THE SAUGUS ADVOCATE – FRIDAY, MARCH 11, 2022 Page 3 Family Feud at Kane’s Donuts K Company president and CEO Paul Delios fi les lawsuit against “the Gang of Four” siblings By Mark E. Vogler “For years, Paul often worked ane’s Donuts President and CEO Paul Delios takes credit for being the “incredibly successful” and “savvy business professional” responsible for increasing the company’s sales from $500,000 to $8 million a year. The way Delios describes it, since he’s been at the helm “a once small, independent operator became a multimillion dollar major player.” seven days a week to accomplish those extraordinary feats. He would travel to each store on a daily basis to check in on operations and meet with Company employees.” But according to Delios, his four siblings don’t appreciate his efforts to make the family business a prosperous one. “Since in or around August 2021, the Individual Defendants have hatched and executed on plans to freeze out Mr. Delios from the Companies,” Delios alleged in a memorandum fi led in Suff olk Superior Court last Friday (March 4) accompanying a lawsuit against his two brothers and two sisters. “In August 2021, the Gang of Four voted to reduce Mr. Delios’ weekly salary from $4,000.00 to $2,200.00 per week and, instead, to pay each person in the Gang of Four $600.00 a week as an ownership distribution,” the complaint said. In his lawsuit, Delios seeks unspecifi ed monetary damages. He’s also requesting a temporary restraining order and injunction against the defendants to maintain the current ownership and management until the lawsuit is settled. Named as defendants are: * Maria Delios, a sister and TAKING ON HIS BROTHERS AND SISTERS: Paul Delios is shown in happier days soon after the opening of the new Kane’s Donuts on Broadway. Last Friday he fi led a lawsuit against his two brothers and two sisters, claiming they are trying to force him out of the family business. (Saugus Advocate fi le photo by Mark E. Vogler) Ipswich resident who has been a 20 percent shareholder of each of the three Companies. She is currently an offi cer and Board member of PDKD. * Stephen Delios, a brother, of Saugus. He was a 20 percent DONUTS | SEE PAGE 19 It’s always worth celebrating being green. Happy St. Patrick’s Day! 100 Salem Turnpike, Saugus, MA 01906 WIN-WASTE.COM
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