Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2001-07-16 | Leonard W. Kedrowski, 59 Owner of Executive Management Consulting, Inc., a management consulting firm; Chief Executive Officer of Creative Promotions International LLC, promotional award programs and products; Vice President, Chief Financial Officer, Treasurer, Secretary and Director of Anderson Corporation, a large privately-held manufacturer of wood windows (1983-1992). |
| 2002-07-18 | Leonard W. Kedrowski 16 Dellwood Avenue, Dellwood, MN 55110 (Age 60) Mr. Kedrowski has served as a director of each of the Municipal Bond Funds since August 1998. Municipal Bond Fund directors serve for a one-year term that expires at the next annual meeting of shareholders. Mr. Kedrowski has served as a Class II director of American Income Fund since October 2000. His current term expires at the 2002 annual meeting of shareholders. He has been nominated for a three year term that will expire at the 2005 annual meeting of shareholders. The Audit Committee currently consists of Messrs. Gibson and Riederer, Ms. Stringer (ex officio) and Mr. Kedrowski, who serves as its chairperson. The Nominating Committee of each Fund's Board of Directors is responsible for recommending to the Board (i) nominees for election as directors, (ii) a successor to the Chair when a vacancy occurs, and (iii) compensation plans and arrangements for the directors, and for reviewing with the Chair the Chair's recommended Committee assignments. Current members of the Nominating Committee are Messrs. Gibson and Riederer, Ms. Stringer (ex officio), and Mr. Hunter, who serves as its chairperson. The following table sets forth the compensation received by each director standing for re-election from each Fund for its most recent fiscal year, as well as the total compensation received by each such director from the Fund Complex for the twelve months ended December 31, 2001.* Mr. Murphy did not receive any compensation from any of the Funds during these periods. Leonard W. Kedrowski $81,000 total compensation from Fund Complex. |
| 2003-09-26 | Leonard W. Kedrowski (Age 61) Director Mr. Kedrowski has served as a director of each of the Municipal Bond Funds since August 1998. The Audit Committee currently consists of Messrs. Gibson and Riederer, Ms. Stringer (ex officio) and Mr. Kedrowski, who serves as its chairperson. Leonard W. Kedrowski total compensation from Fund Complex: $184,375. |
| 2004-08-11 | Leonard W. Kedrowski Director Mr. Kedrowski has served as Owner, Executive and 61 None (1941) a director of each of the Management Consulting, Municipal Bond Funds since Inc., a management August 1998. As a Municipal consulting firm; Board Bond Fund director he serves member, GC McGuiggan for a one-year term that Corporation (dba Smyth expires at the next annual Companies), a label meeting of shareholders. printer; former Chief Mr. Kedrowski has served as a Executive Officer, Class II director of Creative Promotions American Income Fund since International, LLC, October 2000. His current a promotional award term expires at the 2005 programs and products annual meeting of company, through shareholders. October 2003; Advisory Board member, Designer Doors, manufacturer of designer doors, through 2002. |
| 2005-08-05 | Leonard W. Kedrowski (1941) Director Mr. Kedrowski has served as a director of each of the Municipal Bond Funds since August 1998. As a Municipal Bond Fund director he serves for a one-year term that expires at the next annual meeting of shareholders. Mr. Kedrowski has served as a Class II director of American Income Fund since October 2000. He has been nominated for a three- year term that will expire at the 2008 annual meeting of shareholders, except that if shareholders approve Proposal Two, his term will expire at the next annual meeting of shareholders. |
| 2006-10-30 | Leonard W. Kedrowski (1941) Director Mr. Kedrowski has served as a director of each of the Municipal Bond Funds since August 1998. Fund directors serve for a one-year term that expires at the next annual meeting of shareholders. The Audit Committee currently consists of Mr. Kedrowski (chair), Mr. Field, Mr. Riederer and Ms. Stringer (ex officio). The following table sets forth the compensation received by each director standing for re-election from each Fund for its most recent fiscal year, as well as the total compensation received by each such director from the Fund Complex for the fiscal year ended August 31, 2006. Leonard W. Kedrowski $764 $620 $402 $581 $133,750. |
