DONALD W. BARNEY - Corporate Board Profile

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY

Filing Date	Source Excerpt
2002-02-28	Donald W. Barney has served as President of the Trust since 1993, and as a Trustee since 1981. Mr. Barney devotes approximately fifteen percent (15%) of his time to discharge his duties as a Trustee and as the Chairman of the Audit Committee of the Trust. In fiscal 2001, an annual retainer of $10,000 was paid to Mr. Barney for his services as an Executive Officer of the Trust. Mr. Barney also received $21,639 in other compensation related to his service on the Board of Trustees and its Committees. Mr. Barney is Chairman of the Audit Committee and a member of the Executive and Nominating Committees.
2003-02-28	Donald W. Barney has served as President of the Trust since 1993, and as a Trustee since 1981. Mr. Barney was elected Treasurer and Chief Financial Officer of the Trust on January 15, 2003. His current term as a member of the Board of Trustees is scheduled to expire in April 2004. Mr. Barney devotes approximately fifteen percent (15%) of his time to discharge his duties as an Executive Officer of the Trust. During the fiscal year ended October 31, 2002, the Trustees were paid or elected to defer fees and accrued interest in an aggregate amount of $107,024 as consideration for their services to the Board of Trustees and its committees.
2004-02-27	Donald W. Barney has served as President of the Trust since 1993, and as a Trustee since 1981. Mr. Barney was elected Treasurer and Chief Financial Officer of the Trust on January 15, 2003. His current term as a member of the Board of Trustees is scheduled to expire in April 2004. Mr. Barney has been nominated for election to a two (2) year term as a Trustee to commence at the Annual Meeting. Mr. Barney devotes approximately fifteen percent (15%) of his time to perform his duties as an Executive Officer of the Trust. SUMMARY COMPENSATION TABLE Donald W. Barney President, Treasurer and Chief Financial Officer 2003 -- $25,000 $1,445 -- $27,578 Fiscal Year-End Option Values Donald W. Barney 56,000 -- $959,000 -- Fiscal 2003 Compensation: Trustees During the fiscal year ended October 31, 2003, each Trustee, including those Trustees who also serve as Executive Officers of the Trust, was entitled to receive an annual retainer fee in the amount of $10,000. The Trustees and the Executive Secretary were entitled to receive meeting attendance fees in the amount of $700 for each meeting of the Board of Trustees and its committees attended. The Chairman of the Board, for each Board of Trustees meeting attended, and the chairman of each Board of Trustees committee, for each committee meeting attended, were entitled to receive meeting attendance fees of $800. The Trustees and the Executive Secretary were also entitled to receive property site inspection fees in the amount of $700 for each site inspection attended, plus the reimbursement of all reasonable and verified out-of-pocket expenses incurred in connection with the site visit. Each member of the Board of Trustees and the Executive Secretary was entitled to receive a fee of $350 for each meeting participated in by teleconference. The Trustees and the Executive Secretary are entitled to defer all or any part of their retainer, meeting and property site inspection fees pursuant to the terms of the Deferred Compensation Plan. For the fiscal year ended October 31, 2003, the Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest, and the Executive Secretary was paid meeting attendance fees, in an aggregate amount of $311,023, as consideration for their services to the Board of Trustees and its committees.
2005-02-25	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. His current term as a member of the Board of Trustees is scheduled to expire in April 2006. Mr. Barney devotes approximately fifteen percent (15%) of his time to perform his duties as an Executive Officer of the Trust. Mr. Barney was associated with Union Camp Corporation, a diversified manufacturer of paper, packaging products, chemicals and wood products, from 1969 through 1998 in various positions, including Vice President and Treasurer. Mr. Barney is a director of Hilltop Community Bank. He is also a partner and director in several private real estate investment companies. The current members of the Nominating Committee of the Board of Trustees are Donald W. Barney, Alan L. Aufuzien and Ronald J. Artinian. Mr. Aufuzien and Mr. Artinian are independent, as independence for directors is defined in the listing standards adopted by the National Association of Securities Dealers, Inc. ("NASD") and approved by the Securities and Exchange Commission ("SEC"). Mr. Barney is not considered independent under such definition since he is an Executive Officer of the Trust. In 2005, the Nominating Committee held one (1) meeting at which the Nominating Committee unanimously determined to recommend to the Board of Trustees that Robert S. Hekemian be nominated for re-election as a Trustee at the Annual Meeting to a three (3) year term. During the fiscal year ended October 31, 2004, each Trustee, including even such Trustee who also served as an Executive Officer of the Trust, was entitled to receive an annual retainer fee in the amount of $11,500. The Trustees and the Executive Secretary were entitled to receive meeting attendance fees in the amount of $700 for each meeting of the Board of Trustees and its committees attended. The Chairman of the Board, for each Board of Trustees meeting attended, and the chairman of each Board of Trustees committee, for each committee meeting attended, were entitled to receive meeting attendance fees of $800. The Trustees and the Executive Secretary were also entitled to receive property site inspection fees in the amount of $700 for each site inspection attended, plus the reimbursement of all reasonable and verified out-of-pocket expenses incurred in connection with the site visit. Each member of the Board of Trustees and the Executive Secretary was entitled to receive a fee of $350 for each meeting participated in by teleconference. The Trustees and the Executive Secretary are entitled to defer all or any part of their retainer, meeting and property site inspection fees pursuant to the terms of the Deferred Compensation Plan. For the fiscal year ended October 31, 2004, the Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest, and the Executive Secretary was paid meeting attendance fees, in an aggregate amount of $339,231 as consideration for their services to the Board of Trustees and its committees.
