JOHN B. COSTELLO - Corporate Board Profile

AmBase Corp

Filing Date	Source Excerpt
2002-03-28	John B. Costello, 64. Mr. Costello spent twenty-five years in the transportation industry in which he founded and operated companies which were purchased by Ryder Systems, Inc. ("Ryder"). He served three years as President of United States Packing and Shipping Company, a subsidiary of Ryder. He has been a private investor since 1989. Mr. Costello was elected a director of the Company in August 1993. ... The Accounting and Audit Committee currently consists of Robert E. Long, Chairman, John B. Costello and Michael L. Quinn. Messrs. Long, Costello and Quinn are independent directors of the Company. ... The Personnel Committee currently consists of Mr. Costello, Chairman, Messrs. Long and Quinn. Messrs. Costello, Long and Quinn are independent directors of the Company. ... The annual fee to be paid to all directors who are not employees of or consultants to the Company is $7,500. The annual fees are payable in December, provided that a director who is not an employee of or consultant to the Company attends at least 75% of all meetings during the calendar year. Mr. Costello, Mr. Long and Mr. Quinn each received $7,500 for their services on the Board during 2001.
2003-03-27	John B. Costello, 65. Mr. Costello spent twenty-five years in the transportation industry in which he founded and operated companies which were purchased by Ryder Systems, Inc. ("Ryder"). He served three years as President of United States Packing and Shipping Company, a subsidiary of Ryder. He has been a private investor since 1989. Mr. Costello was elected a director of the Company in August 1993. His term will expire in 2005. The Accounting and Audit Committee currently consists of Robert E. Long, Chairman, John B. Costello and Michael L. Quinn. The Personnel Committee currently consists of Mr. Costello, Chairman, and Messrs. Long and Quinn. Mr. Costello received $7,500 for his services on the Board during 2002.
2004-03-29	John B. Costello, 66. Mr. Costello spent twenty-five years in the transportation industry... Mr. Costello was elected a director of the Company in August 1993. The Accounting and Audit Committee currently consists of Robert E. Long, Chairman, John B. Costello and Michael L. Quinn. The Personnel Committee currently consists of Mr. Costello, Chairman, and Messrs. Long and Quinn. The annual fee to be paid to all directors who are not employees of or consultants to the Company is $7,500. Mr. Costello received $7,500 for their services on the Board during 2003. In addition as Chairman of the Personnel Committee Mr. Costello received an additional $1,000 of fees.
2005-04-01	John B. Costello, 67. Mr. Costello was elected a director of the Company in August 1993. Mr. Costello spent twenty-five years in the transportation industry in which he founded and operated companies which were purchased by Ryder Systems, Inc. ("Ryder"). He served three years as President of United States Packing and Shipping Company, a subsidiary of Ryder. He has been a private investor since 1989. If elected his term will expire in 2008. The Board of Directors currently has (i) an Accounting and Audit Committee and (ii) a Personnel Committee. The Accounting and Audit Committee currently consists of Robert E. Long, Chairman, John B. Costello and Michael L. Quinn. Messrs. Long, Costello and Quinn are independent directors of the Company under the applicable rules of the NASD. The Personnel Committee currently consists of Mr. Costello, Chairman, and Messrs. Long and Quinn. Messrs. Costello, Long and Quinn are independent directors of the Company under the applicable rules of the NASD. The annual fee to be paid to all directors who are not employees of or consultants to the Company is $7,500. The annual fees are payable in December, provided that a director who is not an employee of or consultant to the Company attends at least 75% of all meetings during the calendar year. Mr. Costello, Mr. Long and Mr. Quinn each received $7,500 for their services on the Board during 2004. In addition as Chairman of the Audit Committee, Mr. Long received an additional $2,000 of fees, and as Chairman of the Personnel Committee, Mr. Costello received an additional $1,000 of fees.