Summary of 2009 Proxy

Proposal 1 –

Election of directors

Proposal 2 –

Approval of Employee Stock Purchase Plan

Proposal 3 –

Approval of 2009 equity plan (5M shares)

Proposal 4 –

Non NEO* fair value options exchange

Proposal 5 –

NEO* fair value option exchange

The Board unanimously recommends a “FOR”

vote for all

proposals.

* NEO = Named Executive Officers

Exhibit 99.1

Summary of Proposed 2009 Equity Plan

Proposal 3 -

Equity Incentive Award Plan

New authorization of 5 million shares

Limited issuance of 2.5 million shares in 2009

2009 officer grants split 50/50 (time based and performance based)

significantly

increasing

alignment

between

shareholders

and

management

Cancels all prior plans and any unissued equity

New equity plan would include shares required for proposed option

exchange programs (proposals 4 and 5)

Approximately 4.5 million shares** available for new issuances if

employees

fully

participate

in

option

for

RSU

exchange

(proposal

4

and 5)

** final exchange ratio subject to change based on stock price,

calculations

based

April

30

closing

price

th

Proposal 4 -

Fair value stock option exchange for employees

other than named executive officers

Fair

value

calculated

using

Black–Scholes

and/or

lattice

valuation

methodologies

Approximately 3.6 million outstanding options eligible to be exchanged

for approximately 0.3M RSUs

**

Eliminates approximately 3.3 million shares from current overhang **

Proposal maintains flexibility for option-for-option exchange or option-

for-RSU exchange

Requires an increase in shares issuable under existing equity plans

(proposal 3)

Strong

employee

participation

will

drive

a

significant

reduction

in

the

overhang.

The

2009

overhang

will

be

significantly

less

than

that

of

2008**

** final exchange ratio subject to change based on stock price,

calculations

based

April

30

closing

price

Summary of Proposed 2009 Employee

Option Exchange Program

th

Proposal 5 -

Fair value stock option exchange for named

executive officers

Exchanges time-based stock options for performance-based awards

New

equity

will

fully

vest

100%

on

EFI

stock

price

closing

above

target

of

225%

of

the

share

price

at

the

date

of

the

exchange.

If

the

price

on

the

day

of

exchange

is

$10,

100%

of

equity

vests

at

$22.50

Significantly

increases

shareholder

and

management

alignment

Fair

value

calculated

using

Black–Scholes

and/or

lattice

valuation

methodologies

Approximately 1.1 million existing options eligible to be exchanged for

approximately 0.2M RSUs**

** final exchange ratio subject to change based on stock price,

calculations

based

April

30

closing

price

Summary of Proposed 2009 NEO Option

Exchange Program

th