MICHAEL H. LOWRY - Corporate Board Profile

CALIFORNIA FIRST LEASING CORP

Filing Date	Source Excerpt
2001-10-26	The Board has established an Audit Committee. The Audit Committee consists of Messrs. Cacciamatta, Lowry and Ravine. The Audit Committee has responsibility for overviewing: (a) the financial reports and other financial information provided by the Company to any governmental or regulatory body, the public or other users thereof, (b) the Company's systems of internal accounting and financial controls, and (c) the annual independent audit of the Company's financial statements . The Audit Committee met two times during the year ended June 30, 2001. Directors of the Company who are not employees receive annual compensation of $20,000 payable quarterly, plus expenses, for service on the Company and any subsidiary Board. Directors are entitled to participate in the Company's 1995 Stock Option Plan.
2002-10-30	The Board has established an Audit Committee and a Compensation Committee, both of which are made up on only independent directors, Messrs. Cacciamatta, Lowry and Ravine. Directors of the Company who are not employees receive annual compensation of $20,000 payable quarterly, plus expenses, for service on the Company and any subsidiary Board.
2003-10-24	Michael H. Lowry was elected to the Board of Directors in August 1992. ... Michael H. Lowry 58 Director ... The Board of Directors have determined that Messrs. Lowry, Ravine and Cacciamatta are considered to be "independent directors" in accordance with guidelines established by The Nasdaq Stock Market, Inc. ("NASDAQ"), and therefore, a majority of the Board of Directors is independent. The Board has established an Audit Committee and a Compensation Committee, both of which are made up of only the independent directors. ... The Audit Committee has responsibility for overviewing: (a) the financial reports and other financial information provided by the Company to any governmental or regulatory body, the public or other users thereof, (b) the Company's systems of internal accounting and financial controls, and (c) the annual audit of the Company's financial statements, including sole responsibility for engaging the independent auditors. ... Submitted by the Audit Committee of the Company's Board of Directors, Harris Ravine Michael Lowry Danilo Cacciamatta
2004-10-29	Michael H. Lowry Director Age 59 Independent Director The Board of Directors has determined that Messrs. Lowry, Ravine and Cacciamatta are considered to be "independent directors" in accordance with guidelines established by The Nasdaq Stock Market, Inc. The Audit Committee of the Board of Directors is made up of only the independent directors identified above. The Audit Committee held five meetings during fiscal 2004. Directors of the Company who are not employees receive annual compensation of $20,000 payable quarterly, plus expenses.
2005-10-07	Michael H. Lowry was elected to the Board of Directors in August 1992. ... The Audit Committee of the Board of Directors is made up of only the independent directors identified above. ... The Audit Committee held four meetings during fiscal 2005. ... Directors of the Company who are not employees receive annual compensation of either $20,000 or $10,000 payable quarterly, plus expenses, for service on the Company and any subsidiary Board.
2006-10-25	Michael H. Lowry, 61, Director. The Board of Directors has determined that Messrs. Lowry, Ravine and Cacciamatta are considered to be “independent directors” in accordance with guidelines established by The Nasdaq Stock Market, Inc. The Audit Committee of the Board of Directors is made up of only the independent directors identified above. The Audit Committee held eleven meetings in person or by telephone during fiscal 2006. Directors of the Company who are not employees receive annual compensation of $20,000 payable quarterly, plus expenses, for service on the Company and any subsidiary Board.
2007-10-03	Michael H. Lowry, age 62, was elected to the Board of Directors in August 1992. The Audit Committee of the Board of Directors is made up of only the independent directors identified above. The following table summarizes Director Compensation during fiscal year 2007. Michael H. Lowry Fees Earned Or Paid in Cash $20,000, Stock Awards $13,420, Total $33,420.
2008-10-24	Michael H. Lowry, age 63, was elected to the Board of Directors in August 1992. The Audit Committee of the Board of Directors is made up of only the independent directors identified above. Director compensation: $21,118.
2009-10-23	Michael H. Lowry, age 64, was elected to the Board of Directors in August 1992. The Board of Directors has determined that Messrs. Lowry, Ravine and Cacciamatta are considered to be “independent directors” in accordance with guidelines established by NASDAQ. The Audit Committee of the Board of Directors is made up of only the independent directors identified above. The following table summarizes director compensation during fiscal year 2009. Each non-employee director is paid an annual retainer of $20,000. Michael H. Lowry received $20,000.
2010-10-01	Michael H. Lowry, age 65, was elected to the Board of Directors in August 1992. Mr. Lowry is a Managing Director of Nomura Securities North America, LLC, an investment banking firm. Prior to joining Nomura Securities in February 1994, Mr. Lowry had been employed by the investment banking firm of Bear Stearns & Co., Inc. from 1991 to 1993 and by the investment banking firm of Kidder, Peabody & Co. Incorporated from 1970 to 1990. Mr. Lowry has committed eighteen years of service to the Board and is qualified to continue based on this and his experience in various aspects of investment banking and finance, including extensive knowledge and expertise related to capital markets, the financial services industry and working with Boards of Directors on transactional and corporate governance matters.
2011-10-04	Michael H. Lowry, age 66, was elected to the Board of Directors in August 1992. In May 2011, Mr. Lowry was appointed to the Board of CalFirst Bank. From 1994 until he retired January 1, 2011, Mr. Lowry was a Managing Director of Nomura Securities North America, LLC, an investment banking firm. The Audit Committee of the Board of Directors is made up of only the independent directors identified above. The following table summarizes director compensation during fiscal year 2011. Each non-employee director is paid an annual retainer of $20,000, payable quarterly, plus expenses for service on the Company or CalFirst Bank’s Board. Directors who are employees of the Company do not receive any fees for their services as directors and are not listed in the table.
