CHARLES E. DRIMAL, JR. - Corporate Board Profile

PRIMEENERGY RESOURCES CORP

Filing Date	Source Excerpt
2001-04-26	Charles E. Drimal, Jr. 53 President of the Company; Director; President October 1987 The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. SUMMARY COMPENSATION TABLE Charles E. Drimal, Jr. 2000 224,404 500,000 1,500 6,800 President, Chief 1999 217,868 -0- 1,500 -- 8,557 Executive Officer 1998 211,522 -0- 1,500 -- 8,330 and Director The compensation of the Chief Executive Officer is largely dependent upon the overall performance of the Company. For the year ended December 31, 2000, the base salary of the Chief Executive Officer of the Company, Charles E. Drimal, Jr., increased 3 percent to $224,404 from $217,868, and a cash bonus award of $500,000 was paid.
2002-04-22	Charles E. Drimal, Jr. 54 President of the Company; Director; President
2003-04-29	Charles E. Drimal, Jr. 55 President of the Company; Director; President October 1987
2004-04-27	Mr. Charles E. Drimal, Jr. has served as a Director and President and Chief Executive Officer of the Company since October, 1987. He also is President and a director of PrimeEnergy Management Corporation, the Company’s wholly-owned subsidiary and has held those positions since May, 1983. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a member of the New York State Bar. He is a nominee for election as a Director.
2005-04-25	Mr. Charles E. Drimal, Jr. has served as a Director and President and Chief Executive Officer of the Company since October, 1987. He also is President and a director of PrimeEnergy Management Corporation, the Companys wholly-owned subsidiary and has held those positions since May, 1983. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a member of the New York State Bar. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met three times during 2004, and informally, by telephone or office conference on a regular basis, usually weekly, during the year. The following table discloses compensation for the last three fiscal years ended December 31, 2004, received by the Companys Chief Executive Officer and the only other executive officer of the Company and its subsidiaries. The amounts in this column represents the Companys contributions to its 401(k) plan to each of the named officers for the years indicated.
2006-04-19	Mr. Charles E. Drimal, Jr. has served as a Director and President and Chief Executive Officer of the Company since October, 1987. He also is President and a director of PrimeEnergy Management Corporation, the Companys wholly-owned subsidiary and has held those positions since May, 1983. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met three times during 2005. The following table discloses compensation for the last three fiscal years ended December 31, 2005, received by the Companys Chief Executive Officer and the only other executive officer of the Company and its subsidiaries. For 2005, Mr. Drimal received $260,146 salary, $2,000,000 bonus, $1,500 director fees, and $8,000 401(k) contributions.
2007-04-27	Charles E. Drimal, Jr. 59 President of the Company Director; President October 1987 The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. Directors receive $500 for each Board meeting attended. Directors do not receive any fee for attending Committee meetings. Director Compensation The following table discloses compensation to the Companys Directors for the fiscal year ended December 31, 2006. All Directors as a group of eight in 2006 Paid in Cash ($): 1,000 Total ($): 8,000
2008-04-25	Mr. Charles E. Drimal, Jr. has served as a Director and President and Chief Executive Officer of the Company since October, 1987. He also holds similar positions with the Companys subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a member of the New York State Bar. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Companys Directors each receive $500 for each Board of Directors meeting attended. All Directors as a group of seven received an aggregate of $9,500 as cash Directors fees for the fiscal year ended December 31, 2007.
2009-04-29	Charles E. Drimal, Jr. Age 61 President of the Company Director; President Director since October 1987 The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Companys Directors each receive $500 for each Board of Directors meeting attended, but do not receive any fee for attending Committee meetings. All Directors as a group of seven received an aggregate of $9,500 as cash Directors fees for the fiscal year ended December 31, 2008.
2010-04-20	Mr. Charles E. Drimal, Jr. has served as a Director and President and Chief Executive Officer of the Company since October, 1987. He also holds similar positions with the Companys subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a member of the New York State Bar. The Company does not have the separate position of Chairman of the Board of Directors. Mr. Drimal, as President and Chief Executive Officer, serves as the Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Board of Directors acts as the nominating committee, Mr. Drimal and Ms. Cummings abstaining, in the review and selection of Directors for election at the annual meeting of the Companys stockholders. The Companys Directors each receive $500 for each Board of Directors meeting attended. Mr. Drimal received $1,000 Directors fees in 2009.
