KAREN N. HORN, PH.D. - Corporate Board Profile

SIMON PROPERTY GROUP INC /DE/

Filing Date	Source Excerpt
2013-04-04	Karen N. Horn, Ph.D. Independent Director Nominee Age: 69 Director since: 2004 Committees Served: Governance and Nominating (Chair) Other Public Directorships: Eli Lilly and Company, Norfolk Southern Corporation, T. Rowe Price Mutual Funds Retired President, Global Private Client Services and Managing Director, Marsh, Inc., a subsidiary of MMC, having served in these positions from 1999 to 2003. Prior to joining Marsh, she was Senior Managing Director and Head of International Private Banking at Bankers Trust Company; Chairman and Chief Executive Officer, Bank One, Cleveland, N.A.; President of the Federal Reserve Bank of Cleveland; Treasurer of Bell of Pennsylvania; and Vice President of First National Bank of Boston. Ms. Horn has served as Senior Managing Director of Brock Capital Group, a corporate advisory and investment banking firm, since 2003. She is also Vice Chairman of the U.S.-Russia Foundation and a member of the board of the National Bureau of Economic Research. She previously served as a director of Georgia-Pacific Corporation and Fannie Mae. Specific qualifications and experience of particular relevance to our Company Dr. Horn has more than 30 years of experience in international finance and management, including her service as president of the Federal Reserve Bank of Cleveland and as a senior executive of a number of financial institutions. These experiences provide her with expertise in financial management and economic policy and an in-depth knowledge of the capital markets in which we actively participate. Dr. Horn serves as a director of several other publicly-held companies. She is a member of our Governance and Nominating Committee which she chairs.
2014-04-10	Karen N. Horn, Ph.D. Age: 70 Director since: 2004 Committees Served: Governance and Nominating (Chair) 2013 INDEPENDENT DIRECTOR COMPENSATION Karen N. Horn Ph.D. Fees Earned or Paid in Cash: 95,500 Stock Awards: 90,000 Total: 185,500
2015-04-03	Karen N. Horn, Ph.D. Age: 71 Director since: 2004 Committees Served: Governance and Nominating (Chair) Other Public Directorships: Eli Lilly and Company, Norfolk Southern Corporation, T. Rowe Price Mutual Funds
2016-04-01	Karen N. Horn, Ph.D. 72 Retired President, Global Private Client Services and Managing Director, Marsh, Inc. Governance and Nominating (Chair) 2015 INDEPENDENT DIRECTOR COMPENSATION Karen N. Horn Ph.D. 107,900 Fees Earned or Paid in Cash 153,986 Stock Awards Total 261,886
2017-03-31	Karen N. Horn, Ph.D. Age: 73 Director since: 2004 Committees Served: Governance and Nominating (Chair) Other Public Directorships: None The Company compensates its independent directors through the use of annual retainers. The Company provides each independent director an annual cash retainer of $100,000 and an annual restricted stock award retainer with a grant date value of $150,000. In addition to the annual cash and restricted stock retainers for service as a director described above, each independent director also receives additional annual retainers based on his or her role(s) as a committee chairperson, a committee member or Lead Independent Director. The chairperson of the Audit Committee and the chairperson of the Compensation Committee each are paid an annual retainer of $35,000. The chairperson of the Governance and Nominating Committee is paid an annual retainer of $25,000. Each member of the Audit Committee and Compensation Committee is paid a $15,000 annual retainer. Each member of the Governance and Nominating Committee is paid a $10,000 annual retainer. The annual retainer for the Independent Lead Director is $50,000. These committee chairperson, committee member and Lead Independent Director retainers are paid 50% in cash and 50% in restricted stock. 2016 INDEPENDENT DIRECTOR COMPENSATION Karen N. Horn Ph.D. $112,500 $160,356 $272,856
2018-03-28	Karen N. Horn, Ph.D. Age: 74 Director since: 2004 Committees Served: Governance and Nominating (Chair) 2017 INDEPENDENT DIRECTOR COMPENSATION Karen N. Horn Ph.D. Fees Earned or Paid in Cash: $112,500 Stock Awards: 159,190 Total: $271,690
