J. CHRIS VERENES - Corporate Board Profile

SECURITY FEDERAL CORP

Filing Date	Source Excerpt
2002-06-19	J. Chris Verenes has held a variety of management positions with Washington Group International (which manages the Savannah River Site for the Department of Energy) since 1996, and is currently its Director of Planning and Administration. Prior to his position with Washington Group International, Mr. Verenes served as the Controller of Riegel Textile Corporation, as Director of Control Data Business and Technology Center, and as Executive Director of the South Carolina Democratic Party. The Audit Committee, comprised of Director Harry O. Weeks Jr. as Chairman and Directors Moore, Clyburn and Verenes, meets on an as needed basis to review the audit report of the Company and oversee other matters related to the annual audit. This Committee met one time during fiscal 2002. The Company does not compensate the members of its Board of Directors for service on the Board or committees. The Directors of the Bank receive fees of $860 per month. Members of the Executive Committee receive $835 per month for membership on this Committee, with the exception of Messrs. Simmons and Clark, who do not receive a fee for membership on this Committee. Members of the Audit Committee receive $121 per meeting attended. No fee is paid for membership on the Bank's Compensation or Loan Committees.
2003-06-24	J. Chris Verenes has held a variety of management positions with Washington Group International, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy. He is currently the Director of Planning and Administration, and has previously held positions as Chief of Staff and Director of Strategic Programs for the business unit. The Company does not compensate the members of its Board of Directors for service on the Board or committees. The Directors of the Bank receive fees of $1,000 per month. Members of the Executive Committee receive $1,000 per month for membership on this Committee, with the exception of Messrs. Simmons and Clark, who do not receive a fee for service on this Committee. Members of the Audit Committee receive $400 per meeting attended. No fee is paid for service on the Bank's Compensation or Loan Committees.
2004-06-18	J. Chris Verenes was elected President of the Bank effective January 26, 2004. Prior to that, he held a variety of management positions with Washington Group International, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy.
2005-06-17	J. Chris Verenes is President of the Bank and Director of the Company and the Bank, age 49. He serves on the Executive Committee and Loan Committee but does not receive a fee for service on the Executive Committee. The Company does not compensate directors for service on the Board or committees, but Bank directors receive fees. No specific total annual compensation stated for him.
2006-06-16	J. Chris Verenes was elected President of the Bank effective January 26, 2004. The Company does not compensate the members of its Board of Directors for service on the Board or committees. The directors of the Bank receive fees of $1,500 per month. Members of the Executive Committee receive $1,500 per month for membership on this Committee, with the exception of Messrs. Simmons, Verenes and Lindburg, who do not receive a fee for service on this Committee. During the fiscal year ended March 31, 2006, Mr. Verenes' salary was $168,000, and he earned director's fees of $16,497. In addition, he was credited with $24,462 in other compensation (comprised of ESOP contribution of $1,091, employer 401(k) contribution of $5,055, deferred compensation pursuant to the Company's 401(k) plan of $13,497 and employer payment of insurance premiums totaling $4,837) as set forth in the preceding Summary Compensation Table. This resulted in total compensation of $216,959.
2007-06-21	J. Chris Verenes was elected President of Security Federal Bank effective January 26, 2004. Prior to that, he held a variety of management positions with Washington Group International, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy.
2009-06-22	J. Chris Verenes was elected President of the Bank effective January 26, 2004. Prior to that, he held a variety of management positions with Washington Group International, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy. He was Director of Planning and Administration from 2001 to January 2004, Chief of Staff during 2001, Director of Strategic Programs for the business unit from 2000 to 2001 and Deputy Manager of Business Development from 1996 to 2000.
2010-06-29	J. Chris Verenes was elected President of the Bank effective January 26, 2004. Prior to that, he held a variety of management positions with Washington Group International, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy. He was Director of Planning and Administration from 2001 to January 2004, Chief of Staff during 2001, Director of Strategic Programs for the business unit from 2000 to 2001 and Deputy Manager of Business Development from 1996 to 2000. Prior to his employment by Washington Group International, Mr. Verenes served as Controller for Riegel Textile Corporation, as Director of Control Data and Business and Technology Center, and as Executive Director of the South Carolina Democratic Party. Mr. Verenes9 career has given him expertise in management and strategic planning.
