RICHARD M. HOROWITZ - Corporate Board Profile

TRIO-TECH INTERNATIONAL

Filing Date	Source Excerpt
2001-10-26	Mr. Horowitz, age 60, has served as a Director of Trio-Tech since 1990. He has been President of Management Brokers Insurance Agency since 1974. He also serves as Chairman of Leviathan Corporation, computer sales, consulting and software company, and is Chairman of Dial 800, Inc., a national telecommunication company. The Board has a standing Compensation Committee, which currently consists of S.W. Yong, Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson. The Board has a standing Audit Committee, which currently consists of William L. Slover, Jason T. Adelman and Richard M. Horowitz. During Fiscal 2001, the following non-employee directors, currently consisting of Messrs. Horowitz, Slover, and Adelman, each received quarterly fees in an amount equal to $1,500 for each quarter in which they attended a Board meeting and an annual fee of $5,000.
2002-10-24	Mr. Horowitz, age 61, has served as a Director of Trio-Tech since 1990. He has been President of Management Brokers Insurance Agency since 1974. He also serves as Chairman of Leviathan Corporation, computer sales, consulting and software company, and is Chairman of Dial 800, Inc., a national telecommunication company. The Board has a standing Compensation Committee, which currently consists of S.W. Yong, Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson. The Board has a standing Audit Committee, which currently consists of William L. Slover, Jason T. Adelman and Richard M. Horowitz. During Fiscal 2002, the following non-employee directors, currently consisting of Messrs. Horowitz, Slover, and Adelman, each received quarterly fees in an amount equal to $1,500 for each quarter in which they attended a Board meeting and an annual fee of $5,000.
2003-10-21	Mr. Horowitz, age 62, has served as a Director of Trio-Tech since 1990. ... The Board has a standing Compensation Committee, which currently consists of all of the directors, namely S. W. Yong, Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson. ... The Board has a standing Audit Committee, which currently consists of A. Charles Wilson, Chairman, and Jason T. Adelman and Richard M. Horowitz. ... During the fiscal year ended June 2003, Messrs. Horowitz and Adelman, as non-employee directors, each received quarterly fees in an amount equal to $1,500 for each quarter in which they attended a Board meeting and an annual fee of $5,000.
2004-10-25	Mr. Horowitz, age 64, has served as a Director of Trio-Tech since 1990. He has been President of Management Brokers Insurance Agency since 1974. He also serves as Chairman of Dial 800, Inc., a national telecommunication company. Mr. Horowitz holds a Masters Degree in Business Administration from Pepperdine University. During the fiscal year ended June 30, 2004, Messrs. Horowitz and Adelman, as non-employee directors, each received quarterly fees in an amount equal to $1,500 for each Board meeting attended and $1,000 for each Audit Committee meeting attended, and an annual fee of $5,000.
2005-10-21	During the fiscal year ended June 30, 2005, Messrs. Horowitz and Adelman, as non-employee directors, each received quarterly fees in an amount equal to $1,500 for each Board meeting attended and $1,000 for each Audit Committee meeting attended, and an annual fee of $5,000. The Compensation Committee meeting is usually held following the Audit Committee meeting. Hence, no additional fees are paid to the committee members for attendance thereat.
2006-10-25	Mr. Horowitz has served as a Director of Trio-Tech since 1990. He has been President of Management Brokers Insurance Agency since 1974. He also serves as Chairman of Dial 800, Inc., a national telecommunications company. Mr. Horowitz holds a Masters Degree in Business Administration from Pepperdine University. The Board has a standing Compensation Committee, which currently consists of three independent directors, namely Messrs. Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson, Chairman. The Compensation Committee determines salary and bonus arrangements. The Compensation Committee met four times during the past fiscal year. The Board has a separately designed standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. The members thereof consist of Messrs. Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson, Chairman. The Board of Directors has determined that the Audit Committee has at least one financial expert, namely A. Charles Wilson. The Board of Directors has affirmatively determined that Mr. Wilson does not have a material relationship with the Company that would interfere with the exercise of independent judgment and is "independent" as independence is defined in Section 121(A) of the listing standards of the American Stock Exchange. Pursuant to its written charter, which charter was adopted by the Board of Directors, the Audit Committee is charged with, among other responsibilities, selecting our independent public accountants, reviewing our annual audit and meeting with our independent public accountants to review planned audit procedures. The Audit Committee also reviews with the independent public accountants and management the results of the audit, including any recommendations of the independent public accountants for improvements in accounting procedures and internal controls. The Audit Committee held five meetings during the fiscal year ended June 30, 2006. Each of the members of the Audit Committee satisfies the independence standards specified in Section 121(A) of the AMEX listing standards and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. During the fiscal year ended June 30, 2006, Messrs. Horowitz and Adelman, as non-employee directors, each received quarterly fees in an amount equal to $1,500 for each Board meeting attended and $1,000 for each Audit Committee meeting attended, and an annual fee of $5,000. The Compensation Committee meeting is usually held following the Audit Committee meeting. Hence, no additional fees are paid to the committee members for attendance thereat. On September 22, 2005, the Compensation Committee approved the payment of the following bonuses to all the directors based on the sale of the Ireland property. Richard M. Horowitz Director One-time fixed payment of $40,000.
