Marrs Offers Incentive Plan
by January 17, 2005 12:00 am 77 views
Gene Marrs, CEO of Marrs Electric Inc. in Tulsa and Arkansas, is offering a stellar incentive to his employees.
The company is now in the second phase of an employee stock ownership plan. When the five-year initiative is complete in November 2007, employees will own 30 percent of the company.
The first block of Marrs stock was sold in November 2002, but financial details were not available.
Make Twin Peaks?
Those who noticed the $9.7 million land purchase on our Biggest Deals of 2004 list on Page 25 might be interested to know that Brandon Barber is the managing member of Noonan LLC. Barber is teaming up with Collins and Hunter Haynes of Haynes Limited on the 33 acres purchased from the original 158-acre Peaks development. First Federal Bank of Arkansas financed the buy.
Collins Haynes is an original partner in The Peaks, along with Gary Combs, John Ed Chambers, John David Lindsey, Neil Johnson and Gerald Johnston.