BOARD OF DIRECTORS AND CORPORATEGOVERNANCEEach of the following directors has been nominated for election or re-election at the Annual Meeting.As set forth below, we believe each of these directors brings a valuable and unique perspective to theBoard of Directors and has the necessary experience, skills and attributes to serve on the Board ofDirectors and contribute to its overall effectiveness, and the Board of Directors has concluded thateach is qualified to serve as a director based on the experiences, qualifications and attributes set forthbelow.Leonard S. ColemanDirector since 2001Mr. Coleman, age 69, served as Senior Advisor to Major League Baseball from 1999 until 2005 and,from 2001 to 2002, was the Chairman of ARENACO, a subsidiary of Yankees/Nets. Mr. Coleman wasPresident of The National League of Professional Baseball Clubs from 1994 to 1999. Mr. Coleman alsoserves on the board of directors of Avis Budget Group, Inc., Hess Corporation and Omnicom GroupInc. and has served as a director of Aramark and Churchill Downs Incorporated during the past fiveyears.Mr. Coleman brings a wealth of corporate governance, public sector and international experience tothe Board of Directors from his years of service on the boards of directors for numerous large, publiccompanies and his involvement in diverse public-service or
ganizations, as well as his extensiveknowledge of the sports industry.Jay C. HoagDirector since 2011Mr. Hoag, age 60, co-founded Technology Crossover Ventures, a leading provider of growth capital totechnology companies, in 1995, and serves as its Founding General Partner. Mr. Hoag serves on theboard of directors of Netflix, Inc., TripAdvisor, Inc. and Zillow Group, Inc. and several privatecompanies. Mr. Hoag also serves on the Boards of Trustees of Northwestern University and VanderbiltUniversity, and on the Investment Advisory Board of the University of Michigan. Mr. Hoag has servedas a director of TechTarget, Inc. during the past five years. Mr. Hoag holds a B.A. from NorthwesternUniversity and an M.B.A. from the University of Michigan.As a venture capital investor, Mr. Hoag brings strategic insight and financial experience to the Board ofDirectors. He has evaluated, invested in and served as a board member and compensation committeemember at numerous companies, both public and private, and is familiar with a full range of corporateand board functions. His many years of experience in helping companies shape and implementstrategy provide the Board of Directors with useful perspectives on matters such as risk management,compensation program structure and design, corporate governance, talent selection and management.