WILLIAM S. KIES, JR. - Corporate Board Profile

ReposiTrak, Inc.

Filing Date	Source Excerpt
2012-04-20	William S. Kies, Jr. joined the Board of Directors in November 2011. Mr. Kies is currently a principal of Kies Consulting, LLC, a premier consulting practice specializing in the supermarket industry since 1994. Clients include Fortune 100 consumer package goods corporations and companies offering national services, programs and in-store support to all channels of food distribution. Prior to Kies Consulting, which Mr. Kies founded in 1994, he was the President and Chief Operating Officer of IGA, Inc., the world’s largest banner group of independent supermarkets with over 4,000 stores serviced by 24 wholesalers in 20 countries. The Nominating and Corporate Governance Committee believes that Mr. Kies’ extensive management experience, including experience in the supermarket industry, together with his substantial contacts with potential clients for the Company’s services, will contribute to the Board’s deliberations and provide the Company with valuable insight and direction as the Company executes its business plan. The following table sets forth certain information regarding the nominees for election as directors of the Company. There are no family relationships between any directors and executive officers. Name of Nominee Age Title William S. Kies, Jr. 59 Director. The outside directors of the Company, currently consisting of James R. Gillis, Robert W. Allen, Peter Brennan, Robert P. Hermanns, C. Manly Molpus, and William S. Kies, Jr., receive the following compensation: Annual cash compensation of $10,000 payable at the rate of $2,500 per quarter. The Company has the right to pay this amount in the form of shares of Common Stock, and did so for all compensation owed directors during fiscal 2011; and Upon appointment, outside independent directors receive a grant of $75,000 payable in shares of the Company’s restricted Common Stock calculated based on the market value of the shares of Common Stock on the date of grant. The shares vest ratably over a five-year period. The following table sets forth information concerning the compensation earned during fiscal 2011 by our current directors: Name Stock Awards ($) (1) Total ($) James R. Gillis 25,000 25,000 Richard S. Krause(2) 25,000 25,000 Robert W. Allen 25,000 25,000 Peter Brennan 25,000 25,000 C. Manly Molpus 25,000 25,000 Robert P. Hermanns 10,000 10,000 William S. Kies, Jr. (3) - - (1) Stock awards consist solely of stock grants of fully vested Common Stock. Amounts shown do not reflect compensation actually received by the director. Instead, the amounts shown reflect the compensation costs recognized by the Company during the fiscal year for stock awards as determined pursuant to FAS 123R. (2) Mr. Krause resigned from the Company’s Board of Directors on February 7, 2012. (3) Mr. Kies joined the Company’s Board of Directors on November 11, 2011. The Board of Directors has an Audit Committee, a Compensation Committee, and a Nominating and Corporate Governance Committee. The following table represents the composition of each committee of the Board of Directors: Name of Director Audit Committee Compensation Committee Nominating and Corporate Governance Committee William S. Kies, Jr. - - Member
2013-02-28	William S. Kies, Jr. joined the Board of Directors in November 2011. Mr. Kies is currently a principal of Kies Consulting, LLC, a premier consulting practice specializing in the supermarket industry since 1994.
2013-11-12	William S. Kies, Jr. joined the Board of Directors in November 2011. Mr. Kies is currently a principal of Kies Consulting, LLC, a premier consulting practice specializing in the supermarket industry since 1994. Clients include Fortune 100 consumer package goods corporations and companies offering national services, programs and in-store support to all channels of food distribution. Prior to Kies Consulting, which Mr. Kies founded in 1994, he was the President and Chief Operating Officer of IGA, Inc., the world’s largest banner group of independent supermarkets with over 4,000 stores serviced by 24 wholesalers in 20 countries. The following table sets forth information concerning director compensation earned during fiscal year 2013: Name: William S. Kies, Jr., Total: $25,000.
2014-10-07	William S. Kies, Jr. joined the Board of Directors in November 2011. Mr. Kies is currently a principal of Kies Consulting, LLC, a premier consulting practice specializing in the supermarket industry since 1994. Clients include Fortune 100 consumer package goods corporations and companies offering national services, programs and in-store support to all channels of food distribution.
2015-09-21	William S. Kies, Jr. joined the Board of Directors in November 2011. Mr. Kies is currently a principal of Kies Consulting, LLC, a premier consulting practice specializing in the supermarket industry since 1994. Clients include Fortune 100 consumer package goods corporations and companies offering national services, programs and in-store support to all channels of food distribution. Prior to Kies Consulting, Mr. Kies was the President and Chief Operating Officer of IGA, Inc., the world’s largest banner group of independent supermarkets with over 4,000 stores serviced by 24 wholesalers in 20 countries. The Nominating and Corporate Governance Committee believes that Mr. Kies’ extensive management experience, including experience in the supermarket industry, together with his substantial contacts with potential clients for the Company’s services, will contribute to the Board’s deliberations and provide the Company with valuable insight and direction as the Company executes its business plan. The outside directors of the Company, consisting of Messrs. Allen, Kies, Juliano, Noll, and Hodge, received the following compensation during fiscal 2015: annual cash compensation of $10,000 payable at the rate of $2,500 per quarter. The Company has the right to pay this amount in the form of shares of Common Stock, and did so for all compensation owed directors during fiscal 2015; and upon appointment, outside independent directors receive a grant of $150,000 payable in shares of the Company’s restricted Common Stock calculated based on the market value of the shares of Common Stock on the date of grant. The shares vest ratably over a five-year period. The following table sets forth information concerning director compensation earned by our outside directors during fiscal year 2015: Name Stock Awards ($) (2) Total ($) William S. Kies, Jr. 25,000 25,000.
2016-09-15	William S. Kies, Jr. joined the Board of Directors in November 2011. Mr. Kies is currently a principal of Kies Consulting, LLC, a premier consulting practice specializing in the supermarket industry since 1994.
2017-10-19	William S. Kies, Jr. joined the Board of Directors in November 2011. Mr. Kies is currently a principal and the founder of Kies Consulting, LLC, a premier consulting practice specializing in the supermarket industry established 1994. Clients of Kies Consulting include Fortune 100 consumer package goods corporations and companies offering national services, programs and in-store support to all channels of food distribution. Prior to Kies Consulting, which Mr. Kies founded in 1994, he was the President and Chief Operating Officer of IGA, Inc., the world’s largest banner group of independent supermarkets with over 4,000 stores serviced by 24 wholesalers in 20 countries.
2018-10-04	William S. Kies, Jr. joined the Board of Directors in November 2011... The following table provides information regarding 2018 compensation paid to our non-employee directors... William S. Kies, Jr. $10,000.
2019-10-11	William S. Kies, Jr. – Independent Director, Age 67. Mr. Kies joined the Board in November 2011. He is Chair of the Nominating and Corporate Governance Committee. He received $75,000 in director fees in 2019.