CARL E. SASSANO - Corporate Board Profile

TRANSCAT INC

Filing Date	Source Excerpt
2006-07-10	Carl E. Sassano, age 56, was elected chairman of the board in October 2003. Mr. Sassano was elected a director in October 2000 to fill a vacancy on our board. He became our president and chief executive officer following Robert G. Klimasewski's retirement from these positions in March 2002 but ceased to serve as our president on May 23, 2006, when Charles P. Hadeed assumed that title. Mr. Sassano was president and chief operating officer of Bausch & Lomb Incorporated in 1999 and 2000. He also held positions in Bausch & Lomb as president, global vision care (1996-1999), president, contact lens division (1994-1996), group president (1993-1994) and president, Polymer Technology (1983-1992), a high growth subsidiary of Bausch & Lomb. Mr. Sassano is a trustee of Rochester Institute of Technology and Rochester-based public broadcaster WXXI, as well as a member of the board of directors of the Eastman Dental Center Foundation. Directors who are also employees of the company (currently, only Mr. Sassano) are paid no compensation for their services as directors. The table below shows information on the fees paid to (not earned by) each of our non-employee directors in fiscal year 2006: Carl E. Sassano is not paid compensation for his services as a director because he is an employee. For fiscal year 2006, Mr. Sassano received an annual salary of $278,330 and a bonus of $112,724 as chairman and chief executive officer.
2007-07-11	Carl E. Sassano, age 57, was named our executive chairman of the board in April 2007. Mr. Sassano became our president and chief executive officer in March 2002 and was named chairman of the board in October 2003. In May 2006, he ceased serving as our president when Charles P. Hadeed assumed that position. Mr. Sassano was president and chief operating officer of Bausch & Lomb Incorporated in 1999 and 2000. He also held positions in Bausch & Lomb as president, global vision care (1996-1999), president, contact lens division (1994-1996), group president (1993-1994) and president, Polymer Technology (1983-1992), a high growth subsidiary of Bausch & Lomb. Mr. Sassano is a trustee of Rochester Institute of Technology and Rochester-based public broadcaster WXXI, as well as a member of the board of directors of the Eastman Dental Center Foundation and IEC Electronics Corp.
2009-07-24	Carl E. Sassano, age 59, is our chairman of the board. From April 2007 to May 2008, he served as our executive chairman of the board. Mr. Sassano became our president and chief executive officer in March 2002 and was named chairman of the board in October 2003. In May 2006, he ceased serving as our president when Charles P. Hadeed assumed that position. Mr. Sassano was president and chief operating officer of Bausch & Lomb Incorporated in 1999 and 2000. He also held positions in Bausch & Lomb as president-global vision care (1996-1999), president-contact lens division (1994-1996), group president (1993-1994) and president-Polymer Technology (1983-1992), a subsidiary of Bausch & Lomb. Mr. Sassano is a trustee of Rochester Institute of Technology and Rochester-based public broadcaster WXXI, as well as a member of the board of directors of IEC Electronics Corp. The table below presents information regarding the compensation paid to our non-employee directors for their service during fiscal year 2009. Carl E. Sassano Fees Earned or Paid in Cash $46,700 Option Awards $94,035 All Other Compensation $14,787 Total $155,522.
2010-07-23	Carl E. Sassano, age 60, is our chairman of the board. From April 2007 to May 2008, he served as our executive chairman of the board. Mr. Sassano became our president and chief executive officer in March 2002 and was named chairman of the board in October 2003. In May 2006, he ceased serving as our president when Charles P. Hadeed assumed that position.
2011-07-22	Carl E. Sassano, age 61, is our chairman of the board... The 2011 Director Summary Compensation Table shows Carl E. Sassano earned $55,700 in fees.
2012-07-27	Carl E. Sassano, age 62, is our chairman of the board. From April 2007 to May 2008, he served as our executive chairman of the board. Mr. Sassano became our president and chief executive officer in March 2002 and was named chairman of the board in October 2003. In May 2006, he ceased serving as our president when Charles P. Hadeed assumed that position. Mr. Sassano was president and chief operating officer of Bausch & Lomb Incorporated in 1999 and 2000. He also held positions in Bausch & Lomb as president-global vision care (1996-1999), president-contact lens division (1994-1996), group president (1993-1994) and president-Polymer Technology (1983-1992), a subsidiary of Bausch & Lomb. Mr. Sassano is a trustee of Rochester Institute of Technology and a member of the board of directors of IEC Electronics Corp. (NYSE MKT: IEC). The board of directors has determined that Mr. Sassano is independent under the independence standards of the Nasdaq Stock Market. For fiscal year 2012, Mr. Sassano received total compensation of $68,200.
