k12 considers the majority of its entire curriculum proprietary, whether k12 is branding existing ma

k12 considers the majority of its entire curriculum proprietary, whether k12 is branding existing materials with its logo and modifying the associated lesson plans or creating the entire course from scratch. k12’s K-8 curriculum includes thousands of lessons that consist primarily of existing, high-quality materials that k12 has modified to better suit the needs of student, parent and teacher. 13.7. Management and Board of Directors The following table sets forth certain information regarding k12’s management and directors. For more detailed biographical information, see Appendix A. Name Position Ron Packard Chairman and Founder / acting Chief Executive Officer and member of the Board of Directors John Baule Executive Vice President and Chief Financial Officer Bror Saxberg Senior Vice President of Learning and Content Thomas Boysen Senior Vice President and Chief School Officer Charles Zogby Senior Vice President of Education Policy Peter Stewart Vice President of the Charter School Division Bryan Flood Vice President of Government Relations John Holdren Senior Vice President of Curriculum Name Position Arthur Bilger Managing Member of Shelter Capital Partners Steven B. Fink Chief Executive Officer of Lawrence Investments, LLC Chester Finn President of the Thomas B. Fordham Foundation Lowell J. Milken President and Chief Executive Officer of KUE Andrew H. Tisch Chairman of Executive Committee of Loews Corporation Thomas Wilford Chief Executive Officer of the J.A. and Kathryn Albertson Foundation, Inc. Liza Boyd Vice President Constellation Ventures / Bear Stearns Asset Management 13.8. Summary Financial Information and Projections Discussion The following summary historical financial data and the percentages of expected 2006 revenue presented in the headings above are based on historical financial statements. The following projected financial data presented below is based on assumptions management believes to be reasonable, but which are inherently uncertain and may not be realized. k12’s ability to perform as projected depends on a number of variables that cannot be predicted with certainty and actual performance could be adversely affected by a number of factors, including those described in “Risk Factors,” particularly the risk factor related to projections elsewhere in this Memorandum. Also see “Forward-Looking Statements.” 112 HOUSE_OVERSIGHT_024545