MICHAEL H. WINER - Corporate Board Profile

TEJON RANCH CO

Filing Date	Source Excerpt
2012-03-29	In 2011, non-employee directors received an annual retainer of $45,000 payable in common stock in arrears, quarterly, based on the closing price of the Companys common shares at each quarter end. Michael H. Winer received $45,000 in fees earned or paid in cash in 2011.
2013-03-28	Mr. Winer has been employed by Third Avenue Management LLC since May 1994. ... Mr. Winer has served as a director of Newhall Holding Company LLC since 2008. ... Mr. Winer is a member of the Executive Committee, Audit Committee, Real Estate Committee, Nominating Committee, and Investment Policy Committee. ... In 2012, non-employee directors received an annual retainer of $45,000 payable in common stock in arrears, quarterly, based on the closing price of the Company's common shares at each quarter end. ... Mr. Winer received $45,000 in cash fees in 2012.
2014-03-28	Mr. Winer has been employed by Third Avenue Management LLC since May 1994. ... The current members of the standing committees are set forth below: Michael H. Winer Audit Committee, Compensation Committee, Real Estate Committee, Investment Policy Committee, Nominating and Corporate Governance Committee.
2015-03-30	Mr. Winer has been employed by Third Avenue Management LLC since May 1994. He is a senior member of the investment team. Mr. Winer has managed the Third Avenue Real Estate Value Fund since its inception in September 1998. Mr. Winer has served as a director of Newhall Holding Company LLC since 2009 and as a director of 26900 Newport Inc. since 1998. He retired as a director of Real Mortgage Systems Inc. in November 2009. Mr. Winer received a B.S. degree in accounting from San Diego State University and was formerly a certified public accountant in California. Our Board believes that Mr. Winer’s investment industry background and specifically his experience with real estate investing make him very qualified to serve as a director on our Board. Directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock in arrears, based on the closing price of the Company’s common shares at each quarter end. The Chairman of each of the Audit, Compensation, and Real Estate Committees received an annual retainer of $15,000 payable in common stock. Mr. Winer’s total compensation was $90,880.
2016-03-31	Michael H. Winer Mr. Winer has been employed by Third Avenue Management LLC (or its predecessor) since May 1994. He is a senior member of the investment team. Mr. Winer has managed the Third Avenue Real Estate Value Fund since its inception in September 1998. Mr. Winer has served as a director of Newhall Holding Company LLC since 2009 and as a director of 26900 Newport Inc. since 1998. He retired as a director of Real Mortgage Systems Inc. in November 2009. Mr. Winer received a B.S. degree in accounting from San Diego State University and was formerly a certified public accountant in California. Our Board believes that Mr. Winer's investment industry background and specifically his experience with real estate investing make him very qualified to serve as a director on our Board. Director Compensation in Fiscal Year 2015 In 2015, non-employee directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock in arrears, based on the closing price of the Company's common shares at each quarter end. In addition, the Chairman of the Board received an annual retainer of $25,000 payable in common stock, and the Chairman of each of the Audit, Compensation, Real Estate Committees, and Nominating and Corporate Governance Committee received an annual retainer of $15,000 payable in common stock. Directors affiliated with a person or entity owning 10% or more of the Company's total shares outstanding could elect to receive their entire annual retainer in cash. Directors are not paid any fees for board or committee meeting attendance. During 2012, the Compensation Committee approved stock retention guidelines for non-employee directors; the target retention value is five times the value of the annual director retainer. Michael H. Winer Fees Earned or Paid in Cash ($) 98,280 Total ($) 98,280
2017-03-30	Mr. Winer has been employed by Third Avenue Management LLC since May 1994. Our Board believes that Mr. Winers investment industry background and specifically his experience with real estate investing make him very qualified to serve as a director. He serves as Chairman of the Compensation Committee and is a member of the Executive, Audit, and Real Estate Committees.
