IVAR SIEM - Corporate Board Profile

BLUE DOLPHIN ENERGY CO

Filing Date	Source Excerpt
2001-11-29	Ivar Siem - Chairman of the Board of Directors - From 1995 to 2000, Mr. Siem served on the Board of Directors of Grey Wolf, Inc., during which time he served as Chairman from 1995 to 1998 and interim President (1995) during its restructuring. Since 1985, he has been an international consultant in energy, technology and finance. He has served as a Director of Business Development for Norwegian Petroleum Consultants and as an independent consultant to the oil and gas exploration and production industry based in London, England. Mr. Siem holds a Bachelor of Science Degree in Mechanical Engineering from the University of California, Berkeley, and has completed an executive MBA program at Amos Tuck School of Business, Dartmouth University. Since October 1999, Mr. Siem has served as a Director of American Resources Offshore, Inc. ("American Resources"), and since December 1999 he has served as President of American Resources, which is a 77% owned subsidiary of the Company. In fiscal 2000 the Company paid to non-employee members of the Board of Directors an annual retainer of $3,000, plus $500 for each committee served on, and stock options as determined by the compensation committee. In 2001, the annual retainer was increased to $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an annual retainer of $3,000 and other Audit Committee members receive an annual retainer of $1,500. In addition, directors shall receive stock options based upon a market value of $20,000 of the underlying shares. No additional remuneration is paid to directors for committee meetings attended, except that directors are entitled to be reimbursed for expenses related to attendance of board or committee meetings. The following table sets forth the compensation paid to the Chief Executive Officer and each of the executive officers of the Company whose annual salary exceeded $100,000 in fiscal 2000 (collectively, the "Named Executive Officers") for services rendered to the Company. Ivar Siem 2000 $150,000 - 10,965 Chairman of the Board 1999 $150,000 - 14,292 1998 $65,085 - The Audit Committee consisting of Messrs. Siem, Barbanell and Chadwick, met three times during the last fiscal year. The Audit Committee's duties include overseeing the Company's financial reporting and internal control functions. In May 2001, Mr. Wagner was elected to the Audit Committee in place of Mr. Siem. The Compensation Committee, consisting of Messrs. Siem, Kaffie, and Barbanell, met two times during the last fiscal year. The Compensation Committee's duties are to oversee and set compensation policy and to administer the Company's stock option plans.
2002-04-16	Ivar Siem - Chairman of the Board of Directors - From 1995 to 2000, Mr. Siem served on the Board of Directors of Grey Wolf, Inc., during which time he served as Chairman from 1995 to 1998 and interim President (1995) during its restructuring. Since 1985, he has been an international consultant in energy, technology and finance. He has served as a Director of Business Development for Norwegian Petroleum Consultants and as an independent consultant to the oil and gas exploration and production industry based in London, England. Mr. Siem holds a Bachelor of Science Degree in Mechanical Engineering from the University of California, Berkeley, and has completed an executive MBA program at Amos Tuck School of Business, Dartmouth University. In fiscal 2001, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an annual retainer of $3,000 and other Audit Committee members receive an annual retainer of $1,500. In addition, directors received stock options based upon a market value of $20,000 of the underlying shares. No additional remuneration is paid to directors for committee meetings attended, except that directors are entitled to be reimbursed for expenses related to attendance of board or committee meetings. SUMMARY COMPENSATION TABLE* Ivar Siem 2001 $150,000 - - Chairman of the Board At the beginning of 2001, the Audit Committee consisted of Messrs. Barbanell, Siem and Chadwick. In May 2001, Mr. Siem resigned from the Audit Committee and Mr. Wagner was appointed to fill the vacancy on the Audit Committee. After Mr. Barbanell's resignation in February 2002, Mr. Wagner was elected to replace Mr. Barbanell as Chairman of the Audit Committee. During 2001, the Compensation Committee, consisted of Messrs. Siem, Kaffie, and Barbanell met once.
2003-04-16	Ivar Siem - Chairman of the Board of Directors - Since September 2000, Mr. Siem has served as Chairman and President of Drillmar, Inc.... Mr. Siem has served as Chairman of the Company since December 1989. In fiscal 2002, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an annual retainer of $3,000 and other Audit Committee members receive an annual retainer of $1,500. In addition, each director received stock options to acquire an aggregate market value of $20,000 of the underlying shares. Summary Compensation Table shows Ivar Siem 2002 salary $80,000.
