This excerpt taken from the WOC DEF 14A filed Dec 15, 2009.
Compensation of Directors
The following table sets forth certain information regarding the compensation we paid to our current directors, other than Ms. Izak and Mr. Orphanides, during 2008. Ms. Izak does not receive compensation for serving as a director of the Company. Mr. Orphanides joined the Board on January 9, 2009. None of our non-employee directors received a stock option or a restricted stock award during 2008.
In the table above:
Ernest Wachtel, who served the Company as a director from 1970 until his retirement in January 2009, received an aggregate of $27,000 in fees for serving on the Board during 2008. Mr. Wachtel currently serves as Director Emeritus, and does not receive Board fees. At December 31, 2008, Mr. Wachtel held options to purchase 22,500 shares, which options have expired by their terms.