in acquiring Mosinee stock, their purposes, their interests in Mosinee stock, and other mat- ters which defendants were required by Section 13(d) (1) to disclose to Mosinee so that it, in turn, could apprise Mosinee stockholders thereof. At first Mr. Forester re- ceived no response to calls left for Francis Rondeau. There- after, on July 30, 1971, Mr. Forester wrote a letter to Fran- cis Rondeau, a copy of which is attached hereto as Exhibit A. On August 3, 1971, Mr. Rondean called Mr. Forester by telephone and stated that he was not willing to meet with representatives of Mosinee unless his connsel was present, and that his counsel would not be available until August 7 . 2 = © or > POET et 6 WEES ERAS RE 8 S80 LEE ELITE EEE LILLE BGI TERY: CR ae DIE OR NE ORS BORG AT cet LS AAAS a RN. 8 9, 1971. A meeting, convenient to counsel for Mr. Rondeau, was scheduled for 1:00 P.M. on August 10, 1971,-in Mil- waukee, Wisconsin. On August 9, 1971, Mr. Rondeau’s attorney, Lyman A. Precourt of Milwaukee, Wisconsin, called Mr. Forester, cancelled the meeting scheduled for August 10, 1971, and declined to schedule another meeting. In respect of that conversation, Mr. Forester wrote Francis Rondeau the letter dated August 9, 1971, a copy of which is attached hereto as Exhibit B. Shortly thereafter, Mosinee received the letter dated August 9, 1971, attached hereto as Exhibit C, from Mr. Rondeau’s attorney to Mr. Forester. (17) Defendants’ failure to disclose to Mosinee and the Securities and Exchange Commission, and hence the share- holders and investing public generally, the information re- quired by Schedule 13D was a device, scheme and artifice to defraud Mosinee and its stockholders, an omission to state material facts necessary in order to make statements made by Francis A. Rondeau not misleading, and a fraud and deceit upon Mosinee and its stockholders in connec- tion with defendants’ acquisition of Mosinee common stock, in violation of Sections 10(b) and 14(e) of the Se- curities Exchange Act of 1934 (15 U.S.C., Section 78), 78n). (18) Stockholders of Mosinee who sold shares without the information which defendants were required to disclose lacked information material to their decision whether to sell or hold. Mosinee was unable to communicate such in- formation to its stockholders, and to take such actions as their interest required, including advising them that Fran- cis Rondeau and his associates apparently have no experi- ence whatsoever in the business of manufacturing and selling specialty papers, and it is believed that for them effectively to obtain control of Mosinee would have disas- trous consequences for remaining Mosinee stockholders. 9 .Seconp CLAIM (19) On or about August 25, 1971, approximately 60 days after they became the beneficial owners of more than 5% of Mosinee’s common stock outstanding, and after the predding and exchanges described in paragraph 16, above, defendants mailed to Mosinee at its principal executive office the Schedule 13D, a copy of which is mttanuee hereto as Exhibit D. (20) The Schedule 13D belatediy filed by defendants is incomplete and misleading:in the following respects: (A) In stating the purposes of their acquisition (Schedule 13D, Item 4 at page 10), Mr. Rondeau and his associates state that their ‘‘investments as orig- inally determined were and are not necessarily made with the objective’’ ‘‘to obtain effective control’’ of Mosinee. Mosinee is informed and believes that defend- ants’ acquisitions of Mosinee stock were made with that objective. (B) Schedule 13D requires disclosure of the source and amount of funds or other consideration used or to be used in making the purchases. Defendants’ Sched- ule 13D (Item 3, page 9) discloses that $477,000 loaned to them by defendants First Wisconsin NaTIONAL BaNK or Wausau and First Wisconstn Nationa, BANK OF MitwavkEE financed their purchases of Mosinee com- mon stock, and that such loans have been repaid. Funds used to repay those loans were funds used in making the purchases, although the sources thereof are not disclosed. (C) In Item 3 of their Schedule 13D (page 19), de- fendants state that they are considering investing ap- proximately $3,600,000 of additional funds in common stock of Mosinee. The anticipated sources of $2,200,000 thereof are identified. The source of the balance of $1,400,000 is not identified, except to state that it will ‘*be borrowed although no commitments for any such SRT We. Sa ce: - 2 10 borrowings or loans have been entered into or have gone beyond the negotiation and discussion stage.’’ Defendants are required by statute also to disclose the sources of such borrowings or loans being nego- tiated and discussed. (D) Mosinee is informed and believes that individ- uals and entities whose identities and backgrounds are not disclosed by the Schedule 13D filed are acting as a group with defendants for the purpose of acquiring and holding common stock of Mosinee with the pur- pose of obtaining effective control of Mosinee. (E) Item 5 at page 11 of the Schedule 13D indicates (i) that defendant Francis A. Rondeau owns of record and beneficially 45,911 shares, whereas Mosinee’s stock transfer records indicate that he and his nominees own of record 50,361 shares; (ii) that defendant Mosiner Corp Srorace, Inc. owns of record and _ beneficially 7,250 shares, whereas Mosinee’s stock transfer records indicate that it owns of record 4,200 shares; (iii) that defendant Francis Ronpeavu, INcorPoRATED owns of record and beneficially 7,800 shares, whereas Mosinee’s stock transfer records indicate that it owns of record 5,500 shares; (iv) that defendant Wausau Cotp Sror- AGE Company, Inc. owns of record and _ beneficially 1,800 shares, whereas Mosinee’s stock transfer ree- ords indicate that it owns of record 2,300 shares; (v) that defendant Ronpgeau & Company owns of record and beneficially 3,300 shares, whereas Mosinee’s stock transfer records indicate that it owns of record 2,620 shares. (21) Defendants’ incomplete and misleading Schedule 13D violates Section 13(d)(1). In violation of Sections 10(b) and 14(e) of the Securities Exchange Act of 1934 (15 U.S.C., Section 78j, 78n); it omits to state material facts necessary in order to make the statements made not mis- leading, and constitutes a fradulent and deceptive act in 11 connection with the public cash tender offer to the share- holders of Mosinee which defendants state they are con- sidering (Schedule 13D, Item 4 at page 10), and with re- spect to which Francis Rondeau publicly announced on August 31, 1971 that ‘‘a decision would be made this week on the tender price and the number of shares which he will seek to purchase.’’ (22) Mosinee and its stockholders and the investing public generally (insofar as they are potential purchasers of Mosinee stock) have been and continue to be irreparably injured by defendants’ failure to file an accurate and com- plete Schedule 13D. Mosinee and its stockholders have been unable to ascertain with certainty the identity and back- ground of all members of the group acting with defendants, and the amount and sources of their financing. Stockholders of Mosinee who may sell their stock to defendants or per- sons acting in concert with defendants lack knowledge ma- terial to their decision whether to buy, sell or hold. Defend- ants’ statement that they are considering a public cash tender offer to the shareholders of Mosinee has disrupted Mosinee’s relationships to its stockholders, employees, sup- pliers, customers and associates. Lacking full information concerning defendants, their financing and purposes, Mosi- nee is unable adequately to protect its stockholders against what management considers a serious threat to the con- duct of the business of Mosinee. WHEREFORE, plaintiff prays: (1) That defendants and each of them, their agents, offi- cers, directors, partners and all persons acting on their behalf or in concert with them, be enjoined from (a) voting any common stock of Mosinee held or acquired in violation of the Securities Exchange Act of 1934; (b) using such stock as collateral to secure funds, directly or indirectly, to exercise or acquire control of Mosinee; Piticsitntcernaternts: speciasincors 12 (ec) acquiring additional common stock of Mosinee; at least until such time as the effects of their viola- tions of the Securities Exchange Act of 1934 have been fully dissipated. (2) That defendants be required to divest themselves of all shares of common stock of Mosinee acquired by them in violation of the Securities Exchange Act of 1934. (3) That plaintiff have judgment for such damages as it might have sustained as a result of defendants’ violations of the Securities Exchange Act of 1934, when ascertained. (4) That plaintiff have such other and further relief as - may be appropriate. (5) That plaintiff recover its costs, disbursements and attorneys’ fees herein. . LauRENCE C. HAMMonD, JR. W. Sruart Parsons Of Quarles, Heriott, Clemons, Teschner & Noelke By Attorneys for Plaintiff Of Counsel: Quarles, Heriott, Clemons, Teschner & Noelke 780 North Water Street Milwaukee, Wisconsin 53202 414-273-3700 13 Exhibit A July 30, 1971 Mr. Francis A. Rondeau Mosinee, Wisconsin Dear Francis: The stock transfer sheets for Mosinee Paper Corporation indicate that you have a substantial stock interest in the Company at this time and considerably more shares than Chum understood to be your objective. I discusséd the matter with Chum, who is in Boston, yesterday, and he suggested that I set up a meeting with you as soon as he returns. Chum is expected in Mosinee late Tuesday night and would be available for a meeting any time Wednesday morning or early afternoon. Your activity in the Company’s stock has given rise to numerous rumors, some of which have been circulating in the mill. In the interest of the welfare of the Company we would hope that these rumors could be put to rest. Your activity in the stock seems to have created some prob- lems under the Federal Securities Laws for both you and the Company and these, too, might be discussed. We feel that a meeting might better be held at some place other than the mill or your office and I would suggest that we meet in our offices on the sixth floor of the First Ameri- can National Bank Building. I shall call you on Monday to see if the suggested time and place for a meeting fit in with your plans and will then firm it up with Chum who will be traveling back to Mosinee. Yours most sincerely, JEF/gh eR RR aa itis bestttortericrnatenarrncaisiertieswias. 