2011-04-20	Mr. Charles E. Drimal, Jr. has served as a Director and President and Chief Executive Officer of the Company since October, 1987, and holds the position of Chairman of the Board. He also holds similar positions with the Company’s subsidiaries. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Company’s Directors each receive $500 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. All Directors as a group of seven received an aggregate of $14,000 as cash Directors’ fees for the fiscal year ended December 31, 2010.
2012-04-19	Charles E. Drimal, Jr., age 64, has served as President and Chief Executive Officer of the Company since October, 1987, and holds the position of Chairman of the Board of Directors... The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings... The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets... The Companys Directors each receive $500 for each Board of Directors meeting... All Directors as a group of seven received an aggregate of $14,000 as cash Directors fees for the fiscal year ended December 31, 2011.
2013-04-05	Charles E. Drimal, Jr., age 65, has served as President and Chief Executive Officer of the Company since October, 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met three times during 2012, and informally, by telephone conference on a regular basis, usually weekly, during the year. The Compensation Committee, composed of Messrs. Hurt, Gimbel and Smeets, met twice in 2012. Mr. Drimal and Ms. Cummings participate in discussions with the Compensation Committee and make recommendations to the Committee with respect to the compensation of executive officers and directors. Neither Mr. Drimal nor Ms. Cummings participates in the deliberations or approval of the Committee concerning their respective compensation. The Company 27s Directors each receive $500 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. The Directors are reimbursed for travel and related expenses in connection with attendance at Board and Committee meetings. All Directors as a group of seven received an aggregate of $10,500 as cash Directors 27 fees for the fiscal year ended December 31, 2012.
2014-04-24	Charles E. Drimal, Jr., age 66, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Companys subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met four times during 2013, and informally, by telephone conference on a regular basis, usually weekly, during the year. The Companys Directors each receive $1,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. All Directors as a group of seven received an aggregate of $21,000 as cash Directors fees for the fiscal year ended December 31, 2013. No reference is made for Stock Awards, Option Awards, Non-Equity Incentive Plan Compensation or Non-Qualified Deferred Compensation Earnings as the Company has no such Director awards or compensation. Mr. Drimal received $3,000 Directors fees in 2013.
2015-04-22	Charles E. Drimal, Jr., age 67, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Company 27s Directors each receive $2,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings.
2016-04-22	Charles E. Drimal, Jr., age 68, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is authorized to exercise all the authority of the Board in the business and affairs of the Company, except as limited by applicable law. The Compensation Committee, composed of Messrs. Gimbel and Smeets, met once in 2015. Mr. Drimal and Ms. Cummings participate in discussions with the Compensation Committee and make recommendations to the Committee with respect to the compensation of executive officers and directors. Neither Mr. Drimal nor Ms. Cummings participates in the deliberations or approval of the Committee concerning their respective compensation. The Company 27s Directors each receive $2,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings.
2017-04-28	Charles E. Drimal, Jr., age 69, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is empowered to exercise all the authority of the Board between Board meetings, in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met three times during 2016 in person and informally, by telephone conference, on a nearly monthly basis during the year. The following table discloses compensation for the fiscal years ended December 31, 2016 and 2015, received by the Company 27s Principal Executive Officer and Principal Financial Officer (1) (2). The base salary paid to each executive officer in 2016 is set forth in the 3alary 4 column of the Summary Compensation Table set forth in this proxy statement. The cash incentive bonus compensation awarded to each executive officer is intended to correlate to the Company 27s performance. In 2016, the executive officers advised the Compensation Committee that for a second consecutive year they had determined that no employees of the Company would be awarded bonus compensation for the year. Their decision was based upon the continual slide in commodity pricing and its net negative effect on the Company 27s cash flow and earnings. They encouraged the Compensation Committee to consider the same criteria and apply the same analysis in its deliberations concerning the bonus compensation to be awarded to the executive officers, and to reach a similar conclusion with respect to the executive officers. As a result, the Compensation Committee recommended that there be no incentive bonus compensation awarded to the executive officers again in 2016. Therefore, the cash bonus paid to each executive officer in 2016 is reflected as $0 in the 3onus 4 column of the Summary Compensation Table set forth in this proxy statement. The Company awarded options to purchase shares of the Company 27s common stock to the executive officers in May 1989. The objective of the award was to retain high level officers and to motivate them to continue their relationship with the Company and thereby align their interests with the long term interests of the Company 27s stockholders. The options that were awarded have been fully exercisable by the executive officers since May 1994. The Compensation Committee believes the options awarded to the executive officers continue to represent a significant stake in the Company. The Committee recommended to the Board of Directors that no