JOHN V. WINFIELD

Corporate Board Profile

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INTERGROUP CORP

Filing Date Source Excerpt
2002-01-03 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") and Chairman of the Board of Healthy Planet Products, Inc. ("Healthy Planet"), and Etz Lavud, Ltd., all public companies. Executive Officers Compensation John V. Winfield Chairman; President and Chief Executive Officer 2001 $522,000(1) - $69,322(2) - (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received salary and directors fees of $252,000, $252,000 and $200,282 from those entities during fiscal years 2001, 2000 and 1999, respectively, which amounts are included in this item. (2) Amounts include an auto allowance and compensation for a portion of the salary of an assistant. The auto allowance was $34,322, $29,700 and $29,193 during fiscal years 2001, 2000 and 1999, respectively. The amount of compensation related to the assistant was approximately $35,000, $32,000 and $26,500 during fiscal years 2001, 2000 and 1999, respectively.
2003-02-03 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") and a Director of Healthy Planet Products, Inc. ("Healthy Planet") and Etz Lavud, Ltd., all public companies. Executive Officers Compensation John V. Winfield Chairman; President 2002 $500,000(1) - $80,359(2) - and Chief Executive 2001 $522,000(1) - $69,322(2) - Officer 2000 $522,000(1) - $61,700(2) - (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received salary and directors fees of $242,000, $252,000 and $252,000 from those entities during fiscal years 2002, 2001 and 2000, respectively, which amounts are included in this item. (2) Amounts include an auto allowance and compensation for a portion of the salary of an assistant. The auto allowance was $33,607, $34,322, $29,700 during fiscal years 2002, 2001 and 2000, respectively. The amount of compensation related to the assistant was approximately $46,752, $35,000 and $32,000 during fiscal years 2002, 2001 and 2000 respectively. During fiscal 2002, 2001 and 2000, the Company also paid annual premiums in the amount of $42,577 for a split dollar whole life insurance policy owned by, and the beneficiary of which is, a trust for the benefit of Mr. Winfield's family. The Company has a secured right to receive, from any proceeds of the policy, reimbursement of all premiums paid prior to any payment to the beneficiary. During the fiscal years 2002, 2001 and 2000, Santa Fe and Portsmouth also paid annual premiums on split dollar policies in the total amount of $42,500. As Chairman of the Securities Investment Committee, the Company's President and Chief Executive officer, John V. Winfield, oversees the investment activity of the Company in public and private markets pursuant to authority granted by the Board of Directors. Mr. Winfield also serves as Chief Executive Officer and Chairman of Santa Fe and Portsmouth and oversees the investment activity of those companies. The Company has an Executive Committee that meets in lieu of the Board upon the request of the Chairman of the Committee. Mr. Winfield is Chairman of the Executive Committee. The Company's Securities Investment Committee oversees and establishes certain investment procedures and reports to the Board of Directors. The Committee's Chairman is Mr. Winfield. The Company's Special Strategic Options Committee is chaired by Mr. Winfield. This committee held no formal meetings during the 2002 Fiscal Year, but its members consult with each other frequently on an informal basis. The Special Strategic Options Committee reviews and considers the Company's strategic options and provides guidance to accomplish its goals considering both current and prospective investment opportunities. The Company is a Small Business Filer under SEC rules. The Company's Audit Committee is comprised of Messrs. Nance (Chairperson) and Love, each of who meet the independence requirements of the Securities and Exchange Commission and the National Association of Securities Dealers' ("NASD") Manual as modified or supplemented from time to time. Each of these directors also meets the financial management expertise test as defined by the Securities and Exchange Commission. The primary function of the Audit Committee is to assist the Board of Directors in fulfilling its responsibility of overseeing management's conduct of the financial reporting process, the annual independent audit of the Company's financial statements, reviewing the financial reports provided by the Company to any governmental body or the public; the Company's system of internal controls regarding finance, accounting, legal compliance and ethics that management and the Board have established; and the Company's auditing, accounting and financial processes generally. The Audit Committee held five meetings during the 2002 Fiscal Year. On June 8, 2000, the Company's Board of Directors adopted a written charter for the Audit Committee, which was amended in January 2003. A copy of that written charter, as amended, is attached as Appendix A to this proxy statement. Compensation of Directors Each director is paid a fee of $1,500 per quarter for a total annual compensation of $6,000. The Chairman of the Board of Directors is eligible to receive $9,000 per annum. Directors also are eligible to receive $500 for each committee meeting attended and $600 for each committee meeting chaired. Members of the Audit Committee receive a fee of $500 per quarter. Directors who are also Executive Officers do not receive any fee for attending Board or Committee meetings. As an Executive Officer, the Company's Chairman has also elected to forego his annual board fee.
