Insider ownership is excessive at EVC. We should expect a little intelligent diversification after 4 years of the company being in the credit crisis doldrums. Zevnik recently sold 60K shares but he still owns about 4 million shares.
Oddly, our CEO has not sold any shares.
"Mr. Zevnik was involved in the development, management and ownership of our predecessor entities from 1989 to 1996, and served as our Secretary from our companys inception in 1996 until October 2003. Mr. Zevnik is a partner, resident in the Washington, D.C. and Los Angeles, California offices of the law firm of Morgan, Lewis & Bockius, LLP. Mr. Zevnik has been a director since August 2000 and currently serves as our lead independent director."