Here are the people and their backgrounds who we will be asked to vote for as management and directors:
Director
of the
Company Principal Occupation and
Name Since Office Business Experience
---- -------- ------ ------------------------
<S> <C> <C> <C>
Stanford R. Ovshinsky 1960 President, Chief Mr. Ovshinsky, 76, the founder and Chief
Executive Officer Executive Officer of the Company, has been an
and Director executive officer and director of the Company since
its inception in 1960. Mr. Ovshinsky is the primary
inventor of the Company's technology. Mr.
Ovshinsky also serves as: the Chief Executive
Officer and director of Ovonic Battery Company,
Inc. ("Ovonic Battery"); President, Chief Executive
Officer and director of United Solar Systems Corp.
("United Solar"); a member of the Board of
Managers of GM Ovonic L.L.C. ("GM Ovonic"); and
Co-Chairman of the Board of Directors of Sovlux
Co. Ltd. ("Sovlux"). Mr. Ovshinsky is the husband
of Dr. Iris M. Ovshinsky.
Iris M. Ovshinsky 1960 Vice President Dr. Ovshinsky, 71, co-founder and Vice President
and Director of the Company, has been an executive officer and
director of the Company since its inception in 1960.
Dr. Ovshinsky also serves as a director of Ovonic
Battery. Dr. Ovshinsky is the wife of Stanford R.
Ovshinsky.
-3-
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C>
Robert C. Stempel 1995 Chairman of the Mr. Stempel, 65, is Chairman of the Board and
Board, Executive Executive Director of the Company. Prior to his
Director and election as a director in December 1995, Mr.
Director Stempel served as senior business and technical
advisor to Mr. Ovshinsky. He is also the Chairman
of Ovonic Battery and serves on the Board of
Managers of GM Ovonic. From 1990 until his
retirement in 1992, he was the Chairman and Chief
Executive Officer of General Motors Corporation.
Prior to serving as Chairman, he had been
President since 1987. Mr. Stempel serves on the
Audit Committee of the Board.
Kenneth R. Baker 1999 Vice Chairman Mr. Baker, 51, prior to joining the Company in January
and Director 1999 as its Vice Chairman, held a variety of positions
with General Motors Corporation ("GM") from 1985-1999,
including Vice President and General Manager of GM's
Distributed Energy Business Unit (1998-1999); Vice
Vice President, GM R&D (1993-1998); Program Manager,
GM Electric Vehicles (1990-1993). Mr. Baker is a director
of AeroVironment, Inc.
Nancy M. Bacon 1977 Senior Vice Mrs. Bacon, 52, joined the Company in 1976 as its
President Vice President of Finance and Treasurer. She
and Director became the Senior Vice President of the Company
in 1993. Mrs. Bacon also serves on the Board of
Directors of Sovlux and United Solar.
Umberto Colombo 1995 Director Prof. Colombo, 71, is Chairman of the Scientific
Councils of the ENI Enrico Mattei Foundation and
of the Instituto Per l'Ambiente in Italy. He was
Chairman of the Italian National Agency for New
Technology, Energy and the Environment until
1993 and then served as Minister of Universities
and Scientific and Technological Research in the
Italian Government until 1994. Prof. Colombo is
also active as a consultant in international science
and technology policy institutions related to
economic growth.
Hellmut Fritzsche 1969 Vice President Dr. Fritzsche, 71, was a professor of Physics at the
and Director University of Chicago from 1957 until his retirement
in 1996. He was also Chairman of the Department
of Physics, the University of Chicago, until 1986.
Dr. Fritzsche has been a Vice President of the
Company since 1965, acting on a part-time basis,
chiefly in the Company's research and product
development activities.
-4-
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C>
Joichi Ito 1995 Director Mr. Ito, 32, is President of Digital Garage, KK and
Transoceanic Ventures, Inc. as well as a board
member of PSINet Japan, KK. He is an expert on
new computer technology and networked
information systems and writes and lectures
extensively in the United States, Japan and
Europe. Mr. Ito serves as a director and consultant
to many companies in the field of information
technology.
Seymour Liebman 1997 Director Mr. Liebman, 49, currently Executive Vice
President and General Counsel at Canon U.S.A.,
Inc., has held a variety of positions with Canon
since 1974, including Senior Vice President and
General Counsel from 1992-1996. Mr. Liebman
also serves on the Board of Directors of United
Solar. He is a director of Zygo Corporation.
Tyler Lowrey 1999 Vice President Mr. Lowrey, 45, prior to joining the Company in
and Director January 1999 as a Vice President, held a variety
of positions with Micron Technology Inc. (Micron)
from 1984-1997, including Vice Chairman, Chief
Technology Officer, Chief Operating Officer and
Vice President, R&D. While at Micron, Mr. Lowrey
was responsible for DRAM, SRAM, Flash and RFID product
development as well as heading up all manufacturing
operations, DRAM design, QA and R&D Process Fab.
Walter J. McCarthy, Jr. 1995 Director Mr. McCarthy, 73, until his retirement in 1990, was
the Chairman and Chief Executive Officer of Detroit
Edison Company. He has served as a consultant
to the Company since 1990. Until 1995, Mr.
McCarthy also served on the Boards of Comerica
Bank, Detroit Edison Company and Federal-Mogul
Corporation. He is a member of the National
Academy of Engineering. Mr. McCarthy serves as
Chairman of the Compensation Committee and on
the Audit Committee of the Board.
Florence I. Metz 1995 Director Dr. Metz, 69, until her retirement in 1996, held
various executive positions with Inland Steel Company:
General Manager, New Ventures, Inland Steel Company
(1989-1991); General Manager, New Ventures, Inland
Steel Industries (1991-1992) and Advanced Graphite
Technologies (1992-1993); Program Manager for Business
and Strategic Planning at Inland Steel (1993-1996).
Dr. Metz also serves on the Board of Directors of
Ovonic Battery. She serves on the Compensation
Committee of the Board.
-5-
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C>
Nathan J. Robfogel 1990 Director Mr. Robfogel, 63, was, until his retirement in 1996,
a partner with the law firm of Harter, Secrest & Emery,
which he joined in 1959. Mr. Robfogel is currently
Vice President for University Relations of the Rochester
Institute of Technology where he was a trustee from
1985-1996. He is a member of the Board of Directors
of Genesee Valley Trust Company and Rochester Community
Baseball, Inc. After serving for 12 years as a trustee
of Monroe Community College, he was elected an Honorary
Trustee. From 1989 to 1995, Mr. Robfogel served as
Chairman of the Board and Chief Executive Officer of
the New York State Facilities Development Corporation,
a public benefit corporation.
Stanley K. Stynes 1977 Director Dr. Stynes, 67, was Dean of the College of
Engineering at Wayne State University from 1970
to August 1985, and a Professor of Engineering at
Wayne State University from 1985 until his
retirement in 1992. He has been involved in
various administrative, teaching, research and
related activities. Dr. Stynes serves as Chairman
of the Audit Committee of the Board. |
