DAVID REES - Corporate Board Profile

SOURCE CAPITAL /DE/

Filing Date	Source Excerpt
2001-03-30	David Rees Private investor. Director and formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. ... (3) Member of the Audit Committee of the Board of Directors. (4) Member of the Nominating Committee of the Board of Directors. ... The following information relates to director compensation. Each director who was not an interested person of the Adviser was compensated by the Company at the rate of $14,000 per year plus a fee of $1,000 per day for Board of Directors or Committee meetings attended (effective May 1, 2000, a fee of $500 per day for Special Board of Directors or Committee meetings held via telephone conference). ... David Rees 18,000 18,000
2002-03-28	David Rees, 78 Director 1968 Private investor. Director and formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. David Rees 18,000 18,000
2003-03-31	David Rees, 79, Director, Private investor. Director and formerly President and CEO of the International Institute of Los Angeles. Member of the Audit Committee and Nominating Committee. Total compensation from the Company: $20,000.
2004-03-26	David Rees, 80 Director 1968 Private investor. Director and formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. Total compensation from the Company: $20,500.
2005-03-24	David Rees, 81 Director 1968 Private investor. Director and formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. The five directors who were not interested persons of the Adviser received total directors' fees of $114,500 for 2004. David Rees received $23,000 for 2004.
2006-03-30	David Rees, 82 (1,2) Director 1968 Private investor. Director and formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. David Rees Aggregate Compensation From the Fund $26,250.
2007-03-30	David Rees, 83 (1,2) Director 1968 Private investor. Director and formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. The five directors who were not interested persons of FPA received total directors' fees of $127,500 for 2006. David Rees received $25,500 for 2006.
2008-03-28	David Rees, 84 (1,2) Director 1968 Private investor. Formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. Each director who was not an interested person of FPA was compensated by the Fund at the rate of $20,000 per year plus a fee of $1,750 per day for Board of Directors or Committee meetings attended, and a fee of $500 per day for Special Board of Directors or Committee meetings held via telephone conference. The five directors who were not interested persons of FPA received total directors' fees of $136,500 for 2007. David Rees received $27,000 in aggregate compensation from the Fund in 2007.
2009-03-27	David Rees, 85 (1,2) Director 1968 Private investor. Formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. The five directors who were not interested persons of FPA received total directors' fees of $135,000 for 2008. Each such director is also reimbursed for out-of-pocket expenses incurred as a director. Aggregate Compensation From the Fund: $27,000.
2010-03-31	David Rees, 86 (1,2) Director 1968 Private investor. Formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. During 2009, each director who was not an interested person of FPA was compensated by the Fund at the rate of $20,000 per year plus a fee of $1,750 per day for Board of Directors meetings attended, $1,250 per day for Committee meetings attended that are held on a day other than a Board meeting, and a fee of $500 per day for Special Board of Directors or Committee meetings held and attended via telephone conference. The five directors who were not interested persons of FPA received total directors' fees of $135,000 for 2009.
2011-03-25	David Rees, 87 (1,2) Director 1968 Private investor. Formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. During 2010, each director who was not an interested person of FPA was compensated by the Fund at the rate of $22,000 per year plus fees for meetings attended. David Rees received $32,000 in aggregate compensation from the Fund in 2010.
2012-03-30	David Rees, 88 (1,2) Director 1968 Private investor. Formerly President and Chief Executive Officer of the International Institute of Los Angeles. ... (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. ... During 2011, each director who was not an interested person of FPA was compensated by the Fund at the rate of $22,000 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 Corporate Responsibility 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. ... David Rees Aggregate Compensation From the Fund $34,500.
2013-03-28	David Rees, 89 (1,2) Director 1968 Private investor. Formerly President and Chief Executive Officer of the International Institute of Los Angeles. Formerly, until 1995, the Senior Editor of Los Angeles Business Journal for more than the preceding five years. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating and Governance Committee of the Board of Directors.