NASD Notice to Members 05-76 - November 2005

Nominees for NASD Board of Governors

Executive Summary

The Annual Meeting of NASD members will be held on February 3, 2006. The formal notice of the meeting, including the precise time and location, will be mailed on or about December 29, 2005. The individuals nominated by the NASD National Nominating Committee (NNC) for election to the NASD Board of Governors (NASD Board) are identified in this Special Notice. Pursuant to Article VII, Section 10, of the NASD By-Laws, a person who has not been so nominated for election to the NASD Board may be included on the ballot for the election of governors if:


(a) within 45 days after the date of this Special Notice, such person presents to the Secretary of NASD petitions in support of such nomination duly executed by at least three percent of NASD members. As of the date of this Special Notice, NASD has 5,166 voting members; therefore, the applicable three percent threshold is 155 members. No member may endorse more than one such nominee. If, however, a candidate's name appears on a petition in support of a slate of more than one nominee, the slate must be endorsed by 10 percent of NASD's voting members. The applicable 10 percent threshold is 516 members; and


(b) the Secretary certifies that such petitions have been duly executed by the executive representatives of the requisite number of NASD members, and the person being nominated satisfies the classification of the governorship to be filled based on the information provided by the person as is reasonably necessary for the Secretary to make the certification.


Questions regarding this Special Notice may be directed to:


Barbara Z. Sweeney

Senior Vice President and Corporate Secretary


1735 K Street, NW

Washington, DC 20006-1500

(202) 728-8062




T. Grant Callery

Executive Vice President and General Counsel


1735 K Street, NW

Washington, DC 20006-1500

(202) 728-8285