www.sec.gov/Archives/edgar/data/19913/0000950136-07-008 -
[Cached Version]
Published on: 12/17/2007
Last Visited: 8/8/2008
The Board of Directors has nominated Richard R. Schreiber, Steven G. Park and Peter D. Schreiber for election as the Company's directors.
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Richard R. Schreiber
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Richard R. Schreiber has served as interim President since 2002 and as a member of the Board of Directors since 1999.Mr. Schreiber has been a principal of Dimeling, Schreiber & Park, a private investment partnership that makes equity investments in a broad range of middle market companies since 1982.He is active in the negotiating, purchasing and structuring of the acquisition financing of Dimeling, Schreiber & Park's investments.Mr. Schreiber is brother to Peter D. Schreiber, a member of the Board of Directors.
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Mr. Schreiber is brother to Richard R. Schreiber, interim President and member of the Board of Directors.
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For the purposes of compliance with applicable securities rules, the following describes the independence standards required by a national securities exchange, the Nasdaq Stock Market, Inc. and assesses whether our directors and director nominees, Richard R. Schreiber, Steven G. Park, and Peter D. Schreiber would be considered to be independent directors under Nasdaq's independence standards.
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None of Mr. Richard Schreiber, Mr. Park nor Mr. Peter Schreiber is independent under Nasdaq standards.
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In addition, Mr. Peter Schreiber's brother, Richard R. Schreiber, was an executive officer of the Company during the preceding three years.In addition, Nasdaq requires that all members of the audit, nominating and compensation committees of the board of directors be independent.The Company does not have an audit, nominating or compensation committee at this time.The functions generally performed by these committees are carried out by Mr. Richard Schreiber and Mr. Park.
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Richard R. Schreiber
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Richard R. Schreiber
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Our directors and executive officers, Richard R. Schreiber and Steven G. Park, are Reporting Persons who must file reports of ownership and changes in ownership.
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Also, Mr. Schreiber and Mr. Park each were required to file filed a Form 3 at that time.
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In December 1999, Mr. Schreiber was a director of the Company and a general partner in Dimeling, Schreiber & Park.
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Schreiber and Park were also required to file Form 4s.
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Schreiber and Park were required to file a Form 4 at that time.
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Mr. Schreiber received an option to purchase 60,000 shares of common stock on June 11, 2001.
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These option grants were required to be reported by each of Mr. Schreiber and Mr. Park on Form 4 at that time.