14 Exhibit B August 9, 1971 Mr. Francis A. Rondeau Mosinee, Wisconsin Dear Francis: Your attorney, Lyman Precourt, called today and asked that the meeting which we had agreed upon be cancelled. You remember that we initially sought to talk with you during the week of August 2nd and you asked that a meet- ing be delayed until your attorney returned. While we were willing to postpone the meeting as a courtesy to yov and your attorney, we would appreciate your re- scheduling it within the next week. We certainly have no desires to inconvenience you, but in the interest of the Com- pany’s welfare, we are anxious to quiet the many rumors which have been circulating in the mill and among our customers. If you find that you are unable to arrange such a meeting, please let us know so that we may consider the alternatives available to us and take appropriate action. Yours most sincerely, JEF/gh ec—Lyman Precourt, Esq. Foley & Lardner 732 North Water Street Milwaukee, Wisconsin 15 Exhibit C FOLEY & LARDNER 735 NORTH WATER STREET MILWAUKEE 53202 TELEPHONE (414) 273-0800 AuGusT 9, 1971 WASHINC £f0N OFFICE 815 CONNECTICUT AVENUE, N.W. WASHINGTON,-D.c. 20006 TELEPHONE (202) 223-4771 Mr. John E. Forester Chairman of the Board Mosinee Paper Corporation P.O. Box 65 Wausau, Wisconsin 54401 Dear Mr. Forester: This will confirm my telephone conversation with you today in which I advised that we had been retained by Mr. Francis A. Rondeau in connection with his stock interests in Mosinee Paper Corporation. We have reviewed your letter to Mr. Rondeau of July 30, 1971, requesting a meet- ing and suggesting that Mr. Rondeau’s acquisition of stock of Mosinee Paper Corporation may have created some problems under the Federal Securities Law for the com- pany and him. I have just returned from vacation and am in the process of ascertaining the periinent facts and will then again be in touch with you with respect to a meeting. I have noted your request that this meeting be held this week aiid will try to comply therewith although I cannot be certain that I will have sufficient information on such short notice. I will, however, do my best to see that this matter is attended to as promptly as possible. Very truly yours, Foutey & LarpNer By /s/ Lyman A. Precourt Lyman A. PrEcourt SM PRET AD BRP B VOLT EL LEGIT LEP OPES POLE OL A REALE ILA IIL FP AR | ec: Mr. Francis A. Rondeau sie a aR IR aba RIL tat alts BNR Uikadabedictyipsan Sinclar alas See eee ee ee Rite tii Exhibit D (Transmittal) FOLEY & LARDNER 735 NORTH WATER STREET MILWAUKEE 93202 TELEPHONE (414) 273-0800 auGust 25, 1971 WASHINGTON OFFICE 815 CONNECTICUT AVENUE, N.W. WASHINGTON, D.c. 20006 ' TELEPHONE (202) 223-4771 August 25, 1971 REGISTERED MAIL Mr. John E. Forester Chairman of the Board Mosinee Paper Corporation P.O. Box 65 Wausau, Wisconsin 54401 Dear Mr. Forester: On behalf of our client, Francis A. Rondeau, enclosed please find a copy of Schedule 13D which we are mailing to the Securities and Exchange Commission today. Very truly yours, Fotey & LarRDNER By /s/ Phillip J. Hanrahan Puiturr J. HANRAHAN Enclosure ec: Mr. Francis A. Rondeau 17 Exhibit D MOSINEE PAPER CORPORATION STATEMENT FILED PURSUANT TO SECTION 13(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SCHEDULE 13D Item 1. Security and Issuer. Cémmon Stock, $5.00 par value, Mosinee Paper Corporation (Issuer), Mosinee, Wisconsin 54455. Item 2. Identity and Background. I. (a) Francis A. Rondeau P.O. Box 10 Mosinee, Wisconsin 54455 (b) Maple Ridge Road Mosinee, Wisconsin 54455 (c) President and General Manager of Mosinee Cold Storage, Inc., P.O. Box 10, Mosinee, Wisconsin 54455 Cold storage and food commodities. — (d) (i) President Wausau Cold Storage Company, Inc. 832 Cleveland Avenue Wausau, Wisconsin 54401 Cold storage of food commodities Prior to 1961 to date LE OTE PO AG SVN EOE PY BAER TRIO EPI AIG LORIE LS GOS IAL: LIOR IED 18 (ii) Vice President and Director First Wisconsin National Bank of Wausau 400 Scott Street Wausau, Wisconsin 54401 General Banking 1963 to date (iii) President and Director | Francis Rondeau, Incorporated f P.O. Box 10 y Mosinee, Wisconsin 54455 j Packaging and processing of natural cheese ; products Prior to 1961 to date — (e) Francis A. Rondeau has not, during the past ten years, been convicted in any criminal proceeding. II. (a) Mosinee Cold Storage, Ine. : P.O. Box 10 . : Mosinee, Wisconsin 54455 _ : (b) Not applicable te (c) Cold storage of food commodities. (d) Not applicable PERRO SP : (e) Mosinee Cold Storage, Inc. has not, during the past ten years, been convicted in any criminal proceeding. Information called for by Item 2 with respect to the officers and directors of Mosinee Cold Storage, Ine. is as follows: (a)-(e) Francis A. Rondeau, President and Director (The information concerning Francis A. Rondeau contained in I (a)-(e) above is incorporated by reference herein as if fully set forth herein). SEL, ape PEL Mog gen 97902 RR eh Ne Se PEER: AO AAR OE (a) (b) (c) (d) Steg MeO 19 Homer Ayvazzadeh P.O. Box 10 Mosinee, Wisconsin 54455 1010 Maple Street’ Wausau, Wisconsin 54401 Secretary and Director and head of quality con- trol of Mosinee Cold Storage, Inc., P.O. Box 10, Mosine isconsin 54455 (cold storage of food commodities) ; Vice-President, Secretary, Director ana head of jquality control of Francis Rondeau, ‘Incorporated, P.O. Box 10, Mosinee, Wisconsin 54455 (packaging and processing of natural cheese products). (i) Chemical Engineer Armour & Company - St. Paul, Minnesota 1962-1964 Meat packer and processor (ii) Seeretary and Director and head of quality control Mosinee Cold Storage, Inc. P.O. Box 10 Mosinee, Wisconsin 54455 1964 to date Cold storage of food commodities (iii) Vice President, Secretary, Director and head of quality control, Francis Rondeau, Incor- porated, P.O. Box 10, Mosinee, Wisconsin 54455 1964 to date Packaging and processing of natural cheese products (a) (b) (c) 20 Marie Rondeau (wife of Francis A. Rondeau) P.O. Box10 Mosinee, Wisconsin 54455 Maple Ridge Road Mosinee, Wisconsin 54455 Principal occupation is housewife, but also serves as (i) Tréasurer and Director of Mosinee Cold Storage, Inc., P.O. Box 10, Mosinee, Wisconsin 54455 (cold storage of food commodities), (ii) Treasurer and Director of Francis Rondcau, In- corporated, P.O. Box 10, Mosinee, Wisconsin 54455 (packaging and processing of natural cheese prod- ucts), and (iii) Secretary and Director of Wausau Cold Storage Company, Inc., 832 Cleveland Ave- - nue, Wausau, Wisconsin ° 54401 (cold storage of (d) (e) III. 2 food commodities). . (i) 1961-date—housewife (ii) 1961-date—Treasurer and Director of Mosinee Cold Storage, Inc., P.O. Box 10, Mosinee, Wis- consin 54455 (cold storage of food commodi- ties) (iii) 1961-date—Treasurer and Director of Francis Rondeau, Incorporated, P.O. Box 10, Mosinee, Wisconsin 54455 (packaging and processing of natural cheese products) (iv) 1961-date—Secretary and Director, Wausau Cold Storage Company, Inc., 832 Cleveland Avenue, Wausau, Wisconsin 54401 (cold stor- age of food commodities) Mrs. Rondeau has not, during the past ten years, been convicted in any criminal proceeding. Francis Rondeau, Incorporated P.O. Box 10 Mosinee, Wisconsin 54455 LPL SINR OG NONI SLONE INB LE IERIE ML LONE IE SELES EERE LILLE DOES LL OO 21 (b) Not applicable (c) Purchasing and processing of natural cheese products (d) Not applicable (e) Francis Rondeau, Incorporated has not, during the past ten years, been convicted in any criminal proceeding. Information called for by Item 2 with respect to the officers and directors of Francis Rondeau, Incorporated is as follows: (a)-(e) Francis A. Rondeau, President and Director (The information concerning Francis A. Rondeau contained in I (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) Homer Ayvazzadeh, Vice President, Secretary and Director (The information concerning Homer Ayvazzadeh contained in II (a)-(e) above is incor- porated by reference herein as if fully set forth herein). (a)-(e) Marie Rondeau, Treasurer and Director (The information concerning Marie Rondeau contained in II (a)-(e) above is incorporated by rence herein as if fully set forth herein). IV. (a) Wausau Cold Storage Company, Inc. 532 Cleveland Avenue Wausau, Wisconsin 54401 (b) Not applicable (c) Cold storage of food commodities (d) Not applicable (e) Wausau Cold Storage Company, Inc. has not, during the past ten years, been convicted in any criminal proceeding. a Atty rasan ake Ph REL LOL ZAIRE LOA BYP ALOVIED nee fs LOOP TIE LEE AYIA AE EAI eee Information called for by Item 2 with respect to the officers and directors of Wausau Cold Storage Company, Inc. is as follows: (a)- (a)- (a) (b) (c) (e) Francis A. Rondeau, Chairman of the Board, President and Director (The information concern- ing Francis A. Rondeau contained in I (a)-(e) above is incorporated by reference herein as if _ fully set forth herein). (e) Marie Rondeau, Secretary and Director (The | information concerning Marie Rondeau contained in II (a)-(e) above is incorporated by reference herein as if fully set forth herein). George Rondeau 832 Cleveland Avenue Wausau, Wisconsin 54401 1004 Arnold Street Rothschild; Wiseonsin 54474 Manager, Treasurer and Director of Wausau Cold Storage Company, Inc., 832 Cleveland Avenue, Wausau, Wisconsin 54401 Cold storage of food commodities (d) (i) 1961-1965, Student, Spencerian College, Mil- (e) waukee, Wiscorsin —~ (ii) 1965-April, 1967, Sales Representative, Folgers Coffee Co., Kansas City, Missouri, coffee pro- ducers (iii) April, 