2004-01-29 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") both public companies. Executive Officers Compensation John V. Winfield Chairman; President 2003 $437,000(1) 653,533(2) $80,359(3) - and Chief Executive 2002 $500,750(1) - $69,322(3) - Officer 2001 $522,000(1) - $61,700(3) - (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received salary and directors fees of $211,750, $242,000 and $252,000 from those entities during fiscal years 2003, 2002 and 2001, respectively, which amounts are included in this item. (2) This amount reflects a performance bonus, paid by the Company's subsidiary Santa Fe and Santa Fe's subsidiary, Portsmouth, based on the results of Mr. Winfield's management of the securities portfolios of those companies for the fiscal year ended June 30, 2003. Of the total amount of the bonus, $242,178 was paid by Santa Fe and $411,355 was paid by Portsmouth. (3) For fiscal year 2003 this amount includes $722,683 in forgiveness of debt on one half of the principal balance and accrued interest on a promissory note due the Company. Amounts also include an auto allowance and compensation for a portion of the salary of an assistant. The auto allowance was $33,607, $33,607 and $34,322 during fiscal years 2003, 2002 and 2001, respectively. The amount of compensation related to the assistant was approximately $30,000, $46,752 and $35,000 during fiscal years 2003, 2002 and 2001 respectively. During fiscal 2003, 2002 and 2001, the Company also paid annual premiums in the amount of $42,500 for a split dollar whole life insurance policy owned by, and the beneficiary of which is, a trust for the benefit of Mr. Winfield's family. The Company has a secured right to receive, from any proceeds of the policy, reimbursement of all premiums paid prior to any payment to the beneficiary. During fiscal years 2003, 2002 and 2001 Santa Fe and Portsmouth also paid annual premiums on split dollar policies in the total amount of $42,500. Each director is paid a fee of $1,500 per quarter for a total annual compensation of $6,000. The Chairman of the Board of Directors is eligible to receive $9,000 per annum. Directors also are eligible to receive $500 for each committee meeting attended and $600 for each committee meeting chaired. Members of the Audit Committee receive a fee of $500 per quarter. Directors who are also Executive Officers do not receive any fee for attending Board or Committee meetings. As an Executive Officer, the Company's Chairman has also elected to forego his annual board fee.
2005-01-31 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") both public companies. Executive Officers Compensation John V. Winfield Chairman; President 2004 $522,000(1) $2,077,000(2) $ 52,426(3) - (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received salary and directors fees of $251,000, $211,750 and $242,000 from those entities during fiscal years 2004, 2003 and 2002, respectively, which amounts are included in this item. (2) These amounts reflect performance bonuses, paid by the Company and its subsidiary Santa Fe and Santa Fe's subsidiary, Portsmouth, based on the results of Mr. Winfield's management of the securities portfolios of those companies for the fiscal years ended June 30, 2004 and 2003. Of the total amount of the bonus for fiscal 2004, $211,000 was paid by Santa Fe and $407,000 was paid by Portsmouth. (3) For fiscal year 2003 this amount includes $722,683 in forgiveness of debt on one half of the principal balance and accrued interest on a promissory note due the Company. Amounts also include an auto allowance and compensation for a portion of the salary of an assistant. The auto allowance was $14,926, $33,607 and $33,607 during fiscal years 2004, 2003 and 2002, respectively. The amount of compensation related to the assistant was approximately $37,500, $30,000 and $46,752 during fiscal years 2004, 2003 and 2002, respectively. During fiscal 2004, 2003 and 2002, the Company also paid annual premiums in the amount of $42,500 for a split dollar whole life insurance policy owned by, and the beneficiary of which is, a trust for the benefit of Mr. Winfield's family. The Company has a secured right to receive, from any proceeds of the policy, reimbursement of all premiums paid prior to any payment to the beneficiary. During fiscal years 2004, 2003 and 2002 Santa Fe and Portsmouth also paid annual premiums on split dollar policies in the total amount of $42,500. As Chairman of the Securities Investment Committee, the Company's President and Chief Executive officer, John V. Winfield, oversees the investment activity of the Company in public and private markets pursuant to authority granted by the Board of Directors. The Company has a secured right to receive, from any proceeds of the policy, reimbursement of all premiums paid prior to any payments to the beneficiary. The Company, its subsidiary Santa Fe and Santa Fe's subsidiary, Portsmouth, have established performance based compensation programs for Mr. Winfield's management of the securities portfolios of those companies. For the fiscal years ended June 30, 2004 and 2003, Mr. Winfield received, in the aggregate, performance based compensation in the amounts of $2,077,000 and $653,533, respectively. Of the total amount of the bonus for fiscal 2004, $211,000 was paid by Santa Fe and $407,000 was paid by Portsmouth. For fiscal 2003, $242,178 was paid by Santa Fe and $411,355 was paid by Portsmouth. The performance based compensation was approved by the disinterested members of the respective Boards of Directors of the Company and its subsidiaries.
2006-01-30 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") both public companies. Executive Officers Compensation John V. Winfield Chairman; President 2005 $522,000(1) $ 320,000(2) $ 52,500(3) - (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received salary and directors fees of $328,000, $251,00 and $211,750 from those entities during fiscal years 2005, 2004 and 2003, respectively, which amounts are included in this item. (2) These amounts reflect performance bonuses, paid by the Company and its subsidiary Santa Fe and Santa Fe's subsidiary, Portsmouth, based on the results of Mr. Winfield's management of the securities portfolios of those companies for the fiscal years ended June 30, 2005, 2004 and 2003. Of the total amount of the bonus for fiscal 2005, $57,000 was paid by Santa Fe and $4,000 was paid by Portsmouth. (3) For fiscal year 2003 this amount includes $722,683 in forgiveness of debt on one half of the principal balance and accrued interest on a promissory note due the Company. Amounts also include an auto allowance and compensation for a portion of the salary of an assistant. The auto allowance was $15,001, $14,926 and $33,607 during fiscal years 2005, 2004 and 2003, respectively. The amount of compensation related to the assistant was approximately $37,500, $37,500 and $30,000 during fiscal years 2005, 2004 and 2003, respectively. During fiscal 2005, 2004 and 2003, the Company also paid annual premiums in the amount of $42,500 for a split dollar whole life insurance policy owned by, and the beneficiary of which is, a trust for the benefit of Mr. Winfield's family.
