FARRIS G. KALIL - Corporate Board Profile

AGREE REALTY CORP

Filing Date	Source Excerpt
2005-03-25	Farris G. Kalil, 66, has been a director since December 1993. ... Our directors are paid an annual fee of $17,500. In addition, the chairman of our audit committee received an annual fee of $4,000. ... The audit committee members are: Farris Kalil (Chairman), Ellis Wachs and Gene Silverman. ... The executive compensation committee members are: Gene Silverman (Chairman), Ellis Wachs and Farris Kalil. ... The nominating and governance committee members are: Michael Rotchford (Chairman), Farris Kalil and Gene Silverman.
2006-03-31	Farris G. Kalil, 67, has been a director since December 1993. The audit committee members are: Farris Kalil (Chairman), Ellis Wachs and Gene Silverman. The executive compensation committee members are: Gene Silverman (Chairman), Ellis Wachs and Farris Kalil. The nominating and governance committee members are: Michael Rotchford (Chairman), Farris Kalil and Gene Silverman. The chairman of our audit committee receives an annual fee of $4,000. Our directors are paid an annual fee of $17,500.
2007-03-27	Farris G. Kalil, 68, has been a director since December 1993. ... Our directors are paid an annual fee of $17,500. In addition, the chairman of our audit committee receives an annual fee of $4,000. ... The audit committee members are: Farris Kalil (Chairman), Ellis Wachs and Gene Silverman. ... The executive compensation committee members are: Gene Silverman (Chairman), Ellis Wachs and Farris Kalil. ... The nominating and governance committee members are: Michael Rotchford (Chairman), Farris Kalil and Gene Silverman.
2008-03-25	Farris G. Kalil(2) 69 Director 2008; Farris G. Kalil has been a director since December 1993. Mr. Kalil has been a financial consultant since June 1999. From November 1996 until his retirement in May 1999 Mr. Kalil served as Director of Business Development for the Commercial Lending Division of Michigan National Bank, a national banking institution. From May 1994 to November 1996, Mr. Kalil served as a Senior Vice President for Commercial Lending at First of America Bank - Southeast Michigan, N.A. Prior thereto, Mr. Kalil served as a Senior Vice President of Michigan National Bank where he headed the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group, and the Government Insured Multi-Family Department. Mr. Kalil received his B.S. from Wayne State University and continued his education at the Northwestern University School of Mortgage Banking.; The Audit Committee currently believes that we should continue our relationship with Virchow Krause and have appointed Virchow Krause to continue as our independent accountants for 2008. See Report of the Audit Committee and Audit Committee Matters for additional information on matters related to Virchow Krause's provision of services to us.; The Audit Committee is responsible for providing independent, objective oversight of our auditing, accounting and financial reporting processes, including reviewing the audit results and monitoring the effectiveness of our internal audit function. In addition, the Audit Committee engages the independent registered public accounting firm.; The Board has determined that each Audit Committee member has sufficient knowledge in reading and understanding financial statements to serve thereon and is otherwise financially literate. The Board has further determined that Farris Kalil possesses financial management expertise within the meaning of the listing standards of the NYSE. No member of the Audit Committee is an audit committee financial expert within the meaning of applicable SEC rules and the Board has determined that such expert is not required at this time.; The table below provides compensation information for the year ended December 31, 2007 for each non-management director.; Farris G. Kalil - Fees Earned or Paid in Cash: $21,500, Total: $21,500; The Audit Committee is composed entirely of independent directors. The table below sets forth the current membership of the four standing committees of the Board and the number of meetings and written consents in 2007 of such committees: Audit Committee: Farris G. Kalil (Chair), Compensation Committee: Farris G. Kalil (member), Governance Committee: Farris G. Kalil (member), Executive Committee: Farris G. Kalil (member).
2009-03-25	Farris G. Kalil has been a director since December 1993. The Board has affirmatively determined that Farris Kalil is independent under the NYSE listing standards. The table of committees shows Farris G. Kalil is Chair of the Audit Committee and serves on the Compensation Committee and Nominating and Corporate Governance Committee. The Director Compensation section shows Farris G. Kalil received $26,500 in fees in 2008.
2010-03-26	Farris G. Kalil has been a Director of our Company since December 1993. Mr. Kalil has been a financial consultant since June 1999. From November 1996 until his retirement in May 1999, Mr. Kalil served as Director of Business Development for the Commercial Lending Division of Michigan National Bank, a national banking institution. From May 1994 to November 1996, Mr. Kalil served as a Senior Vice President for Commercial Lending at First of America Bank - Southeast Michigan, N.A. Prior thereto, Mr. Kalil served as a Senior Vice President of Michigan National Bank where he headed the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group, and the Government Insured Multi-Family Department. Mr. Kalil received his B.S. from Wayne State University and continued his education at the Northwestern University School of Mortgage Banking. The Board has determined that it is in the best interests of our company and our stockholders for Mr. Kalil, in light of his corporate accounting expertise and his extensive banking and finance experience, including his experience as head of the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group at Michigan National Bank to continue to serve as a director of the Board.
