RICHARD J. HARRISON - Corporate Board Profile

TRANSCAT INC

Filing Date	Source Excerpt
2007-07-11	Richard J. Harrison, age 62, is senior vice president-retail loan administration at Five Star Bank (the successor to the National Bank of Geneva), a position he has held since July 2003. From January 2001 through January 2003, he served as executive vice president and chief credit officer of the Savings Bank of the Finger Lakes. Prior to that, he served as an independent financial consultant (January 1999 through January 2000) and held senior executive management positions with United Auto Finance, Inc.; American Credit Services, Inc. (a subsidiary of Rochester Community Savings Bank); and Security Trust Company/Security New York State Corporation (now Fleet/Bank of America).
2008-07-08	Richard J. Harrison, age 62, is senior vice president-retail loan administration at Five Star Bank... The audit committee is also responsible for preparing the committee's report... The current members of the audit committee are Mr. Harrison (chair)... The board of directors has designated Mr. Harrison as an "audit committee financial expert"... The following table shows information regarding the compensation paid to our non-employee directors for their service during fiscal year 2008... Richard J. Harrison Fees Earned or Paid in Cash: $25,000, Option Awards: $3,228, Total: $28,228.
2009-07-24	Richard J. Harrison, age 64, is executive vice president-retail loan administration at Five Star Bank (the successor to the National Bank of Geneva and a wholly-owned subsidiary of Financial Institutions, Inc.), a position he has held since July 2003. The audit committee of the board of directors is currently comprised of four members of the board of directors, each of whom the board of directors has determined is independent under the independence standards of the Nasdaq Stock Market and applicable Securities and Exchange Commission rules. The audit committee has: Richard J. Harrison, Chair Francis R. Bradley Paul D. Moore Harvey J. Palmer. The table below presents information regarding the compensation paid to our non-employee directors for their service during fiscal year 2009. Richard J. Harrison Fees Earned or Paid in Cash $37,700 Option Awards $7,695 All Other Compensation $0 Total $45,395.
2010-07-23	Richard J. Harrison, age 65, is executive vice president-retail loan administration at Five Star Bank (the successor to the National Bank of Geneva and a wholly-owned subsidiary of Financial Institutions, Inc.), a position he has held since July 2003. From January 2001 through January 2003, he served as executive vice president and chief credit officer of the Savings Bank of the Finger Lakes, as well as a director from 1997 through 2000. Prior to that, he served as an independent financial consultant from January 1999 through January 2000 and held senior executive management positions with United Auto Finance, Inc., American Credit Services, Inc. (a subsidiary of Rochester Community Savings Bank), and Security Trust Company/Security New York State Corporation (now Fleet/Bank of America). Mr. Harrison also serves on the board of directors or as manager of several privately-held for profit and not-for-profit entities.
2011-07-22	Richard J. Harrison, age 66, is executive vice president-retail loan administration at Five Star Bank... Mr. Harrison's experience in analyzing complex financial transactions as well as his skills in credit, financial statement analysis and risk management qualify him as our audit committee financial expert... The current members of the audit committee are Mr. Harrison (chair)... 2011 Director Summary Compensation Table shows Richard J. Harrison earned $42,700 in fees.
2012-07-27	Richard J. Harrison, age 67, is executive vice president and senior retail lending administrator of Five Star Bank (a wholly-owned subsidiary of Financial Institutions, Inc.), a position he has held since July 2009. Mr. Harrison previously served as senior vice president and senior retail lending administrator of Five Star Bank from 2003 until 2009. From January 2001 through January 2003, he served as executive vice president and chief credit officer of the Savings Bank of the Finger Lakes, as well as a director from 1997 through 2000. Prior to that, he served as an independent financial consultant from January 1999 through January 2000 and held senior executive management positions with United Auto Finance, Inc., American Credit Services, Inc. (a subsidiary of Rochester Community Savings Bank), and Security Trust Company/Security New York State Corporation (now Fleet/Bank of America). Mr. Harrison also serves on the board of directors or as manager of several privately-held for profit and not-for-profit entities. The board of directors has determined that Mr. Harrison is independent under the independence standards of the Nasdaq Stock Market. He serves as chairman of the audit committee. For fiscal year 2012, Mr. Harrison received total compensation of $45,700.