2007-01-26 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") both public companies. Executive Officers Compensation John V. Winfield 2006 Salary $522,000, Other Annual Compensation $67,500, All Other Compensation $85,000 The Company's Chairman has also elected to forego his annual board fee. Committees: Executive Committee (Chairman), Securities Investment Committee (Chairman), Special Strategic Options Committee (Chairman)
2008-01-28 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") both public companies. Executive Officers Compensation The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company's principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company and its subsidiaries for each of the Company's last two competed fiscal years ended June 30, 2007 and June 30, 2006. There are currently no employment contracts with the executive officers and no stock awards, long-term compensation, options or stock appreciation rights were granted to any of the named executive officers during the last two fiscal years. SUMMARY COMPENSATION TABLE Fiscal All Other Name and Principal Position Year Salary Bonus Compensation Total --------------------------- ---- ---------- ---------- ------------ ------------ John V. Winfield 2007 $522,000(1) $ - $150,000(2) $ 672,000 Chairman, President and 2006 $522,000(1) $ - $152,500(2) $ 674,500 Chief Executive Officer (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received a salary from Santa Fe and Portsmouth in the aggregate amount of $255,000 from those entities for each of fiscal years 2007 and 2006, as well as director's fees totaling $12,000 for each year. Those amounts are included in this item. (2) Amounts include an auto allowance and compensation for a portion of the salary of an assistant. The auto allowance was $23,000 and $15,000 during fiscal years 2007 and 2006, respectively. The amount of compensation related to the assistant was approximately $42,000 and $53,000 during fiscal years 2007 and 2006, respectively. During fiscal 2007 and 2006, the Company and its subsidiaries also paid annual premiums in the total amount of $85,000 for split dollar whole life insurance policies owned by, and the beneficiary of which are, a trust for the benefit of Mr. Winfield's family. Of the $85,000 in premiums paid each year, Santa Fe and Portsmouth paid $43,000 of that amount. The Company has a secured right to receive, from any proceeds of the policies, reimbursement of all premiums paid prior to any payment to the beneficiary. Committees: The Company has an Executive Committee that meets in lieu of the Board upon the request of the Chairman of the Committee. Mr. Winfield is Chairman of the Executive Committee. The Company's Securities Investment Committee oversees and establishes certain investment procedures and reports to the Board of Directors. The Committee's Chairman is Mr. Winfield. The Company's Special Strategic Options Committee is chaired by Mr. Winfield.
2009-01-21 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") both public companies. Executive Officers Compensation The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company's principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company and its subsidiaries for each of the Company's last two completed fiscal years ended June 30, 2008 and June 30, 2007. There are currently no employment contracts with the executive officers and no stock awards, long-term compensation, options or stock appreciation rights were granted to any of the named executive officers during the last two fiscal years. John V. Winfield 2008 $522,000(1) $ - $166,000(2) $ 688,000 Chairman, President and 2007 $522,000(1) $ - $150,000(2) $ 672,000 Chief Executive Officer (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received a salary from Santa Fe and Portsmouth in the aggregate amount of $255,000 from those entities for each of fiscal years 2008 and 2007, as well as director's fees totaling $12,000 for each year. Those amounts are included in this item. (2) Amounts include an auto allowance and compensation for a portion of the salary of an assistant. The auto allowance was $29,000 and $23,000 during fiscal years 2008 and 2007, respectively. The amount of compensation related to the assistant was approximately $52,000 and $42,000 during fiscal years 2008 and 2007, respectively. During fiscal 2008 and 2007, the Company and its subsidiaries also paid annual premiums in the total amount of $85,000 for split dollar whole life insurance policies owned by, and the beneficiary of which are, a trust for the benefit of Mr. Winfield's family. Of the $85,000 in premiums paid each year, Santa Fe and Portsmouth paid $43,000 of that amount. The Company has a secured right to receive, from any proceeds of the policies, reimbursement of all premiums paid prior to any payment to the beneficiary. Committees: The Company has an Executive Committee that meets in lieu of the Board upon the request of the Chairman of the Committee. Mr. Winfield is Chairman of the Executive Committee. The Company's Securities Investment Committee oversees and establishes certain investment procedures and reports to the Board of Directors. The Committee's Chairman is Mr. Winfield. The Company's Special Strategic Options Committee is chaired by Mr. Winfield.
