This excerpt taken from the WGNR DEFA14A filed Jan 13, 2006.
HIGHLY QUALIFIED NOMINEES PROPOSED BY YOUR BOARD
ROBERT A. PLACEK. Mr. Placek is the Co-founder of Wegener and as Chairman, President and CEO he continues to be deeply involved in the management of the business.
As Wegeners largest shareholder, owning approximately 15.7% of the outstanding shares, Mr. Placek has a vested interest in improving the long-term future value of Wegener. Mr. Placek is a well-recognized industry veteran with a career spanning more than 40 years.
Over his career, Mr. Placek has successfully predicted, managed and implemented industry changing technologies several times. Previous to founding Wegener he was an early visionary in the satellite arena and pioneered Scientific Atlantas satellite communications product line which propelled them into a market leader in the cable television adoption of satellite distribution.
WENDELL H. BAILEY. Mr. Bailey has served as a Director of the Company since 2003. Mr. Bailey is a well-respected industry expert on technology standards, acceptance and deployment. He has served as Vice Chairman of Planning for the FCC Advisory Committee on HDTV as well as a foremost member of its steering committee. Mr. Bailey is a substantial influence shaping the industry landscape relating to the products we manufacture and is of critical importance to Wegener in guiding our investment decisions in new technologies.
Mr. Bailey is currently the President of Strategic Technology International (STI), a multinational consulting organization where he consults to businesses on future technology trends and telecommunication strategies for television equipment manufacturers, satellite providers and VoIP equipment suppliers.
Prior to forming STI Mr. Bailey was Chief Technologist for broadband technology at NBC Television Network (1998-2003) and Vice President for Science and Technology at the National Cable Television Association (for 17 years prior to NBC). Mr. Bailey has served on the Boards of the Corning Telecommunications Group and the Society of Cable Television Engineers (SCTE) and has made numerous television appearances as a guest and recognized industry expert on the future direction of technology.
In an environment of fast-paced technological change, the ability to sustain a 26-year reputation for innovation is a true testament to strong leadership and vision. Our ability to generate future shareholder value can be directly linked to individuals like Mr. Placek and Mr. Bailey who contribute important industry insight for our investment decisions. A few years ago we made a critical decision to invest heavily in new technology platforms such as the iPump, HDTV, IPTV and MPEG-4/H.264 advanced video coding. And although the market acceptance rate has been slower than initially anticipated, our strategic investments are beginning to pay off. In fact, a large portion of our recent $9 million in new customer orders in the first quarter of fiscal 2006 is directly attributed to these recent investments.