Biloxi Marsh Lands Corporation, founded in 1936, owns approximately 90,000 acres of marsh lands located in St. Bernard Parish, LA. As a landowner, it derives the vast majority of its revenue from oil and gas exploration and production activities that take place on or near the Company’s land. The Company also derives minimal revenues from surface rentals.
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Common Stock par value: $.001 per share
Number of outstanding shares: 2,505,028
Interim Unaudited Earnings Release Dates:
1st Quarter: May 24, 2019
2nd Quarter: August 7, 2019
3rd Quarter: October 30, 2019
4th Quarter: March 10, 2020
The Company’s common stock is not registered with the Securities and Exchange Commission and the Company does not file reports with the Commission. The Company’s common stock is not traded on any national securities exchange nor is it quoted on NASDAQ. Therefore, the Company is not subject to the disclosure requirements or corporate governance requirements normally applicable to companies with publicly traded securities.
The Company’s shares are quoted on the Pink Sheets® and traded under the symbol “BLMC” in the over-the-counter (OTC) market. Pink sheets® is neither a securities exchange nor a broker-dealer. It is an electronic quotation and information service provided to registered broker-dealers to facilitate transactions in OTC securities.
An investment in the Company’s common stock is speculative and involves a high degree of risk. Our common stock is thinly traded and the market for it is illiquid, which tends to create price volatility. It may, therefore, be difficult to buy or sell our common stock without dramatically affecting the stock price, or buy or sell our common stock at all.
Biloxi Marsh Lands Corporation
Officers and Directors 2019
William B. Rudolf – President, Chairman & CEO – Biloxi Marsh Lands Corporation
59, a director of the company since 1991, has been President since March of 1995. He became Chief Executive Officer in March of 2001 and General Manager in September of 2002. Immediately prior to becoming General Manager, he served as Vice President of a regional inland marine transportation company from September of 1997 to September of 2002. During his tenure in the marine transportation industry he was a member of the Board of Director of the American Waterways Operators (AWO) and the Louisiana Association of Waterways Operators and Shipbuilders. He is a director of Lake Eugenie Land & Development, Inc. He serves on the board of managers of St. Tammany Land Co., LLC, Biloxi Marsh Lands 1 Royalty, LLC, Lake Eugenie, LLC and 50196, LLC. Mr. Rudolf is also General Manager of B & L Exploration, LLC a subsidiary of Biloxi Marsh Lands Corporation engaged in business of exploring for oil and gas primarily within the coastal zone of Louisiana. He is also a member of the board of directors of the Louisiana Land Owner’s Association, the St. Tammany Parish Business Council and member of the Governor’s Advisory Commission on Coastal Restoration and Flood Protection. He served on Governor Jindal’s Transition Team.
Charlton B. Ogden, III – Secretary
63, a director since 1989, and has been Secretary and General Counsel of the company since March of 1995. Presently he is a Managing Member of the law firm of Taggart Morton, LLC with offices in New Orleans and Covington, Louisiana. Additionally, he serves on the Board of Directors of Lake Eugenie Land & Development, Inc. and on the Board of Managers of Biloxi Marsh Lands 1 Royalty, LLC, Lake Eugenie, LLC and 50196, LLC. In his law practice, he is a member of the Louisiana State Bar Association, where he is a section member in litigation, real property and probate and trust, the Federal Claims Bar Association, the New Orleans and the 22nd JDC Bar Associations. He is also a member of the Louisiana Association of Defense Counsel, the Louisiana Claims Association and the Defense Research Institute.
Karl D. Zollinger
69, elected director in 2008, Mr. Zollinger currently serves as a principal in several companies that provide consulting services in the areas of business development, debt placement, and federal and state tax incentive programs. After a 30 year career in the banking industry with the last 12 years of service at Whitney National Bank, Mr. Zollinger retired in 2005. During his tenure with the Whitney National Bank Mr. Zollinger held various management positions in commercial lending and business banking. He is a director of Lake Eugenie Land & Development, Inc. and Terre Aux Boeufs Lands Company, Inc. He also serves on the Board of Managers of Biloxi Marsh Lands 1 Royalty, LLC, Lake Eugenie, LLC and 50196, LLC. He is formerly on the Board of Directors for St. Tammany Economic Development Foundation, Volunteers Of America National Housing Corporation, West St. Tammany Habitat for Humanity (Treasurer), Louisiana Children’s Museum, St. Tammany Association of Retarded Citizens (STARC), St. Tammany Leadership Foundation, Northshore Housing Initiative, Inc. and the New Orleans Regional Leadership Institute.
