Fact-Finding.org Completes Investigation Into Charles S. Jones Compensation at Geac

NEW YORK, NY--(Marketwire - Aug 21, 2012) - Fact-Finding.org, a research organization that assists primarily hedge funds and private equity funds in their critical research, recently completed a thorough investigation on the compensation history of Charles S. Jones, who had previously been Chairman and then Chief Executive Officer of Geac Computer Corporation, Ltd., one of the largest software companies in Canada before it was acquired by Golden Gate Capital in 2006. A summary of the declined compensation by Charles S. Jones is as follows:

Date	Quantity	Value per Unit	Total Value		Description
Dec 00 - Jul 03	2.7 years	C$440,910/yr2	C$1,190,457		Mr. Jones declined a salary as chairman of $440,910 offered by the Board, as the previous Chairman, Bill Nelson, had received.2
9/25/2000	40,0003	C$3.561	C$142,240		Mr. Jones declined a grant of 40,000 options with an exercise price of C$9.32 per share.3
8/15/2001	200,000	C$8.681	C$1,725,200		Mr. Jones declined a grant of 200,000 stock appreciation rights with an exercise price of C$4.20 per share.
12/4/2001	400,000	C$6.511	C$2,602,400		Mr. Jones declined a grant of 400,000 options (of 1,000,000 proposed by the board) with an exercise price of C$6.37 per share.
6/29/2004	n/a	n/a	C$133,113		Mr. Jones declined US$115,000 of his bonus.4
2/24/2005	929,0005	C$12.881	C$11,961,804		Mr. Jones declined 929,000 Restricted Stock Units (RSUs) of a total offered by the Board of 1,229,000, accepting only 300,000 RSUs. Mr. Jones had initially requested 250,000 RSUs instead of 300,000.5
TOTAL:			C$17,767,214		Equivalent to US$15,314,839.

Notes:

1. Geac was sold on 3/14/06 for US$11.10 per share, which equates to C$12.88 at prevailing exchange rates.

2. Mr. Nelson received a salary in his capacity as Executive Chairman, while Mr. Jones declined a salary. Mr. Jones was Chairman for 2.7 years, from December 2000 to July 2003. See this excerpt from the 2001 proxy filing, or see Page 18 of the complete document at the Canadian SEDAR database: "Mr. Charles S. Jones has received no compensation other than the retainers referred to above and other than fees for attending board and committee meetings. He has declined other forms of compensation, including salary and any additional retainer for being Chairman customarily paid by the Corporation." Mr. Nelson's salary of $440,910 was listed on page 11 of the 2000 proxy: see this excerpt or the Entire document at SEDAR.

3. Mr. Jones' declining his 40,000 options was disclosed in the Geac 2001 Proxy filing. See this excerpt from the Proxy, or see Page 28 of the complete document at the Canadian SEDAR database: "Mr. Jones declined the 40,000 options offered to him in September 2000."

4. Mr. Jones was offered $690,000 in bonus by the board, but opted to accept only $575,000. See Management Information Circular Excerpt or the entire document at SEDAR: (Page 9): "The Board of Directors approved a bonus for Mr. Jones for fiscal year 2004 in the amount of $690,000. However, Mr. Jones has opted to accept only $575,000 of that bonus."

5. Mr. Jones was granted 1,229,000 Restricted Stock Units (RSUs) by the board of directors, but opted to take only 300,000. See this excerpt of the 2005 Geac Proxy filing, or the entire document at SEDAR. "While the Human Resources and Compensation Committee unanimously resolved to recommend that the Board of Directors grant 614,500 RSUs to Mr. Jones for the fiscal year ending April 30, 2005 and an additional 614,500 RSUs for the fiscal year ending April 30, 2006 for a total of 1,229,000 RSUs, Mr. Jones indicated that he would not be prepared to accept such a grant. Consequently, Mr. Jones was awarded 300,000 RSUs in respect of the fiscal year ending on April 30, 2005 vesting 20% on November 1, 2005, an additional 30% on November 1, 2006 and the remaining 50% on November 1, 2007."

The following is a history of payments made to Charles S. Jones by Geac for Director Services. Mr. Jones was a director at Geac beginning in 1997.

History of Payments to Charles S. Jones by Geac for Director Services

Linked Document	Source	Date		Summary
Proxy Excerpt	SEDAR	17-Sep-2001		Page 20: "Mr. Charles S. Jones has received no compensation other than the retainers referred to above and other than fees for attending board and committee meetings. He has declined other forms of compensation, including salary and any additional retainer for being Chairman customarily paid by the Corporation." The full original document can be found at SEDAR.
Management Information Circular Excerpt	SEDAR	19-Aug-2004		The complete original document can be found at SEDAR. Mr. Jones was offered $690,000 in bonus by the board; "However, Mr. Jones has opted to accept only $575,000 of that bonus."
Management Information Circular Excerpt	SEDAR	16-Aug-2005		The complete original document can be found at SEDAR. Page 12: "While the Human Resources and Compensation Committee unanimously resolved to recommend that the Board of Directors grant 614,500 RSUs to Mr. Jones for the fiscal year ending April 30, 2005 and an additional 614,500 RSUs for the fiscal year ending April 30, 2006 for a total of 1,229,000 RSUs, Mr. Jones indicated that he would not be prepared to accept such a grant. Consequently, Mr. Jones was awarded 300,000 RSUs in respect of the fiscal year ending on April 30, 2005 vesting 20% on November 1, 2005, an additional 30% on November 1, 2006 and the remaining 50% on November 1, 2007."

About Fact-Finding.org

Fact-Finding is a research organization that assists hedge funds, private equity investors, and strategic acquirers with detailed, fact-based research into their potential and current investments. Fact-Finding is retained to assist with financial, technological, legal and other types of due diligence, and our team spends significant time researching and verifying facts used by our clients to make decisions. For more information about Fact-Finding.org, please visit our website at www.fact-finding.org.