Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2006-03-24 | Joseph S. Vassalluzzo, Non-Executive Chairman of the Board of Trustees since February 2006; former Vice Chairman of Staples, Inc. The Audit Committee members include Joseph S. Vassalluzzo. The Nominating and Corporate Governance Committee members include Joseph S. Vassalluzzo. Total Trustee fees paid for 2005 were as follows: Joseph S. Vassalluzzo $35,000 Annual Retainer Paid in Cash, $52,500 Annual Retainer Paid in Shares, $15,000 Committee Chair Fees, $13,500 Other Compensation, $116,000 Total. |
| 2007-03-26 | Joseph S. Vassalluzzo, Non-Executive Chairman of the Board of Trustees... Board Committees: Audit Committee, Nominating and Corporate Governance Committee. 2006 Director Compensation: $190,295. |
| 2008-03-28 | Joseph S. Vassalluzzo, Non-Executive Chairman of the Board of Trustees since February 2006; former Vice Chairman of Staples, Inc., a retailer specializing in home, office, and computer products, from January 2000 through July 2005, with responsibility for overseeing domestic and international growth in its retail and commercial operations; various other officer positions with Staples and Staples Realty & Development, a subsidiary of Staples, Inc., from 1997 to 2000; Director of iParty Corp., a premier multi-channel party supply and party planning company; Director of Commerce Bancorp, Inc., a regional financial services organization serving metropolitan Philadelphia, New Jersey, New York, Delaware, Washington, DC and Virginia; Director of Life Time Fitness, Inc., an operator of distinctive and large sports, athletic, fitness and family recreation centers. The current members of these committees are: Compensation Committee: Joe Vassalluzzo; Nominating and Corporate Governance Committee: Joe Vassalluzzo. Total compensation awarded to Trustees for service in 2007 was as follows: Joseph S. Vassalluzzo: $196,938. |
| 2009-03-26 | Joseph S. Vassalluzzo, Non-Executive Chairman of the Board of Trustees since February 2006; Vice Chairman of Staples, Inc., (2000 to 2005), a retailer specializing in home, office, and computer products, with responsibility for overseeing domestic and international growth in its retail and commercial operations; various other officer positions with Staples and Staples Realty & Development, a subsidiary of Staples, Inc. (1997 to 2000); Director of iParty Corp., a premier multi-channel party supply and party planning company; Lead Director of Life Time Fitness, Inc., an operator of distinctive and large sports, athletic, fitness and family recreation centers. Total compensation awarded to Trustees for service in 2008 was as follows: Joseph S. Vassalluzzo $178,188. The current members of these committees are: Compensation Committee: Joe Vassalluzzo; Nominating and Corporate Governance Committee: Joe Vassalluzzo. |
| 2010-03-24 | Joseph S. Vassalluzzo 62 Independent Trustee Non-Executive Chairman of the Board 2002 2012 The current members of these committees are: Compensation Committee: David W. Faeder*, Kristin Gamble, Gail P. Steinel, Joseph S. Vassalluzzo Nominating and Corporate Governance Committee: Warren M. Thompson*, Jon E. Bortz, Kristin Gamble, Joseph S. Vassalluzzo 2009 DIRECTOR COMPENSATION TABLE Joseph S. Vassalluzzo Fees Earned or Paid in Cash: $75,000 Stock Awards: $75,000 All Other Compensation: $28,188 Total: $178,188 |
| 2011-03-24 | Joseph S. Vassalluzzo, Non-Executive Chairman of the Board... 2010 DIRECTOR COMPENSATION TABLE: Joseph S. Vassalluzzo Fees Earned or Paid in Cash $75,000, Stock Awards $75,000, All Other Compensation $9,713, Total $159,713. Committees: Compensation Committee, Nominating and Corporate Governance Committee. |
| 2012-03-23 | Joseph S. Vassalluzzo, Independent Trustee, Non-Executive Chairman of the Board, Age 64, Trustee Since 2002. Serves on Compensation Committee and Nominating and Corporate Governance Committee. 2011 Trustee Compensation: $259,524 total including administrative support valued at $9,524. |
| 2013-03-22 | Joseph S. Vassalluzzo 65 Independent Trustee Non-Executive Chairman of the Board 2002 2012 TRUSTEE COMPENSATION TABLE Joseph S. Vassalluzzo $100,000 $150,000 $5,361 $255,361 Compensation Committee Nominating and Corporate Governance Committee |
| 2014-03-28 | Joseph S. Vassalluzzo, 66, Independent Trustee since 2002, Non-Executive Chairman of the Board. Serves on Compensation Committee and Nominating and Corporate Governance Committee. 2013 Trustee compensation total $255,595. |
| 2015-03-27 | Joseph S. Vassalluzzo 67 Independent Trustee Non-Executive Chairman of the Board 2002 ...Compensation Committee: David W. Faeder, Kristin Gamble, Gail P. Steinel, Joseph Vassalluzzo ...Nominating and Corporate Governance Committee: Warren M. Thompson, Jon E. Bortz, Kristin Gamble, Joseph S. Vassalluzzo ...2014 TRUSTEE COMPENSATION TABLE Joseph S. Vassalluzzo $100,000 Fees Earned or Paid in Cash, $150,000 Stock Awards, $6,300 All Other Compensation, Total $256,300 |
| 2016-03-25 | Joseph S. Vassalluzzo 68 Independent Trustee Non-Executive Chairman of the Board 2002 Compensation Committee: David W. Faeder* Kristin Gamble Gail P. Steinel Joseph Vassalluzzo Nominating and Corporate Governance Committee: Warren M. Thompson* Jon E. Bortz Kristin Gamble Joseph S. Vassalluzzo 2015 TRUSTEE COMPENSATION TABLE Joseph S. Vassalluzzo $100,000 $150,000 $6,975 $256,975 |
