THOMAS P. MERRICK - Corporate Board Profile

SOURCE CAPITAL /DE/

Filing Date	Source Excerpt
2006-03-30	Thomas P. Merrick, 68 Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1984 to 1998. (2) Member of the Nominating Committee of the Board of Directors. Thomas P. Merrick Aggregate Compensation From the Fund $0.
2007-03-30	Thomas P. Merrick, 69(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1984 to 1998. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. The five directors who were not interested persons of FPA received total directors' fees of $127,500 for 2006. Thomas P. Merrick received $22,583 for 2006.
2008-03-28	Thomas P. Merrick, 70(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Director of FPA Paramount Fund, Inc. (since January 2008) (4). Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1984 to 1998. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. Each director who was not an interested person of FPA was compensated by the Fund at the rate of $20,000 per year plus a fee of $1,750 per day for Board of Directors or Committee meetings attended, and a fee of $500 per day for Special Board of Directors or Committee meetings held via telephone conference. The five directors who were not interested persons of FPA received total directors' fees of $136,500 for 2007. Thomas P. Merrick received $27,000 in aggregate compensation from the Fund in 2007.
2009-03-27	Thomas P. Merrick, 71(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Director of FPA Paramount Fund, Inc. (since January 2008) and of FPA Perennial Fund, Inc. (since August 2008) (4). Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1993 to 1998. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. The five directors who were not interested persons of FPA received total directors' fees of $135,000 for 2008. Each such director is also reimbursed for out-of-pocket expenses incurred as a director. Aggregate Compensation From the Fund: $27,000.
2010-03-31	Thomas P. Merrick, 72(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Director of FPA Paramount Fund, Inc. (since January 2008), of FPA Perennial Fund, Inc. (since August 2008), of FPA Capital Fund, Inc. (since July 2009), of FPA Funds Trust's FPA Crescent Fund (since July 2009) and of FPA New Income, Inc. (since July 2009) (4). Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1993 to 1998. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. During 2009, each director who was not an interested person of FPA was compensated by the Fund at the rate of $20,000 per year plus a fee of $1,750 per day for Board of Directors meetings attended, $1,250 per day for Committee meetings attended that are held on a day other than a Board meeting, and a fee of $500 per day for Special Board of Directors or Committee meetings held and attended via telephone conference. The five directors who were not interested persons of FPA received total directors' fees of $135,000 for 2009.
2011-03-25	Thomas P. Merrick, 73(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Director of FPA Paramount Fund, Inc. (since January 2008), of FPA Perennial Fund, Inc. (since August 2008), of FPA Capital Fund, Inc. (since July 2009), of FPA Funds Trust's FPA Crescent Fund (since July 2009) and of FPA New Income, Inc. (since July 2009) (4). Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1993 to 1998. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. During 2010, each director who was not an interested person of FPA was compensated by the Fund at the rate of $22,000 per year plus fees for meetings attended. Thomas P. Merrick received $30,000 in aggregate compensation from the Fund in 2010.
2012-03-30	Thomas P. Merrick, 74(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. ... (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. ... During 2011, each director who was not an interested person of FPA was compensated by the Fund at the rate of $22,000 per year plus a fee of $2,000 per day for Board of Directors meetings attended, a fee of $500 per day to the Chairman of the Audit and Chairman of the Corporate Responsibility Committees for Committee meetings attended, a fee of $1,250 per day for Committee meetings attended on a day other than a Board meeting, and $500 per day for Special Board of Directors or Committee meetings held and attended via telephone conference. ... Thomas P. Merrick Aggregate Compensation From the Fund $32,500.
2013-03-28	Thomas P. Merrick, 75(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Director/Trustee of FPA Paramount Fund, Inc. (since January 2008), of FPA Perennial Fund, Inc. (since August 2008), of FPA Capital Fund, Inc. (since July 2009), of FPA Funds Trust's FPA Crescent Fund (since July 2009), of FPA New Income, Inc. (since July 2009), and of FPA Funds Trust's FPA International Value Fund (since November 2011) (3). Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1993 to 1998. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating and Governance Committee of the Board of Directors.
2014-04-03	Thomas P. Merrick, 76(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Director/Trustee of FPA Paramount Fund, Inc. (since January 2008), of FPA Perennial Fund, Inc. (since August 2008), of FPA Capital Fund, Inc. (since July 2009), of FPA Funds Trust's FPA Crescent Fund (since July 2009), of FPA New Income, Inc. (since July 2009), and of FPA Funds Trust's FPA International Value Fund (since November 2011) (3). 7 0
2015-04-06	Thomas P. Merrick, 77(1,2) Director 2006 Private consultant. President of Strategic Planning Consultants for more than the past five years. Director/Trustee of FPA Paramount Fund, Inc. (since January 2008), of FPA Perennial Fund, Inc. (since August 2008), of FPA Capital Fund, Inc. (since July 2009), of FPA Funds Trust's FPA Crescent Fund (since July 2009), of FPA New Income, Inc. (since July 2009), and of FPA Funds Trust's FPA International Value Fund (since November 2011) (3). Former Executive Committee member and Vice President of Fluor Corporation, responsible for strategic planning, from 1993 to 1998. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating and Governance Committee of the Board of Directors. During 2014, each Director who was not an interested person of FPA was compensated by the Fund at the rate of $22,000 per year (effective in November of 2014, the rate became $24,000 per year) plus a fee of $2,000 per day for Board of Directors meetings attended, a fee of $500 per day to the Chairman of the Audit and Chairman of the Nominating and Governance Committees for Committee meetings attended, a fee of $1,250 per day for Committee meetings attended on a day other than a Board meeting, and $500 per day for Special Board of Directors or Committee meetings held and attended via telephone conference. Thomas P. Merrick received total Directors' fees of $32,283 for 2014.