Offerman v. Offerman

Appeal by defendant from a judgment entered 12 October 1998 by Judge John W. Smith in New Hanover County District Court. Heard in the Court of Appeals 12 January 2000. Stephanie F. Offerman (plaintiff) and Mark A. Offerman (defendant) were married on 30 May 1987, and separated on 16 September 1996. During the course of their marriage they acquired various assets subject to equitable distribution, including a closely held corporation which they formed on 10 October 1991. Originally known as New Elements, Inc., the corporate name was changed to Mark Made, Inc. (Mark Made) in 1993. Mark Made's operations included the manufacture of candlestick holders, candlesticks and eventually expanded to include the manufacture of store window displays. Mark Made was a Sub-chapter S corporation with 100 outstanding shares of stock issued in the names of plaintiff and defendant as joint tenants with right of survivorship.