R. HORACE JOHNSON - Corporate Board Profile

INVESTORS TITLE CO

Filing Date	Source Excerpt
2005-04-21	R. Horace Johnson retired in 2004 as managing partner of the Raleigh, North Carolina office of Ernst and Young, a public accounting firm, where he had been employed since 1967. During this period, Mr. Johnson served in many firm leadership roles including serving as the managing partner for the North Carolina practice for three years and on the operating committee of the Carolinas practice for five years. He also maintained an active client service role during the 25 years he served as partner. Mr. Johnson serves on the Board of Directors of Wilmington Pharmaceuticals, LLC, a pharmaceutical development company, and he also serves on the Board of the following non-profit corporations: North Carolina Citizens for Business and Industry, NC Museum of History Associates, Wake Education Partnership, Council for Entrepreneurial Development, Carolina Country Club. Mr. Johnson was recommended for election to the Board of Directors of the Company by an executive officer, other than the Chief Executive Officer, of the Company.
2006-04-11	R. Horace Johnson retired in 2004 as managing partner of the Raleigh, North Carolina office of Ernst and Young, a public accounting firm, where he had been employed since 1967. During this period, Mr. Johnson served in many firm leadership roles including serving as the managing partner for the North Carolina practice for three years and on the operating committee of the Carolinas practice for five years.
2007-04-17	The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. 2006 Director Compensation table shows R. Horace Johnson total compensation as $17,705.
2008-04-16	The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. The Audit Committee met eleven times in 2007. The Board of Directors has determined that each member of the Company's Audit Committee is “independent” as defined under applicable NASDAQ listing standards and SEC rules. The Board of Directors has also determined that all of the current Audit Committee members—Mr. Francis, Mr. Johnson and Mr. King—are “audit committee financial experts” as defined under applicable SEC rules. 2007 Director Compensation: R. Horace Johnson Fees Earned or Paid In Cash ($) 11,500, Stock Awards ($) 6,282, Total ($) 17,782.
2009-04-17	The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. The Audit Committee met nine times in 2008. The Board of Directors has determined that each member of the Company's Audit Committee is "independent" as defined under applicable NASDAQ listing standards and SEC rules. The Board of Directors has also determined that all of the current Audit Committee members—Mr. Francis, Mr. Johnson and Mr. King—are "audit committee financial experts" as defined under applicable SEC rules. 2008 Director Compensation table shows R. Horace Johnson earned $12,500 in fees and $6,434 in stock awards, totaling $18,934.
2010-04-06	The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. The Nominating Committee was composed of Mr. Francis, Mr. Hutson and Mr. Johnson. 2009 Director Compensation: R. Horace Johnson $16,588 total.
2011-04-18	R. Horace Johnson retired in 2004 as managing partner of the Raleigh, North Carolina office of Ernst and Young, a public accounting firm, where he had been employed since 1967. During this period, Mr. Johnson served in many firm leadership roles including serving as the managing partner for the North Carolina practice for three years and on the operating committee of the Carolinas practice for five years. He also maintained an active client service role during the 25 years he served as partner. During the past five years, Mr. Johnson has served on the Boards of Directors of Investors Title Company, TrustAtlantic Financial Corporation, a corporation formed to serve as a bank holding company, and on the Board of Directors of Wilmington Pharmaceuticals, LLC, a pharmaceutical development company. He also serves on the Board of the following non-profit corporations: The Council for Entrepreneurial Development, Coral Bay Club and Sphnix Club. Mr. Johnson also serves as a Member/Manager of Lucky 6, LLC, a private equity investment company. Mr. Johnson has extensive experience in public accounting, management and strategic planning.
2012-04-11	R. Horace Johnson retired in 2004 as managing partner of the Raleigh office of Ernst and Young... The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King.
