HENRY H. GERKENS - Corporate Board Profile

LANDSTAR SYSTEM INC

Filing Date	Source Excerpt
2005-03-21	Mr. Gerkens has been a Director of the Company and LSHI since May 2000. Mr. Gerkens has been President and Chief Executive Officer of the Company and LSHI since July 1, 2004... The Safety Committee and Strategic Planning Committee are each comprised of all members of the Board of Directors... Directors who are also employees of the Company do not receive any additional compensation for services as a Director or for services on committees of the Board or for meetings or attendance fees.
2006-04-03	Mr. Gerkens has been a Director of the Company and LSHI since May 2000. Mr. Gerkens has been President and Chief Executive Officer of the Company and LSHI since July 1, 2004. He was President and Chief Operating Officer of the Company and LSHI from December 2001 to June 30, 2004. He served as Executive Vice President and Chief Financial Officer of the Company and LSHI from November 1994 to July 2001. He served as Vice President and Chief Financial Officer of the Company from January 1993 to November 1994 and held the same positions at LSHI from August 1988 to November 1994. Mr. Gerkens is a member of the Board of Directors of each wholly-owned direct or indirect subsidiary of the Company (collectively the "Subsidiaries") including: Landstar Gemini, Inc. ("Landstar Gemini") Landstar Inway, Inc. ("Landstar Inway"), Landstar Ligon, Inc., ("Landstar Ligon"), Landstar Contractor Financing, Inc. ("LCFI"), Landstar Carrier Services, Inc. ("LCS"), Risk Management Claim Services, Inc., ("RMCS"), Landstar Ranger, Inc., ("Landstar Ranger"), Signature Insurance Company ("Signature"), Signature Technology Services, Inc. ("STSI"), Landstar Corporate Services, Inc. ("LCSI"), Landstar Global Logistics, Inc. ("Landstar Global Logistics"), Landstar Express America, Inc. ("Landstar Express America") and Landstar Logistics, Inc. ("Landstar Logistics"). For fiscal year 2005, Mr. Gerkens' base salary was $400,000 and he was awarded bonuses totaling $3,000,000. In addition, as of March 1, 2006, Mr. Gerkens held 117,092 shares of the Company's Common Stock and held options to purchase an additional 596,056 shares. Pursuant to the EICP described above under "Annual Bonus", Mr. Gerkens received a bonus of $2,000,000. In light of the outstanding performance Landstar achieved in 2005, the Compensation Committee unanimously determined in February 2006, that Mr. Gerkens should receive an additional cash bonus of $1,000,000 in recognition of these achievements over and above any amounts that would otherwise be due and payable under Landstar's generally applicable compensation practices. During 2005, Mr. Gerkens' compensation including his annual salary plus bonus, exceeded the amount allowable for deduction under Section 162(m) of the internal revenue code of 1986, as amended, by $400,000.
2007-04-02	Mr. Gerkens has been a Director of the Company and LSHI since May 2000... Mr. Gerkens has been President and Chief Executive Officer of the Company and LSHI since July 1, 2004... He is a member of the Board of Directors of each wholly-owned direct or indirect subsidiary of the Company... Directors who are also employees of the Company do not receive any additional compensation for services as a Director, for services on committees of the Board or for attendance at meetings, but are eligible for expense reimbursement.
2008-03-19	Mr. Gerkens has been a Director of the Company and LSHI since May 2000. Mr. Gerkens has been President and Chief Executive Officer of the Company and LSHI since July 1, 2004. He was President and Chief Operating Officer of the Company and LSHI from December 2001 to June 30, 2004. Mr. Gerkens held various other positions at the Company and LSHI since 1988. Mr. Gerkens is a member of the Board of Directors of each current wholly-owned direct or indirect subsidiary of the Company (collectively the "Subsidiaries").
2009-03-23	Mr. Gerkens has been a Director of the Company and Landstar System Holdings, Inc. ("LSHI") since May 2000. Mr. Gerkens has been President and Chief Executive Officer of the Company and LSHI since July 1, 2004. He was President and Chief Operating Officer of the Company and LSHI from December 2001 to June 30, 2004. Mr. Gerkens held various other positions at the Company and LSHI since 1988. Mr. Gerkens is a member of the Board of Directors of each current wholly-owned direct or indirect subsidiary of the Company (collectively the "Subsidiaries"). Directors who are also employees of the Company do not receive any additional compensation for services as a Director, for services on committees of the Board or for attendance at meetings, but are eligible for expense reimbursement. The following table summarizes the compensation paid to Mr. Crowe and the Independent Directors during 2008. Director Compensation... Name Henry H. Gerkens... Total 3,376,444.
2010-03-22	Mr. Gerkens was appointed Chairman of the Board effective January 4, 2010. Mr. Gerkens has been President and Chief Executive Officer of the Company since July 1, 2004... The members of the Safety and Risk Committee are Jeffrey C. Crowe, David G. Bannister, William S. Elston, Henry H. Gerkens, Michael A. Henning and Diana M. Murphy... The members of the Strategic Planning Committee are Jeffrey C. Crowe, David G. Bannister, William S. Elston, Henry H. Gerkens, Michael A. Henning and Diana M. Murphy... Messrs. Crowe and Gerkens, the two Directors who are not Independent Directors, did not receive any compensation for services as a Director, for services on committees of the Board or for attendance at meetings, other than the respective compensation they each received as an employee of the Company.
2011-04-14	On January 4, 2010, the Board elected Henry H. Gerkens as Chairman of the Board in addition to his continuing service as President and Chief Executive Officer of the Company. ... Messrs. Crowe and Gerkens, the two Directors who are not Independent Directors, did not receive any compensation for services as a Director, for services on committees of the Board or for attendance at meetings, but both were eligible for reimbursement of expenses incurred in their capacities as Directors.
2012-04-12	Messrs. Crowe and Gerkens, the two Directors who are not Independent Directors, did not receive any compensation for services as a Director, for services on committees of the Board or for attendance at meetings, but both were eligible for reimbursement of expenses incurred in their capacities as Directors.
2013-04-11	Mr. Gerkens has served as Chairman of the Board since January 4, 2010. Mr. Gerkens has been a Director of the Company since May 2000. Mr. Gerkens has been President and Chief Executive Officer of the Company since July 1, 2004. Mr. Gerkens is a member of the Board of Directors of each of the Subsidiaries other than Signature Insurance Company. Mr. Gerkens, who is not an Independent Director, did not receive any compensation for services as a Director, for services on committees of the Board or for attendance at meetings, but he was reimbursed for expenses incurred in his capacity as a Director.
2014-04-10	Mr. Gerkens has served as Chairman of the Board since January 4, 2010. Mr. Gerkens has been a Director of the Company since May 2000. Mr. Gerkens has been Chief Executive Officer of the Company since July 2004. Mr. Gerkens, who is not an Independent Director, did not receive any compensation for services as a Director, for services on committees of the Board or for attendance at meetings, but he was reimbursed for expenses incurred in his capacity as a Director.