Ruedi G. Laupper is the brother of Josef Laupper
and the father of Ueli and Michael Laupper.
...Josef Laupper has been Secretary, Treasurer (until January 1998 and recommencing January 1999) and a director of SWISSRAY INTERNATIONAL INC since May 1995 (with the exception of not having served as Secretary from December 23, 1997 to February 23, 1998).He has held comparable positions with SR Medical Holding AG, SR Medical AG, and their respective predecessors since 1990.He
is principally in charge of SWISSRAY INTERNATIONAL INC
's administration.Josef Laupper
has approximately 19 years of experience within the medical device business. Ueli Laupper has overall Company responsibilities in the area of international marketing and sales with approximately eight years of experience within the international X-ray market.He has been a Vice President of the Company since March 1997 and a director of SWISSRAY INTERNATIONAL INC since March 1997.He was Chief Executive Officer of SR Medical AG from July 1995 until June 30, 1997 having previously been employed by SWISSRAY INTERNATIONAL INC from January 1993 to July 1995 as Export Manager.Since the beginning of July 1998 he has been in charge of the Company's U.S. operations and has served as CEO of both Swissray America Inc. since its formation in September 1998 and Swissray Healthcare, Inc., until the latters merger into Swissray America Inc.
...Directors of SWISSRAY INTERNATIONAL INC receive $10,000 annually for serving as directors except for Josef Laupper, who receives $12,000 and Ruedi G. Laupper, the Chairman of the Board of Directors, who receives $15,000.
(1) Fees for service on the Board of Directors of SWISSRAY INTERNATIONAL INC
. (2) Dollar value assigned to the 2,000,000 shares of Common Stock issued for relinquishment of EBIT bonus based upon Board members agreement that such price would be based upon 90% of bid price at the time proposal was initially made, i.e., 90% of the $2.40 average price on June 30, 1999 - the date of the Board of Directors meeting. (3) Includes 275,000, 150,000, 250,000 and 150,000 shares of common stock issued to Ruedi G. Laupper, Josef Laupper
, Ueli Laupper and Michael Laupper respectively, all of which shares were valued at $2.475 per share. (4) See "Stock Option Grants in Fiscal Year Ended June 30, 2001".
With respect to the named Executive Officers there were no granting of stock options under either SWISSRAY INTERNATIONAL INC
's 1996, 1997, 1999, 2000 or 2001 Stock Option Plans (the "Plans") during fiscal year ended June 30, 2001 excepting for options granted (December 27, 2000 when the closing bid price was $0.35) as follows: (a) From the 1999 Plan - Michael Laupper, Dov Maor and Erwin Zimmerli, 41,000, 20,000 and 30,000 options respectively and (b) from the 2000 Plan - Ruedi G. Laupper, Josef Laupper
, Ueli Laupper and Michael Laupper, 350,000, 100,000, 250,000 and 209,000 options respectively.
...$475,875/0 Josef Laupper
The Board of Directors, the members of which are Ruedi G. Laupper, Josef Laupper
, Ueli Laupper, Erwin Zimmerli and Dov Maor, has furnished the following report on executive compensation: To: The Stockholders of SWISSRAY International, Inc.
The employment agreements for Ruedi Laupper
, Josef Laupper
, Ueli Laupper and Michael Laupper set salary levels which attempt to adequately compensate these individuals with salaries that are commensurate with their abilities and are comparable to those paid by competitors within the industry.