2011-06-22	J. Chris Verenes was appointed Chairman of the Board and Chief Executive Officer of the Bank effective January 1, 2011. Prior to that he had served as President of the Bank since 2004. Before joining the Bank he held a variety of management positions with Washington Group International, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy. He was Director of Planning and Administration from 2001 to January 2004, Chief of Staff during 2001, Director of Strategic Programs for the business unit from 2000 to 2001 and Deputy Manager of Business Development from 1996 to 2000. Prior to his employment by Washington Group International, Mr. Verenes served as Controller for Riegel Textile Corporation, as Director of Control Data and Business and Technology Center, and as Executive Director of the South Carolina Democratic Party. Mr. Verenes’ career has given him expertise in management and strategic planning. The Proxy Committee, which is composed of the entire Board of Directors, is responsible for voting the proxies of Security Federal’s shareholders. The Committee met once during the fiscal year ended March 31, 2011. The Bank’s Board of Directors has standing Executive, Audit, Compensation, Loan and Review Committees. The Loan Committee is composed of Directors Verenes (Chairman), T. C. Weeks, Toole, Alexander, Simmons, H.O. Weeks, Jr. and Lindburg. The Loan Committee is responsible for and oversees the Bank’s loan activities. All actions of this Committee are reviewed and ratified by the entire Board. This Committee met 49 times during the fiscal year ended March 31, 2011.
2012-06-22	J. Chris Verenes is President and Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. The Executive Committee of the Bank is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks, Simmons, Lindburg and Thomas. The Loan Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks Simmons, Lindburg and Thomas. The Trust Committee consists of Directors Toole (Chairman), Verenes, Alexander, Weeks, Simmons, Thomas and Adams. The Investment Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Weeks, Thomas and Adams. Compensation for J. Chris Verenes for fiscal year ended March 31, 2012 was $253,969.
2013-03-20	J. Chris Verenes is President and Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. ... The Executive Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks, Simmons, Lindburg and Thomas. ... The Proxy Committee, which is composed of Directors Simmons (Chairman), Toole, Alexander, Weeks, Moore and Clyburn ... The Trust Committee consists of Directors Toole (Chairman), Verenes, Alexander, Weeks, Simmons, Thomas and Adams. ... The Investment Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Weeks, Thomas and Adams. ... The Loan Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks Simmons, Lindburg and Thomas. ... Compensation for Directors J. Chris Verenes, Roy G. Lindburg and Frank M. Thomas, Jr., who are the named executive officers of Security Federal, is included in the section below entitled “Executive Compensation.” ... J. Chris Verenes 2012 transition period total compensation 198,512.
2015-03-23	J. Chris Verenes is Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. The Executive Committee, comprised of Directors Simmons (Chairman), Toole, Alexander, Weeks, Verenes Lindburg, Harmon and Thomas. The Proxy Committee, which is composed of Directors Simmons (Chairman), Toole, Alexander, Weeks, Moore and Clyburn. Compensation for J. Chris Verenes, who is a named executive officer, for the year ended December 31, 2014 was $317,071.
2016-03-21	J. Chris Verenes is Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. He served as President of Security Federal from 2012 until June 2014 and as President of the Bank from 2004 until 2011. Before joining the Bank he held a variety of management positions with Washington Group International, now part of URS Corporation, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy. Mr. Verenes’ career has given him expertise in management and strategic planning. The Executive Committee, comprised of Directors Simmons (Chairman), Toole, Alexander, Weeks, Verenes Lindburg, Harmon and Thomas. The Proxy Committee, which is composed of Directors Simmons (Chairman), Toole, Alexander, Weeks, Moore and Clyburn. The Executive Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks, Simmons, Lindburg, Harmon and Thomas. The Loan Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks Simmons, Lindburg and Thomas. The Trust Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas and Harmon. The Investment Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas and Harmon. J. Chris Verenes received $320,447 in total compensation for the year ended December 31, 2015.
2017-03-20	J. Chris Verenes is Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. He served as President of Security Federal from 2012 until June 2014 and as President of the Bank from 2004 until 2011. Before joining the Bank he held a variety of management positions with Washington Group International, now part of URS Corporation, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy. He was Director of Planning and Administration from 2001 to January 2004, Chief of Staff during 2001, Director of Strategic Programs for the business unit from 2000 to 2001 and Deputy Manager of Business Development from 1996 to 2000. Prior to his employment by Washington Group International, Mr. Verenes served as Controller for Riegel Textile Corporation, as Director of Control Data and Business and Technology Center, and as Executive Director of the South Carolina Democratic Party. Mr. Verenes' career has given him expertise in management and strategic planning. The Executive Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks, Simmons, Lindburg, Harmon and Thomas... The Loan Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks Simmons, Lindburg and Thomas... The Trust Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas and Harmon... The Investment Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas and Harmon...
