EX-1.7 2 a07-29415_1ex1d7.htm EX-1.7

EXHIBIT 1.7

 

Except as otherwise provided in this Exhibit 1.7, or in Exhibit 1.5 to Amendment No. 5, Exhibit 1.4 to Amendment No. 4, Exhibit 1.3 to Amendment No. 3, Exhibit 1.2 to Amendment No. 2 or in Exhibit 1.1 to Amendment No. 1, none of the information regarding the individuals affiliated with Split Rock Partners, LLC and Windamere III, LLC has changed since the filing of Exhibit 1 to Schedule 13D dated November 30, 2004.

 

Scott L. Glenn, Managing Member and Director of Windamere III, LLC and Chairman of Planet Technologies, Inc., by virtue of the Windamere III, LLC acquisition reported on Amendment No. 7, acquired beneficial ownership of 222,000 shares, resulting in Mr. Glenn beneficially owning an aggregate of 1,903,944 shares of Common Stock.  Mr. Glenn submitted his resignation as President and CEO of Planet Technologies, Inc. effective as of April 25, 2007.  In connection with the transaction described on Amendment No. 7, Mr. Glenn entered into:  an Indemnification Agreement dated November 8, 2007 between Planet Technologies, Inc. and Mr. Glenn, a Consulting Agreement dated November 8, 2007 between Planet Technologies, Inc. and Mr. Glenn, a Right of First Refusal and Cosale Agreement dated November 8, 2007 between Planet Technologies, Mr. Glenn, and other stockholders, a Voting Agreement dated November 8, 2007 between Planet Technologies, Inc., Mr. Glenn, and other stockholders, a Letter Agreement dated November 8, 2007 between Aisling Capital, Glenn Holdings, LP, and other stockholders, and a Letter Agreement dated November 8, 2007 between Planet Technologies, Inc. and Glenn Holdings, LP.

 

The names and present principal occupations of the current directors and executive officers of The Travelers Companies, Inc. and St. Paul Fire and Marine Insurance Company are set forth below.  During the last five years, none of the individuals has been convicted in any criminal proceeding (excluding traffic violations and similar misdemeanors) or has been a party to any civil proceeding of a judicial or administrative body as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding violations with respect to such laws.  All of the individuals listed below are citizens of the United States.

 

The Travelers Companies, Inc.

 

Name

 

Position
with
Travelers

 

Present
Principal
Occupation
or
Employment

 

Business Address

 

Shares of
Planet
Technologies
Beneficially
Owned

 

Description of any
contract,
arrangement,
understanding or
relationship with
respect to any
securities of
Planet
Technologies

Alan L. Beller

 

Director

 

Partner, Cleary Gottlieb Steen & Hamilton LLP

 

Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006

 

0

 

None

 



 

Name

 

Position
with
Travelers

 

Present
Principal
Occupation
or
Employment

 

Business Address

 

Shares of
Planet
Technologies
Beneficially
Owned

 

Description of any
contract,
arrangement,
understanding or
relationship with
respect to any
securities of
Planet
Technologies

John H. Dasburg

 

Director

 

Chairman and Chief Executive Officer, ASTAR Air Cargo, Inc.

 

ASTAR Air Cargo, Inc.
2 South Biscayne Blvd.,
Suite 3663
Miami, FL  33131

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Janet M. Dolan

 

Director

 

Retired Chief Executive Officer and President, Tennant Company

 

Office of Janet Dolan
7260 University Ave NE
Suite 160
Fridley, MN  55432

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Kenneth M.
Duberstein

 

Director

 

Chairman and Chief Executive Officer, The Duberstein Group, Inc.

 

The Duberstein Group
2100 Pennsylvania Ave.
NW, Suite 500
Washington, DC 20037

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Jay S. Fishman

 

Chairman, Chief Executive Officer, President and Director

 

Chairman, Chief Executive Officer and President of The Travelers Companies, Inc.

 

The Travelers
Companies, Inc.
385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Lawrence G. Graev

 

Director

 

Chairman, Chief Executive Officer and President, The GlenRock Group, LLC

 

The GlenRock Group,
LLC
Tower 56
126 East 56th Street
New York, NY  10022

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Patricia L. Higgins

 

Director

 

Retired President and Chief Executive Officer of Switch and Data Facilities, Inc.

