Brass Eagle Plans to Sell Stock to Employees

The shareholders of Brass Eagle Inc. of Bentonville will meet May 22 to approve the re-election of the company’s six directors and to allow employees to purchase 30,000 shares of stock at 85 percent of market value.

The meeting will be held at 9 a.m. at the Candlewood Suites, 4601 W. Rozell St. in Rogers.

Brass Eagle manufactures paintball guns, which the company refers to as “markers,” and other products for “extreme sports.”

The six board nominees include four directors who have been with the company since its 1997 inception : Marvin W. Griffin, 63, chairman of the board; E. Lynn Scott, 48, president and CEO; Anthony J. Dowd, 42, a director; and H. Gregory Wold, 67, a director. Robert P. Sarrazin, 31, who was appointed a director on Feb. 13, 2001, and C. Miles Schmidt, 60, who was appointed a director on March 5, 2001, are also nominees.

The stock purchase plan would be implemented in three offering periods, each with a maximum duration of 12 months, with purchases occurring at the end of each interval. The initial offering period would begin on June 1 and will end on Dec. 31, with the first purchase date to be Dec. 31.