Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2007-04-09 | Director of the Bank since 1982; Partner, Machen, McChesney & Chastain, Certified Public Accountants, since 1983. Ms. May is 56. |
| 2008-04-11 | Director of the Bank since 1982; Partner, Machen, McChesney & Chastain, Certified Public Accountants, since 1983. Ms. May is 57. |
| 2009-04-10 | Anne M. May Director of the Bank since 1982; Partner, Machen, McChesney & Chastain, Certified Public Accountants, since 1983. Ms. May is 58. Executive Committee: E. L. Spencer, Jr., Robert W. Dumas, Anne M. May, and Emil F. Wright, Jr. Property Committee: E.L. Spencer, Jr., Robert W. Dumas, Anne M. May, J.E. Evans, and William F. Ham, Jr. Compensation Committee: Anne M. May, Emil F. Wright, Jr. and Terry W. Andrus Strategic Planning Committee: E.L. Spencer, Jr., Anne M. May, Robert W. Dumas, Terry W. Andrus, C. Wayne Alderman and David E. Housel Nominating and Corporate Governance Committee: Anne M. May, Emil F. Wright, Jr., J. Tutt Barrett and Terry W. Andrus Independent Directors Committee: William F. Ham, Jr., David E. Housel, J. Tutt Barrett, Anne M. May, Emil F. Wright, Jr. and Terry W. Andrus 2008 DIRECTOR COMPENSATION TABLE Anne M. May Fees Earned or Paid in Cash: 14,500 All Other Compensation: 322 Total: 14,822 |
| 2010-04-09 | Ms. May is 59. Ms. May brings valuable risk management skills, public accounting knowledge and a wealth of expertise related to matters of compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses vast banking knowledge through her service as a director of the Bank 1982. The Compensation Committee is composed of Mr. Andrus, Mr. Barrett, Ms. May and Mr. Wright, all of whom are independent directors as defined in Nasdaq Listing Rule 5605(a)(2). The Strategic Planning Committee evaluates potential acquisitions and the Company’s long range goals and oversees the process for the officers’ and directors’ strategic planning sessions. E.L. Spencer, Jr., Anne M. May, Robert W. Dumas, Terry W. Andrus, C. Wayne Alderman and David E. Housel constitute the current members of this committee. The Nominating and Corporate Governance Committee is composed of Anne M. May, Emil F. Wright, Jr., J. Tutt Barrett and Terry W. Andrus, all of whom are independent directors as defined in Nasdaq Listing Rule 5605(a)(2). The Independent Directors Committee was formed to comply with Nasdaq Listing Rule 5605(b)(2). The Company’s Board of Directors has appointed Anne M. May to serve as the Board’s Lead Independent Director. The Company’s Executive Committee is authorized to act in the absence of the Board of Directors on certain matters that require Board approval. E. L. Spencer, Jr., Robert W. Dumas, Anne M. May, and Emil F. Wright, Jr. constitute the current members of this committee. The Property Committee evaluates potential properties for expansion or branching activities. E.L. Spencer, Jr., Robert W. Dumas, Anne M. May, J.E. Evans, J. Tutt Barrett and William F. Ham, Jr. constitute the current members of this committee. Compensation Table: Anne M. May Fees Earned or Paid in Cash $13,200 All Other Compensation — Total $13,200. |
| 2011-04-08 | Ms. May brings valuable risk management skills, public accounting knowledge and a wealth of expertise related to matters of compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses vast banking knowledge through her service as a director of the Bank 1982. |
| 2012-04-06 | Ms. May brings valuable risk management skills, public accounting knowledge and a wealth of expertise related to matters of compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses vast banking knowledge through her service as a director of the Bank 1982. |
| 2013-04-12 | Ms. May is 62. Partner, Machen, McChesney & Chastain, Certified Public Accountants, since 1983. Ms. May brings valuable risk management skills, public accounting knowledge and a wealth of expertise related to matters of compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses vast banking knowledge through her service as a director of the Bank 1982. The Executive Committee is authorized to act in the absence of the Board of Directors on certain matters that require Board approval. E. L. Spencer, Jr., Robert W. Dumas, and Anne M. May constitute the current members of this committee. The Property Committee evaluates potential properties for expansion or branching activities. E. L. Spencer, Jr., Robert W. Dumas, Anne M. May, J. E. Evans, J. Tutt Barrett and William F. Ham, Jr. constitute the current members of this committee. Anne M. May, J. Tutt Barrett, and Terry W. Andrus, all of whom are independent directors as defined in the Nasdaq listing standards, constitute the current members of the Compensation Committee. The Strategic Planning Committee evaluates potential acquisitions and the Company's long range goals and oversees the process and risk assessment used for the officers' and directors' strategic planning sessions. The Nominating and Corporate Governance Committee is composed of Anne M. May, J. Tutt Barrett and Terry W. Andrus, all of whom are independent directors as defined in the Nasdaq listing standards. The Independent Directors Committee was formed to comply with the Nasdaq listing standards, which require that the Company's independent directors meet separately from the other directors in regularly scheduled executive sessions at least twice annually, and at such other times as may be deemed appropriate by the Company's independent directors. The Board has affirmatively determined that the following directors, constituting a majority of the Company's Board of Directors, are independent directors: William F. Ham, Jr., C. Wayne Alderman, David E. Housel, J. Tutt Barrett, Anne M. May, and Terry W. Andrus. The Company's Board of Directors has appointed Anne M. May to serve as the Board's Lead Independent Director. The following table provides information concerning the compensation of the Company's non-employee directors for 2012. Compensation paid to Anne M. May was $17,400. |
