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This excerpt taken from the VLG DEF 14A filed Oct 2, 2006. Common
Stock Ownership of Certain Beneficial Owners
The following table sets forth certain information with respect
to each person known to the Company to be the beneficial owner
of more than 5% of the Companys outstanding Common Stock
as of September 19, 2006:
Table of Contents
Since Mr. West holds over 50% of the voting power of the
Company, the Company has determined that it is a
controlled company within the meaning of
Section 801(a) of the AMEX listing standards. Pursuant to
Section 801(a), as a controlled company, the
Company is not required to comply with Sections 802(a), 804
or 805 of the AMEX listing standards relating to independent
directors, Board nominations and executive compensation,
respectively.
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