EDWARD J. LAUTH III - Corporate Board Profile

WEIS MARKETS INC

Filing Date	Source Excerpt
2013-03-14	Mr. Lauth was recommended to the Board for election as a director by Mr. Jonathan H. Weis, the Vice Chairman. The 2012 Audit Committee was composed of Directors Steven C. Smith, Silverman, Steele and Lauth. Mr. Smith ceased to serve on the Audit Committee when his term as director expired in April 2012. In July 2012, the Board elected Mr. Lauth to the Board to fill the seat vacated by Mr. Smith. At the same time, Mr. Lauth was appointed to the Audit Committee by the Company27s Board.
2014-03-13	Edward J. Lauth III. Mr. Lauth has served as Chief Executive Officer of Shaner Capital, L.P. since 2011. Shaner has interests in energy parks and real estate development in Pennsylvania. In addition, Mr. Lauth is the CEO of Hydro Recovery (frac water treatment) in Blossburg, Pennsylvania. Since 2004 Mr. Lauth has also served as Managing General Partner of Governor's Harbour Resort & Marina, Ltd., which was formed by Mr. Lauth in 2004 to develop 270 acres on the island of Eleuthera in the Bahamas. As an entrepreneur and businessman, Mr. Lauth founded AquaPenn Spring Water Company in 1988, which went public (APN:NYSE) in 1998 and was later acquired by Group Danone in 1999. Mr. Lauth was the developer of Baby's Burgers and Shakes, a landmark 1950's diner, and two hi-rise residential and student condominium projects in State College, Pennsylvania. Mr. Lauth's community service commitments include his positions as past Chairperson of the Center County United Way and past Chairman of the Suzanne Pohland Paterno Student Faith Center at Penn State University. Mr. Lauth has had an extensive career in sales, marketing and real estate development. This combined experience along with Mr. Lauth’s entrepreneurial skills provides the Board with a valuable perspective. The 2013 Audit Committee was comprised of Directors Silverman, Steele and Lauth. Mr. Silverman served as Chairman of the Audit Committee through April 25, 2013, at which point Mr. Lauth became Chairman of the Audit Committee. The Audit Committee held four regular meetings and four special meetings during fiscal 2013. The Board has determined that all Audit Committee members are financially literate under the listing standards of the NYSE. The Board also determined that all Audit Committee members were “audit committee financial experts” in fiscal 2013 and all Audit Committee members are “audit committee financial experts” in fiscal 2014, as defined in Item 401(h) of Regulation S-K, and all members of the Audit Committee are “independent” for purposes of Section 10A(m)(3) of the Securities Exchange Act of 1934 and the listing standards of the NYSE. The 2013 Compensation Committee was comprised of Directors Lauth, Silverman, Steele and Jonathan H. Weis. Mr. Weis served as Chairman of the Compensation Committee through April 25, 2013, at which point he ceased to serve on the Compensation Committee and Mr. Lauth was appointed to the Compensation Committee. Mr. Silverman served as Chairman of the Compensation Committee for the remainder of the year. Directors who are not officers of the Company or any of its subsidiaries receive an annual retainer of $40,000 paid in quarterly installments during the year. The Chairman of the Audit Committee receives an additional $6,000 annual retainer fee paid in quarterly installments during the year. In addition, each non-management independent director is entitled to reimbursement for out-of-pocket expenses to attend meetings. There is no additional remuneration for services rendered by directors serving on committees or for participation in the non-management independent director meetings.
2015-03-13	The 2014 Audit Committee was comprised of Directors Lauth, Silverman and Steele. Mr. Lauth served as Chairman of the Audit Committee. The 2014 Compensation Committee was comprised of Directors Lauth, Silverman and Steele. Mr. Silverman served as Chairman of the Compensation Committee. DIRECTOR COMPENSATION The following table shows the compensation earned by the Company’s non-management independent directors for services during fiscal 2014. Edward J. Lauth 83,500 83,500
2016-03-11	Edward J. Lauth III. Mr. Lauth has served as Chief Executive Officer of Shaner Capital, L.P. since 2011. Shaner has interests in energy parks and real estate development in Pennsylvania. In addition, Mr. Lauth is the CEO of Hydro Recovery (frac water treatment) in Blossburg, Pennsylvania. Since 2004 Mr. Lauth has also served as Managing General Partner of Governor's Harbour Resort & Marina, Ltd., which was formed by Mr. Lauth in 2004 to develop 270 acres on the island of Eleuthera in the Bahamas. As an entrepreneur and businessman, Mr. Lauth founded AquaPenn Spring Water Company in 1988, which went public (APN:NYSE) in 1998 and was later acquired by Group Danone in 1999. Mr. Lauth was the developer of Baby's Burgers and Shakes, a landmark 1950's diner, and two hi-rise residential and student condominium projects in State College, Pennsylvania. Mr. Lauth's community service commitments include his positions as past Chairperson of the Center County United Way and past Chairman of the Suzanne Pohland Paterno Student Faith Center at Penn State University.