2010-01-27 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth") both public companies. The following table sets forth the compensation paid to directors for the fiscal year ended June 30, 2009. John V. Winfield(6) -------------- (6) As Chief Executive Officer, the Company's Chairman, John Winfield, was not paid any board, committee or meetings fees. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company's subsidiaries, which is reported on the Summary Compensation Table. The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company's principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company and its subsidiaries for each of the Company's last two completed fiscal years ended June 30, 2009 and June 30, 2008. John V. Winfield 2009 $522,000(1) $ - $ 0(2) $166,000(3) $ 688,000 Chairman, President and 2008 $522,000(1) $ - $ - $166,000(3) $ 688,000 Chief Executive Officer (1) Mr. Winfield also serves as President and Chairman of the Board of the Company's subsidiary, Santa Fe, and Santa Fe's subsidiary, Portsmouth. Mr. Winfield received a salary from Santa Fe and Portsmouth in the aggregate amount of $255,000 from those entities for each of fiscal years 2009 and 2008, as well as director's fees totaling $12,000 for each year. Those amounts are included in this item.
2011-01-25 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of the Company's subsidiaries, Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth"), both public companies. Mr. Winfield's extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board's conclusion that he should serve as a director of the Company. The Company's Board of Directors has adopted a written charter for the Audit Committee, which is reviewed on an annual basis. The following table sets forth the compensation paid to directors for the fiscal year ended June 30, 2010: John V. Winfield(5) - - - - (5) As Chief Executive Officer, the Company's Chairman, John V. Winfield, was not paid any board, committee or meetings fees. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company's subsidiaries, which is reported on the Summary Compensation Table. Summary Compensation Table shows total compensation of $1,438,973 for fiscal 2010.
2012-01-24 John V. Winfield — Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of the Company’s subsidiaries, Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth"), both public companies. Mr. Winfield also serves as Chairman of the Board of Comstock Mining, Inc. (NYSE AMEX: LODE), a public company in which he was elected a director on June 23, 2011. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. The Company’s Chairman, Mr. Winfield, also serves as our Chief Executive Officer. The Board believes that combining the Chairman and Chief Executive officer roles is the most appropriate structure for the Company at this time. As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee or meetings fees. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries, which is reported on the Summary Compensation Table. The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company and its subsidiaries for each of the Company’s last two completed fiscal years ended June 30, 2011 and June 30, 2010. John V. Winfield 2011 Salary $522,000, Stock Awards $232,500, All Other Compensation $169,000, Total $923,500.
2013-01-22 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of the Company’s subsidiaries, Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth"), both public companies. Mr. Winfield also serves as Chairman of the Board of Comstock Mining, Inc. (NYSE MKT: LODE), a public company in which he was elected a director on June 23, 2011. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. The following table sets forth the compensation paid to directors for the fiscal year ended June 30, 2012: John V. Winfield As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee or meetings fees. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries, which is reported on the Summary Compensation Table. Total compensation $1,580,000.
2014-01-27 John V. Winfield — Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company’s Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of the Company’s subsidiaries, Santa Fe Financial Corporation (“Santa Fe”) and Portsmouth Square, Inc. (“Portsmouth”), both public companies. Mr. Winfield also serves as Chairman of the Board of Comstock Mining, Inc. (NYSE MKT: LODE), a public company in which he was elected a director on June 23, 2011. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company.
2015-01-20 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of the Company’s subsidiaries, Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth"), both public companies. Mr. Winfield also serves as Chairman of the Board of Comstock Mining Inc. (NYSE MKT: LODE), a public company in which he was elected a director on June 23, 2011. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. The following table sets forth the compensation paid to directors for the fiscal year ended June 30, 2014: John V. Winfield: As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee or meetings fees. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries, which is reported on the Summary Compensation Table. Total compensation $2,502,000.
2016-01-15 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. ... Mr. Winfield also serves as President, Chairman and Chief Executive Officer of the Company’s subsidiaries, Santa Fe Financial Corporation and Portsmouth Square, Inc. ... The following table sets forth the compensation paid to directors for the fiscal year ended June 30, 2015: ... John V. Winfield, Chairman, President and Chief Executive Officer, 2015 total compensation $920,000.
2017-01-30 John V. Winfield — Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as President, Chairman and Chief Executive Officer of the Company’s subsidiaries, Santa Fe Financial Corporation ("Santa Fe") and Portsmouth Square, Inc. ("Portsmouth"), both public companies. Mr. Winfield also served as Chairman of the Board of Comstock Mining Inc. (NYSE MKT: LODE) ("Comstock"), a public company, from June 2011 to September 2015. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. Non-employee directors receive an annual cash retainer in the amount of $12,000. With the exception of members of the Audit Committee, non-employee directors do not receive any additional fees for attending Board or Committee meetings, but are entitled to reimbursement of their reasonable expenses to attend such meetings. Members of the Audit Committee are paid a fee of $1,000 per quarter, with the Chair of that Committee to receive $1,500 per quarter. As an executive officer, the Company’s Chairman has elected to forego his annual board fees. The following table sets forth the compensation paid to directors for the fiscal year ended June 30, 2016: John V. Winfield — As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee or meetings fees. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries, which is reported on the Summary Compensation Table. Summary Compensation Table shows total compensation for 2016 as $1,311,000.