2013-07-26	Richard J. Harrison, age 68, is executive vice president and chief operating officer of Five Star Bank (a wholly-owned subsidiary of Financial Institutions, Inc.), a position he has held since August 2012. Mr. Harrison previously served as executive vice president and senior retail lending administrator of Five Star Bank from 2009 until 2012. From 2003 until 2009, Mr. Harrison served as senior vice president of Five Star Bank and its predecessor The National Bank of Geneva. From January 2001 through January 2003, he served as executive vice president and chief credit officer of the Savings Bank of the Finger Lakes, as well as a director from 1997 through 2000. Prior to that, he held senior executive management positions with United Auto Finance, Inc., American Credit Services, Inc. (a subsidiary of Rochester Community Savings Bank), and Security Trust Company/Security New York State Corporation (now Fleet/Bank of America). Mr. Harrison also serves and has served on the board of directors or as manager of several privately-held for profit and not-for-profit entities.
2014-07-25	Richard J. Harrison Age: 69 Director since: 2004 Board Committee(s): Audit (Chairman) Governance and Nominating Committee ... 2014 Director Compensation Table Richard J. Harrison 65,000 Fees Earned or Paid in Cash 30,000 Non-Equity Incentive Plan Compensation Total 95,000
2015-07-23	Mr. Harrison has served as executive vice president and chief operating officer of Five Star Bank since August 2012. The board of directors has a standing audit, compensation, and corporate governance and nominating committee. The table below shows the number of meetings held during fiscal year 2015 and the names of the directors currently serving on each committee. Richard J. Harrison: Audit (Chairman), Governance and Nominating Committee. 2015 Director Compensation Table: Richard J. Harrison: Fees Earned or Paid in Cash $65,000, Incentive Plan Compensation $20,000, Total $85,000.
2016-07-21	Richard J. Harrison, age 71, Director since 2004. Board Committee: Audit. For fiscal year 2016, each of our non-employee directors was entitled to an annual cash retainer of $50,000 and a performance-based cash award with a target value of $20,000. The chairman of the audit committee was entitled to receive an additional $15,000 annual retainer. Based on the trading day average of $9.63 for fiscal year 2016, each non-employee director received a $20,000 performance-based payment for fiscal year 2016. Richard J. Harrison received $65,000 in fees earned or paid in cash and $20,000 in incentive plan compensation, totaling $85,000.
2017-07-27	Richard J. Harrison Age: 72 Board Committee: Director since: 2004 Audit Since November 2016, Mr. Harrison has served as Vice Chairman of MDO II (DealerDOCX)... The board of directors has designated Mr. Harrison as an "audit committee financial expert"... 2017 Director Compensation Table shows Richard J. Harrison Fees Earned or Paid in Cash $53,750, Incentive Plan Compensation $30,000, Total $83,750.
2018-07-26	Richard J. Harrison Age: 73 Board Committee: Director since: 2004 Audit ...The table below shows information about the compensation paid to our non-employee directors for their service during fiscal 2018. Richard J. Harrison $50,000 Fees Earned or Paid in Cash $0 Option Awards $30,000 Incentive Plan Compensation $80,000 Total
2019-07-25	Since November 2016, Mr. Harrison has served as vice chairman of MDO II (DealerDOCX), a document management company specializing in the retail automotive business. Mr. Harrison served as executive vice president and chief operating officer of Five Star Bank, a commercial bank, and its parent, Financial Institutions, Inc. (NASDAQ: FISI), from August 2012 until his retirement on March 31, 2016. Mr. Harrison previously served as executive vice president and senior retail lending administrator of Five Star Bank from 2009 until 2012. From 2003 until 2009, Mr. Harrison served as senior vice president of Five Star Bank and its predecessor, The National Bank of Geneva. He continues to provide consulting services for Five Star Bank. Based on the trading day average of $20.88 for fiscal 2019, each non-employee director received a $30,000 performance-based award for fiscal 2019, payable in 1,305 shares of our common stock calculated using the closing price of a share of our common stock on March 29, 2019 of $22.98. For fiscal 2019, each of our non-employee directors was entitled to an annual cash retainer of $50,000 and a performance-based award of $30,000. Mr. Harrison deferred $57,500 of his annual cash retainer and deposited such amount into our non-qualified deferred compensation plan.
2020-07-23	Richard J. Harrison Age: 75 Board Committee: Director since: 2004 Audit Executive Mr. Harrison deferred $60,000 of his fees and deposited such amount into our non-qualified deferred compensation plan.
2021-07-22	Richard J. Harrison, Age: 76, Board Committees: Compensation, Executive, Director since: 2004, Mr. Harrison has served as vice chairman of MDO II since November 2016. Mr. Harrison brings to the Board significant experience in analyzing complex financial transactions.
2022-07-21	Richard J. Harrison 77 Vice Chairman of MDO II CC, EC Fiscal 2022 Director Compensation Table Richard J. Harrison 60,000 50,000 – 110,000
2023-07-20	Richard J. Harrison* 78 Vice Chairman of MDO II CC, EC Fiscal 2023 Director Compensation Table: Fees Earned or Paid in Cash $60,000, Stock Awards $50,000, Total $110,000