HERSHEL M. RICH - Corporate Board Profile

FRIEDMAN INDUSTRIES INC

Filing Date	Source Excerpt
2001-07-30	Hershel M. Rich................... Private investor and business consultant, Houston, Texas The Board of Directors has a compensation committee composed of Messrs. Rich, Rauch and Weaver. The Board of Directors has a stock option committee composed of Messrs. Rauch, Rich and Williams. DIRECTOR FEES With the exception of directors who are employees of the Company, directors are paid $500 per quarter and receive annually 400 shares of Common Stock. In addition, audit committee members receive $500 for each committee meeting attended.
2002-07-29	Hershel M. Rich................... Private investor and business consultant, Houston, Texas DIRECTOR COMPENSATION With the exception of directors who are employees of the Company, directors are paid $500 per quarter and receive annually 400 shares of Common Stock pursuant to the Company's 2000 Non-Employee Director Stock Plan. In addition, audit committee members receive $500 for each committee meeting attended. The Board of Directors has a compensation committee composed of Messrs. Rauch, Rich and Weaver. The compensation committee met two times in fiscal 2002, and Messrs. Rauch, Rich and Weaver attended both meetings. The Board of Directors has a stock option committee composed of Messrs. Rauch, Rich and Williams. The stock option committee met one time in fiscal 2002, and Messrs. Rauch, Rich and Williams attended this meeting.
2003-07-25	The Board of Directors has a compensation and stock option committee composed of Messrs. Rauch, Rich and Williams. The compensation and stock option committee met one time in fiscal 2003, and Messrs. Rauch and Williams attended the meeting. Mr. Rich was not present at the meeting. The Board has a nominating committee comprised of Messrs. Hall, Rauch, Rich, Weaver and Williams. With the exception of directors who are employees of the Company, directors are paid $500 per quarter and receive annually 400 shares of Common Stock pursuant to the Company's 2000 Non-Employee Director Stock Plan.
2004-07-29	Hershel M. Rich Private investor and business consultant, Houston, Texas 1979 79
2005-07-26	With the exception of directors who are employees of the Company, directors are currently paid $1,000 per quarter and receive annually 400 shares of Common Stock pursuant to the Companys 2000 Non-Employee Director Stock Plan. In addition, the chairman of the audit committee and members of such committee receive $1,000 and $750, respectively, for each committee meeting attended.
2006-07-25	With the exception of directors who are employees of the Company, directors are currently paid $2,000 per quarter. In addition, the chairman of the audit committee and members of such committee receive $1,000 and $750, respectively, for each committee meeting attended. On October 15, 2005, each non-employee director also received 320 shares of Common Stock of the Company under the Company 2000 Non-Employee Director Stock Plan, which terminated in accordance with its terms subsequent to such grants. In addition, each non-employee director received $490, representing an amount equal to 80 shares of Common Stock at the closing price of $6.12 per share on October 14, 2005 as reported on the American Stock Exchange. Messrs. Crow, H. Friedman and J. Friedman receive no compensation for serving as directors. The Board of Directors has a compensation and stock option committee composed of Messrs. Rauch, Rich and Williams. The nominating committee is composed of Messrs. Hall, Rauch, Rich, Weaver and Williams. The Board formed a special committee comprised of Messrs. Hall, Rauch, Rich, Weaver and Williams to consider the purchase of 551,248 shares of Common Stock from Jack Friedman for approximately $4.911 per share or a total of $2,707,179.
2007-07-24	Hershel M. Rich - Private investor and business consultant. Compensation: $8,000. Serves on Compensation and Stock Option Committee and Nominating Committee.
2008-07-23	Hershel M. Rich Private investor and business consultant, Houston, Texas 1979 83 The Board of Directors has an audit committee which currently consists of Messrs. Rauch, Spira (Chair), Agrawal and Rich. The Board of Directors has a compensation and stock option committee composed of Messrs. Rauch, Rich (Chair) and Williams. Hershel M. Rich compensation: 9,500
2009-07-27	Hershel M. Rich Private investor and business consultant, Houston, Texas Audit, Compensation, and Nominating committee member Total compensation: $11,000
2010-07-26	Hershel M. Rich Private investor and business consultant, Houston, Texas Audit Committee, Compensation Committee, Nominating Committee Total compensation: 10,250 USD
2011-07-25	Hershel M. Rich Non-Equity Fees Earned or Paid in Cash: 8,750 The compensation committee is composed of Messrs. Agrawal, Rauch, Rich (Chair) and Williams. The nominating committee is composed of Messrs. Agrawal, Hall, Rauch, Reichenthal, Rich, Spira and Williams (Chair).