On May 8, 2009, Jonathan Skoglund, the Principal Accounting Officer of Rackable Systems, voluntarily terminated his employment with Rackable Systems effective on or about June 8, 2009. Mr. Skoglund will cease to be the Principal Accounting Officer of Rackable Systems as of May 14, 2009.



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Appointment of Principal Accounting Officer
On May 14, 2009 the Board of Directors of Rackable Systems appointed Tim Pebworth as Rackable System's Vice President, Corporate Controller and Chief Accounting Officer.

Tim Pebworth, 43, joined Rackable Systems on May 9, 2009. Prior to joining Rackable Systems, Mr. Pebworth was the Vice President, Corporate Controller and Chief Accounting Officer for Silicon Graphics, Incorporated from May 2008 to May 2009. Mr. Pebworth served as the Chief Financial Officer of 24/7 Customer, Inc. from April 2007 to April 2008 and as the Corporate Controller from April 2005 to March 2007. From December 2002 to March 2005, Mr. Pebworth was a Senior Finance Manager at Intel Corporation serving in the Technology Manufacturing Group overseeing Microprocessor, Chipset and Flash costing and inventory. Prior to leaving Intel in April 2005, and while still serving in his capacity in the Technology Manufacturing Group, Mr. Pebworth was promoted to a Controller position.