JEFFREY A. CARUS - Corporate Board Profile

UMH PROPERTIES, INC.

Filing Date	Source Excerpt
2019-04-22	Jeffrey A. Carus, 56, Independent Director. Founder and Managing Partner of JAC Partners, LLC (2009 to present); Founder and Managing Member of JAC Management, LLC (1998 to present); Principal of Advalurem Group (2012-2014); Prior affiliations with CW Capital and Credit Suisse. Mr. Carus’ extensive experience in real estate finance and investment is the primary reason, among others, why Mr. Carus serves on our Board.
2020-04-17	Jeffrey A. Carus (Chairman of the Compensation Committee), Mr. Hirsch, Mr. W. Mitchell and Mr. Wolgin are the current members of the Compensation Committee. Mr. Carus, Mr. Hirsch (Chairman of the Nominating and Corporate Governance Committee), Mr. Levy and Mr. Quigley, Jr. are the current members of the Nominating and Corporate Governance Committee. Mr. Carus, Mr. Hirsch, Mr. Mitchell, and Mr. Wolgin are members of the Compensation Committee. Director compensation table shows Jeffrey A. Carus received $45,000 annual board cash retainer, $18,000 meeting fees, $8,400 committee fees, and $5,409 stock awards totaling $76,809.
2021-04-16	Jeffrey A. Carus Age 58 Independent Director. Director Compensation Table shows total fees $84,230 for 2020.
2022-04-01	Jeffrey A. Carus Age 59 Independent Director. Founder and Managing Partner of JAC Partners, LLC (2009 to present); Founder and Managing Member of JAC Management, LLC (1998 to present); Principal of Advalurem Group (2012-2014); Prior affiliations with CW Capital and Credit Suisse. Mr. Carus’ extensive experience in real estate finance and investment is the primary reason, among others, why Mr. Carus serves on our Board. Director Since 2011 Director Compensation: Jeffrey A. Carus $94,170 in 2021. Committees: Audit Committee, Compensation Committee.
2023-03-31	The current members of the Company’s Audit Committee are Jeffrey A. Carus, Kiernan Conway, Stuart D. Levy, and Kenneth K. Quigley, Jr. (who serves as the Chairman of the Audit Committee). The Board has determined that each member of the Audit Committee is “independent” as defined by the rules of the SEC and the listing standards of the NYSE, is able to read and understand fundamental financial statements, is “financially literate” within the meaning of the rules of the NYSE and is an “audit committee financial expert” within the meaning of the rules of the SEC. The Audit Committee had five meetings during the year ended December 31, 2022, including an executive session with the independent registered public accounting firm, which management did not attend. The Audit Committee operates under the Audit Committee Charter which can be found under the “Governance” tab of the Company’s investor website: www.umh.reit. The current members of the Compensation Committee are Jeffrey A. Carus, William E. Mitchell (who serves as Chairman of the Compensation Committee), Angela D. Pruitt-Marriott and Kenneth K. Quigley, Jr. The Board has determined that each member of the Compensation Committee is independent as defined by the rules of the SEC and the listing standards of the NYSE. The Compensation Committee operates under the Compensation Committee Charter which can be found under the “Governance” tab of the Company’s investor website: www.umh.reit. During 2022, non-employee directors received a fixed annual cash retainer of $50,000, an annual equity retainer to a fixed dollar amount of $50,000 and the Presiding Director was awarded an annual cash retainer of $10,000. Directors who also served as Named Executive Officers for UMH were no longer entitled to any compensation for serving on the board. All meeting fees were eliminated and replaced with the following: Audit committee chairperson: $20,000 Compensation committee chairperson: $15,000 Nominating and corporate governance committee chairperson: $10,000 Cybersecurity subcommittee chairperson: $5,000 Committee member retainer: $5,000 in lieu of meeting fees Subcommittee member retainer: $2,500 in lieu of meeting fees. The table below sets forth a summary of compensation received by the Company’s non-employee directors for the year ended December 31, 2022: Jeffrey A. Carus 50,000 10,000 49,998 109,998
2024-04-05	Jeffrey A. Carus, 61, Independent Director. Founder and Managing Partner of JAC Partners, LLC (2009 to present).
2025-04-04	Jeffrey A. Carus, 62, Independent Director. Founder and Managing Partner of JAC Partners, LLC, a real estate investment firm (2009 to present); Founder and Managing Member of JAC Management, LLC (1998 to present). Mr. Carus’ extensive experience in real estate finance and investment is the primary reason, among others, why Mr. Carus serves on our Board. He serves on the Audit Committee, Compensation Committee and Retirement Plan Committee. Total compensation for 2024 was $164,204.