RAYMOND V. DAMADIAN, M.D. - Corporate Board Profile

FONAR CORP

Filing Date	Source Excerpt
2001-03-21	Raymond V. Damadian, M.D. (age 65) has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001... Dr. Damadian receives no cash compensation for serving on the Board... Dr. Raymond V. Damadian, President, Chief Executive Officer and Chairman of the Board, is the only executive officer who is a member of the Board of Directors... Dr. Damadian participates in the determination of executive compensation for the Company's officers... The following table discloses compensation received for the three years ended June 30, 2000 by the Company's Chief Executive Officer... Raymond V. Damadian 2000 $86,799.97
2002-05-22	Raymond V. Damadian, M.D. (age 66) has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian received an M.D. degree in 1960 from Albert Einstein College of Medicine, New York, and a B.S. degree in mathematics from the University of Wisconsin in 1956. In addition, Dr. Damadian conducted post-graduate work at Harvard University, where he studied extensively in the fields of physics, mathematics and electronics. Dr. Damadian is a 1988 recipient of the National Medal of Technology and in 1989 was inducted into the National Inventors Hall of Fame, for his contributions in conceiving and developing the application of magnetic resonance technology to medical applications including whole body scanning and diagnostic imaging. Dr. Damadian is also the director, President and Treasurer of the Company's subsidiary, Health Management Corporation of America ("HMCA").
2003-05-14	Raymond V. Damadian, M.D. (age 67), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian receives no cash compensation for serving on the Board. The other directors are each paid $20,000 per year in their capacities as directors. The following table discloses compensation received for the three years ended June 30, 2002 by the Company's Chief Executive Officer. Name and Principal Position Raymond V. Damadian 2002 $86,799.96 0 0 0 Chairman of the; 2001 $86,799.96 0 0 0 Board; President; CEO, Director; 2000 $86,779.97 0 0 0
2004-05-04	Raymond V. Damadian, M.D. (age 68), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian ... Dr. Damadian receives no cash compensation for serving on the Board. ... The following table discloses compensation received for the three years ended June 30, 2003 by the Company's Chief Executive Officer. Name and Principal Position Annual Compensation Salary Other Awards All Other Position Year Salary Other Awards Compensation Raymond V. Damadian 2003 $86,799.96 0 0 0 Chairman of the; 2002 $86,799.96 0 0 0 Board; President; Chief Executive Officer; Director
2005-05-11	Raymond V. Damadian, M.D. (age 69), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian ... Dr. Damadian receives no cash compensation for serving on the Board. ... The following table discloses compensation received for the three years ended June 30, 2004 by the Company's Chief Executive Officer. Name and Principal Position Annual Compensation Salary Raymond V. Damadian 2004 $86,799.99 ... Chairman of the; Board; President; Chief Executive Officer; Director
2006-05-26	Raymond V. Damadian, M.D. (age 70), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian received an M.D. degree in 1960 from Albert Einstein College of Medicine, New York, and a B.S. degree in mathematics from the University of Wisconsin in 1956. In addition, Dr. Damadian conducted post-graduate work at Harvard University, where he studied extensively in the fields of physics, mathematics and electronics. Dr. Damadian is a 1988 recipient of the National Medal of Technology and in 1989 was inducted into the National Inventors Hall of Fame, for his contributions in conceiving and developing the application of magnetic resonance technology to medical applications including whole body scanning and diagnostic imaging. Dr. Damadian is also the director, President and Treasurer of the Company's subsidiary, Health Management Corporation of America ("HMCA"). Dr. Damadian receives no cash compensation for serving on the Board. The other directors are each paid $20,000 per year in their capacities as directors. The following table discloses compensation received for the three years ended June 30, 2005 by the Company's Chief Executive Officer. Name and Principal Position Annual Compensation Long-Term Awards Payouts All Other Compensation Raymond V. Damadian 2005 $86,799.98 0 0 0 Chairman of the; Board; President; Chief Executive Officer; Director
2007-03-21	Raymond V. Damadian, M.D. (age 70), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian received an M.D. degree in 1960 from Albert Einstein College of Medicine, New York, and a B.S. degree in mathematics from the University of Wisconsin in 1956. In addition, Dr. Damadian conducted post-graduate work at Harvard University, where he studied extensively in the fields of physics, mathematics and electronics. Dr. Damadian is a 1988 recipient of the National Medal of Technology and in 1989 was inducted into the National Inventors Hall of Fame, for his contributions in conceiving and developing the application of magnetic resonance technology to medical applications including whole body scanning and diagnostic imaging. Dr. Damadian is also the director, President and Treasurer of the Company's subsidiary, Health Management Corporation of America ("HMCA"). Dr. Damadian receives no cash compensation for serving on the Board.
