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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
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Table of Contents
President and Chief Executive Officer
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• | Take the North exit from the airport | |
• | East on I-635 (Lyndon B. Johnson Freeway) | |
• | Exit at Coit Road, turning North (left) onto Coit | |
• | Turn left at first intersection onto Alpha Road | |
• | Hotel entrance is on the left before junction with Blossomheath Road |
• | North on North Central Expressway (U.S. 75) | |
• | Exit at Coit Road (exit passes over U.S. 75 and joins Coit) | |
• | Continue North on Coit until you cross over I-635 (Lyndon B. Johnson Freeway) | |
• | Turn left at first intersection onto Alpha Road | |
• | Hotel entrance is on the left before junction with Blossomheath Road |
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5429 LBJ Freeway
Suite 230
Dallas, Texas 75240
United States Lime & Minerals, Inc.:
President and Chief Executive Officer
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Name and Address | Number of Shares | Percent | ||||||
of Beneficial Owner | Beneficially Owned(2) | of Class(2) | ||||||
Inberdon Enterprises Ltd. | 3,594,033 | 57.69 | % | |||||
1020-789 West Pender Street Vancouver, British Columbia Canada V6C 1H2(1) | ||||||||
Robert S. Beall | 674,997 | 10.84 | % | |||||
5300 Miramar Lane Colleyville, Texas 76034 |
(1) | Inberdon Enterprises Ltd. is principally engaged in the acquisition and holding of securities of aggregate producing companies located in North America. All of the outstanding shares of Inberdon are held, indirectly through a number of private companies, by Mr. George M. Doumet. | |
(2) | In the case of Inberdon, based on our records as of March 23, 2007. In the case of Robert S. Beall, based on his Schedule 13G filed on October 9, 2006 reporting his beneficial ownership as of that date. Assuming Mr. Beall continued to own 674,997 shares on March 23, 2007, such shares would represent 10.84% of the class as of such date. |
Number of Shares | Percent | |||||||
Name | Beneficially Owned(1) | of Class | ||||||
Timothy W. Byrne | 121,845 | (2)(3)(4) | 2.58 | % | ||||
Richard W. Cardin | 8,533 | (3) | (6 | ) | ||||
Antoine M. Doumet | 8,000 | (3)(5) | (6 | ) | ||||
Wallace G. Irmscher | 14,408 | (3) | (6 | ) | ||||
Edward A. Odishaw | 4,000 | (3) | (6 | ) | ||||
Johnney G. Bowers | 19,337 | (2)(3) | (6 | ) | ||||
Billy R. Hughes | 71,883 | (2)(3)(4) | 1.13 | % | ||||
M. Michael Owens | 16,526 | (3)(4) | (6 | ) | ||||
Russell W. Riggs | 4,000 | (3)(4) | (6 | ) | ||||
All Directors and Executive Officers as a Group (9 persons) | 268,532 | (2)(3)(4) | 4.22 | % |
(1) | All shares are directly held with sole voting and dispositive power unless otherwise indicated. | |
(2) | Includes 6,845, 493, and 3,860 shares allocated to Messrs. Byrne, Bowers, and Hughes, respectively, under our 401(k) plan. | |
(3) | Includes the following shares subject to stock options exercisable within the next 60 days granted under our 1992 Stock Option Plan, as Amended and Restated (“1992 plan”), or our 2001 Long-Term Incentive Plan (“2001 plan”): Mr. Byrne, 57,500; Mr. Cardin, 2,000; Mr. Doumet, 8,000; Mr. Irmscher, 2,000; Mr. Odishaw, 4,000; Mr. Bowers, 14,833; Mr. Hughes, 30,000; Mr. Owens, 8,500; and Mr. Riggs, 2,500. | |
(4) | Includes the following shares of restricted stock granted under our 2001 plan: Mr. Byrne, 7,500; Mr. Hughes, 500; Mr. Owens, 900; and Mr. Riggs, 1,500. | |
(5) | The named individual is the brother of Mr. George M. Doumet, who indirectly owns all of the outstanding shares of Inberdon. | |
(6) | Less than 1%. |
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WHO ARE NOT DIRECTORS
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• | Our Executive Committee is composed of Messrs. Doumet (Chairman), Odishaw and Byrne. Within the policy and strategic direction provided by the Board, the Executive Committee may exercise all of the powers of the Board, except those required by law, regulation or NASDAQ listing standards to be exercised by the full Board, or another committee of the Board, and is required to report to the Board on all matters considered and actions taken since the last meeting of the full Board. | |
