MARC H. MCCONNELL - Corporate Board Profile

ARTS WAY MANUFACTURING CO INC

Filing Date	Source Excerpt
2002-03-13	MARC H. McCONNELL, age 22, Bath, New York. President of Babcock Co., Inc., Bath, New York since June 2001. Prior to that time attended Cornell University's School of Industrial & Labor Relations at Ithaca, New York. Mr. McConnell was appointed to Board of Directors July 2001.
2003-03-24	MARC H. McCONNELL, age 23, Bath, New York. President of Babcock Co., Inc., Bath, New York since June 2001. Prior to that time attended Cornell University's School of Industrial & Labor Relations at Ithaca, New York. Mr. McConnell was appointed to Board of Directors July 2001. Member of the Audit Committee. Each director, other than the Chairman of the Board, who is not an employee of the Company or a subsidiary, receives $4,500 per year plus $900 for attendance at each of the meetings of the Board, as well as $788 for attendance at each meeting of a standing committee on which he serves.
2004-03-01	MARC H. McCONNELL, age 24, Bath, New York. President of Babcock Co., Inc., Bath, New York since July 2001. Prior to that time attended Cornell University's School of Industrial & Labor Relations at Ithaca, New York. Mr. McConnell was appointed to Board of Directors July 2001. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee and attendance fees.
2005-03-10	MARC H. McCONNELL, age 25, Bath, New York. President of Babcock Co., Inc., Bath, New York since July 2001. Prior to that time attended Cornell University's School of Industrial & Labor Relations at Ithaca, New York. Mr. McConnell was appointed to Board of Directors July 2001. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee or attendance fees.
2006-03-09	MARC H. McCONNELL, age 27, Greenville, North Carolina. President of Babcock Co., Inc., Bath, New York since July 2001. President of Bauer Corporation of Wooster, Ohio since 2004. Director of Mountain Aircraft Services of Kinston, North Carolina since 2003. Director of the American Ladder Institute since 2004. Mr. McConnell was appointed to Board of Directors in July 2001. He is the son of J. Ward McConnell. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee or attendance fees.
2007-03-23	MARC H. McCONNELL, age 28, Greenville, North Carolina. President of Babcock Co., Inc., Bath, New York since July 2001. President of Bauer Corporation of Wooster, Ohio since 2004. Director of Mountain Aircraft Services of Kinston, North Carolina since 2003. Director of the American Ladder Institute since 2004. Mr. McConnell was appointed to Board of Directors in July 2001. He is the son of J. Ward McConnell. ... Effective April 26, 2006, each director, other than the Chairman of the Board, receives $20,000 per year for service as a director, with no committee or attendance fees.
2008-03-20	Effective as of February 1, 2008, the Board of Directors determined that our Executive Chairman of the Board, J. Ward McConnell, Jr., will receive $150,000 for fiscal year 2008 and will continue to be eligible to receive a discretionary bonus. Additionally, Marc H. McConnell, who was named Executive Vice Chairman in January 2008, will receive $48,000 for fiscal year 2008. No other adjustments to the current director compensation policy have been made for fiscal year 2008 at this time. Our directors received the following compensation during the 2007 fiscal year: ... Marc H. McConnell 20,000 fees earned or paid in cash, 1,650 stock option awards, total 21,650.
2009-03-26	Marc H. McConnell, Executive Vice Chairman of the Board, Director, Age 30. Mr. McConnell has served as President of Babcock Co., Inc., of Bath, New York since July 2001. He has also served as President of Bauer Corporation of Wooster, Ohio since 2004 and as a director of Mountain Aircraft Services of Kinston, North Carolina since 2003. He has served as a director of the American Ladder Institute since 2004 and was named president of the American Ladder Institute in 2006. Mr. McConnell is also vice president of Adamson Global Technology Corporation, of Chester, Virginia, a manufacturer of steel tanks, heat exchangers, and pressure vessels, a position he has held since 2005. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007. Mr. McConnell was appointed to the Board of Directors in July 2001 and has served as Executive Vice Chairman of the Board of Directors since January of 2008. He is the son of our Executive Chairman and director, J. Ward McConnell, Jr., and currently resides in Greenville, North Carolina. For fiscal year 2008, our Executive Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer fee of $51,498 for fiscal year 2008. Director Compensation Table for Fiscal Year 2008: Marc H. McConnell Fees Earned or Paid in Cash $51,498, Stock Option Awards $8,300, All Other Compensation $0, Total Compensation $59,798.