| 2007-10-31 | Leonard W. Kedrowski Director Mr. Kedrowski has served Owner and President, Executive and Management Consulting, Inc., a management consulting firm; Board member, GC McGuiggan Corporation (dba Smyth Companies), a label printer; former Chief Executive Officer, Creative Promotions International, LLC, a promotional award programs and products company, through October 2003; Advisory Board member, Designer Doors, manufacturer of designer doors, through 2002. Fund directors serve for a one-year term that expires at the next annual meeting of shareholders. The Audit Committee currently consists of Mr. Kedrowski (chair), Mr. Field, Mr. Kayser, Mr. Riederer and Ms. Stringer (ex officio). The Board has determined that each member of the Audit Committee is "independent" within the meaning of New York Stock Exchange and American Stock Exchange listing standards and is not an "interested person" as defined in the Investment Company Act of 1940. The following table sets forth the compensation received by each director standing for re-election from each Fund for its most recent fiscal year, as well as the total compensation received by each such director from the Fund Complex for the fiscal year ended August 31, 2007. Leonard W. Kedrowski total compensation from Fund Complex paid to directors: $130,250. |
| 2008-10-24 | Leonard W. Kedrowski (1941) Director Mr. Kedrowski has served as a director of each of the Municipal Bond Funds since August 1998 and of American Income Fund since October 2000. Fund directors serve for a one-year term that expires at the next annual meeting of shareholders. |
| 2009-10-22 | Leonard W. Kedrowski (1941) Director Mr. Kedrowski has served as a director of each of the Municipal Bond Funds since August 1998 and of American Income Fund since October 2000. Fund directors serve for a one-year term that expires at the next annual meeting of shareholders. The Audit Committee currently consists of Mr. Kedrowski (chair), Mr. Field, Mr. Kayser, Mr. Riederer and Ms. Stringer (ex officio). The Board has determined that each member of the Audit Committee is "independent" within the meaning of New York Stock Exchange and American Stock Exchange listing standards and is not an "interested person" as defined in the Investment Company Act of 1940. The following table sets forth the compensation received by each director standing for re-election from each Fund for its most recent fiscal year, as well as the total compensation received by each such director from the Fund Complex for the fiscal year ended August 31, 2009. Leonard W. Kedrowski total compensation from Fund Complex paid to directors: $216,375. |
| 2010-11-05 | Leonard W. Kedrowski (1941) Director Mr. Kedrowski has served as a director of each of the Municipal Bond Funds since August 1998 and of American Income Fund since October 2000. Fund directors serve for a one-year term that expires at the next annual meeting of shareholders. Audit Committee (Chair). Total Compensation from Fund Complex Paid to Directors $189,125. |
| 2011-11-02 | Leonard W. Kedrowski (1941) - Chair of each of the Municipal Bond Funds and American Income Fund since January 2011; Director; member of Audit Committee (ex officio) and Governance Committee (ex officio); compensation $301,000. |
| 2012-10-31 | Leonard W. Kedrowski (1941) Chair;Director Mr. Kedrowski has served as Chair of each of the Municipal Bond Funds and American Income Fund since January 2011. He has served as a director of American Municipal Income Portfolio and Minnesota Municipal Income Portfolio since August 1998, First American Minnesota Municipal Income Fund II since its inception, and American Income Fund since October 2000. Fund directors serve for a one-year term that expires at the next annual meeting of shareholders. The Audit Committee currently consists of Mr. Gibson (chair), Mr. Kayser, Mr. Kedrowski, Mr. Riederer, Mr. Strauss (who is retiring as a director effective December 31, 2012 and is not standing for re-election at the Meeting) and Mr. Wade. The Governance Committee of the Board is responsible for nominating directors and making recommendations to the Board concerning Board composition, committee structure and governance, director education, and governance practices. The members of the Governance Committee are Mr. Wade (Chair), Mr. Gibson, Mr. Kayser, Mr. Kedrowski, Mr. Riederer and Mr. Strauss (who is retiring as a director effective December 31, 2012 and is not standing for re-election at the Meeting). The following table sets forth the compensation received by each director standing for re-election from each Fund for its most recent fiscal year, as well as the total compensation received by each such director from the Fund Complex for the fiscal year ended August 31, 2012. Leonard W. Kedrowski total compensation: $272,750. |
| 2014-06-18 | Leonard W. Kedrowski (1941) Chair; Director Mr. Kedrowski has served as Chair of the Fund since January 2011 and as a First American Board Member of the Fund since October 2000. The Audit Committee currently consists of Mr. Gibson (chair), Mr. Kayser, Mr. Kedrowski, Mr. Riederer and Mr. Wade. The Governance Committee members include Mr. Riederer (Chair), Mr. Gibson, Mr. Kayser, Mr. Kedrowski and Mr. Wade. Compensation: $18,929 from the Fund. |
Data sourced from SEC filings. Last updated: 2025-12-06