ALBERT H. NAHMAD - Corporate Board Profile

WATSCO INC

Filing Date	Source Excerpt
2006-05-01	ALBERT H. NAHMAD has served as our Chairman of the Board and President since December 1973. Mr. Nahmad is the general partner of Alna Capital Associates, a New York limited partnership, which is a shareholder of the Company. ... We pay each director who is not an employee a $1,000 fee for each meeting of the Board of Directors attended and reimburse directors for their expenses in connection with their activities as directors. In connection with his role as Audit Committee Chairman, Mr. Manley received an annual fee of $100,000 in 2005 and is reimbursed for expenses associated with the performance of these activities. Our directors are also eligible to receive stock options under our 2001 Incentive Compensation Plan at the discretion of our Compensation Committee. ... The following table sets forth for the fiscal years ended December 31, 2005, 2004 and 2003, the aggregate compensation paid to our Chief Executive Officer and each of our other executive officers (our "Named Executive Officers") whose total annual salary and bonus for the 2005 fiscal year was $100,000 or more. ... Albert H. Nahmad 2005 $850,000 salary, $3,000,000 bonus, $28,497 other annual compensation, $3,150 all other compensation.
2007-04-27	Albert H. Nahmad has served as our Chairman of the Board and President since December 1973. Mr. Nahmad is the general partner of Alna Capital Associates, LP, a New York limited partnership, which is a shareholder of the Company. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table.
2008-04-29	Albert H. Nahmad has served as our Chairman of the Board and President since December 1973. Mr. Nahmad is the general partner of Alna Capital Associates, LP, a New York limited partnership, which is a shareholder of the Company. ... For Mr. Nahmad, other annual compensation in 2007 includes (i) $50,610 related to use of our aircraft pursuant to his employment agreement; (ii) $9,047 related to health insurance benefits paid and (iii) $3,375 related to the Profit Sharing Plan matching contribution. ... The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table. ... We pay each director who is not an employee a $1,000 fee for each meeting of the Board of Directors attended and reimburse directors for their expenses in connection with their activities as directors. ... In connection with his role as Audit Committee Chairman, Mr. Manley received an annual fee of $100,000 in 2007 and is reimbursed for expenses associated with the performance of these activities.
2009-05-08	Albert H. Nahmad has served as our Chairman of the Board and President since December 1973. Mr. Nahmad is the general partner of Alna Capital Associates, LP, a New York limited partnership, which is a shareholder of the Company.
2010-04-30	Albert H. Nahmad, 69, has served as our Chairman of the Board, President and Chief Executive Officer since December 1973. Mr. Nahmad is the general partner of Alna Capital Associates, LP, a New York limited partnership, which is one of our shareholders. Mr. Nahmad was elected to the Board in December 1973 as founder. He is the Chair of the Nominating & Strategy Committee.
2011-04-29	Albert H. Nahmad, 70, has served as our Chairman of the Board, President and Chief Executive Officer since December 1973. Mr. Nahmad was elected to the Board in December 1973. He is the Chair of the Nominating & Strategy Committee. He has 38 years of leadership experience as President and Chief Executive Officer and has broad knowledge of our Company and long-standing experience with the HVAC/R industry. The following table sets forth the total compensation received by our non-employee directors for 2010. Mr. Nahmad's compensation is materially different to and greater than the compensation paid to our other NEOs. The 2010 Summary Compensation Table shows total compensation of $20,392,521.
2012-04-30	Albert H. Nahmad, 71, has served as our Chairman of the Board, President and Chief Executive Officer since December 1973. Mr. Nahmad was elected to the Board in December 1973. He is the Chair of the Nominating & Strategy Committee. His total compensation for 2011 was $5,056,453.
2013-04-22	Albert H. Nahmad, 72, has served as our Chairman of the Board, President and Chief Executive Officer since December 1973. Mr. Nahmad was elected to the Board in December 1973. He is the Chair of the Nominating & Strategy Committee. ... The following table sets forth the total compensation received by our non-employee directors for 2012. ... Albert H. Nahmad Chief Executive Officer 2012 Salary $1,100,000, Stock Awards $6,002,064, All Other Compensation $90,726, Total $7,192,826.
