Since its founding in Edmond in 2005, GPS maker U.S. Fleet Tracking has grown into a $40-million enterprise that provides vehicle tracking services in more than 120 countries and to major sporting events, but the future of the company is clouded by the ongoing divorce of co-owners Cindy and Jerry Hunter.
While the Hunters have said publicly in the past that US Fleet Tracking President Cindy Hunter and CEO Jerry Hunter co-founded the company together in 2005, in court documents filed in the divorce case, Jerry Hunter claims that he founded the company before he and Cindy Hunter were married in 2006 and he is the sole owner of its valuable intellectual property.
“The trademark, software, and related property were developed before the marriage,” Jerry Hunter claims in court filings.
Although Cindy Hunter is still a part owner of US Fleet Tracking, her picture and biography has been taken off the company website since she filed for divorce from Jerry Hunter in July.
In an email, Cindy Hunter said that she and Jerry Hunter are working toward an agreement on the business that will be filed with the court soon.
“Going forward my position has been undetermined though I will still have a role in the business,” Cindy Hunter said in a email.
Cindy Hunter has claimed in court documents filed in their divorce case that Jerry Hunter has made numerous threats in the past to unplug all of U.S. Fleet Tracking’s computers and start a new company across the street in a scenario he called “the nuclear option.”
“Petitioner (Cindy Hunter) believes that respondent (Jerry Hunter) is fully capable of carrying out these threats and is vindictive enough to destroy everything even though it would damage him too,” Cindy Hunter claimed in court documents.
Although the Hunters reached a temporary settlement in August that called for Jerry Hunter to manage the Hunters’ businesses during the divorce, Cindy Hunter unsuccessfully asked an Oklahoma County District Court judge in October to place US Fleet Tracking under the control of a receiver during the course of the divorce proceedings.