2012-10-05	Michael H. Lowry, age 67, was elected to the Board of Directors in August 1992. In May 2011, Mr. Lowry was appointed to the Board of CalFirst Bank. From 1994 until he retired in December 2010, Mr. Lowry was a Managing Director of Nomura Securities North America, LLC, an investment banking firm. Prior to joining Nomura Securities, Mr. Lowry had been employed by the investment banking firm of Bear Stearns & Co., Inc. from 1991 to 1993 and by the investment banking firm of Kidder, Peabody & Co. Incorporated from 1970 to 1990. Mr. Lowry has committed twenty years of service to the Board and is qualified to continue based on this and his experience in various aspects of investment banking and finance, including extensive knowledge and expertise related to capital markets, the financial services industry and working with Boards of Directors on transactional and corporate governance matters.
2013-10-08	Michael H. Lowry, age 68, was elected to the Board of Directors in August 1992. The Board of Directors has determined that Messrs. Lowry, Ravine and Cacciamatta are considered to be "independent directors" in accordance with guidelines established by NASDAQ. The Audit Committee of the Board of Directors is made up of only the independent directors identified above. The Board of Directors has determined that each Audit Committee member has sufficient knowledge in financial and auditing matters to serve on the committee. Director Compensation table shows Michael H. Lowry received $30,000 in fees.
2014-09-29	Michael H. Lowry, age 69, was elected to the Board of Directors in August 1992. ... Mr. Lowry has committed twenty two years of service to the Board and is qualified to continue based on this and his experience in various aspects of investment banking and finance. ... The Audit Committee of the Board of Directors is made up of only the independent directors identified above. ... The following table summarizes director compensation during fiscal year 2014. Each non-employee director is paid an annual retainer of $30,000. ... Michael H. Lowry $30,000 total compensation.
2015-10-06	Michael H. Lowry, age 70, was elected to the Board of Directors in August 1992. In May 2011, Mr. Lowry was appointed to the Board of CalFirst Bank. From 1994 until he retired in December 2010, Mr. Lowry was a Managing Director of Nomura Securities North America, LLC, an investment banking firm. Prior to joining Nomura Securities, Mr. Lowry had been employed by the investment banking firm of Bear Stearns & Co., Inc. from 1991 to 1993 and by the investment banking firm of Kidder, Peabody & Co. Incorporated from 1970 to 1990. Mr. Lowry has committed over twenty years of service to the Board and is qualified to continue based on this and his experience in various aspects of investment banking and finance, including extensive knowledge and expertise related to capital markets, the financial services industry and working with Boards of Directors on transactional and corporate governance matters.
2016-09-30	Michael H. Lowry, age 71, was elected to the Board of Directors in August 1992. In May 2011, Mr. Lowry was appointed to the Board of CalFirst Bank. From 1994 until he retired in December 2010, Mr. Lowry was a Managing Director of Nomura Securities North America, LLC, an investment banking firm. Prior to joining Nomura Securities, Mr. Lowry had been employed by the investment banking firm of Bear Stearns & Co., Inc. from 1991 to 1993 and by the investment banking firm of Kidder, Peabody & Co. Incorporated from 1970 to 1990. Mr. Lowry has committed over twenty four years of service to the Board and is qualified to continue based on this and his experience in various aspects of investment banking and finance, including extensive knowledge and expertise related to capital markets, the financial services industry and working with Boards of Directors on transactional and corporate governance matters.
2017-11-06	Michael H. Lowry, age 72, was elected to the Board of Directors in August 1992. In May 2011, Mr. Lowry was appointed to the Board of CalFirst Bank. From 1994 until he retired in December 2010, Mr. Lowry was a Managing Director of Nomura Securities North America, LLC, an investment banking firm. Prior to joining Nomura Securities, Mr. Lowry had been employed by the investment banking firm of Bear Stearns & Co., Inc. from 1991 to 1993 and by the investment banking firm of Kidder, Peabody & Co. Incorporated from 1970 to 1990. Mr. Lowry has committed over twenty five years of service to the Board and is qualified to continue based on this and his experience in various aspects of investment banking and finance, including extensive knowledge and expertise related to capital markets, the financial services industry and working with Boards of Directors on transactional and corporate governance matters.
2023-01-06	Michael H. Lowry, age 78, was elected to the Board of Directors in August 1992. ... The Audit Committee of the Board of Directors is made up of only the Independent Directors identified above. ... Each non-employee director is paid an annual retainer of $36,000 plus expenses for service on the Company’s Board.
2023-12-22	Michael H. Lowry, age 79, was elected to the Board of Directors in August 1992. ... The Audit Committee of the Board of Directors is made up of only the Independent Directors identified above. ... Each non-employee director is paid an annual retainer of $36,000 plus expenses for service on the Company’s Board. ... Independent Directors: Michael H. Lowry ... The Audit Committee met two times during fiscal 2023.
2024-09-30	Michael H. Lowry, age 79, was elected to the Board of Directors in August 1992. The Audit Committee of the Board of Directors is made up of only the Independent Directors identified above. Each non-employee director is paid an annual retainer of $36,000 plus expenses for service on the Company’s Board.