2014-04-17	Albert H. Nahmad, 73, has served as our Chairman of the Board, President and Chief Executive Officer since December 1972. Mr. Nahmad is the Chair of the Nominating & Strategy Committee. He has more than 40 years of leadership experience as our President and Chief Executive Officer and has broad knowledge of our Company and long-standing experience with the HVAC/R industry. The following table sets forth the total compensation received by our non-employee directors for 2013. The following table sets forth the compensation earned by the NEOs for services rendered for the years ended December 31, 2013. Albert H. Nahmad Chief Executive Officer 2013 Salary $1,100,000 Bonus — Stock Awards — Non-Equity Incentive Plan Compensation $16,100,007 All Other Compensation $93 Total Compensation $17,293,252.
2015-04-16	Albert H. Nahmad, 74, has served as our Chairman of the Board, President and Chief Executive Officer since December 1972. Mr. Nahmad is the Chair of the Nominating & Strategy Committee. ... Mr. Nahmad's incentive compensation for 2014 was $10,977,600. ... The following table sets forth the compensation earned by the NEOs for services rendered for the years ended December 31, 2014 ... Albert H. Nahmad ... Total Compensation ($) 12,166,747.
2016-04-29	Albert H. Nahmad has been the visionary and leader of Watsco for over 40 years, having served as our Chairman and Chief Executive Officer since 1972. ... The following table sets forth the compensation earned by the NEOs for services rendered for the years ended December 31, 2015... Albert H. Nahmad Chief Executive Officer 2015 Salary $1,077,096 ... Total Compensation $8,211,545.
2017-04-28	Albert H. Nahmad has been the visionary and leader of Watsco for over 40 years, having served as our Chairman and Chief Executive Officer since 1972. ... The following table sets forth the total compensation received by our non-management directors in 2016: ... Albert H. Nahmad (3) ... Total Compensation: $10,900,725.
2018-04-27	Albert H. Nahmad serves as chair of the Strategy Committee. No compensation is listed for 2017 as a director.
2019-04-26	Albert H. Nahmad has been the Chairman and CEO since 1972. He serves as chair of the Strategy Committee. Compensation Table shows total compensation in 2018 as $7,117,698.
2020-04-24	Albert H. Nahmad has been the visionary founder and leader of Watsco for more than 40 years, having served as our Chairman and Chief Executive Officer since 1972. Among his many contributions, Mr. Nahmad has been instrumental in the scaling of our business through acquisitions, the cultivation of strategic vendor relationships, and the development of Watsco’s entrepreneurial culture. In 1988 Mr. Nahmad made the decision to pivot the Company’s strategic focus from manufacturing to distribution of HVAC/R products. Since that time, Watsco’s market capitalization has grown from $22 million to $6.9 billion, and its 30-year compounded annual growth rate of total shareholder return has been 18%. With revenues of $4.8 billion in 2019, Watsco has solidified its place as the industry leader and now has approximately 5,800 employees serving approximately 100,000 contractor customers through a branch network of 606 locations. He serves as chair of the Strategy Committee.
2021-04-30	Mr. Nahmad is Chairman & Chief Executive Officer and Class B Director and serves as chair of the Strategy Committee. Management directors do not receive any compensation for their service on the Board.
2022-04-29	Albert H. Nahmad has been the visionary founder and leader of Watsco for 50 years, having served as our Chairman and Chief Executive Officer since 1972. He serves as chair of the Strategy Committee. The Summary Compensation Table shows his total compensation for 2021 as $10,672,518.
2023-04-28	Albert H. Nahmad is our visionary founder, and has been our leader, Chairman, and CEO since 1972. He has been instrumental in shaping Watsco’s entrepreneurial culture, expanding our business through acquisitions, and fostering strategic business relationships. Under his leadership, Watsco has grown from a market capitalization of $22 million in 1989 to $9.8 billion at the end of 2022, generating a compounded annual growth rate of total shareholder return of 18%. As an industry leader, Watsco now serves more than 120,000 active contractor customers through a network of 673 locations. Present Roles: Albert is the Chair of the Strategy Committee. The Summary Compensation Table shows his total compensation in 2022 as $11,093,941.
2024-04-26	Albert is our Chairman and Chairs our Strategy Committee.