2018-03-28	J. Chris Verenes is Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank. The Executive Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks, Simmons, Lindburg, Harmon and Thomas. The Audit Committee is comprised of Directors Moore (Chairman), Clyburn, Alexander, Simmons and Thomas. The Trust Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas and Harmon. The Investment Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas and Harmon. The Loan Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks Simmons, Lindburg and Thomas. Compensation for J. Chris Verenes is included in the Executive Compensation section. Total compensation for 2017 was $418,112.
2019-03-25	J. Chris Verenes is Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. He served as President of Security Federal from 2012 until June 2014 and as President of the Bank from 2004 until 2011. Before joining the Bank he held a variety of management positions with Washington Group International, now part of AECOM, an engineering and construction company that also manages and operates major government sites throughout the United States for the Department of Energy. He was Director of Planning and Administration from 2001 to January 2004, Chief of Staff during 2001, Director of Strategic Programs for the business unit from 2000 to 2001 and Deputy Manager of Business Development from 1996 to 2000. Prior to his employment by Washington Group International, Mr. Verenes served as Controller for Riegel Textile Corporation, as Director of Control Data and Business and Technology Center, and as Executive Director of the South Carolina Democratic Party. Mr. Verenes' career has given him expertise in management and strategic planning. The Executive Committee, comprised of Directors Simmons (Chairman), Toole, Alexander, Weeks, Verenes Lindburg, Harmon, Thomas and Cummins, meets on an as needed basis to handle matters arising between Board meetings. This Committee did not meet during the year ended December 31, 2018. The Trust Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas, Harmon, Lindburg and Cummins. This Committee reviews and approves activities of Security Federal Trust, a division of the Bank. This Committee met 22 times during the year ended December 31, 2018. The Investment Committee consists of Directors Toole (Chairman), Verenes, Alexander, Simmons, Thomas, Harmon, Lindburg and Cummins. This Committee reviews and approves activities of Security Federal Investments, a division of the Bank. This Committee met nine times during the year ended December 31, 2018.
2022-04-08	J. Chris Verenes is Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. The Executive Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks, Simmons, Lindburg, Moore, Clyburn, Harmon, Thomas and Cummins. The Proxy Committee, which is composed of Directors Simmons (Chairman), Toole, Alexander, Weeks, Moore, Clyburn, Thomas, Cummins and Harmon is responsible for voting the proxies of Security Federal’s shareholders. The Executive Committee of the Bank is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks, Simmons, Lindburg, Moore, Clyburn, Harmon, Thomas and Cummins. The Loan Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks Simmons, Lindburg, Thomas, Moore, Clyburn, Harmon and Cummins. The Trust Committee consists of Directors Verenes (Chairman), Alexander, Simmons, Thomas, Moore, Clyburn, Toole, Harmon, Lindburg and Cummins. The Investment Committee consists of Directors Verenes (Chairman), Alexander, Simmons, Thomas, Moore, Clyburn, Toole, Harmon, Lindburg and Cummins. The following table shows information regarding compensation earned during the fiscal years ended December 31, 2021 and 2020, for our named executive officers: J. Chris Verenes total compensation was $552,266 in 2021.
2024-04-08	J. Chris Verenes is Chief Executive Officer of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. Compensation for Directors J. Chris Verenes and Roy G. Lindburg is included in the section below entitled “Executive Compensation.” The following table shows information regarding compensation earned during the fiscal years ended December 31, 2023 and 2022, for our named executive officers: J. Chris Verenes: $410,000 salary, $44,550 other compensation, total $506,158.
2025-04-07	J. Chris Verenes Age: 68 Role: Chief Executive Officer and Director of Security Federal and Chairman of the Board and Chief Executive Officer of the Bank Committees: Executive Committee, Loan Committee, Trust Committee (Chairman), Investment Committee (Chairman) Compensation: $517,921 Excerpt: 'The Executive Committee, comprised of Directors Simmons (Chairman), Toole, Alexander, Weeks, Verenes Lindburg, Harmon, Thomas, Cummins, Clyburn and Moore... The Loan Committee is composed of Directors Verenes (Chairman), Toole, Alexander, Weeks Simmons, Lindburg, Thomas, Moore, Clyburn, Harmon and Cummins... The Trust Committee consists of Directors Verenes (Chairman), Alexander, Simmons, Thomas, Moore, Clyburn, Toole, Harmon, Lindburg and Cummins... The Investment Committee consists of Directors Verenes (Chairman), Alexander, Simmons, Thomas, Moore, Clyburn, Toole, Harmon, Lindburg and Cummins... Compensation: $517,921 (Salary $431,000 + Change in Pension Value $39,699 + All Other Compensation $47,222)'}},{