Steve Workman, who has served as the Company’s Chief Financial Officer since joining the Company in 1999 prior to its initial public offering, will assume the role of Senior Vice President of Corporate Development and Investor Relations. These changes will become effective upon the filing of the Company’s Form 10-Q report for the quarter ended January 31, 2010.
Mr. Adzema has served as the Company’s Vice President of Strategy & Corporate Development since joining the Company in January 2005. Prior to joining the Company, he held various positions at SVB Alliant, a subsidiary of Silicon Valley Bank which advised technology companies on M&A transactions, at Montgomery Securities/Banc of America Securities, an investment banking firm, and in the financial restructuring group of Smith Barney. Mr. Adzema holds a BA in Mathematics from the University of Michigan and an MBA from the Wharton School at the University of Pennsylvania.
Mr. Adzema will receive compensation in accordance with the Company’s executive compensation package, and is eligible to participate in the Company’s Executive Retention and Severance Plan, all as described in the Company’s definitive proxy statement for its annual meeting of stockholders held on November 18, 2009, which definitive proxy statement was filed with the Securities and Exchange Commission on October 8, 2009 and is available at http://www.sec.gov . In addition, Mr. Adzema will enter into the Company’s standard indemnification agreement made available to all of the Company’s executive officers.