Incredimail 2009 Annual Report Download - page 44

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F. TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
The following table summarizes our contractual commitments as of December 31, 2009 and the effect those commitments are expected
to have on our liquidity and cash flow in future periods:
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
A. DIRECTORS AND SENIOR MANAGEMENT
The following table sets forth information regarding our executive officers and directors as of March 24, 2010:
_______________
Yair M. Zadik was initially appointed to the board by our founders, Ofer Adler and Yaron Adler, pursuant to provisions of the articles
of association that were in effect prior to our initial public offering. Tamar Gottlieb was initially appointed to the board by the board of directors,
and her service was recently renewed for another three year term by the shareholders in December 2009. David Jutkowitz and Avichay
Nissenbaum were elected to serve as our external directors by our shareholders as required by Israeli law. No shareholder has special voting
rights with respect to the election of directors or otherwise.
Ofer Adler co-
founded IncrediMail and has been our Chief Product Officer, a director since our incorporation and since February 5,
2008, serves as the Company's Chief Executive Officer. As a Chief Executive Officer he is responsible for our day-to-
day operations, business
development and the overall management of IncrediMail. As a Chief Product Officer he had overall responsibility for the design and
development of IncrediMail products, website and graphic content. Mr. Adler had direct responsibility for the design of all major IncrediMail
applications and websites. Before co-
founding IncrediMail, Mr. Adler worked as a trader and portfolio manager at Clal Insurance from 1997 to
1999, and as a trader and technical analysis expert at Batucha, Israel’s largest private brokerage firm, from 1994 to 1997.
Payments Due by Period
Contractual Commitments
Total
Less than
1 year
1
-
3 Years
3
-
5 Years
More than
5 Years
(in thousands)
Accrued severance pay
$
1,390
$
-
$
-
$
-
$
1,390
Uncertain Income Tax Positions(
*)
1,341
Operating leases
1,135
620
$
515
-
-
Total
$
3,866
$
620
$
515
$
-
$
1,390
(*) Uncertain income tax positions are due upon settlement and we are unable to reasonably estimate the ultimate amount or timing of
settlement. See Note 9(f) of our Consolidated Financial Statements for further information.
Name
Age
Position
Ofer Adler
39
Chief Executive Officer, Chief Product Officer and Director
Li Carmel
37
Vice President
–
Human Resources
Arik Czerniak
34
Director
Tamar Gottlieb
53
Director and Chairperson of the Board
Yuval Hamudot
36
Chief Operating Officer and Chief Technologies Officer
Jeff Holzmann
35
Executive Vice President
–
Delaware subsidiary
David
Jutkowitz
*
59
External Director,
member of Audit Committee
Yacov Kaufman
52
Chief Financial Officer
Avichay Nissenbaum *
43
External Director,
member of Audit Committee
Arik Ramot
58
Director, member of the Audit Committee
Yair M. Zadik
53
Director
*
“
Independent
”
for Nasdaq Stock Market purposes.
39