HUDSON D. SMITH - Corporate Board Profile

SIFCO INDUSTRIES INC

Filing Date	Source Excerpt
2001-12-14	HUDSON D. SMITH, 50, director of the Company since 1988. Mr. Smith has been Treasurer of the Company since 1983 and President of SIFCO Forge Group since 1998. Mr. Smith previously served as Vice President and General Manager of SIFCO Forge Group from 1995 through 1997, General Manager of SIFCO Forge Group's Cleveland Operations from 1989 through 1995 and Group General Sales Manager of SIFCO Forge Group from 1985 through 1989.
2002-12-13	HUDSON D. SMITH, 51, director of the Company since 1988. Mr. Smith has been Treasurer of the Company since 1983 and President of SIFCO Forge Group since 1998. ... In fiscal 2002, each director (other than directors who are employed by the Company) received an annual retainer fee of $12,000 and an attendance fee of $1,000 per Board meeting, $1,000 per Committee meeting for meetings held on a day other than the day of a Board meeting and $500 per Committee meeting for meetings held on the day of a Board meeting. Committee chairperson received an additional $2,000 annual retainer for such service. ... Hudson D. Smith 2002 Salary $111,684, Bonus $2,320, Option Awards $5,000, All Other Compensation $1,320.
2003-12-12	HUDSON D. SMITH, 52, director of the Company since 1988. Mr. Smith has been Treasurer of the Company since 1983 and Executive Vice President since September 2003. ... In fiscal 2003, each director (other than directors who are employed by the Company) received an annual retainer fee of $12,000 and an attendance fee of $1,000 per Board meeting, $1,000 per Committee meeting for meetings held on a day other than the day of a Board meeting and $500 per Committee meeting for meetings held on the day of a Board meeting. Committee chairpersons received an additional $2,000 annual retainer for such service. ... Hudson D. Smith, 2003 113,376 7,500 -0- -0- 3,410 Executive Vice President & Treasurer
2004-12-17	Hudson D. Smith, 53, director of the Company since 1988. Mr. Smith has been Treasurer of the Company since 1983 and Executive Vice President since September 2003.
2005-12-16	Hudson D. Smith, 54, director of the Company since 1988. Mr. Smith is currently the President of Forged Aerospace Sales, LLC.
2006-12-15	Hudson D. Smith, 55, director of the Company since 1988. ... In fiscal 2005, H.D. Smith resigned as Executive Vice President and Treasurer of the Company. In connection with the resignation, the Company entered into a Separation Agreement with Mr. Smith that provides him with severance benefits for two years and medical benefits for 18 months. Mr. Smith received payments of $114,500 during fiscal 2006 under such Separation Agreement. In fiscal 2005, Mr. Smith entered into a Sales Representative Agreement with the Company ... Mr. Smith received payments of $107,900 during fiscal 2006 under such Sales Representative Agreement.
2007-12-14	Hudson D. Smith, 56, director of the Company since 1988. Mr. Smith is currently the President of Forged Aerospace Sales, LLC. ... Refer to "Director Compensation" below for a discussion of certain transactions between Mr. Smith and the Company.
2008-12-15	Hudson D. Smith, 57, director of the Company since 1988. ... Director Compensation for Fiscal 2008 ... Hudson D. Smith ... Total Compensation ($) 381,732
2009-12-22	Hudson D. Smith, 58, director of the Company since 1988. Mr. Smith is currently the President of Forged Aerospace Sales, LLC. Mr. Smith previously served the Company as Executive Vice President from 2003 through 2005; as Treasurer from 1983 through 2005; as President of SIFCO Forge Group from 1998 through 2003; as Vice President and General Manager of SIFCO Forge Group from 1995 through 1997; as General Manager of SIFCO Forge Group's Cleveland Operations from 1989 through 1995; and as General Sales Manager of SIFCO Forge Group from 1985 through 1989.
2010-12-15	Hudson D. Smith, 59, director of the Company since 1988. Director Compensation for Fiscal 2010 shows total compensation of $195,900, which includes $164,400 payments made to Forged Aerospace Sales, LLC under the Sales Representative Agreement for services other than as director.
2011-12-01	Hudson D. Smith, 60, director of the Company since 1988... Director Compensation for Fiscal 2011: Hudson D. Smith total $301,100. Compensation consists of fees earned or paid in cash $26,250, stock awards $29,000, and all other compensation $245,850 related to sales representative agreement.
2012-11-30	Hudson D. Smith, 61, director of the Company since 1988. Mr. Smith is currently the President of Forged Aerospace Sales, LLC. Director Compensation: Total Compensation $315,800.
2013-12-13	Hudson D. Smith, 62, director of the Company since 1988... Mr. Smith is currently the President of Forged Aerospace Sales, LLC... Director Compensation for Fiscal 2013... Hudson D. Smith... Fees Earned or Paid in Cash ($): 28,750... Stock Awards ($): 36,900... All Other Compensation ($): 280,000... Total Compensation ($): 345,650.
