The November 1958 board meeting of The Upjohn Company was a
momentous one. At this meeting, held in Building 24 in the
Downtown Kalamazoo complex (Building 88 was not yet built)
the board below voted to take the company from a private
one, owned by the Upjohn family for the past 70 years, to a
public company. Upjohn Company stock spilt 25 for 1 and
family members sold 2.41 million shares (17% of the total)
to the general public at $45 a piece.
This occasion was commemorated in an
article titled "The heart of The Upjohn
Company: our Board of Directors". All the Upjohns, Daltons,
Lights, Gilmores, Parrishs and Parfets below were considered
to be Upjohn family members.
On January 5, 1959 The Upjohn Company was first listed on
the New York Stock Exchange by Gifford Upjohn.
Below is an undated list of common shareholders when the
company was still private. The total number of shares at this time
was 558,785. Sale of any shares in the era of private
ownership was rare.
Here is an 1890 Kalamazoo Gazette listing all the
shareholders at that time
And here are a few resignation letters from the 1950s.