JOSEPH R. DANCY - Corporate Board Profile

ARTS WAY MANUFACTURING CO INC

Filing Date	Source Excerpt
2012-03-26	Joseph R. Dancy, Director Nominee. Mr. Dancy is President of LSGI Advisors Inc., a Dallas-based investment advisory firm... The Board has nominated Joseph R. Dancy to stand for election to the Board at the 2012 Annual Meeting.
2013-03-25	Joseph R. Dancy, Director. Mr. Dancy is President of LSGI Advisors Inc., a Dallas-based investment advisory firm that specializes in investments in small publicly traded companies, many of which are in the energy and agricultural sectors. He also teaches Oil & Gas Law and Oil & Gas Environmental Law as an adjunct professor at Southern Methodist University School of Law in Dallas. Mr. Dancy was appointed to the Company’s Audit Committee in January 2013. Director Compensation Table for 2012 Fiscal Year shows total compensation of $22,520.
2014-03-25	Joseph R. Dancy, Director. Mr. Dancy is President of LSGI Advisors Inc., a Dallas-based investment advisory firm that specializes in investments in small publicly traded companies, many of which are in the energy and agricultural sectors. He also teaches Oil & Gas Law and Oil & Gas Environmental Law as an adjunct professor at Southern Methodist University School of Law in Dallas. He has a Metallurgical Engineering degree from Michigan Technological University, an MBA from the University of Michigan, and a Juris Doctorate from Oklahoma City University. Mr. Dancy was appointed to the Company’s Audit Committee in January 2013. Among other attributes, skills, and qualifications, the Board believes Mr. Dancy will make valuable contributions as a director because his experience allows him to analyze the competitive positions of small public companies, national and global trends in the agricultural sector, as well as legal and regulatory developments that may impact the agricultural/biofuel industries. The Audit Committee operates under a written charter, which is available on our website at http://www.artsway-mfg.com/corporategovernance/. The current members of the Audit Committee are Thomas E. Buffamante (Chairman), Douglas McClellan, and Joseph R. Dancy. The Board has determined that all members of the Audit Committee who served during fiscal year 2013 are independent under the definition of “independence” provided by NASDAQ Rule 5605 and Rule 10A-3 of the Securities Exchange Act of 1934. For fiscal year 2013, each director, other than the Chairman of the Board and Vice Chairman of the Board, received annual compensation totaling $30,000; however, the compensation paid to Fred W. Krahmer was prorated to $12,500, and the compensation paid to David R. Castle was prorated to $27,500, to reflect, respectively, the portions of the year each served on the Board.
2015-03-25	Joseph R. Dancy, Director. Mr. Dancy is President of LSGI Advisors Inc., a Dallas-based investment advisory firm that specializes in investments in small publicly traded companies, many of which are in the energy and agricultural sectors. He also teaches Oil & Gas Law and Oil & Gas Environmental Law as an adjunct professor at Southern Methodist University School of Law in Dallas. Mr. Dancy was appointed to the Company’s Audit Committee in January 2013. Director Compensation Table for 2014 Fiscal Year: Joseph R. Dancy Fees Earned or Paid in Cash ($): 30,000, Option Awards ($): 2,366, Total Compensation ($): 32,366.
2016-03-28	Mr. Dancy was appointed to the Company’s Audit Committee in January 2013.
2017-03-28	Mr. Dancy was appointed to the Company’s Audit Committee in January 2013 and to the Compensation Committee in April 2016. During the 2016 fiscal year, each director, other than the Chairman of the Board and the Vice Chairman of the Board, was entitled to receive a $30,000 cash retainer for his service as a director during the fiscal year, with no committee or attendance fees pursuant to this plan. The Chairpersons of the Audit Committee and the Compensation Committee were each entitled to receive an additional cash retainer of $5,000 per fiscal year. The fees in the table below reflect that directors Thomas E. Buffamante, David R. Castle, Joseph R. Dancy, and David A. White have elected to reduce by 20% their cash retainers for service as a director and any additional cash retainer for serving as a Chairperson. The retainer reductions are voluntary, were in effect throughout fiscal 2016, and will remain in place until such time as the directors say otherwise.
2018-03-26	Joseph R. Dancy, Director. Mr. Dancy is President and director of LSGI Advisors Inc., a Dallas-based investment advisory firm that specializes in investments in small publicly traded companies, many of which are in the energy and agricultural sectors. He has taught law at the University of Oklahoma College of Law Oil and Gas, Natural Resources, and Energy Center and has served as the Center’s Executive Director since December 2016. He has a Metallurgical Engineering degree from Michigan Technological University, an MBA from the University of Michigan, and a Juris Doctorate from Oklahoma City University. Mr. Dancy was appointed to our Audit Committee in January 2013 and to our Compensation Committee in April 2016. Among other attributes, skills, and qualifications, the Board believes Mr. Dancy makes valuable contributions as a director because his experience allows him to analyze the competitive positions of small public companies, national and global trends in the agricultural sector, as well as legal and regulatory developments that may impact the agricultural/biofuel industries. Director Compensation Table for Fiscal Year 2017: Joseph Dancy received a cash retainer of $16,000 for fiscal year 2017 and was eligible to receive maximum incentive compensation of $5,000, which represented 20% of his cash retainer. Total compensation for fiscal year 2017 was $19,300.