DAVID J. BURSIC - Corporate Board Profile

WVS FINANCIAL CORP

Filing Date	Source Excerpt
2001-09-28	David J. Bursic 39 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. During fiscal 2001, directors of the Company and the Savings Bank who are not executive officers ("outside directors") received an annual fee of $15,600 ($18,000 for the Chairman of the Board). Non-officer directors who are members of the Board's Loan Committee receive a monthly fee of $100.
2002-09-27	David J. Bursic 40 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. The Loan Committee of the Savings Bank consists of Messrs. Aeberli (Chairman), Hook and Seifarth, and from management, Messrs. Bursic and Wielgus and Mrs. VonDerau. The Investment Committee of the Savings Bank consists of Messrs. Hook (Chairman), Brandt, Seifarth and Aeberli, and from management, Mr. Bursic and Mrs. VonDerau.
2003-09-26	David J. Bursic 41 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. The following table sets forth a summary of certain information concerning the compensation paid by the Company and the Savings Bank for services rendered in all capacities during the three years ended June 30, 2003 to the Chief Executive Officer and the other executive officers of the Company and its subsidiaries whose total compensation during the last fiscal year exceeded $100,000. David J. Bursic 2003 $192,000 $32,000 $-- -- $22,313. Includes compensation for service as a director.
2004-09-24	David J. Bursic 42 Director; President and Chief Executive Officer of the 1998 Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985.
2005-09-23	David J. Bursic 43 Director; President and Chief Executive 1998 Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985.
2006-09-28	David J. Bursic 44 Director; President and Chief Executive Officer of the Company and 1998 the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. Summary Compensation Table The following table sets forth a summary of certain information concerning the compensation paid by the Company and the Savings Bank for services rendered in all capacities during the three years ended June 30, 2006 to the Chief Executive Officer. No other executive officer of the Company and its subsidiaries had total compensation during the last fiscal year which exceeded $100,000. Summary Compensation Table ================================================================================ Annual Compensation -------------------------------------------------------------------------------- Name and Fiscal All Other Principal Position Year Salary(1)(2) Bonus Compensation -------------------------------------------------------------------------------- David J. Bursic 2006 $225,750 $35,000 $26,212(3) President and Chief 2005 215,000 30,000 14,237 Executive Officer 2004 201,600 30,000 24,365 ================================================================================ (1) Includes compensation for service as a director. (2) Does not include amounts attributable to miscellaneous benefits received by executive officers, including the use of automobiles leased by the Company. In the opinion of management of the Company, the costs to the Company of providing such benefits to any individual executive officer during the indicated periods did not exceed the lesser of $50,000 or 10% of the total of annual salary and bonus reported for the individual. (3) Includes $15,830 for the fair market value of the allocation of shares of common stock pursuant to the Company's ESOP and $10,832 for the reimbursement of amounts cut back as result of Internal Revenue Service limitations on contributions to the ESOP. Loan Committee. The loan committee of the Savings Bank consists of Messrs. Aeberli (Chairman), Brandt, Brandt, Lehman and Mrs. VonDerau, and from management, Mr. Bursic. Finance Committee. The finance committee of the Savings Bank consists of Messrs. Brandt (Chairman), Aeberli, Lehman, Hook and Mrs. VonDerau, and from management, Messrs. Bursic and Keith Simpson.
2007-09-28	David J. Bursic 45 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. The Compensation Committee, after taking into consideration the factors discussed above, paid Mr. Bursic a performance bonus of $45,000 for his contribution in fiscal 2007. Mr. Bursic's base salary was adjusted to $245,750 effective July 1, 2007. The following table sets forth a summary of certain information concerning the compensation awarded to or paid by the Company or its subsidiaries to our principal executive officer (including persons who served as principal executive officer for any part of the fiscal year) and our principal financial officer. David J. Bursic 2007 $235,750 $45,000 $ -- $ -- $ -- $149 $21,907 $302,806 Includes allocations under the ESOP of $14,575 and $4,673 to Messrs. Bursic and Simpson, respectively, and $3,212 for the reimbursement of amounts cut back to Mr. Bursic as a result of Internal Revenue Service limitations on contributions to the ESOP. Also includes perquisites and other benefits in the amount of $4,120 for Mr. Bursic consisting of the cost of the personal use of a Company-provided automobile and the payment of club dues.
