JOSEF A. BAUER - Corporate Board Profile

Algorhythm Holdings, Inc.

Filing Date	Source Excerpt
2001-07-10	Josef A. Bauer has served as a director from October 15, 1999 through the present date. BOARD COMMITTEES AND MEETINGS The Audit Committee currently consists of Messrs. Moore, Bauer and Weinberg DIRECTOR'S COMPENSATION The Company currently reimburse each director for expenses incurred in connection with attendance at each meeting of the Board of Directors or a committee on which he serves. In addition, non- employee directors are entitled to be paid a fee of $1,000 for each stockholder and board meeting attended and each Director is entitled to receive 10,000 stock options each year. The Company usually grant these options to our directors on the day before our annual stockholders meeting and the options are valued at our stock's closing price on such date. The options are exercisable upon receipt for a period of five years. In addition, the Company usually grants approximately 20,000 options to new directors when they join the Board.
2002-08-05	Josef A. Bauer has served as a director from October 15, 1999 through the present date. Mr. Bauer previously served as a director of the Singing Machine from February 1990 until September 1991 and from February 1995 until July 1997, when we began our Chapter 11 reorganization proceeding. Mr. Bauer presently serves as the Chief Executive Officer of the following three companies: Banisa Corporation, a privately owned investment company, since 1975; Trianon, a jewelry manufacturing and retail sales companies since 1978 and Seamon Schepps, also a jewelry manufacturing and retail sales company since 1999. ... The Audit Committee currently consists of Messrs. Bauer, Moore and Weinberg. ... The Executive Compensation/Stock Option Committee currently consists of Messrs. Bauer, Moore and Weinberg. ... During fiscal 2002, our non-employee directors received a $1,000 cash stipend for serving on our Board and reimbursement for all reasonable expenses incurred in attending meetings. During fiscal 2003, we are increasing our annual cash stipend to non-employee directors to $10,000 per year.
2004-01-21	Josef A. Bauer 65 Director The Audit Committee held five meetings during fiscal 2003. The members of the Audit Committee during fiscal 2003 were Messrs. Bauer, Moore and Weinberg We issued 2,899 shares of our common stock to each of Jay Bauer and Howard Moore, two of our independent directors, for services that they had rendered on our Board during fiscal 2003. On the date of issuance (August 1, 2003), the value of these shares was $10,000.
2004-11-01	JOSEF A. BAUER has served as a director since October 15, 1999 and as Chairman of the Board since October 2003. Mr. Bauer previously served as a director of the Company from February 1990 until September 1991 and from February 1995 until July 1997, when we began a Chapter 11 proceeding. Mr. Bauer presently serves as the Chief Executive Officer of the following three companies: Banisa Corporation, a privately owned investment company, since 1975; Trianon, a jewelry manufacturing and retail sales companies since 1978 and Seamon Schepps, also a jewelry manufacturing and retail sales company since 1999. The Executive Compensation/Stock Option Committee considers and authorizes remuneration arrangements for senior management and grants options under, and administers our 1994 Stock Option Plan and our Year 2001 Stock Option Plan. The Executive Compensation/Stock Option Committee held one meeting during fiscal 2004 and the members of the Executive Compensation/Stock Option Committee during this time period were Messrs. Bauer, Judkowitz and Appel.
2006-12-11	Josef A. Bauer has served as a director from October 15, 1999. Mr. Bauer previously served as a director of the Singing Machine from February 1990 until September 1991 and from February 1995 until July 1997, when we began our Chapter 11 proceeding. Mr. Bauer presently serves as the Chief Executive Officer of the following three companies: Banisa Corporation, a privately owned investment company, since 1975; Trianon, a jewelry manufacturing and retail sales company since 1978 and Seamon Schepps, also a jewelry manufacturing and retail sales company since 1999.
2007-10-05	Josef A. Bauer has served as a director since October 15, 1999. He serves on the Executive Compensation/Stock Option Committee and the Nominating Committee. His total compensation was $20,400.