The Marcus Corporation ( MCS) Shareholder Analyst Call October 11, 2011 11:00 ET Executives Steve Marcus – Chairman Tom Kissinger – Vice President, General Counsel and Secretary Greg Marcus – President and Chief Executive Officer Bud Selig – Commissioner, Major League Baseball Bruce Olson – Senior Vice President, Marcus Corporation and President, Marcus Theatres Bill Otto – President, Marcus Hotels and Resorts Doug Neis – Chief Financial Officer and Treasurer Presentation Steve Marcus – Chairman
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As you will hear later, our outstanding management team has done an excellent job of guiding us through the challenges and the opportunities of the past year while at the same time positioning us for the future. That now brings us to the business portions of the meeting. All shareholders present should have submitted their proxies prior to entering the meeting. If there are any shareholders present who have not yet voted or who have previously submitted a proxy and not want to revoke the proxy, please go to the registration desk where you may either vote and/or revoke your proxy.I’ll now call on Tom Kissinger to report on the mailing of meeting notices, the presence of a quorum and other necessary legalities. Tom Kissinger – Vice President, General Counsel and Secretary Notices of this Annual Meeting together with proxy statements, proxy cards and annual report were mailed on September 2, 2011 to all holders of record of our common and class B common shares as of August 5, 2011. Based on proxies we see prior to the meeting, a quorum is present for all purposes at this meeting and is represented by 90.6% of the common shares and 99.5% of the class B common shares for combined total of 97.8% of all eligible votes. Before we move ahead Steve, I’d like to also remind our shareholders and guests that as we share information with you today, we will be talking about our plans and expectations for the future. The Securities and Exchange Commission defines these plans as forward-looking statements that means I am obligated to inform you that our actual results could differ materially from those projected and then additional information about our plans as well as factors, risks, and other uncertainties which may impact our expectations, future results of operations, or financial conditions are included in the Risk Factors section of our 10-K and 10-Q filings. Back to you, Steve.
Steve Marcus – ChairmanThank you very much, Tom. We have five items on the agenda today. First is the election of our Board of Directors. I’d like to introduce the Board to you now. And I will ask the board members to spend during their introduction. They are Greg Marcus, our President and Chief Executive Officer. Diane Marcus Gershowitz, an Investor and Real Estate Manager who lives in Chicago, and as many of you know, Diana is my sister and that she serves also on the Finance Committee and gives me a lot of valuable advice as we go along. Jack McKeithan Jr., Chairman and Chief Executive Officer of Tamarack Petroleum Company; Jack serves the Audit Committee. He also serves on the Compensation Committee. Bud Selig, Commissioner of Major League Baseball; Bud serves on the Corporate Governance and Nominating Committee as well as the Finance Committee and I think Bud has not yet arrived, but I am sure will be here soon. Tim Hoeksema, retired Chairman, President and CEO of Midwest Air Group Incorporated. Tim chairs the Compensation Committee and also serves on the Corporate Governance and Nominating Committee. Philip Milstein, Principal of Ogden CAP Properties, LLC in New York City. Phil serves on three committees, the Audit Committee, the Compensation Committee, and the Finance Committee. Bronson Haase, retired President of Pabst Farms Equity Ventures. Bronson chairs our Corporate Governance and Nominating Committee and also serves on the Compensation Committee. Jim Ericson retired Chairman, President and CEO of Northwestern Mutual Life Insurance Company. Jim serves on two committees Audit and Finance. Bruce Olson, Senior Vice President of the Marcus Corporation and President of Marcus Theatres. And I am the final Board nominee. I’d like to take this opportunity to thank our board for the valuable insight that they provide to me and to our management team throughout the year. And everything that they do, our board is committed to representing you our shareholders through high standards and good corporate governance. As a part of those high standards are audit, compensation, and corporate governance and nominating committees are comprised entirely of outside directors. Read the rest of this transcript for free on seekingalpha.com