KIRK K. WEAVER - Corporate Board Profile

FRIEDMAN INDUSTRIES INC

Filing Date	Source Excerpt
2001-07-30	Kirk K. Weaver.................... President, Recycalyst Technologies Corporation (recycling and catalysts services), Houston, Texas since 1996; also Chairman of the Board and Chief Executive Officer, LTI Technologies, Inc. (technical services), Houston, Texas The Board of Directors has an audit committee which consists of Messrs. Hall, Rauch and Weaver. The Board of Directors has a compensation committee composed of Messrs. Rich, Rauch and Weaver. DIRECTOR FEES With the exception of directors who are employees of the Company, directors are paid $500 per quarter and receive annually 400 shares of Common Stock. In addition, audit committee members receive $500 for each committee meeting attended.
2002-07-29	Kirk K. Weaver.................... Chairman of the Board and Chief Executive Officer, LTI Technologies, Inc. (technical services), Houston, Texas DIRECTOR COMPENSATION With the exception of directors who are employees of the Company, directors are paid $500 per quarter and receive annually 400 shares of Common Stock pursuant to the Company's 2000 Non-Employee Director Stock Plan. In addition, audit committee members receive $500 for each committee meeting attended. The Board of Directors has an audit committee which consists of Messrs. Hall, Rauch and Weaver. The audit committee met four times in fiscal 2002, and Messrs. Hall and Weaver attended all of the meetings. The Board of Directors has a compensation committee composed of Messrs. Rauch, Rich and Weaver. The compensation committee met two times in fiscal 2002, and Messrs. Rauch, Rich and Weaver attended both meetings.
2003-07-25	The Board of Directors has an audit committee which consists of Messrs. Hall, Rauch and Weaver. The audit committee met four times in fiscal 2003, and Messrs. Hall, Rauch and Weaver attended all of the meetings. The Board has a nominating committee comprised of Messrs. Hall, Rauch, Rich, Weaver and Williams. With the exception of directors who are employees of the Company, directors are paid $500 per quarter and receive annually 400 shares of Common Stock pursuant to the Company's 2000 Non-Employee Director Stock Plan. In addition, audit committee members receive $500 for each committee meeting attended.
2004-07-29	Kirk K. Weaver Since June 2004, President, FXI Corporation (technology support services), Houston, Texas; formerly business advisor since 2002; formerly for more than five years, Chairman of the Board and Chief Executive Officer, LTI Technologies, Inc. (technical services), Houston, Texas 1981 59
2005-07-26	With the exception of directors who are employees of the Company, directors are currently paid $1,000 per quarter and receive annually 400 shares of Common Stock pursuant to the Companys 2000 Non-Employee Director Stock Plan. In addition, the chairman of the audit committee and members of such committee receive $1,000 and $750, respectively, for each committee meeting attended.
2006-07-25	With the exception of directors who are employees of the Company, directors are currently paid $2,000 per quarter. In addition, the chairman of the audit committee and members of such committee receive $1,000 and $750, respectively, for each committee meeting attended. On October 15, 2005, each non-employee director also received 320 shares of Common Stock of the Company under the Company 2000 Non-Employee Director Stock Plan, which terminated in accordance with its terms subsequent to such grants. In addition, each non-employee director received $490, representing an amount equal to 80 shares of Common Stock at the closing price of $6.12 per share on October 14, 2005 as reported on the American Stock Exchange. Messrs. Crow, H. Friedman and J. Friedman receive no compensation for serving as directors. The Board of Directors has an audit committee which currently consists of Messrs. Rauch, Weaver and Williams. The nominating committee is composed of Messrs. Hall, Rauch, Rich, Weaver and Williams. The Board formed a special committee comprised of Messrs. Hall, Rauch, Rich, Weaver and Williams to consider the purchase of 551,248 shares of Common Stock from Jack Friedman for approximately $4.911 per share or a total of $2,707,179.