ALAN H. RESNICK - Corporate Board Profile

TRANSCAT INC

Filing Date	Source Excerpt
2006-07-10	Alan H. Resnick, age 62, was elected a director in November 2004 to fill one of the vacancies created by the increase in the size of the board from nine to 11 members. Mr. Resnick is president of Janal Capital Management LLC (investment management), a position he has held since August 2004 after a 31-year career at Bausch & Lomb Incorporated. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb's corporate strategy board until his retirement in October 2004. He also served as a member of the advisory board of FM Global, a leading property insurance carrier, until his retirement. Mr. Resnick is treasurer and a member of the board of directors of the Monroe Community College Foundation and serves on numerous boards and committees for several not-for-profit organizations in the greater Rochester, New York area. The current members of the compensation committee are Ms. Hessler (chair), Mr. Murphy, Dr. Palmer, Mr. Smith and Mr. Resnick. The board has determined that each of Ms. Hessler, Mr. Murphy, Dr. Palmer, Mr. Smith and Mr. Resnick is independent pursuant to the listing standards for the Nasdaq Stock Market. The current members of the corporate governance and nominating committee are Mr. Smith (chair), Mr. Murphy, Mr. Garelick, Mr. Klimasewski and Mr. Resnick. The board has determined that each of Messrs. Smith, Murphy, Garelick, Klimasewski and Resnick is independent pursuant to the listing standards for the Nasdaq Stock Market. Each of our non-employee directors receives an annual cash retainer of $10,000 per year, $1,500 for attendance at each board meeting, and $500 for attendance at each committee meeting on which that director serves. In addition, our lead director receives an additional annual fee of $10,000, the chairperson of the audit committee receives an additional annual fee of $5,000, and the chairpersons of the compensation committee and the corporate governance and nominating committees, as well as the chairperson of other committees, receive an additional annual fee of $2,500 each. During fiscal year 2006, our non-employee directors were paid an aggregate amount of $216,000 for services on our board and its committees. The table below shows information on the fees paid to (not earned by) each of our non-employee directors in fiscal year 2006: Alan H. Resnick $10,000 annual retainer, $7,500 board meeting fees, $3,500 committee meeting fees, total $21,000.
2007-07-11	Alan H. Resnick, age 63, is president of Janal Capital Management LLC (investment management), a position he has held since August 2004 after a 31-year career at Bausch & Lomb Incorporated. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb's corporate strategy board until his retirement in October 2004. He also served as a member of the advisory board of FM Global, a leading property insurance carrier, until his retirement. Mr. Resnick is treasurer and a member of the board of directors of the Monroe Community College Foundation and serves on boards and committees for several not-for-profit organizations in the greater Rochester, New York area.
2008-07-08	Alan H. Resnick, age 64, is president of Janal Capital Management LLC... The current members of the compensation committee are Mr. Resnick (chair), Ms. Hessler, Dr. Palmer and Mr. Smith... The following table shows information regarding the compensation paid to our non-employee directors for their service during fiscal year 2008... Alan H. Resnick Fees Earned or Paid in Cash: $23,000, Option Awards: $3,228, Total: $26,228.
2009-07-24	Alan H. Resnick, age 65, is president of Janal Capital Management LLC (investment management), a position he has held since August 2004 after a 31-year career at Bausch & Lomb Incorporated. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb's corporate strategy board until his retirement in October 2004. He also served as a member of the advisory board of FM Global, a leading property insurance carrier, until his retirement. Mr. Resnick is treasurer and a member of the board of directors of the Monroe Community College Foundation and serves on boards and committees for several not-for-profit organizations in the greater Rochester, New York area. The current members of the corporate governance and nominating committee are Mr. Smith (chair) and Mr. Resnick. The board has determined that each of Mr. Smith and Mr. Resnick is independent pursuant to the independence standards of the Nasdaq Stock Market. The current members of the compensation committee are Mr. Resnick (chair), Ms. Hessler, Dr. Palmer and Mr. Smith. The board has determined that each of Mr. Resnick, Ms. Hessler, Dr. Palmer and Mr. Smith is independent pursuant to the independence standards of the Nasdaq Stock Market. The table below presents information regarding the compensation paid to our non-employee directors for their service during fiscal year 2009. Alan H. Resnick Fees Earned or Paid in Cash $35,200 Option Awards $7,695 All Other Compensation $0 Total $42,895.
2010-07-23	Alan H. Resnick, age 66, is president of Janal Capital Management LLC (investment management), a position he has held since August 2004 after a 31-year career at Bausch & Lomb Incorporated. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb's corporate strategy board until his retirement in October 2004. He also served as a member of the advisory board of FM Global, a leading property insurance carrier, until his retirement. Mr. Resnick is treasurer and a member of the board of directors of the Monroe Community College Foundation and serves on the boards and committees of several not-for-profit organizations in the greater Rochester, New York area. He also serves as chairman of the board of ACM Medical Laboratory, a division of Unity Health System, Rochester, New York.
