JOHN RAKOLTA, JR. - Corporate Board Profile

AGREE REALTY CORP

Filing Date	Source Excerpt
2012-03-27	John Rakolta, Jr. has been a Director of our Company since August 2011. Mr. Rakolta is the chairman and chief executive officer of Walbridge, a privately held, top-50 construction company founded in Detroit in 1916. The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Rakolta, in light of his strong executive background in business and construction and his leadership skills, to continue to serve as a director of the Board, subject to stockholder approval at this annual meeting. Mr. John Rakolta, Jr. joined the Board in August 2011, and received compensation based on a pro rata basis. Total compensation for 2011 was $9,375.
2013-03-27	John Rakolta, Jr. has been a Director of our Company since August 2011. ... The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Rakolta, in light of his strong executive background in business and construction and his leadership skills, to continue to serve as a director of the Board. ... The following table provides compensation information for the year ended December 31, 2012 for each non-management director. ... John Rakolta, Jr. 22,500.
2014-03-26	John Rakolta, Jr. is a Director aged 66. He does not serve on any committees. He received $22,500 in total compensation in 2013.
2015-03-25	John Rakolta, Jr. has been a Director of our Company since August 2011. Mr. Rakolta is the chairman and chief executive officer of Walbridge. The Board has re-nominated John Rakolta, Jr., 67, Independent Director. The Board has affirmatively concluded that John Rakolta, Jr. is independent under the applicable rules of the NYSE. The Compensation Committee establishes and oversees our director compensation program. During 2014, each non-employee director received an annual retainer fee of $22,500. John Rakolta, Jr. did not serve on any committees in 2014.
2016-03-18	John Rakolta, Jr. has been a Director of our Company since August 2011. Mr. Rakolta is the chairman and chief executive officer of Walbridge, a Top 50 privately-held construction company founded in Detroit in 1916.
2017-03-31	John Rakolta, Jr. has been a Director of our Company since August 2011. Mr. Rakolta is the chairman and chief executive officer of Walbridge, a “Top 50” privately-held construction company founded in Detroit in 1916. ... The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Rakolta, in light of his strong executive background in business and construction and his leadership skills to continue to serve as a director of the Board.
2018-04-03	John Rakolta, Jr. has been a Director of our Company since August 2011. The Board has affirmatively concluded that John Rakolta, Jr. is independent under the applicable rules of the NYSE. The Compensation Committee consists of William S. Rubenfaer (Chairman), Farris G. Kalil, John Rakolta, Jr., and Jerome Rossi. John Rakolta, Jr. received an annual fee of $30,000 in 2017.
2019-03-12	John Rakolta, Jr. Age 71 Title Independent Director Term Ending 2021; John Rakolta, Jr. Compensation: Fees Earned or Paid in Cash $40,000; Committees: Compensation, Nominating and Governance
2021-03-25	John Rakolta, Jr.(3) 73 Independent Director 2021 ... Ambassador John Rakolta, Jr. (Ret.) was reappointed to the Board in February 2021. Mr. Rakolta currently serves as the chairman of Walbridge, on the Board of Directors of Business Leaders for Michigan, and he recently served as the United States Commissioner General of Expo Dubai 2020.
2022-03-23	Ambassador John Rakolta, Jr. (Ret.) was reappointed to the Board in February 2021. Mr. Rakolta currently serves as the chairman of Walbridge, on the Board of Directors of Business Leaders for Michigan, and he recently served as the United States Commissioner General of Expo Dubai 2020.
2023-03-31	Ambassador John Rakolta, Jr. (Ret.) was reappointed to the Board in February 2021. Mr. Rakolta currently serves as the chairman of Walbridge, on the Board of Directors of Business Leaders for Michigan, and he recently served as the United States Commissioner General of Expo Dubai 2020. He previously served on the Board from August 2011 until his confirmation as United States Ambassador to the United Arab Emirates in September 2019. Prior to such confirmation, Mr. Rakolta served as the long-time chairman and chief executive officer of Walbridge, a privately held construction company. Mr. Rakolta also served on the board and was co-chairman of the Metropolitan Affairs Corporation and the Coalition for the Future of Detroit School Children until his confirmation as United States Ambassador to the United Arab Emirates in September 2019. He was also a director and member of the Executive Committee of the Detroit Regional Chamber and served on the Board of Directors of New Detroit, Inc. and the College for Creative Studies. Mr. Rakolta was appointed Romania’s Honorary Consul General to the United States in 1998, a position that he resigned from upon his confirmation as United States Ambassador to the United Arab Emirates in September 2019. He received a Bachelor of Science degree in Civil Engineering from Marquette University in 1970. The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Rakolta, in light of his strong executive background in business and construction and his leadership skills to continue to serve as a director of the Board. John Rakolta held 2,108 shares of unvested restricted stock as of December 31, 2022. In 2022, Mr. Rakolta received $66,000 in fees earned or paid in cash and $66,000 in stock awards.
2024-04-12	Ambassador John Rakolta, Jr. was reappointed to the Board in February 2021. He is chairman of Walbridge and has strong executive background. In 2023, he received $70,000 in cash fees and $110,000 in stock awards.
2025-04-04	Ambassador John Rakolta, Jr. (Ret.) was reappointed to the Board in February 2021. The Board has determined that it is in the best interests of our Company and our stockholders for Mr. Rakolta, in light of his strong executive background in business and construction and his leadership skills to continue to serve as a director of the Board.