• | Our Nominating and Corporate Governance Committee (the “Nominating Committee”) is composed of Messrs. Doumet (Chairman), Cardin, Odishaw and Irmscher, each of whom is an independent director. The primary purposes of the Nominating Committee are to identify and recommend individuals to serve as members of the Board, to recommend to the Board the duties, responsibilities, and members of each committee, and to assist the Board with other matters to ensure effective corporate governance, including making independence and other determinations related to director qualifications. The Nominating Committee is responsible for establishing the Board’s procedures for consideration of director nominees from shareholders and the Board’s process for shareholder communications with the directors. The Nominating Committee will consider qualified candidates for nomination for election to the Board recommended by our directors, officers and shareholders. In considering all such candidates, the Nominating Committee will take into account the candidate’s qualifications and the size, composition and needs of the Board, in the following areas of experience, judgment, expertise, and skills: our industries; accounting and finance; business judgment; management; leadership; business strategy; risk management; and corporate governance. All candidates should have a reputation for integrity, have experience in positions with a high degree of responsibility, be leaders in the companies, institutions, or professions with which they have been affiliated, and be capable of making a contribution to the company. Shareholders wishing to recommend a director candidate for consideration by the Nominating Committee should send all relevant information with respect to the individual to the chairman of the Committee in care of our Secretary. Shareholders and other interested persons who wish to contact the directors on other matters should contact our Secretary. Our Secretary, who may be contacted by mail at our corporate address or bye-mail atuslime@uslm.com, forwards communications to the director(s) as addressed in such communication. The Nominating Committee has adopted a written charter, which is available on our website located atwww.uslm.com. The Nominating Committee reviews and assesses the adequacy of its charter on an annual basis. | |
• | Our Audit Committee is composed of Messrs. Cardin (Chairman), Irmscher and Odishaw. Upon recommendation of the Nominating Committee, our Board has determined that each member of the Audit Committee is independent and meets the other qualification standards set by law, regulation and applicable NASDAQ listing standards. Based on his past education, employment experience, and professional certification in public accounting, the Board has determined that Mr. Cardin qualifies as an audit committee financial expert as defined by the Securities and Exchange Commission. The Audit Committee is directly |
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responsible for the appointment, compensation, retention and oversight of the work of our independent registered public accounting firm (“independent auditors”). The Audit Committee is also responsible for overseeing the administration of our Code of Business Conduct and Ethics, which is available on our website located atwww.uslm.com; reviewing and approving all related-party transactions; and administering our procedures for the receipt, retention, and treatment of complaints regarding accounting, internal accounting control and auditing matters and for the confidential anonymous submission by our employees of concerns regarding questionable accounting or auditing matters. Under our Code of Business Conduct and Ethics and our “whistleblower” procedures, proposed transactions with related persons and other transactions, arrangements or relationships involving a director or executive officer that may involve potential conflicts of interest are to be submitted in advance to the Audit Committee