2013-04-11	R. Horace Johnson retired in 2004 as managing partner of the Raleigh, North Carolina office of Ernst and Young, a public accounting firm, where he had been employed since 1967. In 2012, the Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. The Audit Committee met eleven times in 2012. The Board of Directors has determined that each member of the Company's Audit Committee is "independent" as defined under applicable NASDAQ listing standards and SEC rules. The Board of Directors has also determined that all of the current Audit Committee members—Mr. Francis, Mr. Johnson and Mr. King—are "audit committee financial experts" as defined under applicable SEC rules. The Nominating Committee was composed of Mr. Hutson, Mr. Johnson and Mr. Speed. The Nominating Committee met two times in 2012. The Board of Directors has determined that each member of the Company’s Nominating Committee is "independent" as defined under applicable NASDAQ listing standards. The following table shows the compensation earned by each non-employee director for 2012: R. Horace Johnson: $27,507.
2014-04-10	R. Horace Johnson retired in 2004 as managing partner of the Raleigh, North Carolina office of Ernst and Young, a public accounting firm, where he had been employed since 1967. During this period, Mr. Johnson served in many firm leadership roles including serving as the managing partner for the North Carolina practice for three years, as a member of the operating committee of the Carolinas practice for five years, and as managing partner of the Raleigh office for 17 years until his retirement. During the past five years, Mr. Johnson has served on the Boards of Directors of Investors Title Company, TrustAtlantic Financial Corporation, a corporation formed to serve as a bank holding company, and on the Board of Directors of Wilmington Pharmaceuticals, LLC, a pharmaceutical development company. He also serves on the Board of the following non-profit corporations: The Council for Entrepreneurial Development, Coral Bay Club and Sphinx Club. Mr. Johnson also serves as a Member/Manager of Lucky 6, LLC, a private equity investment company. Mr. Johnson has extensive experience in public accounting, management and strategic planning.
2015-04-14	The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. The following table shows the compensation earned by each non-employee director for 2014: R. Horace Johnson $38,494 total compensation.
2016-04-12	The Board of Directors has determined that the following directors and nominees for director are independent directors within the meaning of the applicable listing standards of The NASDAQ Stock Market LLC ("NASDAQ") and the Company’s Board of Directors Independence Standards: David L. Francis, Richard M. Hutson II, R. Horace Johnson, H. Joe King, Jr., James R. Morton, and James H. Speed, Jr. The Board of Directors Independence Standards can be found on the Company’s website at www.invtitle.com/investors-independence-standards. The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. The Audit Committee met ten times during fiscal 2015. During fiscal 2015, the Nominating Committee was composed of Mr. Speed, Mr. Hutson and Mr. Johnson. 2015 Director Compensation table shows R. Horace Johnson earned $41,960 in total.
2017-04-13	R. Horace Johnson retired in 2004 as managing partner of the Raleigh, North Carolina office of Ernst and Young LLC, a public accounting firm, where he had been employed since 1967. ... Mr. Johnson has extensive experience in public accounting, management and strategic planning. ... During fiscal 2016, the Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. ... The following table shows the compensation earned by each non-employee director for fiscal 2016: R. Horace Johnson 44,017.
2018-04-13	R. Horace Johnson retired as managing partner of Ernst and Young LLC... The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King... The 2017 Director Compensation table shows R. Horace Johnson earned $56,053 in total compensation.
2019-04-15	R. Horace Johnson retired in 2004 as managing partner of the Raleigh, North Carolina office of Ernst and Young LLC, a public accounting firm, where he had been employed since 1967. During this period, Mr. Johnson served in many firm leadership roles including serving as the managing partner for the North Carolina practice for three years, as a member of the operating committee of the Carolinas practice for five years, and as managing partner of the Raleigh office for 17 years until his retirement. During the past five years, Mr. Johnson has served on the Board of Directors of Investors Title Company. The Audit Committee was composed of Mr. Francis, Mr. Johnson and Mr. King. The Compensation Committee was composed of Mr. Hutson, Mr. Morton and Mr. Speed. The Nominating Committee was composed of Mr. Speed, Mr. Hutson and Mr. Johnson. The following table shows the compensation earned by each non-employee director for fiscal 2018: R. Horace Johnson total compensation $74,855.