SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[X ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Materials Pursuant to ss 240.14a-11(c) or ss 240.14a-12
QUESTAR FUNDS, INC.
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Name of Registrant as Specified In Its Charter
N/A
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Name of Person(s) Filing Proxy Statement if other than the Registrant
[X ] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11
1) Title of each class of securities to which transaction applies:
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (Set forth the
amount on which the filing fee is calculated and state how it
was determined):
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4) Proposed maximum aggregate value of transaction:
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<PAGE>
5) Total fee paid:
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[ ] Fee paid previously with preliminary materials:
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which such
offsetting fee was paid previously. Identify the previous filing by
registration statement number, or the Form or Schedule and the date
of its filing.
1) Amount Previously Paid:
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2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
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4) Date Filed:
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<PAGE>
IMPERIAL BANKFUND, A SERIES OF
QUESTAR FUNDS, INC.
The Hauppauge Corporation Center
150 Motor Parkway
Hauppauge, New York 11788
November 24, 1999
Dear Shareholder:
We are pleased to enclose the Notice and Proxy Statement for the Annual
Meeting of Shareholders of Imperial BankFund (the "Fund"), a series of Questar
Funds, Inc. (the "Corporation"), to be held at 10:00 a.m. (E.S.T.) on Tuesday,
December 21, 1999 at the offices of the Corporation, Suite 109, The Hauppauge
Corporate Center, 150 Motor Parkway, Hauppauge, New York 11788.
Please take the time to read the Proxy Statement and cast your vote,
since it covers matters that are important to the Fund and to you as a
shareholder. At the Annual Meeting, Fund shareholders will be asked to consider
and vote on the following proposals:
1. To elect five (5) Directors to serve until their successors are duly
elected and qualified.
2. To ratify the selection of McCurdy & Associates CPAs, Inc. as
independent auditors for the Fund.
3. To transact such other business as may properly come before the
Annual Meeting of Shareholders or any adjournments thereof.
The Directors of the Corporation have concluded that the proposals,
which are described in more detail in the enclosed Proxy Statement, are in the
best interests of the Fund and its shareholders and recommend that you vote FOR
each of the proposals.
We appreciate your participation and prompt response in this matter and
thank you for your continued support.
Very truly yours,
/s/ Michael Miola
Michael Miola
Chief Executive Officer and President
<PAGE>
IMPERIAL BANKFUND, A SERIES OF
QUESTAR FUNDS, INC.
The Hauppauge Corporation Center
150 Motor Parkway
Hauppauge, New York 11788
(516) 951-0500
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON DECEMBER 21, 1999
TO THE SHAREHOLDERS OF IMPERIAL BANKFUND:
NOTICE IS HEREBY GIVEN, that the Annual Meeting of Shareholders (the
"Meeting") of IMPERIAL BANKFUND (the "Fund"), a series of Questar Funds, Inc.
(the "Corporation") a registered investment company, will be held on Tuesday,
December 21, 1999 at 10:00 a.m. (E.S.T.), at the offices of the Corporation, The
Hauppauge Corporate Center, Suite 109, 150 Motor Parkway, Hauppauge, New York
11788, for the following purposes:
1. To elect five (5) Directors to serve until their successors
are elected and qualified.
2. To ratify the selection of McCurdy & Associates CPAs, Inc. as
independent auditors for the Fund.
3. To transact such other business as may properly come before
the Annual Meeting of Shareholders or any adjournments thereof.
The close of business on November 19, 1999 has been fixed as the
record date for the determination of shareholders entitled to notice of and to
vote at the Meeting and at any adjournment thereof.
