DUTCH C. ROSS III - Corporate Board Profile

BROADWAY FINANCIAL CORP \DE\

Filing Date	Source Excerpt
2016-04-29	Dutch C. Ross III is President and Chief Executive Officer of Economic Resources Corporation (ERC)... Mr. Ross has been active in a number of community organizations and has served on the boards of directors of several such organizations, including at Downtown Long Beach YMCA, where he served as Chair / President, at Genesis L.A. Economic Growth Corporation, where he currently chairs the Audit Committee and also serves on the Executive Committee, and at The Valley Economic Development Center, where he formally served as Treasurer and Chairman of the Finance Committee and currently serves on the Finance and Compensation, and Nominating Committees of the board. Audit Committee consists of Ms. Selleck (Chairwoman) and Messrs. Maddox, Chan and upon election, Mr. Ross. Loan Committee consists of Messrs. Chan (Chairman), Maddox, Roberts, Ross and Bradshaw, Ms. Selleck, and Mr. Bellefeuille. Corporate Governance Committee consists of Messrs. Roberts (Chairman), Davidson and Medina. Mr. Ross's compensation is not stated.
2017-04-28	The Audit Committee consists of Ms. Selleck (Chairwoman) and Messrs. Maddox, Chan and Ross. This committee is responsible for the engagement and oversight of the Company's independent registered public accounting firm. The Audit Committee held 15 meetings during 2016. The Loan Committee consists of Messrs. Ross (Chairman), Chan, Maddox, Roberts and Bradshaw, Ms. Selleck, and Mr. Bellefeuille, who is not a Board member but serves as the Bank's Chief Loan Officer. The Loan Committee is responsible for developing the lending policies of the Bank, monitoring the loan portfolio and compliance with established policies and approving specific loans in accordance with the Bank's loan policy. The Loan Committee held 11 meetings during 2016. The Corporate Governance Committee consists of Messrs. Roberts (Chairman), Davidson and Medina. This committee is responsible for the review of the qualifications of persons being considered for election to the board of directors of the Bank, including existing directors, and for nominating candidates for such election. The Corporate Governance Committee held four meetings during 2016. For the year ended December 31, 2016, each member of the Board of Broadway Financial Corporation received $1,000 per meeting for attending monthly and special board meetings. Committee members received an additional annual retainer of $8,000 and Committee Chairpersons received an additional annual retainer of $6,000 for such service, except for the Corporate Governance Committee Chair who received an additional annual retainer of $4,000. The following table summarizes the compensation paid to non-employee directors for the year ended December 31, 2016. Dutch C. Ross III $19,000
2018-06-13	Dutch C. Ross III is President and Chief Executive Officer of Economic Resources Corporation. He is a member of the Audit Committee. For the year ended December 31, 2017, Mr. Ross received total compensation of $33,500.
2019-05-17	Dutch C. Ross III received $26,000 in fees earned or paid in cash, $7,500 in stock awards, and no other compensation, totaling $33,500 for 2018. He serves as Director and is a member of the Audit Committee.
2020-05-20	The Audit Committee consists of Ms. Selleck (Chairwoman) and Messrs. Roberts and Ross. The Loan Committee consists of Messrs. Ross (Chairman), Roberts, Bradshaw, and Ms. Selleck. For the year ended December 31, 2019, committee members received an additional annual retainer of $8,000 and Committee Chairpersons received an additional annual retainer of $6,000 for such service, except for the Corporate Governance Committee Chair, who received an additional annual retainer of $4,000.
2021-09-09	Dutch C. Ross III is the former President and Chief Executive Officer of Economic Resources Corporation (“ERC”), a non-profit corporation with a mission of promoting economic development and job creation in underserved communities. Mr. Ross served in that capacity from 1996 until his retirement in August, 2020. Prior to joining ERC, Mr. Ross held a variety of managerial, financial and planning positions in the corporate divisional, and subsidiary operations of Atlantic Richfield Company (“ARCO”) from January, 1975 to December, 1995. From 1971 to 1975, Mr. Ross was employed in financial analysis positions with The Wickes Corporation. Mr. Ross has been active in a number of community organizations in the Los Angeles area devoted to building stronger communities and has served on the board of directors of several such organizations, including the Downtown Long Beach YMCA, where he served as Chairman; Genesis L.A. Economic Growth Corporation, where he currently serves on the Audit and Finance Committees; and The Valley Economic Development Center, where he formerly served as a board member, and Chairman of the Finance Committee. He has served on the Board since 2016. For the year ended 2020, Dutch C. Ross III received total compensation of $36,500.
2022-09-09	The following table summarizes the compensation paid to non-employee directors for the year ended December 31, 2021. Compensation paid to Mr. Bradshaw for his service as a non-employee director following the Merger is reflected in the Summary Compensation Table. Name: Dutch C. Ross III Fees Earned or Paid in Cash: $35,000 Stock Awards: $7,500 All Other Compensation: $0 Total: $42,500
2023-05-01	The Compensation and Benefits Committee consists of Mr. Davidson (Chair), Mr. Ross, Mr. McGrady, and Dr. Longbrake. The following table summarizes the compensation paid to non-employee directors for the year ended December 31, 2022. Dutch C. Ross III: $56,000 fees earned or paid in cash, $12,000 stock awards, total $68,000.
2024-06-06	Dutch C. Ross III is the former President and Chief Executive Officer of Economic Resources Corporation (“ERC”), a non-profit corporation with a mission of promoting economic development and job creation in underserved communities. Mr. Ross served in that capacity from 1996 until his retirement in August 2020. Prior to joining ERC, Mr. Ross held a variety of managerial, financial, and planning positions in the corporate headquarters, divisional, and subsidiary operations of Atlantic Richfield Company (“ARCO”) from January 1975 to December 1995. From 1971 to 1975, Mr. Ross was employed in financial analysis positions with The Wickes Corporation. Mr. Ross has been active in a number of community organizations in the Los Angeles area that are devoted to building stronger communities and has served on the board of directors of several such organizations, including Genesis L.A. Economic Growth Corporation, where he currently serves on the Audit and Finance Committees. He has served on the Board since 2016. Effective January 1, 2022, the non-employee directors of the Company are entitled to a quarterly fee of $12,500 ("Board Service Retainer"). In addition, outside directors who serve as Chair of one or more committees receive an additional quarterly fee of $1,500 ("Committee Chair Service Retainer"). Members of the Board do not receive separate compensation for their service on the board of directors of the Bank. The following table summarizes the compensation paid to non-employee directors for the year ended December 31, 2023. Dutch C. Ross III: Fees Earned or Paid in Cash $56,000, Stock Awards $12,000, Total $68,000.