for its review and approval, with any involved director or executive officer playing no role in the investigation and consideration of the matter. In considering whether to approve any such related-party transaction, including with Inberdon or Mr. Beall or their affiliates, the Committee would consider whether the transaction was in the best interests of the company and all of its shareholders; whether the same or a similar transaction were available to the company from unrelated third parties on equal or better terms; and whether the terms of the related-party transaction were negotiated at arms’-length and were at least as favorable to the company as any other reasonably available transaction from another party. Advice from independent advisors, including formal fairness opinions, would be sought where appropriate. The Audit Committee has adopted a written charter, which is available on our website located at www.uslm.com. The Audit Committee reviews and assesses the adequacy of the charter on an annual basis. The Report of the Audit Committee is set forth below. |
• | The Compensation Committee is composed of three independent directors, Messrs. Odishaw (Chairman), Irmscher and Doumet. The Compensation Committee is responsible for the evaluation, approval, and administration of salary, incentive compensation, bonuses, benefit plans, and other forms of compensation for our officers and directors. The Compensation Committee is responsible for administering the 1992 plan and the 2001 plan. The Report of the Compensation Committee is included on page 13. |
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Wallace G. Irmscher
Edward A. Odishaw
• | Base salaries for executive officers should be competitive. | |
• | A sufficient portion of annual compensation should be at risk in order to align the interests of executives with those of our shareholders. | |
• | The variable part of annual compensation should reflect both individual and corporate performance. | |
• | As a person’s level of responsibility increases, a greater portion of total compensation should be at risk and include more stock-based compensation to provide executives long-term incentives and help to align further the interests of executives and shareholders in the enhancement of shareholder value. |
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Shares of | ||||
Name | Restricted Stock | |||
Billy R. Hughes | 500 | |||
M. Michael Owens | 900 | |||
Johnney G. Bowers | 0 | |||
Russell W. Riggs | 1,500 |
Change in | ||||||||||||||||||||||||||||||||||||
Pension | ||||||||||||||||||||||||||||||||||||
Value and | ||||||||||||||||||||||||||||||||||||
Non- | ||||||||||||||||||||||||||||||||||||
Non-Equity | Qualified | |||||||||||||||||||||||||||||||||||
Incentive | Deferred | All | ||||||||||||||||||||||||||||||||||
Stock | Option | Plan | Compensation | Other | ||||||||||||||||||||||||||||||||
Name and Principal | Salary | Bonus | Awards | Awards | Compensation | Earnings | Compensation | Total | ||||||||||||||||||||||||||||
Position | Year | ($) | ($)(1) | ($)(2) | ($)(2) | ($)(3) | ($) | ($)(4) | ($) | |||||||||||||||||||||||||||
Timothy W. Byrne | 2006 | 275,000 | 150,000 | 0 | 118,810 | 275,000 | — | 38,451 | 857,261 | |||||||||||||||||||||||||||
President and Chief Executive Officer | ||||||||||||||||||||||||||||||||||||
Billy R. Hughes | 2006 | 167,114 | 40,000 | — | 16,366 | — | — | 3,370 | 226,850 | |||||||||||||||||||||||||||
Senior Vice President — Sales and Marketing | ||||||||||||||||||||||||||||||||||||
M. Michael Owens | 2006 | 129,083 | 30,000 | — | 18,365 | — | — | 4,972 | 182,420 | |||||||||||||||||||||||||||
Vice President and Chief Financial Officer | ||||||||||||||||||||||||||||||||||||
Johnney G. Bowers | 2006 | 153,633 | — | — | 3,882 | — | — | 4,159 | 161,674 | |||||||||||||||||||||||||||
Vice President — Manufacturing | ||||||||||||||||||||||||||||||||||||
Russell W. Riggs(5) | 2006 | 139,013 | 40,000 | — | 28,210 | — | — | 7,180 | 216,050 | |||||||||||||||||||||||||||
Vice President — Production |
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(1) | Reflects discretionary bonuses earned in 2006 and paid in 2007. | |
