Wall Family Enterprise "It's About People" & Stewardship

Our companies' affairs are governed by Boards – of predominantly experienced independent executives, who hold themselves and management accountable for the maintenance of high standards in everything we do and the effective service of all our constituencies: customers, coworkers, suppliers and service providers, owners, and the communities in which we operate.

Directors of the Enterprise:

Robert E. Conway – Chair of the Enterprise Board and Director since April 1994, Mr. Conway is and has served as Chief Executive Officer and a Director of Array BioPharma (Nasdaq: ARRY). Prior to joining Array, Mr. Conway was the Chief Operating Officer and Executive Vice President of Hill Top Research, from 1996 to 1999. From 1979 until 1996, Mr. Conway held various executive positions for Corning, Inc. including Corporate Vice President and General Manager of Corning Hazleton, a preclinical contract research organization. Mr. Conway received a B.S. in accounting from Marquette University and an M.B.A from the University of Cincinnati and is a certified public accountant.

Lori J. Cross – Ms. Cross was elected to the Enterprise Board in January 2010 and is the Founder and President of Mindspan Consulting, a firm dedicated to accelerating strategic leadership capabilities of executives and organizations. Since 2007, Ms. Cross has served as an Adjunct Professor at the UW-Madison School of Business specializing in MBA and executive programs in strategy formulation, execution and leadership.

Ms. Cross has over 27 years of experience leading global organizations, including turnarounds, start-ups and high growth entities. Ms. Cross' global experience includes leading operations in UK, Finland, Germany, Sweden, and Iceland but she is pleased to have spent the last 11 years based in Madison, where she has become involved with TEMPO, United Way and HospiceCare.

Richard L. Fisk – Mr. Fisk joined the Board of DEMCO, Inc., an Enterprise owned corporation, in the Spring of 2000. Most recently he was Senior Vice President of the Brady Corporation, Milwaukee, Wisconsin, with which he was associated for 25 years, and also was President of the Brady Direct Marketing Group. Mr. Fisk successfully started direct marketing and fulfillment operations in Canada, Australia, Brazil, Mexico, Japan and a number of locations in Europe, as well as the United States. He has also been Chairman of the Business Direct Group. He received his B.A. from Miami University, Oxford, Ohio, and M.B.A. from Georgia State University. Mr. Fisk served as a 1st Lieutenant in the U.S. Army.

Steve Holdeman – A Director and Chairman of the Compensation Committee since 1990. Mr. Holdeman is President and owner of State Line Foundries, Inc., Rockford, Illinois, a producer of gray and ductile iron castings. From 1984 to 1995 he was Executive Vice President of Anderson Industries. Former affiliations include: Director of Corporate Development of The Terson Company and Audit Manager at Price Waterhouse. Mr. Holdeman received his M.B.A. from the University of Chicago.

Jim James – Mr. James joined the Board of Directors in February 2011. Jim is the CEO and Vice Chairman of the Board at IDEAL INDUSTRIES, INC. He has 28 years of manufacturing experience across a broad range of industries including metal fabrication, aerospace, chemical adhesives, and building components. Prior to IDEAL, he spent 16 years with Illinois Tool Works (ITW) where he held many positions, ultimately acquiring the position of Group President.

Jim received an MBA from Georgia State University and holds a Bachelor of Science degree in Industrial Technology (Manufacturing Engineering) from University of Wisconsin – Stout. He currently sits on the Board of Directors for Junior Achievement – Chicago.

Louise McDonald – Ms. McDonald joined the Board of Directors in October 2010. Louise is currently the Executive Vice President of International Business for Welch Allyn, Inc. a privately held firm which develops, manufactures and markets medical devices and solutions for Healthcare Professionals and Hospitals.

Having joined Welch Allyn in 1980, Ms. McDonald has held a number of successive management positions including General Manager, Canada; Business Development, Latin America; Global Services & Solutions and Business Leader of the Strategic Business Units of women's health, thermometry and core blood pressure.

Ms. McDonald holds a Diploma in Biology from Loyola College; a BS in Agriculture & Animal Science from McGill and an MBA in General Management from The Simon Business School, University of Rochester.

Donald J. Rogers – CFO, Secretary and Treasurer of the Wall Family Enterprise, having joined DEMCO in 1998 as corporate Secretary, Treasurer and Vice President of Finance. Prior to his current service, Mr. Rogers spent ten years in various accounting and financial capacities at Holberg Industries, Inc., most recently as Chief Financial Officer of AmeriServe, a multi-billion dollar distributor to the fast-food industry. He previously held financial positions at Dun & Bradstreet Corporation and Metropolitan Life Insurance Company. Mr. Rogers received his B.S. in finance from the Wharton School of the University of Pennsylvania and an M.B.A. from the Graduate School of Business, University of California, Los Angeles.

William N. Stroner – Mr. Stroner ("Bill") is a Director and Chief Executive Officer of the Enterprise, having joined DEMCO, Inc. as President and Chief Executive Officer in July 2001. Previously Mr. Stroner was Vice President of Operations of the Lab Safety Supply Company of Janesville, Wisconsin, a division of W.W. Grainger Company, Chicago, Illinois. Mr. Stroner holds an M.B.A. from Loyola University of Chicago, and a Bachelors of Business degree in accounting from Western Illinois University. He currently serves as Director on the Board of the Madison Literacy Network, and is an advisor to a local Madison WI Family Business.