2007-10-24	Richard M. Horowitz and Jason Adelman, as non-employee directors, received quarterly fees in an amount equal to $2,500 for each of the three quarters in which he attended Board and/or Committee meetings, and an annual fee of $5,000. On July 16, 2007, the Committee reviewed the Company’s overall performance and, in recognition of directors’ contributions, it was determined to give a cash bonus of $20,000 to each of Richard Horowitz and Jason Adelman. The following table contains information on compensation for our non-employee members of our Board of Directors during 2007. Richard M. Horowitz: Total ($) 32,500.
2008-10-23	During the fiscal year ended June 30, 2008, Richard M. Horowitz and Jason Adelman, as non-employee directors, received quarterly fees in an amount equal to $4,000 for each of the three quarters in which he attended Board and/or Committee meetings, and a fee of $2,000 for service on the various committees on which he is a member. The following table contains information on compensation for our non-employee members of our Board of Directors during fiscal 2008. Richard M. Horowitz: Total $69,500.
2009-10-28	Mr. Horowitz has served as a Director of Trio-Tech since 1990. He has been President of Management Brokers Insurance Agency since 1974. He also serves as Chairman of Dial 800, Inc., a national telecommunications company. He is the international president of Aish HaTorah. Mr. Horowitz holds a Masters Degree in Business Administration from Pepperdine University. The Compensation Committee, which currently consists of the three independent directors, namely Messrs. Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson, Chairman. The Audit Committee members consist of Messrs. Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson, Chairman. During the fiscal year ended June 30, 2009, Richard M. Horowitz and Jason Adelman, as non-employee directors, received quarterly fees in an amount equal to $2,000 for each of the three quarters in which he attended Board and/or Committee meetings, and a fee of $2,000 for service on the various committees on which he is a member. The following table contains information on compensation for our non-employee members of our Board of Directors during fiscal 2009. Richard M. Horowitz (3) Fees Earned or Paid in Cash ($) 8,000 Option Awards ($)(1) 44,800 Total ($) 52,800.
2010-10-28	During the fiscal year ended June 30, 2010, Richard M. Horowitz and Jason Adelman, as non-employee directors, received quarterly fees in an amount equal to $2,000 for the first quarter in which they attended Board and/or Committee meetings, $5,000 for the second and the third quarter in which they attended Board and/or Committee meetings and a fee of $5,000 for service on the various committees on which they are a member.
2011-10-17	During the fiscal year ended June 30, 2011, Richard M. Horowitz and Jason Adelman, as non-employee directors, received quarterly fees in an amount equal to $5,000 for the first and second quarter in which they attended Board and/or Committee meetings and for service on the various committee meetings of which they are a member, $7,500 for the third and the fourth quarter in which they attended Board and/or Committee meetings and for service on the various committee meetings of which they are a member. The following table contains information on compensation for our non-employee members of our Board of Directors during fiscal 2011. Richard M. Horowitz (3) Fees Earned or Paid in Cash ($): 25,000 Option Awards ($)(1): 67,500 Total ($): 92,500
2012-10-19	Richard M. Horowitz and Jason Adelman, as non-employee directors, received quarterly fees in an amount equal to $7,500 for each quarter in which they attended Board and/or Committee meetings and for service on the various committee meetings of which they are a member. The following table contains information on compensation for our non-employee members of our Board of Directors during fiscal 2012. Richard M. Horowitz (3) Fees Earned or Paid in Cash ($) 30,000 Option Awards ($)(1) 13,875 Total ($) 43,875
2013-10-25	Richard M. Horowitz, as a non-employee director, received quarterly fees of $7,500 for each quarter in which he attended Board and/or Committee meetings. On March 18, 2013, he was granted an option to purchase 5,000 shares of Common Stock. The total compensation for fiscal year ended June 30, 2013 was $35,550.
