JOHN L. GOOLSBY - Corporate Board Profile

TEJON RANCH CO

Filing Date	Source Excerpt
2012-03-29	John L. Goolsby is a member of the Executive Committee, Audit Committee, Compensation Committee, and Real Estate Committee. In 2011, he received $45,000 in stock awards as director compensation.
2013-03-28	Mr. Goolsby served as President and Chief Executive Officer of Howard Hughes Corporation from 1988 until his retirement in 1998. ... Mr. Goolsby currently serves as a director of Thomas Properties Group Inc. ... Mr. Goolsby is the Chairman of the Real Estate Committee. ... In 2012, non-employee directors received an annual retainer of $45,000 payable in common stock in arrears, quarterly, based on the closing price of the Company's common shares at each quarter end. ... Mr. Goolsby received $62,482 in stock awards in 2012.
2014-03-28	Mr. Goolsby served as President and Chief Executive Officer of Howard Hughes Corporation from 1988 until his retirement in 1998. ... The current members of the standing committees are set forth below: John L. Goolsby Audit Committee, Compensation Committee, Real Estate Committee (Chair).
2015-03-30	Mr. Goolsby served as President and Chief Executive Officer of the Howard Hughes Corporation from 1988 until his retirement in 1998. Mr. Goolsby received a B.B.A. from the University of Texas at Arlington and is a certified public accountant. Our Board believes Mr. Goolsby’s extensive real estate experience and his experience as a chief executive officer of a major real estate land and development company make him well qualified to serve as director. Directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock in arrears, based on the closing price of the Company’s common shares at each quarter end. The Chairman of each of the Audit, Compensation, and Real Estate Committees received an annual retainer of $15,000 payable in common stock. Mr. Goolsby’s total compensation was $105,880.
2016-03-31	John L. Goolsby Mr. Goolsby was employed by the Howard Hughes Corporation from 1980 until his retirement in 1998, serving as President and Chief Executive Officer from 1988 until 1998. Howard Hughes Corporation was a real estate investment and development company that developed numerous large scale real estate projects in Nevada and California, the largest being the Summerlin community in Las Vegas, Nevada. Mr. Goolsby served as a director of Thomas Properties Group Inc. from 2006 until 2013. Mr. Goolsby also formerly served as a director of America West Airlines, Sierra Pacific Corporation and its predecessor, Nevada Power Company, First Interstate Bank of Nevada, Bank of America-Nevada, and as a Trustee of The Donald W. Reynolds Foundation. In 2005, he established the Goolsby Leadership Academy in the College of Business at The University of Texas at Arlington. Mr. Goolsby received a B.B.A. from The University of Texas at Arlington and is a certified public accountant. Our Board believes Mr. Goolsby’s extensive real estate experience and his experience as a chief executive officer of a major real estate land and development company make him well qualified to serve as director. Director Compensation in Fiscal Year 2015 In 2015, non-employee directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock in arrears, based on the closing price of the Company's common shares at each quarter end. In addition, the Chairman of the Board received an annual retainer of $25,000 payable in common stock, and the Chairman of each of the Audit, Compensation, Real Estate Committees, and Nominating and Corporate Governance Committee received an annual retainer of $15,000 payable in common stock. Directors affiliated with a person or entity owning 10% or more of the Company's total shares outstanding could elect to receive their entire annual retainer in cash. Directors are not paid any fees for board or committee meeting attendance. During 2012, the Compensation Committee approved stock retention guidelines for non-employee directors; the target retention value is five times the value of the annual director retainer. John L. Goolsby Fees Earned or Paid in Cash ($) — Stock Awards ($) 98,280 Total ($) 98,280