2014-12-12	Hudson D. Smith, 63, director of the Company since 1988. Mr. Smith is currently the President of Forged Aerospace Sales, LLC. Director Compensation Table shows fees earned or paid in cash of $30,000 and other compensation of $329,035 related to payments made to Forged Aerospace Sales, LLC under a Sales Representative Agreement, totaling $413,619.
2016-01-29	Hudson D. Smith, 64, director of the Company since 1988. Mr. Smith is currently the President of Forged Aerospace Sales, LLC. The following table shows the compensation paid to each of the non-employee directors during fiscal 2015. Mr. Smith previously held several executive level positions with the Company and, in connection with his resignation from the Company, Mr. Smith entered into a Sales Representative Agreement with the Company, the terms of which are substantially the same as the terms of other agreements the Company maintains with its third-party sales representatives. Compensation under the Sales Representative Agreement, which resulted in payments of $221,627 in fiscal 2015, is based strictly upon earned sales commissions with no guaranteed minimum obligation to Mr. Smith and/or to Forged Aerospace Sales, LLC.
2016-12-06	Hudson D. Smith, 65, director of the Company since 1988. Mr. Smith is currently the President of Forged Aerospace Sales, LLC. Mr. Smith previously served the Company as Executive Vice President from 2003 through 2005; as Treasurer from 1983 through 2005; as President of SIFCO Forge Group, the Company's Cleveland forging operation from 1998 through 2003; as Vice President and General Manager of SIFCO Forge Group, from 1995 through 1997; as General Manager of SIFCO Forge Group from 1989 through 1995; and as General Sales Manager of SIFCO Forge Group from 1985 through 1989. Mr. Smith served as a board member of the Forging Industry Association from 2004 through 2008. Refer to “Director Compensation” below for a discussion of certain transactions between Mr. Smith and the Company.
2017-12-20	Hudson D. Smith, 66, director of the Company since 1988... Director Compensation Table shows Hudson D. Smith $30,000 Fees Earned or Paid in Cash, $39,308 Stock Awards, $136,318 All Other Compensation, Total $205,626.
2018-12-07	Hudson D. Smith, 67, director of the Company since 1988. ... The following table shows the compensation paid to each of the non-employee directors during fiscal 2018. ... Hudson D. Smith Fees Earned or Paid in Cash $30,000, Stock Awards $44,717, All Other Compensation $153,368, Total $228,085.
2019-12-16	Hudson D. Smith, 68, director of the Company since 1988... Mr. Smith previously held several executive level positions with the Company and, in connection with his resignation from the Company, Mr. Smith, through his affiliated entity, Forged Aerospace Sales, LLC, continues to maintain a Sales Representative Agreement with the Company... Compensation under the Sales Representative Agreement, which resulted in payments of $202,901 in fiscal 2019... The following table shows the compensation paid to each of the non-employee directors during fiscal 2019... Hudson D. Smith... $267,214
2020-12-23	Hudson D. Smith, 69, director of the Company since 1988. ... Directors who are employees of the Company do not receive the annual retainer or other consideration with respect to their service on the Board. ... The following table shows the compensation paid to each of the non-employee directors during fiscal 2020. ... With respect to Mr. Smith, all other compensation consists of payments made to Forged Aerospace Sales, LLC, an entity affiliated to Mr. Smith, during fiscal 2020 under the Sales Representative Agreement, further described below, for services other than as director. ... Compensation under the Sales Representative Agreement, which resulted in payments of $229,940 in fiscal 2020, is based strictly upon earned sales commissions with no guaranteed minimum obligation to Mr. Smith and/or to Forged Aerospace Sales, LLC.
2021-12-10	Hudson D. Smith, 70, director of the Company since 1988... Mr. Smith is currently the President of Forged Aerospace Sales, LLC... The following table shows the compensation paid to each of the non-employee directors during fiscal 2021... Hudson D. Smith $30,000 fees earned + $41,950 stock awards + $223,036 other compensation = $294,986 total.
2022-12-23	Hudson D. Smith, 71, director of the Company since 1988... Mr. Smith served as a board member of the Forging Industry Association from 2004 through 2008... Director Compensation Table shows Hudson D. Smith with total compensation $278,627, which includes $206,438 payments made to Forged Aerospace Sales, LLC, an entity affiliated to Mr. Smith, for services other than as director.
2024-01-02	Hudson D. Smith, 72, director of the Company since 1988. ... Mr. Smith is currently the President of Forged Aerospace Sales, LLC. ... Director Compensation Table ... Hudson D. Smith $35,000 Fees Earned or Paid in Cash, $20,880 Stock Awards, $123,659 All Other Compensation, Total $179,539.