KENNETH HALVERSON - Corporate Board Profile

RICHARDSON ELECTRONICS, LTD.

Filing Date	Source Excerpt
2013-08-22	Kenneth Halverson, age 62, is currently a consultant with Halverson Consulting, LLC. Mr. Halverson's extensive experience with healthcare companies as well as his background in technology and finance will enable him to provide valuable insight into the Company's strategy.
2014-08-22	Kenneth Halverson, age63, is currently a consultant with Halverson Consulting, LLC since 2009. Previously, he was Senior Vice President from 1999 to 2009 with MedAssets, Inc., one of the largest Group Purchasing Organizations in the country. MedAssets provides service to thousands of hospitals helping them to reduce their overall expenses. Mr. Halverson was with Comdisco Inc. from 1984 to 1999, acting as Senior Vice President and President of the Healthcare Group, which leased imaging and clinical equipment as well as refurbished and remarketed imaging equipment. Mr. Halverson holds an MBA in Finance from Northwestern University’s Kellogg School of Management and has held various executive positions with technology and healthcare companies throughout his career. We believe Mr. Halverson’s extensive experience with healthcare companies as well as his background in technology and finance will enable him to provide valuable insight into the Company’s strategy.
2015-08-21	Kenneth Halverson, age64,has been a consultant with Halverson Consulting, LLC since 2009 and has been a director since 2013. ... During our last fiscal year, the members and chair of each committee were as follows: Kenneth Halverson - Audit (a), Compensation (a), Executive (a)
2016-08-19	Kenneth Halverson, age 65, has been a director of the Company since October 2013. ... The Board of Directors has determined that Messrs. Benham, Halverson, Belin, and Plante, are independent as defined by NASDAQ listing standards. ... During our last fiscal year, the Board of Directors had four standing committees: the Audit Committee, Compensation & Governance Committee, Executive Committee, and Nominating Committee. ... During our last fiscal year, the members and chair of each committee were as follows: ... Kenneth Halverson served on the Audit Committee and Executive Committee. ... Director Compensation Table shows Kenneth Halverson received $34,750 in fees and $22,663 in option awards, totaling $57,413.
2017-08-24	Kenneth Halverson, age 65, has been a director of the Company since October 2013. ... The Board of Directors has determined that Messrs. Belin, Benham, Halverson, Kluge, and Plante, are independent as defined by NASDAQ listing standards. ... During our last fiscal year, the members and chair of each committee were as follows: Kenneth Halverson - Audit, Compensation, Executive. ... Director Compensation Table: Kenneth Halverson total compensation $61,413.
2018-08-24	Kenneth Halverson, age 66, has been a director of the Company since October 2013. ... The Board of Directors has determined that Messrs. Belin, Benham, Halverson, Kluge, and Plante, are independent as defined by NASDAQ listing standards. ... During our last fiscal year, the members and chair of each committee were as follows: Kenneth Halverson Audit ✓ Compensation ✓ Executive ✓ ... Director Compensation Table Kenneth Halverson 31,000 23,099 — 54,099
2019-08-26	Kenneth Halverson, age 67, has been a director of the Company since October 2013. He has been a consultant with Halverson Consulting, LLC since 2009. Previously, he was Senior Vice President from 1999 to 2009 with MedAssets, Inc., one of the largest Group Purchasing Organizations in the country. MedAssets provides service to thousands of hospitals helping them to reduce their overall expenses. Mr. Halverson was with Comdisco Inc. from 1984 to 1999, serving as Senior Vice President and President of the Healthcare Group, which leased imaging and clinical equipment as well as refurbished and remarketed imaging equipment. Mr. Halverson holds an MBA in Finance from Northwestern University’s Kellogg School of Management and has held various executive positions with technology and healthcare companies throughout his career. Mr. Halverson’s qualifications to serve on our Board of Directors include his extensive experience with healthcare companies as well as his background in technology and finance.
2020-08-24	Kenneth Halverson, age 68, has been a director of the Company since October 2013. He has been a board member of Shiftrx, LLC since November 2018. Mr. Halverson has been a consultant with Halverson Consulting, LLC since 2009. Previously, he was Senior Vice President from 1999 to 2009 with MedAssets, Inc., one of the largest Group Purchasing Organizations in the country. MedAssets provides service to thousands of hospitals helping them to reduce their overall expenses. Mr. Halverson was with Comdisco Inc. from 1984 to 1999, acting as Senior Vice President and President of the Healthcare Group, which leased imaging and clinical equipment as well as refurbished and remarketed imaging equipment. Mr. Halverson holds an MBA in Finance from Northwestern University’s Kellogg School of Management and has held various executive positions with technology and healthcare companies throughout his career. Mr. Halverson’s qualifications to serve on our Board of Directors include his extensive experience with healthcare companies as well as his background in technology and finance. The Board of Directors has determined that Messrs. Belin, Benham, Halverson, Kluge and Plante are independent as defined by Nasdaq listing standards. All members of the Audit, Compensation & Governance and Nominating Committees are independent in accordance with applicable laws and Nasdaq rules for members of such committees. During our last fiscal year, the Board of Directors had four standing committees: the Audit Committee, Compensation & Governance Committee, Executive Committee and Nominating Committee. During our last fiscal year, the members and chair of each committee were as follows: Kenneth Halverson Audit Committee, Compensation Committee, Executive Committee. Non-employee directors receive a quarterly retainer of $4,500, meeting fees of $1,000 for each Audit Committee meeting and $750 for Board and other committee meetings. The Chairman of the Audit Committee receives an additional quarterly retainer of $1,500. Upon joining the Board, new directors receive a grant of 25,000 common stock options that vest over five years. After the five-year period, directors receive an annual grant of 5,000 common stock options that are fully vested on the date of grant. Fiscal Year 2020 Director Compensation Table The following table shows compensation information for each of our non-employee directors during fiscal 2020. Kenneth Halverson $ 29,500 $ 4,050 $ 33,550
2021-08-23	Kenneth Halverson, age 69, has been a director of the Company since October 2013. ... Mr. Halverson’s qualifications to serve on our Board of Directors include his extensive experience with healthcare companies as well as his background in technology and finance. ... During our last fiscal year, the members and chair of each committee were as follows: Kenneth Halverson - Audit, Compensation & Governance, Executive. Fiscal Year 2021 Director Compensation Table shows Kenneth Halverson received total compensation of $36,450.
2022-08-22	Kenneth Halverson, age 70, has been a director of the Company since October 2013. He has been a board member of ShiftRx, LLC since November 2018 and a board member for Red Pine Camp Foundation. Mr. Halverson has been a consultant with Halverson Consulting, LLC since 2009.
2023-08-24	Kenneth Halverson, age 71, has been a director of the Company since October 2013. ... Mr. Halverson’s qualifications to serve on our Board of Directors include his extensive experience with healthcare companies as well as his background in technology and finance. ... The Audit Committee of the Board of Directors has determined that Messrs. Belin, Benham, Halverson, Kluge and Plante are independent as defined by Nasdaq listing standards. ... During our last fiscal year, the members and chair of each committee were as follows: Kenneth Halverson - Audit, Compensation & Governance, Executive. ... Fiscal Year 2023 Director Compensation Table shows Kenneth Halverson total compensation $55,950.
2024-08-23	Mr. Halverson holds an MBA in Finance from Northwestern University’s Kellogg School of Management and has held various executive positions with technology and healthcare companies throughout his career.