EFTA02593999.pdf

From: jeffrey E. <[email protected]> Sent: Tuesday, November 11, 2014 1:35 PM To: Richard Joslin Cc: Eileen Alexanderson; lawrence delson Subject: Re: providing percentage numbers for IT tells me NOTHING=It; how much ?? same with 401 k. dollars only , th=s is reallh silly On Tue, Nov 11, 2014 at 8:30 AM, Richard Joslin <mailto » wrote: Additional specificity: Loser positions — AFP Imaging and Magnetek can be sold. =AO There may be virtually worthless security held in LOB 2011 [Starter Corp.] that might be sold to claim tax loss this=year Dartmouth contribution— sending checks for Leon to sign today<Apan> From: Richard Joslin Sent: Tuesday, November 11, 2014 8:25 AM To: jeffrey E.; Eileen Alexanderson; lawrence delson Subject: RE: LRN shares (K 12 Inc). RD and I contacted transfer agent and now RD is w=rking with KUE outside counsel to get shares quantities confirmed and re-i=sued if necessary. The transfer agent records do not match the amount we s=ould have received (nor is the name on file the holder of record (LBF Holdings)) and transfer=agent has not received insruction to deliver to broker. Once we get =uantity and other transfer agent issues cleared up, we will mpve to broker=and sell. RD is contacting outside counsel again today for follow up I rec'd the last of 3 IT outsource proposals yesterday. Second=meetings with all concluded last week and EA/ LD included in second meetin=. I will summarize differences and take one firm out of running (cos= 3x). Plan was to discuss internally today/ tomorrow for final selection. Cost — 10% cheaper than current=provider with same/ improved coverage. Foundation has been funded with appreciated stocks and these positions h=ve been liquidated. There are 1648 shares of United Rentals that are=restricted. RD is sending paperwork to LDB to sign today to clean these sh=res up. Once the paperwork is provided to broker and they release the restriction (move the shares to=type 2 account) then transfer to Foundation will begin. There are a =ouple of loss positions worth < $3K that need to be sold. RD is to prov=de shares and ticker to EA today so that clearance/ compliance apporval can begin. I'd like to have the a=counting EFTA_R1_01777663 EFTA02593999 group be invilved in this to gain familiarity with the Apollo com=liance process. There is a worthless position that JPM will purchase for $1 to take off their books (Scienta is the name of the company - no longer on pink sheets or OTC BB) RD has pap=rwork for this for LOB to sign today. 401k - call with specialist yesterday with EA/RJ. To not hav= Julie be part of 401k, the thought is to begin plan Dec 1. Compensa=ion would be one month and any employer contribution would be minimal give= any contribution would be for rank and file on one month comp. Given that highly compensated is de=fined by prior year compensation, 111 and RD are not highly comped in 2013 a=d will help cure any low participation by rank and file for 2014 plan year= (Plan year is calender year) Top heavy rules should not be applicable given that FU and EA are only key employees=and AC/RD are not, ie the key employee contributions will not exceed 60% o= total plan contributions a/o 12/31/2014. For 2015, the =01k specialist is running numbers based on our census to see if we will have any issue either on the discrimination rules=or the top heavy rules. Specialist indicated that matching can be ma=e only for non-highly compensated and not fr highly compensation, For 2015= HG will not be highly compensated apparently as her stub comp is less than $115K. The more non-highly comped that=participate, the better. 401k specialist is running some scenarios a=d costs under different matiching scenarios and will revert tomorrow (Tues=ay is Ambrose holiday) Art list has been provided to LOB. Gating question is what is cost=benefit of retaining more than 2x collateral - step up benefit of art reta=ned in estate vs lesser value of art partnership leaving an unpaid note in=hands of AP01(with a zero basis), ie capital gain by trust at death. This was the gist =f the meeting with LDB /HG/RJ late Oct. HG has confirmed we can expa=d colateral list to 200+ names and go down the value scale to $200K per it=m. LOB OK with this. This was discussed in FO team meeting two weeks ago. From: jeffrey E. <[email protected] anailto:jeevacati=n@gmaiLcom» Sent: Tuesday, November 11, 2014 5:31 AM To: Eileen Alexanderson; lawrence delson; Richard Joslin Subject: please tell me where we are , withrspecificity. KU shares. 401 k, IT cont=act. foundation sales and contributions of stock. , TIMBER ? list of=art to be contributed to partnership. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited 2 EFTA_R1_01777664 EFTA02594000  and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 3 EFTA_R1_01777665 EFTA02594001