JAN K. SMEETS - Corporate Board Profile

PRIMEENERGY RESOURCES CORP

Filing Date	Source Excerpt
2001-04-26	Jan K. Smeets 53 Private Investor, Director February 1988 The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met three times in 2000. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met once in 2000. SUMMARY COMPENSATION TABLE Includes $1,500 paid to each of Mr. Drimal and Ms. Cummings as Director's fees in 1998, 1999 and 2000.
2002-04-22	Jan K. Smeets 54 Private Investor, Director February 1988
2003-04-29	Jan K. Smeets 55 Private Investor, Director February 1988
2004-04-27	Mr. Smeets, a citizen of the Netherlands and a resident of the United States, is a private investor in Larchmont, New York. He was elected as a Director of the Company in February, 1988. He is a graduate of M.I.T. and holds a Master of Business Administration from Stanford Business School. He was elected a Director of the Company in February, 1988. He is a nominee for election as a Director.
2005-04-25	Mr. Smeets, a citizen of the Netherlands and a resident of the United States, is a private investor in Larchmont, New York. He was elected as a Director of the Company in February, 1988. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met three times during 2004, and informally, by telephone or office conference on a regular basis, usually weekly, during the year. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met twice in 2004. The Board of Directors believes that the Audit Committee members satisfy applicable requirements for independence, financial literacy and expertise. The Committee selects and engages independent auditors to audit the books, records and accounts of the Company, determines the scope of such audits, and reviews the financial policies and control procedures of the Company. The report of the Audit Committee is included in this Proxy Statement on page 11. During the fiscal year ended December 31, 2004, Messrs. Clint Hurt, Thomas S.T. Gimbel and Jan K. Smeets served as members of the Compensation Committee. Includes $1,500 paid to each of Mr. Drimal and Ms. Cummings as Directors fees in 2002, 2003 and 2004.
2006-04-19	Mr. Smeets, a citizen of the Netherlands and a resident of the United States, is a private investor in Larchmont, New York. He was elected as a Director of the Company in February, 1988. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met twice in 2005. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met once in 2005. The Board of Directors does not have a standing nominating committee. The Board of Directors acts as the nominating committee, with Mr. Drimal and Ms. Cummings abstaining. The remaining Directors, Messrs. Eckenstein, Fong, Gimbel, Hurt, Smeets and Wehrle, function as a nominating committee. Mr. Smeets received $1,500 director fees in 2005.
2007-04-27	Jan K. Smeets 59 Private Investor, Larchmont, New York Director February 1988 The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met once in 2006. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met once in 2006. Director Compensation The following table discloses compensation to the Companys Directors for the fiscal year ended December 31, 2006. All Directors as a group of eight in 2006 Paid in Cash ($): 1,000 Total ($): 8,000
2008-04-25	Mr. Smeets, a citizen of the Netherlands and a resident of the United States, is a private investor in Larchmont, New York. He was elected as a Director of the Company in February, 1988. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met once in 2007. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met once in 2007.
2009-04-29	Jan K. Smeets Age 61 Private Investor, Larchmont, New York Director Director since February 1988 The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met once in 2008. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met once in 2008.
2010-04-20	Mr. Smeets, a citizen of the Netherlands and a resident of the United States, is a private investor in Larchmont, New York. He was elected as a Director of the Company in February, 1988. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met once in 2009. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met once in 2009. The Board of Directors acts as the nominating committee, Mr. Drimal and Ms. Cummings abstaining, in the review and selection of Directors for election at the annual meeting of the Companys stockholders. The Companys Directors each receive $500 for each Board of Directors meeting attended. No specific director fees mentioned for Mr. Smeets.
2011-04-20	Mr. Smeets, a citizen of the Netherlands and a resident of the United States, is a private investor in Larchmont, New York. He was elected as a Director of the Company in February, 1988. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met once in 2010. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met once in 2010.
2012-04-19	Jan K. Smeets, age 64, is a citizen of the Netherlands... Mr. Smeets is the Chief Executive Officer and Chairman of the Board of Directors of Smeets Management, Inc... The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets... The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets... The Board of Directors acts as the nominating committee, with Mr. Drimal and Ms. Cummings abstaining. The remaining Directors of the Company, Messrs. Eckenstein, Fong, Gimbel, Hurt and Smeets, who function as a nominating committee... The Companys Directors each receive $500 for each Board of Directors meeting... All Directors as a group of seven received an aggregate of $14,000 as cash Directors fees for the fiscal year ended December 31, 2011.