1967-date, Manager, Treasurer and Di- rector, Wausau Cold Storage Company, Inc., 832 Cleveland Avenue, Wausau, Wisconsin 54401 Cold storage of food commodities George Rondeau has not, during the past ten years, been convicted in any criminal proceeding. ~— 23 V. (a) Rondeau Foundation P.O. Box 10 Mosinee, Wisconsin 54455 (b) Not applicable (c) Charitable corporation (d) Not applicable (e) Rondeau Foundation has not, during the past ten years, been convicted in any criminal proceeding. Rondeau Foundation is a Wisconsin non-profit charitable corporation organized in 1956. Information with respect to the officers and directors of the Rondeau Foundation is as follows: (a)-(e) Francis A. Rondeau, ‘President and Director (The information concerning Francis A. Rondeau contained in I (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) Marie Rondeau, Secretary and Director (The information concerning Marie Rondeau contained in II (a)-(¢) above is incorporated by reference herein as if fully set forth herein). (a)-(e) George Rondeau, Treasurer and Director (The information concerning George Rondeau contained in IV (a)-(e) above is incorporated by reference herein as if fully set forth herein). VI. (a) Rondeau & Company P.O. Box 10 Mosinee, Wisconsin 54455 (b) Not applicable (c) Rondeau & Company is a limited partnership com- posed of one general partner and 9 limited partners. It owns real estate and securities. DEST Ut a Rae A ASS MRTOTES 8 Gd tO DRS ace arent” 9 IPR Bes eS Le RTE ent Tn PRE LOEE LR BEY, he ih wlll OES ee 24 (d) Not applicable (e) Rondeau & Company has not, during the past ten years, been convicted in any criminal proceeding. Information with respect to the general and limited partners of Rondeau & Company is as follows: (a)-{e) George Rondeau, General Partner (The infor- mation concerning George Rondeau contained in IV (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) Francis A. Rondeau, Limited Partner (The information concerning Francis A. Rondeau con- tained in I (a)-(e) above is incorporated by refer- ence herein as if fully set forth herein). (a)-(e) Marie Rondeau, Limited Partner (The infor- mation concerning Marie Rondeau contained in II (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) Homer Ayvazzadeh, Limited Partner (The in- formation concerning Homer Ayvazzadeh con- tained in II (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a) John Rondeau (Limited Partner) P.O. Box 10 Mosinee, Wisconsin 54455 (b) Half Moon Lake Mosinee, Wisconsin 54455 (c) Production Manager, Francis Rondeau, Incorpo- rated, P.O. Box 10, Mosinee, Wisconsin 54455 Packaging and processing of natural cheese products (d) 1962-1966, Student, St. Norbert’s College, Green Bay, Wisconsin A & > See OR ASL SAORI: AE SE RAAT AI. Ek EN IS, WAT AGIOS > 25 1966-1968, Sales Representative, Shell Oil Com- pany, Des Moines, lowa 1968 to date, production manager, Francis Ron- deau, Incorporated, P.O. Box 10, Mosinee, Wiscon- sin 54455 (e) John Rondeau has not, during the past ten years, been convicted in any criminal proceeding. (a) Frank Rondeau (Limited Partner) 704 Kinglet Avenue Wausau, Wisconsin 54401 (b) 704 Kingiet Avenue - Wausau, Wisconsin 54401 (c) Sales Representative, Hallmark Greeting Card Company, Kansas City, Missouri Greeting cards (d) 1965-1969, Student, Spencerian College, Milwaukee, Wisconsin 1969 to date, Sales Representative, Hallmark Greeting Card Company, Kansas City, Missouri Greeting cards (e) Frank Rondeau has not, during the past ten years, been convicted in any criminal proceeding. (a) Earl Rondeau (Limited Partner) Maple Ridge Road Mosinee, Wisconsin 54455 (b) Maple Ridge Road Mosinee, Wisconsin 54455 (c) Student, Mosinee High School, Mosinee, Wisconsin (d) None (e) Earl Rondeau has not, during the past ten years, been convicted in any criminal proceeding. Ds A RE as Shad Borin ig nith EOD ISLES! £1 Tea PONE LSS. ky We Bisinusesiics 26 (a) Carol Rondeau Ayvazzadeh (Limited Partner) 1010 Maple Street Wausau, Wisconsin 54401 (b) 1010 Maple Street Wausau, Wisconsin 54401 (c) Housewife (d) Housewife for over past ten years. (e) Carol Rondeau Ayvazzadeh has not, during the yast ten vears, been convicted in any criminal proceeding. ° 2 : (a) Paul Rondeau (Limited Partner) c/o Rubuen Cocoa Restaurant Phoenix, Arizona (b) Apartment #227 Canlan Apartments 5145 North 7th Street Phoenix, Arizona 85014 (c) Assistant Manager, Rubuen Cocoa Restaurant, Phoenix, Arizona Restaurant (d) (i) September 1967—January 1971, Student, St. ‘ Norbert’s College, Green Bay, Wisconsin (ii) January 1971 to date—Assistant Manager, Rubuen Cocoa Restaurant, Phoenix, Arizona Restaurant (ec) Paul Rondeau has not, during the past ten years, been convicted in any criminal proceeding. (a) Rosylind Rondeau (Limited Partner) 18410 Jamaica Avenue Hollis, New York 11423 27 (b) Apartment #2D 433 East 83rd Street New York, New York 10028 (c) Designer, Ideal Toy Company, 18410 Jamaica Avenue, Hollis, New York 11423 Toy manufacturer (d) (i) 1961-1963, Designer, Hallmark Greeting Card Company, Kansas City, Missouri Greeting cards (ii) 1963-1965, Designer, Playskool Toy Company, Chicago, Illinois Toy manufacturer (iii) 1965-1967, Designer Tootsie Toy Division of Strombecker Corporation, Chicago, Illinois Toy manufacturer (iv) 1968, Designer, Sylvestries, Chicago, Illinois Commercial Designers and Decorators (v) 1969 to date, Designer, Ideal Toy Company, 18410 Jamaica Avenue, Hollis, New York 11423 - Toy manufacturer (e) Rosylind Rondeau has not, during the past ten years, been convicted in any criminal proceeding. NOTE: Francis A. Rondeau, through stock ownership, corporate offices; and family relationships, controls Mosi- nee Cold Storage, Inc., Wausau Cold Storage Company, Ine. and Francis Rondeau, Incorporated. In addition, he also controls the Rondeau Foundation and Rondeau & Company. Information with respect to Francis A. Ron- deau as required by Items (a)-(e) of Item 2 of this Schedule 13D is set forth in I (a)-(e) above and is in- corporated herein by reference as if fully set forth herein. Sitesi aia ay sealable) OTS ae aw. CEE RRRATE Se Aa 2 Se AAS Ppa Rin Ne 28 Item 3. Source and Amount of Funds or Other Considera- tion. All purchases of the Issuer’s common stock made to date have been financed as follows: 1. Approximately $598,000 from Francis A. Rondeau of which approximately $300,000 came from Mr. Rondeau’s own funds and the remainder borrowed from Rondeau & Company on open account. 2. Mosinee Cold Storage, Inc. borrowed $30,000 from the First Wisconsin National Bank of Wausau on a 90-day note at 514% secured by certain securities owned by it and related companies named herein. This loan has been repaid. 3. Francis Rondeau, Incorporated boz:rowed $100,000 from the First Wisconsin National Bank of Wausau on a 90-day note at 514% secured by certain securities owned by it and related companies named herein. This loan has been repaid. 4. Rondeau & Company borrowed $307,000 from the First Wisconsin National Bank of Milwaukee at an annual interest rate of 6% secured by certain securities owned by it and related companies named herein. This loan has been repaid. NOTE: Of the funds identified in 1 to 4 above, approxi- mately $865,000 was utilized to purchase common stock of the Issuer and the balance used to make purchases of securities of other corporations. Francis A. Rondeau and one or more of his =~trolled corporations and other entities presently are considering investing approximately $3,600,000 of additional funds in the common stock of the Issuer. These funds are expected to be obtained as follows: (a) $1,200,000 to be invested by Mosinee Cold Storage, Ine., out of proceeds to be received from the sale of real property located in Marathon County, Wisconsin; such transaction is expected toiclose within the next 12 months; ‘ 29 (b) Francis A. Rondeau and his associates propose to sell appro.:imately $1,000,000 of marketable securities to provide pdditional funds for investment in common stock of the Issuer; (c) The balance of the monies, if invested, will be bor- rowed although no commitments for any such borrowings or loans have been entered into or have gone beyond the negotiation and discussion stage. Item 4. Purpose of Transaction. Francis A. Rondeau determined during early part of 1971 that the common stock of the Issuer was undervalued in the over-the-counter market and represented a good in- vestment vehicle for future income and appreciation. Fran- cis A. Rondeau and his associates presently propose to seek to acquire additional common stock of the Issuer in order to obtain effective control of the Issuer, but such invest- ments as originally determined were and are not necessarily made with this objective in mind. Consideration is currently being given to making a public cash tender offer to the shareholders of the Issuer at a price which will reflect current quoted prices for such stock with some premium added. In the event control of the business of the Issuer is obtained, Francis A. Rondeau and his associates have no intention to liquidate the business of the Issuer, sell its assets, merge it with any other group or entity, or make any other major change in its business or corporate struc- ture except with respect to consideration being given to ‘management changes in an effort to provide a Board of Directors which is more representative of all of the share- holders, particularly those outside of present management, in order to improve such managemert with the intent cf attempting to better assure the stockholers’ equity growth and payment of increased dividends, if possible. All such purchases were effected through registered broker-dealers in the over-the-counter market at prevailing 30 prices and were made over a period of time from April 5, A 1971 through August 4, 1971. e Item 5. Interest in Securities of the Issuer. No. of Shares 3 Owned of Record ‘ and Benefically 3 Francis A. Rondeau 45,911 : (individually and as agent for companies listed below) ; Associates: 4 Mosinee Cold Storage, Ine. 