With the addition of the two new directors, Youbet's board now has eight members, six of whom are "independent" according to the corporate governance rules of the Nasdaq Stock Market. Donn will serve on the board's Compensation and Strategic Planning Committees. Mr. Liebau will be a member of the Audit Committee.
Youbet shareholders also re-elected six incumbent directors: Chairman and CEO Charles F. Champion, vice chairman David M. Marshall and independent directors Gary Adelson, Joseph F. Barletta, Robert E. Brierley and former Illinois Gov. James Edgar.