SMP » Topics » Compensation Committee Interlocks and Insider Participation

This excerpt taken from the SMP DEF 14A filed Apr 15, 2008.

Compensation Committee Interlocks and Insider Participation

     All members of the Board’s Compensation and Management Development Committee during 2007 were independent directors, and none of them were employees or former employees of the Company. During 2007, no executive officer of the Company served on the compensation committee (or equivalent) or the board of directors of another entity whose executive officer(s) served on the Company’s Compensation and Management Development Committee or Board of Directors.

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