| 2014-04-11 | Ms. May brings valuable risk management skills, public accounting knowledge and a wealth of expertise related to matters of compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses vast banking knowledge through her service as a director of the Bank 1982. The Company’s Board of Directors has eight standing committees: the Executive Committee, the Proxy Committee, the Property Committee, the Compensation Committee, the Strategic Planning Committee, the Audit and Compliance Committee, the Nominating and Corporate Governance Committee and the Independent Director Committee. Executive Committee. The Company’s Executive Committee is authorized to act in the absence of the Board of Directors on certain matters that require Board approval. E. L. Spencer, Jr., Robert W. Dumas, and Anne M. May. constitute the current members of this committee. This committee held one meeting during 2013. Property Committee. The Property Committee evaluates potential properties for expansion or branching activities. E. L. Spencer, Jr., Robert W. Dumas, Anne M. May, J. E. Evans, J. Tutt Barrett and William F. Ham, Jr. constitute the current members of this committee. This committee held one meeting during 2013. Compensation Committee. The Compensation Committee is authorized to review, recommend and approve the compensation of the Chief Executive Officer, other executive officers and other key employees of the Company and the Bank; to evaluate the Company’s incentive compensation plans, including any equity compensation plans; and to select, interview and make hiring recommendations to the Board for the Chief Executive Officer position. In addition, the Committee approves changes to any Company personnel policy manuals or handbooks, and annually evaluates director compensation. Anne M. May, J. Tutt Barrett, and Terry W. Andrus, all of whom are independent directors as defined in the Nasdaq listing standards, constitute the current members of this committee. This committee held ten meetings in 2013. The Strategic Planning Committee evaluates potential acquisitions and the Company’s long range goals and oversees the process and risk assessment used for the officers’ and directors’ strategic planning sessions. E. L. Spencer, Jr., Anne M. May, Robert W. Dumas, Terry W. Andrus, C. Wayne Alderman and David E. Housel constitute the current members of this committee. This committee held 3 meetings in 2013. The Nominating and Corporate Governance Committee is composed of Anne M. May, J. Tutt Barrett and Terry W. Andrus, all of whom are independent directors as defined in the Nasdaq listing standards. The purpose of the Nominating and Corporate Governance Committee is to identify individuals qualified to become members of the Company’s Board of Directors and recommend to the Board the director nominees for the next annual meeting of shareholders. This committee also takes a leadership role in shaping corporate governance policies and practices of the Company. The responsibilities and duties of the Nominating and Corporate Governance Committee are more fully set out in the Nominating and Corporate Governance Committee Charter. The Nominating and Corporate Governance Committee held one meeting in 2013. The Independent Directors Committee was formed to comply with the Nasdaq listing standards, which require that the Company’s independent directors meet separately from the other directors in regularly scheduled executive sessions at least twice annually, and at such other times as may be deemed appropriate by the Company’s independent directors. Nasdaq listing standards also require that a majority of the Company’s directors be independent directors. The Board has affirmatively determined that the following directors, constituting a majority of the Company’s Board of Directors, are independent directors: William F. Ham, Jr., C. Wayne Alderman, David E. Housel, J. Tutt Barrett, Anne M. May, and Terry W. Andrus. The Company’s Board of Directors has appointed Anne M. May to serve as the Board’s Lead Independent Director. This committee held two meetings in 2013. The following table provides information concerning the compensation of the Company’s non-employee directors for 2013. Compensation paid to E. L. Spencer, Jr. and Robert W. Dumas for their service as directors is reported in the Summary Compensation Table on page 18. |
| 2015-04-10 | Ms. May brings valuable risk management skills, public accounting knowledge and a wealth of expertise related to matters of compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses vast banking knowledge through her service as a director of the Bank since 1982. |
| 2016-04-08 | Ms. May brings valuable risk management skills, public accounting knowledge and a wealth of expertise related to matters of compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses vast banking knowledge through her service as a director of the Bank since 1982. |
| 2017-04-07 | Ms. May has valuable risk management skills, public accounting knowledge and expertise in compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses extensive banking knowledge through her service as a director of the Bank since 1982. |