2011-03-25	Farris G. Kalil has been a Director of our Company since December 1993. Mr. Kalil has been a financial consultant since June 1999. From November 1996 until his retirement in May 1999, Mr. Kalil served as Director of Business Development for the Commercial Lending Division of Michigan National Bank, a national banking institution. From May 1994 to November 1996, Mr. Kalil served as a Senior Vice President for Commercial Lending at First of America Bank 6 Southeast Michigan, N.A. Prior thereto, Mr. Kalil served as a Senior Vice President of Michigan National Bank where he headed the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group, and the Government Insured Multi-Family Department. Mr. Kalil received his B.S. from Wayne State University and continued his education at the Northwestern University School of Mortgage Banking. The Board has determined that it is in the best interests of our company and our stockholders for Mr. Kalil, in light of his corporate accounting expertise and his extensive banking and finance experience, including his experience as head of the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group at Michigan National Bank to continue to serve as a director of the Board, subject to stockholder approval at this annual meeting. The Compensation Committee consists of Farris G. Kalil, William S. Rubenfaer, and Gene Silverman (Chairman). During 2010, each non-employee director received an annual retainer fee of $22,500, with the Audit Committee chairman receiving an additional $4,000. The following table provides compensation information for the year ended December 31, 2010 for each non-management director. Farris G. Kalil: $26,500.
2012-03-27	Farris G. Kalil has been a Director of our Company since December 1993. Mr. Kalil has been a financial consultant since June 1999. The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Kalil, in light of his corporate accounting expertise and his extensive banking and finance experience, including his experience as head of the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group at Michigan National Bank to continue to serve as a director of the Board. Mr. Kalil serves as Chair of the Audit Committee and is a member of the Compensation Committee and Nominating and Governance Committee. Total compensation for 2011 was $26,500.
2013-03-27	Farris G. Kalil has been a Director of our Company since December 1993. ... The Board has determined that Farris Kalil possesses financial management expertise within the meaning of the listing standards of the NYSE. ... The Compensation Committee consists of Farris G. Kalil, William S. Rubenfaer, and Gene Silverman (Chairman). ... The following table provides compensation information for the year ended December 31, 2012 for each non-management director. ... Farris G. Kalil 26,500.
2014-03-26	The following table provides compensation information for the year ended December 31, 2013 for each non-management director. Farris G. Kalil received $26,500 in total compensation. He is Chair of the Audit Committee and serves on the Compensation and Nominating and Governance Committees. He is an Independent Director aged 75.
2015-03-25	Farris G. Kalil has been a Director of our Company since December 1993. The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Kalil, in light of his corporate accounting expertise and his extensive banking and finance experience, to continue to serve as a director of the Board. The Compensation Committee establishes and oversees our director compensation program. During 2014, each non-employee director received an annual retainer fee of $22,500, with the Audit Committee chairman receiving an additional $4,000. Farris G. Kalil is the Audit Committee Chair and served on the Compensation and Nominating and Governance Committees in 2014.
2016-03-18	Farris G. Kalil has been a Director of our Company since December 1993. Mr. Kalil has been a financial consultant since June 1999.
2017-03-31	Farris G. Kalil has been a Director of our Company since December 1993. Mr. Kalil has been a financial consultant since June 1999. ... The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Kalil, in light of his corporate accounting expertise and his extensive banking and finance experience, including his experience as head of the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group at Michigan National Bank, to continue to serve as a director of the Board, subject to stockholder approval at this annual meeting.
2018-04-03	Farris G. Kalil has been a Director of our Company since December 1993. Mr. Kalil serves as Chair of the Audit Committee and is a member of the Compensation Committee. He received $30,000 annual fee plus $4,000 for his service as Audit Committee Chairman, totaling $34,000 in 2017.
2019-03-12	Farris G. Kalil Age 80 Title Independent Director Term Ending 2020; Farris G. Kalil Compensation: Fees Earned or Paid in Cash $46,000; Committees: Audit (Chair), Compensation
2020-03-23	Farris G. Kalil(2) 81 Independent Director 2020 ... The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Kalil, in light of his corporate accounting expertise and his extensive banking and finance experience, including his experience as head of the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group at Michigan National Bank, to continue to serve as a director of the Board, subject to stockholder approval at this annual meeting. ... The following table provides compensation information for the year ended December 31, 2019 for each non-management director. ... Farris G. Kalil 56,000 ... Four of our non-management directors elected to receive shares of our common stock in lieu of cash for payment of the fees payable to them for their service in 2019.
2021-03-25	Farris G. Kalil(2) 82 Independent Director 2021 ... The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Kalil, in light of his extensive corporate accounting, tax and finance experience and his many years of local community service activities, to continue to serve as a director of the Board.