(2) | Reflects the dollar amount of expense recognized for financial reporting purposes in 2006 with respect to restricted stock and stock option awards in accordance with FSAS 123(R) and thus, in the case of option awards, includes amounts from awards granted in and prior to 2006. The method and assumptions used to determine the amount of expense recognized for options is set forth in Note 7 to our consolidated financial statements included in our annual report onForm 10-K. | |
(3) | Reflects Mr. Byrne’s EBITDA bonus earned in 2006 and paid in 2007. | |
(4) | Includes company contributions to the 401(k) plan, the value attributable to personal use of company-provided automobiles as included as compensation on each executive officer’sW-2 and, for Mr. Byrne, a $30,000 payment in lieu of our obligation to fund a life insurance or retirement arrangement. | |
(5) | Mr. Riggs began work with us in January 2006. |
All Other | All Other | |||||||||||||||||||||||||||||||||||||||||||
Stock | Option | |||||||||||||||||||||||||||||||||||||||||||
Awards: | Awards: | Exercise | Grant | |||||||||||||||||||||||||||||||||||||||||
Estimated Possible Payouts | Estimated Future Payouts | Number | Number of | or Base | Date Fair | |||||||||||||||||||||||||||||||||||||||
Under Non-Equity Incentive | Under Equity Incentive | of Shares | Securities | Price of | Value of | |||||||||||||||||||||||||||||||||||||||
Plan Awards | Plan Awards | of Stock | Underlying | Option | Stock and | |||||||||||||||||||||||||||||||||||||||
Grant | Threshold | Target | Maximum | Threshold | Target | Maximum | or Units | Options | Awards | Option | ||||||||||||||||||||||||||||||||||
Name | Date | ($) | ($) | ($) | (#) | (#) | (#) | (#) | (#) | ($/Sh) | Awards($) | |||||||||||||||||||||||||||||||||
Timothy W. | 100,000 | — | 275,000 | |||||||||||||||||||||||||||||||||||||||||
Byrne | 12/29/06 | — | — | — | — | — | — | 7,500 | — | — | 226,125 | |||||||||||||||||||||||||||||||||
12/29/06 | — | — | — | — | — | — | — | 7,500 | 30.15 | 79,725 | ||||||||||||||||||||||||||||||||||
Billy R. Hughes | 2/2/06 | — | — | — | — | — | — | — | 2,000 | 27.98 | 24,620 | |||||||||||||||||||||||||||||||||
M. Michael Owens | 2/2/06 | — | — | — | — | — | — | — | 3,000 | 27.98 | 36,930 | |||||||||||||||||||||||||||||||||
Johnney G. Bowers | 2/2/06 | — | — | — | — | — | — | — | 1,000 | 27.98 | 12,310 | |||||||||||||||||||||||||||||||||
Russell W. Riggs | 2/2/06 | — | — | — | — | — | — | — | 7,500 | 27.98 | 92,325 |
Option Awards | Stock Awards | |||||||||||||||
Number of Shares | Value Realized on | Number of Shares | Value Realized on | |||||||||||||
Name | Acquired on Exercise (#) | Exercise ($) | Acquired on Vesting (#) | Vesting ($) | ||||||||||||
Timothy W. Byrne | 40,000 | 1,157,900 | — | — | ||||||||||||
Billy R. Hughes | — | — | — | — | ||||||||||||
M. Michael Owens | 6,000 | 182,280 | — | — | ||||||||||||
Johnney G. Bowers | 5,000 | 141,850 | — | — | ||||||||||||
Russell W. Riggs | — | — | — | — |
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Option Awards | Stock Awards | |||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
Equity | Incentive | |||||||||||||||||||||||||||||||||||
Incentive | Plan | |||||||||||||||||||||||||||||||||||
Plan | Awards: | |||||||||||||||||||||||||||||||||||
Equity | Awards: | Market or | ||||||||||||||||||||||||||||||||||
Incentive | Number | Payout | ||||||||||||||||||||||||||||||||||
Plan | Number | of | Value of | |||||||||||||||||||||||||||||||||
Awards: | of | Market | Unearned | Unearned | ||||||||||||||||||||||||||||||||
Number | Shares | Value of | Shares, | Shares, | ||||||||||||||||||||||||||||||||
Number of | Number of | of | or Units | Shares or | Units or | Units or | ||||||||||||||||||||||||||||||
Securities | Securities | Securities | of Stock | Units of | Other | Other | ||||||||||||||||||||||||||||||
Underlying | Underlying | Underlying | That | Stock | Rights | Rights | ||||||||||||||||||||||||||||||
Unexercised | Unexercised | Unexercised | Option | Have | That Have | That | That Have | |||||||||||||||||||||||||||||
Options | Options | Unearned | Exercise | Option | Not | Not | Have Not | Not | ||||||||||||||||||||||||||||
