IBAS » Topics » To Be Held on May 26, 2009

This excerpt taken from the IBAS DEF 14A filed Apr 10, 2009.

To Be Held on May 26, 2009

To the shareholders of iBasis, Inc.:

        The annual meeting of the shareholders of iBasis, Inc., a Delaware corporation ("iBasis"), will be held on Tuesday, May 26, 2009, at 2:00 p.m., Eastern Time, at our corporate headquarters located at 20 Second Avenue, Burlington, MA 01803, for the following purposes:

    1.
    To elect two Class 1 directors, each to hold office for a three-year term expiring in 2012 and until each director's respective successor has been duly elected and qualified or until his earlier resignation or removal;

    2.
    To ratify the adoption of the iBasis, Inc. Executive Bonus Plan;

    3.
    To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2009;

    4.
    To transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.

        Only shareholders of record at the close of business on April 3, 2009 are entitled to notice of and to vote at the annual meeting and at any adjournment or postponement of the annual meeting. A list of shareholders of record will be available at the meeting and, during the 10 days prior to the meeting, at our offices at the above address.

        All shareholders of record are cordially invited to attend the annual meeting in person; however, regardless of whether you plan to attend the meeting in person, it is important that you cast your vote as promptly as possible by following the instructions on the Notice. You may vote over the Internet or attend and vote at the meeting in person, or if you requested to receive printed proxy materials, you can also vote by telephone or by mailing a proxy card. Instructions on how to vote appear in this Proxy Statement. Please cast your vote as promptly as possible. Your prompt response is necessary to ensure that your shares are represented at the meeting.

By Order of the Board of Directors,

GRAPHIC

Mark S. Flynn
Chief Legal Officer and Corporate Secretary
April 10, 2009


TABLE OF CONTENTS

 
  Page

GENERAL INFORMATION ABOUT THE ANNUAL MEETING

  1

INDEPENDENT PUBLIC ACCOUNTANTS

 
11

SECURITY OWNERSHIP OF CERTAIN BENEFICAL OWNERS AND MANAGEMENT

 
12

MANAGEMENT AND CORPORATE GOVERNANCE

 
14

COMPENSATION DISCUSSION AND ANALYSIS

 
22

COMPENSATION COMMITTEE REPORT

 
28

EXECUTIVE OFFICER AND DIRECTOR COMPENSATION

 
28

EQUITY COMPENSATION PLAN INFORMATION

 
35

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

 
35

CODE OF ETHICS

 
35

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

 
36

OTHER MATTERS

 
39

i


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