LEGISLATIVE RESOLUTION congratulating Leo A. Guthart upon the occasion
of his designation for special recognition as a 2010 Inductee of the
Long Island Technology Hall of Fame

WHEREAS, It is the sense of this Legislative Body to acknowledge
outstanding individuals whose professional lives, personal endeavors and
community service are an example and inspiration to their colleagues,
friends, and family; and
WHEREAS, Attendant to such concern, and in full accord with its long-
standing traditions, this Legislative Body is justly proud to congratu-
late Leo A. Guthart upon the occasion of his designation for special
recognition as a 2010 Inductee of the Long Island Technology Hall of
Fame; and
WHEREAS, The objective of the Long Island Technology Hall of Fame
(LITHF) is to recognize, honor and preserve the contributions, accom-
plishments, and dedication of historical figures or current leaders in
science or technology who have had, or are having, an impact on Long
Island; and
WHEREAS, LITHF adds a critical layer of enlightened philanthropy to
Long Island's economic engine; similar to the role played by venture
capitalists, the LITHF is an important bridge through which many compa-
nies, remembering their humble beginnings, give back to their community;
and
WHEREAS, Inductees to the LITHF are selected impartially from among
individual nominees submitted by corporate, research, and academic
institutions, as well as colleagues, peers, or other personal associ-
ates; and
WHEREAS, The LITHF Nomination and Awards Selection Committee
then determines the most qualified inductees according to intellectual
acumen, lifetime achievement, overall impact on the advancement of
science and technology, national prominence, contributions to Long
Island's economic development and commitment to the Long Island communi-
ty; and
WHEREAS, Leo A. Guthart currently manages Topspin Partners, a venture
capital fund, and Topspin Partners LBO, a buyout fund, both based on
Long Island; previously, he served as Chairman of the Security and Fire
Solutions Group of Honeywell International; and
WHEREAS, In addition, in 2000, Leo A. Guthart served as Vice Chairman
of Pittway Corporation and Chief Executive Officer of its Security Group
of Companies; he was also Chairman of publicly-held Cylink Corporation,
a leading U.S. supplier of encryption equipment; and
WHEREAS, Leo A. Guthart is a graduate of Harvard College where he
received a B.A. degree in Physics, and of Harvard Business School where
he was a George F. Baker Scholar and received both an M.B.A. and a
Doctorate in Business Administration with a specialty in Corporate
Finance; and
WHEREAS, While serving on the faculty of Harvard Business School, Leo
A. Guthart was a Ford Foundation Fellow performing research on corpo-
rate share repurchases; his articles on share repurchases have been
published in the HARVARD BUSINESS REVIEW, the FINANCIAL ANALYSTS JOURNAL
and the JOURNAL OF FINANCE; and
WHEREAS, Chairman of the Board of Trustees of Hofstra University from
1993-1996, Leo A. Guthart is currently a member of the Hofstra Board of
Trustees; he is also a Trustee of Cold Spring Harbor Laboratory, an
Overseer of the Hofstra-NSLIJ Medical School and a Trustee of the Stony
Brook Foundation; and

WHEREAS, Leo A. Guthart was a Founding Director of the Long Island
Research Institute and was a Trustee of the Acorn Funds, a leading
growth-oriented family of mutual funds; he is also a Director of Aptar-
Group, Inc., an international producer of dispensing valves, pumps and
closures for pharmaceuticals and perfumes; and
WHEREAS, Throughout the entire period of his professional and communi-
ty service, a period of constructive involvement, Leo A. Guthart has
stood constant in dignity, good grace and humor, and has earned the
respect and admiration of his colleagues, family and friends; and
WHEREAS, Rare indeed is the impressive dedication shown by an individ-
ual for the benefit of others which Leo A. Guthart has displayed
throughout his life; now, therefore, be it
RESOLVED, That this Legislative Body pause in its deliberations to
congratulate Leo A. Guthart upon the occasion of his designation for
special recognition as a 2010 Inductee of the Long Island Technology
Hall of Fame; and be it further
RESOLVED, That a copy of this Resolution, suitably engrossed, be tran-
smitted to Leo A. Guthart.