(#) | (#) | Options | Price | Expiration | Vested | Vested | Vested | Vested | ||||||||||||||||||||||||||||
Name | Exercisable | Unexercisable | (#) | ($) | Date | (#) | ($) | (#) | ($) | |||||||||||||||||||||||||||
Timothy W. Byrne | 20,000 | — | — | 11.35 | 12/31/14 | 7,500 | (6) | 226,125 | — | — | ||||||||||||||||||||||||||
30,000 | — | 26.47 | 12/30/15 | |||||||||||||||||||||||||||||||||
7,500 | — | 30.15 | 12/29/16 | |||||||||||||||||||||||||||||||||
Billy R. Hughes | 12,000 | — | — | 7.00 | 2/20/08 | — | — | — | — | |||||||||||||||||||||||||||
10,000 | — | 8.00 | 11/17/09 | |||||||||||||||||||||||||||||||||
5,000 | — | 8.56 | 1/30/14 | |||||||||||||||||||||||||||||||||
1,000 | 1,000 | (1) | 13.16 | 2/3/15 | ||||||||||||||||||||||||||||||||
— | 2,000 | (2) | 27.98 | 2/2/16 | ||||||||||||||||||||||||||||||||
M. Michael Owens | 3,000 | 1,500 | (3) | — | 8.56 | 1/30/14 | — | — | — | — | ||||||||||||||||||||||||||
1,500 | 3,000 | (4) | 13.16 | 2/3/15 | ||||||||||||||||||||||||||||||||
— | 3,000 | (5) | 27.98 | 2/2/16 | ||||||||||||||||||||||||||||||||
Johnney G. Bowers | 3,000 | — | — | 7.00 | 2/20/08 | — | — | — | — | |||||||||||||||||||||||||||
10,000 | — | 8.00 | 11/17/09 | |||||||||||||||||||||||||||||||||
1,000 | 500 | (3) | 8.56 | 1/30/14 | ||||||||||||||||||||||||||||||||
— | 1,000 | (5) | 27.98 | 2/2/16 | ||||||||||||||||||||||||||||||||
Russell W. Riggs | — | 7,500 | (5) | — | 27.98 | 2/2/16 | — | — | — | — |
(1) | These options vested on February 3, 2007. | |
(2) | These options vested 50% on February 2, 2007 and will vest 50% on February 2, 2008. | |
(3) | These options vested on January 30, 2007. | |
(4) | These options vested 50% on February 3, 2007 and will vest 50% on February 3, 2008. | |
(5) | These options vested 331/3% on February 2, 2007 and will vest 331/3% on each of February 2, 2008 and February 2, 2009. | |
(6) | These shares of restricted stock will vest 50% on June 29, 2007 and 50% on December 29, 2007. |
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Number of Shares | ||||||||||||
Number of Shares to be Issued | Weighted Average Exercise | Remaining | ||||||||||
Upon Exercise of Outstanding | Price of Outstanding Options, | Available for | ||||||||||
Plan Category | Options, Warrants and Rights | Warrants and Rights | Future Issuance | |||||||||
Equity compensation plans approved by security holders | 234,117 | $ | 14.62 | 97,750 | ||||||||
Equity compensation plans not approved by security holders | — | — | — | |||||||||
Total | 234,117 | $ | 14.62 | 97,750 |
• | salary through the date of termination; | |
• | stock-based compensation in which he has vested; and | |
• | unused vacation pay. |
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Involuntary | ||||||||||||||||
Voluntary | Termination | |||||||||||||||
Termination | without | Termination | ||||||||||||||
without Change | Change in | Death or | with Change in | |||||||||||||
in Control | Control | Disability | Control | |||||||||||||
Employee | ($) | ($) | ($) | ($) | ||||||||||||
Timothy W. Byrne | ||||||||||||||||
Severance(1) | — | (2) | 700,000 | — | 1,400,000 | |||||||||||
Accelerated Vesting of Stock-Based Awards(3) | — | — | 226,125 | 226,125 | ||||||||||||
Billy R. Hughes | ||||||||||||||||
Severance(1) | — | 171,000 | — | 171,000 | ||||||||||||
Accelerated Vesting of Stock-Based Awards(3) | — | — | — | — | ||||||||||||
M. Michael Owens | ||||||||||||||||
Severance(1) | — | — | — | — | ||||||||||||
Accelerated Vesting of Stock-Based Awards(3) | — | — | — | — | ||||||||||||
Johnney G. Bowers | ||||||||||||||||
Severance(1) | — | 77,150 | — | 77,150 | ||||||||||||
Accelerated Vesting of Stock-Based Awards(3) | — | — | — | — | ||||||||||||
Russell W. Riggs | ||||||||||||||||
Severance(1) | — | — | — | — | ||||||||||||
Accelerated Vesting of Stock-Based Awards(3) | — | — | — | — |
(1) | The estimated severance payments are based on base salaries at December 31, 2006 and, in the case of Mr. Byrne, his total cash bonus received for 2006. Does not include, in the case of Mr. Byrne, any proportional EBITDA bonus to which he may be entitled for the year of termination if termination occurs in the second half of the year. | |
