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PaddleWheel Productions, Inc. Prospectus
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orchestra and served as accompanist for vocal and instrumental performers. While a graduate student, she was the winner of the Auburn University Symphony Concerto competition. She has been a senior officer and co-owner for an independent oil company and has experience in records management, public records research, and right-of-way contract negotiations for oil companies. Mrs. Hood has a bachelor of arts in theatre, a bachelor of music in piano performance, and has completed all course work toward a master of arts in music history.
In addition to semi-annual internal auditing performed by the Chief Financial Officer and selected advisors, an annual independent audit will be performed by an external certified public accountant.
Shareholders will not be permitted to participate in the day to day management of the business.
Voting rights at annual stockholders meetings are on the basis of one share, one vote. Maximum stock offerings will always allow the incorporators to retain a minimum of fifty-one (51%) percent of the common stock. Shareholders are encouraged to give their suggestions in writing for use in quarterly board meetings. The initial Board will consist of 5 members —the three Incorporators and two at large members. The two at large members will be chosen initially from investors by the current Board of Directors.. After the first year of operation, the two at large Board members will be selected by the shareholders at the annual stockholders meeting.
WHO SHOULD INVEST
Investors should have adequate means of support for current needs and personal contingencies and no need for liquidity in the investment units.
Since PaddleWheel Productions, Inc. is a new business and no predictions or assurances can be made for its success, only those persons who can afford to wait for a return on their money or, in the worst case scenario, lose their investment, should invest in the company. In the best case scenario, however, annual dividends, as declared in the sole discretion of the Board of Directors, may begin in 24 months.