7,250 ~ P.O. Box 10 | Mosinee, Wisconsin 54455 | ri Francis Rondeau, Incorporated 7,800 | P.O. Box 10 z Mosinee, Wisconsin 54455 3 Wausau Cold Storage Company, Inc. 1,800 4 832 Cleveland Avenue 3 Wausau, Wisconsin 54401 4 Rondeau Foundation 516 i P.O. Box 10 E Mosinee, Wisconsin 54455 Rondeau & Company 3,300 P.O. Box 10 Mosinee, Wisconsin 54455 Total 66,577 Within the past 60 days, Francis A. Rondeau has pur- chased 10,974 shares of the Issuer and his associate, Ron- deau & Company, has purchased 1,000 shares. Neither Francis A. Rondeau nor any of his associates named above PSEA, REIN SA ie Att te wie ba aa fal a Se ee Dee a 31 have any right to acquire, directly or indirectly, any addi- tional shares. Item 6. Contracts, Arrangements, or Understandings With Respect to Securities of the Issuer. None Item 7. Persons Retained, Employed or to be Compensated. Not applicable Item 8. Material to be Filed as Exhibits: Not applicable I certify that to the best of mv knowledge and belief, the information set forth in this statement is true, complete and correct. August 25, 1971 /s/ Francis A. Rondeau Francis A. Rondeau MostneE Cotp Soraae, Inc. By /s/ Francis A. Rondeau Francis A. Rondeau Francis Ronpravu, INcorporatED By /s/ Francis A. Rondeau Francis A. Rondeau Wausau Coip Sroracre Company, Inc. By /s/ Francis A. Rondeau Francis A. Rondeau Ronpgau FounpatTIon By /s/ Francis A. Rondeau Francis A. Rondeau Ronpeau & Company By /s/ Francis A. Rondeau Francis A. Rondeau . BEE Re PL SERIE TERED AE LENE LIN ARLEN NE LIO LE: LE ESRI Pie 32 IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN [Caption Omitted] File No. 71-C-335 Answer Now come the defendants, Francis A. Rondeau, Mosinee Cold Storage, Inc., Francis Rondeau, Incorporated, Wau- sau Cold Storage Company, Inc., Rondeau Foundation, Rondeau & Company, and George Rondeau (hereinafter ‘‘defendants’’), by their attorneys, David E. Beckwith and James O. Huber, and for their answer to the plaintiff’s complaint, allege and show to the Court as follows: Rta Me igs teem 1. Deny having knowledge or information sufficient to form a belief as to the truth of the allegations of paragraph 1, except matters of public record, and thereby put plaintiff to its proof thereon. 2. Admit the allegations of paragraphs 2,.3, 4, 5, 6, 7 and 8. 3. Admit the allegations of paragraphs 9 and 10, ex- cept that said defendants are national banking associations organized under and by virtue of the laws of the United States of America. 4. As to the allegations of paragraph 11, deny that plaintiff has pleaded a claim for relief under the Securities and Exchange Act of 1934, or any other federal act, and further deny that any alleged acts of these defendants con- stitute violations thereof. 5. Admit the allegations of paragraph 12 except those ‘ which relate to the alleged discussion as to Francis Ron- deau’s intention or desire to control or in any way affect the management of Mosinee’s business, allege in this re- spect that no such discussions took place at said time. ON AR ree ccapem : VO nee es ersyen oe ee 33 6. As to the allegations of paragraph 13, admit that Francis A. Rondeau and his associates own of record more than 5% of Mosinee’s common stock outstanding, alleging in his respect that said defendants became the owners thereof in May, 1971; defendants’ further allege in this respect that such ownership appeared and was reflected on the stock transfer records of Mosinee earlier than late July, 1971. | 7. Deny the allegations of paragraph 14. 8. As to the allegations of paragraph 15, admit that defendants failed within ten days after acquiring 5% of Mosinee common stock to prepare and file the statement required by Section 13(d)(1) of the Securities and Ex- change Act of 1934, alleging in this respect that said de- fendants had no knowledge that their purthases of Mo- sinee e6mmon stock were of sufficient magnitude to require any such filing; allege that the defendant, Francis A. Ron- deau, was advised by a person or persons who purported to be familiar with securities law and regulations that no SEC filing was required until he and his associates had acquired 10% of the outstanding common stock of a cor- poration; further allege that upon being advised in tlie last days of July or early August, 1971, for the first time of the requirement for filing a Schedule 13D under Section 13(d) (1) of the Securities and Exchange Act of 1934, defendants did in fact promptly prepare and file a Schedule 13D with the Securities and Exchange Commission and sent a copy thereof to Mosinee at its principal executive offices. 9. As to the allegations of paragraph 16, deny having knowledge or information sufficient to form a belief as to what attempts, if any, were made by Mosinee’s Board Chairman to contact Francis A. Rondeau, by telephone or otherwise, to arrange a meeting and/or the purpose of any such meeting, and further deny that Mr. Forester received no response to calls allegedly left for Mr. Rondeau; admit the remaining allegations of paragraph 16. ~ yA oe esti | 34 10. Deny the allegations of paragraph 17. 11. Deny the allegations of paragraph 18, and allege in this respect that the officers and directors of Mosinee were fully aware from the stock transfer records ,of Mo- sinee and from other sources of information, including Mr. Rondeau, that Francis A. Rondeau and his associates were, in the spring of 1971, purchasing substantial amounts of Mosinee common stock, and further believed or suspected that it was or could be the purpose of Francis A. Rondeau and his associates to purchase sufficient amounts of the common stock of Mosinez so that they could obtain effective control of Mosinee or so that the; would be in a position to tender for additional Mosinee common stock or solicit proxies to vote the common stock of. Mosinee to obtain con- trol of Mosinee; plaintiff and its officers and directors could have informed the shareholders of defendants’ purchases of Mosinee common stock and their suspicions respecting Mr. Rondeau’s purposes had they seen fit to do so, but in- stead said officers undertook to purchase large quantities of the common stock of Mosinee before communicating with Mosinee stockholders. 12. As to the allegations of paragraph 19, admit that defendant, Francis A. Rondeau, mailed to Mosinee on or about August 25, 1971 the Schedule 13D; deny any impli- cation that said Schedule was submitted by reason of the alleged prodding and/or exchanges alleged in paragraph 16 of plaintiff’s complaint, realleging in this respect the allegations of paragraph 8 above. ' 13. As to the allegations of paragraph 20, deny that said Schedule 13D is incomplete and/or misleading in any manner affecting plaintiff. Specifically, as to the allegations of paragraph 20(A), allege that said Schedule 13D speaks for itself ; deny defendants acquired the Mosinee stock for any purpose other than stated in said Schedule 13D. 35 As to the allegations of paragraph 20(B), deny the allegations of the last sentence thereof. As to the allegations of paragraph 20(C), deny the allegations of the last sentence thereof. Deny the allegations of paragraph 20(D). As to the allegations of paragraph 20(E), admit that at the time of the original filing of the Schedule 13D, all of the stock allocations and/or sources of funds for the purchase thereof between Francis A. Rondeau and his affiliates had not been determined, and allege fur- ther in this respect that the final allocations are as follows: Number of Shares of Record and Beneficially Francis A. Rondeau 34,679 Mosinee Cold Storage, Inc. 11,020 Francis Rondeau, Incorporated 7,060 Wausau Cold Storage Company, Inc. 3,600 Rondeau Foundation 1,957 Rondeau & Company 4,600 Ronco 264 Mosinee Cold Storage, Inc. Wausau Cold Storage.Company, Inc., and Francis Rondeau, Incorporated, as participating Employees in the Emjay Corporation Master Profit Sharing Plan dated October 14, 1968 3,397 66,577 Defendants further point out in this respect that the minor discrepancies in said allocations are of no con- sequence to plaintiff alleging in this respect that the eee nes 2a cca SR Eade SORE SR eh aS Pye PE IS ES Ee 36 total 66,577 shares properly was represented in the original Schedule 13D and that the revised allocations thereof will be properly set forth in an amendment to, or supplement of their Schedule 13D. 14. Deny the allegations of paragraphs 21 and 22. Seconp DEFENSE As and for its second defense, defendants allege that plaintiff has failed to state a cause of action. Tuirp DEFENSE As and for its third defense, defendants allege that of- ficers and directors of plaintiff, with the knowledge and consent of plaintiff’s Board of Directors and President and in violation of Sections 10(b) and 13(d)(1) of the Securi- ties and Exchange Act of 1934, purchased a large number of shares of the common stock of plaintiff in the months of June, July and August, 1971, and prior theretq; plaintiff comes before the Court with unclean hands and should therefore be denied equitable relief. Wuererore, the defendants demand judgment against the plaintiff dismissing the complaint on its merits and for the full costs and disbursements of this action. Davin E. BeckwitH James QO. Huser James R. CuarkK By Davin E. BeckwitH _ Attorneys for Defendants Of Counsel: Foley & Lardner 735 North Water Street Milwaukee, Wisconsin 53202 37 IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN [Caption Omitted] Defendants’ Motion for Summary Judgment Case No. 71-C-335 Now comes defendants by their attorneys, David E. Beck- with, James O. Huber and James R. Clark, and move the Court for an order dismissing plaintiff’s complaint upon its merits pursuant to Rule 56 of the Federal Rules of Civil Procedure. Defendants’ motion is based upon the transcripts of the depositions of Francis A. Rondeau, John E. Forester, Clarence Scholtens and San W. Orr, Jr., and upon the affidavit of David E. Beckwith attached hereto. ___Dated: December 24, 1971. Daviv E. BecxwitH James QO. HuBER James R. CLark