Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (1510)	4/18/1998 5:22:00 PM
From: esecurities(tm)	Read Replies (2) \| Respond to of 2443

Kent Koski [conspicuously] is missing from this year's Proxy. Why? Shareholder Opinion and Analysis. Fiscal 1996 Executive Officers. Kent E. Koski, 53, Vice President, Finance and Administration, Chief Financial Officer and Secretary. Summary Compensation Table* Kent E. Koski, Salary 1996 90,000 Bonus $25,956 (1) Long-term compensation awards (securities underlying options) 49,440 (2) (1) Cash bonuses are paid to executive officers of the Company based upon their individual contributions to the Company and the Company's overall performance. Bonuses for a given year are paid in the first quarter of the following year. (2) Includes replacement options granted upon surrender of options granted in 1995. "Repricings of Options". Option Grants in 1996 Kent E. Koski 41,200(1)(2); Percent of Total Options Granted 13.8%; Exercise price per share $4.73/share(3); Expiration Date 2/14/06; and another 8,240 shares representing 2.8% of options granted at an exercise price of $5.34 expiring on 5/21/06. (1) Options may terminate before their expiration dates if the optionee's status as an employee or director is terminated. (2) Includes replacement options granted upon surrender of options granted in 1995. "Repricings of Options". (3) Based on the closing prices of the Common Stock as reported on The Nasdaq National Market on the respective grant dates. Aggregate Option Exercises in 1996 Kent E. Koski Number of shares subject to unexercised options at December 31, 1996 49,440. Ten-Year Option Repricings Kent E. Koski 2/13/96 41,200 shares repriced to $4.733 from $8.616, with 9 years, 3 months remaining on option term at date of repricing. Security Ownership Of Certain Beneficial Owners And Managment. Kent E. Koski 14,935 shares beneficially owned (1). (1) Includes 2,575 shares beneficially owned with spouse and 12,360 shares subject to options exercisable within 60 days after March 28, 1997. Excludes 46,350 shares subject to options exercisable more than 60 days after March 28, 1997. Fiscal 1997 Executive Officers Kent E. Koski, 54, Vice President, Finance and Administration, Chief Financial Officer and Secretary Summary Compensation Table Kent Koski's name does not appear. Option Grants in 1997 Kent Koski's name does not appear. Aggregate Option Exercises in 1997. Kent Koski's name does not appear. Security Ownership Of Certain Beneficial Owners And Managment. Kent Koski's name does not appear. *Note: Stephen A. Aanderud, Frank M Bouton, G. Edward Brightman, Robert D. Martin, and ROnald J. Resnick were also designated as Executive Oficers (in addition to receiving salary, bonuses, option grants and repricings pursuant to the above) and as specified in TMSRs Fisal 1996 SEC FORM DEF/14A; Same for 1997 except the addition of David K. Bergeson. Q: Why wasn't Kent Koski, the Vice President, Finance and Administration, Chief Financial Officer and Secretary of ThrustMaster (NASDAQ:TMSR) designated within SEC FORM DEF/14A for fiscal 1997 ending 31 December 1997 pursuant to the above?