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Executive Summary

President Fred Lyons Jr. to chief exec officer. Move "completes the transition started several years ago when Mr. Lyons began to assume more and more of the company's CEO responsibility," Chairman Ewing Kauffman noted. "The transition is now complete and it is appropriate that Mr. Lyons have not only the responsibility, but the title as well." Kauffman remains chairman, exec cmte. chairman and chairman of the firm's profit sharing trust.

President Fred Lyons Jr. to chief exec officer. Move "completes the transition started several years ago when Mr. Lyons began to assume more and more of the company's CEO responsibility," Chairman Ewing Kauffman noted. "The transition is now complete and it is appropriate that Mr. Lyons have not only the responsibility, but the title as well." Kauffman remains chairman, exec cmte. chairman and chairman of the firm's profit sharing trust.

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