2006-02-28	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. During the fiscal year ended October 31, 2005, Mr. Barney was paid $30,000 as annual executive officer fee and $37,737 as other compensation, totaling $67,737. Additionally, he received $3,376 in other annual compensation fees.
2007-02-28	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. Mr. Barney devotes approximately fifteen percent (15%) of his time to perform his duties as an Executive Officer of the Trust. The Board of Trustees increased Mr. Barney’s annual executive officer fee to $50,000 in 2006. Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest, and the Executive Secretary was paid meeting attendance fees, in an aggregate amount of $586,079 for all Trustees. Mr. Barney's other annual compensation was $45,551.
2008-02-28	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. ... Mr. Barney devotes approximately 15% of his time to perform his duties as an Executive Officer of the Trust. ... The current members of the Nominating Committee of the Board of Trustees are Donald W. Barney, Ronald J. Artinian and Alan L. Aufzien. ... Fiscal 2007 Summary Compensation Table shows total compensation of $111,052 for Donald W. Barney.
2009-02-26	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. His current term as a member of the Board of Trustees is scheduled to expire in April 2009. Mr. Barney devotes approximately 15% of his time to perform his duties as an Executive Officer of the Trust. For the fiscal year ended October 31, 2008, the Board of Trustees determined that the compensation paid to its Executive Officers would remain the same as in the prior year. For the fiscal year ended October 31, 2008, the Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest in an aggregate amount of $702,116 as consideration for their services to the Board of Trustees and its committees.
2010-02-25	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. His current term as a member of the Board of Trustees is scheduled to expire in April 2012. The Executive Committee did not meet during fiscal 2009. The Board of Trustees determined that the compensation paid to its Executive Officers would remain the same as in the prior year. The following table sets forth information concerning the compensation of all of the Executive Officers of the Trust as of October 31, 2009. For fiscal 2009, Donald W. Barney served as President, Treasurer and Chief Financial Officer of the Trust. The total compensation for 2009 was $131,599.
2011-02-28	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. His current term as a member of the Board of Trustees is scheduled to expire in April 2012. For the fiscal year ended October 31, 2010, Donald W. Barney served as President, Treasurer and Chief Financial Officer of the Trust. The Nominating Committee current members include Donald W. Barney. The Executive Committee members include Donald W. Barney. The table below sets forth his total annual compensation as $146,189.
2012-02-28	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer since 2003, and as a Trustee since 1981. He is a member of the Executive Committee. The table shows his total compensation for 2011 as $158,407.
2013-02-28	Mr. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. ... During fiscal 2012, the members of the Executive Committee were Robert S. Hekemian, Donald W. Barney, Herbert C. Klein, Ronald J. Artinian and Alan L. Aufzien. ... Donald W. Barney, President, Treasurer and Chief Financial Officer, total compensation $176,142.
2014-02-28	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer since 2003, and as a Trustee since 1981. He serves on the Executive and Nominating Committees. For the 2013 fiscal year, his total compensation was $185,590.
2015-02-27	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. ... During the fiscal year ended October 31, 2014, Donald W. Barney served as President, Treasurer and Chief Financial Officer of the Trust ... The table below sets forth comparative information regarding ... Donald W. Barney, President, Treasurer and Chief Financial Officer ... Total compensation $206,493.
2016-02-26	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer since 2003, and as a Trustee since 1981. The Compensation Committee determined and recommended a base salary of $75,000 for fiscal 2015. The total compensation for Mr. Barney for the 2015 fiscal year was $206,257.
2017-02-24	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. His current term as a member of the Board of Trustees is scheduled to expire in April 2018. Mr. Barney was associated with Union Camp Corporation, a diversified manufacturer of paper, packaging products, chemicals and wood products, from 1969 through 1998 in various positions, including Vice President and Treasurer. Mr. Barney is also a partner and director in several private real estate investment companies. The Nominating Committee’s charter is available on the Trust’s website at www.freitnj.com under the “About FREIT” and “Corporate Governance” tabs. The current members of the Nominating Committee of the Board of Trustees are Donald W. Barney, Alan L. Aufzien and Ronald J. Artinian. Although Mr. Aufzien and Mr. Artinian meet the requirements for independence set forth in the definition of “independent director” in the listing rules of the NASDAQ Stock Market (the “NASDAQ Listing Rules”), Mr. Barney is not considered independent under the definition of “independent director” in the NASDAQ Listing Rules because he is an Executive Officer of the Trust. Donald W. Barney, 2016 $75,000 $— $— $— $— $— $112,458 $187,458
2018-02-28	Donald W. Barney has served as President of the Trust since 1993, as Treasurer and Chief Financial Officer of the Trust since 2003, and as a Trustee since 1981. His current term as a member of the Board of Trustees is scheduled to expire at the Annual Meeting. Mr. Barney was associated with Union Camp Corporation, a diversified manufacturer of paper, packaging products, chemicals and wood products, from 1969 through 1998 in various positions, including Vice President and Treasurer. Mr. Barney is also a partner and director in several private real estate investment companies.