JACOB J. BERNING - Corporate Board Profile

LENDWAY, INC.

Filing Date	Source Excerpt
2015-04-29	Jacob J. Berning, 42, was selected by Air T, Inc. and elected to the Board in December 2014 pursuant to the Standstill Agreement... Mr. Berning joined the Board in December 2014 and received a pro-rated portion of the annual retainer and a one-time grant of a non-qualified stock option to purchase up to 10,000 shares.
2016-04-29	Jacob J. Berning Member Audit Committee Chair Compensation Committee Total compensation $31,250
2017-04-25	Jacob J. Berning, 44, has served as Marketing Vice President at The Schwan Food Company since September 2014. ... He served as a director of the Company from December 2014 until the conclusion of our 2016 Annual Meeting in June 2016. ... He did not stand for re-election at the 2016 Annual Meeting. ... Compensation: $3,500.
2018-06-01	Jacob J. Berning has served as Chairman of the Board since May 2018 and has served as Marketing Vice President at The Schwan Company since September 2014. Mr. Berning has extensive leadership experience across a diverse set of businesses and teams in the consumer-packaged goods industry. His 18 years of marketing experience working with a variety of different brands also includes time as Marketing Director of WhiteWave Foods Company from July 2011 to September 2014 and Marketing Manager at General Mills, Inc. from September 2003 to July 2011. These experiences provide knowledge and understanding of the industry representing the majority of our customer base. He has a BA degree from the University of Minnesota and an MBA from New York University.
2019-04-22	Jacob J. Berning has served as Chairman of the Board since May 2018. The Board has determined that Mr. Berning is an independent director. He serves on the Audit Committee and the Governance, Compensation and Nominating Committee. The following table summarizes the compensation paid to our non-employee directors for 2018. Jacob J. Berning: Total $53,918.
2020-06-12	Jacob J. Berning has served as Chairman of the Board since May 2018 and has served as President of Food Service at The Schwan Company since September 2018. The following table summarizes the compensation paid to our non-employee directors for 2019. Jacob J. Berning: $22,000 Fees Earned or Paid Cash, $30,000 Stock Awards, $52,000 Total.
2021-04-27	Jacob J. Berning has served as Chairman of the Board since May 2018 and has served as President of Food Service at The Schwan Company since September 2018. Prior to that role, Mr. Berning has held several positions since he joined The Schwan Company in 2014. Mr. Berning has extensive leadership experience across a diverse set of businesses and teams in the consumer-packaged goods industry. His 20 years of marketing experience working with a variety of different brands also includes time as Marketing Director of WhiteWave Foods Company from July 2011 to September 2014 and Marketing Manager at General Mills, Inc. from September 2003 to July 2011. He has a Bachelor of Arts degree from the University of Minnesota and an MBA from New York University. These experiences provide knowledge and understanding of the industry representing the majority of our customer base. In 2020, non-employee directors received an annual cash retainer of $17,000 per year of service and the Chairman of the Board and each Committee Chair were eligible to receive an additional annual cash retainer of $5,000. On December 22, 2020, each non-employee director received restricted stock unit grants pursuant to the 2018 Equity Incentive Plan (the “2018 Plan”) worth $15,000 based on the closing price of the Company’s common stock on the date of grant.
2022-04-19	Jacob J. Berning has served as Chairman of the Board since May 2018 and has served as President of Food Service at Schwan’s Company since September 2018. ... The current membership of the Board’s standing committees is set forth in the following table. Jacob J. Berning - Audit Committee Member, Governance, Compensation and Nominating Committee Chair. ... The following table summarizes the compensation paid to our non-employee directors for 2021. Jacob J. Berning Fees Earned or Paid Cash $22,000, Stock Awards $15,000, Total $37,000.