SM&A directors re-elected at shareholders meeting

By Susanna Moon

Chicago, May 23 - SM&A said its nine current directors were re-elected at the company's annual shareholders meeting on Friday.

Directors re-elected were Dwight L. Hanger, chairman; Cathy L. McCarthy, president and chief executive officer; Peter Pace, general, United States Marine Corps (retired), president and CEO of SM&A Strategic Advisors, Inc.; William C. Bowes; J. Christopher Lewis; Dr. Joseph B. Reagan; Robert Rodin; John P. Stenbit; and Robert J. Untracht.

On May 22, the company's president and chief executive Cathy McCarthy and the company's founder, retired chairman and chief executive officer, Steven Myers, announced that they had reached an agreement to resolve the pending proxy contest for the benefit of all the company's stockholders, employees and clients.

Under terms of the agreement, SM&A has agreed to add two new independent board members from a pool of candidates to be recommended by major shareholders, including Myers, and approved by the board.

They will replace two existing directors who will voluntarily resign, the company added.

Myers will vote his stock for SM&A's nine current directors at the company's annual meeting on Friday. He also agreed to a standstill agreement that expires in advance of the company's 2010 annual meeting.

"We met with each of our major stockholders over the past few weeks and we take their input seriously," McCarthy said in a news release.

"We are extremely gratified by the overwhelming support we received for the steps we have taken and are taking to enhance the future of the company. With this contest behind us, I look forward to an open dialogue with Steve and knowing he is available to share his insights and experience."

Based in Newport Beach, Calif., SM&A is a management consulting firm.

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