We engaged in discussions with SilverArrow over several months in 2015 in a good-faith effort to reach a settlement and avoid this costly and distracting proxy fight. The Company's good faith efforts included our offe r in December 2015 to expand the ROFIN Board to allow for an additional director, and to immediately appoint one of SilverArrow's nominees, Mr. Gebhard Rainer, as that additional director. Had our offer been accepted, Mr. Rainer would have been appointed as a director for a term expiring in 2017, and first standing for re-election at next year's Annual Meeting of Stockholders. We found SilverArrow's other two nominees, Messrs. Limberger and Kovler, to lack the knowledge, experience or character to serve as effective ROFIN directors.