ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Directors of Harken
The directors of Harken, their ages and business experience during the past five
years are listed below:
Director
Name, Age and Business Experience Since
------------------------------------------------------------------------- --------
Michael M. Ameen, Jr. (Age-78)-From 1989 to 1999, Mr. Ameen served as a 1994
part time consultant to Harken with regard to Middle Eastern exploration
projects. He has been an independent consultant on Middle East Affairs
for the past seven years. During the past seven years, he has been
director of American Near East Refugee Aid (a charitable organization);
he was a past director of Amideast (a charitable organization); he was a
past director of Middle East Institute; he was a past director of
International College in Beirut, Lebanon; he was a past vice president of
government relations and director of the Washington office of Aramco; he
was a past president of Mobil Middle East Development Corporation.
Marvin M. Chronister (Age-51)-From August 1990 to May 2002, Mr. 2002
Chronister served as a Director of Corporate Finance with Deloitte &
Touche LLP. From December 1988 to August 1990, he served as an investment
banker with Kidder Peabody, and from February 1987 to December 1988, he
served with Merrill Lynch.
Mikel D. Faulkner (Age-53)-From March 2003, Mr. Faulkner has served as 1982
President and from 1982 as Chief Executive Officer of Harken. From
February 1991 to March 2003, Mr. Faulkner served as Chairman of the Board
of Harken; and President of Harken from 1982 until February 1993.
Effective March 2002, Mr. Faulkner also became the Chairman of Harken's
subsidiary, Global Energy Development plc.
Dr. J. William Petty (Age-60)-Professor of Finance and the W.W. Caruth 2000
Chairholder of Entrepreneurship at Baylor University from 1990 to the
present; Dr. Petty served as dean of the Business School at Abilene
Christian University from 1979 to 1990; Dr. Petty served as a subject
matter expert on a best-practices study by the American Productivity and
Quality Center on the topic of shareholder value based management and Dr.
Petty served on a research team for the Australian Department of Industry
to study the feasibility of establishing a public equity market for small
and medium-sized enterprises in Australia.
Alan G. Quasha (Age-53)-From March 2003, Mr. Quasha has served as 2003
Chairman of the Board of Harken. President of Quadrant Management, Inc.
from 1988 to the present; director of Compagnie Financire Richemont SA
since its formation in 1988 to the present; director of American Express
Funds from May 2002 to the present; director of Itech Capital Corp. from
October 2002 to the present; served as a governor of the American Stock
Exchange from April 1994 to April 1997. Mr. Quasha represents Lyford
Investments Enterprises Ltd. on the Board of Directors of Harken.
H. A. Smith (Age-64)-From June 1991 to the present, Mr. Smith has served 1997
as a consultant to Smith International Inc., an oil field service
company; previously Mr. Smith served as Vice President Customer Relations
for Smith International, Inc.
|
In March and April 2003, certain individuals resigned from the Board of
Directors. Alan G. Quasha was elected to the Board of Directors to fill the
vacancy created by the resignation of Stephen C. Voss. As a result of the
1
Table of Contents
foregoing, the Board of Directors amended Harken's Bylaws to reduce the number
of directors constituting the full Board of Directors from nine directors to six
directors.
Executive Officers of Harken
The officers of Harken are elected annually by the Board of Directors following
each Annual Meeting of Stockholders, or as soon thereafter as practicable. Each
officer holds office until the earlier of such time as his or her successor is
duly elected and qualified, or his or her death, resignation or removal from
office. Any officer elected or appointed by the Board of Directors may be
removed by the Board of Directors whenever, in its judgment, the best interests
of Harken will be served thereby, but such removal will be without prejudice to
the contract rights, if any, of the person so removed.
The executive officers of Harken, their ages and positions held with Harken and
their business experience for the past five years are listed below.
