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velcro

01/24/17 12:54 PM

#2998 RE: gjervis #2997

From the 2015 Annual Report: "We believe that our Board should be composed of individuals with sophistication and experience in many substantive areas that impact our business. We believe that experience, qualifications, or skills in the following areas are most important: regulatory and government affairs; accounting and finance; design, innovation and engineering; strategic planning; human resources and development practices; and board practices of other corporations. These areas are in addition to the personal qualifications described in this section. We believe that all of our current Board members possess the professional and personal qualifications necessary for board service, and have highlighted particularly noteworthy attributes for each Board member in the individual biographies below. In addition, length of service on our Board has provided several directors with significant exposure to both our business and our industry in which we compete."
LOOKING FOR GREAT NEWS IN THE 2016 ANNUAL REPORT.
There are only 4 Board Of Director members: Paul Casner, Thomas Lynch, Thomas Meaney, and Tom Schaffnit.
Pres. Meaney gave credit to Henry Silcock for developing the 1 year plan for improving common stock value. That's curious because Silcock is not on the Board, but the Board obviously approved it having given up their Preferred Shares. Again, looking for great news in the 2016 Annual Report. The Board has given up Preferred Dividend income for the same hope of all common stockholders. Don't know when the Board meets.