 

432 Buttonwood Lane
Largo, FL 33770

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Thomas R. Hodgson

 

Director

 

Retired President and Chief Operating Officer, Abbott Laboratories

 

225 E. Deerpath
Suite 222
Lake Forest, IL 60045

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Cleve L. Killingsworth, Jr.

 

Director

 

President and Chief Executive Officer of Blue Cross and Blue Shield of Massachusetts, Inc.

 

Blue Cross and Blue
Shield of Massachusetts,
Inc.
401 Park Avenue
Boston, MA 02215

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Robert I. Lipp

 

Director

 

Senior Advisor, JPMorganChase & Co.

 

JPMorganChase & Co.
270 Park Avenue
New York, NY  10017

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Blythe J. McGarvie

 

Director

 

President, Leadership for International Finance

 

Leadership for
International Finance
3025 River Oaks Road
Williamsburg, VA 23185

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Glen D. Nelson, M.D.

 

Director

 

Retired Vice Chairman, Medtronic, Inc.

 

301 Carlson Parkway,
Suite 315
Minnetonka, MN 55305

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Laurie J. Thomsen

 

Director

 

Partner, New Profit, Inc.

 

235 Nashawtuc Road
Concord, MA 01742

 

0

 

None

 



 

Name

 

Position
with
Travelers

 

Present
Principal
Occupation
or
Employment

 

Business Address

 

Shares of
Planet
Technologies
Beneficially
Owned

 

Description of any
contract,
arrangement,
understanding or
relationship with
respect to any
securities of
Planet
Technologies

John J. Albano

 

Executive Vice President-Business Insurance

 

Executive Vice President-Business Insurance of The Travelers Companies, Inc.

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Bruce A. Backberg

 

Senior Vice President and Corporate Secretary

 

Senior Vice President and Corporate Secretary of The Travelers Companies, Inc.

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Jay S. Benet

 

Vice Chairman & Chief Financial Officer

 

Vice Chairman & Chief Financial Officer of The Travelers Companies, Inc.

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Andy F. Bessette

 

Executive Vice President – Chief Administrative Officer

 

Executive Vice President – Chief Administrative Officer of The Travelers Companies, Inc.

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

William A. Bloom

 

Executive Vice President-Insurance Operations & Information Technology

 

Executive Vice President-Insurance Operations & Information Technology of The Travelers Companies, Inc.

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Kathleen L. Bolduc

 

Executive Vice President, Chief Marketing Officer

 

Executive Vice President, Chief Marketing Officer of The Travelers Companies, Inc.

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Irwin R. Ettinger

 

Vice Chairman

 

Vice Chairman of The Travelers Companies, Inc.

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

William P. Hannon

 

Executive Vice President-Enterprise Risk Management & Business Conduct Officer

 

Executive Vice President-Enterprise Risk Management & Business Conduct Officer of The Travelers Companies, Inc.

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

William H. Heyman

 

Vice Chairman & Chief Investment Officer

 

Vice Chairman & Chief Investment Officer of The Travelers Companies, Inc.

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Joseph P. Lacher, Jr.

 

Executive Vice President – Personal Insurance

 

Executive Vice President – Personal Insurance of The Travelers Companies, Inc.

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 



 

Name

 

Position
with
Travelers

 

Present
Principal
Occupation
or
Employment

 

Business Address

 

Shares of
Planet
Technologies
Beneficially
Owned

 

Description of any
contract,
arrangement,
understanding or
relationship with
respect to any
securities of
Planet
Technologies

Brian W. MacLean

 

Executive Vice President & Chief Operating Officer

 

Executive Vice President & Chief Operating Officer of The Travelers Companies, Inc.

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Maria Olivo

 

Executive Vice President, Market Development and Investor Relations

 

Executive Vice President, Market Development and Investor Relations of The Travelers Companies, Inc.

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Douglas K. Russell

 

Senior Vice President, Controller & Treasurer

 

Senior Vice President, Controller & Treasurer of The Travelers Companies, Inc.

