PAUL F. MANLEY - Corporate Board Profile

WATSCO INC

Filing Date	Source Excerpt
2006-05-01	PAUL F. MANLEY has been a director since 1984. Mr. Manley served as Executive Director of the law firm of Holland & Knight from 1987 to 1991. ... During 2005, Messrs. Manley, Lopez, Moss and Sape were the members of the Audit Committee. ... During 2005, the members of the Compensation Committee were Messrs. Manley and Lopez. ... In connection with his role as Audit Committee Chairman, Mr. Manley received an annual fee of $100,000 in 2005 and is reimbursed for expenses associated with the performance of these activities. ... We pay each director who is not an employee a $1,000 fee for each meeting of the Board of Directors attended and reimburse directors for their expenses in connection with their activities as directors.
2007-04-27	Paul F. Manley has been a director since 1984. Mr. Manley served as Executive Director of the law firm of Holland & Knight from 1987 to 1991. From 1982 to 1987, Mr. Manley served as Vice President of Planning at Sensormatic Electronics Corporation. Prior to 1982, Mr. Manley served as the Managing Partner of the Miami office of Arthur Young & Company. During 2006, Messrs. Manley, Moss and Sape were the members of the Audit Committee. All Audit Committee members are independent as required by applicable listing standards of the New York Stock Exchange, American Stock Exchange, Sarbanes-Oxley Act of 2002 and applicable SEC rules. The committee held seven meetings during 2006. All Audit Committee members possess the required level of financial literacy as defined in the Audit Committee Charter and Mr. Manley, Chairman of the Audit Committee, qualifies as an "audit committee financial expert" as defined by applicable SEC rules and regulations and meets the current standard of requisite financial management expertise as required by NYSE, AMEX and applicable SEC rules and regulations. During 2006, the members of the Compensation Committee were Messrs. Manley and Lopez, which held four meetings. All members of the Compensation Committee are independent as defined by applicable listing standards of the NYSE, AMEX, Sarbanes-Oxley Act of 2002, and applicable SEC Rules. The Compensation Committee reviews and determines the compensation of our executive officers and reads and approves the Compensation Discussion and Analysis included in this Proxy Statement. It also administers with respect to our executive officers our 2001 Incentive Compensation Plan and Employee Stock Purchase Plan. The Compensation Committee operates under a formal charter that governs its duties and conduct. The Compensation Committee complies with applicable NYSE, AMEX and SEC rules and regulations. A copy of the Charter is attached to this proxy statement as Appendix B and is also available on the Company’s website www.watsco.com. The Charter is available in print to any shareholder who requests it in writing to the Company’s Investor Relations department at Watsco, Inc., Investor Relations, 2665 South Bayshore Drive, Suite 901, Coconut Grove, FL 33133. The directors do not have any compensation associated with stock awards, non-equity incentive plan or "other" compensation, therefore such columns are excluded from the following table.
2008-04-29	PAUL F. MANLEY has been a director since 1984. Mr. Manley has been retired since serving as Executive Director of the law firm of Holland & Knight from 1987 to 1991. ... During 2007, Messrs. Manley, Moss and Sape and Dr. Dickins were the members of the Audit Committee. ... During 2007, the members of the Compensation Committee were Messrs. Manley, Lopez and Moss which held five meetings. ... In connection with his role as Audit Committee Chairman, Mr. Manley received an annual fee of $100,000 in 2007 and is reimbursed for expenses associated with the performance of these activities.
2009-05-08	During 2008, Messrs. Manley and Sape and Dr. Dickins were the members of the Audit Committee. In connection with his role as Audit Committee Chairman, Mr. Manley received an annual fee of $100,000 in 2008 and is reimbursed for expenses associated with the performance of these activities. During 2008, the members of the Compensation Committee were Messrs. Manley and Moss.
2010-04-30	Paul F. Manley, 73, has been retired since serving as Executive Director of the law firm of Holland & Knight from 1987 to 1991. Mr. Manley was elected to the Board in 1984 and is the Co-Chairperson of the Audit Committee and Chair of the Compensation Committee. Mr. Manley received an annual fee of $40,500 for his role as Audit Committee Co-Chairperson and $9,000 for his role as Chairman of the Compensation Committee.
2011-04-29	Paul F. Manley, 74, has been retired since serving as Executive Director of the law firm of Holland & Knight from 1987 to 1991. Mr. Manley was elected to the Board in 1984 and is the Co-Chairperson of the Audit Committee and Chair of the Compensation Committee. The following table sets forth the total compensation received by our non-employee directors for 2010. Mr. Manley received annual fees of $52,250 and was reimbursed for expenses associated with the performance of his duties, totaling $56,250.
2012-04-30	Paul F. Manley, 75, has been retired since serving as Executive Director of the law firm of Holland & Knight from 1987 to 1991. Mr. Manley was elected to the Board in 1984 and is the Co-Chairperson of the Audit Committee and Chair of the Compensation Committee. His total compensation for 2011 was $59,000.
2013-04-22	Paul F. Manley, 76, has been retired since serving as Executive Director of the law firm of Holland & Knight from 1987 to 1991. Mr. Manley was elected to the Board in 1984 and is the Co-Chairperson of the Audit Committee and Chair of the Compensation Committee. Additionally, Mr. Manley serves as our lead independent director. ... The following table sets forth the total compensation received by our non-employee directors for 2012. Paul F. Manley Fees Earned or Paid in Cash $59,000, Option Awards $0, Total $59,000.
2014-04-17	Paul F. Manley, 77, has been retired since serving as Executive Director of the law firm of Holland & Knight from 1987 to 1991. Mr. Manley was elected to the Board in 1984 and is the Co-Chairperson of the Audit Committee and Chair of the Compensation Committee. Mr. Manley serves as our lead independent director. The following table sets forth the total compensation received by our non-employee directors for 2013. Paul F. Manley Fees Earned or Paid in Cash $59,000 Total $59,000.
2015-04-16	Paul F. Manley, 78, has been retired since serving as Executive Director of the law firm of Holland & Knight. Mr. Manley was elected to the Board in 1984 and is the Co-Chairperson of the Audit Committee and Chair of the Compensation Committee. Additionally, Mr. Manley serves as our lead independent director. ... The following table sets forth the total compensation received by our non-employee directors for 2014. Paul F. Manley $59,000.
2016-04-29	Paul F. Manley has been a director since 1984. ... Mr. Manley is the Co-Chairperson of the Audit Committee and a member of the Compensation Committee. ... The following table sets forth the total compensation received by our non-management directors for 2015. Paul F. Manley $59,000.