2004-10-13	Ivar Siem - Chairman of the Board of Directors and Chief Executive Officer - Since September 2000, Mr. Siem has served as Chairman and President of Drillmar, Inc. a well construction and intervention company. ... Mr. Siem holds a Bachelor of Science Degree in Mechanical Engineering from the University of California, Berkeley, and has completed an executive MBA program at Amos Tuck School of Business, Dartmouth University. In fiscal year 2003, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. ... No additional compensation is paid to directors serving on the Compensation Committee. The following table sets forth the compensation paid to the Company's Chief Executive Officer and each of the executive officers whose annual salary exceeded $100,000 in fiscal 2003 (collectively, the "Named Executive Officers") for services rendered to the Company. Ivar Siem - 2003 - $80,000 salary.
2005-04-20	In fiscal year 2004, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an additional annual retainer of $3,000 and other Audit Committee members receive an additional annual retainer of $1,500. No additional remuneration is paid to directors for committee meetings attended, except that directors are entitled to be reimbursed for expenses related to attendance at board or committee meetings. No additional compensation is paid to directors serving on the Compensation Committee. Ivar Siem - Chairman of the Board of Directors and Chief Executive Officer - Mr. Siem has served as Chairman of the Board of Directors since 1989 and was appointed as the Chief Executive Officer of the Company in April, 2004.
2006-04-27	Ivar Siem - Chairman of the Board of Directors and Chief Executive Officer - Mr. Siem has served as Chairman of the Board of Directors since 1989 and was appointed as the Chief Executive Officer of the Company in April, 2004. ... In fiscal year 2005, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an additional annual retainer of $3,000 and other Audit Committee members receive an additional annual retainer of $1,500. No additional remuneration is paid to directors for committee meetings attended, except that directors are entitled to be reimbursed for expenses related to attendance at board or committee meetings. No additional compensation is paid to directors serving on the Compensation Committee.
2007-04-27	Ivar Siem, 60, Chairman of the Board and Chief Executive Officer. Mr. Siem has served as Chairman of the Board of Directors of the Company since 1989 and was appointed as Chief Executive Officer in 2004. ... Mr. Siem's current salary is based on part-time employment with the Company in his capacity as Chief Executive Officer. ... Compensation for the Company’s executive officers consists of base salary, cash bonuses and incentive awards that have historically consisted of stock options. ... The following table sets forth the compensation paid to the Company’s principal executive officer ... Ivar Siem, Chairman of the Board and Chief Executive Officer, 2006, Salary $60,000, Total $60,000.
2008-04-18	Ivar Siem, 61, Chairman of the Board and Chief Executive Officer. Mr. Siem has served as Chairman of the Board of Directors of the Company since 1989 and was appointed as Chief Executive Officer in 2004. ... SUMMARY COMPENSATION TABLE ... Ivar Siem Chairman of the Board and Chief Executive Officer 2007 $83,333 salary, $30,000 bonus, $21,243 stock awards, total $134,576.
2009-04-21	Ivar Siem, 62, Chairman of the Board and Chief Executive Officer. Mr. Siem has served as Chairman of the Board of Directors of the Company since 1989 and was appointed as Chief Executive Officer in 2004. ... SUMMARY COMPENSATION TABLE ... Ivar Siem Chairman of the Board and Chief Executive Officer 2008 $100,000 salary, $84,970 bonus, total $184,970 ... Directors who are also employees of the Company are not paid any fees or other compensation for services as a member of the Board of Directors or any committee of the Board of Directors.
2010-05-19	Ivar Siem, 63, Chairman of the Board and Chief Executive Officer. Mr. Siem has served as Chairman of the Board of the Company since 1989 and was appointed as Chief Executive Officer in 2004. ... Mr. Siem's salary is based on part-time employment with the Company in his capacity as Chief Executive Officer. ... SUMMARY COMPENSATION TABLE ... Ivar Siem Chairman of the Board and Chief Executive Officer 2009 Salary $100,000 Awards $63,727 Total $163,727
2011-12-28	Mr. Siem has served on Blue Dolphin's Board since 1989; he is currently Chairman of the Board. He also sits on the Board of Directors of Drillmar Energy, Inc, a subsidiary of which filed for Chapter 11 reorganization in 2009, as well as Avenir ASA, The Classical Theatre, Frupor SA, TI A/S and Siem Industries, Inc. (and two of its affiliates).
2012-04-30	Mr. Siem has served on Blue Dolphin's Board since 1989; he is currently Chairman of the Board. He also sits on the Board of Directors of several private companies, including Drillmar Energy, Inc. (a subsidiary of which filed for Chapter 11 reorganization in 2009).
2013-11-25	Mr. Siem has served on Blue Dolphin’s Board since 1989; he is currently Chairman of the Board. During 2012, non-employee directors were paid an annual retainer of $20,000, payable quarterly in Common Stock.
2014-05-19	Ivar Siem, Chairman of the Board. Compensation for Non-Employee Directors: Ivar Siem Fees Earned Payable in Common Stock Awards $0, Payable in Cash $100,000.