MICHAEL P. KELLY - Corporate Board Profile

FALCONSTOR SOFTWARE INC

Filing Date	Source Excerpt
2015-03-12	Michael P. Kelly has served as a director at Adept Technology, Inc. since April 1997... Mr. Kelly has been a Director of the Company since October, 2014... The Audit Committee consists of Messrs. Fischer (Chair), Kelly, Lieber and Rubenstein... The table below sets forth the compensation received by our non-employee directors for the year 2014... Michael Kelly Fees Earned or Paid in Cash $5,173, Stock Awards $12,500, Total $17,673.
2017-03-24	Michael P. Kelly has served as a director at Adept Technology, Inc. from April 1997 to October 22, 2015 and also served as Chairman of the Board of Adept from November 2008 to October 22, 2015. Mr. Kelly has also served as Chief Executive Officer of merchant bank, Kinsale Associates, Inc., since October 2005. From July 2005 to October 2005, he was the Chief Executive Officer of Cape Semiconductor Inc., a fabless semiconductor company. From 1994 to 2005, Mr. Kelly held the positions of Vice-Chairman and Senior Managing Director of Broadview International, LLC, an international merger and acquisitions advisory firm and a division of Jefferies Inc. Additionally, he has served as a director of Epicor Software Corporation (EPIC), a provider of enterprise business software solutions, since September 2005. Mr. Kelly received a B.A. in Accounting from Western Illinois University, a M.B.A. from St. Louis University, and is also a Certified Public Accountant. Mr. Kelly has been a director of the Company since October 2014.
2018-06-05	Michael P. Kelly has been a director of the Company since October 2014 and our Chairman of the Board since March 2018. The Audit Committee consists of Messrs. Kelly (Chair), Rudolph and Miller. The Compensation Committee currently consists of Messrs. Hale (Chair), Kelly and Rudolph. The Nominating and Corporate Governance Committee consists of Messrs. Hale (Chair), Kelly, Rudolph and Miller. Each of Messrs. Kelly, Miller and Rudolph received $27,500 in directors fees in 2018 in connection with their service as a director in 2017.
2019-05-23	Michael P. Kelly has served as a director at Adept Technology, Inc. from April 1997 to October 22, 2015 and also served as Chairman of the Board of Adept from November 2008 to October 22, 2015. Mr. Kelly has also served as Chief Executive Officer of merchant bank, Kinsale Associates, Inc., since October 2005. From July 2005 to October 2005, he was the Chief Executive Officer of Cape Semiconductor Inc., a fabless semiconductor company. From 1994 to 2005, Mr. Kelly held the positions of Vice-Chairman and Senior Managing Director of Broadview International, LLC, an international merger and acquisitions advisory firm and a division of Jefferies Inc. Additionally, he has served as a director of Epicor Software Corporation (EPIC), a provider of enterprise business software solutions, since September 2005. Mr. Kelly received a B.A. in Accounting from Western Illinois University, a M.B.A. from St. Louis University, and is also a Certified Public Accountant. Mr. Kelly has been a director of the Company since October 2014 and our Chairman of the Board since March 2018.
2021-06-01	Messrs. Hale, Kelly, Miller and Rudolph received $40,500, $22,375, $10,000, and $15,500 in directors’ fees, respectively, in 2021 in connection with their service as a director in 2020. The cash compensation includes a retainer for all directors plus additional amounts based on service on Board committees, and additional amounts payable to Mr. Kelly for serving as Chairman of the Board and Chairman of the Audit Committee. Based on this compensation plan and assuming continued service as a director in 2021 (including the fees from serving on a committee), Messrs. Hale, Kelly, Miller and Rudolph are entitled to quarterly fees of $12,125 (or $48,500 annually), $17,475 (or $69,900 annually), $10,975 (or $43,900 annually) and $12,100 (or $48,400 annually), respectively.
2022-05-24	Michael P. Kelly has been a director of the Company since October 2014 and our Chairman of the Board since March 2018. ... Mr. Kelly received $69,900 in directors’ fees in 2021. ... The Audit Committee consists of Messrs. Kelly (Chair), Rudolph and Miller. ... The Compensation Committee currently consists of Messrs. Hale (Chair), Kelly and Rudolph. ... The Nominating and Corporate Governance Committee consists of Messrs. Hale (Chair), Kelly, Rudolph and Miller.
2023-05-31	Messrs. Hale, Kelly, Miller and Rudolph received $12,125, $17,475, $10,975, and $12,100 in directors’ fees, respectively, in connection with their service as a director in 2022. The cash compensation includes a retainer for all directors plus additional amounts based on service on Board committees, and additional amounts payable to Mr. Kelly for serving as Chairman of the Board and Chairman of the Audit Committee. Based on this compensation plan and assuming continued service as a director in 2023 (including the fees from serving on a committee), Messrs. Hale, Kelly, Miller and Rudolph are entitled to quarterly fees of $12,125 (or $48,500 annually), $17,475 (or $69,900 annually), $10,975 (or $43,900 annually) and $12,100 (or $48,400 annually), respectively.