THOMAS E. BUFFAMANTE - Corporate Board Profile

ARTS WAY MANUFACTURING CO INC

Filing Date	Source Excerpt
2003-03-24	THOMAS E. BUFFAMANTE, age 50, Olean, New York. Certified Public Accountant and President of Buffamante Whipple Buttafaro, P.C., where he has been a director and shareholder of the firm since 1981. Each director, other than the Chairman of the Board, who is not an employee of the Company or a subsidiary, receives $4,500 per year plus $900 for attendance at each of the meetings of the Board, as well as $788 for attendance at each meeting of a standing committee on which he serves.
2004-03-01	THOMAS E. BUFFAMANTE, age 51, Olean, New York. Certified Public Accountant and President of Buffamante Whipple Buttafaro, P.C., where he has been a director and shareholder of the firm since 1981. Mr. Buffamante has been a director since 2003. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee and attendance fees.
2005-03-10	THOMAS E. BUFFAMANTE, age 52, Olean, New York.. Certified Public Accountant and President of Buffamante Whipple Buttafaro, P.C., where he has been a director and shareholder of the firm since 1981. Mr. Buffamante has been a director since 2003. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee or attendance fees.
2006-03-09	THOMAS E. BUFFAMANTE, age 53, Olean, New York. Certified Public Accountant and President of Buffamante Whipple Buttafaro, P.C., where he has been a director and shareholder of the firm since 1981. Mr. Buffamante has been a director since 2003. ... Effective April 24, 2003, each director, other than the Chairman of the Board, receives $12,000 per year with no committee or attendance fees.
2007-03-23	THOMAS E. BUFFAMANTE, age 54, Olean, New York. Certified Public Accountant and President of Buffamante Whipple Buttafaro, P.C., where he has been a director and shareholder of the firm since 1981. Mr. Buffamante has been a director since 2003. ... Effective April 26, 2006, each director, other than the Chairman of the Board, receives $20,000 per year for service as a director, with no committee or attendance fees.
2008-03-20	The Company’s Audit Committee is comprised of David R. Castle, Douglas McClellan and Fred W. Krahmer, all of whom have been determined by the Board of Directors to be independent under the definition of “independence” provided by NASDAQ Rules 4200 and 4350(d). The Board has determined that Mr. Castle is an “audit committee financial expert” as defined by applicable SEC regulations. The Audit Committee held six meetings during the 2007 fiscal year. ... The members of the Compensation and Stock Option Committee are David R. Castle, Fred W. Krahmer and Douglas McClellan, all of whom are independent within the definition of “independence” provided by NASDAQ’s Corporate Governance Rule 4200. ... Our directors received the following compensation during the 2007 fiscal year: Thomas E. Buffamante 20,000 fees earned or paid in cash, 1,650 stock option awards, total 21,650.
2009-03-26	Thomas E. Buffamante, Director, Age 56. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and shareholder of the firm since 1981. Mr. Buffamante has been a director since 2003 and currently resides in Great Valley, New York. Director Compensation Table for Fiscal Year 2008: Thomas E. Buffamante Fees Earned or Paid in Cash $25,833, Stock Option Awards $8,300, All Other Compensation $0, Total Compensation $34,133.
2010-03-26	Thomas E. Buffamante, Director, Age 57. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and shareholder of the firm since 1981. Mr. Buffamante has been a director since 2003 and currently resides in Great Valley, New York. Director Compensation Table for Fiscal Year 2009: Thomas E. Buffamante Fees Earned or Paid in Cash $30,000, Stock Option Awards $3,120, Total Compensation $33,120.
2011-03-25	THOMAS E. BUFFAMANTE, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder of the firm since 1981. Mr. Buffamante has been a director since 2003 and was appointed to our Audit Committee on March 21, 2011. He currently resides in Great Valley, New York. The Audit Committee members are David R. Castle (Chairman), Douglas McClellan, Fred W. Krahmer, and Thomas E. Buffamante, all of whom have been determined by the Board of Directors to be independent. Director Compensation Table for 2010 Fiscal Year shows Thomas E. Buffamante total compensation as $42,360.
2012-03-26	Mr. Buffamante has been a director since 2003 and was appointed to our Audit Committee on March 21, 2011. Following the 2012 Annual Meeting, Mr. Buffamante will serve as Chairman of the Audit Committee. Director Compensation Table for 2011 Fiscal Year... Thomas E. Buffamante 30,000 17,280 0 47,280
2013-03-25	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder of the firm since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. Director Compensation Table for 2012 Fiscal Year shows total compensation of $35,853.
2014-03-25	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder of the firm since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. He currently resides in Great Valley, New York. Among other attributes, skills, and qualifications, the Board believes that Mr. Buffamante is qualified to serve as a director in light of his ability to understand generally accepted accounting principles, internal control over financial reporting, and disclosure controls and procedures, his experience in analyzing and evaluating financial statements, and his ability to provide oversight with regard to tax filings, tax accruals, and other tax matters. The Chairman of the Audit Committee, Thomas E. Buffamante, received an additional cash retainer of $5,000. For fiscal year 2013, each director, other than the Chairman of the Board and Vice Chairman of the Board, received annual compensation totaling $30,000; however, the compensation paid to Fred W. Krahmer was prorated to $12,500, and the compensation paid to David R. Castle was prorated to $27,500, to reflect, respectively, the portions of the year each served on the Board.
