Our Bylaws provide that our Board of Directors will consist of not less than
three nor more than 25 members and authorize the Board to set and change the number of directors from time to time within those limits. Our directors are elected each year at the Annual Meeting for terms of one year or until their respective
successors have been elected and have qualified. The number of our directors currently is set at eight, and our current directors named below have been nominated by our Board of Directors for reelection at the Annual Meeting.
Name and age (1)
Position(s) with
us and Fountain
First
elected (2)
Principal occupation and
business experience for past five years
Reginald M. Fountain, Jr.
(64)
Chairman, President and
Chief Executive Officer
1979
Our chief executive officer
A. Myles Cartrette *
(48)
Director
2002
Owner of Cartrette, LLC (land development and residential construction), Greenville, NC
George L. Deichmann III *
(60)
Director
1998
Owner and President of Trent Olds-Cadillac-Buick-Pontiac-GMC Trucks, Inc. (auto dealership), New Bern, NC
Guy L. Hecker, Jr. * (3)
(72)
Director
2000
President, Stafford, Burke & Hecker, Inc. (high technology consultants), Alexandria, VA
David C. Miller *
(53)
Director
2002
Owner of David C. Miller, CPA/ABV (certified public accountant and business valuation practice), Greenville, NC
Mark L. Spencer *
(48)
Director
1992
Owner of Spencer Communications (advertising and public relations firm), Montrose, CA
Robert L. Stallings III *
(57)
Director
2003
Owner and President of Eastern Aviation Fuels, Inc. (aviation fuel sales), New Bern, NC
David L. Woods
(46)
Director
2001
Co-owner and manager, Woods & McCauley, LLC, d/b/a Pier 57 Boat Sales and Service (boat sales and service), Counce, TN
(1)
Asterisks denote individuals who we believe are “independent directors” as that term is defined by the listing standards of The Nasdaq Stock Market.
(2)
The term “First elected” refers to the calendar year in which each individual first became our director or, in Mr. Fountain’s case, when he first became a
director of Fountain prior to our organization.
(3)
Mr. Hecker also serves as a director of 8x8, Inc., a public company headquartered in Santa Clara, CA, which develops, manufactures and markets telecommunications equipment.
Our Board of Directors recommends that you
vote “FOR” the eight nominees named above. In the election of directors, the eight nominees receiving the highest numbers of votes will be elected.
Next Section
Previous Section