2018-01-26 John V. Winfield — Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. ... As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee or meetings fees. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries, which is reported on the Summary Compensation Table. ... Non-employee directors receive an annual cash retainer in the amount of $12,000. ... The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company and its subsidiaries for each of the Company’s last two completed fiscal years ended June 30, 2017 and June 30, 2016. ... John V. Winfield 2017 Salary $784,000 Bonus - Compensation $151,000 Total $935,000.
2019-01-15 John V. Winfield — Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company's Chairman of the Board, President and Chief Executive Officer, having first been appointed as such in 1987. ... Non-employee directors receive an annual cash retainer in the amount of $12,000. ... As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee or meetings fees by the Company. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries. ... SUMMARY COMPENSATION TABLE ... John V. Winfield 2018 Salary $844,000 Bonus - Compensation $63,000 Total $907,000 ... The amounts include director’s fees totaling $12,000 for each year.
2020-01-28 John V. Winfield -- Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company’s Chairman of the Board, President, and Chief Executive Officer, having first been appointed as such in 1987. ... The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company ... John V. Winfield 2019 Salary $844,000 Bonus - Compensation $64,000 Total $908,000 ... Non-employee directors receive an annual cash retainer in the amount of $12,000. ... As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee, or meeting fees by the Company. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries.
2021-04-13 John V. Winfield - Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company’s Chairman of the Board, President, and Chief Executive Officer, having first been appointed as such in 1987. ... Mr. Winfield is Chairman of the Executive Committee. ... As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee, or meeting fees by the Company. Mr. Winfield did receive a total of $12,000 in regular board fees from the Company’s subsidiaries.
2022-04-13 John V. Winfield was first appointed to the Board in 1982. He currently serves as the Company’s Chairman of the Board, President, and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as Chairman and Chief Executive Officer of the Company’s subsidiary Portsmouth Square, Inc. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. Non-employee directors receive an annual cash retainer in the amount of $12,000. As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee, or meeting fees by the Company. Mr. Winfield did receive a total of $11,000 in regular board fees from the Company’s subsidiaries. The following table sets forth the compensation paid to directors for the fiscal year ended June 30, 2021: John V. Winfield $11,000. The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company and its subsidiaries for each of the Company’s last two completed fiscal years ended June 30, 2021 and 2020. John V. Winfield total compensation $1,169,000.
2023-04-26 John V. Winfield Chairman of the Board; President and Chief Executive Officer Age 76 As Chief Executive Officer, the Company’s Chairman, John V. Winfield, was not paid any board, committee, or meeting fees by the Company. Mr. Winfield did receive a total of $6,000 in regular board fees from the Company’s subsidiaries. Member of the Executive Strategic Real Estate and Securities Investment Committee
2024-04-17 John V. Winfield - Mr. Winfield was first appointed to the Board in 1982. He currently serves as the Company’s Chairman of the Board, President, and Chief Executive Officer, having first been appointed as such in 1987. Mr. Winfield also serves as Chairman and Chief Executive Officer of the Company’s subsidiary Portsmouth Square, Inc. (“Portsmouth”), a public company. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company.
2025-04-08 Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies.

PORTSMOUTH SQUARE INC

Filing Date Source Excerpt
2002-01-03 John V. Winfield - Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation, having held those positions since April 1996. Mr. Winfield is Chairman of the Board, President and Chief Executive Officer of The InterGroup Corporation ("InterGroup"), a public company, and has held those positions since 1987. Mr. Winfield is also Chairman of the Board of Healthy Planet Products, Inc., a public company ("HPP"), having first been appointed as a Director in September 1997 and elected Chairman on August 5, 1998. Mr. Winfield also serves as Chairman of the Board of Etz Lavud, a public company.
2003-02-03 John V. Winfield - Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation, having held those positions since April 1996. Mr. Winfield is Chairman of the Board, President and Chief Executive Officer of The InterGroup Corporation ("InterGroup"), a public company, and has held those positions since 1987. Mr. Winfield is also a Director of Healthy Planet Products, Inc. ("HPP"), a public company. Mr. Winfield also serves as Chairman of the Board of Etz Lavud, a public company.
2004-01-27 John V. Winfield (2) 57 Chairman of the Board, 1996 President and Chief Executive Officer The Company's Board of Directors presently consists of five directors. We propose to elect five directors, each to hold office until we have the next Annual Meeting and until his successor is elected and qualified. John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. SUMMARY COMPENSATION TABLE John V. Winfield 2003 $76,500 $411,355(1) $6,000(2) Chairman, President and 2002 $88,125 $ - $6,000(2) Chief Executive Officer 2001 $90,000 $ - $6,000(2) (1) Amounts shown reflect a performance bonus, approved by the independent and disinterested members of the Board of Directors, based on the results of Mr. Winfield's management of the Company's securities portfolio for the fiscal year ended June 30, 2003. (2) Amounts shown reflect regular Directors fees.