Jack V. Foster
79, has served as a director since 2002. Currently, he is president of Polchow & Foster, Inc., an investment management company; managing member of WavePharma, L.L.C.; and a director of PhotoBioMed, Inc. Mr. Foster is an investor in real estate, oil and gas, and venture capital projects. From 1992 to 2003, he was managing member of Petro-Russo L.C., a company engaged in oil and gas development in Russia. He is a Tulane Law School graduate, a former tax manager with Arthur Andersen & Co., and a former co-trustee of LaTerre Co., a large South Louisiana land owner.
L. Andrew Fleck
59, elected Director in 2010, Mr. Fleck is currently Vice President, Real Estate for Contran Corporation. He received his BS in Petroleum Land Management from the University of Texas in 1982 and started with Contran in 1983. He worked as a landman with Contran’s oil and gas exploration entity in Denver, Colorado for seven years. He now manages the real estate and oil and gas properties of Contran and its subsidiaries in Dallas, Texas. Mr. Fleck co-founded a fundraising event for Texas Scottish Rite Hospital for Children which has raised over $7 million since 1995. He is a director of Lake Eugenie Land & Development, Inc. He serves on the Board of Managers of Biloxi Marsh Lands 1 Royalty, LLC, Lake Eugenie, LLC and 50196, LLC.
Michael J. Rapier – Treasurer
83, a director of the company since 1997 and in 2008 was elected Treasurer. Mr. Rapier is formerly the President & C.E.O. of the National Bank of Commerce in Jefferson Parish, which was sold to Whitney National Bank in 1985. He is the owner of Michael J. Rapier Investments, a personal holding company. He is President of S.C. Minerals, Inc., Day Minerals, Inc. and is a director and member of the Executive Committee of Fidelity Bank. He was formerly a Trustee and Chairman of the Finance Committee of the Ochsner Clinic Foundation. Additionally, he serves on the Board of Directors of Lake Eugenie Land & Development, Inc. and on the Board of Managers of Biloxi Marsh Lands 1 Royalty, LLC, Lake Eugenie, LLC and 50196, LLC
John F. (Jeff) Bernard
66, a director of the company since 2003, has worked in the local banking industry for nearly 40 years. He serves as the President of Lake Eugenie Land and Development, Inc. He also serves on the Board of Managers of Biloxi Marsh Lands 1 Royalty, LLC, Lake Eugenie, LLC, and 50196, LLC. In 2008, he was elected to the Mandeville City Council and served until 2012. Currently, he is Chairman of the Mandeville Historic Preservation District Commission.
Sidney C. Sundbery
74, a director of the Company since 1996, is a practicing attorney with the law firm of Duval, Funderburk, Sundbery, Lovell & Watkins, PLC in Houma, Louisiana. He is a director of Lake Eugenie Land & Development, Inc. He serves on the Board of Managers of Biloxi Marsh Lands 1 Royalty, LLC, Lake Eugenie, LLC and 50196, LLC. He serves on the Board of Directors of South Louisiana Bank, South Louisiana Financial Corporation and The Intracoastal Company. He is a former member and past chairman of the Board of Directors of the Houma-Terrebonne Chamber of Commerce and former member of its Executive Committee. He is a former Director and past President of Terre Carnival Club and Ellendale Country Club. He is a former Director of Catholic Foundation of South Louisiana. He is a U.S. Army veteran including service as a military policeman in Viet Nam.
E. James Kock III – Vice President
61, a director of the company since 2008, is a private investor and manager of family investments. From 1981 to 1994, he served as Vice President of the following land companies, Bowie Lumber Associates, Jeanerette Lumber and Shingle, Co. L.L.C., and White Castle Lumber and Shingle, Co. Ltd. He now serves on the Boards of these companies. He is a graduate of both the University of Virginia and Tulane University A.B. Freeman School of Business.