Currently, the Board of Directors consists of the following individuals: Gary L. Ellis, Class 3 director with a term expiring at the 2003 annual meeting; James L. Smith and M. Dean Brown, Class 2 directors with terms expiring at the 2004 annual meeting; and Charles L. Smith and Thomas D. Sanders, Class 1 directors with terms expiring at the 2005 annual meeting.
The Board of Directors has nominated Gary L. Ellis
as the Class 3 director for the term expiring at the 2006 annual meeting, and until his
successor is elected and qualified.Proxies cannot be voted for a greater number of persons than the number of nominees named.
...Gary L. Ellis, age 59, has served SUMMIT LIFE CORP in several positions since 1994.From 1994 until 1997, Mr. Ellis served variously as Vice President and President of Equity Mortgage Services, Inc., a wholly owned subsidiary of SUMMIT LIFE CORP until its merger with SUMMIT LIFE CORP in late 1997.Subsequent to the merger, Mr. Ellis was appointed Vice President-Mortgage Operations of the Company and served in such capacity until Decenber 1998.
Since 1988, Mr. Ellis
has also owned and operated Gary L. Ellis & Associates
, which provides tax and accounting services.Mr. Ellis graduated from Oklahoma University with a bachelors degree.
...The Audit Committee
, which is composed of Gary L. Ellis
, M. Dean Brown and Thomas D. Sanders, met twice on a formal basis during 2002, although it operated on an informal basis throughout the year through discussions and actions at regular Board meetings and through conversations with management and the other directors.
...Gary L. Ellis ** (1) 1,532 (2) All executive officers and directors as a group (5 persons) 1,495,733 55.58% - --------------------------