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This excerpt taken from the XIDE DEF 14A filed Jul 24, 2009. PROPOSAL 1 —
ELECTION OF DIRECTORS
The Board currently consists of nine directors. The Nominating
and Corporate Governance Committee recommended to the Board, and
the Board approved the nomination of each of the nominees below
for election to serve a one-year term set to expire at the 2010
annual meeting of stockholders and until their successors are
duly elected and qualified. Our Board expects that all of the
nominees will be able and willing to serve as directors. If any
nominee is not available to serve as a director at the time of
the annual meeting, the persons named on the proxy will vote for
another candidate nominated by our Board, or our Board may
reduce the number of directors. Our Board has determined that
each of the director nominees below, except Gordon A. Ulsh, is
an “independent director” as defined in the NASDAQ
Listing Rules, as currently in effect (the “NASDAQ
Rules”). The Board determined that Mr. Lash’s
employment with Tontine Associates, LLC, did not impair his
independence under the NASDAQ Rules.
Each of the nominees named below is currently a member of our
Board and was elected at our 2008 Annual Meeting. Biographical
information about each director nominee, as of July 1,
2009, appears below.
Director
Nominees
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