AEPI » Topics » Election of Directors.

This excerpt taken from the AEPI DEF 14A filed Feb 23, 2010.


The Board currently consists of 10 members serving three-year staggered terms. In February 2010, the Board determined to increase the size of the Board from nine directors to 10 directors and appointed Daniel D. Khoshaba to fill the newly created seat as a Class A director. See “—Agreement with KSA Capital Management LLC” for additional information. Three directors are to be elected at the annual meeting to hold office until the 2013 annual meeting of stockholders (“Class C directors”). Each director will serve until a successor is elected and qualified or until such director’s earlier resignation, retirement or death. The Board has re-nominated the current Class C directors, J. Brendan Barba, Richard E. Davis and Lee C. Stewart, for new three-year terms. With the exception of Mr. Barba, the Board has affirmatively concluded that such director nominees are independent under the applicable rules of the NASDAQ Global Select Market (“Nasdaq”).

Each of the nominees has consented to be listed in this proxy statement and agreed to serve as a director if elected by the stockholders. If any nominee becomes unable or unwilling to serve between the date of this proxy statement and the annual meeting, the Board may designate a new nominee and the persons named as proxies in the attached proxy card will vote for that substitute nominee. Alternatively, the Board may reduce the size of the Board.

This excerpt taken from the AEPI DEF 14A filed Feb 28, 2007.
Election of Directors.   The three nominees receiving the highest number of “yes” votes at the meeting will be elected as Class C Directors. This number is called a plurality. A properly signed proxy marked “WITHHOLD AUTHORITY” with respect to the election of one or more directors will not be voted for such director(s) so indicated and will have no effect on the outcome of the vote.

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