2017-03-16	The 2016 Audit Committee was comprised of Directors Hatchell, Lauth and Silverman. Mr. Lauth served as Chairman of the Audit Committee through April 21, 2016, at which point Mr. Hatchell became Chairman of the Audit Committee. The Audit Committee held four regular meetings and five special meetings during fiscal 2016. The 2016 Compensation Committee was comprised of Directors Hatchell, Lauth and Silverman. Mr. Silverman served as Chairman of the Compensation Committee. The Compensation Committee held four meetings during fiscal 2016.
2018-03-15	The 2017 Audit Committee was comprised of Directors Hatchell, Lauth and Silverman. The 2017 Compensation Committee was comprised of Directors Hatchell, Lauth and Silverman.
2019-03-12	Edward J. Lauth III. Mr. Lauth has served as Chief Executive Officer of Shaner Capital, L.P. since 2011. Mr. Lauth’s extensive executive level management background within other retail industries is a valuable resource for the Board. The 2018 Audit Committee was comprised of Directors Hatchell, Lauth and Silverman. The 2018 Compensation Committee was comprised of Directors Hatchell, Lauth and Silverman. Directors who are not officers of the Company or any of its subsidiaries receive an annual retainer of $90,000 paid in quarterly installments during the year. Mr. Lauth’s total compensation was $90,000 in 2018.
2020-03-12	The 2019 Audit Committee was comprised of Directors Hatchell, Lauth and Silverman. The Audit Committee held four regular meetings and three special meetings during fiscal 2019.
2021-03-11	The 2020 Audit Committee was comprised of Directors Hatchell, Lauth and Silverman. Mr. Hatchell served as Chairman of the Audit Committee. The Audit Committee held four regular meetings and three special meetings during fiscal 2020. The 2020 Compensation Committee was comprised of Directors Hatchell, Lauth and Silverman. Mr. Silverman served as Chairman of the Compensation Committee.
2022-03-10	The 2021 Audit Committee was comprised of Directors Hatchell, Lauth and Silverman. The Audit Committee held four regular meetings and four special meetings during fiscal 2021. The 2021 Compensation Committee was comprised of Directors Hatchell, Lauth and Silverman.
2023-03-09	The 2022 Audit Committee was comprised of Directors Hatchell, Lauth and Silverman. Mr. Lauth served on the Audit Committee. The 2022 Compensation Committee was comprised of Directors Hatchell, Lauth and Silverman. Mr. Lauth served on the Compensation Committee. Directors Hatchell, Lauth and Silverman were not officers or employees of the Company, nor have they had any relationship with the Company requiring disclosure under the SEC regulations. Director compensation table shows Edward J. Lauth III earned $102,500 in fees for 2022.
2024-03-14	Edward J. Lauth III. Mr. Lauth has served as Chief Executive Officer of Shaner Capital, L.P. since 2011. Shaner has interests in energy parks and real estate development in Pennsylvania. In addition, Mr. Lauth served as an advisor to Hydro Recovery (frac water treatment) in Blossburg, Pennsylvania. Since 2004 Mr. Lauth has also served as Managing General Partner of Governor’s Harbour Resort & Marina, Ltd., which was formed by Mr. Lauth in 2004 to develop 200 acres on the island of Eleuthera in the Bahamas. As an entrepreneur and businessman, Mr. Lauth founded AquaPenn Spring Water Company in 1988, which went public (APN: NYSE) in 1998 and was later acquired by Group Danone in 1999. Mr. Lauth was the developer of Baby’s Burgers and Shakes, a landmark 1950’s diner, and two hi-rise residential and student condominium projects in State College, Pennsylvania. Mr. Lauth’s community service commitments include his positions as past Chairperson of the Centre County United Way and past Chairman of the Suzanne Pohland Paterno Student Faith Center at Penn State University. The 2023 director compensation was $110,000. He served on the Audit Committee and Compensation Committee.
2025-03-13	Mr. Lauth has had an extensive career in sales, marketing and real estate development.