By David E. Beckwith Attorneys for Defendants Of Counsel: Fotey & LARDNER 735 North Water Street Milwaukee, Wisconsin 53202 38 Affidevit in Support of Defendants’ Motion for Summary Judgment State oF WIsconsin ) Ss MitwavuKkez County ) Davip E. Becxwirtaz, being first duly sworn, on oath de- poses and says: 1. I am an attorney licensed to practice in the State of Wisconsin and admitted to practice in this Court. I am a member of the firm of Foley & Lardner of Milwaukee, Wis- consin, and I am one of the attorneys for the defendants in this action. I make this affidavit in support of defendants’ motion for summary judgment pursuant to Rule 56, being authorized so to do. 2. At a pretrial conference in this action held on De- cember 8, counsel for the parties agreed that defendants would move for summary judgment so that the Court could consider, as a matter of law, the question of whether all or any of ‘the remedies sought by plaintiff in this action are appropriate in the present circumstances and that the legal issue would be brought before the Court on a stipulation of facts which attorneys for the plaintiff and defendants would endeavor to prepare. It was further agreed that those mat- ters which, by reason of disagreement concerning the facts or by reason of disagreement respecting relevancy or ma- teriality, were not included in the stipulation could be in- corporated in affidavits to be submitted in support of, or in opposition to, defendants’ motion. It was understood, I believe, that the Court would endeavor to decide whether in the present circumstances any of the remedies sought by plaintiff were appropriate based upon the stipulated facts, or upon those facts respecting which there was no material dispute. In the event that the Court felt it neces- sary to consider disputed facts to resolve the motion, the motion would be denied without prejudice and the matter would be scheduled for an early trial. Subsequent to the December 8 pretrial conference the Court issued its order REO EE RIS PIE IDEN NEE TI NE NE EB ie AE BI NE SN ES RN FNS PBT OO ee Dee FO oil SBE pret ecto. cr’ igi econ Rate maa 39 of December 13 confirming the understandings arrived at the: pretrial conference. 3. I prepared a draft Stipulation of facts and submitted it to plaintiff’s counsel, Laurence C.' Hammond, Jr., on Monday, December 20. Laté on Wednesday, Dacunber 22, Mr. Hammond advised that the draft stipulation was un- acceptable and suggested that in lieu of a stipulation of facts that I should file whatever I thought was an apprc- priate affidavit. Mr. Hammond had no alternative draft stipulation. He said that he would check the tabulations of stock purchases and stock registrations which I propose to affix to the stipulation of facts but I told him that I was certain that there would not be time for him to,confirm the accuracy of the schedules that we had prepared. Accord- ingly, in spite of the understandings which I thought were arrived at or December 8, defendants’ motion for sum- mary judgment is not accompanied by a stipulation of facts and this affidavit, together with certain deposition tran- scripts referred to below are submitted in support of de- fendants’ motion. 4. In addition to this affidavit and the schedules at- tached to it, defendants submit in support of their motion for summary judgment the depositions of Francis A. Ron- deau, John E. Forester, Ciarence Scholtens and San W. Orr, Jr. Defendants’ brief will refer to deposition tran- script pages where appropriate. To make those depositions a part of the record for purposes of this motion they are incorporated by reference herein as though attached to this affidavit or set forth in full herein. The statements which follow in this affidavit are based upon deposition testimony, deposition exhibits or documents produced in response to requests or demands for document production (or sub- poenas duces tecum), and in some limited and minor re- spects information provided directly to me by defendants. I have endeavored to incorporate in this affidavit only those material facts which I believe are not in substartial dispute and which I believe are pertinent to defendants’ motion. ae — I en OD ee eS Ce SE te Ba AG MI sty Be ROBIE CALE E ME IEEE LINE Dab ee Te RADE RT TEE AAS SN 40 ) 5. Francis A. Rondeau is a resident of Mosinee, Wis- 2 consin. He is 54 years old, married and has seven children. : His formal education ended upon his graduation from ’ Mosinee High School in 1934. Following his graduation ” Milwaukee Company Robert W. Baird Milwaukee Company Piper, Jaffrey & Hopwood Robert W. Baird Milwaukee Company CES va Price 1234 1234 1234 1234 12% 12% 123, 12% 13 123, 12% 12% 12% 12%, 12% 12% 12% 12% 1234 51 Exhibit B FRANCIS A. RONDEAU, ET AL. CHRONOLOGICAL CUMULATIVE TOTAL OF MOSINEE PAPER CORP. STOCK REGISTRATIONS 4/28/71 500 500 5/ 6/71 5,500 6,000 5/ 6/71 4,200 10,200 lyon t 1,800 12,000 5/ 6/71 6.000 18,000 o/ 7/71 500 18,500 5/25/71 516 19,016 6/ 9/71 3,050 22,066 6/18/71 100 22,166 | 6/23/71 : 500 22,666 6/23/71 1,000 23,666 6/30/71 1,900 25,566 7/ 1/71 2,620. . 28,186 7/ V7 2,100 30,286 / Vi 120 30,406 7/ 1/71 400 30,806 7/ 8/71 100 30,906 1/ 8/71 : 500 31,406 7/ 8/71 220 31,626 7/ 9/71 1,500 33,126 7/ 9/71 3,000 36,126 7/ 9/71 3,100 : 39,226 7/ 9/71 2,500 41,726 7/ 9/71 3,500 45,226 7/14/71 7/14/71 7/14/71 7/14/71 7/14/71 7/20/71 7/20/71 7/23/71 7/23/71 7/23/71 8/ 5/71 8/ 5/71 8/ 5/71 8/ 5/71 8/ 5/71 8/ 5/71 8/ 5/71 8/ 5/71 8/ 5/71 8/10/71 8/12/71 8/12/71 8/12/71 8/23/71 8/23/71 8/23/71 8/23/71 8/23/71 8/26/71 8/26/71 8/30/71 46,326 47,276 48,276 49,576 50,576 51,176 51,303 $1,803 52,403 53,503 53,563 53,803 54,003 54,203 54,503 55,003 55,853 56,673 56,873 58,393 58,793 59,193 59,493 59,693 59,993 61,197 61,797 62,097 63,097 64,097 65,497 53 Exhibit C MOSINEE PAPER CORPORATION P.O. BOX 65 WAUSAU, WISCONSIN 54401 , July 30, 1971 John E. Forester Chairman of the Board ‘Mr. Francis A. Rondeau Mosinee, Wisconsin Dear Francis: The stock transfer sheets for Mosinee Paper Corporation indicate that you have a substantial stock interest in the Company at this time and considerably more shares than Chum understood to be your objective. I discussed the matter with Chum, who is in Boston, yesterday, and he suggested that I set up a meeting with you as soon as he returns. Chum is expected in Mosinee late Tuesday night and would be available for a meeting any time Wednesday morning or early afternoon. Your activity in the Company’s stock has given rise to numerous rumors, some of which have beén circulating in the mill. In the interest of the welfare of the Company we would hope that these rumors could be put to rest. Your activity in the stock seems to have created some prob- lems under the Federal Securities Laws for both you and the Company and these, too, might be discussed. We feel that a meeting might better be held at some place other than the mill or your office and I would suggest that we. meet in our offices on the sixth floor of the First Ameri- can National Bank Building. I shall call you on Monday to see if the suggested time and place for a meeting fit in with your plans and will then firm it up with Chum who will be traveling back to Mosinee. Yours most sincerely, /s/ John E. Forester JEF/gh ; 54 3 ‘ Exhibit D : JOHN E. FORESTER, ET AL. STOCK OWNERSHIP 3 AND PURCHASES 5 MOSINEE PAPER CORPORATION ; 11/70-8/9/71 PER SEC FORMS 4 and 13D FILED 8/9/71 , Date No. of Shares Cum. Total ' Purchaser * Total Held ~ 11/30/70 2700 JEF 33,166 » = 12/15/70 700 3,400 JEF 33,866 > 12/21/70 600 | 4,000 JEF 34,466 = 12/30/70 300 4,300 JEF 34,766 ~ 12/31/70 200 4,500 JEF 34,966 > 1/8/71 500 5,000 JEF 35,466 » 1/14/71 300 5,300 JEF 35,766 a 61/19/71 500 5,800 JEF 36,266 = 1/21/71 4986 10,786 JEF 41,252 1/22/71 500 11,286 JEF 41,752 1/26/71 100 11,386 JEF 41,852 1/27/71 600 11,986 JEF 42,452 1/30/71 200 12,186 JEF 42,652 3/18/71 400 12,586 JEF 43,052 3/19/71 500 13,086 JEF 43,552 3/27/71 200 13,286 JEF 43,752 4/6/71 1012} 14,298 JEF 44,764 4/20/71 400° 14,698 JEF 45,164 4/21/71 200 14,898 JEF 45,364 7/30/71 ° 660 15,558 JEF 46,024 7/30/71 3033 18,591 NW Spire Tr. 49,057 7/30/71 3033 21,624 AWF Trust 52,090 7/30/71 3034 24,658 MW Fisher Tr. 55,124 8/2/71 2950 27,608 NW Spire Tr. 58,074 8/2/71 2950 30,558 AWF Trust 61,024 8/2/71 2950 33,508 MW Fisher Tr. 63,974 j 8/3/71 1183 34,691 NW Spire Tr. 65,157 * 8/3/71 118: 35,874 AWF Trust 66,340 8/3/71 1183 37,057 MW Fisher Tr. 67,523 8/4/71 1166 38,223 NW Spire Tr. 68,689 8/4/71 1167 39,390 AWF Trust 69,856 8/4/71 1167 40,557 MW Fisher Tr. 71,023 40,557 * Includes shares held by 5 trusts identified in 13D filed 8/9/71. 