MICHAEL J. DEGEN - Corporate Board Profile

NORTECH SYSTEMS INC

Filing Date	Source Excerpt
2001-04-11	The directors received no monetary compensation for their services as directors during the last fiscal year. Messrs. Degen and Perkins each received options to purchase 2,000 shares at $3.125 per share, the closing price per share of the Company's common stock on the date of grant.
2002-04-08	Michael J. Degen, 57, Director. The directors received no monetary compensation for their services as directors during the last fiscal year. Members of the Audit Committee: Michael J. Degen, Richard W. Perkins, C. Trent Riley.
2003-04-08	Michael J. Degen Age: 58 Position: President and Chief Executive Officer and Director The following table shows, for the fiscal years ended December 31, 2002, 2001 and 2000, the cash compensation paid by the Company, as well as certain other compensation paid or accrued for those years, to the Company's chief executive officer, and each of the other executive officers whose total annual compensation in 2002 exceeded $100,000. Michael J. Degen President, Chief Executive Officer and Director(1) 2002 Salary($) 104,712 Bonus($) 67,242 Long-Term Compensation Awards Options(#) 0 All Other Compensation ($)(2) 0 (1) Mr. Degen was elected President and Chief Executive Officer effective May 1, 2002. Prior to that date he was not employed by the company.
2004-04-15	Michael J. Degen 59 President and Chief Executive Officer and Director ... The following table shows, for the fiscal years ended December 31, 2003, 2002 and 2001, the cash compensation paid by the Company, as well as certain other compensation paid or accrued for those years, to the Company's chief executive officer, and each of the other executive officers whose total annual compensation in 2003 exceeded $100,000. ... Michael J. Degen President, Chief Executive Officer and Director(1) 2003 174,990 24,500 50,000 0
2005-03-31	Michael J. Degen Age: 60 Position: President and Chief Executive Officer and Director The following table shows, for the fiscal year ended December 31, 2004, the cash and non-cash compensation paid to Michael J. Degen, President, Chief Executive Officer and Director: Salary $174,990, Bonus $31,500, Options 0, All Other Compensation 0.
2006-04-04	Michael J. Degen Age: 62 Position: President and Chief Executive Officer and Director Compensation: Salary $184,880 + Bonus $31,500 = $216,380 Gender: male (he/his pronouns implied by Mr. title and traditional male name) Committees: None mentioned
2007-04-02	Michael J. Degen Age: 63 Position: President and Chief Executive Officer and Director From 1998 until his retirement on December 31, 2000, Mr. Degen was the Managing Director, Worldwide Operations, of The Toro Company. He has been a director of the Company since May 1998, and was elected President and Chief Executive Officer of the Company on May 1, 2002.
2008-03-31	Michael J. Degen 64 President, Chief Executive Officer and Director The table below shows the compensation of the Company's Chief Executive Officer and each of the other two most highly compensated executive officers for services to the Company in 2007. Michael J. Degen, Chief Executive Officer(1) 2007 Salary: 270,787 Stock Awards: 14,266 Option Awards: 46,484 Non-Equity Incentive Plan Compensation: 38,517 All Other Compensation: 58,100 Total: 428,154
2009-05-01	Michael J. Degen, 65, President, Chief Executive Officer and Director
2010-03-30	Michael J. Degen, 66, President, Chief Executive Officer and Director. The 2009 director compensation table shows no fees paid in cash, stock awards, or option awards for Mr. Degen, indicating no separate director compensation. The 2009 Summary Compensation Table shows his total compensation as $317,296.
2011-03-29	Michael J. Degen, 67, President, Chief Executive Officer and Director
2012-03-28	Michael J. Degen 68 President, Chief Executive Officer and Director
2013-03-28	2012 DIRECTOR COMPENSATION table shows Michael J. Degen is CEO and Director, age 69, with total director compensation $26,000 not explicitly stated but inferred from other directors' compensation table.
2014-04-14	Michael J. Degen 70 Executive Chairman of the Board of Directors
2015-03-24	Michael J. Degen 71 Chairman of the Board of Directors ... On January 1, 2014, he was appointed executive chairman of the Board of Directors. Effective January 1, 2015, he became a consultant to the Company and Chairman of the Board. ... 2014 DIRECTOR COMPENSATION ... Michael Degen (2) ... On January 1, 2014, Mr. Degen became Executive Chairman pursuant to an amendment to his employment agreement. He received the following compensation under this agreement in 2014: (a) prorated base salary of $148,923; (b) expense related to Mr. Degen's equity appreciation rights, $116,586; and (c) other income of $31,627, including amounts paid under the Executive Life Insurance Plan, reimbursement for health insurance costs and other benefits set forth under the amendment to Mr. Degen's employment agreement dated November 5, 2014.