Board Committees

Audit Committee Position

Lee Hillman

Director

Lee Hillman has been a member of the Board since July 2016. He has served as the CEO of Performance Health Systems, LLC, or its predecessor, a business manufacturing and distributing PowerPlate® and bioDensity™ branded, specialty health and exercise equipment, since 2009. Mr. Hillman has also served as President of Liberation Advisory Group and Liberation Management Services, LLC since 2003. Mr. Hillman currently serves as a member of the Board of Directors of HC2 Holdings, Inc., a diversified holding company engaged in acquiring and growing businesses in the United States and internationally. He also serves as a member of the Board of Directors and as lead independent director of Lawson Products, Inc., where he also serves as Chair of the Compensation Committee. Mr. Hillman also serves as a Trustee of Adelphia Recovery Trust and as a director of Business Development Corporation of America. He serves as a member of the Audit Committee of each of the aforementioned boards. Mr. Hillman is a certified public accountant and former audit partner with Ernst & Young, LLP. Mr. Hillman's experience as a chief executive officer, chief financial officer and/or a director of other public U.S. and international companies and as a former audit partner of an international accounting firm provides valuable insights to our Board. Mr. Hillman has previously served as a director of public companies which include Lawson Products (NASDAQ: LAWS), HC2 (NASDAQ: HCHC), and Adelphia Recovery Trust (formerly traded OTC).

Chair

David J. Schramm

Director

David Schramm has been a member of the Board since July 2016. Mr. Schramm is currently retired. He currently serves as a member of the Board of Directors of Capacitor Science. From 2014 to 2016, Mr. Schramm served as advisor to the Board of Directors of Maxwell Technologies, Inc., a developer, manufacturer and marketer of energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. From 2007 until 2013, Mr. Schramm was President and CEO of Maxwell Technologies, Inc. From 2001 to 2006, he was president and chief executive officer of Arrowhead Products Corp., a leading supplier of specialty systems to the aerospace and automotive industries. Previously, he spent the bulk of his business career in a series of senior management and engineering positions with General Motors. Mr. Schramm is a Certified Governance Fellow by the NACD and brings to the Board his extensive managerial experience and expertise in a broad range of board oversight matters.

Member

Audit Committee Charter

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Compensation Committee Position

David J. Schramm

Director

David Schramm has been a member of the Board since July 2016. Mr. Schramm is currently retired. He currently serves as a member of the Board of Directors of Capacitor Science. From 2014 to 2016, Mr. Schramm served as advisor to the Board of Directors of Maxwell Technologies, Inc., a developer, manufacturer and marketer of energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. From 2007 until 2013, Mr. Schramm was President and CEO of Maxwell Technologies, Inc. From 2001 to 2006, he was president and chief executive officer of Arrowhead Products Corp., a leading supplier of specialty systems to the aerospace and automotive industries. Previously, he spent the bulk of his business career in a series of senior management and engineering positions with General Motors. Mr. Schramm is a Certified Governance Fellow by the NACD and brings to the Board his extensive managerial experience and expertise in a broad range of board oversight matters.

Chair

Xiaojing Huang

Director

Xiaojing (Tammy) Huang has been a member of the Board since November 2016. Ms. Huang was a senior consultant at Shaklee (China) Co., Ltd., a manufacturer and distributor of personal care products based in China, from September 2005 to September 2016. Ms. Huang was originally appointed to our Board and has been nominated to stand for reelection as a director on our Board under the terms of a stockholders' agreement entered into between the Company and CFL, our majority stockholder, which agreement grants to CFL the right to designate one director nominee for every 9.9% of the total voting power of our common stock that CFL beneficially owns, up to a maximum of six directors.

Member

Hao Zhang

Director

Hao (Howard) Zhang has been a member of the Board since November 2016. Mr. Zhang is a private investor based in China. Mr. Zhang has served as a director of Wealth Power Global Trading Limited since June 2015. Mr. Zhang was originally appointed to our Board and has been nominated to stand for reelection as a director on our Board under the terms of a stockholders' agreement entered into between the Company and CFL, our majority stockholder, which agreement grants to CFL the right to designate one director nominee for every 9.9% of the total voting power of our common stock that CFL beneficially owns, up to a maximum of six directors.

Member

Compensation Committee Charter

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Nominating and Corporate Governance Committee Position

David J. Schramm

Director

David Schramm has been a member of the Board since July 2016. Mr. Schramm is currently retired. He currently serves as a member of the Board of Directors of Capacitor Science. From 2014 to 2016, Mr. Schramm served as advisor to the Board of Directors of Maxwell Technologies, Inc., a developer, manufacturer and marketer of energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. From 2007 until 2013, Mr. Schramm was President and CEO of Maxwell Technologies, Inc. From 2001 to 2006, he was president and chief executive officer of Arrowhead Products Corp., a leading supplier of specialty systems to the aerospace and automotive industries. Previously, he spent the bulk of his business career in a series of senior management and engineering positions with General Motors. Mr. Schramm is a Certified Governance Fellow by the NACD and brings to the Board his extensive managerial experience and expertise in a broad range of board oversight matters.

Chair

Xianfang Liu

Director

Xianfang (Scott) Liu has been a member of the Board since November 2016. Mr. Liu has been a professor and Director of the Center for International Business Studies at the New York Institute of Technology (NYIT) since September 1997. Since September 2008, Mr. Liu has also served as Executive Associate Dean for Global Programs at NYIT. From December 2006 to September 2008, he also served as Dean of the School of Management at NYIT. Mr. Liu was originally appointed to our Board and has been nominated to stand for reelection as a director on our Board under the terms of a stockholders' agreement entered into between the Company and CFL, our majority stockholder, which agreement grants to CFL the right to designate one director nominee for every 9.9% of the total voting power of our common stock that CFL beneficially owns, up to a maximum of six directors.

Member

Hao Zhang

Director

Hao (Howard) Zhang has been a member of the Board since November 2016. Mr. Zhang is a private investor based in China. Mr. Zhang has served as a director of Wealth Power Global Trading Limited since June 2015. Mr. Zhang was originally appointed to our Board and has been nominated to stand for reelection as a director on our Board under the terms of a stockholders' agreement entered into between the Company and CFL, our majority stockholder, which agreement grants to CFL the right to designate one director nominee for every 9.9% of the total voting power of our common stock that CFL beneficially owns, up to a maximum of six directors.

Member

Nominating and Corporate Governance Committee Charter

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