YOUR ATTENTION IS CALLED TO THE ACCOMPANYING PROXY STATEMENT AND
PROXY CARD. SHAREHOLDERS ARE ENCOURAGED TO CAREFULLY READ THE PROXY STATEMENT
AND VOTE PROMPTLY BY EXECUTING AND RETURNING THE PROXY CARD IN THE ENCLOSED
ENVELOPE. YOUR VOTE IS IMPORTANT FOR THE PURPOSE OF ENSURING A QUORUM AT THE
ANNUAL MEETING. YOUR PROXY MAY BE REVOKED AT ANY TIME BEFORE IT IS EXERCISED BY
THE SUBSEQUENT EXECUTION AND SUBMISSION OF A REVISED PROXY, BY GIVING WRITTEN
NOTICE OF REVOCATION TO THE CORPORATION AT ANY TIME BEFORE THE PROXY IS
EXERCISED OR BY VOTING IN PERSON AT THE MEETING.
By Order of the Board of Directors
/s/ James Colantino
James Colantino, Secretary
November 24, 1999
<PAGE>
IMPERIAL BANKFUND, A SERIES OF
QUESTAR FUNDS, INC.
PROXY STATEMENT
FOR
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON DECEMBER 21, 1999
This Proxy Statement is furnished by and on behalf of the Board of
Directors of the Corporation in connection with the Fund's solicitation of
voting instructions for use at the Annual Meeting of Shareholders of the Fund,
or any adjournment thereof (the "Meeting") to be held on Tuesday, December 21,
1999 at 10:00 a.m., (E.S.T.), at the offices of the Corporation, The Hauppauge
Corporate Center, Suite 109, 150 Motor Parkway, Hauppauge, New York 11788, for
the purposes set forth below and in the accompanying Notice of Annual Meeting.
At the Meeting, the shareholders of the Fund will be asked:
1. To elect five (5) Directors to serve until their successors are
elected and qualified.
2. To ratify the selection of McCurdy & Associates CPAs, Inc. as
independent auditors for the Fund.
3. To transact such other business as may properly come before the
Annual Meeting of Shareholders or any adjournments thereof.
The election of the nominees for Director and the ratification of the
selection of independent auditors require the affirmative vote of a simple
majority of shares represented at the Meeting either in person or by proxy,
assuming a quorum is present. Solicitation of proxies is being made primarily by
the mailing of this Notice and Proxy Statement with its enclosures on or about
November 26, 1999. Shareholders of the Fund whose shares of common stock are
held by nominees, such as brokers, can vote their proxies by contacting their
respective nominee. In addition to the solicitation of proxies by mail, officers
of the Fund and employees of Retirement Planning Company of New England, Inc.
(the "Adviser") or American Data Services, Inc. (the "Administrator"), without
additional compensation, may solicit proxies in person or by telephone,
telegraph, facsimile, or oral communication. The Administrator will pay the cost
of holding the Meeting, including the cost of printing and mailing the Proxy
Statement and Proxy Card, tabulating votes cast, and any out-of-pocket expenses
incurred with respect to the Meeting.
The Fund issues only one class of common stock ("Common Stock").
Shareholders of the Fund at the close of business on November 19, 1999 (the
"Record Date") will be entitled to be present and give voting instructions for
the Fund at the Meeting with respect to their shares of Common Stock owned as of
such Record Date. Shareholders will be entitled to one (1) vote for each full
share, and a partial vote for each partial share of the Fund that they own on
the Record Date on each matter. As of the Record Date, there were 108,256.709
shares of Common Stock outstanding and entitled to vote, representing total net
assets of approximately $1,076,100.
<PAGE>
A shareholder may revoke the accompanying proxy at any time prior to its
use by delivering to the Secretary of the Corporation a written revocation or
duly executed proxy bearing a later date. In addition, any shareholder who
attends the Meeting in person may vote by ballot at the Meeting, thereby
canceling any proxy previously given.
The persons named in the accompanying proxy will vote as directed by the
proxy, but in the absence of voting directions in any proxy that is signed and
returned, they intend to vote FOR each of the proposals and may vote in their
discretion with respect to other matters not now known to the Directors of the
Fund that may be presented at the Meeting.
