MASON MCLAIN - Corporate Board Profile

RESERVE PETROLEUM CO

Filing Date	Source Excerpt
2001-04-20	Mason McLain, Director and President, and Robert T. McLain, Director and Vice President, are brothers. Mason McLain became President of the Company on May 6, 1969. He had previously served as First Vice President since May 3, 1966, and as Second Vice President since May 6, 1958. Mr. McLain devotes substantially all of his time to the affairs of the Company. Directors are compensated on a per meeting basis and only for those board meetings attended. In the years ended December 31, 2000, 1999 and 1998, the directors were compensated in the amount of $500 for each Board Meeting attended. Officers of the Company do not receive additional compensation for Committee Meetings. All Other Compensation includes director fees of $1,000 paid in each of the three years presented.
2002-04-29	Mason McLain, Director and President, and Robert T. McLain, Director and Vice President, are brothers. Mason McLain became President of the Company on May 6, 1969. He had previously served as First Vice President since May 3, 1966, and as Second Vice President since May 6, 1958. Mr. McLain devotes substantially all of his time to the affairs of the Company. The following table sets forth summary information regarding the compensation paid to Mason McLain, President, who functions as Chief Executive Officer. Mason McLain 2001 Annual Cash Compensation Salary $60,480, Bonus $5,040, All Other Compensation $2,500 (includes director fees).
2003-04-28	Mason McLain, Director and President, and Robert T. McLain, Director and Vice President, are brothers. ... Mason McLain became President of the Company on May 6, 1969. ... Mason McLain, President, who functions as Chief Executive Officer. ... All Other Compensation includes director fees of $3,000 paid in 2002. ... directors were compensated in the amount of $1,000 for each of the meetings attended. ... Mason McLain, President, who functions as Chief Executive Officer. ... All Other Compensation includes director fees of $3,000 paid in 2002.
2004-04-23	Mason McLain, Director and President, and Robert T. McLain, Director and Vice President, are brothers. Mason McLain became President of the Company on May 6, 1969. He had previously served as First Vice President since May 3, 1966, and as Second Vice President since May 6, 1958. Mr. McLain devotes substantially all of his time to the affairs of the Company. All Other Compensation includes director fees of $3,000 paid in 2003. Directors were compensated in the amount of $1,000 for each of the meetings attended.
2005-04-27	Mason McLain, Director and President, and Robert T. McLain, Director and Vice President, are brothers. ... Mason McLain became President of the Company on May 6, 1969. ... All Other Compensation includes director fees of $3,000 paid in 2004, $3,000 paid in 2003 and $3,000 paid in 2002. For 2004 and 2003, all other compensation also includes $5,435 for life insurance premiums paid by the Company for a policy owned by Mason McLain.
2006-04-21	Mason McLain, President, who functions as Chief Executive Officer... All "Other Compensation" includes Director fees of $3,000 paid in 2005... All "Other Compensation" also included $5,435 for life insurance premiums paid by the Company for a policy owned by Mason McLain. Directors were compensated in the amount of $1,000 for each of the meetings attended. Mason McLain is a member of the Executive Committee, the entire Board acts as the Audit Committee, and he is on the Nominating Committee.
2007-04-20	Mason McLain, Director and President, and Robert T. McLain, Director and Vice President, are brothers. ... Mason McLain became President of the Company on May 6, 1969. ... The following table sets forth summary information regarding the compensation paid to Mason McLain, our President and Chief Executive Officer. ... Includes Director Fees of $3,000 paid in 2006 and matching contributions made under our 401(k) employee savings plan in the amount of $3,629. ... Mason McLain, President of the Board and President.
2008-04-18	Mason McLain, Director and President, and Robert T. McLain, Director and Vice President, are brothers. Mason McLain became President of the Company on May 6, 1969. He had previously served as 1st Vice President since May 3, 1966, and as 2nd Vice President since May 6, 1958. Mr. McLain devotes substantially all of his time to the affairs of the Company. The following table sets forth summary information regarding the compensation paid to Mason McLain, our President and Chief Executive Officer. Total compensation: $91,921.
2009-04-17	Mason McLain, Director and CEO, and Robert T. McLain, Director, are brothers. Cameron R. McLain, Director and President, and Kyle L. McLain, Director and Executive Vice President, are sons of Mason McLain. ... Mason McLain, currently serving as CEO of the Company... Mr. McLain devotes substantially all of his time to the affairs of the Company... Director Fees of $3,000 paid in 2008 and 2007... Summary Compensation Table shows total compensation of $108,735 for 2008.
2010-04-16	Mason McLain 1 83 Chairman May 3, 1955 ... Mason McLain, Director and Chairman, and Robert T. McLain, Director, are brothers. ... The Board has designated a Nominating Committee, which consists of Mason McLain, Doug Fuller and Bill Smith. ... 2009 Summary Compensation Table ... Mason McLain Chairman 2009 $87,360 Salary, $7,280 Bonus, $8,678 Other Compensation, Total $103,318 ... Mason McLain retired as our CEO on May 19, 2009.
2011-04-15	Mason McLain, Director and Chairman, and Robert T. McLain, Director, are brothers. Cameron R. McLain, Director, CEO and President, and Kyle L. McLain, Director and Executive Vice President, are sons of Mason McLain. ... 2010 Director Compensation Table ... Each other director 2 ... Mason McLain, Cameron McLain, Kyle McLain, Robert T. McLain, Robert Savage, Jerry Crow, William M. (Bill) Smith and Doug Fuller. ... Mason McLain, Chairman 4 ... 2010 Director Compensation Table ... $3,000 ... Mason McLain, Chairman 4 ... Mason McLain retired as our CEO on May 19, 2009, but is still considered an executive officer.
2012-04-19	Mason McLain, Director and Chairman... Member of Executive Committee... The Nominating Committee, which consists of Mason McLain, Doug Fuller and Bill Smith... 2011 Director Compensation Table... Each other Director $3,500
2013-04-26	Mason McLain, Director and Chairman, and Robert T. McLain, Director, are brothers. Cameron R. McLain, Director, CEO and President, and Kyle McLain, Director and Executive Vice President, are sons of Mason McLain. ... The Board has designated a Nominating Committee, which consists of Mason McLain, Doug Fuller and Bill Smith. ... In the year ended December 31, 2012, Directors were compensated in the amount of $1,500 for attending each of the March, May and November meetings. ... 2012 Director Compensation Table ... Each Director 2 ... $4,500 ... Mason McLain, Robert T. McLain, Cameron R. McLain, Kyle McLain, Marvin E. Harris, Robert Savage, Jerry Crow, William M. (Bill) Smith and Doug Fuller.
2014-04-17	Mason McLain, Director and Chairman Emeritus, and Robert T. McLain, Director, are brothers. Mason McLain, Chairman Emeritus since May 30, 2013, served as Chairman and Chief Executive Officer (CEO) from May 6, 1969 until May 19, 2009. The Nominating Committee consists of Mason McLain, Doug Fuller and Bill Smith. In 2013, Directors were compensated $1,500 per meeting for March, May and November meetings. Mason McLain received $3,000 in 2013.