(2) | Does not include severance payment of two months’ base salary which Mr. Byrne would be entitled to if he gave us three months’ notice. | |
(3) | The estimated value of accelerated vesting of stock-based awards is based on the nonvested options and shares of restricted stock held by each executive officer on December 31, 2006 and the closing per share market price of our common stock on that date. |
Antoine M. Doumet
Wallace G. Irmscher
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Annual Retainer | $ | 15,000 | ||
Daily Meeting Fee | $ | 1,000 | ||
Telephonic Meeting Fee | $ | 500 | ||
Additional Annual Retainers: | ||||
Audit Committee Chairman | $ | 12,000 | ||
Compensation Committee Chairman | $ | 5,000 |
Change in | ||||||||||||||||||||||||||||
Pension Value | ||||||||||||||||||||||||||||
and | ||||||||||||||||||||||||||||
Fees | Nonqualified | |||||||||||||||||||||||||||
Earned | Non-Equity | Deferred | ||||||||||||||||||||||||||
or Paid | Stock | Option | Incentive Plan | Compensation | All Other | |||||||||||||||||||||||
in Cash | Awards | Awards(1) | Compensation | Earnings | Compensation | Total | ||||||||||||||||||||||
Name | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||
Richard W. Cardin | 42,000 | — | 30,980 | — | — | — | 72,980 | |||||||||||||||||||||
Antoine M. Doumet | 27,500 | — | 30,980 | — | — | — | 58,480 | |||||||||||||||||||||
Wallace G. Irmscher | 36,550 | — | 30,980 | — | — | — | 67,530 | |||||||||||||||||||||
Edward A. Odishaw | 35,000 | — | 30,980 | — | — | — | 65,980 |
(1) | Reflects the dollar amount recognized for financial reporting purposes for 2006 in accordance with FSAS 123(R), which equates to the fair value of the immediately vested option awards on the date of grant. The method and assumptions used to determine the amount of expense recognized for options is set forth in Note 7 to our consolidated financial statements. As of December 31, 2006, each director had the following number of options outstanding: Mr. Cardin, 2,000; Mr. Doumet, 8,000; Mr. Irmscher, 2,000; and Mr. Odishaw, 4,000. |
2006 | 2005 | |||||||
Audit | $ | 204,847 | $ | 209,000 | ||||
Audit-Related | 20,489 | 16,500 | ||||||
Tax | — | — | ||||||
Total | $ | 225,336 | $ | 225,500 |
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President and Chief Executive Officer
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000004 | 000000000.000 ext 000000000.000 ext 000000000.000 ext | |||||
MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 ADD 5 ADD 6 | Least Address Line | 000000000.000 ext 000000000.000 ext 000000000.000 ext 000000000.000 ext C 1234567890 J N T | ||||
o | Mark this box with an X if you have made changes to your name or address details above. |
A | Election of Directors |
For All | Withhold All | For All Except | |||||
01-T. W. Byrne,02-R. W. Cardin, | o | o | o | ||||
03-A. M. Doumet,04-W. G. Irmscher, | |||||||
05-E.A. Odishaw |
(Except nominee(s) written above.)
In their discretion, the proxies are authorized to vote
upon such other business as may properly be brought
before the Annual Meeting or any adjournment thereof.
B | Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed. |
Signature 1 - Please keep signature within the box | Signature 2 - Please keep signature within the box | Date (mm/dd/yyyy) | ||
/ / |
n | 0 0 7 8 8 0 | 1 U P X | C O Y | + |
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Proxy Solicited on Behalf of the Board of Directors
You are encouraged to record your vote on the following items of business to be brought before the Annual Meeting, but you need not mark any box if you wish to vote in accordance with the Board of Directors’ recommendation. The proxies cannot vote your shares unless you sign, date, and return this Proxy Card. Remember, you can revoke this Proxy Card and vote in person by attending the Annual Meeting, or by submitting to the Company prior to the Annual Meeting, a written notice of revocation.
YOUR VOTE IS IMPORTANT! PLEASE MARK, SIGN, AND DATE THIS PROXY CARD AND RETURN IT PROMPTLY IN THE ACCOMPANYING ENVELOPE.
(Continued and to be signed on reverse side.)