2011-07-22	Alan H. Resnick, age 67, is president of Janal Capital Management LLC... Mr. Resnick uniquely position him to serve as the chairman of our compensation committee... The current members of the compensation committee are Mr. Resnick (chair)... 2011 Director Summary Compensation Table shows Alan H. Resnick earned $39,700 in fees.
2012-07-27	Alan H. Resnick, age 68, is president of Janal Capital Management LLC (investment management), a position he has held since August 2004 after a 31-year career at Bausch & Lomb Incorporated. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb's corporate strategy board until his retirement in October 2004. He also served as a member of the advisory board of FM Global, a leading property insurance carrier, until his retirement. Mr. Resnick is a member of the board of directors of the Visiting Nurse Service of Rochester and Monroe County and serves on the boards and committees of several other not-for-profit organizations in the greater Rochester, New York area. He also serves as chairman of the board of ACM Medical Laboratory, a division of Unity Health System, Rochester, New York. The board of directors has determined that Mr. Resnick is independent under the independence standards of the Nasdaq Stock Market. He serves as chairman of the compensation committee and is a member of the corporate governance and nominating committee. For fiscal year 2012, Mr. Resnick received total compensation of $42,200.
2013-07-26	Alan H. Resnick, age 69, is president of Janal Capital Management LLC (investment management), a position he has held since August 2004 after a 31-year career at Bausch & Lomb Incorporated. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb’s corporate strategy board until his retirement in October 2004. He also served as a member of the advisory board of FM Global, a leading property insurance carrier, until his retirement. Mr. Resnick is a member of the board of directors of the Visiting Nurse Service of Rochester and Monroe County and serves or has served on the boards and committees of several other not-for-profit organizations in the greater Rochester, New York area. He also serves as chairman of the board of ACM Medical Laboratory, a division of Unity Health System, Rochester, New York.
2014-07-25	Alan H. Resnick Age: 70 Director since: 2004 Term expires: 2015 Board Committee(s): Compensation Corporate Governance and Nominating Committee ... 2014 Director Compensation Table Alan H. Resnick 55,000 Fees Earned or Paid in Cash 30,000 Non-Equity Incentive Plan Compensation Total 85,000
2015-07-23	Mr. Resnick has served as president of Janal Capital Management LLC, an investment advisory firm, since August 2004 after a 31-year career at Bausch & Lomb Incorporated. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb's corporate strategy board until his retirement in October 2004. He also served as a member of the advisory board of FM Global, a leading property insurance carrier, until his retirement. Mr. Resnick is a member of the board of directors of the Visiting Nurse Service of Rochester and Monroe County and serves or has served on the boards and committees of several other not-for-profit organizations in the greater Rochester, New York area. Mr. Resnick also serves as chairman of the board of ACM Medical Laboratory, a subsidiary of Rochester Regional Health, in Rochester, New York. The table below shows information about the compensation paid to our non-employee directors for their service during fiscal year 2015. The board of directors has a standing audit, compensation, and corporate governance and nominating committee. The table below shows the number of meetings held during fiscal year 2015 and the names of the directors currently serving on each committee. Alan H. Resnick: Compensation, Corporate Governance and Nominating Committee. 2015 Director Compensation Table: Alan H. Resnick: Fees Earned or Paid in Cash $50,000, Incentive Plan Compensation $20,000, Total $70,000.
2016-07-21	Alan H. Resnick, age 72, Director since 2004. Board Committee: Audit. For fiscal year 2016, each of our non-employee directors was entitled to an annual cash retainer of $50,000 and a performance-based cash award with a target value of $20,000. Based on the trading day average of $9.63 for fiscal year 2016, each non-employee director received a $20,000 performance-based payment for fiscal year 2016. Alan H. Resnick received $50,000 in fees earned or paid in cash and $20,000 in incentive plan compensation, totaling $70,000.
2017-07-27	Alan H. Resnick Age: 73 Board Committee: Director since: 2004 Audit Term expires: 2018 Mr. Resnick has served as president of Janal Capital Management LLC... 2017 Director Compensation Table shows Alan H. Resnick Fees Earned or Paid in Cash $50,000, Incentive Plan Compensation $30,000, Total $80,000.
2018-07-26	Alan H. Resnick Age: 74 Board Committee: Director since: 2004 Audit ...The table below shows information about the compensation paid to our non-employee directors for their service during fiscal 2018. Alan H. Resnick $50,000 Fees Earned or Paid in Cash $0 Option Awards $30,000 Incentive Plan Compensation $80,000 Total
2019-07-25	Mr. Resnick has served as president of Janal Capital Management LLC, an investment advisory firm, since August 2004 after a 31-year career at Bausch & Lomb Incorporated, an eye health products company. Mr. Resnick served as vice president and treasurer and a member of Bausch & Lomb’s corporate strategy board until his retirement in October 2004. Based on the trading day average of $20.88 for fiscal 2019, each non-employee director received a $30,000 performance-based award for fiscal 2019, payable in 1,305 shares of our common stock calculated using the closing price of a share of our common stock on March 29, 2019 of $22.98. For fiscal 2019, each of our non-employee directors was entitled to an annual cash retainer of $50,000 and a performance-based award of $30,000.