LARRY J. THOELE - Corporate Board Profile

LANDSTAR SYSTEM INC

Filing Date	Source Excerpt
2013-04-11	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013. Mr. Thoele has extensive financial and audit experience, having served as an audit partner for KPMG for 27 years. The members of the Audit Committee are Homaira Akbari, David G. Bannister, Michael A. Henning, Diana M. Murphy and Larry J. Thoele, each an Independent Director. The members of the Compensation Committee are Homaira Akbari, David G. Bannister, Michael A. Henning, Diana M. Murphy and Larry J. Thoele, each an Independent Director. The members of the Nominating and Corporate Governance Committee are Homaira Akbari, David G. Bannister, Michael A. Henning, Diana M. Murphy and Larry J. Thoele, each an Independent Director. The members of the Safety and Risk Committee are Homaira Akbari, David G. Bannister, Jeffrey C. Crowe, Henry H. Gerkens, Michael A. Henning, Diana M. Murphy and Larry J. Thoele. The members of the Strategic Planning Committee are Homaira Akbari, David G. Bannister, Jeffrey C. Crowe, Henry H. Gerkens, Michael A. Henning, Diana M. Murphy and Larry J. Thoele. Each Director other than Mr. Gerkens is paid an annual fee of $75,000 with no additional fees payable for attendance at or participation in Board or committee meetings or service as a chair of a committee of the Board.
2014-04-10	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013, and, subsequently, was elected by the Companys stockholders at the 2013 Annual Meeting as a Class II Director. The members of the Audit Committee are Homaira Akbari, David G. Bannister, Michael A. Henning, Diana M. Murphy and Larry J. Thoele, each an Independent Director. The members of the Compensation Committee are Homaira Akbari, David G. Bannister, Michael A. Henning, Diana M. Murphy and Larry J. Thoele, each an Independent Director. The members of the Nominating and Corporate Governance Committee are Homaira Akbari, David G. Bannister, Michael A. Henning, Diana M. Murphy and Larry J. Thoele, each an Independent Director. The members of the Safety and Risk Committee are Homaira Akbari, David G. Bannister, Henry H. Gerkens, Michael A. Henning, Diana M. Murphy and Larry J. Thoele. The members of the Strategic Planning Committee are Homaira Akbari, David G. Bannister, Henry H. Gerkens, Michael A. Henning, Diana M. Murphy and Larry J. Thoele. Each Director other than Mr. Gerkens is paid an annual fee of $75,000 with no additional fees payable for attendance at or participation in Board or committee meetings or service as a chair of a committee of the Board. Dr. Akbari and Mr. Thoele were each granted 552 restricted shares of Common Stock on January 2, 2013, the first business day immediately following the date of their election to the Board, as a pro-rated portion of each Directors restricted share award for the period of service between January 2013 and the Companys 2013 Annual Meeting. The fair market value of a share of Common Stock on January 2, 2013 was $53.26.
2015-04-07	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013, and, subsequently, was elected by the Companys stockholders at the 2013 Annual Meeting as a Class II Director. Mr. Thoele served as an audit partner with KPMG LLP from 1982 to 2009. Mr. Thoele also served as Managing Partner of the Jacksonville office of KPMG from 1991 to 2007, partner in charge of the North Florida audit practice of KPMG from 1996 to 2007 and as a lead partner in KPMGs private equity practice from 2007 to 2009. Mr. Thoele also served as KPMGs audit engagement partner with the Company from 2002 to 2006.
2016-04-05	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013, and, subsequently, was elected by the Company's stockholders at the 2013 Annual Meeting of Stockholders as a Class II Director. Mr. Thoele served as an audit partner with KPMG LLP from 1982 to 2009. Mr. Thoele also served as Managing Partner of the Jacksonville office of KPMG from 1991 to 2007, partner in charge of the North Florida audit practice of KPMG from 1996 to 2007 and as a lead partner in KPMG's private equity practice from 2007 to 2009. Mr. Thoele also served as KPMG's audit engagement partner with the Company from 2002 to 2006. Mr. Thoele has extensive financial and audit experience, having served as an audit partner for KPMG for 27 years. During his career with KPMG, Mr. Thoele served as the engagement partner for a number of transportation and logistics companies in addition to the Company. Mr. Thoele also has extensive experience working with companies in sectors served by the Company, including oil and gas, manufacturing, food and beverage and retail. In addition to his breadth of experience and expertise in the accounting, auditing and risk management fields, the Board believes Mr. Thoele's service as the Company's audit engagement partner while with KPMG brings valuable in-depth knowledge of the Company's accounting policies, systems and internal controls to the Board.
2017-04-11	Mr. Thoele was appointed as a Director. ... He is an Independent Director. ... He is Chairman of the Safety and Risk Committee. ... He serves on the Audit, Compensation, Nominating and Corporate Governance, Safety and Risk, and Strategic Planning Committees. ... Director Compensation table shows Larry J. Thoele total compensation as $185,426.
2018-04-10	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013, and, subsequently, was elected by the Company’s stockholders at the 2013 Annual Meeting of Stockholders as a Class II Director. Mr. Thoele served as an audit partner with KPMG LLP from 1982 to 2009.
2019-04-09	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013... Mr. Thoele served as Chairman of the Audit Committee... The Audit Committee members include Larry J. Thoele (Chairman)... The Compensation Committee members include Larry J. Thoele... The Nominating and Corporate Governance Committee members include Larry J. Thoele... The Safety and Risk Committee members include Larry J. Thoele... The Strategic Planning Committee members include Larry J. Thoele... For fiscal year 2018, each Independent Director was paid an annual fee of $75,000... Larry J. Thoele total compensation was $187,515.
2020-04-06	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013. ... The Audit Committee members include Larry J. Thoele (Chairman). ... The Compensation Committee members include Larry J. Thoele. ... The Nominating and Corporate Governance Committee members include Larry J. Thoele. ... The Safety and Risk Committee members include Larry J. Thoele. ... The Strategic Planning Committee members include Larry J. Thoele. ... Director Compensation table shows Larry J. Thoele total compensation of $185,528.
2021-03-30	Mr. Thoele was appointed as a Director of the Company by the Board in January 2013, and, subsequently, was elected by the Companys stockholders at the 2013 Annual Meeting of Stockholders as a Class II Director. The Audit Committee members include Larry J. Thoele (Chairman). The Compensation Committee members include Larry J. Thoele. The Nominating and ESG Committee members include Larry J. Thoele. The Safety and Risk Committee members include Larry J. Thoele. The Strategic Planning Committee members include Larry J. Thoele. The total compensation paid to Mr. Thoele during 2020 was $187,658.
2022-03-29	Mr. Larry J. Thoele has informed the Board of his desire to retire from service as a Director of the Company upon the expiration of his current term as of the 2022 Annual Meeting. Following the 2022 Annual Meeting and Mr. Thoele's retirement from service on the Board and each of the committees on which he serves, it is anticipated that the size of the Board will be reduced from nine directors to eight directors.