ALLAN M. RUDNICK - Corporate Board Profile

SOURCE CAPITAL /DE/

Filing Date	Source Excerpt
2012-03-30	Allan M. Rudnick, 71(3) Nominee — Private investor. Formerly Co-founder and Chief Investment Officer of Kayne Anderson Rudnick Investment Management ("KAR") in 1989. Prior to his retirement in December 2007, Mr. Rudnick served as President, Chief Executive Officer (since 2001) and Chairman of the Board (since 2001) of KAR. ... Allan M. Rudnick Aggregate Compensation From the Fund $0 (not stated).
2013-03-28	Allan M. Rudnick, 72(1,2) Director 2012 Private investor. Formerly Co-founder and Chief Investment Officer of Kayne Anderson Rudnick Investment Management ("KAR") in 1989. Prior to his retirement in December 2007, Mr. Rudnick served as President (from 2001) and Chief Executive Officer and Chairman of the Board (from 2005) of KAR. Director/Trustee (since January 2010) of FPA Capital Fund, Inc., of FPA New Income, Inc., and of FPA Funds Trust's FPA Crescent Fund, of FPA Funds Trust's FPA International Value Fund (since November 2011), and of FPA Paramount Fund, Inc. and of FPA Perennial Fund, Inc. (since July 2012) (3). (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	Allan M. Rudnick, 73(1,2) Director & Chairman 2012 Private investor. Formerly Co-founder and Chief Investment Officer of Kayne Anderson Rudnick Investment Management ("KAR") in 1989. Prior to his retirement in December 2007, Mr. Rudnick served as President (from 2001) and Chief Executive Officer and Chairman of the Board (from 2005) of KAR. Director/Trustee (since January 2010) of FPA Capital Fund, Inc., of FPA New Income, Inc., and of FPA Funds Trust's FPA Crescent Fund, of FPA Funds Trust's FPA International Value Fund (since November 2011), and of FPA Paramount Fund, Inc. and of FPA Perennial Fund, Inc. (since July 2012) (3). 7 0 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	Allan M. Rudnick, 74(1,2) Director & Chairman 2012 Private investor. Director/Trustee (since January 2010) of FPA Capital Fund, Inc., of FPA New Income, Inc., and of FPA Funds Trust's FPA Crescent Fund; of FPA Funds Trust's FPA International Value Fund (since November 2011); and of FPA Paramount Fund, Inc. and of FPA Perennial Fund, Inc. (since July 2012) (3). Co-founder and former Chief Investment Officer of Kayne Anderson Rudnick Investment Management ("KAR") in 1989. Prior to his retirement in December 2007, Mr. Rudnick served as President (from 2001) and Chief Executive Officer and Chairman of the Board (from 2005) of KAR. (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. Allan M. Rudnick received total Directors' fees of $34,283 for 2014.
2016-03-23	Allan M. Rudnick, 75 Director & Chairman 2012 Private investor. Formerly, Co-founder and Chief Investment Officer of Kayne Anderson Rudnick Investment Management ("KAR") (1989-December 2007). Formerly, President (from 2001) and Chief Executive Officer and Chairman of the Board (from 2005) of KAR. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income, Inc., and of FPA Funds Trust (since January 2010), and of FPA Paramount Fund, Inc. and of FPA U.S. Value Fund, Inc. (since July 2012). 7 None The Board of Directors has designated Messrs. Lipson, Osborne, Pisano, Purcell and Rudnick as the Audit Committee of the Board. All members of the Audit Committee are "independent," as that term is defined in the applicable listing standards of the NYSE. No member is considered an "interested person" of the Company within the meaning of the 1940 Act. The Audit Committee met four times during the last fiscal year. The Board of Directors has designated Messrs. Messrs. Lipson, Osborne, Pisano, Purcell and Rudnick as the Nominating and Governance Committee. All members of the Nominating and Governance Committee are "independent," as that term is defined in the applicable listing standards of the NYSE. No member is considered an "interested person" of the Company within the meaning of the 1940 Act. The Nominating and Governance Committee met four times during the last fiscal year. Allan M. Rudnick $40,500 $238,500
2017-03-28	Allan M. Rudnick, 1940 Director & Chairman 2012 Private investor. Formerly, Co-founder and Chief Investment Officer of Kayne Anderson Rudnick Investment Management ("KAR") (1989-December 2007). Formerly, President (from 2001) and Chief Executive Officer and Chairman of the Board (from 2005) of KAR. Director/Trustee of FPA Capital Fund, Inc., FPA New Income, Inc. and of FPA Funds Trust (since January 2010), of FPA Paramount Fund, Inc. (since 2012), and of FPA U.S. Value Fund, Inc. (since July 2012). 7 None The Board of Directors has designated Ms. Brown and Messrs. Lipson, Osborne, Pisano, Purcell and Rudnick as the Audit Committee of the Board. The Board of Directors has designated Ms. Brown and Messrs. Lipson, Osborne, Pisano, Purcell and Rudnick as the Nominating and Governance Committee.
2018-04-03	Allan M. Rudnick, 1940 Director & Chairman 2012 Private investor. Formerly, Co-founder and Chief Investment Officer of Kayne Anderson Rudnick Investment Management ("KAR") (1989-December 2007). Formerly, President (from 2001) and Chief Executive Officer and Chairman of the Board (from 2005) of KAR. Director/Trustee of FPA Capital Fund, Inc., FPA New Income, Inc. and of FPA Funds Trust (since January 2010), of FPA Paramount Fund, Inc. (since 2012), and of FPA U.S. Value Fund, Inc. (since July 2012). Audit Committee and Nominating and Governance Committee member. Aggregate Compensation From the Company: $29,000.