Question-and-Answer Session
Operator
(Operator's instructions) Your first question comes from the line of Neil Weiner - Foxhill Capital Partners.
Neil Weiner - Foxhill Capital Partners
I have several questions. Let me start with the first one. When you said the Board unanimously agreed for the Company to be standalone, can you tell me if all directors voted or are there any absentee or no-show directors?
Ken Denman
Unanimous decision.
Neil Weiner - Foxhill Capital Partners
That is not what I asked. I asked, were there any directors who abstained or did not show?
Ken Denman
This was a unanimous decision by the Board and beyond that, I do not have any comment.
Neil Weiner - Foxhill Capital Partners
Can you tell me how many bids there were and if any of the bids were higher than the stock price where it is now?
Ken Denman
We do not plan to disclose the confidence of details of the presentation. They were the basis of the Board's unanimous decisions, Neil.
Neil Weiner - Foxhill Capital Partners
Okay, let me move on to something else. Can you tell me, for your exit payment, the number of $400,000 to $600,000, was that contractually obligated to that number of iPass?
Ken Denman
Could you repeat the question?
Neil Weiner - Foxhill Capital Partners
Can you tell me if the number of $400,000 to $600,000 as the iPass is taking as a restructuring charge? Is that are you to receive that contractually under your employment agreement or how did the Board arrive at that number?
Ken Denman
It is inline with the employment agreement.
Neil Weiner - Foxhill Capital Partners
Okay and let me move on to third question. Is Mr. [Belitec] as new chairman, how was he selected and is he getting any additional compensation for being chairman?
Ken Denman
The Board followed all of the nominal governance processes lead by the nominating governance committee to make the decisions that it is made regarding the selection of a new chair and any information regarding compensation of that chair will be publicly available in the appropriate filings, Neil. So, I want to thank you for your call and your questions this afternoon and we are going to the next question.
Operator
Your next question comes from the line of Fred Ziegel - Soleil Securities. Mr. Ziegel, please proceed with your question.
Fred Ziegel - Soleil Securities
What was going on in broadband in the quarter because it was pretty flat?
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