Director Margaret Cotter has been a member of our Board since September 27, 2002, and currently serves as the Chair of our Board and as a member of our Executive Committee. Director Cotter was appointed Chair on December 8, 2020. Prior to this time, Director Cotter served as Vice-Chair of our Board from August 7, 2014 until December 8, 2020. Director Cotter is the sister of Director Ellen M. Cotter.
On March 10, 2016, our Board appointed Director Cotter as Executive Vice President-Real Estate Management and Development-NYC, and Director Cotter became a full-time employee of our Company. In this position, Director Cotter is responsible for the daily management of our live theater properties and operations, including the oversight of the day to day development process of our 44 Union Square and oversight of our other New York and Pennsylvania real estate holdings. Up until the sale in June 2021, Director Cotter also oversaw our Chicago real estate holdings. Operating the daily oversight of our theater properties for over two decades, Director Cotter contributes to the strategic direction for our developments and operations.
Director Cotter is the owner and President of OBI, LLC (“OBI”), which, from 2002 until her appointment as Executive Vice President – Real Estate Management and Development- NYC, managed our live theater operations under a management agreement and provided management and various services regarding the development of our New York theater and cinema properties. Pursuant to the OBI management agreement, Director Cotter also served as the President of Liberty Theaters, LLC, the subsidiary through which we own our live theaters. The OBI management agreement was terminated with Director Cotter’s appointment as Executive Vice President-Real Estate Management and Development-NYC. Director Cotter is also a theatrical producer who has produced shows in Chicago and New York and served as a long-time board member of the League of Off-Broadway Theaters and Producers from 2004-2017.
Director Cotter is also the Co-Executor of her father's estate, Co-Trustee of the Cotter Living Trust and Co--Trustee of the James J. Cotter Foundation. In her capacity as the Co-Executor of the Estate of James J. Cotter, Director Cotter (together with her sister and Co-Executor, Ellen Cotter) holds positions in various real estate entities that are part of her father’s estate, which, include, without limitation, being a Director of Cecelia Packing Corporation (a Cotter family-owned citrus grower, packer and marketer) and, acting as the 50% Cotter general partner of Sutton Hill Associates, which is the parent company Sutton Hill Capital, L.L.C. Director Cotter, a former Assistant District Attorney for King’s County in Brooklyn, New York, graduated from Georgetown University and Georgetown University Law Center.
Director Cotter brings to the Board over 22 years of experience as a live theater producer, theater operator and an active member of the New York theatre community, which gives her insight into live theater business trends that affect our business in this sector, and in New York real estate matters. In addition, with her direct ownership of both Class A Stock and Class B Stock and her positions as Co-Executor of her father’s estate and Co-Trustee of the Cotter Living Trust and the Cotter Foundation, and as the Sole Trustee of the James J. Cotter Education Trust #1 – all which hold a significant amount of Class A shares and/or Class B shares, Director Cotter is a significant stakeholder in our Company.