2019-03-27	Karen N. Horn, Ph.D. Age: 75 Director since: 2004 Committees Served: Governance and Nominating (Chair) Other Public Directorships: None Dr. Horn has served as Senior Managing Director of Brock Capital Group, a corporate advisory and investment banking firm, since 2003. Retired President, Global Private Client Services and Managing Director of Marsh, Inc., a subsidiary of Marsh & McLennan Companies, having served in these positions from 1999 to 2003. Prior to joining Marsh, she was Senior Managing Director and Head of International Private Banking at Bankers Trust Company; Chairman and Chief Executive Officer, Bank One, Cleveland, N.A.; President of the Federal Reserve Bank of Cleveland; Treasurer of Bell of Pennsylvania; and Vice President of First National Bank of Boston. She is also Chairman of the National Association of Corporate Directors, Vice Chairman of the U.S. Russia Foundation, and the Chairman and a member of the board of the National Bureau of Economic Research. She previously served as a director of Georgia-Pacific Corporation, Fannie Mae and Eli Lilly and Company, and in the past five years she served as a director of Norfolk Southern Corporation and T. Rowe Price Mutual Funds. Dr. Horn has more than 30 years of experience in international finance and management, including her service as President of the Federal Reserve Bank of Cleveland and as a senior executive of a number of financial institutions. These experiences provide her with expertise in financial management and economic policy and an in-depth knowledge of the capital markets in which we actively participate. Dr. Horn has previously served as a director of several other publicly-held companies. She is a member of our Governance and Nominating Committee, which she chairs. The Company continues to compensate its independent directors through the use of annual retainers. After the independent directors are elected, the Company awards each independent director an annual cash retainer of $110,000, paid quarterly, and makes a restricted stock award with a grant date value of $175,000 that vests on the first anniversary of the grant date. In addition to the annual cash and restricted stock retainers for service as a director described above, each independent director receives additional annual retainers based on his or her role(s) as a committee chairperson, a committee member or Lead Independent Director. The chairperson of the Audit Committee and the chairperson of the Compensation Committee each are paid an annual retainer of $35,000. The chairperson of the Governance and Nominating Committee is paid an annual retainer of $25,000. Each member of the Audit Committee and Compensation Committee is paid a $15,000 annual retainer. Each member of the Governance and Nominating Committee is paid a $10,000 annual retainer. The annual retainer for the Lead Independent Director is $50,000. These committee chairperson, committee member and Lead Independent Director retainers are paid 50% in cash and 50% in restricted stock. The following table sets forth information regarding the compensation we paid to our independent directors for 2018: Karen N. Horn, Ph.D. $118,911 fees earned or paid in cash, $187,547 stock awards, total $306,458.
2020-04-02	Karen N. Horn, Ph.D. Age: 76 Director since: 2004 Committees Served: Governance and Nominating (Chair) Other Public Directorships: None Dr. Horn has served as Senior Managing Director of Brock Capital Group, a corporate advisory and investment banking firm, since 2003.
2021-03-26	Karen N. Horn, Ph.D. Age: 77 Director since: 2004 Committees Served: Governance and Nominating (Chair) 2020 INDEPENDENT DIRECTORS' COMPENSATION Karen N. Horn, Ph.D. Fees Earned or Paid in Cash: $122,500 Stock Awards: $174,637 Total: $297,137
2022-03-30	Dr. Horn has more than 30 years of experience in international finance and management, including her service as President of the Federal Reserve Bank of Cleveland and as a senior executive of a number of financial institutions. These experiences provide her with expertise in financial management and economic policy and an in-depth knowledge of the capital markets in which we actively participate. Dr. Horn has previously served as a director of several other publicly-held companies. She is a member of our Governance and Nominating Committee, which she chairs.