LeapFrog 2013 Annual Report Download - page 108
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Please find page 108 of the 2013 LeapFrog 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.Rock Partners and the Aspen Institute. Ms. Rees was recommended to our board of directors by a third-party
search firm. Ms. Rees is an independent director under Section 303A.02 of the NYSE listing standards.
Randy O. Rissman has served as a member of our board of directors since August 2011. Mr. Rissman is
currently managing director of Leo Capital Holdings, LLC, a venture capital firm he founded in 2000, which
makes early stage investments in technology and media-based companies focused on consumer Internet and
mobile applications. From 2005 to 2010, he was a director of 4Kids Entertainment, Inc., a publicly-held
American film and television production company. From 1978 to 1998, Mr. Rissman served as Chief
Executive Officer of Tiger Electronics, Inc., an early pioneer of children’s electronic gaming he co-founded,
which was sold to Hasbro, Inc. in 1998. Mr. Rissman currently serves on the board of several private
companies in which Leo Capital Holdings has made an investment. Mr. Rissman holds a bachelor’s degree
from the University of Michigan and an M.B.A. from the Harvard Business School. Mr. Rissman has served
as the Chair of our compensation committee since June 2012.
Mr. Rissman brings deep experience in manufacturing and marketing branded children’s products,
including 20 years’ experience as chief executive officer of Tiger Electronics, Inc. His long service within the
toy industry gives him extensive knowledge of and experience with business operations and strategy, including
strategic planning, compensation plans, and sales and marketing. Mr. Rissman also offers substantial content
and production experience, having served as a director of 4Kids Entertainment, Inc. and in other senior
roles at privately-funded companies focused on children’s content. Mr. Rissman is an independent director
under Section 303A.02 of the NYSE listing standards and he meets the heightened NYSE independence
requirements for members of the compensation committee. In addition, Mr. Rissman qualifies as a
‘‘non-employee director’’ within the meaning of Section 16 of the Exchange Act, and as an ‘‘outside’’ director
within the meaning of Section 162(m) of the Internal Revenue Code.
Caden C. Wang has served as a member of our board of directors since April 2005. From June 1999 until
his retirement in December 2001, Mr. Wang served as Executive Vice President and Chief Financial Officer of
LVMH Moët Hennessy Louis Vuitton S.A. Selective Retailing Group, which included various international
retail holdings such as DFS, Sephora and Miami Cruiseline Services. He also served as the Chief Financial
Officer for DFS Group Limited, a leading luxury retailer catering to the traveling public, Gump’s Corp., a
luxury home furnishings and home décor retailer, and Cost Plus, Inc., a chain of specialty import/retail stores.
Since October 2003, Mr. Wang has served on the board of directors of bebe stores, inc., a publicly-held
company that designs, develops and produces women’s apparel and accessories, and serves as chair of its
audit committee and as a member of its nominating and corporate governance committee. From August 2005
through August 2007, Mr. Wang served on the board of directors of Fossil, Inc., a publicly-held company that
designs, develops, markets and distributes fashion-related consumer products, and was a member of its audit
committee, nominating and corporate governance committee and a special committee advising on option
backdating. He earned a B.A. and an M.B.A. from the University of California, Los Angeles. Mr. Wang has
served as a member of our audit committee since 2005 and a member of our nominating and corporate
governance committee since 2006 (and as the Chair since 2009). He also served as a member of our
compensation committee from 2009 until 2011, and previously as a member and the Chair of our
compensation committee from 2005 to 2006.
Mr. Wang has extensive accounting, financial reporting and finance experience, having served as the chief
financial officer of various private companies during his career and as the chair of the audit committee of a
public company. Mr. Wang’s experience as an executive officer of various consumer products and retail
companies and as a director of multiple public companies gives him broad-based experience in corporate
governance, compensation and financial matters currently faced by public consumer products companies. In
addition, Mr. Wang brings extensive knowledge of and experience with business operations and strategy from
his service with these companies, including international operations. He is a financial expert, as defined in
applicable SEC rules, based on his formal education and substantial experience in the field. Mr. Wang is
an independent director under Section 303A.02 of the NYSE listing standards and he qualifies as a
‘‘non-employee director’’ within the meaning of Section 16 of the Exchange Act, which permits him to
serve on the audit committee.
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