JOHN M. DILLON - Corporate Board Profile

TRANSACT TECHNOLOGIES INC

Filing Date	Source Excerpt
2012-04-23	John M. Dillon, 62, was appointed by the Board as a director of the Company on June 6, 2011. Mr. Dillon is currently the CEO of Engine Yard, Inc., the leading cloud platform for automating and developing Ruby on Rails and PHP applications. ... It is comprised of Messrs. Charles A. Dill, John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dillon serving as Chair. ... The Compensation and Corporate Governance Committee ... is comprised of Messrs. Charles A. Dill, John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. ... Executive Committee ... It is comprised of Messrs. Charles A. Dill, John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. ... John M. Dillon ... received 20,500 fees earned or paid in cash and 75,525 stock options for a total of 96,025.
2013-04-18	John M. Dillon, 63, has been a director of the Company since 2011. He is Chair of the Audit Committee. The Audit Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dillon serving as Chair. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. For 2012, John M. Dillon received total compensation of $71,212 as a director.
2014-04-03	John M. Dillon, 64, has been a director of the Company since 2011. Mr. Dillon is Chair of the Audit Committee. The Audit Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dillon serving as Chair. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. Director compensation table shows John M. Dillon with $64,164 total compensation in 2013.
2015-04-02	It is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dillon serving as Chair. The Board has determined that each member of the Audit Committee is an independent director and meets the financial literacy requirements of The NASDAQ Global Market to serve on the Committee. In addition, the Board has determined that Mr. Dillon is an “audit committee financial expert” as defined under the rules of the Securities and Exchange Commission. The Audit Committee met five times during 2014. Compensation for John M. Dillon: Fees Earned Or Paid in Cash ($) 40,000; Stock Options ($) 30,972; Total ($) 70,972.
2016-03-31	Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka serve as the members of the Audit Committee, with Mr. Dillon serving as Chair. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. Director compensation table shows John M. Dillon received $40,000 in fees and $16,200 in stock options for a total of $56,200 in 2015.
2017-04-12	John M. Dillon, 67, has been a director of the Company since 2011. Mr. Dillon is currently the CEO of Aerospike. Mr. Dillon serves as Chair of the Audit Committee. Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka serve as the members of the Audit Committee, with Mr. Dillon serving as Chair. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The total compensation for Mr. Dillon for 2016 was $74,020.
2018-04-12	John M. Dillon, 68, has been a director of the Company since 2011. Mr. Dillon is currently the CEO of Aerospike... Mr. Dillon is also a director at Intacct Corporation and Centerpointe Community Bank... Mr. Dillon brings to our Board his extensive executive experience... The Audit Committee met four times during 2017. Compensation and Corporate Governance Committee met four times during 2017. Nominating Committee met once during 2017. Executive Committee did not meet during 2017. John M. Dillon, Chair of Audit Committee. Compensation and Corporate Governance Committee member. Nominating Committee member. Executive Committee member. Director compensation table shows John M. Dillon received $40,000 fees earned or paid in cash and $34,921 stock awards totaling $74,921.
