E. VAL CERUTTI - Corporate Board Profile

LGL GROUP INC

Filing Date	Source Excerpt
2001-04-20	E. Val Cerutti, 61 Business Consultant (since 1992); President and Chief Operating Officer (1975-1992) of Stella D'oro Biscuit Co., Inc., producer of bakery products; Director of Spinnaker Industries, Inc., The Gabelli Convertible Securities Fund and The Gabelli Gold Fund
2002-04-01	Four of the nominees (E. Val Cerutti, Mario J. Gabelli, Avrum Gray and Ralph R. Papitto) have served as directors of Lynch Corporation since before the last Annual Meeting of Shareholders;...During 2001 Mr. Cerutti also served as a member of the Boards of Directors of the Corporation's subsidiaries Spinnaker Industries, Inc., Lynch Systems, Inc. and M-tron Industries, Inc. and received $38,000 in 2001 for such services....The present members are Messrs. Pustorino, Cerutti and Gray, with Mr. Pustorino serving as Chairman. ...The Executive Compensation and Benefits Committee met once during 2001. The present members are Messrs. Gabelli (Chairman), Cerutti and Papitto....The Executive Committee did not meet during 2001. The present members are Messrs. Papitto (Chairman), Cerutti and Gabelli.
2003-03-28	The present members are Messrs. Pustorino, Cerutti and Gray. Mr. Pustorino serves as Chairman and qualifies as an audit committee financial expert. The Executive Compensation and Benefits Committee met once during 2002. The present members are Messrs. Gabelli (Chairman), Cerutti and Papitto. The Executive Committee did not meet during 2002. The present members are Messrs. Papitto (Chairman), Cerutti and Gabelli. In 2002, Directors who were not employees received (i) a cash retainer of $3,000 per quarter, (ii) a fee of $1,000 for each meeting of the Board of Directors attended in person or telephonically that has a duration of at least one hour and (iii) a fee of $500 for each committee meeting the director attends in person or telephonically that has a duration of at least one hour. In addition, a non-employee director serving as a committee chairman receives an additional $1,000 annual cash retainer.
2004-04-13	In 2003, Directors who were not employees received (i) a cash retainer of $3,000 per quarter, (ii) beginning August 7, a fee of $2,000 for each meeting of the Board of Directors attended in person or telephonically that has a duration of at least one hour, (iii) effective August 7, a fee of $1,500 for each Audit committee meeting the director attends in person or telephonically that has a duration of at least one hour, and (iv) effective August 7, a fee of $750 for each Compensation Committee and each Executive Committee meeting attended in person. In addition, a director serving as audit committee chairman receives an additional $4,000 annual cash retainer. The Executive Compensation and Benefits Committee did not meet during 2003. The present members are Messrs. Cerutti (Chairman), Gray and Pustorino. The Audit Committee met five times during 2003. The present members are Messrs. Pustorino, Cerutti and Gray. The Nominating Committee includes Avrum Gray (Chairman), E. Val Cerutti, and Anthony Pustorino.
2005-04-22	The members of the Audit Committee are Messrs. Pustorino (Chairman), Cerutti and Gray. ... The Compensation Committee: The members of the Compensation Committee are Messrs. Cerutti (Chairman), Gray and Pustorino. ... The members of the Nominating Committee are Messrs. Gray (Chairman), Cerutti and Pustorino.
2006-05-01	E. Val Cerutti 66 1990 Business Consultant (since 1992); Consulting Vice Chairman (2006 to present) and President and Chief Operating Officer (1975 to 1992) of Stella D'Oro Biscuit Co., Inc., producer of bakery products; current Director or Trustee of four registered investment companies included within the Gabelli Funds Mutual Fund Complex; Director of Approach, Inc., a private company providing computer consulting services (1999-2005); former Chairman of Board of Trustees of Fordham Preparatory School. The Board of Directors has three committees, the principal duties of which are described below. AUDIT COMMITTEE: The members of the Audit Committee are Messrs. Pustorino (Chairman), Cerutti and Gray. COMPENSATION COMMITTEE: The members of the Compensation Committee are Messrs. Cerutti (Chairman), Gray and Pustorino. NOMINATING COMMITTEE: The members of the Nominating Committee are Messrs. Gray (Chairman), Cerutti and Pustorino.
2007-07-17	E. Val Cerutti 66 1990 Business Consultant (1992 to present); Consulting Vice Chairman (2006 to present) and President and Chief Operating Officer (1975 to 1992), Stella D'Oro Biscuit Co., Inc., producer of bakery products; Director or Trustee of four registered investment companies included within the Gabelli Funds Mutual Fund Complex 10 The Board of Directors met on four occasions during the year ended December 31, 2006. Each of the directors attended at least 75% of the aggregate of (i) the total number of meetings of the Board of Directors (held during the period for which he was a director); and (ii) the total number of meetings held by all committees of the Board of Directors on which he served (during the periods that he served). All five members of the Board of Directors nominated for reelection at last year's annual meeting of the Corporation's shareholders attended such meeting. The Board of Directors has three committees, the principal duties of which are described below. AUDIT COMMITTEE: The members of the Audit Committee are Messrs. Pustorino (Chairman), Cerutti, DaPuzzo and Gray. The Board of Directors has determined that all audit committee members are financially literate and independent under the current listing standards of the AMEX. Mr. Pustorino serves as Chairman and authorizes and responsibility for the appointment, retention, compensation and oversight of our independent auditors, including pre-approval of all audit and non-audit services to be performed by our independent auditors. The Audit Committee also reviews the Corporation's financial reporting process on behalf of the Board of Directors, reviews the financial information issued to shareholders and others, including a discussion of the quality, not just the acceptability, of the accounting principles; the reasonableness of significant judgments; and the clarity of discussions in the financial statements, and monitors the systems of internal control and the audit process. COMPENSATION COMMITTEE: The members of the Compensation Committee are Messrs. Guarino (Chairman), Cerutti, DaPuzzo and Gray. All members of the Compensation Committee are "independent" in accordance with AMEX rules. The Compensation Committee met two times during 2006. The responsibilities of the Compensation Committee are to review and approve compensation and benefits policies and objectives, determine whether the Corporation's officers and directors are compensated in accordance with these policies and objectives and carry out the Board of Directors' responsibilities relating to compensation of the Corporation's executives.
2008-05-27	E. Val Cerutti Fees Earned or Paid in Cash ($) 36,500 Stock Awards ($) 10,003 Total ($) 46,503 On December 31, 2007, eight members of the Board of Directors were granted 1,471 shares each of restricted common stock under the Company’s 2001 Equity Incentive Plan. Audit Committee: The members of the Audit Committee are Messrs. Pustorino (Chairman), Cerutti, DaPuzzo, Gray and Healy. Compensation Committee: The members of the Compensation Committee are Messrs. Guarino (Chairman), Cerutti, DaPuzzo, Gray and Nakamura.
2009-05-22	E. Val Cerutti Age: 68 Business Consultant; Consulting Vice Chairman ... Audit Committee and Compensation Committee member. Director Compensation Table: $30,250 total.