WILLIAM M. (BILL) SMITH - Corporate Board Profile

RESERVE PETROLEUM CO

Filing Date	Source Excerpt
2001-04-20	William M. (Bill) Smith has served as Manager of Geology at Bracken Operating, LLC since 1994, and is also a part owner. He joined Bracken Exploration Co., as an Exploration Geologist in 1981, and became Vice President of Geology until 1986. In 1986 he assisted in forming Bracken Energy Company, for whom he is an employee and a part owner. Mr. Smith earned a Bachelor of Science degree in Geology from the University of Oklahoma in 1980, and was employed by Samedan Oil Corporation from 1980 through 1981. Directors are compensated on a per meeting basis and only for those board meetings attended. In the years ended December 31, 2000, 1999 and 1998, the directors were compensated in the amount of $500 for each Board Meeting attended. Officers of the Company do not receive additional compensation for Committee Meetings.
2002-04-29	William M. (Bill) Smith has served as Manager of Geology at Bracken Operating, LLC since 1994, and is also a part owner. He joined Bracken Exploration Co., as an Exploration Geologist in 1981, and became Vice President of Geology until 1986.
2003-04-28	William M. (Bill) Smith has served as Manager of Geology at Bracken Operating, LLC since 1994. ... directors were compensated in the amount of $1,000 for each of the meetings attended. ... All Other Compensation includes director fees of $3,000 paid in 2002.
2004-04-23	William M. (Bill) Smith has served as Manager of Geology at Bracken Operating, LLC since 1994. Directors were compensated in the amount of $1,000 for each of the meetings attended.
2005-04-27	The Board of Directors has designated a Nominating Committee which consists of Mr. M. McLain, Mr. Doug Fuller and Mr. Bill Smith. Both Mr. Fuller and Mr. Smith are “independent” ... Directors are compensated on a per meeting basis and only for those board meetings attended. The amount of compensation is set by a vote of the directors at each board meeting. In the years ended December 31, 2004 and December 31 2003, the directors were compensated in the amount of $1,000 for each of the meetings attended.
2006-04-21	William M. (Bill) Smith has served as Manager of Geology... The Board has designated a Nominating Committee which consists of Mason McLain, Doug Fuller and Bill Smith.
2007-04-20	William M. (Bill) Smith has served as Manager of Geology at Bracken Operating, LLC since 1994 ... The Board has designated a Nominating Committee which consists of Mason McLain, Doug Fuller and Bill Smith. ... Directors are compensated on a per meeting basis and only for those Board meetings attended. ... The following table provides information relating to total compensation amounts paid to non-employee Directors: ... Bill Smith.
2008-04-18	William M. (Bill) Smith has served as Manager of Geology. The Board has designated a Nominating Committee which consists of Mason McLain, Doug Fuller and Bill Smith. Director Compensation Table shows each other director (including Bill Smith) was paid $3,000 in 2007 for attending Board meetings.
2009-04-17	William M. (Bill) Smith is the owner of W.M. Smith Energy, LLC. The Nominating Committee consists of Mason McLain, Doug Fuller and Bill Smith. Director Compensation Table shows $2,000 paid in 2008.
2010-04-16	William M. (Bill) Smith 51 None May 5, 1998 ... The Board has designated a Nominating Committee, which consists of Mason McLain, Doug Fuller and Bill Smith. ... Robert T. McLain, Robert Savage, Jerry Crow, Marvin E. Harris, William M. (Bill) Smith and Doug Fuller were paid $1,000 per meeting for attending Board meetings in 2009. ... Non-employee Directors were compensated $1,000 per meeting attended, total $3,000 for the year.
2011-04-15	The Board has designated a Nominating Committee, which consists of Mason McLain, Doug Fuller and Bill Smith. Both, Mr. Fuller and Mr. Smith, are “independent” as defined in Rule 4200(a)(15) of the NASDAQ listing standards. ... 2010 Director Compensation Table ... Each other director 2 ... Mason McLain, Cameron McLain, Kyle McLain, Robert T. McLain, Robert Savage, Jerry Crow, William M. (Bill) Smith and Doug Fuller.
2012-04-19	William M. (Bill) Smith, Director... The Nominating Committee consists of Mason McLain, Doug Fuller and Bill Smith... 2011 Director Compensation Table... Each other Director $3,500
2013-04-26	The Board has determined that the following Directors are independent, as independence is defined in Rule 5605(a)(2) of the NASDAQ listing standards: Jerry Crow, Marvin E. Harris, William M. (Bill) Smith and Doug Fuller. ... The Board has designated a Nominating Committee, which consists of Mason McLain, Doug Fuller and Bill Smith. ... In the year ended December 31, 2012, Directors were compensated in the amount of $1,500 for attending each of the March, May and November meetings. ... 2012 Director Compensation Table ... Each Director 2 ... $4,500 ... Mason McLain, Robert T. McLain, Cameron R. McLain, Kyle McLain, Marvin E. Harris, Robert Savage, Jerry Crow, William M. (Bill) Smith and Doug Fuller.