| 2018-04-06 | Ms. May is 67. Ms. May has valuable risk management skills, public accounting knowledge and expertise in compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses extensive banking knowledge through her service as a director of the Bank since 1982. In 2017, the Chairman received $2,000 and each director received $1,000, respectively, for each Board meeting attended, which will be the same for 2018. Members of the Audit Committee and the Compensation Committee receive an additional fee of $250 for each committee meeting, while each Chairman of these committees receives $500 per meeting. The following table provides information concerning the compensation of the Company's non-employee directors for 2017. Anne M. May: $22,400. |
| 2019-04-12 | Ms. May is 68. Retired Partner, Machen & McChesney, LLP, from 1983 to 2018. Ms. May has valuable risk management skills, public accounting knowledge and expertise in compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses extensive banking knowledge through her service as a director of the Bank since 1982. ... Anne M. May is currently the chairperson of the committee and therefore is formally identified as the Lead Independent Director. ... The following table provides information concerning the compensation of the Company's non-employee directors for 2018. ... Anne M. May Fees Earned or Paid in Cash: $17,250, Non-equity Incentive Plan Compensation: $3,650, Total: $20,900. |
| 2020-04-17 | Ms. May has valuable risk management skills, public accounting knowledge and expertise in compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses extensive banking knowledge through her service as a director of the Bank since 1982. ... The Company also has established an Independent Director Committee. Anne M. May is currently the chairperson of such committee and therefore is formally identified as the Lead Independent Director. ... In 2019, the Chairman received $2,000 and each director received $1,000, respectively, for each Board meeting attended, which will be the same for 2020. ... The following table provides information concerning the compensation of the Company's non-employee directors for 2019. ... Anne M. May Fees Earned or Paid in Cash $18,000, Non-equity Incentive Plan Compensation $3,650, Total $21,650. |
| 2021-04-01 | Ms. May is 70. Ms. May has valuable risk management skills, public accounting knowledge and expertise in compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses extensive banking knowledge through her service as a director of the Bank since 1982. The following table provides information concerning the compensation of the Company's non-employee directors for 2020. Name: Anne M. May, Fees Earned or Paid in Cash: $16,500, Non-equity Incentive Plan Compensation: $3,650, Total: $20,150. |
| 2022-03-30 | Ms. May is 71. Retired Partner, Machen & McChesney, LLP, from 1983 to 2018. Ms. May has valuable risk management skills, public accounting knowledge and expertise in compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses extensive banking knowledge through her service as a director of the Bank since 1982. The Company’s Board of Directors has appointed Anne M. May to serve as the Board’s Lead Independent Director. In 2021, the Chairman received $2,000 and each director received $1,000, respectively, for each Board meeting attended, which will be the same for 2022. Members of the Audit Committee and the Compensation Committee of the Company, which also serve as the members of the Audit Committee and the Compensation Committee of the Bank, respectively, receive an additional fee of $250 for each committee meeting, while each Chairman of these committees receives $500 per meeting. In 2021, aggregate fees paid to Company and Bank directors, including cash bonuses, totaled approximately $244,250. The following table provides information concerning the compensation of the Company's non-employee directors for 2021. Compensation paid to Robert W. Dumas for his service as director is reported in the Summary Compensation Table on page 15. Anne M. May $18,000 Fees Earned or Paid in Cash, $3,650 Non-equity Incentive Plan Compensation, $21,650 Total. |
| 2023-03-29 | Ms. May is 72. ... The following table provides information concerning the compensation of the Companys non-employee directors for 2022. ... Anne M. May $18,000 Fees Earned or Paid in Cash, $3,650 Non-equity Incentive Plan Compensation, $21,650 Total. |
| 2024-04-03 | Ms. May is 73. Retired Partner, Machen & McChesney, LLP, an accounting firm located in Auburn, Alabama, from 1983 to 2018. In 2023, May received $18,250 in fees. |
| 2025-04-03 | Anne M. May 1990 Retired Partner, Machen & McChesney, LLP, an accounting firm located in Auburn, Alabama, from 1983 to 2018. Ms. May is 74. Ms. May has valuable risk management skills, public accounting knowledge and expertise in compensation and tax compliance as a partner and former managing partner for a local accounting firm. She also possesses extensive banking knowledge through her service as a director of the Bank since 1982. ... In 2024, aggregate fees paid to Company and Bank directors totaled approximately $275,900. The following table provides information concerning the compensation of the Company’s directors for 2024. Name Fees Earned or Paid in Cash Non-equity Incentive Plan Compensation Total Anne M. May $21,600 — $21,600 |
Data sourced from SEC filings. Last updated: 2025-08-30