Wolf Stephenson met Tommy Couch (the founder of Malaco Records) while the two studied pharmacy in college. They began booking musical acts for their college parties and soon expanded to events and night clubs in and around Oxford, Mississippi. In 1963, Wolf met Rick Hall (the founder of Fame Studios in Muscle Shoals, Alabama) and many of his studio musicians. Those musicians such as David Hood and Jimmy Johnson had their own bands, which Wolf happily booked for parties and clubs. When Tommy opened Malaco and asked Wolf for some help, he moved to Jackson and in the early days asked his Muscle Shoals friends to help get the record label off the ground by playing in the studio band. Sixty years later, Wolf sat down for his NAMM interview and expressed how grateful he was for his friends help in getting the label off the ground.
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