2010-03-26	Marc H. McConnell, Executive Vice Chairman of the Board, Director, Age 31. Mr. McConnell has served as President of Babcock Co., Inc., of Bath, New York since July 2001. He has also served as President of Bauer Corporation of Wooster, Ohio since 2004 and as a director of Mountain Aircraft Services of Kinston, North Carolina since 2003. He has served as a director of the American Ladder Institute since 2004 and was named president of the American Ladder Institute in 2006. Mr. McConnell is also vice president of Adamson Global Technology Corporation, of Chester, Virginia, a manufacturer of steel tanks, heat exchangers, and pressure vessels, a position he has held since 2005. Mr. McConnell was appointed to Art’s-Way Board of Directors in July 2001 and has served as Executive Vice Chairman of the Board of Directors since January of 2008. He is the son of our Executive Chairman and director, J. Ward McConnell, Jr., and currently resides in Greenville, North Carolina. For fiscal year 2009, our Executive Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer fee of $58,000 for fiscal year 2009. Director Compensation Table for Fiscal Year 2009: Marc H. McConnell Fees Earned or Paid in Cash $58,000, Stock Option Awards $3,120, Total Compensation $61,120.
2011-03-25	Marc H. McConnell, Executive Vice Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and a director of McConnell Holdings, Inc. and Mountain Aircraft Services, Inc. all companies owned by J. Ward McConnell, Jr. He has served as a director of the American Ladder Institute since 2004 and was named president of the American Ladder Institute in 2006. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007. Mr. McConnell is currently a Vice Chairman of West Town Savings Bank, located in Chicago, Illinois, since 2009. Mr. McConnell was appointed to the Company’s Board of Directors in July 2001 and has served as Executive Vice Chairman of the Board of Directors since January of 2008. He is the son of our Executive Chairman and director, J. Ward McConnell, Jr., and currently resides in Greenville, North Carolina. For fiscal year 2010, each director, other than the Executive Chairman of the Board and Executive Vice Chairman of the Board, received annual compensation totaling $30,000. Our Executive Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer fee of $150,000 for fiscal year 2010. Our Executive Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer fee of $58,000 for fiscal year 2010. In January 2011, the Board of Directors also approved discretionary cash bonuses of $100,000 and $15,000 to J. Ward McConnell, Jr. and Marc H. McConnell, respectively, in recognition of services rendered and Company performance during fiscal 2010. Director Compensation Table for 2010 Fiscal Year shows Marc H. McConnell total compensation as $85,360.
2012-03-26	Our Chairman of the Board, J. Ward McConnell, Jr., received a cash retainer fee of $150,000 for fiscal year 2011. Our Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer fee of $70,000 for fiscal year 2011. In January 2012, the Board of Directors also approved discretionary cash bonuses of $61,875 and $20,640 to J. Ward McConnell, Jr. and Marc H. McConnell, respectively, in recognition of services rendered and Company performance during fiscal 2011. Director Compensation Table for 2011 Fiscal Year... Marc H. McConnell 90,640 (3) 17,280 0 107,920
2013-03-25	Marc H. McConnell, Vice Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and a director of McConnell Holdings, Inc. and Mountain Aircraft Services, Inc., all companies owned by J. Ward McConnell, Jr. Mr. McConnell is also currently Chairman of West Town Savings Bank, located in Chicago, Illinois, and has served as a director since 2009. He has served as a director of the American Ladder Institute since 2004 and served as President from 2006-2010. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007 and currently serves as the Association’s 1st Vice President. Mr. McConnell was appointed to the Company’s Board in July 2001 and has served as Vice Chairman of the Board since January 2008. He is the son of our Chairman and director, J. Ward McConnell, Jr., and currently resides in Kinston, North Carolina. Our Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer of $80,000 fiscal year 2012. For fiscal year 2012, the Vice Chairman of the Board received incentive compensation of $31,200. Director Compensation Table for 2012 Fiscal Year shows total compensation of $113,720.