2013-04-05	Jan K. Smeets, age 65, is a citizen of the Netherlands and a resident of the United States. Mr. Smeets is a graduate of M.I.T. and holds a Master of Business Administration from Stanford Business School. Mr. Smeets is the President of Smeets Management, Inc., a privately held company in Larchmont, New York that provides administrative and management consulting services. Prior to that Mr. Smeets was a process engineer at Lago Oil & Transport Company (ESSO) in Aruba, a management consultant with McKinsey & Company in New York and a director of Citco Group, Ltd. His background in assessing and analyzing financial statements and related reports qualify him as an audit committee financial expert within the meaning of the rules of the Securities and Exchange Commission and NASDAQ listing standards and enable him to fulfill his role as Chairman of the Audit Committee. Mr. Smeets 27 experience in advising businesses on the development of operational budgets, capital plans, and strategic goals have also resulted in his effectively serving the Board as a director. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Hurt and Smeets, met once in 2012. All members of the Audit Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met twice in 2012. All members of the Compensation Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards. The Board of Directors has determined that Mr. Hurt no longer meets the criteria for director independence under NASDAQ listing standards. The Board will select another member of the Committee during 2013.
2014-04-24	Jan K. Smeets, age 66, is the President of Smeets Management, Inc., a privately held consulting firm in Larchmont, New York. Mr. Smeets holds a Bachelor of Science and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from Stamford Graduate School of Business. In the course of his career, Mr. Smeets worked as a process engineer for Exxon in Aruba and as a management consultant with McKinsey and Company serving clients in the communications, chemicals and oil industries. He also served on the board of the Citco Group, an international financial services provider. His background in assessing and analyzing financial statements and related reporting qualify him as an audit committee financial expert within the meaning of the rules of the Securities and Exchange Commission and enable him to fulfill his role as Chairman of the Audit Committee. Mr. Smeets experience in advising businesses on the development of operational budgets, capital plans, and strategic goals have also resulted in his effectively serving the Board as a director. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Eckenstein, Gimbel and Smeets, met once in 2013. All members of the Audit Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards. The Board of Directors has determined that Mr. Smeets meets the qualifications of an audit committee financial expert within the meaning of the regulations of the Securities and Exchange Commission and NASDAQ listing standards. The Compensation Committee, composed of Messrs. Gimbel and Smeets, met once in 2013. All members of the Compensation Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards. The Companys Directors each receive $1,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. All Directors as a group of seven received an aggregate of $21,000 as cash Directors fees for the fiscal year ended December 31, 2013. No reference is made for Stock Awards, Option Awards, Non-Equity Incentive Plan Compensation or Non-Qualified Deferred Compensation Earnings as the Company has no such Director awards or compensation. Mr. Smeets received $1,000 Directors fees in 2013.
2015-04-22	Jan K. Smeets, age 67, is the President of Smeets Management, Inc., a privately held consulting firm in Larchmont, New York. Mr. Smeets holds a Bachelor of Science and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from Stamford Graduate School of Business. In the course of his career, Mr. Smeets worked as a process engineer for Exxon in Aruba and as a management consultant with McKinsey and Company serving clients in the communications, chemicals and oil industries. He also served on the board of the Citco Group, an international financial services provider. His background in assessing and analyzing financial statements and related reporting qualify him as an audit committee financial expert within the meaning of the rules of the Securities and Exchange Commission and NASDAQ listing standards and enable him to fulfill his role as Chairman of the Audit Committee. Mr. Smeets 27 experience in advising businesses on the development of operational budgets, capital plans, and strategic goals have also resulted in his effectively serving the Board as a director. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Audit Committee, composed of Messrs. Wehrle, Gimbel and Smeets, met once in 2014. All members of the Audit Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards. The Compensation Committee, composed of Messrs. Gimbel and Smeets, met once in 2014. All members of the Compensation Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards.
2016-04-22	Jan K. Smeets, age 68, is the President of Smeets Management, Inc., a privately held consulting firm in Larchmont, New York. Mr. Smeets holds a Bachelor of Science and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from Stamford Graduate School of Business. His background in assessing and analyzing financial statements and related reporting qualify him as an audit committee financial expert within the meaning of the rules of the Securities and Exchange Commission and NASDAQ listing standards and enable him to fulfill his role as Chairman of the Audit Committee. The Audit Committee, composed of Messrs. Wehrle, Gimbel and Smeets, met once in 2015. The Compensation Committee, composed of Messrs. Gimbel and Smeets, met once in 2015. The Company 27s Directors each receive $2,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings.
