Grumman Allied Industries, Inc. - Specimen Stock Certificate

Specimen Stock printed by American Bank Note Co. F.L. Division. Pearson Yachts, established in 1956 by Everett and Clinton Pearson, was a pioneering manufacturer of sailboats, particularly known for being among the first to utilize fiberglass in their designs. The company experienced significant growth during the 1960s and 1970s, marked by the introduction of innovative boat designs. However, the 1980s brought a series of ownership changes, culminating in the company's bankruptcy filing. In 1991, Pearson Yachts was acquired by Grumman Allied Industries, and the rights to the brand name are currently owned by the Pearson Marine Group. In 1961, Grumman Allied Industries acquired a majority stake in Pearson Yachts. The Pearson cousins departed from the company in the 1960s, leading to Bill Shaw assuming the role of chief designer. Among Shaw's distinguished creations is the flush-decked Pearson 40, which was launched in 1977. Following its bankruptcy in 1991, TPI Composites, previously known as Tillotson-Pearson, acquired the rights to the Pearson Yachts brand.