CHARLES P. CONNOLLY - Corporate Board Profile

MEDIFAST INC

Filing Date	Source Excerpt
2007-07-23	Charles P. Connolly, age 58, is currently an independent director focusing on bank relationships, debt refinancing, merger and acquisition strategy and executive compensation design. Mr. Connolly spent 29 years at First Union Corp. that merged with Wachovia Bank in 2001. He retired in 2001 as the President and CEO of First Union Corp. Mr. Connolly serves on the Boards of numerous non-profit organizations. He holds an MBA from the University of Chicago and AB from Villanova University. The audit committee consists of Joseph Calderone, Charles Connolly, George Lavin, and Mary Travis, each of whom are independent as discussed above under “— Director Independence.” As required by Rule 303A.07 of the NYSE Listed Company Manual, the Board of Directors has affirmatively determined that each audit committee member is financially literate, and that Mr. Connolly is an “audit committee financial expert,” as defined in Item 407(d)(5) of Regulation S-K. The table below summarizes the compensation paid by the Company to non-employee directors for the fiscal year ended December 31, 2006. Charles P. Connolly received $3,206 in stock awards.
2008-07-28	Charles P. Connolly, age 59, is currently an independent director... 2007 Director Compensation table shows $16,000 fees earned in cash and $10,644 in stock awards for Charles P. Connolly... Audit Committee consists of Charles Connolly, George Lavin, and Mary Travis.
2009-08-25	Charles P. Connolly, age 60, is currently an independent director... The audit committee consists of Barry B. Bondroff, Charles P. Connolly, George J. Lavin, and Mary T. Travis... The table below summarizes the compensation paid by the Company to non-employee directors for the fiscal year ended December 31, 2008. Charles P. Connolly Fees Earned or Paid in Cash ($): 16,000 Stock Awards ($): 21,570 Total ($): 37,570.
2010-08-24	Charles P. Connolly, age 61, is currently an independent director focusing on bank relationships, debt refinancing, merger and acquisition strategy and executive compensation design. ... As the Chairman of the Audit Committee he has served diligently ... 2009 Director Compensation Table: Charles P. Connolly Fees Earned or Paid in Cash $16,000, Stock Awards $44,565, Total $60,565.
2011-07-20	Charles P. Connolly, age 62, is currently an independent director...He is Chairman of the Audit Committee...In 2010 Director Compensation Table: Charles P. Connolly total $66,555.
2012-07-30	Charles P. Connolly was first selected as a Director in 2006 for his extensive executive experience and financial acumen derived from an executive banking resume. His current selection as Director leverages that background of reviewing the financials and performance of hundreds of companies in the public and private sector. He possesses a unique financial and risk assessment perspective into the operations and financial management of the Company. He spends an extraordinary amount of time with our executive team providing guidance and consultation on key metrics and performance objectives that have served the Company well in the past few years. As the Chairman of the Audit Committee, he has served diligently to insure that the Company maintains its high standards of accountability. In 2011 Director Compensation Table: Charles P. Connolly $74,253 total.
2013-08-07	Charles P. Connolly, age 64, is currently an independent director focusing on bank relationships, debt refinancing, merger and acquisition strategy and executive compensation design. ... As the Chairman of the Audit Committee he has served diligently to insure that the Company maintains its high standards of accountability. ... The Audit Committee consists of Charles P. Connolly, Chairperson, ...
2014-04-30	Charles P. Connolly, age 65, is the Chairman of the Audit Committee and also serves on the Special Mergers & Acquisitions Committee. Mr. Connolly spent 29 years at First Union Corp., that merged with Wachovia Bank in 2001. He retired in 2001 as the President and Chief Executive Officer of First Union Corp. of Pennsylvania and Delaware. Mr. Connolly serves on the board of numerous profit and non-profit organizations. He holds an MBA from the University of Chicago and AB from Villanova University. The table below summarizes the compensation paid by the Company to non-employee directors for Fiscal 2013. Charles P. Connolly Fees Earned or Paid in Cash $1,594, Stock Awards $73,390, Total $74,983.
2015-05-18	Charles P. Connolly , age 66, has been a director of the Company since 2006. Mr. Connolly is the Chairman of the Audit Committee and also serves as a member of the Special Mergers & Acquisitions Committee. The following table contains information concerning the compensation of our non-employee Directors during 2014. Charles P. Connolly Fees Earned or Paid in Cash $2,156, Stock Awards $75,129, Option Awards $76,851, Total $154,136.
2016-04-29	Charles P. Connolly, age 67, has been a director of the Company since 2006. Mr. Connolly serves as Chairman of the Audit Committee and as a member of the Mergers & Acquisitions Committee. ... The following table contains information concerning the compensation of our non-employee Directors during 2015. ... Charles P. Connolly ... Total 156,113.
2017-04-07	Mr. Connolly serves as Chairman of the Audit Committee and as a member of the Mergers & Acquisitions Committee. ... Charles P. Connolly Fees Earned or Paid in Cash ($) 36,000 Stock Awards ($) 34,600 Option Awards ($) 40,001 Total ($) 110,601