Lon Gorman

Daniel B. Coleman, Lon Gorman, Glenn H. Hutchins and Thomas F. O'Neill were elected to one-year terms. All were members of NASDAQ's Board of Directors in 2006 before the NASDAQ Exchange began to operate. The NASDAQ Exchange was registered with the Securities and Exchange Commission (SEC) as an exchange on January 13, 2006 and began to operate in that capacity on August 1, 2006. NASDAQ Exchange members were required to submit votes by January 26, 2007. Lon Gorman is the retired Vice Chairman of The Charles Schwab Corporation and President of Schwab Institutional and Asset Management. Schwab Institutional and Asset Management consisted of four principal business groups: Charles Schwab Capital Markets, Services for Investment Managers, Asset Management Products and Services, and Schwab Corporate Services. Together they represented over 30% of Schwab's revenues. Mr. Gorman was a member of the Executive Committee of The Charles Schwab Corporation. He served on Schwab's Global Risk Committee. Mr. Gorman joined Schwab in June 1996 following 16 years at Credit Suisse First Boston, where he was Managing Director and head of global equity trading. Prior to CSFB, he was a partner at F. Eberstadt & Co. with responsibility for institutional sales and trading. Mr. Gorman currently serves on the board of directors of The Nasdaq Stock Market, Inc. and NYFIX, Inc. (a leader in technology solutions for the financial marketplace). He served on the National Organization of Investment Professionals (NOIP) board, and was an Advisory Board member of Pace University's Lubin School of Business. He has also served as Vice Chairman of the Board of Directors of the Securities Industry Association (SIA), Co-Chairman of the SIA Market Structure Committee, and as a member of the SIA Public Trust & Confidence Committee and the New York Stock Exchange and NASDAQ Quality of Markets committees. He attended Adelphi University .