2019-04-19	John M. Dillon, 69, has been a director of the Company since 2011. Mr. Dillon is currently the CEO of Aerospike, the world’s first flash-optimized database and the fastest database at scale. Prior to joining Aerospike, Mr. Dillon served as CEO of Engine Yard, Inc., the leading cloud platform for automating and developing Ruby on Rails and PHP applications, from 2009 to 2014. He served as CEO for Navis, Inc., a private company specializing in software systems for operating large marine container terminals and distribution centers, from 2002 to 2008. Before Navis, he also served as CEO for Salesforce.com and President and CEO of Hyperion Solutions. He began his career as a Systems Engineer for EDS (Electronic Data Systems) and then moved into a variety of sales management positions for various high-tech companies, including Oracle Corporation. Mr. Dillon holds a Bachelor’s degree in Engineering from the United States Naval Academy and an MBA from Golden Gate University. Mr. Dillon’s qualifications for election to the Company’s Board include private company leadership in his current CEO role at Aerospike and in his previous CEO roles as previously discussed. Mr. Dillon is a former director at Intacct Corporation and Centerpointe Community Bank and has also served as director of several other companies. From his past executive and director positions, Mr. Dillon brings to our Board his extensive executive experience and knowledge operating and managing complex software and technology companies. The Audit Committee met four times during 2018. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka and Ms. Haydee Ortiz Olinger, with Mr. Schwarz serving as Chair. The Board has determined that each member of the Compensation and Corporate Governance Committee is an independent director under the standards of Nasdaq and the SEC. The Compensation and Corporate Governance Committee met four times during 2018. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka and Ms. Olinger, with Mr. Tanaka serving as Chair, until his retirement from the Board, effective May 28, 2019 at which time a new Nominating Committee Chair will be determined. The Board has determined that each member of the Nominating Committee is an independent director under the standards of Nasdaq and the SEC. The Nominating Committee met five times during 2018. The Executive Committee did not meet during 2018. For 2018, each non-employee director of the Company received a retainer of $10,000, for each fiscal quarter served as director as compensation for services rendered. Directors are also reimbursed for reasonable expenses incurred in attending meetings. The Company does not separately compensate directors for service on any committee of the Board. Starting in 2018, each non-employee director receives total equity compensation of $45,000 awarded through RSUs that will convert to common stock on a one-to-one basis and vest 25% per year over four years. This was based on an independent review conducted during 2017 by Compensation Advisory Partners which was engaged by the Compensation Committee to assess the competitiveness of the Board’s total compensation program. Based on the review conducted by Compensation Advisory Partners, the Compensation Committee made a revision to the equity component of the Board’s compensation in order to better align the Board with the Company’s stockholders and long-term performance growth, as well as the compensation of directors of other similar sized public companies. The number of RSUs awarded is calculated based on the share price on the day of grant. In 2018, each non-employee director received a grant of 3,600 RSUs, pursuant to the terms of the Company’s 2014 Equity Incentive Plan. The RSU awards vest at the rate of 25% per year beginning on the first anniversary of the date of grant.
2020-04-23	John M. Dillon, 70, has been a director of the Company since 2011. He is Chair of the Audit Committee and member of Compensation and Corporate Governance Committee, Nominating Committee and Executive Committee. Director compensation table shows John M. Dillon received $40,000 in fees and $45,504 in stock awards for a total of $85,504 in 2019.
2021-04-12	John M. Dillon, 71, has been a director of the Company since 2011. Mr. Dillon is currently the CEO of Aerospike... Mr. Dillon holds a Bachelor27s degree in Engineering from the United States Naval Academy and an MBA from Golden Gate University... Mr. Dillon serves as the Chair of the Audit Committee and is a member of the Compensation and Corporate Governance Committee, Nominating Committee and Executive Committee... Director compensation for 2020: Fees Earned Or Paid in Cash $37,000, Stock Awards $45,080, Total $82,080.
2022-04-18	John M. Dillon, 72, has been a director of the Company since 2011. Mr. Dillon is currently the Chairman of Aerospike, the world’s first flash-optimized database and the fastest database at scale. The Board has determined that Mr. Dillon is an independent director. He serves as Chair of the Audit Committee and is a member of the Compensation Committee, Nominating and Corporate Governance Committee, and Executive Committee. For 2021, each non-employee director of the Company received a retainer of $10,000 in each quarter of 2021 as compensation for services rendered, paid at the start of each quarter. Directors are also reimbursed for reasonable expenses incurred in attending meetings. The Company does not separately compensate directors for service on any Committee of the Board. Each non-employee director receives total equity compensation of approximately $45,000 awarded through RSUs that will convert to common stock on a one-to-one basis and vest 25% per year over four years. In 2021, each non-employee director received a grant of 4,400 RSUs, pursuant to the terms of the Company’s 2014 Equity Incentive Plan, as amended and restated. The RSU awards vest at the rate of 25% per year beginning on the first anniversary of the date of grant.
2023-04-21	John M. Dillon,73, has been a director of the Company since 2011 and interim CEO since April 2023. ... Mr. Dillon received compensation as a non-employee director in 2022.
2024-04-10	John M. Dillon,74, has been a director of the Company since 2011 and CEO since April 2023. ... Mr. Dillon has consented to be named in this Proxy Statement and to serve if elected. ... Mr. Dillon received compensation as a non-employee director in 2023 before he was named CEO. This compensation, as well as his compensation as CEO, is reflected in the Summary Compensation Table.