| 2017-03-23 | Joseph S. Vassalluzzo, age 69, has served on the Board since 2002. Mr. Vassalluzzo has served as our Non-Executive Chairman of the Board of Trustees since February 2006... Total compensation awarded to Trustees for service in 2016 was as follows: Joseph S. Vassalluzzo $257,378. |
| 2018-03-23 | Joseph S. Vassalluzzo, Age: 70, Trustee since: 2002, Non-Executive Chairman, Independent. Committees: Compensation, Nominating and Corporate Governance. Total compensation awarded to Trustees for service in 2017 was $272,500. |
| 2019-03-22 | Joseph S. Vassalluzzo Age: 71 Trustee since: 2002 Non-Executive Chairman Independent Committees: Compensation, Nominating and Corporate Governance Total compensation awarded to Trustees for service in 2018 was as follows: Joseph S. Vassalluzzo $106,000 cash retainer, $159,000 shares, no chair fees, $8,000 other compensation, total $273,000. |
| 2020-03-20 | Joseph S. Vassalluzzo Age: 72 Trustee Since: 2002 Non-Executive Chairman Committees: Compensation Nominating Business Experience: Non-Executive Chairman of the Board of Office Depot, Inc. (2017 - present) Various positions including Vice Chairman with Staples, Inc. (1989 - 2005) Specific Qualifications and Skills: Mr. Vassalluzzo has extensive knowledge of and experience with retail real estate as a result of his work in leading the expansion of Staples. He also brings a depth of understanding of retailing and leadership skills from his service on the boards of multiple retail concepts and other public companies. Other Public Company Boards: Office Depot, Inc. (2013 - present); Non-Executive Chairman (2017 - present) Life Time Fitness (2006 - 2015) Total compensation awarded to our Trustees for service in 2019 was as follows: Joseph S. Vassalluzzo $106,000 paid in cash, $159,000 paid in shares, $0 chair fees, $8,700 other compensation, total $273,700. |
| 2021-03-25 | In addition to the annual retainer for the Non-Executive Chairman described above, Mr. Vassalluzzo received administrative support for both Company business and his personal use from our regional office in Wynnewood, Pennsylvania. There were no additional fees paid or services provided to any Trustee for service on any of the Board committees or for attendance at any Board or committee meetings other than those described above. |
| Filing Date | Source Excerpt |
|---|---|
| 2017-06-09 | Joseph S. Vassalluzzo has served as a Director on our Board since August 2013 and was appointed as the independent non-executive Chairman of the Board in February 2017. He currently serves as a director on public company boards, including, since 2002, the Federal Realty Investment Trust, where he is Chairman of the Board of Trustees and was a director of LifeTime Fitness, from 2006 to 2015, where he was the Lead Director and Chair of the Compensation Committee. Mr. Vassalluzzo previously served on the board of directors of iParty Corp. from 2004 to 2013 and on the board of directors of Commerce Bancorp from 2005 to 2008 where he chaired various committees of both. He also operates a retail consulting business. |
| 2018-03-19 | Mr. Vassalluzzo served as Vice Chairman at Staples, Inc. with responsibilities including real estate and operations, and has broad retail business experience. |
| 2019-03-20 | Mr. Vassalluzzo was vice chairman at Staples and director at Federal Realty Investment Trust, with retail and real estate expertise, no software background indicated. |
| 2020-03-26 | Mr. Vassalluzzo was appointed as the independent non-executive Chairman of the Board in February 2017. Since 2002, he has served as a director of the Federal Realty Investment Trust, where he is chairman of the board of trustees. Mr. Vassalluzzo was previously a director of LifeTime Fitness, from 2006 to 2015, where he was its lead director and chair of the compensation committee. Mr. Vassalluzzo also served on the board of directors of iParty Corp. from 2004 to 2013 and on the board of directors of Commerce Bancorp from 2005 to 2008 where he chaired various committees of both companies. He also operates a retail consulting business. Previously, Mr. Vassalluzzo was employed by Staples, Inc. from 1989 until 2005 and his duties included worldwide responsibility for all of Staples's real estate activities, including, but not limited to, the development and management of all retail stores; distribution; office and warehouse centers; engineering, construction and design activities; facilities management; M&A activities; and the Legal Department function. Mr. Vassalluzzo also served as Staples' vice chairman. |
| 2021-03-12 | Mr. Vassalluzzo was employed by Staples, Inc. with responsibilities including real estate and retail operations. |
| 2022-03-17 | Mr. Vassalluzzo was appointed as the independent non-executive Chairman of the Board in February 2017. From 2002 to 2021, he has served as a director of the Federal Realty Investment Trust, where he was chairman of the board of trustees. Mr. Vassalluzzo was previously a director of LifeTime Fitness, from 2006 to 2015, where he was its lead director and chair of the compensation committee. |
| 2023-03-16 | Mr. Vassalluzzo was employed by Staples, Inc. from 1989 until 2005, with responsibilities including worldwide real estate activities and served as Staples’ vice chairman from 1999 to 2005. |
| 2024-03-14 | Mr. Vassalluzzo was appointed as the independent non-executive Chairman of the Board in February 2017. He has extensive leadership, professional management, M&A, executive committee and public company executive and board experience. |
Data sourced from SEC filings. Last updated: 2025-07-01