additional options or other types of equity compensation be awarded to the executive officers in 2016. The following table discloses compensation for the fiscal years ended December 31, 2016 and 2015, received by the Company 27s Principal Executive Officer and Principal Financial Officer (1) (2). The base salary paid to each executive officer in 2016 is set forth in the 3alary 4 column of the Summary Compensation Table set forth in this proxy statement. The cash incentive bonus compensation awarded to each executive officer is intended to correlate to the Company 27s performance. In 2016, the executive officers advised the Compensation Committee that for a second consecutive year they had determined that no employees of the Company would be awarded bonus compensation for the year. Their decision was based upon the continual slide in commodity pricing and its net negative effect on the Company 27s cash flow and earnings. They encouraged the Compensation Committee to consider the same criteria and apply the same analysis in its deliberations concerning the bonus compensation to be awarded to the executive officers, and to reach a similar conclusion with respect to the executive officers. As a result, the Compensation Committee recommended that there be no incentive bonus compensation awarded to the executive officers again in 2016. Therefore, the cash bonus paid to each executive officer in 2016 is reflected as $0 in the 3onus 4 column of the Summary Compensation Table set forth in this proxy statement. The Company awarded options to purchase shares of the Company 27s common stock to the executive officers in May 1989. The objective of the award was to retain high level officers and to motivate them to continue their relationship with the Company and thereby align their interests with the long term interests of the Company 27s stockholders. The options that were awarded have been fully exercisable by the executive officers since May 1994. The Compensation Committee believes the options awarded to the executive officers continue to represent a significant stake in the Company. The Committee recommended to the Board of Directors that no additional options or other types of equity compensation be awarded to the executive officers in 2016. The Company 27s Directors each receive $2,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. The Directors are reimbursed for travel and related expenses in connection with attendance at Board and Committee meetings. All Directors as a group of seven received an aggregate of $42,000 as Directors 27 fees for the fiscal year ended December 31, 2016. The Directors do not receive any compensation in the form of Common Stock or option awards of Common Stock, nor do they participate in any Non-Equity Incentive Compensation or Non-Qualified Deferred Compensation plans. None of the Directors received compensation or other payment from any person or entity other than the Company for their services as a director of the Company.
2018-04-27	Charles E. Drimal, Jr., age 70, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company’s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors.
2019-04-23	Charles E. Drimal, Jr., age 71, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors.
2020-05-15	Charles E. Drimal, Jr., age 72, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, Smeets and Ms. Cummings, is empowered to exercise all the authority of the Board between Board meetings, in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met three times during 2019 in person or by telephone conference and informally, by telephone conference, on a nearly monthly basis during the year. The Company 27s Directors each receive $5,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. The Directors are reimbursed for travel and related expenses in connection with attendance at Board and Committee meetings. All Directors as a group of six received an aggregate of $90,000 as Directors 27 fees for the fiscal year ended December 31, 2019.
2021-04-29	Charles E. Drimal, Jr., age 73, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, and Ms. Cummings, is empowered to exercise all the authority of the Board between Board meetings, in the business and affairs of the Company, except as limited by applicable law. The Company 27s Directors each receive $5,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings.
2022-04-27	Charles E. Drimal, Jr., age 74, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, and Ms. Cummings, is empowered to exercise all the authority of the Board between Board meetings, in the business and affairs of the Company, except as limited by applicable law. The Company 27s Directors each receive $10,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. All Directors as a group of five received an aggregate of $150,000 as Directors 27 fees for the fiscal year ended December 31, 2021. The Directors do not receive any compensation in the form of Common Stock or option awards of Common Stock, nor do they participate in any Non-Equity Incentive Compensation or Non-Qualified Deferred Compensation plans. None of the Directors received compensation or other payment from any person or entity other than the Company for their services as a director of the Company. Mr. Drimal received $30,000 Director 27 fees in 2021.
2023-04-24	Charles E. Drimal, Jr., age 75, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Company 27s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors. The Executive Committee, composed of Messrs. Drimal, Jr., Hurt, and Ms. Cummings, is empowered to exercise all the authority of the Board between Board meetings, in the business and affairs of the Company, except as limited by applicable law. The Executive Committee met three times during 2022 in person or by telephone conference and informally, by telephone conference, on a nearly monthly basis during the year. The Company 27s Directors each receive $10,000 for each Board of Directors meeting, but do not receive any fee for attending Committee meetings. All Directors as a group of five received an aggregate of $150,000 as Directors 27 fees for the fiscal year ended December 31, 2022.
2024-04-19	Charles E. Drimal, Jr., age 76, has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors.