MARK BURNETT - Corporate Board Profile

ProPhase Labs, Inc.

Filing Date	Source Excerpt
2010-04-02	Mark Burnett has been a member of our Board since June 2009 and currently serves as Chairman of our Audit Committee and as a member of our Compensation Committee. ... The members of the Audit Committee are Mark Burnett, Jim McCubbin, and Mark Frank. Mr. Burnett serves as Chairman of the Audit Committee. ... The members of the Compensation Committee are John DeShazo, Mark Burnett, and Mark Leventhal. ... Compensation of Directors: Mark Burnett Fee Earned or Paid in Cash ($) 19,900 Total ($) 19,900.
2011-03-16	Mark Burnett has been a member of our Board since June 2009 and currently serves as Chairman of our Audit Committee and as a member of our Compensation Committee. The members of the Audit Committee are Mark Burnett, Jim McCubbin, and Mark Frank. Mr. Burnett serves as Chairman of the Audit Committee. The members of the Compensation Committee are Mark Frank, Mark Burnett, and Mark Leventhal. The Compensation Committee met three times during 2010. The members of the Executive Committee are Ted Karkus, Mark Burnett, and Mark Leventhal.
2012-03-14	Mark Burnett has been a member of our Board since June 2009 and currently serves as Chairman of our Audit Committee and as a member of our Compensation Committee. ... The members of the Audit Committee are Mark Burnett, Jim McCubbin, and Mark Frank. The Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act. Mr. Burnett serves as Chairman of the Audit Committee. ... The members of the Compensation Committee are Mark Frank, Mark Burnett, and Mark Leventhal. Mr. Frank serves as Chairman of the Compensation Committee. ... Director Compensation — Fiscal Year 2011: Mark Burnett received $36,000 total.
2013-04-03	Mark Burnett has been a member of our Board since June 2009 and currently serves as a member of our Compensation Committee and Audit Committee. Each non-employee director receives a monthly Board fee of $3,000, paid quarterly promptly following the close of each quarter, pro-rated for partial service. Mark Burnett received $36,000 in stock awards as director compensation for fiscal year 2012.
2014-04-09	Mark Burnett has been a member of our Board since June 2009 and currently serves as a member of our Compensation Committee and Audit Committee. The members of the Audit Committee are Mark Burnett, Jim McCubbin, and Mark Frank. The members of the Compensation Committee are Dr. Louis Gleckel, Mark Burnett, and Mark Leventhal. Mark Burnett received $36,000 in total director compensation in 2013.
2015-05-11	Mark Burnett has been a member of our Board since June 2009 and currently serves as a member of our Compensation Committee and Audit Committee. Mr. Burnett is the Executive Vice President and Chief Executive Officer for MercBloc, LLC, which he co-founded in 2007. MercBloc, LLC is a financial services administrator that has raised more than $500 million for investment from over 70 high net-worth individuals. Mr. Burnett is also the managing member of Fuse Capital, LLC, which is a private securities trading and investment company. Since 1996, Mr. Burnett has also been in the business of building residential homes in the Nassau County region of Long Island, New York. For over 25 years, he has maintained a seat on the New York Mercantile Exchange, having started his career trading heating oil and crude oil futures contracts. He is a member of NYMEX and currently holds memberships in the Chicago Climate Futures Exchange and the Intellectual Property Exchange International. Mr. Burnett graduated from the State University of New York at Stony Brook in 1981. Mr. Burnett brings to our Board financial expertise including financial structuring, capital raising and investment experience as well as experience in running a company. This financial background, business experience, independence, and his performance as a Board member, led the Board to conclude that he should be nominated to serve another term as a director. The members of the Compensation Committee are Dr. Louis Gleckel, Mark Burnett, and Mark Leventhal. Mr. Leventhal serves as Chairman of the Compensation Committee. The Board has determined that the Compensation Committee consists entirely of directors who meet the independence requirements of the NASDAQ listing standards for Compensation Committee members. The Compensation Committee reviews and approves the salary and all other compensation of officers of the Company, including non-cash benefits, incentive-based awards and equity-based awards. The Compensation Committee also administers the Company’s Amended and Restated 2010 Equity Compensation Plan and the 2010 Directors’ Equity Compensation Plan. The Compensation Committee may form subcommittees and delegate authority to such subcommittees or to one or more of its members when appropriate. The Compensation Committee has the authority to engage consultants. The Compensation Committee met two times during 2014. The Compensation Committee