2014-10-24	Mr. Horowitz has served as a director of Trio-Tech since 1990. He has been President of Management Brokers Inc. Mr. Horowitz holds a Master’s Degree in Business Administration from Pepperdine University. The Board has a standing Compensation Committee, which currently consists of the three independent directors, namely Messrs. Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson, Chairman. The Compensation Committee determines salary and bonus arrangements. The Compensation Committee met 3 times during the fiscal year ended June 30, 2014. The Board has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. The members thereof consist of Messrs. Jason T. Adelman, Richard M. Horowitz and A. Charles Wilson, Chairman. The Board of Directors has determined that the Audit Committee has at least one financial expert, namely A. Charles Wilson. During the fiscal year ended June 30, 2014, Richard M. Horowitz and Jason Adelman, as non-employee directors, received quarterly fees in an amount equal to $7,500 for each quarter in which they attended Board and/or Committee meetings and for service on the various committee meetings of which they are a member. The following table contains information on compensation for our non-employee members of our Board of Directors for the fiscal year ended June 30, 2014. DIRECTOR COMPENSATION Name Fees Earned or Paid in Cash ($) Option Awards ($)(1) Total ($) Richard M. Horowitz (3) 30,000 36,100 66,100
2015-10-27	Richard M. Horowitz and Jason T. Adelman, as non-employee directors, received quarterly fees in an amount equal to $7,500 for each quarter in which they attended Board and/or Committee meetings and for service on the various committee meetings of which they are a member. The following table contains information on compensation for our non-employee members of our Board of Directors for the fiscal year ended June 30, 2015. Richard M. Horowitz (3) Fees Earned or Paid in Cash ($): 30,000, Option Awards ($): 47,625, Total ($): 77,625.
2016-10-11	Richard M. Horowitz, age 75, President of Management Brokers Insurance, Inc. He serves on the Audit Committee and Compensation Committee. He received quarterly fees of $7,500 per quarter and option awards totaling $43,250. Total compensation for fiscal year ended June 30, 2016 was $73,250.
2017-10-16	During the fiscal year ended June 30, 2017, Richard M. Horowitz and Jason T. Adelman, as non-employee directors, received quarterly fees in an amount equal to $7,500 for each quarter and for service on the various committees of which they are a member. The following table contains information on compensation for our non-employee members of our Board of Directors for the fiscal year ended June 30, 2017. Richard M. Horowitz: Fees Earned or Paid in Cash ($) 30,000, Option Awards ($) 15,500, Total ($) 45,500.
2019-10-24	Richard M. Horowitz, age 78, Director. Member of Audit Committee and Compensation Committee. Received quarterly fees of $8,750 per quarter and option awards. Total compensation for fiscal year ended June 30, 2019 was $54,800.
2020-10-27	During the fiscal year ended June 30, 2020, Richard M. Horowitz, as non-employee director, received quarterly fees in an amount equal to $9,000 for each quarter and for service on the various committees of which he is a member. The following table contains information on compensation for our non-employee members of our Board of Directors for the fiscal year ended June 30, 2020. Richard M. Horowitz received $36,000 in fees earned or paid in cash and $20,200 in option awards, totaling $56,200.
2021-10-20	Richard M. Horowitz, age 80, President of Management Brokers, Inc. He is an independent director. He received quarterly fees of $9,000 per quarter for service on the Board and committees. Total compensation for fiscal year ended June 30, 2021 was $71,800.
2022-10-20	Mr. Horowitz has served as a director of the Company since 1990. ... Richard M. Horowitz, as non‑employee director, received quarterly fees in an amount equal to $9,000 for each quarter and for service on the various committees of which they are a member. ... DIRECTOR COMPENSATION table shows total compensation of $106,600 for Fiscal 2022.
2023-10-27	Richard M. Horowitz has served as a director of the Company since 1990. He is a member of the Audit Committee and Compensation Committee. During Fiscal 2023, Richard M. Horowitz, as a non‑employee director, received quarterly fees equal to $9,000 for each quarter and for service on the various committees. Total compensation was $78,600.
2024-10-28	Mr. Horowitz has served as a director of the Company since 1990. He has been the President of Management Brokers Insurance, Inc. since 1974. Mr. Horowitz holds a Master’s Degree in Business Administration from Pepperdine University. The Board has a standing Nominating and Corporate Governance Committee, which currently consists of the two independent directors: Richard M. Horowitz, and Jason T. Adelman. Mr. Horowitz currently serves as Chairman of the Nominating and Corporate Governance Committee. The Board has a standing Compensation Committee, which currently consists of the two independent directors: Richard M. Horowitz and Jason T. Adelman. The Compensation Committee met four times during Fiscal 2024. The Board has a separately designated a standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Exchange Act, the members of which consist of Jason T. Adelman and Richard M. Horowitz. Mr. Horowitz currently serves as the Chairman of the Audit Committee. The following table contains information on compensation for our non-employee members of our Board for Fiscal 2024. Richard M. Horowitz, as non‑employee director, received quarterly fees in an amount equal to $12,000 for each quarter and for service on the various committees of which they are a member. The directors were also reimbursed for out-of-pocket expenses incurred in attending meetings. On January 16, 2024, pursuant to the 2017 Directors Plan, Mr. Horowitz was granted an option to purchase 35,000 shares of Common Stock at an exercise price of $5.01 per share. The option vested immediately upon grant and will terminate five years from the date of grant unless terminated sooner upon termination of the optionee’s status as a director or otherwise pursuant to the 2017 Directors Plan. The following table contains information on compensation for our non-employee members of our Board for Fiscal 2024. Richard M. Horowitz received $45,000 in fees earned or paid in cash and $77,000 in option awards, totaling $122,000.