2015-03-25	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder of the firm since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. He currently resides in Great Valley, New York. Director Compensation Table for 2014 Fiscal Year: Thomas E. Buffamante Fees Earned or Paid in Cash ($): 35,000, Option Awards ($): 2,366, Total Compensation ($): 37,366.
2016-03-28	Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012.
2017-03-28	Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. During the 2016 fiscal year, each director, other than the Chairman of the Board and the Vice Chairman of the Board, was entitled to receive a $30,000 cash retainer for his service as a director during the fiscal year, with no committee or attendance fees pursuant to this plan. The Chairpersons of the Audit Committee and the Compensation Committee were each entitled to receive an additional cash retainer of $5,000 per fiscal year. The fees in the table below reflect that directors Thomas E. Buffamante, David R. Castle, Joseph R. Dancy, and David A. White have elected to reduce by 20% their cash retainers for service as a director and any additional cash retainer for serving as a Chairperson. The retainer reductions are voluntary, were in effect throughout fiscal 2016, and will remain in place until such time as the directors say otherwise.
2018-03-26	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder of the firm since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. He currently resides in Great Valley, New York. Among other attributes, skills, and qualifications, the Board believes that Mr. Buffamante is qualified to serve as a director in light of his ability to understand generally accepted accounting principles, internal control over financial reporting, and disclosure controls and procedures, his experience in analyzing and evaluating financial statements, and his ability to provide oversight with regard to tax filings, tax accruals, and other tax matters. Director Compensation Table for Fiscal Year 2017: Thomas Buffamante received a cash retainer of $28,000 for fiscal year 2017 and was eligible to receive maximum incentive compensation of $5,000, which represented 20% of his cash retainer. Total compensation for fiscal year 2017 was $31,300.
2019-03-15	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. He currently resides in Great Valley, New York. Among other attributes, skills, and qualifications, the Board believes that Mr. Buffamante is qualified to serve as a director in light of his ability to understand generally accepted accounting principles, internal control over financial reporting, and disclosure controls and procedures, his experience in analyzing and evaluating financial statements, and his ability to provide oversight with regard to tax filings, tax accruals, and other tax matters. Director Compensation Table for Fiscal Year 2018: Thomas E. Buffamante received a cash retainer of $28,000 and stock awards of $13,240, totaling $41,240.
2020-03-17	Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. He currently resides in Great Valley, New York. Among other attributes, skills, and qualifications, the Board believes that Mr. Buffamante is qualified to serve as a director in light of his ability to understand generally accepted accounting principles, internal control over financial reporting, and disclosure controls and procedures, his experience in analyzing and evaluating financial statements, and his ability to provide oversight with regard to tax filings, tax accruals, and other tax matters. ... Director Compensation Table for Fiscal Year 2019: Thomas E. Buffamante Fees Earned or Paid in Cash ($): 28,800 Stock Awards ($): 10,190 Total ($): 38,190.
2021-03-17	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. He currently resides in Great Valley, New York. Director Compensation Table for Fiscal Year 2020: Thomas E. Buffamante received fees earned or paid in cash of $28,000 and stock awards of $10,810, totaling $38,810.
2022-03-14	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. ... Director Compensation Table for Fiscal Year 2021: Thomas E. Buffamante Fees Earned or Paid in Cash ($) 28,000, Stock Awards ($) 16,400, Total ($) 44,400.
2023-03-15	Thomas E. Buffamante, Director. Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C., where he has been a director and stockholder since 1981. Mr. Buffamante has been a director of the Company since 2003, was appointed to our Audit Committee in 2011, and has served as the Chairman of the Audit Committee since April 2012. ... During fiscal year 2022, Thomas E. Buffamante received fees earned or paid in cash of $28,000 and stock awards of $14,710, totaling $44,710.
2024-03-15	During fiscal year 2023, each director, other than the Chairman of the Board and Vice Chairman of the Board, was entitled to receive a $24,000 cash retainer for service as a director during the fiscal year, with no committee or attendance fees pursuant to this plan. The Chairmen of the Audit Committee and the Compensation Committee were each entitled to receive an additional cash retainer of $4,000 per fiscal year. Director retainers are paid quarterly in installments and are prorated to reflect a director who serves for less than a full fiscal year. Directors may, in accordance with certain timing parameters determined by the Board, elect to receive fully vested restricted common stock in lieu of the aforementioned cash retainers. Any such stock shall be issued under the Company’s 2020 Equity Incentive Plan or, if determined by the Board, an applicable successor plan approved by the Company’s stockholders. In addition, each director is reimbursed for out-of-pocket expenses to attend all Board meetings and perform other services as a Board member. Director compensation is reviewed annually, and adjustments may be adopted by the Board. During fiscal year 2023, Thomas E. Buffamante received $28,000 in fees and $12,040 in stock awards totaling $40,040.
2025-03-14	Mr. Buffamante is a Certified Public Accountant and Director of Buffamante Whipple Buttafaro, P.C.