J. WARD MCCONNELL, JR. - Corporate Board Profile

ARTS WAY MANUFACTURING CO INC

Filing Date	Source Excerpt
2002-03-13	J. WARD McCONNELL, JR., AGE 70, Kinston, North Carolina, Private investor for more than five years. Was appointed Chairman of the Board February 12, 2002.
2002-05-08	Mr. McConnell was elected as a director to fill the vacancy. Under the terms of the agreement with Mr. McConnell, James L. Koley, resigned as Chairman of the Board. Mr. McConnell was elected as Chairman of the Board.
2003-03-24	J. WARD McCONNELL, JR., age 71, Kinston, North Carolina. Private investor for more than five years. Was appointed Chairman of the Board February 12, 2002. The Chairman of the Board receives $60,000 per year and is eligible for a discretionary bonus.
2004-03-01	J. WARD McCONNELL, JR., age 72, Kinston, North Carolina. Private investor for more than five years. Mr. McConnell is Chairman of the Board of Directors. ... The Chairman of the Board receives $60,000 per year and is eligible for a discretionary bonus. For the bonus paid in fiscal 2003, the Compensation Committee considered the effort and time expended on Company affairs by the Chairman in 2002 and awarded a bonus of $30,000.
2005-03-10	J. WARD McCONNELL, JR., age 73, Kinston, North Carolina. Private investor for more than five years. Mr. McConnell is Chairman of the Board of Directors. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee or attendance fees. The Chairman of the Board receives $82,000 per year and is eligible for a discretionary bonus.
2006-03-09	J. WARD McCONNELL, JR., age 74, Kinston, North Carolina. Private investor for more than six years. Mr. McConnell is Chairman of the Board of Directors. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee or attendance fees. ... The Chairman of the Board receives $82,000 per year and is eligible for a discretionary bonus.
2007-03-23	J. WARD McCONNELL, JR., age 75, Kinston, North Carolina. Private investor for more than seven years. Mr. McConnell is Chairman of the Board of Directors. ... Effective April 26, 2006, each director, other than the Chairman of the Board, receives $20,000 per year for service as a director, with no committee or attendance fees. ... The Chairman of the Board receives $84,000 per year and is eligible for a discretionary bonus. The Compensation Committee reviewed Mr. McConnell's efforts and contributions for fiscal 2006 and awarded him a discretionary bonus of $100,000.
2008-03-20	Our Executive Chairman of the Board is also eligible for a discretionary bonus in an amount determined by the Board of Directors. Director compensation is generally reviewed annually and adjustments may be adopted by the Board of Directors. For fiscal year 2007, each director, other than the Executive Chairman of the Board, received annual compensation totaling $20,000. Our Executive Chairman of the Board, J. Ward McConnell, Jr., received annual compensation totaling $84,000 for fiscal year 2007. Additionally, the Board of Directors reviewed Mr. McConnell’s efforts and contributions for fiscal year 2007 and awarded him a discretionary bonus of $140,000.
2009-03-26	J. Ward McConnell, Jr., Executive Chairman of the Board, Director, Age 77. Mr. McConnell has been a private investor for more than nine years. Mr. McConnell was a director from 1996 to 2001 and returned and has served since February 2002. Our Executive Vice Chairman and director, Marc H. McConnell, is the son of Mr. McConnell. Mr. McConnell has been the Executive Chairman of the Board of Directors since 2001 and currently resides in Fort Myers, Florida. For fiscal year 2008, our Executive Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer fee of $144,500 for fiscal year 2008, and additional compensation of $100,000 in the form of a discretionary bonus, which was awarded by the Board in January 2009 for Mr. McConnell’s service during the 2008 fiscal year. Director Compensation Table for Fiscal Year 2008: J. Ward McConnell, Jr. Fees Earned or Paid in Cash $144,500, Stock Option Awards $8,300, All Other Compensation $105,000, Total Compensation $252,800.