2014-03-25	Marc H. McConnell, Vice Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and a director of McConnell Holdings, Inc. and Mountain Aircraft Services, Inc., all companies owned by J. Ward McConnell, Jr. Mr. McConnell is also currently Chairman of West Town Savings Bank, located in Chicago, Illinois, and has served as a director of that bank since 2009. He has served as a director of the American Ladder Institute since 2004 and served as President from 2006-2010. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007 and currently serves as the Association’s President. Mr. McConnell was appointed to the Company’s Board in July 2001 and has served as Vice Chairman of the Board since January 2008. He is the son of our Chairman and director, J. Ward McConnell, Jr., and currently resides in Kinston, North Carolina. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell’s involvement and experience in the farm equipment manufacturing industry, particularly in leadership positions with similarly situated companies, contribute to his ability to understand the challenges and opportunities facing the Company and to guide its long-term strategies. The Vice Chairman of the Board, Marc. H. McConnell, received a cash retainer of $85,000 fiscal year 2013. For fiscal year 2013, the Vice Chairman of the Board received incentive compensation of $15,471.
2015-03-25	Marc H. McConnell, Vice Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and the Vice Chairman of McConnell Holdings, Inc., both companies owned by J. Ward McConnell, Jr. Mr. McConnell is also the Vice President of Adamson Global Technology Corporation, a subsidiary of McConnell Holdings, Inc. Mr. McConnell further serves as the Chairman of West Town Bank and Trust, located in Chicago, Illinois, and has served as a director of that bank since 2009. He has served as a director of the American Ladder Institute since 2004 and served as President from 2006-2010. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007 and served as the Association’s President from 2013 to 2014. Mr. McConnell was appointed to the Company’s Board in July 2001 and has served as Vice Chairman of the Board since January 2008. He is the son of our Chairman and director, J. Ward McConnell, Jr., and currently resides in Kinston, North Carolina. Director Compensation Table for 2014 Fiscal Year: Marc H. McConnell Fees Earned or Paid in Cash ($): 89,250, Option Awards ($): 2,366, Total Compensation ($): 91,616.
2016-03-28	Mr. McConnell was appointed to the Company’s Board in July 2001 and served as Vice Chairman of the Board from January 2008-April 2015, at which time he became our Chairman.
2017-03-28	Mr. McConnell was appointed to the Company’s Board in July 2001 and served as Vice Chairman of the Board from January 2008 to April 2015, at which time he became our Chairman. The Chairman and Vice Chairman of the Board received cash retainers and were eligible for incentive compensation for the Company’s fiscal 2016 performance, as discussed above under “Executive Compensation,” and the Chairman received an equity award. Marc H. McConnell received a cash retainer of $267,750 for fiscal year 2016, 9,000 shares of restricted stock for which risks of forfeiture lapsed as to 3,000 shares on each January 29, 2017 and will lapse as to 3,000 shares on each of January 29, 2018 and January 29, 2019, and was eligible to receive maximum incentive compensation of $200,812, which represented 75% of his cash retainer. 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 Chairman and Vice Chairman of the Board did not receive a payout of incentive compensation based on the Company’s fiscal 2016 performance.
2018-03-26	Marc H. McConnell, Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and the Vice Chairman of McConnell Holdings, Inc., both companies owned by J. Ward McConnell, Jr. Mr. McConnell is also the Vice President of Adamson Global Technology Corporation, a subsidiary of McConnell Holdings, Inc. Mr. McConnell further serves as the Chairman of the Board, Chairman of the Audit Committee, Chairman of the Executive Committee and member of the Asset-Liability and Loan Committees of West Town Bancorp, located in Raleigh, North Carolina, and has served as a director of West Town Bancorp since 2009. He is also the Chairman of the Board and Chairman of the Audit Committee of West Town Bank and Trust, located in Chicago, Illinois, and has served as Chairman of the Board, Chairman of the Audit Committee, chair of the Executive Committee and member of the Asset-Liability and Loan Committees of Sound Bank, located in Morehead City, North Carolina. Mr. McConnell has served as a director of the American Ladder Institute since 2004 and served as its President from 2006-2010. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007, served as its President from 2013 to 2014 and served as its Treasurer from October 2015 to October 2016. Mr. McConnell was appointed to our Board in July 2001 and served as Vice Chairman of the Board from January 2008 to April 2015, at which time he became our Chairman. He is the son of our Vice Chairman and director, J. Ward McConnell, Jr., and currently resides in Kinston, North Carolina. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell’s involvement and experience in the farm equipment manufacturing industry, particularly in leadership positions with similarly situated companies, contribute to his ability to understand the challenges and opportunities facing the Company and to guide its long-term strategies. Director Compensation Table for Fiscal Year 2017: Marc H. McConnell received a cash retainer of $267,750 for fiscal year 2017, 12,000 shares of restricted stock for which risks of forfeiture lapsed as to 4,000 shares on January 27, 2018 and will lapse as to 4,000 shares on each of January 27, 2019 and January 27, 2020, and was eligible to receive maximum incentive compensation of $200,812, which represented 75% of his cash retainer. He also held 9,000 shares of restricted stock previously granted to him by the Board on January 29, 2016, for which risks of forfeiture lapsed as to 3,000 shares on each of January 29, 2017 and January 29, 2018 and will lapse as to 3,000 shares on January 29, 2019. Total compensation for fiscal year 2017 was $309,859.
