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From the Fleet Society Archives — June 5, 1964

Here is an interesting and rare item from our archives. It is a Real Eight Company stock certificate for 100 shares issued to Louis J. Ullian on June 5, 1964. We surmise that this stock certificate was issued as a result of the Real Eight Company taking on two new members, Bob Johnson and John Jones, and restructuring their company in May 1964.  

When the company was formed in 1961 there were 1,000 shares issued to the original members (Kip Wagner 145 shares, Kip Kelso 145 shares, Dan Thompson 120 shares, Henry Cannon 120 shares, Del Long 120 shares, Lou Ullian 120 shares, Erv Taylor 120 shares and Libe Futch 110 shares). In 1963 the company took on another member, Rex Stocker, who received 40 shares (each original member contributed 5 shares each to arrive at the 40 share figure). In late 1962 Libe Futch sold his shares to Kip Wagner. In turn, Kip Wagner sold the shares he had purchased from Libe Futch to a banker named C. Robert Brown, President of the First National Bank of Melbourne.

A few months later Erv Taylor decided to relinquish his shares and Kip Wagner and C. Robert Brown acquired his shares. Then in May 1964, Bob Johnson and John Jones joined the group. After that, the 1,000 company shares were divided as follows pursuant to a Stockholders Agreement on May 28, 1964: Kip Wagner 175 shares, Kip Kelso 100 shares, Dan Thompson 115 shares, Harry Cannon 115 shares, Lou Ullian 100 shares, Del Long 100 shares, Bob Johnson 85 shares, John Jones 85 shares, and Rex Stocker 40 shares. C. Robert Brown died in December 1964. His shares were controlled by his estate.

The stock certificate issued to Louis J. Ullian on June 5, 1964, represented the shares he received pursuant to the Shareholders Agreement of May 28, 1964.

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