MICHAEL BINNEY - Corporate Board Profile

EMERSON RADIO CORP

Filing Date	Source Excerpt
2016-10-26	Mr. Binney, a director of the Company since June 2016, brings extensive public company accounting experience in addition to his knowledge of the Company to the Board of Directors. Since June 2016, Mr. Binney has served as Deputy Chief Executive Officer (Finance Accounting & Company Secretarial) of Grande. He is a Fellow Member of the Institute of Chartered Accountants in England and Wales, a Fellow Member of the Association of Certified Public Accountants and a Fellow Member of the Hong Kong Institute of Certified Public Accountants. From 2010 to March 2016, Mr. Binney served as an Executive Director and Chief Financial Officer of the Vinarco International Group of Companies, an upstream supplier to the oil and gas industry in the Asia-Pacific region. Mr. Binney previously served as a non-executive director of Grande from 2009 to 2010, and as an Executive Director of Grande from 2001 to 2009. He also was a member of the Board of Directors of Lafe Corporation Limited, a company listed on the Singapore Exchange, as a non-executive director from 2009 to 2010 and as Executive Director from 2001 until 2009. Mr. Binney was a member of the Board of Directors of Emerson Radio Corp. from 2005 to 2008. Previous to the above appointments, Mr. Binney worked for over 10 years at major international accounting firms including KPMG and PricewaterhouseCoopers. Based on Mr. Binneys experience in management, accounting and public company reporting, the Board believes that he is well qualified to serve as a director of the Company. The Company does not compensate directors who are employees of the Company for their services as directors.
2018-02-22	Michael Binney, the Chief Financial Officer of the Company since March 2017 and the Company 27s Secretary since July 2017, has also served as a director of the Company since June 2016, bringing extensive public company accounting experience in addition to his knowledge of the Company to the Board of Directors. From November 2016 to December 2017, Mr. Binney served as an Executive Director and Group Chief Financial Officer of The Grande Holdings Limited (now known as Nimble Holdings Company Limited). He is a fellow member of the Institute of Chartered Accountants in England and Wales, a fellow member of the Association of Chartered Certified Accountants and a fellow member of the Hong Kong Institute of Certified Public Accountants. From June 2016 through November 2016, Mr. Binney served as Deputy Chief Executive Officer (Finance Accounting & Company Secretarial) of The Grande Holdings Limited. From 2010 to March 2016, Mr. Binney served as an Executive Director and Chief Financial Officer of the Vinarco International Group of Companies, an upstream supplier to the oil and gas industry in the Asia-Pacific region. Mr. Binney previously served as a non-executive director of The Grande Holdings Limited from 2009 to 2010, and as an Executive Director of The Grande Holdings Limited from 2001 to 2009. He also was a member of the Board of Directors of Lafe Corporation Limited, a company listed on the Singapore Exchange, as a non-executive director from 2009 to 2010 and as Executive Director from 2001 until 2009. Mr. Binney was a member of the Board of Directors of the Company from 2005 to 2008. Previous to the above appointments, Mr. Binney worked for over 10 years at major international accounting firms including KPMG and PricewaterhouseCoopers. Based on Mr. Binney 27s experience in management, accounting and public company reporting, the Board believes that he is well qualified to serve as a director of the Company. During Fiscal 2017, the Company 27s directors who were not employees (" Outside Directors 27) were compensated for serving on the Board and on its various committees during the period. The Company does not compensate directors who are employees of the Company for their services as directors. Outside Directors are each paid an annual director 27s fee of $50,000. The Outside Director serving as the Chairman of the Board receives an additional annual fee of $20,000. Each Outside Director serving on the audit committee of the Board receives an additional fee of $15,000 per annum with no additional fee for serving as chairman of the audit committee. During Fiscal 2017 through May 2016, the Outside Director serving as the Chairman of the special committee received an additional fee of $20,000 per month and each other Outside Director serving on the special committee of the Board received an additional fee of $12,500 per month. In June 2016, the fee structure for the special committee was changed such that each Outside Director serving on the special committee of the Board receives an additional fee of $5,000 per month with no additional fee for serving as chairman of the special committee. The Company does not pay any additional fees for attendance at meetings of the Board or the committees. Audit committee fees and, since June 2017, special committee fees are paid in four equal quarterly installments per annum. Prior to June 2017, special committee fees were paid in monthly installments. Audit committee and special committee fees are pro-rated in situations where an Outside Director serves less than a full one year or periodic term. Additionally, the Company 27s directors are reimbursed their expenses for attendance at meetings. The following table provides certain information with respect to the compensation earned or paid to the Company 27s Outside Directors during Fiscal 2017. Director Compensation for Fiscal 2017 Name Fees Earned or Paid in Cash($) Total($) Michael Binney $ 35,817 $ 35,817
2019-02-22	Michael Binney, the Chief Financial Officer of the Company since March 2017 and the Company’s Secretary since July 2017, has also served as a director since June 2016... Summary Compensation Table for Fiscal 2018: Michael Binney $151,336 total.
2020-02-21	Michael Binney, the Chief Financial Officer of the Company since March 2017 and the Companys Secretary since July 2017, has also served as a director of the Company since June 2016... The Company does not compensate directors who are employees of the Company for their services as directors.
2021-02-19	Michael Binney, the Chief Financial Officer of the Company since March 2017 and the Company’s Secretary since July 2017, has also served as a director of the Company since June 2016... Summary Compensation Table for Fiscal 2020: Michael Binney Chief Financial Officer total compensation $218,307.
2022-02-24	Michael Binney has served as the Chief Operating Officer of the Company since January 2022 and as the Company's Secretary since July 2017... He has also served as a director of the Company since June 2016... Director Compensation for Fiscal 2021: Michael Binney $0 fees earned or paid in cash as he is an employee. Employment agreement provides for an annual base salary of $156,000 and bonus of $20,000. Total compensation $176,307.
2023-02-21	Michael Binney has served as the Chief Operating Officer of the Company since January 2022 and as the Company’s Secretary since July 2017... He has also served as a director of the Company since June 2016... Summary Compensation Table for Fiscal 2022: Michael Binney Total $166,484.
2024-02-21	Michael Binney has served as the Chief Operating Officer of the Company since January 2022 and as the Company’s Secretary since July 2017... He has also served as a director of the Company since June 2016... Summary Compensation Table for Fiscal 2023... Michael Binney 2023 Salary($) 197,404 Bonus($) 8,125 All Other Compensation($) 2,307 Total ($) 207,836
2025-02-18	Michael Binney has served as the Chief Operating Officer of the Company since January 2022 and as the Company’s Secretary since July 2017. Previously, Mr. Binney served as Chief Financial Officer of the Company from March 2017 to January 2022.