2019-03-15	Marc H. McConnell, Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and the Vice Chairman of McConnell Holdings, Inc., both companies owned by J. Ward McConnell, Jr. Mr. McConnell is also the Vice President of Adamson Global Technology Corporation, a subsidiary of McConnell Holdings, Inc. Mr. McConnell further serves as the Chairman of the Board, Chairman of the Audit Committee, Chairman of the Executive Committee and member of the Asset-Liability and Loan Committees of West Town Bancorp, located in Raleigh, North Carolina, and has served as a director of West Town Bancorp since 2009. He is also the Chairman of the Board and Chairman of the Audit Committee of West Town Bank and Trust, located in Chicago, Illinois, and has served as Chairman of the Board, Chairman of the Audit Committee, Chairman of the Executive Committee and member of the Asset-Liability and Loan Committees of Sound Bank, located in Morehead City, North Carolina. Mr. McConnell has served as a director of the American Ladder Institute since 2004 and served as its President from 2006 to 2010. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007, served as its President from 2013 to 2014 and served as its Treasurer from October 2015 to October 2016. Mr. McConnell was appointed to our Board in July 2001 and served as Vice Chairman of the Board from January 2008 to April 2015, at which time he became our Chairman. He is the son of our Vice Chairman and director, J. Ward McConnell, Jr., and currently resides in Kinston, North Carolina. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell’s involvement and experience in the farm equipment manufacturing industry, particularly in leadership positions with similarly situated companies, contribute to his ability to understand the challenges and opportunities facing the Company and to guide its long-term strategies. Director Compensation Table for Fiscal Year 2018: Marc H. McConnell received a cash retainer of $267,750 and stock awards of $42,520, totaling $310,270.
2020-03-17	Mr. McConnell was appointed to our Board in July 2001 and served as Vice Chairman of the Board from January 2008 to April 2015, at which time he became our Chairman. He is the son of our Vice Chairman and director, J. Ward McConnell, Jr., and currently resides in Kinston, North Carolina. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell’s involvement and experience in the farm equipment manufacturing industry, particularly in leadership positions with similarly situated companies, contribute to his ability to understand the challenges and opportunities facing the Company and to guide its long-term strategies. ... Mr. McConnell further serves as the Chairman of the Board, Chairman of the Audit Committee, Chairman of the Executive Committee of West Town Bancorp, located in Raleigh, North Carolina, and has served as a director of West Town Bancorp since 2009. He is also the Chairman of the Board and Chairman of the Audit Committee of West Town Bank and Trust, located in Chicago, Illinois, and has served as Chairman of the Board, Chairman of the Audit Committee, Chairman of the Executive Committee of Sound Bank, located in Morehead City, North Carolina. In May 2019 Mr. McConnell began serving as a director of Dogwood State Bank in Raleigh, North Carolina. Mr. McConnell has served as a director of the American Ladder Institute since 2004 and served as its President from 2006 to 2010. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007, served as its President from 2013 to 2014 and served as its Treasurer from October 2015 to October 2016. ... Director Compensation Table for Fiscal Year 2019: Marc H. McConnell Fees Earned or Paid in Cash ($): 276,750 Stock Awards ($): 32,990 Total ($): 309,740.