2010-03-26	J. Ward McConnell, Jr., Executive Chairman of the Board, Director, Age 78. Mr. McConnell has been a private investor for more than nine years. Mr. McConnell was a director from 1996 to 2001 and returned and has served since February 2002. Our Executive Vice Chairman and director, Marc H. McConnell, is the son of Mr. McConnell. Mr. McConnell has been the Executive Chairman of the Board of Directors since 2001 and currently resides in Fort Myers, Florida. For fiscal year 2009, our Executive Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer fee of $150,000 for fiscal year 2009. Our Executive Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer fee of $58,000 for fiscal year 2009. Director Compensation Table for Fiscal Year 2009: J. Ward McConnell, Jr. Fees Earned or Paid in Cash $150,000, Stock Option Awards $3,120, Total Compensation $153,120.
2011-03-25	J. Ward McConnell, Jr., Executive Chairman of the Board, Director. Mr. McConnell has been a private investor for more than nine years. Mr. McConnell was a director from 1996 to 2001 and returned and has served since February 2002. Our Executive Vice Chairman and director, Marc H. McConnell, is the son of Mr. McConnell. Mr. McConnell has been the Executive Chairman of the Board of Directors since 2002 and currently resides in Fort Myers, Florida. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell is uniquely qualified to serve as a director due to his extensive experience in the farm equipment manufacturing industry throughout his career. For fiscal year 2010, each director, other than the Executive Chairman of the Board and Executive Vice Chairman of the Board, received annual compensation totaling $30,000. Our Executive Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer fee of $150,000 for fiscal year 2010. Our Executive Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer fee of $58,000 for fiscal year 2010. In January 2011, the Board of Directors also approved discretionary cash bonuses of $100,000 and $15,000 to J. Ward McConnell, Jr. and Marc H. McConnell, respectively, in recognition of services rendered and Company performance during fiscal 2010. Director Compensation Table for 2010 Fiscal Year shows J. Ward McConnell, Jr. total compensation as $262,360.
2012-03-26	Our Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer fee of $150,000 for fiscal year 2011. Our Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer fee of $70,000 for fiscal year 2011. In January 2012, the Board of Directors also approved discretionary cash bonuses of $61,875 and $20,640 to J. Ward McConnell, Jr. and Marc H. McConnell, respectively, in recognition of services rendered and Company performance during fiscal 2011. Director Compensation Table for 2011 Fiscal Year... J. Ward McConnell, Jr. 211,875 (2) 17,280 0 229,155
2013-03-25	J. Ward McConnell, Jr., Chairman of the Board, Director. Mr. McConnell has been a private investor for more than ten years. Mr. McConnell was a director of the Company from 1996 to 2001 and returned in and has served since February 2002. Our Vice Chairman and director, Marc H. McConnell, is the son of Mr. McConnell. Mr. McConnell has been the Chairman of the Board since 2002 and currently resides in Fort Myers, Florida. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell is uniquely qualified to serve as a director due to his extensive experience in the farm equipment manufacturing industry throughout his career. Our Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer of $250,000 for fiscal year 2012. For fiscal year 2012, the Chairman of the Board received incentive compensation of $103,125. Director Compensation Table for 2012 Fiscal Year shows total compensation of $355,645.
2014-03-25	J. Ward McConnell, Jr., Chairman of the Board, Director. Mr. McConnell has been a private investor for more than ten years. Mr. McConnell was a director of the Company from 1996 to 2001 and returned in and has served since February 2002. Our Vice Chairman and director, Marc H. McConnell, is the son of Mr. McConnell. Mr. McConnell has been the Chairman of the Board since 2002 and currently resides in Fort Myers, Florida. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell is uniquely qualified to serve as a director due to his extensive experience in the farm equipment manufacturing industry throughout his career. The Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer of $255,000 for fiscal year 2013. Our Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer of $255,000 for fiscal year 2013. For fiscal year 2013, the Chairman of the Board received incentive compensation of $53,511. The Board continued this compensation pool and the incentive compensation plans for fiscal year 2014. On January 31, 2014 the Board determined that our Chairman of the Board, J. Ward McConnell, Jr., will receive $267,750 for fiscal year 2014 and will continue to be eligible to receive incentive compensation.