One-third of the outstanding shares of the Fund on the Record Date,
represented in person or by proxy, must be present to constitute a quorum for
the transaction of the Fund's business at the Meeting. If a quorum is not
present at the Meeting, or if a quorum is present but sufficient votes to
approve any or all of the Proposals are not received, the persons named as
proxies may propose one or more adjournments of the Meeting to permit further
solicitation of proxies. In determining whether to adjourn the Meeting, the
following factors may be considered: the nature of the Proposals that are the
subject of the Meeting, the percentage of votes actually cast, the percentage of
negative votes actually cast, the nature of any further solicitation and the
information to be provided to shareholders with respect to the reasons for the
solicitation. Any adjournment will require the affirmative vote of a majority of
those shares represented at the Meeting in person or by proxy. A shareholder
vote may be taken on one or more of the Proposals in this proxy statement prior
to any adjournment if sufficient votes have been received with respect to a
Proposal. If a shareholder abstains from voting as to any matter, then the
shares held by such shareholder shall be deemed present at the Meeting of the
Fund for purposes of determining a quorum, but shall not be deemed represented
at the Meeting for purposes of calculating the vote with respect to such matter.
If a broker returns a "nonvote" proxy, indicating a lack of authority to vote on
a matter, then the shares covered by such nonvote shall be deemed present at the
Meeting for purposes of determining a quorum, but shall not be deemed
represented at the Meeting for purposes of calculating the vote with respect to
such matter.
INVESTMENT ADVISER
Retirement Planning Company of New England, Inc., (the "Adviser") is a
registered investment adviser with the Securities and Exchange Commission. The
Adviser was initially incorporated in the State of Rhode Island in 1996. The
Adviser manages private accounts for individuals, trusts, estates, non-profit
institutions, corporations and retirement and profit-sharing plans. The Adviser
has offices at One Richmond Square, Providence, Rhode Island. David W. Allaire
and Michael R. Laliberte are the stockholders of the Adviser.
Pursuant to the Advisory Agreement, the Adviser provides to the Fund
investment management and financial advisory services, including causing the
purchase and sale of securities in the Fund's portfolio subject at all times to
the policies set forth by the Board of Directors. The annual investment advisory
fee payable by the Fund to the Adviser is equal to 1.00% of the Fund's average
daily net assets. Under the terms of the Advisory Agreement, the Board of
Directors supervises all aspects of the Fund's on-going operations.
<PAGE>
OWNERSHIP OF SHARES
Shareholders known by the Fund to own of record more than five (5%)
percent of the outstanding shares of the Fund on November 19, 1999, and the
percentage of the outstanding shares of common stock owned on that date are
listed below.
<PAGE>
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
NAME AND ADDRESS AMOUNT OF PERCENT
OF BENEFICIAL OWNER BENEFICIAL OWNERSHIP OF CLASS
- ------------------- -------------------- --------
Ronald R. Smith (IRA) 6,492.193 5.997%
c/o Firstar Bank N.A. (Custodian)
11 Butts Rock Roas
Little Compton, RI 02837
PROPOSAL 1 -TO ELECT FIVE DIRECTORS TO SERVE UNTIL THEIR SUCCESSORS ARE
ELECTED AND QUALIFIED
At the Meeting, five (5) Directors will be elected to serve as Directors
of the Fund, each to serve until their successors are duly elected and
qualified. There are currently two (2) Directors, Anthony J. Hertl and Michael
Miola, on the Board of Directors of the Corporation, each having been elected by
the sole stockholder of the Corporation in 1998. Mr. Dan Calabria, also a
Director since the inception of the Fund in 1998, resigned as a member of the
Board of Directors effective November 17, 1999, due to personal reasons. In
addition to Messrs. Hertl and Miola, the following three (3) persons have also
been nominated for election to the Board of Directors: Daniel Abramson, Philip
A. Capalongo and Donald Smith. A director may be removed from office only by a
vote of the holders of a majority of the votes cast at a meeting provided there
is a quorum present.
Each current Director and nominee has consented to serve as a Director,
if elected; however, should any nominee become unavailable to accept election,
an event not now anticipated, the persons named in the proxy will vote in their
discretion for another person or persons who may be then nominated as Director.