2008-09-26	David J. Bursic 46 Director; President and Chief Executive Officer of the Company 1998 and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. Mr. Bursic serves as a special advisor to the board of North Hills Community Outreach, a non-profit organization.
2009-09-14	David J. Bursic is President and CEO. Summary Compensation Table shows total compensation of $359,056 for fiscal 2009.
2010-09-14	David J. Bursic Age 48 President and Chief Executive Officer of the Company and the Savings Bank. Summary Compensation Table shows total compensation of $276,549 for fiscal 2010.
2011-09-13	David J. Bursic, 49, Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998. Summary Compensation Table: Total $269,250.
2012-09-18	David J. Bursic 50 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. Mr. Bursic serves as a special advisor to the board of North Hills Community Outreach, a non-profit organization. Mr. Bursic also serves as a member of the Superintendent 2 Business Roundtable for the North Allegheny School District. 1998 Mr. Bursic 2 service as President and Chief Executive Officer, his prior positions with the Company, extensive experience in the local banking industry and involvement in business and civic organizations in the Savings Bank 2 market area provide the Board of Directors valuable insight regarding the business and operations of the Company.
2013-09-19	David J. Bursic is President and Chief Executive Officer. His total compensation was $308,123 as per the Summary Compensation Table.
2015-09-17	David J. Bursic 53 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. During fiscal 2015, directors of the Company and the Savings Bank who are not executive officers (outside directors) received an annual fee of $22,080 (plus $3,400 for the Chairman of the Board) and a monthly fee of $410 for committee meetings attended. The following table sets forth a summary of certain information concerning the compensation paid by the Company or its subsidiaries for services rendered in all capacities during the last two fiscal years to our principal executive officer and the only other executive officer of the Company and its subsidiaries who had total compensation over $100,000 during the year ended June 30, 2015. David J. Bursic President and Chief Executive Officer Total compensation: $368,870
2016-09-15	David J. Bursic 54 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. Mr. Bursic serves as a special advisor to the board of North Hills Community Outreach, a non-profit organization. Mr. Bursic also serves as a member of the Superintendent 27s Business Roundtable for the North Allegheny School District and as a participant on the Federal Reserve Bank of Atlanta 27s Decision-Maker Panel. Mr. Bursic 27s service as President and Chief Executive Officer, his prior positions with the Company, extensive experience in the local banking industry and involvement in business and civic organizations in the Savings Bank 27s market area provide the board of directors valuable insight regarding the business and operations of the Company. Summary Compensation Table David J. Bursic President and Chief Executive Officer 2016 Salary $330,000 Option Awards $20,000 Total $390,320 Finance Committee Loan Committee Employment Agreement The Company and the Savings Bank (collectively the 3employers 4) maintain an employment agreement with David J. Bursic.
2017-09-14	David J. Bursic, 55, Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998. Director Since 1998. Member of Finance Committee and Loan Committee. Total compensation $422,608 in fiscal 2017.
2019-09-19	David J. Bursic, 57, Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998. The loan committee of the Savings Bank consists of Messrs. Bursic from management (Chairman), Grace, Howard, Lehman, Twomey and Unger. David J. Bursic's compensation for the year ended June 30, 2019 was $521,370.
2020-09-11	David J. Bursic 58 Director; President and Chief Executive Officer of the Company and the Savings Bank since June 1998; prior thereto served as Senior Vice President, Treasurer and Chief Financial Officer of the Company and the Savings Bank since 1992 and in various positions with the Company and the Savings Bank since 1985. Mr. Bursic serves as a special advisor to the board of North Hills Community Outreach, a non-profit organization. Mr. Bursic also serves as a member of the Superintendent 27s Business Roundtable for the North Allegheny School District and as a participant on the Federal Reserve Bank of Atlanta 27s Decision-Maker Panel. Mr. Bursic 27s service as President and Chief Executive Officer, his prior positions with the Company, extensive experience in the local banking industry and involvement in business and civic organizations in the Savings Bank 27s market area provide the board of directors valuable insight regarding the business and operations of the Company.
2021-09-15	David J. Bursic, 59, President and Chief Executive Officer. Serves on Finance Committee and is Chairman of Loan Committee. Total compensation $587,156 in fiscal 2021.