Dex One Corporation (DEXO)

[bradford86]

Paulson & Co. Inc.
John Slater has served as a director of SuperMedia since January 21, 2010. Mr. Slater was nominated by Paulson, pursuant to a standstill agreement between SuperMedia and Paulson, to serve on the SuperMedia board of directors. He currently serves as a senior vice president at Paulson & Co. Inc. According to a Schedule 13D filed by Paulson on January 11, 2010, Paulson reported that it beneficially owned 2,607,506 shares of common stock of SuperMedia, or approximately 16.8% of SuperMedia’s outstanding common stock. According to a Schedule 13D filed by Paulson on February 14, 2011, Paulson reported that it beneficially owned 3,676,394 shares of common stock of Dex One, or approximately 7.35% of Dex One’s outstanding common stock. Mr. Slater abstained from the vote of the SuperMedia board of directors to approve the transaction. In addition, Mr. Slater is currently employed by Paulson, a significant holder of common stock and senior indebtedness of SuperMedia, and the consummation of the transaction may be a material factor in determining discretionary compensation he may be paid by Paulson. Mr. Slater served as a member of the unofficial steering committee of SuperMedia’s secured lenders that negotiated the terms of the financing amendments.