SNDK » Topics » Stock Ownership Guidelines

This excerpt taken from the SNDK DEF 14A filed Apr 15, 2009.

Stock Ownership Guidelines

Each Board member and executive officer (as defined in Section 16 of the Securities Exchange Act of 1934, as amended) is required to own the Company’s Common Stock, with a minimum stock ownership requirement, if any, to be determined by the Board from time to time.

This excerpt taken from the SNDK DEF 14A filed Apr 14, 2008.
Stock Ownership Guidelines
 
Each Director and executive officer (as defined in Section 16 of the Securities Exchange Act of 1934, as amended) is required to own the Company’s Common Stock. The ownership requirement is satisfied by beneficial ownership as defined under Rule 13d-3 under the Securities Exchange Act of 1934, as amended. Each Director and named executive officer (as defined in Section 16 of the Securities Exchange Act of 1934, as amended) should own no less than 1,000 shares of the Company’s Common Stock on the first anniversary of his or her service, and own an additional 1,000 shares for each subsequent year until he or she is required to own 5,000 shares after 5 years of service, at which point there is no requirement to own additional shares.
 
This excerpt taken from the SNDK DEF 14A filed Apr 11, 2007.
Stock Ownership Guidelines
 
Each Board member and executive officer (as defined in Section 16 of the Securities Exchange Act of 1934, as amended) is required to own the Company’s Common Stock, with a minimum stock ownership requirement, if any, to be determined by the Board from time to time.
 
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