59 Exhibit E SCHEDULE 13 D Item 1. Security and Issuer. State the title of the class of equity securities to which this statement relates and the name and address of. the issuer of such securities. $5 Par Value Common Stock—Mosinee Paper Corpora- tion, Mosinee, Wisconsin Item 2. Identity and Background. State the following with respect to the person filing this statement: (a) Name and business address: John E. Forester, 602 First American National Bank Bldg., Wausau, Wisconsin 54401. (b) Residence address: Franklin Hill, Wausau, Wis- consin 54401. (c) Present principal occupation or employment and the name, principal business and address of any cor- poration or other organization in which such employ- ment is carried on: President, Forewood, Inc., 602 First American Na- tional Bank Building, Wausaug Wisconsin 54401. (d) Material occupations, positions, offices or em- ployments during the last 10 years, giving the starting and ending dates of each and the name, principal busi- ness and address of any business corporation or other organization in which each such occupation, position, office or employment was carried on: See attached Corporate Affiliations. (e) Whether or not, during the last 10 years, such person has been convicted in a criminal proceeding t MBE NS OED 2M, Rp gt Ll RP AEE es tae POD ANT EAR OT REM DAS Th ay RS: PA eg OTE PROSE Sod 56 (excluding traffic violations or similar misdemeanors) and, if so, give the dates, nature of conviction, name and location of court, and penalty imposed, or other disposition of the case. A negative answer to this sub- item need not be furnished to security holders. Answer: None Item 3. Source and Amount of Funds or Other Con- sideration. State the source and amount of funds or other considera- tion used or to be used in making the purchases, and if any part of the purchase price or proposed purchase price is represented or is to be represented by funds or other con- sideration borrowed or otherwise obtained for the purpose of acquiring, holding, or trading the securities, a description of the transaction and the names of the parties thereto: John E. Forester Cash $ 8,475.10 1949 Nancy Woodson Spire Trust Cash 104,162.50 1949 Alice Woodson Forester Trust Cash 104,162.50 1949 Margaret Woodson Fisher Trust Cash 104,162.50 No borrowings. Item 4. Purpose of Transaction. State the purpose or purposes of the purchase or pro- posed purchase of securities of the issuer. If the purpose or one of the purposes of the purchase or proposed purchase is to acquire control of the business of the issuer, describe any plans or proposals which the purchasers may have to liquidate the issuer, to sell its assets or to merge it with any other persons, or to make any other major change in its business or corporate structure, including, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote would be required by Section 13 of the Investment Company Act of 1940 (15 U.S.C. 804-13). . LL HERP YS PLO SEE 4. Tersey Sy ety a ae a STRRPOY EF PETAL AI I LAL TAI OEE IIL LE OY CF 7 pp eT St GAR A RN ERE GE ae OE POR IESG 57 Answer: For investment. Item 5. Interest in Securities of the issuer. State the number of shares of the security which are beneficially owned, and the number of shares concerning which there is a right to acquire, directly or indirectly, by (i) such persons, and (ii) each associate of such person, giving the name and address of each such associate. Furnish information as to all transactions in the class of securities to which this statement relates which were effected during ’ the past 60 days by the person filing this statement and by its subsidiaries and their officers, directors and affiliated persons. (a) Beneficial Ownership Number of Shares John E. Forester, Box 65, Wausau, Wisconsin 3,502 Associates Alice Woodson Forester, Franklin Hill, _ Wausau, Wis. 7,424 (2) 1949 Naney Woodson Spire Trust, Box 65, Wausau, Wis. 15,084 (1) (4) 1949 Alice Woodson Forester Trust, Box 65, Wausau, Wis. 15,086 (1) (3) (4) 1949 Margaret Woodson Forester Trust, Box 65, Wausau, Wis. 15,087 (1) (4) 1960 Nancy W. Spire Trust, Box 65, Wausau, Wis. 7,424 (1) 1957 Margaret W. l’isher Trust, Box 65, Wausau, Wis. 7,416 (1) (1) John E. Forester is a trustee of these trusts. (2) Alice Woodson Forester is the wife of John E. Forester. (3) John E. Forester’s wife, Alice Woodson For- ester, has a beneficial interest in this trust. 58 (4) A minor child of Alice Woodson Forester whose residence is John E. Forester’s home has a beneficial interest in these trusts. (b) On July 30, 1971 John E. Forester purchased 660 shares. Shares were purchased by the trusts listed below on the dates and in the number of shares indicated : 7/30/71 «8/2/71 —s-8/3/71_—s: 8/4/71 1949 Nancy Woodson Spire Trust 3,033 2,950 1,183 1,166 1949 Alice Woodson Forester Trust 3,033 2,950 1,183 1,167 1949 Margaret Woodson Fisher Trust 3,934 2,950 1,183 1,167 Item 6. Contracts, Arrangements, or Understandings with Respect to Securities of the Issuer. —_—_/ Y Furnish information as to any contraets, arrangements, or understandings with any person with respect to any securities of the issuer, including but not limited to transfer of any of the securities, joint ventures, loan or option ar- rangements, puts or calls, guaranties of loans, guaranties ’ ’ against loss or guaranties of profits, division of losses or profits, or the giving or withholding of proxies, naming the persons with whom such contracts, arrangements, or un- derstandings have been entered into, and giving the details thereof. Answer: None. Item 7. Persons Retained, Employed or to be Compen- sated. Where the Schedule 13D relates to a tender offer, or re- quest or invitation for tenders, identify all persons and classes of persons employed, retained or to be compensated CEI HORA y E a eee 2 GE AOI, LOPLI LEE LS MN LEI, POD IOS ME GY feet ss ve ak Le D ¥ 59 by the person filing this Schedule 13D, or by any person on his behalf, to make solicitations or recommendations to security holders and describe briefly the terms of such employment, retainer or arrangement for compensation. Answer: Not applicable. Item 8 Material to be Filed as Exhibits. Copies of all requests or invitations for tenders or ad- vertisements making a tender offer or requesting or in- viting tenders, additional material soliciting or requesting such tender offers, solicitations or recommendations to the holders of the security to accept or reject a tender offer or request or invitation for tenders shall be filed as an exhibit. Answer: Not applicable. The individual filing this schedule disclaims that he or his named associates are a person or group within the pur- view or meaning of Section 13D of the Securities Exchange Act and the rules and regulations promulgated by the Se- curities Exchange Commission thereunder and disclaims the necessity of filing this schedule. The filing is made by the undersigned because he desires to make available the information herein contained to Mosinee Paper Corpora- tion as well as to the Securities and Exchange Commission. Signature I certify that to the best of my knowledge and belief the information set forth in this statement is true, complete and correct. /s/ John E. Forester Joun E. Forester August 9, 1971 Ra EN 60 Joun E. Forester . 602 First American National Bank Building Wausau, Wisconsin 54401 715-845-9201 : CORPORATE AFFILIATIONS ' Starting Date (all continue to present ) 1961 Central Wisconsin ‘Bankshares, Inc. Wausau, Wisconsin VP & Director 1968 Employers Insurance of Wausau Wausau, Wisconsin Director . 1961 First American National Bank : Wausau, Wisconsin Director 1960 Forewood, Inc. (Financial Consulting) Wausau, Wisconsin Pres. & Director 1961 Longview Fibre Company Longview, Washington Director 1958 Marathon Electric Manu- facturing Corporation Wausau, Wisconsin VP & Director 1967 The Marathon Electric Foundation, Ine. Wausau, Wisconsin VP & Director 1967 Marathon Electric Re- search of Canada, Ltd. Toronto, Ontario VP & Director 1971 Marshall & Ilsley Bank Milwaukee, Wisconsin Director 1958 Masonite Corporation Chicago, Illinois Director 1969 MCI-North Central States, Ine. Minneapolis, Minnesota VP & Director ; 1958 Montana-Dakota : Utilities Co. Bismarck, North Dakota VP & Director 1968 Mosinee Paper Mills Company Mosinee, Wisconsin Bd Chm & Director 1970 Wausau Paper Mills Company Brokaw, Wisconsin Bd Chm & Director _ 1958 Wausau Theatres a Company Wausau, Wisconsin Director z ‘1966 Wisconsin Valley Trust 4 Company Wausau, Wisconsin See-Treas& Director _ 1952 The Aytchmonde Woodson : ; Foundation, Inc. Wausau, Wisconsin Secy & Director 4 1958 Woodson Fiduciary Wilmington, Delaware Pres., Treas. & = Corporation Director & 61 MOSINEE PAPER CORPORATION STATEMENT FILED PURSUANT TO SECTION 13(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SCHEDULE 13D Item 1. Security and Issuer. Common Stock, $5.00 par value, Mosinee Paper Corporation (Issuer), Mosinee, Wisconsin 54455. Item 2. Identity and Background. I. (a) Francis A. Rondeau P.O. Box 10 Mosinee, Wisconsin 54455 (b) Maple Ridge Road Mosinee, Wisconsin 54455 (c) President and General Manager of Mosinee Cold Storage, Inc., P.O. Box 10, Mosinee, Wisconsin 54455 Cold storage and food commodities. (d) (i) President Wausau Cold Storage Company, Ine. 832 Cleveland Avenue Wausau, Wisconsin 54401 Cold storage of food commodities Prior to 1961 to date (ii) Vice President and Director . First Wisconsin National Bank of Wausau 400 Scott Street. Wausau, Wisconsin 54401 General Banking 1963 to date ; 62 (ili) President and Director Francis Rondeau, Incorporated P.O. Box 10 Mosinee, Wisconsin 54455 Packaging and processing of natural cheese ‘ products » Prior to 1961 to date (e) Francis A. Rondeau has not, during the past ten years, been convicted in any criminal proceeding. II. (a) Mosinee Cold Storage, Inc. Bes 30.’ ' Mosinee, Wisconsin 54455 (b) Not applicable (c) Cold storage of food commodities. (d) Not applicable (e) Mosinee Cold Storage, inc. has not, during the past ten years, been convicted in any criminal proceeding. Information called for by Item 2 with respect to the officers and directors of Mosinee Cold Storage, Inc. is as follows: mies (a)-(e) Francis A. Rondeau, President and Director (The information concerning Francis A. Rondeau contained in I (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a) Homer Ayvazzadeh P.O. Box 10 Mosinee, Wisconsin 54455 (b) 1010 Maple Street ‘ Wausau, Wisconsin 54401 (c) Secretary and Director and head of quaiity con- trol of Mosinee Cold Storage, Inc., P.O Box 10, r 63 Mosinee, Wisconsin 54455 (cold storage of food commodities) ; Vice-President, Secretary, Director and head of quality control of Francis Rondeau, Incorporated, P.O. Box 10, Mosinee, Wisconsin 04455 (packaging and processing of natural cheese products). (d) (i) Chemical Engineer Armour & Company St. Paul, Minnesota 1962-1964 Meat packer and processor (ii) Secretary and Director and head of quality control Mosinee Cold Storage, Inc. P.O. Box 10 Mosinee, Wisconsin 54455 1964 to date Cold storage of food commodities (iii) Vice President, Secretary, Director and head of quality control, Francis Rondeau, Incor- porated, P.O. Box 10, Mosinee, Wisconsin 54455 - 1964 to date Packaging and processing of natural cheese products (a) Marie Rondeau (wife of Francis A. Rondeau) P.O. Box 10 Mosinee, Wisconsin 54455 (b) Maple Ridge Road Mosinee, Wisconsin 54455 (c) Principal occupation is housewife, but also serves as (i) Treasurer and Director of Mosinee Cold Storage, Inc., P.O. Box 10, Mosinee, Wisconsin a POPS OE LER OMRGI L IPRS OTIC SMI BEY alle at nH S Phe ou a ee YS Pe ce? oe ee gh RY PS ated ee ay Pee tee a DM 64 54455 (cold storage of food commodities), (ii) Treasurer and Director of Francis Rondeau, In- corporated, P.O. Box 10, Mosinee, Wisconsin 54455 (packaging and processing of natural cheese prod- ucts), and (iii) Secretary and Director of Wausau Cold Storage Company, Inc., 832 Cleveland Ave- nue, Wausau, Wisconsin 54401 (cold storage of food commodities). (d) (i) 1961-date—housewife (ii) 1961-date—Treasurer and Director of Mosinee Cold Storage, Inc., P.O. Box 10, Mosinee, Wis- consin 54455 (cold storage of food commodi- ties) “ (iii) 1961-date—Treasurer and Director of Francis Rondeau, Incorporated, P.O. Box i6, Mosinee, Wisconsin 54455 (packaging and processing of natural cheese products) (iv) 1961-date—Secretary and Director, Wausau Cold Storage Company, Inc., 832 Cleveland Avenue, Wausau, Wisconsin 54401 (cold stor- age of food coinmodities) (e) Mrs. Rondeau has not, during the past ten years, been convicted in any criminal proceeding. _ il. (a) Francis Rondeau, Incorporated wbhareatde, P.O. Box 10 Mosinee, Wisconsin 54455 (b) Not applicable ‘ (c) Purchasing and processing of natural cheese products (d) Not applicable (e) Francis Rondeau, Incorporated has not, during the past ten years, been convicted in any criminal proceeding. 