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. Lashs 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.