2008-10-08	Raymond V. Damadian, M.D. (age 72), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian receives no cash compensation for serving on the Board. Dr. Damadian, who also has voting control of the Company and serves as Chairman of the Board and President, participates in the determination of executive compensation for the Company's officers. Dr. Damadian's compensation consists only of a salary, which has remained at consistent modest levels to conserve funds. The Summary Compensation Table shows total compensation of $90,087.83 for fiscal 2008.
2010-05-19	Raymond V. Damadian, M.D. (age 74), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian receives no cash compensation for serving on the Board. The other directors are each paid $20,000 per year in their capacities as directors. This is the sole compensation payable to the directors. The following table discloses compensation received for the three years ended June 30, 2009 by the Company's Principal Executive Officer and Principal Financial Officer. Raymond V. Damadian receives compensation which consists only of a salary, which has remained at modest levels to conserve funds. Salary for 2009 was $71,870.46.
2011-04-08	Raymond V. Damadian, M.D. (age 75), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian receives no cash compensation for serving on the Board.
2012-05-10	Raymond V. Damadian, M.D. (age 76), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. ... Dr. Damadian receives no compensation for serving on the Board. ... The following table shows the compensation paid to the Directors for fiscal 2011 ... With the exception of Dr. Damadian who receives no compensation for serving as a director, each director is entitled to receive $20,000 per annum for his or her services as a director of the Company, including service on any committee of the Board of Directors. No other fees are paid to the directors for their services as directors of the Company. ... The following table discloses compensation received for the three years ended June 30, 2011 by the Company's Principal Executive Officer and Principal Financial Officer. ... 2011 $35,934.29 0 0 0 0 $35,934.29
2013-05-14	Raymond V. Damadian, M.D. (age 77), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. Dr. Damadian receives no compensation for serving on the Board.
2014-05-09	Raymond V. Damadian, M.D. (age 78), a nominee for Director, has been the Chairman of the Board and President of FONAR since its inception and Treasurer since February, 2001. ... Dr. Damadian receives no compensation for serving on the Board. ... The following table discloses compensation received for the three years ended June 30, 2013 by the Company’s Principal Executive Officer and Principal Financial Officer. ... Raymond V. Damadian ... Total $36,111.30 ... Dr. Damadian, who does not receive any fees for serving as a director.
2015-05-06	Raymond V. Damadian, M.D. has been the Chairman of the Board and President of Fonar since its inception in 1978 and Treasurer since February, 2001. Dr. Damadian receives no compensation for serving on the Board.
2016-04-29	Raymond V. Damadian, M.D. (age 80), has been the Chairman of the Board since its inception in 1978 and Treasurer since February, 2001. Up until February 11, 2016, Dr. Damadian also served as the President and Chief Executive Officer of Fonar. Dr. Damadian receives no compensation for serving on the Board.
2017-04-26	Raymond V. Damadian, M.D. has been the Chairman of the Board since its inception in 1978 and Treasurer since February, 2001. Up until February 11, 2016, Dr. Damadian also served as the President and Chief Executive Officer of Fonar.