Julian C. SchroederDirector
, Gray, and Ross are all of VERSUS TECHNOLOGY INC's
(5) Of these shares, 1,200,000 are acquirable on conversion of a debenture held by Mr. Schroeder
, and 720,000 shares are acquirable currently or within 60 days by Mr. Schroeder
upon exercise of outstanding options issued by Versus
. (6) This total includes 21,691,535 shares acquirable currently or within 60 days under outstanding warrants, options, and convertible debentures.
The following table sets forth equity compensation plan information as of October 31, 2002: Plan Category
...The Board has established a Compensation Committee, presently consisting of Mr. Ross, Chairman, Mr. Gray, and Mr. Schroeder, which administers the Company's stock option plans and reviews employee compensation and benefits.
...The Board also has established an Audit Committee, presently consisting of Mr. Schroeder, Chairman, Mr. Gray, and Mr. Ross.
...The Board also has established an Executive Committee, presently consisting of Mr. Gray, Chairman, Mr. Gaisser, Mr. Ross, and Mr. Schroeder, which oversees all of the Board's functions on a more frequent basis, reviews, designs, and adopts Versus' strategy, and oversees and pursues the implementation of that strategy.
...The Board of Directors presently consists of Gary T. Gaisser, David L. Gray, James D. Ross, Esq., and Julian C. Schroeder.
...Gaisser, Gray, Ross, and Schroeder to serve on the Board for terms of one year or until their successors are elected and qualified.
...Julian C. SchroederDirector, President and Chief Executive Officer
...Julian Schroeder has served as a Director of Versus since August 1994.Since May 2000, Mr. Schroeder has been a principal and founding partner of Credit Renaissance Partners, LLC, a firm engaged in investment management.From March 1997 through April 2000, Mr. Schroeder served as the Director of International Fixed Income Research at Schroder & Co., Inc., a registered broker-dealer.
...THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR APPROVAL OF THE ELECTION OF GARY T. GAISSER, DAVID L. GRAY, JAMES D. ROSS, ESQ., AND JULIAN C. SCHROEDER.
...In February 2002, Mr. Julian C. Schroeder, a Director of Versus, acquired a Series A Debenture with a face value of $100,000 from an independent Debenture holder in an arm's-length transaction.
Gray, Gaisser, and Schroeder
, exchanged their Series A Debentures and cash for Series A and Series B Debentures as follows:
...$ 50,000 $ 25,000 $ 75,000 - Julian C. Schroeder $ 100,000 $ 50,000 $ 150,000 -