1. Adopted a provision which divides the Board into three classes having
staggered terms. The initial term of Class I directors shall expire at
the first annual meeting of stockholders following the 2008 annual
meeting of stockholders. For Class II directors, the initial term
shall expire at the second annual meeting of stockholders following
the 2008 Annual Meeting. And for Class III directors, the initial term
shall expire at the third annual meeting of stockholders following the
2008 Annual Meeting. After the initial terms, each class of directors
shall be elected to full 3 year terms. At the 2008 Annual Meeting, the
stockholders will be asked to elect directors to each class as
recommended by the Corporate Governance and Nominating Committee of
the Board;
2. Adopted a provision that a director elected by the Board to fill a
vacancy shall serve for the unexpired term of that director; and
3. Deleted the provision permitting stockholders to take action by
written consent in lieu of a meeting.
The Company also reported that
Regarding shareholder communications, Dr.
About SulphCo, Inc.
The Company has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The Company's technology is designed to upgrade sour heavy crude oils into sweeter, lighter crude oils, producing more gallons of usable oil per barrel.
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
SOURCE SulphCo, Inc.