2018-03-28	Mr. Winer has been employed by the Third Avenue Management (or its predecessor) since May 1994. The Third Avenue Real Estate Value Fund is an open-end mutual fund that invests in the securities of publicly-traded real estate and real estate-related companies in developed countries by adhering to a strict value-investing approach. Mr. Winer retired on February 28, 2018 and will thereafter have no affiliation with Third Avenue Management LLC. From 2009 through 2016, Mr. Winer served as a director of Newhall Holding Company LLC. In 2016, Newhall merged with two other California master-planned communities. Since the merger in May 2016, Mr. Winer has served as a director of the merged entity, Five Point Holdings LLC, where he is the Chair of the Compensation Committee and serves on the Audit Committee and Nominating and Corporate Governance Committee. He also has served as a director of 26900 Newport Inc. since 1998. Since 2016, Mr. Winer has been a member of the Board of Trustees of two not-for-profit organizations: The Pacific Legal Foundation and the Future Citizens Foundation (dba The First Tee of Monterey County). Mr. Winer received a B.S. degree in accounting from San Diego State University and is a certified public accountant in California, inactive. Our Board believes that Mr. Winer's investment industry background and specifically his experience with real estate investing make him very qualified to serve as a director on our Board.
2019-03-28	Mr. Winer was employed as a senior investment manager by Third Avenue Management... Our Board believes that Mr. Winer's investment industry background and specifically his experience with real estate investing make him very qualified to serve as a director. Audit Committee member. Director compensation: $96,436 in stock awards in 2018.
2021-04-02	Mr. Winer was employed as a senior investment manager by Third Avenue Management LLC (or its predecessor) from 1994 through 2018, when he retired. Mr. Winer managed The Third Avenue Real Estate Value Fund, an open-end mutual fund that invests in the securities of publicly traded real estate and real estate-related companies in developed countries, by adhering to a strict value-investing approach. Mr. Winer has no continuing affiliation with Third Avenue Management LLC or the Third Avenue Real Estate Value Fund. From 2009 through 2016, Mr. Winer served as a director of Newhall Holding Company LLC. In 2016, Newhall merged with two other California master-planned communities. Since the merger in May 2016, Mr. Winer has served as a director of the merged entity, Five Point Holdings LLC, where he is the Chair of the Compensation Committee and serves on the Audit Committee and Nominating and Corporate Governance Committee. He also has served as a director of private company 26900 Newport Inc. since 1998. Since 2016, Mr. Winer has been a member of the Board of Trustees of two not-for-profit organizations: The Pacific Legal Foundation (from which he resigned in September of 2018) and the Future Citizens Foundation (dba The First Tee of Monterey County). Mr. Winer received a B.S. degree in accounting from San Diego State University and is a certified public accountant in California (inactive). Our Board believes that Mr. Winer's investment industry background and specifically, his experience with real estate investing, make him very qualified to serve as a director on our Board.
2022-03-28	In 2021, non-employee directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock or a combination of common stock and cash. Common stock is paid in arrears, based on the closing price of the Companys common shares at each quarter end. In addition, the Chairman of the Board received an annual retainer of $25,000 payable in common stock, and the Chairman of each of the Audit, Compensation, Real Estate, and Nominating and Corporate Governance Committees received an annual retainer of $15,000 payable in common stock. Directors affiliated with a person or entity owning 10% or more of the Companys total shares outstanding could elect to receive their entire annual retainer in cash. Directors are not paid any fees for board or committee meeting attendance. The Compensation Committee has approved stock retention guidelines for non-employee directors; the target retention value is five times the value of the annual director retainer or $150,000. All directors meet the stock retention guidelines except for directors elected to the Board in 2021. Michael H. Winer received $30,000 in cash fees and $62,201 in stock awards, totaling $92,201 in 2021.
2023-03-29	In 2022, non-employee directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock or a combination of common stock and cash. Michael H. Winer received $30,000 in fees earned or paid in cash and $61,749 in stock awards for a total of $91,749 in 2022.
2024-03-28	Mr. Winer was employed as a senior investment manager by Third Avenue Management LLC.