(b) At a meeting held on January 31, 2005, the Board of Directors of Industrial Services of America, Inc. accepted the resignation of Director James E. Vining, effective as of February 1, 2005. Mr. Vining resigned to devote more time to his own business. |
(d) On January 31, 2005, the Board of Directors elected Orson Oliver to serve as a member of the Board of Directors of Industrial Services of America, Inc., to fill the vacancy caused by the resignation of James E. Vining, effective as of February 1, 2005. The Board of Directors also appointed Mr. Oliver to the Audit Committee and the Nominating Committee, of which Mr. Oliver will serve as chair. Mr. Oliver, age 61, is currently an independent business consultant with over thirty-five years of experience in banking and financial consulting. Mr. Oliver began his career in 1968 as an attorney with the U.S. Treasury Department in Washington, D.C. In September of 1975, he joined Bank of Louisville as general counsel. In November of 1985, he became president of the Bank of Louisville. When it was acquired in 2003, the Bank of Louisville had assets of $1.6 billion and was the largest, locally managed bank in Louisville, Kentucky. Since his retirement from banking in February of 2004, Mr. Oliver has worked as an independent general business consultant for the Al J. Schneider Company, a corporation with a number of large hotels and real estate holdings in the Louisville, Kentucky area. Since May 2004, Mr. Oliver has also worked as an independent general business consultant for PNC Bank, which is headquartered in Pittsburgh, Pennsylvania, with assets of $77.3 billion. Mr. Oliver has been a memb er of the Board of Directors of The Rawlings Company, LLC since January 1997 and the Al J. Schneider Company since February, 2004. |
