[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR228.401]

[Page 322-323]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 228--INTEGRATED DISCLOSURE SYSTEM FOR SMALL BUSINESS ISSUERS--Table of Contents
 
                        Subpart A--Regulation S-B
 
Sec. 228.401  (Item 401) Directors, Executive Officers, Promoters and Control Persons.

    (a) Identify directors and executive officers. (1) List the names 
and ages of all directors and executive officers and all persons 
nominated or chosen to become such;

[[Page 323]]

    (2) List the positions and offices that each such person held with 
the small business issuer;
    (3) Give the person's term of office as a director and the period 
during which the person has served;
    (4) Briefly describe the person's business experience during the 
past five years; and
    (5) If a director, identify other directorships held in reporting 
companies naming each company.
    (b) Identify Significant Employees. Give the information specified 
in paragraph (a) of this Item for each person who is not an executive 
officer but who is expected by the small business issuer to make a 
significant contribution to the business.
    (c) Family relationships. Describe any family relationships among 
directors, executive officers, or persons nominated or chosen by the 
small business issuer to become directors or executive officers.
    (d) Involvement in certain legal proceedings. Describe any of the 
following events that occurred during the past five years that are 
material to an evaluation of the ability or integrity of any director, 
person nominated to become a director, executive officer, promoter or 
control person of the small business issuer:
    (1) Any bankruptcy petition filed by or against any business of 
which such person was a general partner or executive officer either at 
the time of the bankruptcy or within two years prior to that time;
    (2) Any conviction in a criminal proceeding or being subject to a 
pending criminal proceeding (excluding traffic violations and other 
minor offenses);
    (3) Being subject to any order, judgment, or decree, not 
subsequently reversed, suspended or vacated, of any court of competent 
jurisdiction, permanently or temporarily enjoining, barring, suspending 
or otherwise limiting his involvement in any type of business, 
securities or banking activities; and
    (4) Being found by a court of competent jurisdiction (in a civil 
action), the Commission or the Commodity Futures Trading Commission to 
have violated a federal or state securities or commodities law, and the 
judgment has not been reversed, suspended, or vacated.