2015-03-25	J. Ward McConnell, Jr., Chairman of the Board, Director. Mr. McConnell has been a private investor for more than ten years. Mr. McConnell was a director of the Company from 1996 to 2001 and returned and has served since February 2002. Our Vice Chairman and director, Marc H. McConnell, is the son of Mr. McConnell. Mr. McConnell has been the Chairman of the Board since 2002 and currently resides in Fort Myers, Florida. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell is uniquely qualified to serve as a director due to his extensive experience in the farm equipment manufacturing industry throughout his career. Director Compensation Table for 2014 Fiscal Year: J. Ward McConnell, Jr. Fees Earned or Paid in Cash ($): 267,750, Option Awards ($): 2,366, Total Compensation ($): 269,866.
2016-03-28	Mr. McConnell served as the Chairman of the Board from 2002-April 2015, at which time he became our Vice Chairman.
2017-03-28	Mr. McConnell was a director of the Company from 1996 to 2001 and returned and has served since February 2002. Mr. McConnell served as the Chairman of the Board from 2002 to April 2015, at which time he became our Vice Chairman. The Chairman and Vice Chairman of the Board received cash retainers and were eligible for incentive compensation for the Company’s fiscal 2016 performance, as discussed above under “Executive Compensation,” and the Chairman received an equity award. J. Ward McConnell, Jr. received a cash retainer of $89,250 for fiscal year 2016 and was eligible to receive maximum incentive compensation of $58,012, which represented 65% of his cash retainer. The Chairman and Vice Chairman of the Board did not receive a payout of incentive compensation based on the Company’s fiscal 2016 performance.
2018-03-26	J. Ward McConnell, Jr., Vice Chairman of the Board, Director. Mr. McConnell has been a private investor for more than twelve years. Mr. McConnell was a director of the Company from 1996 to 2001 and returned and has served since February 2002. Our Chairman, Marc McConnell, is the son of Mr. McConnell. Mr. McConnell served as the Chairman of the Board from 2002 to April 2015, at which time he became our Vice Chairman. Mr. McConnell currently resides in Fort Myers, Florida. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell is uniquely qualified to serve as a director due to his extensive experience in the farm equipment manufacturing industry throughout his career. Director Compensation Table for Fiscal Year 2017: J. Ward McConnell, Jr. received a cash retainer of $89,250 for fiscal year 2017 and was eligible to receive maximum incentive compensation of $58,012, which represented 65% of his cash retainer. Total compensation for fiscal year 2017 was $92,550.
2019-03-15	J. Ward McConnell, Jr., Vice Chairman of the Board, Director. Mr. McConnell has been a private investor for more than twelve years. Mr. McConnell was a director of the Company from 1996 to 2001 and returned and has served as a director since February 2002. Our Chairman, Marc McConnell, is the son of Mr. McConnell. Mr. McConnell served as the Chairman of the Board from 2002 to April 2015, at which time he became our Vice Chairman. Mr. McConnell currently resides in Fort Myers, Florida. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell is uniquely qualified to serve as a director due to his extensive experience in the farm equipment manufacturing industry throughout his career. Director Compensation Table for Fiscal Year 2018: J. Ward McConnell, Jr. received a cash retainer of $89,250 and stock awards of $13,240, totaling $102,490.
2020-03-17	Mr. McConnell has been a private investor for more than twelve years. Mr. McConnell was a director of the Company from 1996 to 2001 and returned and has served as a director since February 2002. Our Chairman, Marc McConnell, is the son of Mr. McConnell. Mr. McConnell served as the Chairman of the Board from 2002 to April 2015, at which time he became our Vice Chairman. Mr. McConnell currently resides in Fort Myers, Florida. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell is uniquely qualified to serve as a director due to his extensive experience in the farm equipment manufacturing industry throughout his career. ... Director Compensation Table for Fiscal Year 2019: J. Ward McConnell, Jr. Fees Earned or Paid in Cash ($): 89,250 Stock Awards ($): 10,190 Total ($): 99,440.