2021-03-17	Marc H. McConnell, Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and the Vice Chairman of McConnell Holdings, Inc., both companies owned by J. Ward McConnell, Jr. Mr. McConnell is also the Vice President of Adamson Global Technology Corporation, a subsidiary of McConnell Holdings, Inc. Mr. McConnell further serves as the Chairman of the Board, Chairman of the Audit Committee, Chairman of the Executive Committee of West Town Bancorp, located in Raleigh, North Carolina, and has served as a director of West Town Bancorp since 2009. He is also the Chairman of the Board and Chairman of the Audit Committee of West Town Bank and Trust, located in Chicago, Illinois, and has served as Chairman of the Board, Chairman of the Audit Committee, Chairman of the Executive Committee of Sound Bank, located in Morehead City, North Carolina. In May 2019 Mr. McConnell began serving as a director of Dogwood State Bank in Raleigh, North Carolina. Mr. McConnell has served as a director of the American Ladder Institute since 2004 and served as its President from 2006 to 2010. Mr. McConnell was also named a director of the Farm Equipment Manufacturers Association in October 2007, served as its President from 2013 to 2014 and served as its Treasurer from October 2015 to October 2016. Mr. McConnell was appointed to our Board in July 2001 and served as Vice Chairman of the Board from January 2008 to April 2015, at which time he became our Chairman. He is the son of our Vice Chairman and director, J. Ward McConnell, Jr., and currently resides in Kinston, North Carolina. Among other attributes, skills, and qualifications, the Board believes that Mr. McConnell’s involvement and experience in the farm equipment manufacturing industry, particularly in leadership positions with similarly situated companies, contribute to his ability to understand the challenges and opportunities facing the Company and to guide its long-term strategies. Director Compensation Table for Fiscal Year 2020: Marc H. McConnell received a cash retainer of $294,500 and stock awards of $34,560, totaling $329,060.
2022-03-14	Marc H. McConnell, Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and McConnell Holdings, Inc. ... He was appointed to our Board in July 2001 and served as Vice Chairman of the Board from January 2008 to April 2015, at which time he became our Chairman. ... The Board has determined that Marc McConnell is not independent due to his receipt of payments from the Company as compensation for services he provides as Chairman of the Board. ... Marc McConnell received a cash retainer of $267,750 for fiscal year 2021, received 20,000 shares of restricted stock ... and was eligible to receive maximum incentive compensation of $200,812, which represented 75% of his cash retainer. ... Director Compensation Table for Fiscal Year 2021: Marc H. McConnell Fees Earned or Paid in Cash ($) 287,500, Stock Awards ($) 75,200, Total ($) 362,700.
2023-03-15	Marc H. McConnell, Chairman of the Board, Director. Mr. McConnell is currently the President of Bauer Corporation and McConnell Holdings, Inc. ... Mr. McConnell was appointed to our Board in July 2001 and served as Vice Chairman of the Board from January 2008 to April 2015, at which time he became our Chairman. ... The Board has determined that Marc McConnell is not independent due to his receipt of payments from the Company as compensation for services he provides as Chairman of the Board. ... During fiscal year 2022, Marc McConnell, the Chairman of the Board, received a cash retainer of $267,750 for fiscal year 2022 (paid in monthly installments) and received 25,000 shares of restricted stock ... Mr. McConnell did receive a discretionary bonus of $30,000 in recognition of the strategic development of the Company. ... Director Compensation Table for Fiscal Year 2022: Marc H. McConnell: Total ($) 392,710.
2024-03-15	During fiscal year 2023, Marc McConnell, the Chairman of the Board, received a cash retainer of $267,750 for fiscal year 2023 (paid in monthly installments) and received 25,000 shares of restricted stock for which risks of forfeiture lapsed as to 8,334 shares on January 26, 2024 and will lapse as to 8,333 shares on each of January 26, 2025 and January 26, 2026. Mr. McConnell was also eligible to receive maximum incentive compensation of $200,812, which represented 75% of his cash retainer. Mr. McConnell did not receive a payout of incentive compensation based on the Company’s fiscal year 2023 performance; however, he did receive a discretionary bonus of $15,000 in recognition of the strategic development of the Company. The retainer payable to Mr. McConnell will remain the same for fiscal year 2024.
2025-03-14	Marc H. McConnell, Chairman, Director, President and Chief Executive Officer. In addition to his roles with the Company, Mr. McConnell is currently the President of Bauer Corporation and McConnell Holdings, Inc.