2014-04-17	William M. (Bill) Smith, Director, owner of W. M. Smith Energy, LLC. The Nominating Committee consists of Mason McLain, Doug Fuller and Bill Smith. Directors were compensated $1,500 per meeting for March, May and November meetings. Bill Smith is included in the group of 'Each Other Director' who received $4,500 in 2013.
2015-04-17	The Board has designated a Nominating Committee, which consists of Cameron McLain, Doug Fuller and Bill Smith. Both Mr. Fuller and Mr. Smith are “independent” as defined in Rule 5605(a)(2) of the NASDAQ Listing Rules. ... The Board has determined that the following Directors are independent, as independence is defined in Rule 5605(a)(2) of the NASDAQ Listing Rules: Jerry Crow, Marvin E. Harris, Jr., William M. (Bill) Smith and Doug Fuller. ... Each Other Director Robert T. McLain, Cameron R. McLain, Kyle McLain, Marvin E. Harris, Jr., Jerry Crow, William M. (Bill) Smith and Doug Fuller.
2016-04-21	William M. (Bill) Smith has been a Director since May 5, 1998. The Nominating Committee consists of Doug Fuller, Cameron McLain and Bill Smith. Directors were compensated $1,500 per meeting for March, May and November meetings. Mr. Smith is included in "Each Other Director" category compensated $4,500 in 2015.
2017-04-20	William M. (Bill) Smith has been a Director since May 5, 1998. He is the owner of W. M. Smith Energy, LLC, a geological consulting company that he formed January 1, 2008. The Board has designated a Nominating Committee, which consists of Doug Fuller, Cameron McLain and Bill Smith. Bill Smith is a member of the Nominating Committee. Directors were compensated $1,500 per meeting for the March, May and November meetings, totaling $4,500 in 2016.
2018-04-19	William M. (Bill) Smith has been a Director since May 5, 1998. The Nominating Committee consists of Doug Fuller, Cameron McLain and Bill Smith. Directors were compensated $1,500 per meeting for the March, May and November meetings, totaling $4,500 for 2017.
2019-04-18	William M. (Bill) Smith has been a Director since May 5, 1998. He is the owner of W. M. Smith Energy, LLC, a geological consulting company that he formed January 1, 2008. Prior to that date, Mr. Smith had served as Manager of Geology at Bracken Operating, LLC since 1994 and was also part owner. He joined Bracken Exploration Co. as an Exploration Geologist in 1981 and became Vice President of Geology until 1986. In 1986, Mr. Smith assisted in forming Bracken Energy Company, for whom he was an employee and part owner. He was employed by Samedan Oil Corporation from 1980 through 1981. Mr. Smith holds a Bachelor of Science degree in Geology from the University of Oklahoma. The Board has designated a Nominating Committee, which consists of Doug Fuller, Cameron McLain and Bill Smith. Both Mr. Fuller and Mr. Smith are “independent” as defined in Rule 5605(a)(2) of the NASDAQ Listing Rules. The Nominating Committee makes recommendations to the Board regarding individuals for nomination as Directors and, in addition, may consider other matters relating to corporate governance. The Nominating Committee met once in March 2019 and recommended that the current Directors be nominated to serve a one-year term on the Board. In the year ended December 31, 2018, Directors were compensated in the amount of $1,500 for attending each of the March, May and November meetings. The following table provides information relating to total compensation amounts paid to Directors during 2018: 2018 Director Compensation Table Name Fees Total William M. (Bill) Smith $3,000 $3,000.
2020-04-16	William M. (Bill) Smith has been a Director since May 5, 1998. The Nominating Committee consists of Doug Fuller, Cameron McLain and Bill Smith. Directors were compensated in the amount of $1,500 for attending each of the March, May and November meetings. Directors receive no additional compensation for committee meetings. 2019 Director Compensation Table shows each Director received $4,500.
2021-04-15	William M. (Bill) Smith has been a Director since May 5, 1998. ... The Board has designated a Nominating Committee, which consists of Doug S. Fuller, Cameron R. McLain and William M. (Bill) Smith. ... In the year ended December 31, 2020, Directors were compensated in the amount of $1,500 for attending each of the March, May and November meetings. ... 2020 Director Compensation Table: Each Director $4,500.
2022-04-21	William M. (Bill) Smith has been a director since May 5, 1998. He is a member of the Nominating Committee. The following table provides information relating to total compensation amounts paid to directors during 2021: Each Other Director $4,500.
2023-05-09	William M. (Bill) Smith has been a director since May 5, 1998. ... The Board has designated William M. (Bill) Smith as a member of the Nominating Committee. ... The following table provides information relating to total compensation amounts paid to directors during 2022: William M. (Bill) Smith $4,500 Board Meeting Fees, no Audit Committee Fees, Total $4,500.
2024-04-18	William M. (Bill) Smith has been a director since May 5, 1998. He is the owner of W. M. Smith Energy, LLC, a geological consulting company.