2013-07-26	Carl E. Sassano, age 63,is our former chairman of the board, having served as chairman of the board from May 2008 until July 1, 2013, when Mr. Hadeed was appointed executive chairman of the board. Mr. Sassano became our president and chief executive officer in March 2002 and was named chairman of the board in October 2003. In May 2006, Mr. Hadeed assumed the position of president. From April 2007 to May 2008, he served as our executive chairman of the board. Mr. Sassano served as president and chief operating officer of Bausch & Lomb Incorporated in 1999 and 2000. He also held positions in Bausch & Lomb as president-global vision care (1996-1999), president-contact lens division (1994-1996), group president (1993-1994) and president-Polymer Technology (1983-1992), a subsidiary of Bausch & Lomb. Mr. Sassano served as a member of the board of directors of IEC Electronics Corp. (NYSE MKT: IEC) from 2006 through August 2012 and as a trustee of Rochester Institute of Technology from 1996 through June 2013.
2014-07-25	Carl E. Sassano Age: 64 Director since: 2000 Term expires: 2015 Board Committee(s): Compensation (Chairman) Corporate Governance and Nominating (Chairman) ... 2014 Director Compensation Table Carl E. Sassano 62,500 Fees Earned or Paid in Cash 30,000 Non-Equity Incentive Plan Compensation Total 92,500
2015-07-23	Mr. Sassano served as our chairman of the board from October 2003 until April 2007 and from May 2008 until July 2013. From April 2007 to May 2008, he served as our executive chairman of the board. Mr. Sassano became our president and chief executive officer in March 2002 and served in these roles until May 2006 and April 2007, respectively. 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. Carl E. Sassano: Compensation (Chairman), Corporate Governance and Nominating (Chairman). 2015 Director Compensation Table: Carl E. Sassano: Fees Earned or Paid in Cash $60,000, Incentive Plan Compensation $20,000, Total $80,000.
2016-07-21	Carl E. Sassano, age 66, Director since 2000. Board Committees: Compensation, Corporate Governance and Nominating (Chairman). 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. The chairman of the compensation committee was entitled to receive an additional $10,000 annual retainer. 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. Carl E. Sassano received $60,000 in fees earned or paid in cash and $20,000 in incentive plan compensation, totaling $80,000.
2017-07-27	Carl E. Sassano Age: 67 Board Committees: Director since: 2000 Compensation Corporate Governance and Nominating (Chairman) Term expires: 2018 Mr. Sassano served as our chairman of the board... 2017 Director Compensation Table shows Carl E. Sassano Fees Earned or Paid in Cash $52,500, Incentive Plan Compensation $30,000, Total $82,500.
2018-07-26	Carl E. Sassano Age: 68 Board Committees: Director since: 2000 Compensation Corporate Governance and Nominating (Chair) ...The table below shows information about the compensation paid to our non-employee directors for their service during fiscal 2018. Carl E. Sassano $50,000 Fees Earned or Paid in Cash $0 Option Awards $30,000 Incentive Plan Compensation $80,000 Total
2019-07-25	Mr. Sassano served as our chairman of the board from October 2003 until April 2007 and from May 2008 until July 2013. From April 2007 to May 2008, he served as our executive chairman of the board. Mr. Sassano became our president and chief executive officer in March 2002 and served in these roles until May 2006 and April 2007, respectively. 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.
2020-07-23	Carl E. Sassano Age: 70 Board Committees: Director since: 2000 Compensation Corporate Governance and Nominating (Chair) 55,000 Mr. Sassano served as our chairman of the board from October 2003 until April 2007 and from May 2008 until July 2013.
2021-07-22	Carl E. Sassano, Age: 71, Board Committee: Corporate Governance and Nominating, Director since: 2000, Mr. Sassano served as our chairman of the board from October 2003 until April 2007 and from May 2008 until July 2013. Mr. Sassano’s leadership skills and institutional knowledge of our company provide our Board with a strong understanding of the issues we face.
2022-07-21	Carl E. Sassano 72 Partner in CSW Equity Partners, LLC CGNC Fiscal 2022 Director Compensation Table Carl E. Sassano 50,000 50,000 – 100,000