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Jerry N. Ellis was elected a director in November 2000. His term as director will expire at the annual meeting of stockholders to be held in 2006. Mr. Ellis has over 30 years of auditing and accounting experience. From 1994 to 2000, Mr. Ellis was a consultant at Arthur Andersen LLP for services focusing on international auditing, audit committee practices, business risk management and training. From 1973 to 1994, he was a partner at Arthur Andersen LLP in their Dallas, Madrid and Chicago offices. From 1962 to 1973, Mr. Ellis was an auditor at Arthur Andersen LLP. Mr. Ellis is a director of Akorn, Inc. Mr. Ellis is also an Adjunct Professor of Advanced Auditing at the University of Iowa. Mr. Ellis is a Certified Public Accountant and received a B.B.A. and an M.B.A. degree from the University of Iowa.
Mr. Ellis became a director of of Akorn, Inc. in September 2001 and continues to serve in that capacity. In April 2002, Akorn, Inc. announced that the Securities and Exchange Commission ("SEC") informed it that the SEC planned to bring an enforcement action against Akorn, Inc. On September 25, 2003, without admitting or denying the SEC's findings, Akorn, Inc. consented to a cease and desist order to resolve the SEC's investigation. | 