The current members of the Board of Directors and the nominees are set
forth in the following table. The table also sets forth information about each
of them individually, concerning age, address, principal occupation, business
experience for at least the last five (5) years, and ownership of shares in the
Fund. Michael Miola is an "interested person" of the Corporation as defined in
the Investment Company Act of 1940 ("Interested Directors").
<PAGE>
BOARD OF DIRECTORS OF THE CORPORATION
<TABLE>
<CAPTION>
NAME (AGE) AND PRINCIPAL OCCUPATION AND OTHER NUMBER OF SHARES
ADDRESS BUSINESS EXPERIENCE DURING THE BENEFICIALLY OWNED
PAST FIVE (5) YEARS AND PERCENT OF CLASS
AS OF NOVEMBER 19,
1999
===================== ================================= ======================
<S> <C> <C>
DANIEL ABRAMSON (49) President and Chief Executive -0-
c/o Dunhill Staffing Systems, Inc. Officer, Dunhill Staffing Systems,
150 Motor Parkway Inc. (1994-Present), having joined
Hauppauge, NY 11788 Dunhill in 1986 as a franchise
owner in Providence, RI. He served
as Franchise Advisory Council
President (1990-1992) and is a
member of the National Association
of Personnel Services, a trade
organization.
PHILIP A. CAPALONGO (44) Managing Director in Capital -0-
211 Mill River Road Investments Partners, an investment
Oyster Bay, NY 11771 banking firm. Prior thereto, he
served in a number of senior
management positions at
TeleTechnologies, a technology
company, and Michaels, Edgar &
Phillips, an investment banking
firm.
ANTHONY J. HERTL, (50) Chief Financial and Administrative -0-
Colobaugh Pond Road Officer for Marymount College,
Croton-on-Hudson, NY 10520 Tarrytown, New York since 1996.
Prior thereto, he served in a
number of senior management
positions at Prudential Securities
Inc. from 1983-1996. Mr. Hertl
spent ten (10) years at Arthur
Andersen & Co. and is a Certified
Public Accountant.
<PAGE>
*MICHAEL MIOLA (48) Chief Executive Officer of American -0-
The Hauppauge Corporate Center Data Services, Inc.
150 Motor Parkway
Hauppauge, New York 11788
DONALD SMITH (52) President, Don Smith Realty -0-
Don Smith Realty (1971-1999). Director of Avalon
81 North Maple Avenue Capital, Inc., a closed-end
Ridgewood, NJ 07450 investment company.
</TABLE>
In addition to Mr. Miola as Chief Executive Officer and President, the
other officers of the Corporation are Michael Wagner -- Treasurer and James
Colantino -- Secretary. Each of the officers is employed by the Administrator.
<PAGE>
As of the Record Date, none of the officers or Directors of the
Corporation owned any shares of the Fund.
During the Fund's initial fiscal year ending November 30, 1999, the
Board held two (2) Board of Directors meetings. Each of the current Directors
attended both of the meetings held during such fiscal year.
COMMITTEES
The Board has an Audit Committee whose function is to meet with the
independent auditors of the Fund in order to review the scope of the Fund's
audit, the Fund's financial statements and interim accounting controls, and to
meet with Fund management concerning these matters, among other things. This
Committee currently consists of Mr. Hertl as the sole Independent Director and,
pending their election, will also consist of the three (3) additional
Independent Directors, Messrs. Abramson, Capalongo and Smith. The Fund also has
a Nominating Committee, which currently consists of Mr. Hertl and, pending the
election of, will consist of all four (4) of the Independent Directors of the
Board.
REMUNERATION OF BOARD MEMBERS AND OFFICERS
The Corporation pays each Director who is not an "interested person" as
defined in the Investment Company Act of 1940, an annual retainer fee of $1,000
and a meeting fee of $500 for each meeting attended. The Directors are also
reimbursed for actual out-of-pocket expenses related to attendance at such
meetings. The Corporation does not compensate "interested persons" who serve on
the Board of Directors. The officers of the Corporation also are not paid any
compensation for their work as officers.