Name Age Position Held with Harken
Alan G. Quasha 53 Chairman of the Board of Directors
Mikel D. Faulkner 53 Chief Executive Officer and President
Stephen C. Voss 53 Managing Director, Global Energy Development PLC
James W. Denny, III 55 Vice President and Chief Operating Officer
Anna M. Williams 32 Vice President and Chief Financial Officer
Richard O. Cottle 46 Vice President
Elmer A. Johnston 42 Vice President-General Counsel and Secretary
Alan G. Quashahas served as Chairman of the Board of Harken since March 31,
2003. Mr. Quasha previously served as Chairman of the Board of Harken from June
1983 to February 1991. He has served as President of Quadrant Management, Inc.
from 1988 to the present. Mr. Quasha also has served as a director of Compagnie
Financire Richemont SA since its formation in 1988 to the present, American
Express Funds from May 2002 to the present, and Itech Capital Corp. from October
2002 to the present. From April 1994 to April 1997, he served as a governor of
the American Stock Exchange.
Mikel D. Faulkner has served as President of Harken since March 31, 2003 and as
a director and Chief Executive Officer of Harken since 1982. Mr. Faulkner
previously served as Chairman of the Board of Harken from February 1991 until
March 31, 2003 and President of Harken from 1982 until 1993. From April 2002 to
the present Mr. Faulkner has served as Chairman of Harken's subsidiary, Global
Energy Development plc.
Stephen C. Voss has served as Managing Director of Global Energy Development plc
since March 2002. Mr. Voss previously served as a director of Harken from 1997
to March 31, 2003, and Vice Chairman of the Board of Harken from May 2000 to
November 2001. From September 1998 to May 15, 2000, Mr. Voss served as Executive
Vice President and Chief Operating Officer of Harken and from 1990 to September
1998 as Senior Vice President of Harken.
James W. Denny, III has served as Vice President and Chief Operating Officer
since March 31, 2003. From October 1999 to March 2003, Mr. Denny served as
Executive Vice President-Operations of Harken. From 1998 to October 1999, Mr.
Denny served as Senior Engineer/Operations Manager for XPLOR Energy, Inc. From
1995 to 1998, Mr. Denny served as Vice President, Operations & Exploration for
Polaris Exploration Corporation.
Anna M. Williams has served as Vice President and Chief Financial Officer of
Harken since March 31, 2003. From June 2001 to April 2003 Ms. Williams served as
Executive Vice President-Finance and Chief Financial Officer. Ms. Williams
served as Senior Vice President-Finance and Chief Financial Officer of Harken
from June 2000 to June 2001 and as Vice President-International Finance of
Harken from 1998 to 2000 and as International Finance Manager from 1996 to 1998.
2
Table of Contents
Richard O. Cottle has served as Vice President of Harken since March 31, 2003.
Mr. Cottle served as Senior Vice President-Engineering from January 2000 to
March 2003. Since joining Harken in 1994, Mr. Cottle has served as Vice
President of Operations/Engineering from August 1997 to January 2000 and as
Operations Manager for Harken Southwest Corporation, a wholly owned subsidiary
of Harken, from December 1994 to August 1997.
Elmer A. Johnston has served as Vice President-General Counsel and Secretary
since March 31, 2003 and as Senior Counsel to Global Energy Development plc
since March 2002. From 1998 to 2002, Mr. Johnston served as Assistant General
Counsel of Harken.
Compliance with Section 16(a) of the Securities Exchange Act of 1934
Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), requires Harken's directors and executive officers, and any persons who
own more than 10% of Harken's common stock, to file with the SEC initial reports
of ownership and reports of changes in ownership of common stock and other
equity securities of Harken. Directors, executive officers and greater than 10%
stockholders are required by SEC regulations to furnish Harken with copies of
all Section 16(a) forms they file. Based solely on its review of the copies of
such forms and written representations from Harken's directors and executive
officers and certain reporting persons, Harken believes that its directors and
executive officers have complied with all applicable filing requirements during
2002.
|