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Dell owns 60 percent of Smarsh, with an option to buy more. Companies that produce the kind of growth that Smarsh has inevitably attract suitors. But don't look for a buyout at Smarsh: It's already happened. More on the electronic archivist.
The biggest block of the companyâs Class A stock â 26 percent â is held in a series of family trusts. Katie Belk Morris, the sister of CEO Tim Belk and the chair of the Belk Foundation Board, has beneficial ownership of those shares, meaning she has, or she shares, voting power for the stock or has the power to sell it. It does not mean Morris personally owns the shares.