For the fiscal year ending November 30, 1999, the Directors listed below
did not receive any compensation as shown below. The three (3) nominees for
election did not serve during such fiscal year and, therefore, received no
compensation:
<TABLE>
<CAPTION>
FISCAL YEAR ENDING NOVEMBER 30, 1999
COMPENSATION TABLE
(1) (2) (3) (4) (5)
======================= ==================== ============================ ======================== ======================
NAME OF PERSON, AGGREGATE PENSION OR RETIREMENT ESTIMATED TOTAL COMPENSATION
POSITION COMPENSATION BENEFITS ACCRUED AS ANNUAL BENEFITS FROM FUND AND FUND
FROM FUND PART OF FUND EXPENSES UPON RETIREMENT COMPLEX
PAID TO
DIRECTORS**
<S> <C> <C> <C> <C>
MICHAEL MIOLA* None None None None
Director
ANTHONY J. HERTL None None None None
Director
<FN>
* Interested Director.
** The Fund currently is the only fund with investment operations in the Fund Complex.
</FN>
</TABLE>
<PAGE>
RECOMMENDATION AND REQUIRED VOTE
The affirmative vote of the holders of a simple majority of the shares
of the Fund represented at the meeting, assuming a quorum is present, is
required to approve the election of the nominees for the Board of Directors.
THE BOARD OF DIRECTORS OF THE FUND RECOMMENDS
THAT SHAREHOLDERS OF THE FUND VOTE FOR THE ELECTION OF THE NOMINEES
PROPOSAL 2. TO RATIFY THE SELECTION OF INDEPENDENT AUDITORS
At a meeting of the Board held on December 16, 1998, the Board,
including a majority of Directors who are not "interested persons" as defined in
the Investment Company Act, as well as the Directors who were members of the
Audit Committee, selected the accounting firm of McCurdy & Associates CPAs, Inc.
to act as the independent auditors of the Fund for the fiscal year ending
November 30, 1999.
McCurdy & Associates CPAs, Inc. has served as independent auditors for
the Fund with respect to its financial statements since the inception of the
Fund in 1998. Based upon a recommendation from the Administrator, the Directors
deemed it appropriate at the organizational meeting to select McCurdy &
Associates CPAs, Inc. as independent auditors. The Board selected McCurdy &
Associates CPAs, Inc. after considering that firm's experience as independent
auditors to various investment companies throughout the United States.
During the Fund's initial fiscal year, there were no disagreements with
McCurdy & Associates CPAs, Inc. on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of that firm, would have
caused it to make reference to the subject matter of the disagreement(s) in
connection with its report.
McCurdy & Associates CPAs, Inc. are independent auditors and have no
direct financial or material indirect financial interest in the Fund.
Representatives of McCurdy & Associates CPAs, Inc. are not expected to be at the
Meeting but have been given the opportunity to make a statement if they wish,
and will be available should any matter arise requiring their presence.
The Board's selection of McCurdy & Associates CPAs, Inc. is being
submitted to the shareholders for ratification.
RECOMMENDATION AND REQUIRED VOTE
The affirmative vote of the holders of a simple majority of the shares
of the Fund represented at the meeting, assuming a quorum is present, is
required for the ratification of the selection of independent auditors.
THE BOARD OF DIRECTORS OF THE FUND RECOMMENDS THAT SHAREHOLDERS OF THE FUND
RATIFY THE SELECTION OF MCCURDY & ASSOCIATES CPAS, INC.
AS INDEPENDENT AUDITORS FOR THE FUND.
<PAGE>
OTHER MATTERS TO COME BEFORE THE MEETING
The Corporation's management does not know of any matters to be
presented at the Meeting other than those described in this Proxy Statement. If
other business should properly come before the Meeting, the proxy holders will
vote thereon in accordance with their best judgment.
SHAREHOLDER PROPOSALS
Shareholders wishing to submit proposals for inclusion in a Proxy
Statement for a subsequent shareholder's meeting should send their written
proposals addressed to the Secretary of the Corporation at The Hauppauge
Corporate Center, 150 Motor Parkway, Hauppauge, New York 11788. Proposals must
be received at a reasonable time prior to the date of a meeting of shareholders
to be considered for inclusion in the materials for the Fund's meeting. Timely
submissions of a proposal does not, however, necessarily mean that such proposal
will be included.
