Board Committees
Audit Committee
Elwood D. Howse, Jr. (Chair)
Elliott H. Jurgensen, Jr. (Audit Committee financial expert)
Scott E. Land
The Audit Committee meets once per quarter at a minimum.
Compensation Committee
Elliott H. Jurgensen, Jr. (Chair)
William D. Savoy
The Compensation Committee meets periodically during the year as necessary.
Strategic Growth Committee
William D. Savoy (Chair)
Scot E. Land
Kendra A. VanderMeulen
The Strategic Growth Committee has no formal charter. The Committee was formed in 2004 to assist management of the Company with the formulation of strategic growth strategies
IPO Litigation Committee
Elliott H. Jurgensen, Jr. (Chair)
Elwood D. Howse, Jr.
As previously disclosed in the Company’s filings with the SEC, the Company, and certain of its current and former officers and directors, were named as defendants in a consolidated class action lawsuit alleging violations of the federal securities laws in connection with the Company’s initial public offering.
The IPO Litigation Committee meets periodically, as necessary.
Nominating Committee
Given the small size of the Company, the Board of Directors has determined that nomination responsibilities should be handled by the independent members of Board of Directors rather than by a separate nomination committee and therefore has not adopted a nominating committee charter.