Corporate Board Profile
Tech Score: 0/100
Filing Date | Source Excerpt |
---|---|
2013-03-01 | Joseph E. Canon, Abilene, Texas, has served as a director of the Company since 1996. He serves on the Compensation Committee. ... For 2012, we had nine non-officer directors who received fees for attendance at board of director meetings and committee meetings. Directors who are not our officers receive $2,500 for each board meeting attended and a $2,500 per quarter retainer fee. ... Directors who serve on committees and who are not our officers receive $1,000 for each committee meeting attended. Director fees are paid in cash but a director may elect to defer receipt of fees into a non-qualified "Rabbi Trust" wherein the funds are used to purchase Company common shares on the open market. No equity awards are granted to the directors for fees and the directors do not participate in the Company s profit sharing or defined benefit pension plan. Directors are reimbursed for actual travel costs to attend the respective meetings. Joseph E. Canon received $26,250 in total compensation in 2012. |
2014-02-28 | Joseph E. Canon, Executive Director, Dodge Jones Foundation, a private charitable foundation. For 2013, we had nine non-officer directors who received fees for attendance at Board of Director meetings and committee meetings. Directors who are not also our officers receive $2,500 for each board meeting attended and a $5,000 per quarter retainer fee. The directors who serve on committees and who are not also our officers receive $1,000 for each committee meeting attended. Director fees are paid in cash but a director may elect to defer receipt of fees into a non-qualified Rabbi Trust wherein the funds are used to purchase Company common shares on the open market. No equity awards are granted to the directors for fees and the directors do not participate in the Company’s profit sharing or defined benefit pension plan. Directors are reimbursed for actual travel costs to attend the respective meetings. Joseph E. Canon received $44,500 in total director compensation in 2013. |
Data sourced from SEC filings. Last updated: 2025-07-01