MICHAEL S. CHADWICK - Corporate Board Profile

BLUE DOLPHIN ENERGY CO

Filing Date	Source Excerpt
2001-11-29	Michael S. Chadwick - Director - Mr. Chadwick has been engaged in the commercial and investment banking businesses since 1975. From 1988 to 1994, Mr. Chadwick was President of Chadwick, Chambers & Associates, Inc., a private merchant and investment banking firm in Houston, Texas, which he founded in 1988. In 1994, Mr. Chadwick joined Sanders Morris Harris, an investment banking and financial advisory firm, as Senior Vice President and a Managing Director in the Corporate Finance Group. Mr. Chadwick holds a Bachelor of Arts Degree in Economics from the University of Texas at Austin and a Master of Business Administration Degree from Southern Methodist University. In fiscal 2000 the Company paid to non-employee members of the Board of Directors an annual retainer of $3,000, plus $500 for each committee served on, and stock options as determined by the compensation committee. In 2001, the annual retainer was increased to $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an annual retainer of $3,000 and other Audit Committee members receive an annual retainer of $1,500. In addition, directors shall receive stock options based upon a market value of $20,000 of the underlying shares. No additional remuneration is paid to directors for committee meetings attended, except that directors are entitled to be reimbursed for expenses related to attendance of board or committee meetings. The Audit Committee consisting of Messrs. Siem, Barbanell and Chadwick, met three times during the last fiscal year. The Audit Committee's duties include overseeing the Company's financial reporting and internal control functions. In May 2001, Mr. Wagner was elected to the Audit Committee in place of Mr. Siem.
2002-04-16	Michael S. Chadwick - Director - Mr. Chadwick has been engaged in the commercial and investment banking businesses since 1975. From 1988 to 1994, Mr. Chadwick was President of Chadwick, Chambers & Associates, Inc., a private merchant and investment banking firm in Houston, Texas, which he founded in 1988. In 1994, Mr. Chadwick joined Sanders Morris Harris, an investment banking and financial advisory firm, as Senior Vice President and a Managing Director in the Corporate Finance Group. Mr. Chadwick holds a Bachelor of Arts Degree in Economics from the University of Texas at Austin and a Master of Business Administration Degree from Southern Methodist University. In fiscal 2001, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an annual retainer of $3,000 and other Audit Committee members receive an annual retainer of $1,500. In addition, directors received stock options based upon a market value of $20,000 of the underlying shares. No additional remuneration is paid to directors for committee meetings attended, except that directors are entitled to be reimbursed for expenses related to attendance of board or committee meetings. At the beginning of 2001, the Audit Committee consisted of Messrs. Barbanell, Siem and Chadwick.
2003-04-16	Michael S. Chadwick - Director - Mr. Chadwick has been engaged in the commercial and investment banking businesses since 1975... Mr. Chadwick has served as a director of the Company since 1992. At the beginning of 2002, the Audit Committee consisted of Mr. Robert L Barbanell and Messrs. Wagner and Chadwick. After Mr. Barbanell's resignation in February 2002, Mr. Wagner was elected as Chairman of the Audit Committee. In fiscal 2002, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an annual retainer of $3,000 and other Audit Committee members receive an annual retainer of $1,500. In addition, each director received stock options to acquire an aggregate market value of $20,000 of the underlying shares.
2004-10-13	Michael S. Chadwick - Director - Mr. Chadwick has been engaged in the commercial and investment banking businesses since 1975. ... In May 2003, the Board of Directors elected Messers. Chadwick, Trimble and Siem to serve as the Compensation Committee. ... At the beginning of 2003, the Audit Committee consisted of Mr. Robert D. Wagner, Jr. and Mr. Chadwick. ... The Audit Committee met five times during the last fiscal year.
2005-04-20	At the beginning of 2004, the Audit Committee consisted of Messrs. Chadwick, Kaffie and Trimble. In September 2004, the Board of Directors appointed Messrs. Benz, Chadwick, and Trimble to serve as the Audit Committee. At the beginning of 2004, the Compensation Committee consisted of Messrs. Chadwick, Siem and Trimble. In September 2004, the Board of Directors elected Messers. Kaffie, Parker and Siem to serve as the Compensation Committee. In fiscal year 2004, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an additional annual retainer of $3,000 and other Audit Committee members receive an additional annual retainer of $1,500.
2006-04-27	Michael S. Chadwick - Director - Mr. Chadwick has been engaged in the commercial and investment banking businesses since 1975. ... At the beginning of 2005, the Audit Committee consisted of Messrs. Benz, Chadwick and Trimble. ... In fiscal year 2005, the Company paid to non-employee members of the Board of Directors an annual retainer of $12,000, payable 50% in cash and 50% in Common Stock. The Audit Committee chairman receives an additional annual retainer of $3,000 and other Audit Committee members receive an additional annual retainer of $1,500.