SPR » Topics » PROPOSAL 1: ELECTION OF DIRECTORS

This excerpt taken from the SPR DEF 14A filed Mar 20, 2009.
PROPOSAL 1: ELECTION OF DIRECTORS
 
The Board currently consists of ten directors and will consist of ten directors following the Annual Meeting. The Corporate Governance and Nominating Committee has nominated each of the ten persons listed below for election as directors. If elected at the Annual Meeting, each of the ten nominees will hold office until the next Annual Meeting of Stockholders, and until their successors are elected and qualified. All of the nominees have served as directors of the Company since the last Annual Meeting of Stockholders.
 
Each nominee for election has agreed to serve if elected, and we have no reason to believe that any nominee will be unavailable to serve. If any nominee is unable or declines to serve as a director at the time of the Annual Meeting, it is the intention of the proxy holders to vote such proxy for such other person or persons as designated by the present Board to fill such vacancy. Unless otherwise instructed, the proxy holders will vote the proxies received by them “FOR” the nominees named below. A director must receive a plurality of the votes of the shares entitled to vote on the election of a director and voted in favor thereof in order to be elected.
 
PROPOSAL 1: ELECTION OF DIRECTORS
 
The Board currently consists of ten directors and will consist of ten directors following the Annual Meeting. Cornelius (Connie Mack) McGillicuddy, III and Seth Mersky have informed the Company that they will not be standing for re-election at the Annual Meeting and as a result, their terms as directors will expire effective as of the Annual Meeting.
 
The Corporate Governance and Nominating Committee has nominated each of the ten persons listed below for election as directors, with Charles L. Chadwell and James L. Welch being nominated to fill the vacancies that will be created by the expiration of Messrs. McGillicuddy’s and Mersky’s terms as directors. In accordance with the terms of our Special Security Agreement (the “Special Security Agreement”) with the United States Department of Defense (the “DoD”), the qualification of Messrs. Welch and Chadwell to serve on the Board is subject to the approval by the DoD of at least one of them. Their appointment is currently under consideration by the DoD. If elected at the Annual Meeting, and in the case of Messrs. Chadwell and Welch, if duly qualified to serve, each of the ten nominees will hold office until the next Annual Meeting of Stockholders, and until their successors are elected and qualified. All of the nominees except Charles L. Chadwell and James L. Welch have served as directors of the Company since the last Annual Meeting of Stockholders.
 
Each nominee for election has agreed to serve if elected, and we have no reason to believe that any nominee will be unavailable to serve. If any nominee is unable or declines to serve as a director at the time of the Annual Meeting, it is the intention of the proxy holders to vote such proxy for such other person or persons as designated by the present Board to fill such vacancy. Unless otherwise instructed, the proxy holders will vote the proxies received by them “FOR” the nominees named below. A director must receive a plurality of the votes of the shares entitled to vote on the election of a director and voted in favor thereof in order to be elected.
 
PROPOSAL 1: ELECTION OF DIRECTORS
 
The Board currently consists of ten members. The Board has nominated each of the persons listed below for election as director. Ten directors are to be elected at the Annual Meeting to hold office until the next Annual Meeting of Stockholders, and until their successors are elected and qualified.
 
Each nominee for election has agreed to serve if elected, and we have no reason to believe that any nominee will be unavailable to serve. If any nominee is unable or declines to serve as a director at the time of the Annual Meeting, the proxy holders will vote for a nominee designated by the present Board to fill the vacancy. Unless otherwise instructed, the proxy holders will vote the proxies received by them FOR the nominees named below. A director must receive a plurality of the votes of the shares entitled to vote on the election of a director and voted in favor thereof in order to be elected.
 
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