CompUSA 2010 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 2010 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

9
PROPOSAL NO. 1
ELECTION OF DIRECTORS
At the Annual Meeting, seven Directors are to be elected to serve until their successors have been elected
and qualified. Information regarding such nominees is set forth below.
The accompanying proxy will be voted for the election of the Board’ s nominees unless contrary
instructions are given. If any Board nominee is unable to serve, which is not anticipated, the persons named as
proxies intend to vote, unless the Board of Directors reduces the number of nominees, for such other person or
persons as the Board of Directors may designate.
Each of the nominees served as a director during fiscal year 2010. If voting by proxy with respect to the
election of Directors, stockholders may vote in favor of all nominees, withhold their votes as to all nominees or
withhold their votes for specific nominees.
There were no arrangements or understandings between any Director or nominee for Director and any other
person pursuant to which such person was selected as a Director or nominee for Director. There are no family
relationships among any of our Directors or executive officers or nominees for Director or executive officer, except
that Richard Leeds, Bruce Leeds and Robert Leeds are brothers.
Nominees
Name of Nominee
Principal Occupation
Age
Director Since
Richard Leeds
Chairman and Chief Executive Officer of the Company
51
April 1995
Bruce Leeds
Vice Chairman of the Company
55
April 1995
Robert Leeds
Vice Chairman of the Company and Interim Chief Executive of the
Company’ s Technology Products Group
55
April 1995
Lawrence P.
Reinhold
Executive Vice President and Chief Financial Officer of the
Company
51
March 2009
Robert D. Rosenthal
Chairman and Chief Executive Officer of First Long Island
Investors LLC
62
July 1995
Stacy S. Dick
Chief Financial Officer of Julian Robertson Holdings
54
November 1995
Marie Adler-
Kravecas
Retired President of Myron Corporation
51
June 2009
Richard Leeds joined the Company in 1982 and has served as Chairman and Chief Executive Officer of the
Company since April 1995. Mr. Leeds graduated from New York University in 1982 with a B.S. degree in Finance.
Mr. Leeds, together with his brothers Bruce and Robert Leeds, are the majority stockholders of the Company and the
sons of one of the Company’s founders. Mr. Leeds served as Co-President and Chief Financial Officer of the
Company prior to its becoming a public company in 1995. Mr. Leeds was selected to serve as Chairman of our
Board due to his experience and depth of knowledge of the Company and the direct marketing, computer and
industrial products industries, his role in developing and managing the Company’ s business strategies and
operations, as well as his exceptional business judgment and leadership qualities.
Bruce Leeds joined the Company in 1977 and has served as Vice Chairman of the Company since April
1995. Mr. Leeds also served as President of International Operations of the Company from 1990 until March
2005. Mr. Leeds graduated from Tufts University in 1977 with a B.A. degree in Economics. Mr. Leeds, together
with his brothers Richard and Robert Leeds, are the majority stockholders of the Company and the sons of one of the
Company’ s founders. Mr. Leeds served as Co-President and Head of International Operations of the Company prior
to its becoming a public company in 1995. Mr. Leeds was selected to serve as a director on our Board due to his
experience and depth of knowledge of the Company and the direct marketing, computer and industrial products
industries, his role in developing and managing the Company’ s business strategies and operations, his experience in
international business as well as his exceptional business judgment.