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<br /> voiding of the contract, Peter Cosgrove , president of Sequoia, was invited to speak to the
<br /> Board and respond to questions .
<br /> Peter Cosgrove , President and CEO of Sequoia Voting Systems , Inc . , apologized to
<br /> Indian River County and the Commissioners for the problems caused to them as a result of
<br /> the situation . This matter has been in the public domain for about two years since the
<br /> investigation in Louisiana began and, most recently , when their employee was indicted in
<br /> January . He had made certain assumptions as to the extent of knowledge of Election
<br /> Supervisors , as well as Commissioners , and those assumptions were absolutely incorrect as
<br /> evidenced by this Board ' s reaction and clear lack of knowledge . It was a source of great
<br /> regret to him and he personally apologized for that assumption . Mr . Cosgrove continued that
<br /> it was true that their employee , Mr . Phil Foster, was under indictment in the State of
<br /> Louisiana . He assured the Commissioners that there are no allegations against Sequoia
<br /> Voting Systems or against Jefferson Smurfit (the parent organization) and they have fully
<br /> cooperated with the investigation since it started . Mr . Foster has been employed by Sequoia
<br /> for over 10 years and has had an impeccable record during that time . His standing among his
<br /> colleagues , customers , and election officials who know him is extremely high . It came as
<br /> a complete shock when his name was associated with this investigation and when he was
<br /> indicted . This matter reached the highest levels of the company . The company did an
<br /> investigation to determine the legal basis of the indictment and the extent of the company ' s
<br /> exposure . Based on their analysis , they determined that Mr . Foster had not committed any
<br /> illegal activity . It is for the court to decide whether he is guilty or innocent ; Mr . Foster must
<br /> wait for his opportunity in court . It was Mr . Cosgrove ' s decision to support an employee of
<br /> the highest standing . He decided Mr . Foster was deserving of his support and , with the
<br /> approval of his superiors in Jefferson Smurfit, Mr . Foster continued in his position .
<br /> November 20 , 2001
<br /> 26
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