Glass Lewis & Co. "Proxy Paper"
(August 18, 2004)
The Glass Lewis & Co. "Proxy Paper" accessible from the link
below has been made available to Forum participants according to an
engagement reported August 12, 2004, and
addresses issues raised by the Forum.
Note: Glass
Lewis released its Proxy Paper on August 18, 2004, but revised and republished
the report on August 19, 2004. The revised version (1) changed Glass
Lewis' classification of a director nominee, Walter P. Schuetze, from "affiliated"
to "independent" in a chart at the top of page 4, and (2) modified a
sentence on page 6 referring to the director nominee Russell M. Artzt from its
original statement, saying "There are only two members still on the board from
the time period in which the SEC conducted its investigations based on the
issues discussed above," to say instead that "There are only two members
still on the board from the time period in which the Company has acknowledged
improper accounting."
The report presented below is Glass Lewis'
August 19, 2004 revised version.
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