operates under a written charter adopted by the Board in June 2014 which is available on our website at www.ProPhaseLabs.com under “Investor Relations — Corporate Governance and Policies — Compensation Committee Charter.” The current members of the Audit Committee are Mark Burnett, Jim McCubbin, and Mark Frank. The Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act. Mr. Frank serves as Chairman of the Audit Committee, and the Board is considering who will succeed Mr. Frank in this position effective as of the date of the Annual Meeting. The Board has determined that the all of the current members of the Audit Committee and Jason Barr meet the independence requirements of the NASDAQ listing standards and that Mr. McCubbin qualifies as an “audit committee financial expert” as defined by the rules of the SEC. Additionally, our Board has affirmatively determined that each of Mark Burnett, Jim McCubbin and Mark Frank is “independent” as defined by the applicable rules of the Securities and Exchange Commission regarding audit committee independence. The Audit Committee reviews, analyzes and makes recommendations to the Board with respect to the Company’s accounting policies, internal controls and financial statements, consults with the Company’s independent registered public accountants, and reviews filings containing financial information of the Company to be made with the SEC. The Audit Committee met five times during 2014. The Audit Committee operates under a written charter adopted by the Board in 2002 which is available on our website at www.ProPhaseLabs.com under “Investor Relations — Corporate Governance and Policies — Audit Committee Charter.” In setting director compensation, the Company considers the significant amount of time that directors expend in fulfilling their duties to the Company. Each non-employee director receives a quarterly Board fee of $9,000, paid quarterly promptly following the close of each quarter, pro-rated for partial service. Non-employee directors do not receive additional fees for attendance at Board or committee meetings. Under our compensation plan for non-employee directors, approved in June 2009, each non-employee director has the right periodically to elect to receive up to 50% of their board fee in cash, but is required to accept at least 50% in shares of our Common Stock. From the fourth quarter of 2011 until the 2013 annual meeting of stockholders, the Company stopped issuing shares to directors because the Company did not have an adequate reserve of authorized shares available for issuance under the 2010 Directors’ Equity Compensation Plan. In May 2013, our stockholders approved an amendment to the 2010 Directors’ Equity Compensation Plan to increase the number of shares issuable thereunder from 250,000 shares to 425,000 shares. In fiscal 2014 and 2013, we granted 28,327 and 16,470, respectively, of our Common Stock valued at $41,000 and $27,000, respectively, for director compensation. We reimburse each non-employee member of our Board for out-of-pocket expenses incurred in connection with attending Board and Committee meetings. Non-employee directors do not participate in any Company nonqualified deferred compensation plan and we do not pay any life insurance policies for the directors. Any director who is an employee of the Company is not entitled to compensation for service as a Board member.
2016-04-18	Mark Burnett has been a member of our Board since June 2009 and currently serves as a member of our Compensation Committee and chairman of the Audit Committee. Director Compensation for 2015 table shows Mark Burnett received $36,000 in fees earned or paid in cash.
2017-03-03	Mark Burnett
2017-04-20	Mark Burnett has been a member of our Board since June 2009 and currently serves as a member of our Compensation Committee and chairman of the Audit Committee. The Audit Committee met 5 times during 2016. The Compensation Committee met 2 times during 2016. The members of the Compensation Committee are Jason Barr, Dr. Louis Gleckel, and Mark Burnett. Mr. Barr serves as chairman of the Compensation Committee. The Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act. Mr. Burnett serves as Chairman of the Audit Committee.
2018-03-23	Director Compensation for 2017 ... Mark Burnett $39,000 Fees Earned or Paid in Cash ... Non-employee directors do not receive additional fees for attendance at Board or committee meetings.
2018-04-19	Mark Burnett has been a member of our Board since June 2009 and currently serves as a member of our Compensation Committee and chairman of the Audit Committee. ... Mr. Burnett brings to our Board financial expertise including financial structuring, capital raising and investment experience as well as experience in running a company. ... The current members of the Audit Committee are Mark Burnett, Jason Barr and Louis Gleckel. Mr. Burnett serves as Chairman of the Audit Committee. ... Director Compensation for 2017: Mark Burnett Fees Earned or Paid in Cash $39,000.