REPORTS TO SHAREHOLDERS
The Fund will furnish, without charge, a copy of its SemiAnnual Report
upon request. Requests for such reports should be directed to the Fund c/o
American Data Services, Inc., The Hauppauge Corporate Center, Suite 109, 150
Motor Parkway, Hauppauge, New York 11788 or by telephoning the Administrator at
(516) 951-0500.
IN ORDER THAT THE PRESENCE OF A QUORUM AT THE MEETING MAY BE ASSURED,
PROMPT EXECUTION AND RETURN OF THE ENCLOSED PROXY CARD IS REQUESTED. A
SELFADDRESSED, POSTAGEPAID ENVELOPE IS ENCLOSED FOR YOUR CONVENIENCE.
By Order of the Board of Directors
---------------------------------------
James Colantino, Secretary
November 24, 1999
<PAGE>
PROXY - IMPERIAL BANKFUND,
A SERIES OF QUESTAR FUNDS, INC.
PROXY FOR ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON
DECEMBER 21, 1999
SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned owner of Common Stock, par value $.001 per share (the "Common
Stock") of Imperial BankFund, (the "Fund"), a series of QUESTAR FUNDS, INC. (the
"Corporation") hereby instructs MICHAEL MIOLA or MICHAEL WAGNER ("Proxies") to
vote the shares of the Common Stock held by such owner at the Annual Meeting of
Shareholders of the Fund to be held at 10:00 a.m., (E.S.T.), on December 21,
1999 at the offices of the Corporation, The Hauppauge Corporate Center, Suite
109, 150 Motor Parkway, Hauppauge, New York 11788, and at any adjournment
thereof, in the manner directed below with respect to the matters referred to in
the Proxy Statement for the Meeting, receipt of which is hereby acknowledged,
and in the Proxies' discretion, upon such other matters as may properly come
before the meeting or any adjournment thereof.
__
__ PLEASE MARK YOUR VOTES AS IN THIS EXAMPLE.
FOR AGAINST ABSTAIN
1. Election of Directors:
__ __ __
__ __ __
FOR, EXCEPT VOTE WITHHELD FROM THE FOLLOWING NOMINEE(S):________________
Nominee(s): DANIEL ABRAMSON
PHILIP A. CAPALONGO
ANTHONY J. HERTL
MICHAEL MIOLA
DONALD SMITH
2. Ratification of the selection of McCurdy & Associates
CPAs, Inc. as the Fund's independent auditors.
__ __ __
__ __ __
3. In their discretion to act upon such other matters as may
properly come before the Annual Meeting
or any adjournment thereof.
__ __ __
__ __ __
<PAGE>
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE SHAREHOLDER. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED IN
FAVOR OF THE ABOVE PROPOSALS.
Your proxy is important to assure a quorum at the Annual Meeting whether or not
you plan to attend the Meeting in person. You may revoke this proxy at any time,
and the giving of it will not effect your right to attend the Annual Meeting and
vote in person.
PLEASE MARK, SIGN, DATE AND RETURN THE PROXY
CARD PROMPTLY USING THE ENCLOSED ENVELOPE.
SIGNATURE(S)_________________________DATE_____________
_________________________DATE_____________
NOTE: PLEASE SIGN EXACTLY AS NAME APPEARS. WHEN SHARES ARE HELD AS JOINT
TENANTS, BOTH SHOULD SIGN. WHEN SIGNING AS ATTORNEY, EXECUTOR, ADMINISTRATOR,
TRUSTEE OR GUARDIAN, PLEASE GIVE FULL TITLE AS SUCH. IF A CORPORATION, PLEASE
SIGN IN FULL CORPORATE NAME BY PRESIDENT OR OTHER AUTHORIZED OFFICER AND IF A
PARTNERSHIP, PLEASE SIGN IN THE PARTNERSHIP NAME BY AUTHORIZED PERSON.
