FREMONT, Calif. -- Rackable Systems, Inc. (NASDAQ: RACK), a leading provider of servers and storage products for large-scale data centers, said it had received a notice from Richard L. Leza, Jr. of Sierra Madre, Calif. regarding nomination of two candidates, himself and Steve Montoya of Los Gatos, Calif., for election to Rackable Systems Board of Directors at the Companys 2008 Annual Meeting of Stockholders. Mr. Leza informed the Company that he owns 2,600 shares out of the roughly 29.2 million shares outstanding of Rackable Systems, Inc. common stock. Mr. Leza also submitted an advisory resolution for consideration relating to stockholder approval of executive compensation.
The Boards Nominating and Governance Committee will review and evaluate the proposed nominees and the advisory resolution, said Ronald D. Verdoorn, Board Chairman. The Board has a record of actively working to advance the interests of all stockholders. Over the past nine months, we have recruited a number of new senior executives, including new CEO Mark J. Barrenechea, as well as two new highly qualified independent directors. The Board continues to diligently monitor Rackables performance as the new management team executes on our strategies to drive growth and enhance stockholder value.
Rackable Systems Inc.