directors, consisting of Scott Perekslis and Ronald C. Whitaker
, are currently serving under a term that will expire at the Annual Meeting of Stockholders in 2006.
...Ronald C. Whitaker, age 57, has served as a Director of the Company since October 2000.Mr. Whitaker has been President and CEO of Hyco International, Inc. (an industrial equipment manufacturer) since January 2003.He was President and CEO of Strategic Distribution Inc. (a supply chain management company) from September of 2000 through December 2002.Prior to joining SDI, he was an Operating Partner with Pegasus Investors (a private equity funds group) from 1999 to 2000.
Previous operational positions held by Mr. Whitaker
include President and CEO of Johnson Worldwide Associates
(a sporting goods manufacturer) from 1996 to 1999, President and CEO of EWI, Inc.
(an automotive tier 1 supplier) from 1995 to 1996, Chairman, President and CEO of Colt's
Manufacturing Company (a designer and producer of military firearms) from 1992 to 1995, and President and CEO of Wheelabrator Corporation
(an industrial equipment manufacturer).In addition to Strategic Distribution Inc., he served on the Board of Directors of Weirton Steel Corporation and Precision Navigation, Inc., and was a member of the Board of Trustees for The College of Wooster.Mr. Whitaker is a member of the Audit Committee of the Board of Directors.
The Company has an audit committee comprised of Darrell Oyer and Ronald Whitaker
Based on its review of the listing standards for the Nasdaq Stock Market, Inc. governing audit committee membership
, the Board does believe that both Mr. Oyer and Mr. Whitaker
are "independent" within the meaning of such rules.