<PAGE>
 
          W. George Loar has served as a director since May 1995.  Mr. Loar has
been retired for the past five years from his position as Vice President and
General Manager of KQTV, a St. Joseph, Missouri ABC-affiliated television
station.  He is 73 years of age and serves on the Audit Committee and the
Nominating Committee of the Company's Board of Directors.  His current term of
office as a director expires in 1998.

          Based solely upon a review of copies of Forms 3 and 4 and amendments
thereto furnished to the Company during the fiscal year ended September 30, 1995
and Forms 5 and amendments thereto with respect to such year and certain written
representations that no Form 5 is required, the Company is not aware of any
failure on the part of any person subject to Section 16 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), with respect to the
Company during fiscal 1995 to file on a timely basis any form or report required
by Section 16(a) of the Exchange Act during such fiscal year or prior fiscal
years. However, the Company has not received copies of Form 5s from any of the
following former officers and directors of the Company with respect to fiscal
1995 (each of whom served as an officer, director or both of Zapata for all or a
part of fiscal 1995), and has not received a written representation from any of
such persons that no Form 5 was required with respect to such fiscal year: Peter
M. Holt, Robert W. Jackson, Joseph B. Mokry and Kristian Siem.

ITEM 11.  EXECUTIVE COMPENSATION.

          The following table sets forth information regarding compensation with
respect to the fiscal years ended September 30, 1995, 1994 and 1993 for services
in all capacities rendered to the Company and its subsidiaries by the persons
who served as chief executive officer during fiscal 1995, the four most highly
compensated executive officers of the Company other than the chief executive
officer who were serving as executive officers on September 30, 1995 and one
additional individual who would have been in that category but for the fact that
he was not serving as an executive officer on September 30, 1995 (the "Named
Officers").

                                                                               4