WILLARD H. ALTMAN, JR. - Corporate Board Profile

SOURCE CAPITAL /DE/

Filing Date	Source Excerpt
2001-03-30	Willard H. Altman, Jr. Retired. Formerly, until 1995, Partner of Ernst & Young LLP, independent auditors for the Company. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities. Director of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Perennial Fund, Inc. (2), and of Current Income Shares, Inc., a closed-end investment company not advised by the Adviser. ... (3) Member of the Audit Committee of the Board of Directors. (4) Member of the Nominating Committee of the Board of Directors. (5) Director elected by the holders of the Preferred Stock. ... The following information relates to director compensation. Each director who was not an interested person of the Adviser was compensated by the Company at the rate of $14,000 per year plus a fee of $1,000 per day for Board of Directors or Committee meetings attended (effective May 1, 2000, a fee of $500 per day for Special Board of Directors or Committee meetings held via telephone conference). ... Willard H. Altman, Jr. $ 18,000 $ 43,000**
2002-03-28	Willard H. Altman, Jr., 66 Director 1998 Retired. Formerly, until 1995, Partner of Ernst & Young LLP, independent auditors for the Company. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities. Director of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc. (4), and of Current Income Shares, Inc., a closed-end investment company not advised by the Adviser. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. (3) Director elected by the holders of the Preferred Stock. Willard H. Altman, Jr. $ 18,000 $ 43,000**
2003-03-31	Willard H. Altman, Jr., 67, Director, Retired. Formerly, until 1995, Partner of Ernst & Young LLP, a public accounting firm. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust. Member of the Audit Committee and Nominating Committee. Total compensation from the Company: $20,000.
2004-03-26	Willard H. Altman,Jr., 68 Director 1998 Retired. Formerly, until 1995, Partner of Ernst & Young LLP, a public accounting firm.Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. Total compensation from the Company: $20,500.
2005-03-24	Willard H. Altman, Jr., 69 Director 1998 Retired. Formerly, until 1995, Partner of Ernst & Young LLP, a public accounting firm. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). (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 the Adviser received total directors' fees of $114,500 for 2004. Willard H. Altman, Jr. received $23,000 for 2004.
2006-03-30	Willard H. Altman, Jr., 70(1,2,3) Director 1998 Former Partner of Ernst & Young LLP, a public accounting firm. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. (3) Director elected by the holders of the Preferred Stock. The five directors who were not interested persons of FPA received total directors' fees of $130,000 for 2005. Each such director is also reimbursed for out-of-pocket expenses incurred as a director. Willard H. Altman, Jr. Aggregate Compensation From the Fund $26,250.
2007-03-30	Willard H. Altman, Jr., 71(1,2,3) Director 1998 Former Partner of Ernst & Young LLP, a public accounting firm. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. (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. Willard H. Altman, Jr. received $25,500 for 2006.
2008-03-28	Willard H. Altman, Jr., 72(1,2,3) Director 1998 Former Partner of Ernst & Young LLP, a public accounting firm. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). Chairman of the Board of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., and of FPA Funds Trust. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. (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. Willard H. Altman, Jr. received $27,500 in aggregate compensation from the Fund in 2007.
2009-03-27	Willard H. Altman, Jr., 73(1,2,3) Director 1998 Former Partner of Ernst & Young LLP, a public accounting firm. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). Chairman of the Board of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., and of FPA Funds Trust. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. (3) Director elected by the holders of the Preferred Stock. 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	Willard H. Altman, Jr., 74(1,2,3) Director 1998 Former Partner of Ernst & Young LLP, a public accounting firm. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust's FPA Crescent Fund (4). Chairman of the Board of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust's FPA Crescent Fund. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. (3) Director elected by the holders of the Preferred Stock. 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	Willard H. Altman, Jr., 75(1,2,3) Director 1998 Former Partner of Ernst & Young LLP, a public accounting firm. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust's FPA Crescent Fund (4). Chairman of the Board of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust's FPA Crescent Fund. Vice President of Evangelical Council for Financial Accountability, an accreditation organization for Christian non-profit entities, from 1995 to 2002. (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. Willard H. Altman, Jr. received $30,000 in aggregate compensation from the Fund in 2010.
2012-03-30	Willard H. Altman, Jr., 76(1,2,3) Director 1998 Former Partner of Ernst & Young LLP, a public accounting firm. ... Chairman of the Board of FPA Capital Fund, Inc., ... (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. ... Willard H. Altman, Jr. Aggregate Compensation From the Fund $32,500.