2017-04-28	Jan K. Smeets, age 69, is the President of Smeets Management, Inc., a privately held consulting firm in Larchmont, New York. Mr. Smeets holds a Bachelor of Science and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from Stamford Graduate School of Business. In the course of his career, Mr. Smeets worked as a process engineer for Exxon in Aruba and as a management consultant with McKinsey and Company serving clients in the communications, chemicals and oil industries. He also served on the board of the Citco Group, an international financial services provider. His background in assessing and analyzing financial statements and related reporting qualify him as an audit committee financial expert within the meaning of the rules of the Securities and Exchange Commission and enable him to fulfill his role as Chairman of the Audit Committee. Mr. Smeets 27 experience in advising businesses on the development of operational budgets, capital plans, and strategic goals have also resulted in his effectively serving the Board as a director. The Audit Committee, composed of Messrs. Wehrle, Gimbel and Smeets, met once in 2016. All members of the Audit Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards. Mr. Wehrle, as the beneficial owner of more than 10% of the outstanding stock of the Company, falls outside of the safe harbor provisions of SEC Rule 10A-3(e)(1)(ii). The Board of Directors has determined that Mr. Smeets meets the qualifications of an 3udit committee financial expert 4 within the meaning of the regulations of the Securities and Exchange Commission and NASDAQ listing standards. The Committee selects the independent auditors to audit the financial statements of the Company and approves the scope of the services to be provided by the auditors for the upcoming year. The Committee is also responsible for reviewing reports of the Company 27s results, audits, financial policies and internal control procedures. The report of the Audit Committee is included in this proxy statement on page 13. The Compensation Committee, composed of Messrs. Gimbel and Smeets, met once in 2016. All members of the Compensation Committee were independent under NASDAQ listing standards and other pertinent legal and regulatory standards. The Board of Directors and the Compensation Committee have adopted a written charter for the Compensation Committee. The Compensation Committee is appointed by the Board of Directors to discharge the Board 27s responsibilities relating to compensation of the Company 27s directors and officers. The Committee has overall responsibility for approving and evaluating the director and officer compensation plans, policies and programs of the Company The Compensation Committee is also responsible for producing an annual report on executive compensation for inclusion in the Company 27s proxy statement. The Compensation Committee shall consist of no fewer than two members. The members of the Compensation Committee will meet the requirements that he/she is a 3non-employee director 4 for purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as amended; will satisfy the requirements of and 3outside director 4 for purposes of Section 162(m) of the Internal Revenue Code; will meet the independence requirements of the applicable regulatory standards; will be appointed by the Board; and may be replaced by the Board. The Compensation Committee shall have the sole authority to retain, at the Company 27s expense, and terminate any compensation consultant to be used to assist in the evaluation of director, CEO or senior executive compensation and shall have sole authority to approve the consultant 27s fees and other retention terms. The Compensation Committee shall also have authority to obtain advice and assistance from internal or external legal, accounting or other advisors. The Compensation Committee shall annually review and make recommendations to the Board with respect to the compensation of all directors, officers and other key executives, including incentive-compensation plans and equity-based plans. The Compensation Committee shall annually review and approve, for the CEO and the senior executives of the Company, (a) the annual base salary level, (b) the annual incentive opportunity level, (c) the long-term incentive opportunity level, (d) employment agreements, severance arrangements, and change in control agreements/provisions, in each case as, when and if appropriate, and (e) any special or supplemental benefits. The CEO and senior executives of the Company shall not be present during voting or deliberations on his or her compensation. The Compensation Committee may form and delegate authority to subcommittees when appropriate. The Compensation Committee shall make regular reports to the Board, review and reassess the adequacy of this Charter annually and recommend any proposed changes to the Board for approval and annually reviews of its own performance.
2018-04-27	Jan K. Smeets, age 70, is the President of Smeets Management, Inc., a privately held consulting firm in Larchmont, New York. Mr. Smeets holds a Bachelor of Science and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from Stamford Graduate School of Business. In the course of his career, Mr. Smeets worked as a process engineer for Exxon in Aruba and as a management consultant with McKinsey and Company serving clients in the communications, chemicals and oil industries. He also served on the board of the Citco Group, an international financial services provider. His background in assessing and analyzing financial statements and related reporting qualify him as an audit committee financial expert within the meaning of the rules of the Securities and Exchange Commission and enable him to fulfill his role as Chairman of the Audit Committee. Mr. Smeets’ experience in advising businesses on the development of operational budgets, capital plans, and strategic goals have also resulted in his effectively serving the Board as a director.
2019-04-23	Jan K. Smeets, age 71, is the President of Smeets Management, Inc., a privately held consulting firm in Larchmont, New York. Mr. Smeets holds a Bachelor of Science and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from Stamford Graduate School of Business. In the course of his career, Mr. Smeets worked as a process engineer for Exxon in Aruba and as a management consultant with McKinsey and Company serving clients in the communications, chemicals and oil industries. He also served on the board of the Citco Group, an international financial services provider. His background in assessing and analyzing financial statements and related reporting qualify him as an audit committee financial expert within the meaning of the rules of the Securities and Exchange Commission and enable him to fulfill his role as Chairman of the Audit Committee. Mr. Smeets 27 experience in advising businesses on the development of operational budgets, capital plans, and strategic goals have also resulted in his effectively serving the Board as a director.