PFCOPrincipal Fire Control Officer
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The Board of Directors has determined that the purpose of the upcoming 2011 meeting of the PFCO stockholders will be to approve a final Plan of Liquidation and Dissolution to be filed with the State of Delaware where the Company is domiciled.
The transaction is subject to PFCO shareholder approval.
In fact, many companies substantially larger than PFCO have reached similar conclusions.
Jeff Snider, Chairman and Chief Executive Officer of PFCO, commented, "We are excited to be entering the wholesale life brokerage business and are pleased that Larry Long, CPS Sacramento's owner, has accepted the position of President of Pan American's newly established Wholesale Life Brokerage Division.