Information Officer of Daisytek, a position he held from 1996 to 2000. Prior to joining
Daisytek, Mr. Graham was employed as Vice President of Technology by Ingram Micro, a major
technology distributor. Mr. Graham has over 34 years of experience in the information-technology
and outsourcing fields.
Thomas J. Madden, age 47, has served as Executive Vice President, Chief Financial and
Accounting Officer of the Company since its inception in 1999. Mr. Madden previously served as
Chief Financial Officer of Daisytek from 1997 to 2000, as Vice President Finance, Treasurer and
as Chief Accounting Officer of Daisytek from 1994 to 2000 and as Controller of Daisytek from 1992
to 1994. From 1983 to 1992, Mr. Madden served in various capacities with Arthur Andersen & Co.,
S.C., including financial consulting and audit manager.
Michael C. Willoughby, age 45, has served as President of Priority Fulfillment Services, a
subsidiary of the Company, since February 2006. He also serves as Executive Vice President and
Chief Information Officer of the company, positions he has held since October 2001. From 1999 to
2001, Mr. Willoughby served the Company as Vice President of E-Commerce. Prior to joining the
Company, Mr. Willoughby served as President and Chief Executive Officer of Design Technologies,
Inc., an e-commerce software development firm from 1994 to 1999. Prior to founding Design
Technologies, Inc., Mr. Willoughby served as President and Chief Executive Officer of Integration
Services, Inc., an IT consulting services company.
Cynthia D. Almond, age 41, has served as Vice President Client Services of the Company since
March 2001 and as Secretary of the Company since 2007. From 1999 to 2001, Ms. Almond served as
Director of Account Management. From 1991 to 1999, Ms. Almond served in various marketing, product
management and sales capacities for Daisytek.
Scott R. Talley, age 44, has served as Vice President International Distribution for the
Company since its inception in 1999. Mr. Talley previously served in various capacities for
Daisytek since 1991, most recently as Vice President Distribution. Mr. Talley received a
Bachelor of Business Administration degree from the University of North Texas and a Masters of
Business Administration degree from New York Institute of Technology.
Bruce E. McClung, age 71, has served as Vice President Sales of the Company since October
2001. From 1999 to 2001, Mr. McClung served in various marketing and sales capacities for the
Company. From 1995 to 1998, Mr. McClung served in various capacities for Daisytek. Mr. McClung
has spent more than 25 years in sales, marketing and management roles in systems and solutions
organizations, including Daisytek, IBM, Boeing and Perdata.
David B. Reese, age 46, has served as Vice President Business Solutions of the Company since
November 2004. From 2000 to 2004, Mr. Reese served as Director of Implementation Services for the
Company. Mr. Reese was Director of European Operations from January 1999 to May 2000. From 1995 to
1998, Mr. Reese served in various capacities for Daisytek. Previously Mr. Reese was Vice President
of Operations for a 3PL company and operated several intermodel and distribution facilities.
Gibson T. Dawson, age 43, has served as Vice President Corporate Controller of the Company
since May 2007. From 1998 to 2007, Mr. Dawson served as Corporate Controller for PFSweb. Prior to
joining the Company, Mr. Dawson was controller for a recorded-music distribution company and prior
to that spent more than 8 years with KPMG LLP in the assurance services practice.
Meetings and Committees of the Board
The Board of Directors met a total of eight times during the calendar year ended December 31,
2008. The Board of Directors has determined that, other than Mr. Layton, each director is
independent within the meaning of applicable Securities and Exchange Commission (SEC) rules and
NASD listing standards. The independent directors are able to and generally meet in executive
session without the Companys management at each regularly scheduled Board meeting.
The Board of Directors does not have a policy regarding director attendance at the annual
meeting of stockholders, and no director attended the 2008 annual meeting other than Mr. Layton.
The Board of Directors currently has standing Nominating, Audit, Compensation, and Stock