Board of Directors

Steven G. Mihaylo

Chairman of the Board

Mr. Mihaylo was the founder, Chairman and CEO of Inter-Tel, Incorporated and served in such capacity from inception in 1969 through February 2006, and then as a director of Inter-Tel Incorporated until its sale to a private equity group in 2007. Mr. Mihaylo holds a Bachelor of Business Administration from Cal State Fullerton 1969. Mr. Mihaylo spent three years in the U.S. Army, where he took on tailoring jobs for additional cash. He attended Cal State Fullerton on the GI Bill, and he supported himself by working the 11 p.m. to 7 a.m. shift at McDonnell Douglas. Mr. Mihaylo moved out of Orange County to Phoenix and founded Inter-Tel in 1969 as a division of Panoramic Audio — a company he had worked for while attending college. By 1975, the company had sales revenue of $1 million. Mihaylo served as CEO until February 2006, the year annual revenues topped more than $458 million; the company was sold in 2007. In January 2008 Mr. Mihaylo donated $30 million to his alma mater Cal-State Fullerton and later that month California State’s largest business school adopted the name “Steven G. Mihaylo School of Business and Economics”.

Perry D. Logan

President, CEO, Director and Member of Corporate Governance Committee

Perry Logan has been a director of the Company since January 2007 and became an officer of the Company in May 2007. His business career is centered predominantly in the automotive industry as an owner of several major dealerships in the greater Phoenix area, as well as interests in dealerships in other regions since 1965.

Ted F. Marek

Director, Member of Audit and Corporate Governance Committee, CFO and Corporate Secretary Treasurer

Ted Marek has been a director of the Company since January 2007 and became an officer of the Company in October 2007. He is the currently the Principal and Designated Broker of Ted Marek Real Estate Co., Inc. in Scottsdale, Arizona. Mr. Marek has been active in the Phoenix commercial real estate market for over 30 years. He has been very instrumental in the movement and placement of automotive dealerships, site selection, sales and acquisition in the Phoenix Metro area.

Wesley G. Sprunk

Director and Member of Audit Committee

Wes Sprunk has been a director of the Company since May 2006. He has been the President of Tire Service Equipment Mfg., Inc. and Saf-Tee Siping & Grooving, Inc. since September 1998. The main office for these companies is in Phoenix, Arizona with manufacturing plants in Alamogordo, New Mexico and Monticello, Minnesota. Tire Service Equipment Mfg., Inc./Saf-Tee Siping & Grooving, Inc. manufactures automotive wheel service equipment and recycling equipment. It markets these products in the U.S. and foreign countries and presently has 300+ distributors. Wes Sprunk is also a Board member with Amerityre Corporation, a NASDAQ public company (NASDAQ: AMTY) located in Boulder City, Nevada. Amerityre specializes in urethane polycomposites and the company’s mission is to replace rubber in most applications, including tires.

Board of Directors excerpt from the SKYE Corporate Governance and Director’s Handbook

The Company’s Board shall be comprised of not less than five (5) or more than eleven (11) members. At all times there must be a majority of independent directors comprising the board. Please refer to this handbook to determine whether any particular director meets the “independent” qualifications. Other than officers of the Board that are elected for specific three (3) year terms, all other directors are re-elected on an annual or bi-annual basis so as to ensure continuity.

The Board in addition to being comprised of several members are also administered and guided by officers of the board of directors. These positions are three (3) year renewable terms and are elected by all directors to each respective office. These board positions include the following:

1. Chairman: The Lead director who calls and presides over meetings of the Board and has the powers given under Nevada Statute and the company’s Articles.

2. Secretary: The director who is responsible for recording the minutes of all meetings of the Board and its respective committees.

3. Treasurer: The director who is responsible for overseeing all financial matters of the company and reporting same to the Board. The Treasurer shall chair all meetings of the Audit Committee.

To read more about the Board of Directors Organization Structure, please read pages 19-21 of the following PDF:

Download PDF (1.6MB)