Roger H. GoodspeedDirector
...Roger H. Goodspeed became a director of our company in May 1998
.He is also a Managing Director of Lehman Brothers
.He joined Lehman Brothers in 1974 and became a Managing Director in 1984
.During his tenure at Lehman Brothers , he has served in management positions for several different groups
.In 1994 , he became the original Chairman of Citizens Lehman Power , an electric power marketing joint venture 50 % -owned by Lehman Brothers , and continued in that role until the joint venture was sold to The Energy Group in 1997 and changed its name to Citizens Power
.Mr. Goodspeed received an MBA from the Anderson School at the University of California , Los Angeles
has been designated as a Class I director ; Messrs.Whiting and Lentz have been designated as Class II directors ; and Messrs.Engelhardt and Washkowitz have been designated as Class III directors.In addition , our certificate of incorporation and by-laws provide that directors may be removed only for cause and only upon the affirmative vote of holders of at least 75 % of the voting power of all the outstanding shares of stock entitled to vote generally in the election of directors , voting together as a single class.There are no family relationships among any of our directors and executive officers.SECTION 16 ( A ) BENEFICIAL OWNERSHIP REPORTING COMPLIANCESection 16 ( a ) of the Securities Exchange Act of 1934 requires our executive officers , directors and persons who own beneficially more than 10 % of our common stock to file with the SEC initial reports of ownership and reports of changes in ownership of our common stock and other equity securities.