Incredimail 2010 Annual Report Download - page 45

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F. TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
The following table summarizes our contractual commitments as of December 31, 2010 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 February 28, 2011:
_______________
* "Independent" for Nasdaq Stock Market purposes.
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.
Josef Mandelbaum
joined the Company as a Chief Executive Officer on July 7, 2010 and was elected as a Director in January 2011.
Before joining the Company, Mr. Mandelbaum worked at American Greetings as Chief Executive Officer of the AG Intellectual Properties
group, since 2000 and as Senior Vice President of the Sales and Business Development AG Interactive group from1998 until 2000. Mr.
Mandelbaum holds a BA in economics from Yeshiva University and an MBA from the Weatherhead School of Management at Case Western
Reserve University.
Ofer Adler co-
founded IncrediMail and has been a director since our incorporation, most recently reelected in January 2011, for another
three year term. Mr. Adler served as the Company's Chief Executive Officer since February 5, 2008 up until being replaced by Mr. Josef
Mandelbaum on August 5, 2010 and Chief Product Officer until November 2, 2011 Before co-
founding the Company, 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
-
3 Years
3
-
5 Years
More than
5 Years
(in thousands)
Accrued severance pay
$
1,384
$
287
$
-
$
-
$
1,097
Uncertain Income Tax Positions(
*)
1,388
-
-
-
Termination benefits
410
129
-
-
281
Operating leases
597
597
$
-
-
-
Total
$
3,779
$
1,013
$
-
$
-
$
1,378
(*) 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
Josef Mandelbaum 44 Chief Executive Officer and Director
Ofer Adler 40 Director
Li Carmel 38 Vice President – Human Resources
Arik Czerniak 35 Director
Limor Gershoni Levy 40 General Counsel
Tamar Gottlieb 54 Director and Chairperson of the Board
Yuval Hamudot 37 Chief Operating Officer and Chief
Technologies Officer
David Jutkowitz * 60 External Director, member of Audit
Committee
Yacov Kaufman 53 Chief Financial Officer
Avichay Nissenbaum * 44 External Director, member of Audit
Committee
Arik Ramot 59 Director, member of the Audit Committee
Mark Ziering 44 Vice President – Corporate Development
38