EXHIBIT 99.1
SHAREHOLDERS AGREEMENT
This Shareholders Agreement ("Agreement") dated this 26th day of March,
2003, is by and between Xxxxx X. Xxxxxxx, Xx., G. Xxxxxxx Xxxxxxx, Xxxxxx X.
Xxxxxxx, Xxx Xxxxxxx Gui, Xxxxxxx Xxxxxxx XxXxxxxxx, Xxxxxx X. Xxxxxxx, and
Xxxxxx X. Xxxxxxx.
WHEREAS, Xxxxx X. Xxxxxxx, Xx., G. Xxxxxxx Xxxxxxx, Xxxxxx X. Xxxxxxx, Xxx
Xxxxxxx Gui, Xxxxxxx Xxxxxxx XxXxxxxxx, Xxxxxx X. Xxxxxxx, and Xxxxxx X. Xxxxxxx
did receive, as a distribution from Laitram Group, Inc., shares of capital stock
of Input/Output, Inc.;
WHEREAS, the parties hereto wish to restrict the ability of each to sell
the Input/Output, Inc. shares received as a distribution from Laitram Group,
Inc.;
NOW, THEREFORE, the parties do hereby agree as follows:
1. The parties hereto have received Input/Output, Inc. stock as a
distribution from Laitram Group, Inc. as follows:
Shareholder # Shares
----------- --------
Xxxxx X. Xxxxxxx, Xx. 240,258
G. Xxxxxxx Xxxxxxx 73,894
Xxxxxx X. Xxxxxxx 107,142
Xxx Xxxxxxx Gui 85,906
Xxxxxxx Xxxxxxx XxXxxxxxx 101,362
Xxxxxx X. Xxxxxxx 101,362
Xxxxxx X. Xxxxxxx 101,476
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TOTAL 811,400
2. Each party to this Agreement agrees that he/she shall not sell, dispose
or transfer the Input/Output, Inc. shares received as a distribution from
Laitram Group, Inc. without the written consent of the majority vote of the
parties hereto, which vote shall be in accordance with the percentages set
forth in paragraph 3, below. The vote of the party desiring to sell,
dispose, or transfer any of his/her
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Input/Output, Inc. shares shall be counted in determining whether the
majority have approved of such sale, disposition or transfer.
3. Each party shall have a vote in accordance with the following
percentages:
Shareholder % Vote
----------- ------
Xxxxx X. Xxxxxxx, Xx. 29.61%
G. Xxxxxxx Xxxxxxx 9.11%
Xxxxxx X. Xxxxxxx 13.20%
Xxx Xxxxxxx Gui 10.59%
Xxxxxxx Xxxxxxx XxXxxxxxx 12.49%
Xxxxxx X. Xxxxxxx 12.49%
Xxxxxx X. Xxxxxxx 12.51%
------
TOTAL 100%
4. This Agreement shall terminate on March 25, 2006.
/s/ Xxxxx X. Xxxxxxx, Xx.
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XXXXX X. XXXXXXX, XX.
/s/ G. Xxxxxxx Xxxxxxx
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G. XXXXXXX XXXXXXX
/s/ Xxxxxx X. Xxxxxxx
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XXXXXX X. XXXXXXX
/s/ Xxx Xxxxxxx Gui
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XXX XXXXXXX GUI
/s/ Xxxxxxx Xxxxxxx XxXxxxxxx
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XXXXXXX XXXXXXX XxXXXXXXX
/s/ Xxxxxx X. Xxxxxxx
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XXXXXX X. XXXXXXX
/s/ Xxxxxx X. Xxxxxxx
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XXXXXX X. XXXXXXX
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