2005-01-27 John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation, having held those positions since April 1996. Mr. Winfield is Chairman of the Board, President and Chief Executive Officer of The InterGroup Corporation ("InterGroup"), a public company, and has held those positions since 1987. As a small business issuer, Portsmouth has no compensation committee. Executive Officer compensation is set by the independent members of the Board of Directors. Set forth below is a summary compensation table concerning compensation of the Chief Executive Officer ("CEO"), and any qualifying Executive Officer or employee, for the last three completed fiscal years. SUMMARY COMPENSATION TABLE Name and Principal Position Year Salary Bonus Other Annual Compensation John V. Winfield 2004 $91,800 $407,000(1) $6,000(2) Chairman, President and 2003 $76,500 $411,355(1) $6,000(2) Chief Executive Officer 2002 $88,125 $ 0 $6,000(2) (1) Amounts shown reflect a performance bonus, approved by the independent and disinterested members of the Board of Directors, based on the results of Mr. Winfield's management of the Company's securities portfolio for the fiscal years ended June 30, 2004 and June 30, 2003. (2) Amounts shown reflect regular Directors fees. During fiscal 2004, 2003 and 2002, the Company also paid annual premiums of $17,000 for a split dollar whole life insurance policy, owned by, and the beneficiary of which is, a trust for the benefit of Mr. Winfield's family. The Company has a secured right to receive, from any proceeds of the policy, reimbursement of all premiums paid prior to any payments to the beneficiary.
2006-01-30 John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation, having held those positions since April 1996. Mr. Winfield is Chairman of the Board, President and Chief Executive Officer of The InterGroup Corporation ("InterGroup"), a public company, and has held those positions since 1987. The bylaws of Portsmouth permit directors to be paid a fixed sum for attendance at each meeting of the Board or a stated salary as director. Each director is paid a fee of $1,500 per quarter for a total annual compensation of $6,000. This policy has been in effect since July 1, 1985. Members of the Company's Audit Committee also receive a fee of $500 per quarter. As a small business issuer, Portsmouth has no compensation committee. Executive Officer compensation is set by the independent members of the Board of Directors. Set forth below is a summary compensation table concerning compensation of the Chief Executive Officer ("CEO"), and any qualifying Executive Officer or employee, for the last three completed fiscal years. SUMMARY COMPENSATION TABLE Name and Principal Position Year Salary Bonus Other Annual Compensation John V. Winfield 2005 $127,500 $ 4,000(1) $6,000(2) Chairman, President and 2004 $ 91,800 $407,000(1) $6,000(2) Chief Executive Officer 2003 $ 76,500 $411,355(1) $6,000(2)
2007-01-26 John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. ... The bylaws of Portsmouth permit directors to be paid a fixed sum for attendance at each meeting of the Board or a stated salary as director. Each director is paid a fee of $1,500 per quarter for a total annual compensation of $6,000. ... As a small business issuer, Portsmouth has no compensation committee. Executive Officer compensation is set by the independent members of the Board of Directors. Set forth below is a summary compensation table concerning compensation of the Chief Executive Officer ("CEO"), and any qualifying Executive Officer or employee, for the last three completed fiscal years. ... John V. Winfield 2006 $127,500 salary, $0 bonus, $6,000 other annual compensation, $17,000 all other compensation.
2008-01-28 John V. Winfield (2) 61 Chairman of the Board, 1996 President and Chief Executive Officer The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company's principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company for each of the Company's last two competed fiscal years ended June 30, 2007 and 2006. SUMMARY COMPENSATION TABLE Fiscal All Other Name and Principal Position Year Salary Bonus Compensation Total --------------------------- ---- ---------- ---------- ------------ ------------ John V. Winfield 2007 $133,500(1) $ - $17,000(2) $ 150,500 Chairman, President and 2006 $133,500(1) $ - $17,000(2) $ 150,500 Chief Executive Officer (1) Amounts shown include $6,000 per year in regular Directors fees. (2) During fiscal years 2007 and 2006, the Company also paid annual premiums of $17,000 for a split dollar whole life insurance policy, owned by, and the beneficiary of which is, a trust for the benefit of Mr. Winfield's family. This policy was obtained in December 1998 and provides for a death benefit of $1,000,000. The Company has a secured right to receive, from any proceeds of the policy, reimbursement of all premiums paid prior to any payments to the beneficiary. On July 18, 2003, the disinterested members of the Board of Directors established a performance based compensation program for the Company's CEO, John V. Winfield, to keep and retain his services as a direct and active manager of the Company's securities portfolio.
2009-01-21 John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation, having held those positions since April 1996. Mr. Winfield is Chairman of the Board, President and Chief Executive Officer of The InterGroup Corporation ("InterGroup"), a public company, and has held those positions since 1987. SUMMARY COMPENSATION TABLE John V. Winfield 2008 $133,500(1) $ - $17,000(2) $ 150,500 Chairman, President and 2007 $133,500(1) $ - $17,000(2) $ 150,500 Chief Executive Officer (1) Amounts shown include $6,000 per year in regular Directors fees. (2) During fiscal years 2008 and 2007, the Company also paid annual premiums of $17,000 for a split dollar whole life insurance policy, owned by, and the beneficiary of which is, a trust for the benefit of Mr. Winfield's family. Director Compensation Table John V. Winfield(2) -------------- (2) As an executive officer, Mr. Winfield's director's fees are reported in the Summary Compensation Table. Securities Investment Committee. On March 17, 1998, the Company established a Securities Investment Committee to establish guidelines and to review the Company's investment policies. The Committee consists of all of the Directors of the Company, John V. Winfield (Chair), John C. Love and William J. Nance.
