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Technology Stocks : Trimble Navigation
TRMB 78.90-2.0%3:59 PM EST

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To: Edward Goldstein who wrote (2661)8/3/1998 11:01:00 PM
From: Edward Goldstein  Read Replies (2) of 3506
 
With respect to some of the posts commenting on analysts asking about expanding the 5 person board, a provide you with the following info on the longevity of the "fabulous 5"

Trimble and Goodrich (Lawyer)since 1981
Hart (Technology Partners)and Parkison (Stanford Professor)since 1984
Cooper (CEO Atlantic Aerospace) since 1989

This insular five person board needs new blood.

Other tidbits.....
The board met 10 times during 1997.
The compensation committee is Cooper and Goodrich
Parkison also serves as a Trimble consultant at $4,750 per month
During '97 all but Trimble received 5k options each @ $12.50 p/s

Also, the deadline for shareholder proposals for the 1999 meeting is December 5th. Is anyone familiar with what needs to be done to propose expanding the board to 7 from the current 5. All directors and Executive Officers only own 10.8% so they shouldn't be able to put up much resistance. But, how is the proposal initiated?
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