Patrick S. Wall – Mr. Wall, a second generation owner, was elected to the Board in April 2005 in anticipation of Chairman Wall's ultimate retirement. He has actively served as one of three family members of the Directors' and Owners' Business Advisory Committee for 17 years. Mr. Wall is President and sole owner of A-R Editions, Inc., a 45-year-old music publishing company in Middleton, Wisconsin, recognized leader in the publication of historical music and specialized music typesetting for college and K-12 textbook publishers and academic journals. Having joined A-R in 1996 as President, he acquired ownership in 2001. In 1998 he organized and helped raise funds to launch MusicNotes.com, that today is the world's largest Internet distributor of contemporary sheet music where he served as Chief Financial Officer and Treasurer through 2002. From 1983 to 1996 he was employed at DEMCO, Inc. in a succession of increasingly responsible management positions including Market Research Analyst, Merchandising Manager, Director of Marketing, and from 1989 to 1995, as Vice President of Marketing. Mr. Wall holds an M.B.A. and a B.S. degree in management, marketing, and finance, from the University of Wisconsin, Madison. He currently serves on the board of the Madison Early Music Festival, and previously served in the United Way of Dane County campaign cabinet and as Chairman of its Key Club. He is presently actively involved with the National Music Librarian's Association.

Terrence R. Wall – Mr. Wall, a second generation owner, was elected to the Enterprise Board in October 2009. Mr. Wall is founder and President of T. Wall Properties located in Madison, Wisconsin. Mr. Wall has over twenty-six years of experience in the real estate industry, receiving his Bachelor of Arts degree in Economics in 1987 and Masters of Science degree in Real Estate Appraisal and Investment Analysis in 1989 from the University of Wisconsin, Madison. Wall is an Eagle Scout and currently serves on the Board of Glacier's Edge Council of Boy Scouts of America, as well as the Board of Trustees for the UW Center for Real Estate. He previously served on the Mayor's Advisory Board, the Board of the Building Owners & Managers Association of Wisconsin, Inc., and served as the County Executive's Appointee to Dane County Community Development Block Grant Commission.

Mary Wall Yeager – a second generation owner together with nine brothers and sisters, has been re-elected to the Board of Directors of Wall Family Enterprise October 1, 2010. Prior to joining the boards, Mary worked with her father (Chairman Emeritus) and two of her siblings as an elected family representative to the WFE businesses, as a leader in stewardship and governance, for over 10 years. Mary currently serves on the Governance Committee and previously chaired the Compensation Committee.

As a professional in Human Resources, Mary served as Human Resources Director for Daybreak Foods, Inc., a multi-state food products company until 2004. She served as Corporate Compensation Manager for CUNA Mutual Insurance Company, a $1B global financial services firm, from 1988-1997.

Mary received an Executive MBA from the Kellogg Graduate School of Business at Northwestern University in Evanston, Illinois in 1988. She is a committed advocate of family businesses and has been an active member of Loyola Family Business Center since its inception, where she currently serves as a Director on the Loyola Family Business Center Board in Chicago, Illinois. Mary also serves as a Director of the St. Mary’s Hospital Foundation in Madison, Wisconsin and is an active member in the University of Wisconsin-Family Business Center.

William T. Young – A Director since 1996, Mr. Young currently is Chairman of the Board's Governance Committee. Prior to his retirement, he served as managing Partner of Industry Practices of Wipfli LLP. He was Founder and Managing Partner of Williams Young LLC of Madison, WI from his formation of the partnership in 1975 until he arranged its merger with Wipfli in November 2003. He is a Director of Mortenson, Matzelle, and Meldrum of Madison and founder and co-chair of The Global Alliance, an international association of accounting firms. He was also recently re-elected to the Board of Directors of the United Way of Dane County, and serves on the organization's Executive Committee and Chair of its Personnel Committee.

John E. Wall – Associated with the Wall Family Enterprise Ltd. since he joined its DEMCO, Inc. subsidiary in May 1968, as President, Chairman Emeritus Wall was controlling owner from October 1978, until December 2006. Mr. Wall served as Director of the M & I Bank of Madison for 20 years, and of the C & H Packaging Corporation of Merrill, Wisconsin, the American Plastics Company of Rhinelander, Wisconsin, Conney Safety Products Company, Latitude Corporation and the Douglas Stewart Co., all of Madison. He also served as Campaign Chairman and Chairman of the Board of the United Way of Dane County, and as Chairman of the 500 member Rotary Club of (Downtown) Madison, the Madison Rotary Foundation, and the National Business Direct (Mailers) Group, which he continued to serve as a Director until 2008. In the Spring of 2008 he completed thirty-five years of winter rescue and first aid service to the public with the National Ski Patrol. He graduated with honors in Philosophy from Xavier University, Cincinnati, Ohio, and served as a Combat Air Crewman in Navy dive-bombing squadron VB97 during World War II.