LEADING EDGE

Second Generation Shareholders
By: Keith Wayne, President/CEO
As the company approaches its 30th anniversary, the company’s current shareholders Bobby Phillips,
John Ashworth, Chad Hensley and Keith Wayne are excited to welcome Isaiah Wayne and Daniel
Wayne as new shareholders of Wayne Brothers, Inc.
As with any privately held company which proves itself capable of growing into a substantial business
operation, Wayne Brothers founding principles are faced with the challenge of approaching an age
when they must consider when and how they wish to leave their life’s work to a younger generation. In
our case we have been underway with the ownership transition planning for years through the careful
selection of key executives being offered the opportunity to become equity owners through their purchase
of stock in the business.
The time has arrived for the second generation of family members, who like the other shareholders
have been trained to understand the full range of construction skills required in order to be successful,
to come on board as equity owners of the business over the next several years. Ultimately it is planned
that Keith’s two sons would own the majority interests of the company at or before his full retirement.
With this transaction, Isaiah and Daniel are beginning this journey to a majority interest in the company
by a planned purchasing of Keith’s Shares over the coming years.
Keith expects to remain as President for some time yet and has not completed his role as the leader of
WBI just yet. He is particularly gratified in seeing his two sons take this important step in their business
career and is excited to be working with the Executive Team in crafting our next five year strategic plan
over the course of the next few months.
Isaiah currently serves on the Executive Committee and has also been a member of the Board of Directors
for the company since 2007. Isaiah will continue to serve as one of three Project Executives and
will focus his corporate management skills on the Workforce Development area of the business.
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