NANOPHASE TECHNOLOGIES CORPORATION On November 15, 2012, before the start of the 2012 Annual Meeting of Stockholders of Nanophase Technologies Corp., the Board of Directors of the company met and Mr. Jerry K. Pearlman, Director of the company since 1999, notified the Board that for personal reasons he was retiring from the Board effective immediately. During the Board meeting, several changes were made to the composition of the Board committees. Mr. W. Ed Tyler was appointed to the Compensation and Governance Committee and will serve as its Chairman, replacing Mr. Pearlman.
Dr. Richard W. Siegel was appointed to the Audit and Finance Committee, replacing Mr. Pearlman. The Board determined that Dr. McClung and Mr. Vincent, both members of the Audit and Finance Committee, are audit committee financial experts. Mr. W. Ed Tyler and Ms. R. Janet Whitmore were appointed to the Nominating Committee of the company, replacing Mr. Pearlman.