65 ‘Information called for by Item 2 with respect to the officers and directors of Francis Rondeau, Incorporated is asfollows: (a)-(e) Francis A. Rondeau, President and Director (The information concerning Francis A. Rondeau contained in I (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) Homer Ayvazzadeh, Vice President, Secretary and Director (The information concerning Homer Ayvazzadeh contained in II (a)-(e) above is incor- porated by reference herein as if fully set forth herein). (a)-(e) Marie Rondeau, Treasurer and Director (The information concerning Marie Rondeau contained in II (a)-(e) above is incorporated by reference ’ herein as if fully set forth herein). IV. (a) Wausau Cold Storage Company, Inc. 832 Cleveland Avenue = Wausau, Wisconsin 54401 (b) Not applicable (c) Cold storage of food commodities (d) Not applicable (e) Wausau Cold Storage Company, Inc. has not, during the past ten years, been convicted in any criminal proceeding. Information called for by Item 2 with respect to the officers and directors of Wausau Cold Storage Company, Inc. is as follows: (a)-(e) Francis A. Rondeau, Chairman of the Board, President and Director (The information concern- ing Francis A. Rondeau contained in I (a)-(e) above is incorporated by reference herein as if fully set forth herein). 66 4 (a)-(e) Marie Rondeau, Secretary and Director (The a information concerning Marie Rondeau contained in II (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a) George Rondeau 832 Cleveland Avenue Wausau, Wisconsin 54401 (b) 1004 Arnold Street Rothschild, Wisconsin 54474 (c) Manager, Treasurer and Director of Wausau Cold Storage Company, Inc., 832 Cleveland Avenue, Wausau, Wisconsin 54401 Cold storage of food commodities (d) (i) 1961-1965, Student, Spencerian College, Mil- : waukee, Wisconsin . bs 2 (ii) 1965-April, 1967, Sales Representative, Folgers ‘ Coffee Co., Kansas City, Missouri, coffee pro- ducers a wetose 3 PR ee Sees CO RE TRS eT eee Ge aoe ee ne LUE GaGa OA AL " ; (iii) April, 1967-date, Manager, Treasurer and Di- rector, Wausau Cold Storage Company, Inc., 832 Cleveland Avenue, Wausau, Wisconsin 54401 Cold storage of food commodities (e) George Rondeau has not, during the past ten years, ‘been convicted in any criminal proceeding. V. (a) Rondeau Foundation P.O. Box 10 Mosinee, Wisconsin 54455 — (b) Not applicable ie RCN DT IE MMi AAT RAPE Ora ARS > (c) Charitable corporation (d) Not applicable 67 (e) Rondeau Foundation has not, during the past ten years, been convicted in any criminal proceeding. ‘ ; Rondeau Foundation is a Wisconsin non-profit charitable corporation organized in 1956. Information with respect to the officers and directors of the Rondeau Foundation is as follows: (a)-(e) Francis A. Kondeau, President and Director (The information concerning Francis A. Rondeau contained in I (a)-(e) above in incorported by reference herein as if fully set forth herein). (a)-(e) Marie Rondeau, Secretary and Director (The information concerning Marie Rondeau contained in II (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) George Rondeau, Treasurer and Director (The information concerning George Rondeau contained in IV (a)-(e) above is incorporated by reference herein as if fully set forth herein). VI. (a) Rondeau & Company P.O. Box 10 Mosinee, Wisconsin 54455 (b) Not applicable (c) Rondeau & Company is a limited partnership com- posed of one general partner and 9 limited partners. It owns real estate and securities. " (d) Not applicable (e) Rondeau & npempaned edb during the past ten years, been convicted in any criminal proceeding. / Information with respect to the general and limited partners of Rondeau & Company is as follows: (a)-(e) George Rondeau, General Partner (The infor- mation concerning George Rondeau contained in 68 IV (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) Francis A. Rondeau, Limited Partner (The information concerning Francis A. Rondeau con- tained in I (a)-(e) above is incorporated by refer- ence herein as if fully set forth herein). (a)-(e) Marie Rondeau, Limited Partner (The infor- mation concerning Marie Rondeau contained in II (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a)-(e) Homer Ayvazzadeh, Limited Partner (The in- formation concerning Homer Ayvazzadeh con- tained in II (a)-(e) above is incorporated by reference herein as if fully set forth herein). (a) John Rondeau (Limited Partner) P.O. Box 10 Mosinee, Wisconsin 54455 (b) Half Moon Lake Mosinee, Wisconsin 54455 (c) Production Manager, Francis Rondeau, Incorpo- rated, P.O. Box 10, Mosinee, Wisconsin 54455 Packaging and processing of natural cheese products (d) 1962-1966, Student, St. Norbert’s College, Green Bay, Wisconsin 1966-1968, Sales Representative, Shell Oil Com- pany, Des Moines, Iowa 1968 to date, production manager, Francis Ron- deau, Incorporated, P.O. Box 10, Mosinee, Wiscon- sin 54455 eS (e) John Rondeau has not, during the past ten years, been convicted in any criminal proceeding. »> See Picton at oa hah atom hie aie ea Ol ea bye ah PM SOAs 1G PR ee Td 69 (a) Frank Rondeau (Limited Partner) 704 Kinglet Avenue Wausau, Wisconsin 54401 (b) 704 Kinglet Avenue Wausau, Wisconsin 54401 (c) Sales Representative, Hallmark Greeting Card Company, Kansas City, Missouri Greeting cards (d) 1965-1969, Student, Spencerian College, Milwaukee, Wisconsin 1969 to date, Sales Representative, Hallmark Greeting Card Company, Kansas City, Missouri Greeting cards (e) Frank Rondeau has not, during the past ten years, been convicted in any criminal proceeding. (a) Earl Rondeau (Limited Partner) Maple Ridge Road Mosinee, Wisconsin 54455 (b) Maple Ridge Road Mosinee, Wisconsin 54455 (c) Student, Mosinee High School, Mosinee, Wisconsin (d) None (e) Earl Rondeau has not, during the past ten years, been convicted in any criminal proceeding. (a) Carol Rondeau Ayvazzadeh (Limited Partner) 1010 Maple Street Wausau, Wisconsin 54401 (b) 1010 Maple Street Wausau, Wisconsin 54401 (c) Housewife 70 (d) Housewife for over past ten years. (e) Carol Rondeau Ayvazzadeh has not, during the past ten years, been convicted in any criminal proceeding. (a) Paul Rondeau (Limited Partner) c/o Rubuen Cocoa Restaurant Phoenix, Arizona (b) Apartment #227 Canlan Apartments 5145 North 7th Street Phoenix, Arizona 85014 (c) Assistant Manager, Rubuen Cocoa Restaurant, Phoenix, Arizona 4 6 Restaurant (d) (i) September 1967—January 1971, Student, St. Norbert’s College, Green Bay, Wisconsin (ii) January 1971 to date—Assistant Manager, Rubuen Cocoa Restaurant, Phoenix, Arizona Restaurant (e) Paul Rondeau has not, during the past ten years, \ been convicted in any criminal proceeding. (a) Rosylind Rondeau (Limited Partner) 18410 Jamaica Avenue Hollis, New York 11423 (b) Apartment #2D 433 East 83rd Street New York, New York 10028 (c) Designer, Ideal Toy Company, 18410 Jamaica Avenue, Hollis, New York 11423 Toy manufacturer (d) (i) 1961-1963, Designer, Hallmark Greeting Card | Company, Kansas City, Missouri | : Sa, Sapo ee OX Se ~~ - _— —s> _¢ ~ time, Francis’ Ar Rofdeau and his ‘associates have had 5 telephone and personal discussions with other persons who own common stock of the Issuer. The names of such per- sons, as best as can be recalled by Mr. Rondeau and his associates, are listed below. Most of these discussions were originated by. the other party to the discussion. They in- volvgj such matters as‘tHe-true value of the common stock of the Issuer, the composition of its Board of Directors, the person or persons who exercise effective control of the Board of Directors, the possibility of changing control of the corporation and the future praspects of Mosinee Paper Company. 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CRANDALL CARL A. von ENDE JOHN E. FORESTER Attorney and Managing Trustee BIDWELL K. GAGE Vice President, a Bay West Paper Company C. M. GREEN ROBERT V. JONES President and General Mgr., Marathon Electric Mfg. Corp. JOHN A. McPHERSON CURT PEACOCK President and General Mgr., Calwis Company President, Green Bay Plastics, Inc. STANLEY L. REWEY Executive Vice President Marshall & llsley Bank GEORGE L. RUDER Attorney, Ruder & Staples, S.C. CLARENCE SCHOLTENS WILLIAM J. SERVOTTE President, - Bay West Paper Company STANLEY F. STAPLES, JR. Attorney, Ruder & Staples, S.C. RONALD A. WESTGATE President, Wausau Oil Company 1970 OFFICERS JOHN RESTER Chairma of the Board JOHN A. McPHERSON President and Chief Executive: Officer CLARENCE SCHOLTENS Executive Vice President WILLIAM J. SERVOTTE Vice Presigient HENRY C. CRANDALL Vice President, Research SR \ and Developrnent CARL A. von Ended Vice President, Manufacturing - E.C. BATZER : ~~ Secreta.’ % afl R. W. SCHMIDTKE — Treasurer - 2, 2 “ i, Seb I ANE ie ALONG AOL IEAL IN RAIELT an a 0085 TT HD ER ESE RS AER NTT tH TS TR VAN ARTIS BA Pt we ore Be! el th ANN ” 93 ES Oe Se I) en ee Inflationary pressures which have been all — too apparent in other aspects of corporate affairs also made themselves felt in the com- pany’s Forést Operations and in the woodlands of our sitppliers. Higher wages for wood labor and higher price tags on logging equipment brought about the inevitable result of higher production costs and an increase in pulpwood prices. Along with freight rate increases and higher handling costs, inadequate car supplies and poor rail service further accelerated the delivered cost of pulpwood. 1S chica Sg athens rs ele api an Pa Additional stumpage reserves were acquired in Minnesota and the Black Hills of South Dakota by successful bids on several public forests timber offerings. These volumes will supplement our industrial forest production in Wisconsin-which now provides up to 25% of our total anrual pine requirements. Forest fire aind insect infestation problems wers st a minimum during the past year and industrial forest operations continued to make a substantial contribution to corporate earnings. 1) Forester Bill Kauth plots operations on a map of Mosinee’s 86,000-acre Industrial Forest at Solon Springs, Wisconsin. 2) Observing a scarifier operation is woods foreman, Bill Wilcox. 3) Forest Manager Terry Michal operates a rubber-tired “skidder.” EO TE: ad ee Le tigi é esp, 4 agit’ nt ea. \~ « PT TTT on - +. Strike “~ + oe! y Pn tt tin sd 95. 10. : 2 rt ‘Yay seury seded sno} seoussow sesedo ‘esey pesnirid Asjpesg wif ©%!) ‘Ssepues eusyrew Pa{yAS (1 ‘punomeas Bulag si: 4! se saded uno ur sayew aayonpuo> Aue S@1j4UEP! 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PAMPER So 111 BRIER Bigham PLAGE AEE et Io. | Re nce oar ct eee SEE eee eS mn EEE REN PII ELE INE BIRR ramp ee ane ts ake ° Oe a ee eet ae sc te Cae ies MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION | OSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATIO MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION MOSINEE PAPER CORPORATION a is oe pes - ‘ St: a : ‘G&E3 eos © IDLE GOS ALIENS REAM Ie its ae Nt 5 Pate 112 _— Exhibit L REPORT FOR SEVEN a DEC. 31,1970 EE ee Senne Ne at DIRECTORS/OFFICERS - ELENA DIE ARIE SNOT EET MELT BIS ENE RR OER IEIL OUP Y *IENIN B55 113 BOARD OF DIRECTORS Henry C. Crandall John E. Forester, Attorney and Managing Trustee Bidwell K. Gage, President, Bay West Paper Company Division Cc, M. Green Robert V. Jones, President, Marathon Llectric Mfg. Corp. John A. McPherson F.C. Peacock, President, Calwis Company Division, Green Bay Plastics Division ‘ Stanley L, Rewey, Executive Vice President, Marshall & Isley Bank George Lb. Ruder, Attorney, Ruder & Staples, 8, C. (Deceased) Clarence Scholtens William J. Servotte Stanley F, Staples, Jr,, Attorney, Ruder & Staples, 5.C, Carl A. von Ende Ronald A, Westgate, President, Marathon Press Company CORPORATION OFFICERS John E, Forester, Chairman of the Board Clarence Scholtens, President and Chief Executive Officer F. C. Pdacock, Senior Vice President William J. Servotte, Vice President Henry C, Crandall, Vice President, Research & Development Carl A. von Ende, Vice President Bidwell K, Gage, Vice President E. C. Batzer, Secretary R. W. Schmidtke, Treasurer DIVISION OFFICERS Pulp and Paper Division Carl A. von Ende, Vice President, Manufacturing James Kemerting, Vice President, Marketing Douglas Madison, Controller Bay West Paper Company Division B. K. Gage, President , George DeGroot, Controller Calwis Company Division F. C. Peacock, President R. K. Hedge, Vige President & General Mgr. W. R. Ladrow, Controller Converted Products Division James N. Stelow, Vice President & General Mgr. Joseph Lawlor, Vice President, Manufacturing John M. Ryan, Controller Green Bay Plastics Division F. C. Peacock, President Kevin Hogan, Vice President & General Mgr. It is with deep regret that we report the death of Director and tormer Board Chamrman Geonge t, Ruder Mr Ruder, attomey with the law firm of Ruder and Staples, S.C, Wausau, Wisconsin, served as a director ot our organization for more than 45 years, He was elected and served as Chainman ot the Boatd trom 1956 through 1968, Mr, Ruder made many fine contributions to the growth and development of the Mosinee organization, We shall miss him. ¥ REVS a AT nS TO THE SHAREHOLDER CHANGE FISCAL YEAR for many years, Mosinee has operated on a june 1 - May 31 fiscal sear, In the interest of accounting efficiencies and to better enable us to Compare our results to the performance of the rest of the paper industry, this was Ghanged to a calendar fiscal year. Accordingly, this report covers the seven-month adjustment period from june 1, 1970 to December $1, 1970, Our next Annual Report will Cover operations for the calendar year, 1971, SALES AND EARNINGS The seven-month period covered in this report was very unsatis- factory, When a recession occurs, you can be sure the a industry will be affected, Because specialty papers are Closely related to the industral sector of the economy, pulp and Paper Division orders were seriously reduced, In addition, our markets have not beer strong enough to permit the extensive price increases needed to ef- foctively counter reduced demand ‘to Therefore, the recession, a predicted drajn on grotys due to the continued development of our Converted Products Division, and sig- niticant increases in the cost of freight, labor and raw materials have combined to reduce our sales and earnings. ' Sales for the seven-month period amounted to $17,523,950, Earn- ings after income taxes and before extraordinary items were $251,264, equivalent to $.31 per share. After the establishment of a $200,000 reserve for the anticipated write off of discontinued operations and a special credit of $62,577 due to Revenue Agent's changes to prior years’ income, the consolidated net earnings were $113,841, equal to $.14 per share based on the 806,177 shares outstanding at the end of the fiscal period, CORPORATE REORGANIZATION Our previously announced reorganization on a divisional basis has been completed. The Mosinee Paper Corporation now consists of live operating centers, each with individual profit responsibilities. They are the Bay West Paper Company Division, the Calwis Company Division and the Plastics Division, all in Green Bay, Wisconsin; the Pulp and Paper Division at Mosinee and the Converted Products Di- vision at Columbus, Wisconsin. Corporate offices are located at Mosinee. Divisionalization should increase operating efficiency and result in improved budgeting, cost analysis and control. ENVIRONMENTAL REFORM On December 1, 1970, the Mosinee Pulp and Paper Division re- ceived a pollution abatement order from the State of Wisconsin De- partment of Natural Resources (DNR). The order was one of 64 similar orders presented to industry and municipalities located on the Wis- consin River. The DNR is attempting to improve the water quality of the Wisconsin River. The abatement order specifically states that our Pulp and Paper Division must drastically reduce its suspended solid and 8.0.D. (biological oxygen demand) contribution to the River. We must, ac- cording to the State agency, submit a preliminary engineering report for required treatment facilities by August 1, 1971, Sesin construc- tion of the facility by January 1, 1972, and begin operating the treat- ment plant by August 1, 1973. We recognize the importance of improved water quality and have stated our willingness to comply with the DNR orders which are stringent. The cost of attaining the DNR stand- ards by 1973 will be substantial, ‘ The Manufacturing and Research Depart- ments of the pulp a pe operation have al- ready begun a detailed study in preparation for | the necessary modifications required to install ° 4 primary treatment facility, To supplement our engineering talent, we have retained highly competent engineering services with extensive experience in pollution abatement and paper process systems. ; Mosinee’s Pulp and Paper Division is the foundation of our entire corporation, There- fore, the task of bringing its operations back to the level we feel it is capable of is our major concern, We are working very nard to reduce costs and become more competitive in the in- dustrial specialty markets, A stronger emphasis on marketing and an increased product devel- opment effort will, we feel, help us to achieve our full potential as a versatile manufacturer of « industrial specialty papers. Our ability to solve a customer's problem with Value Engineered age is well known in our present markets. he penetration of new markets is our ulti- mate goal. ; ECONOMIC CONDITIONS As this report goes “to press,” industrial or- ders are improving. Our other divisions are also experiencing some improvement in order flow. A reversal of current economic condi- tions will be slow; however, as the recession diminishes, we will be ‘ready to take full ad- vantage of improved product demand. Z JOHN E. FORESTER Chairman of the Board CLARENCE SCHOLTENS President yomestie 116 ed FINANCIAL REPORT FOR THE SEVEN MONTHS ENDED DECEMBER 31, 1970 The sole purpose of this report is to give present stockholders and employees information about the company. This is not a representation, prospectus or circular in respect to any stock of any corporation, and is not transmitted in connection with any sale or offer to sell or buy any stock or security now or hereatter to be issued, or with any preliminary negotiations for such sale. | TP Nr ere RIERA fete cei aT rn RON PLC NG: oer - CONSOLIDATED STATEMENT — OF FINANCIAL CONDITION _ 3 - Decem [Text truncated at 120,000 characters. The full text is on the page linked above.] --- Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/brief%3Amicro_IA40386414_0437%3A1. Public record. Not legal advice.