CORNELIUS J. RUSSELL - Corporate Board Profile

First Bancorp, Inc /ME/

Filing Date	Source Excerpt
2014-03-14	Cornelius J. Russell (50) was nominated by the Nominating Committee to serve as a Director of the Company and the Bank in February 2014. ... No fees are paid to Directors of the Company in their capacities as such except for outside Directors. Mr. Russell is a new nominee and no compensation is listed.
2015-03-13	Cornelius J. Russell (51) was nominated by the Nominating Committee to serve as a Director of the Company and the Bank in February 2014. ... Director Compensation table shows Cornelius J. Russell Fees Earned or Paid in Cash $18,900.
2016-03-11	Cornelius J. Russell (52) was nominated by the Nominating Committee to serve as a Director of the Company and the Bank in February 2014. ... Until the ownership guideline is achieved, 75% of Mr. Russell's directors fees will be paid in Company stock. ... Fees paid by the Bank to its Directors as a group totaled $255,966 in 2015 ... Cornelius J. Russell 26,250
2017-03-10	Cornelius J. Russell (53) was nominated by the Nominating Committee to serve as a Director of the Company and the Bank in February 2014. ... Fees paid by the Bank to its Directors as a group totaled $275,223 in 2016 ... Cornelius J. Russell 29,700
2018-03-14	Cornelius J. Russell (54) has served as a Director of the Company and the Bank since February 2014. ... The Board concluded that Mr. Russell is well suited to serve as a director of the Company because of his varied experience in retail, lodging and hospitality services. ... Fees paid by the Bank to its Directors as a group totaled $273,650 in 2017. ... Cornelius J. Russell: Fees Earned or Paid in Cash: $30,375.
2019-03-08	Cornelius J. Russell (55) has served as a Director of the Company and the Bank since February 2014. ... The members of the Company’s Governance Committee for 2018 were Cornelius J. Russell - Chair, Katherine M. Boyd, Renee W. Kelly, Mark N. Rosborough and Bruce B. Tindal. ... Fees paid by the Bank to its Directors as a group totaled $254,750 in 2018, ... The following table of Director Compensation details compensation paid to Directors in 2018. Cornelius J. Russell: $30,900.
2020-03-06	Cornelius J. Russell (56) has served as a Director of the Company and the Bank since February 2014. ... The members of the Company’s Governance Committee for 2019 were Cornelius J. Russell - Chair, Katherine M. Boyd, Renee W. Kelly, Mark N. Rosborough and Bruce B. Tindal. ... Fees paid by the Bank to its Directors as a group totaled $266,600 in 2019, ... Cornelius J. Russell received $29,400 in fees.
2021-03-05	Cornelius J. Russell (57) has served as a Director of the Company and the Bank since 2014. A second-generation hotelier, Mr. Russell began his career in 1987 with Ocean Properties Hotels Resorts & Affiliates where he has held management positions at multiple hotels in Maine, New Hampshire, Florida, Colorado, and Arizona. He has acted as the General Manager at the Samoset Resort since 1999 where he has overseen numerous multi-million dollar capital improvement projects.
2022-03-11	CORNELIUS J. RUSSELL Independent Director of the Company and the Bank since 2014 AGE 58 COMMITTEES Compensation Governance A second-generation hotelier, Mr. Russell began his career in 1987 with Ocean Properties Hotels Resorts & Affiliates where he has held management positions at multiple hotels in Maine, New Hampshire, Florida, Colorado and Arizona. He has acted as the General Manager at the Samoset Resort since 1999 where he has overseen numerous multi-million-dollar capital improvement projects. Mr. Russell’s service on several boards of directors includes Treasurer of Hospitality Maine, President of New England Inns and Resorts Association, and the American Hotel & Lodging Association Resort Committee, Past President of the Maine Innkeepers Association, the Penobscot Bay Regional Chamber of Commerce, the Maine State Chamber of Commerce and Past Trustee of Penobscot Bay Hospital. He was awarded the 2016 Community Person of the Year by the Penobscot Bay Regional Chamber of Commerce and the 2010 Innkeeper of the Year by the Maine Innkeepers Association. Mr. Russell graduated with a B.S. degree in Resource Economics from the University of Maine. The Board concluded that Mr. Russell is well suited to serve as a director of the Company because of his varied experience in retail, lodging and hospitality services. Fees paid by the Bank to its Directors as a group totaled $268,775 in 2021, but no fees are paid to Directors of the Company in their capacities as such. Of the $268,775 paid to the outside Directors, 50% of this amount was reinvested in the Company through the Employee Stock Purchase Plan. CEO McKim, who is the only Director who is also an employee of the Company, receives no additional compensation for serving on the Board of Directors of the Company or the Bank. The following table of Director Compensation details compensation paid to Directors in 2021. Name Fees Earned or Paid in Cash(1)($) Cornelius J. Russell 33,700
2023-03-10	Cornelius J. Russell General Manager, the Samoset Resort AGE 59 Independent Director of the Company and the Bank since 2014 COMMITTEES • Compensation • Governance Fees paid by the Bank to its Directors as a group totaled $290,400 in 2022, but no fees are paid to Directors of the Company in their capacities as such. Of the $290,400 paid to the outside Directors, 64% of this amount was reinvested in the Company through the Employee Stock Purchase Plan. The following table of Director Compensation details compensation paid to Directors in 2022. Cornelius J. Russell Fees Earned or Paid in Cash: $35,000 Stock Awards: 250 shares The Chair of the Board received an annual fee of $44,000. Each of the outside Directors of the Bank, with the exception of the Chair of the Board, received a Director’s fee in the amount of $1,000 for each meeting attended, and $700 for each meeting attended of a committee of which the Director is a member. In addition to meeting fees paid for meetings attended, Director Kelly as Chair of the Audit Committee until April 2022 received a stipend of $3,000. Each of the outside Directors also received a monthly retainer of $1,300, with the exception of the Chair of the Board.
2024-03-08	Cornelius J. Russell General Manager, the Samoset Resort 60 2014 Committees: Compensation, Governance. Fees Earned or Paid in Cash: 31,200. Stock Awards: 250 shares.
2025-03-07	Cornelius J. Russell General Manager, the Samoset Resort Age: 61 Independent Director of the Company and the Bank since 2014. Committees: Compensation, Nominating & Governance. Fees Earned or Paid in Cash: $33,300.