MANAGEMENT OF KEY
The following table sets forth the names and ages of each of the executive
officers of Key and includes the positions each officer currently holds as well
as positions held for the past five years.
Name Age Positions
Francis D. John 42 President and Chief Executive Officer since September 1989
and Chief Financial Officer of Key since June 1988; Co-
Chairman of the Board of Directors of Key since March
1994; Chairman of the Board of Directors of Yale E. Key
from March 1990 to February 1995 and currently a Director
and Executive Vice President of Yale E. Key, Odessa
Exploration and Clint Hurt. Director of Aerosonics Corp.,a
company which produces components for aircraft.
C. Ron Laidley 50 President and Chief Executive Officer of Yale E. Key since
March 1995. Vice President of Yale E. Key from 1982 until
D. Kirk Edwards 36 Vice President of Key since July 1993, President and Chief
Executive Officer of Odessa Exploration since July 1993.
Owner and President of Odessa Exploration Inc. from 1986
to July 1993. Director of Key since July 1993.
Danny R. Evatt 37 Chief Accounting Officer and Treasurer of Key since July
1990; Treasurer, Secretary and Chief Financial Officer of
Yale E. Key since 1983. Director of Yale E. Key since 1992.
Each officer of Key holds office until the first meeting of the Board
of Directors following the annual meeting of stockholders and until his
successor has been duly elected and qualified, or until he has resigned or been
removed as provided by the Key By-Laws. No family relationship exists between
any of the above listed executive officers or between any such executive officer
and any director of Key.
Subsequent to consummation of the Merger, the management of Key is
expected to consist of the officers named above, and the following individuals
who are currently executive employees of WellTech: