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This excerpt taken from the XIDE DEF 14A filed Jul 24, 2009. Carroll
R. Wetzel
Director since 2005
Mr. Wetzel, 66, most recently served as
non-executive Chairman of the Board of Directors of Safety
Components International, Inc., a supplier of automotive airbag
fabric and cushions and technical fabrics from 2000 to 2005.
Previously, from 1988 to 1996, Mr. Wetzel served as co-head
of the Merger and Acquisition Group at the Chase Manhattan Bank
and previously served as a corporate finance officer at Dillon
Read & Co., Inc. and Smith Barney, and served as Vice
Chairman and lead director at Arch Wireless from 2001 through
2002. Mr. Wetzel currently serves on the Board of Directors
of Brinks Company. Mr. Wetzel is Chairman of the Nominating
and Corporate Governance Committee and a member of the Finance
Committee.
The Board recommends that the stockholders vote FOR the
election of each of the director nominees named above.
On June 3, 2009, the Board approved and adopted the Exide
Technologies 2009 Stock Incentive Plan (the “2009
Plan”), subject to the approval of our stockholders at the
annual meeting. The 2009 Plan, if approved by our stockholders,
will expire in 2019.
No awards have been made under the 2009 Plan. The affirmative
vote of the holders of a majority of the votes cast in person or
represented by proxy and entitled to vote on the 2009 Plan is
required for approval of the 2009 Plan. If the 2009 Plan is
approved by the stockholders, no additional grants or awards
will be made under the 2004 Plan in the future, but the 2004
Plan will remain in effect with respect to awards already
granted until all such awards have been exercised, forfeited,
cancelled or expire or otherwise terminate in accordance with
the terms of such grants.
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