WHAT IS FLUKER FARMS, INC.?

Fluker Farms, Inc. (hereinafter “the Company”) is a family-owned corporation established in1930 after the death of Richard A. Kent, Sr., the Kent family patriarch. It is a restricted Subchapter S Corporation whose original assets included immovable property (approximately 2,200 acres of real estate, including buildings) located in Fluker, Louisiana and stock shares in Plough Pharmaceuticals.

HISTORY

Since 1930, some of the original 2,200 acres of land have been sold or divided among the Kent Heirs. Today, approximately 800 acres of immovable property remain in the Company. The majority of that land lies in Fluker between the east side of the railroad tracks along Highway 51 and the edge of the Tangipahoa River.

The original shareholders of the Company were the seven (7) natural children of Richard A. Kent, Sr. and Susie F. Kent. Company shares are restricted by the Company Bylaws to be owned by the legal heirs and direct descendants (by birth or formal adoption) of Richard A. Kent, Sr. and Susie F. Kent (“Kent Heirs”). Currently there are nearly seventy (70) shareholders.

The shares of Plough Pharmaceutical stocks have evolved with mergers and acquisitions. At present, the Company owns 3,469 shares of Merck Pharmaceuticals and its subsidiaries. The Board has engaged Armada Investments, Partners of Raymond James, to oversee the Company’s securities portfolio.

BOARD OF DIRECTORS AND SHAREHOLDERS

In accordance with the Articles of Incorporation and the Bylaws, the Company is governed by a Board of Directors (“Board”) consisting of twelve (12) duly elected shareholders. Board members are elected annually by the shareholders at the Company’s annual shareholder meeting. At least one (1) director must be elected from each of the families of the children of R. A. Kent, Sr. and Susie F. Kent.

Spouses of shareholders may not own any shares of the Company. If a shareholder dies and has no legal heirs, his/her shares will be purchased by the Company (in accordance with the Bylaws) unless the deceased shareholder has provided for the disposition of their shares in their formal estate plan.

RECREATIONAL USE OF COMPANY PROPERTY

In 2002, the Board enacted Corporate Property Recreational Use Regulations that govern the Kent Heirs’ privilege (not right) to use the Company’s property. As set forth in the Regulations, all immovable property east of the railroad track is designated as recreation land. It may be used by any of the Kent Heirs in accordance with its terms. Non-family friends are welcome to be on-site, but only when accompanied by a Kent Heir. Importantly, since use of the rural property is inherently dangerous, any access will be at your own risk and each Kent Heir assumes the responsibility for the conduct and actions of their guests and invitees.

The Board has currently agreed to lease part of the Company’s land to be mined for gravel. Per the Lease Agreement, that acreage remains “off limits” to shareholders until the lease terminates in 2025, due to liability and safety concerns. When the gravel mining operation is completed, the Board anticipates that there will be three lakes (8, 17 and 20 acres in size) available for swimming, fishing, and boating.

FLUKER FARMS INFORMATION

Maps of the Property, the Corporate Property Recreational Use Regulations, and historical family-related photographs are available at the Company office and will ultimately be available on the Fluker Farms website. Please contact the Company President, Gwynette Kent Dixon, if you have any questions or concerns. (gwynette.dixon@gmail.com).