2010-01-27 John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation, having held those positions since April 1996. Mr. Winfield is Chairman of the Board, President and Chief Executive Officer of The InterGroup Corporation ("InterGroup"), a public company, and has held those positions since 1987.
2011-01-25 John V. Winfield is the sole beneficial owner of 49,400 shares of Portsmouth's majority owner Santa Fe Financial Corporation ("Santa Fe"). The InterGroup Corporation ("InterGroup") is the beneficial owner of 944,379 common shares of Santa Fe. As the President and Chairman of the Board and a 60.2% shareholder of InterGroup, Mr. Winfield has voting and dispositive power over a total of 993,779 shares of Santa Fe, which represents approximately 80.0% of the voting power of Santa Fe. John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation ("Santa Fe"), a public company, having held those positions since April 1996. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Santa Fe's parent company, The InterGroup Corporation ("InterGroup"), a public company, and has held those positions since 1987. Mr. Winfield's extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board's conclusion that he should serve as a director of the Company. As Chairman of the Securities Investment Committee, the Company's President and Chief Executive officer, John V. Winfield, oversees the investment activity of the Company in public and private markets pursuant to authority granted by the Board of Directors. Executive compensation summary table shows total compensation of $150,500 for fiscal year 2010.
2012-01-23 Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. ... The Board of Directors has nominated John V. Winfield ... SUMMARY COMPENSATION TABLE ... John V. Winfield 2011 $133,500 salary, $17,000 other compensation, total $150,500 ... As an executive officer, Mr. Winfield’s directors fees are reported in the Summary Compensation Table. ... Chairman of the Securities Investment Committee.
2013-01-22 John V. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. ... The Chairman of the Board, Mr. Winfield, also serves as our Chief Executive Officer. ... The Company’s CEO did not earn any performance based compensation for the years ended June 30, 2012 and 2011. ... The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company for each of the Company’s last two completed fiscal years ended June 30, 2012 and 2011. ... John V. Winfield 2012 $134,000 salary, $17,000 other compensation, total $151,000. ... The Chairman of the Securities Investment Committee, the Company’s President and Chief Executive officer, John V. Winfield, oversees the investment activity of the Company in public and private markets pursuant to authority granted by the Board of Directors.
2014-01-27 John V. Winfield is the sole beneficial owner of 49,400 shares of common stock of Portsmouth’s majority owner Santa Fe Financial Corporation. Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company’s Chairman of the Board, President and Chief Executive Officer. The Summary Compensation Table shows total compensation of $151,000 for fiscal year 2013. He chairs the Securities Investment Committee.
2015-01-22 John V. Winfield is the sole beneficial owner of 49,400 shares of common stock of Portsmouth’s majority owner Santa Fe Financial Corporation. Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer. Total compensation for 2014 was $282,000.
2016-01-19 John V. Winfield -- Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. ... The Audit Committee is currently comprised of Messrs. Nance (Chairperson) and Love, each of whom are independent directors ... The members of the Hotel Committee are Directors John C. Love (Chair), William J. Nance and Jerold R. Babin. ... The Securities Investment Committee consists of all of the directors of the Company, John V. Winfield (Chair), John C. Love and William J. Nance. ... DIRECTOR COMPENSATION TABLE ... John V. Winfield ... $6,000 ...
2017-01-30 John V. Winfield — Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. ... The Board of Directors has nominated John V. Winfield ... The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer ... John V. Winfield ... Chairman; President and Chief Executive Officer ... 2016 ... $272,000 ... $417,000 ... $689,000 ... As an executive officer, Mr. Winfield’s directors fees are reported in the Summary Compensation Table. ... The members of the Securities Investment Committee consists of all of the directors of the Company, John V. Winfield (Chair) ...
2018-01-26 Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation ("Santa Fe"), a public company, having held those positions since April 1996. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Santa Fe’s parent company, The InterGroup Corporation ("Intergroup"), a public company, and has held those positions since 1987. Mr. Winfield also served as Chairman of the Board of Comstock Mining Inc. (NYSE MKT: LODE) ("Comstock"), a public company, from June 2011 to September 2015. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. The Chairman of the Board, Mr. Winfield, also serves as the Company’s Chief Executive Officer. The Board believes that combining the Chairman and Chief Executive officer roles is the most appropriate structure for the Company at this time because (i) this structure has had a longstanding history with the Company, which the Board believes has served our shareholders well through many economic cycles and business challenges; (ii) the Board believes Mr. Winfield’s unique business experience and history with the Company makes it appropriate for him to serve in both capacities; and (iii) the Board believes its corporate governance processes and committee structures preserve Board independence by promoting independent discussions among directors and independent evaluation of, and communications with, members of senior management such that separation of the Chairman and Chief Executive Officer roles is unnecessary at this time. The Audit Committee has appointed the firm of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2018. The Securities Investment Committee consists of all of the directors of the Company, John V. Winfield (Chair), John C. Love and William J. Nance. During fiscal year 2017, the Securities Investment Committee did not hold any meetings. Each director of the Company is paid a Board retainer fee of $1,500 per quarter for a total annual compensation of $6,000. This policy has been in effect since July 1, 1985. Members of the Audit Committee also receive a fee of $500 per quarter. Directors and committee members are also reimbursed for their out-of-pocket travel costs to attend meetings. On February 26, 2004, the Board of Directors established a Hotel Committee to actively oversee the Company’s interests in Justice and the repositioning and operations of the Hotel. The members of the Hotel Committee were directors John C. Love (Chair), William J. Nance and Jerold R. Babin. Mr. Love and Mr. Nance each received $3,500 per month and Mr. Babin $500 per month for serving on the Hotel Committee. In June 2016, the Hotel Committee was terminated. The following table provides information concerning compensation awarded to, earned by, or paid to the Company’s directors for the fiscal year ended June 30, 2017. Jerold R. Babin $6,000, John C. Love $8,000, William J. Nance $8,000, John V. Winfield as an executive officer, Mr. Winfield’s directors fees are reported in the Summary Compensation Table. John V. Winfield 2017 $280,000 salary, $17,000 all other compensation, total $297,000.
2019-01-15 Mr. Winfield was first elected to the Board in May of 1996 and currently serves as the Company's Chairman of the Board, President and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Portsmouth's parent company Santa Fe Financial Corporation ("Santa Fe"), a public company, having held those positions since April 1996. Mr. Winfield is also Chairman of the Board, President and Chief Executive Officer of Santa Fe’s parent company, The InterGroup Corporation ("Intergroup"), a public company, and has held those positions since 1987. Mr. Winfield also served as Chairman of the Board of Comstock Mining Inc. (NYSE MKT: LODE) ("Comstock"), a public company, from June 2011 to September 2015. Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company for each of the Company’s last two completed fiscal years ended June 30, 2018 and 2017. No stock awards, long-term compensation, options or stock appreciation rights were granted to any of the named executive officers during the last two fiscal years. SUMMARY COMPENSATION TABLE: John V. Winfield 2018 Salary $306,000. Amounts shown include $6,000 per year in regular Directors fees. DIRECTOR COMPENSATION TABLE notes that as an executive officer, Mr. Winfield’s directors’ fees are reported in the Summary Compensation Table. He is Chair of the Securities Investment Committee.
2020-01-17 John V. Winfield was first elected to the Board in May of 1996 and currently serves as the Company’s Chairman of the Board, President, and Chief Executive Officer. ... The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company for each of the Company’s last two completed fiscal years ended June 30, 2019, and 2018. ... John V. Winfield 2019 $306,000 ... Chairman; President and Chief Executive Officer ... Amounts shown include $6,000 per year in regular Director’s fees. ... As an executive officer, Mr. Winfield’s directors’ fees are reported in the Summary Compensation Table. ... The Securities Investment Committee consists of John V. Winfield (Chair), John C. Love, and William J. Nance.
2021-04-13 John V. Winfield was first elected to the Board in May of 1996 and currently serves as the Company’s Chairman of the Board, President, and Chief Executive Officer. ... The Board of Directors has nominated John V. Winfield ... The Board of Directors has not established a formal process for security holders to send communications to the Board of Directors, and the Board has not deemed it necessary to establish such a procedure at this time. ... The Executive Committee consists of John V. Winfield (Chairperson), Steve Grunwald, and David Gonzalez (Advisor). ... The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer and other named executive officers of the Company whose total compensation exceeded $100,000 for all services rendered to the Company for each of the Company’s last two completed fiscal years ended June 30, 2020, and 2019. ... John V. Winfield 2020 $306,000 ... Chairman; President and Chief Executive Officer ... Amounts shown include $6,000 per year in regular Director’s fees. ... As an executive officer, Mr. Winfield’s directors’ fees are reported in the Summary Compensation Table.
2022-04-13 John V. Winfield was first elected to the Board in May of 1996 and currently serves as the Company’s Chairman of the Board and Chief Executive Officer. ... Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies, led to the Board’s conclusion that he should serve as a director of the Company. ... The Executive Committee consists of John V. Winfield (Chairperson), Steve Grunwald, and David C. Gonzalez (Advisor). ... The following table provides certain summary information concerning compensation awarded to, earned by, or paid to the Company’s principal executive officer ... John V. Winfield 2021 Salary $348,000 ... As an executive officer, Mr. Winfield’s directors’ fees are reported in the Summary Compensation Table.
2023-04-26 John V. Winfield was first elected to the Board in May of 1996 and currently serves as the Company’s Chairman of the Board and Chief Executive Officer. Mr. Winfield is also Chairman of the Board, President, and Chief Executive Officer of Portsmouth’s parent company, The InterGroup Corporation. The Summary Compensation Table shows his total annual compensation as $422,000 for 2022. He is Chairperson of the Executive Strategic Real Estate and Securities Investment Committee.
2024-04-17 John V. Winfield was first elected to the Board in May of 1996 and currently serves as the Company’s Chairman of the Board and Chief Executive Officer. The Executive Committee consists of John V. Winfield (Chairperson), Steve H. Grunwald, and David C. Gonzalez (Advisor). The Summary Compensation Table shows John V. Winfield's total compensation as $751,000 for 2023.
2025-04-08 Mr. Winfield’s extensive experience as an entrepreneur and investor, as well as his managerial and leadership experience from serving as a chief executive officer and director of public companies.

Data sourced from SEC filings. Last updated: 2025-07-01