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Alan D. Schnitzer

 

Vice Chairman and Chief Legal Officer

 

Vice Chairman and Chief Legal Officer of The Travelers Companies, Inc.

 

485 Lexington Avenue
New York, NY 10017

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Doreen Spadorcia

 

Executive Vice President - Claim Services

 

Executive Vice President – Claim Services of The Travelers Companies, Inc.

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Kenneth F. Spence, III

 

Executive Vice President and General Counsel

 

Executive Vice President and General Counsel of The Travelers Companies, Inc.

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

St. Paul Fire and Marine Insurance Company

 

Name

 

Position
with F&M

 

Present
Principal
Occupation
or
Employment

 

Business Address

 

Shares of
Planet
Technologies
Beneficially
Owned

 

Description of any
contract,
arrangement,
understanding or
relationship with
respect to any
securities of
Planet
Technologies

John J. Albano

 

Executive Vice President, Business Insurance

 

Executive Vice President, Business Insurance of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Bruce A. Backberg

 

Senior Vice President & Corporate Secretary

 

Senior Vice President & Corporate Secretary of F&M

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 



 

Name

 

Position
with F&M

 

Present
Principal
Occupation
or
Employment

 

Business Address

 

Shares of
Planet
Technologies
Beneficially
Owned

 

Description of any
contract,
arrangement,
understanding or
relationship with
respect to any
securities of
Planet
Technologies

Jay S. Benet

 

Vice Chairman & Chief Financial Officer and Director

 

Vice Chairman & Chief Financial Officer and Director of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Andy F. Bessette

 

Executive Vice President & Chief Administrative Officer and Director

 

Executive Vice President & Chief Administrative Officer and Director of F&M

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

William A. Bloom

 

Executive Vice President – Insurance Operations & Information Technology and Chief Information Officer

 

Executive Vice President –Insurance Operations & Information Technology and Chief Information Officer of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Kathleen L. Bolduc

 

Executive Vice President, Chief Marketing Officer

 

Executive Vice President, Chief Marketing Officer Development of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Irwin R. Ettinger

 

Vice Chairman

 

Vice Chairman of F&M

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

William P. Hannon

 

Executive Vice President-Enterprise Risk Management & Business Conduct Officer

 

Executive Vice President-Enterprise Risk Management, & Business Conduct Officer of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

William H. Heyman

 

Vice Chairman & Chief Investment Officer and Director

 

Vice Chairman & Chief Investment Officer and Director of F&M

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Michael F. Klein

 

President-Commercial Accounts

 

President-Commercial Accounts of F&M

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Joseph P. Lacher, Jr.

 

Executive Vice President, Personal Insurance and Director

 

Executive Vice President, Personal Insurance and Director of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Brian W. MacLean

 

Chairman, President and Chief Executive Officer and Director

 

Chairman, President and Chief Executive Officer and Director of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 



 

Name

 

Position
with F&M

 

Present
Principal
Occupation
or
Employment

 

Business Address

 

Shares of
Planet
Technologies
Beneficially
Owned

 

Description of any
contract,
arrangement,
understanding or
relationship with
respect to any
securities of
Planet
Technologies

Maria Olivo

 

Executive Vice President, Market Development and Investor Relations

 

Executive Vice President, Market Development and Investor of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Douglas K. Russell

 

Senior Vice President, Controller & Treasurer

 

Senior Vice President, Controller & Treasurer of F&M

 

One Tower Square
Hartford. CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Alan D. Schnitzer

 

Vice Chairman and Chief Legal Officer

 

Vice Chairman and Chief Legal Officer of F&M

 

485 Lexington Avenue
New York, NY 10017

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Doreen Spadorcia

 

Executive Vice President, Claim and Director

 

Executive Vice President, Claim and Director of F&M

 

One Tower Square
Hartford, CT 06183

 

0

 

None

 

 

 

 

 

 

 

 

 

 

 

Kenneth F. Spence, III

 

Executive Vice President & General Counsel and Director

 

Executive Vice President & General Counsel and Director of F&M

 

385 Washington Street
St. Paul, MN 55102

 

0

 

None