During the fiscal year ended May 31, 2008, the Board of Directors held a total of 16 meetings. Board committees met as follows during the 2008 fiscal year: Audit Committee, 3 times; Compensation Committee, 8 times; and the Executive Committee 3 times. During the 2008 fiscal year, each of our directors attended at least 75% of the aggregate of (i) the total number of Board meetings and (ii) the total number of meetings held by all committees of the Board on which such director served during 2008. The Board expects all directors to attend its annual stockholder meetings. All of our directors except Mr. Falk attended the 2007 Annual Meeting of Stockholders held October 23, 2007.