PETER A. LESSER - Corporate Board Profile

VOXX International Corp

Filing Date	Source Excerpt
2011-06-10	Peter A. Lesser, 76, was elected to the Board of Directors in 2003. Mr. Lesser was the President of X-10 (USA) Inc., a wholesaler of electronic home control and security systems from 1984 through 2009. Mr. Lesser is a founder and shareholder of, and has served as a director of X-10 Limited, the Hong Kong based parent company of X-10 (USA) Inc. since 1979. X-10 Limited is a Bermuda corporation with its headquarters in Hong Kong and has a manufacturing facility in China. He was a Member of the Executive Board of the Consumer Electronics Association (“CEA”) from 1999 to 2010, and was its Industry Executive Advisor from 2005 to 2010. From 1997 through 1999 Mr. Lesser served as the President of the (electronic) Security Industry Association (“SIA”). Mr. Lesser's qualifications to serve on the Board include his demonstrated leadership and knowledge of marketing, operational and strategic issues facing the consumer electronics business gained through his experience as a chief executive officer and director of a leading electronic home control and security system business. In addition, Mr. Lesser's years of service on the boards of the CEA and SIA provide the Board with diverse and valuable expertise. The Audit Committee, which held four (4) meetings during the fiscal year ended February 28, 2011, currently consists of three members, namely, Paul C. Kreuch, Jr., Chairman, Dennis F. McManus, and Peter A. Lesser, all of whom qualify as “independent directors” and as Audit Committee Members under the Nasdaq corporate governance rules. The Compensation Committee, which held three (3) meetings during the fiscal year ended February 28, 2011, currently consists of three members, namely, Messrs. Lesser, Chairman, Kreuch and McManus, each of whom qualify as “independent directors” under the Nasdaq corporate governance rules and as “outside directors” under the Internal Revenue Code of 1986. The Affiliate Transaction Committee which did not meet during the fiscal year ended February 28, 2011, currently consists of three members, namely, Messrs. McManus, Chairman, Kreuch and Lesser. Currently, our non-management directors receive an annual retainer of $25,000, plus $1,500 per meeting attended and $1,000 for compensation committee meetings attended ($2,500 for the chair of the audit committee for in-person meetings of the audit committee). Chairs of each of the audit and compensation committees also receive an additional $15,000 and $10,000 per year, respectively. The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company's directors during the fiscal year ended February 28, 2011. Peter A. Lesser $57,500.
2012-06-08	Peter A. Lesser, 77, was elected to the Board of Directors in 2003. Mr. Lesser was the President of X-10 (USA) Inc., a wholesaler of electronic home control and security systems from 1984 through 2009. Mr. Lesser is a founder and shareholder of, and has served as a director of X-10 Limited, the Hong Kong based parent company of X-10 (USA) Inc. since 1979. X-10 Limited is a Bermuda corporation with its headquarters in Hong Kong and had a manufacturing facility in China from 1987 to 2011. He was a Member of the Executive Board of the Consumer Electronics Association (“CEA”) from 1999 to 2010, and was its Industry Executive Advisor from 2005 to 2010. From 1997 through 1999, Mr. Lesser served as the President of the (electronic) Security Industry Association (“SIA”). Mr. Lesser's qualifications to serve on the Board include his demonstrated leadership and knowledge of marketing, operational and strategic issues facing the consumer electronics business gained through his experience as a chief executive officer and director of a leading electronic home control and security system business. In addition, Mr. Lesser's years of service on the boards of the CEA and SIA provide the Board with diverse and valuable expertise. The Audit Committee, which held seven (7) meetings during the fiscal year ended February 29, 2012, currently consists of three members, namely, Paul C. Kreuch, Jr., Chairman, Dennis F. McManus, and Peter A. Lesser, all of whom qualify as “independent directors” and as Audit Committee Members under the Nasdaq corporate governance rules. The Compensation Committee, which held three (3) meetings during the fiscal year ended February 29, 2012, currently consists of three members, namely, Messrs. Lesser, Chairman, Kreuch and McManus, each of whom qualify as “independent directors” under the Nasdaq corporate governance rules and as “outside directors” under the Internal Revenue Code of 1986. The Affiliate Transaction Committee which met twice during the fiscal year ended February 29, 2012, currently consists of three members, namely, Messrs. McManus, Chairman, Kreuch and Lesser. Currently, our non-management directors receive an annual retainer of $50,000, plus $1,500 per meeting attended and $1,000 for compensation committee meetings attended and $1,500 for the audit committee ($2,500 for the chair of the audit committee for in-person meetings of the audit committee). Chairs of each of the audit and compensation committees also receive an additional $15,000 and $10,000 per year, respectively. The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company's directors during the fiscal year ended February 29, 2012. Peter A. Lesser $56,242 cash, $15,400 compensation committee chair fee, total $71,642.
2013-06-10	Peter A. Lesser, 78, was elected to the Board of Directors in 2003. Mr. Lesser was the President of X-10 (USA) Inc., a wholesaler of electronic home control and security systems from 1984 through 2009. Mr. Lesser is a founder and shareholder of, and has served as a director of X-10 Limited, the Hong Kong based parent company of X-10 (USA) Inc. since 1979. X-10 Limited is a Bermuda corporation with its headquarters in Hong Kong and had a manufacturing facility in China from 1987 to 2011. He was a Member of the Executive Board of the Consumer Electronics Association ("CEA") from 1999 to 2010, and was its Industry Executive Advisor from 2005 to 2010. From 1997 through 1999, Mr. Lesser served as the President of the (electronic) Security Industry Association ("SIA"). Mr. Lesser's qualifications to serve on the Board include his demonstrated leadership and knowledge of marketing, operational and strategic issues facing the consumer electronics business gained through his experience as a chief executive officer and director of a leading electronic home control and security system business. In addition, Mr. Lesser's years of service on the boards of the CEA and SIA provide the Board with diverse and valuable expertise. The Audit Committee, which held six (6) meetings during the fiscal year ended February 28, 2013, currently consists of three members, namely, Paul C. Kreuch, Jr., Chairman, Dennis F. McManus, and Peter A. Lesser, all of whom qualify as "independent directors" and as Audit Committee Members under the Nasdaq corporate governance rules. The Compensation Committee, which held five (5) meetings during the fiscal year ended February 28, 2013, currently consists of three members, namely, Messrs. Lesser, Chairman, Kreuch and McManus, each of whom qualify as "independent directors" under the Nasdaq corporate governance rules and as "outside directors" under the Internal Revenue Code of 1986. The Affiliate Transaction Committee which met once during the fiscal year ended February 28, 2013, currently consists of three members, namely, Messrs. McManus, Chairman, Kreuch and Lesser.
2014-06-10	Peter A. Lesser, 79, was elected to the Board of Directors in 2003. Mr. Lesser was the President of X-10 (USA) Inc., a wholesaler of electronic home control and security systems from 1984 through 2009. The Audit Committee currently consists of three members, namely, Paul C. Kreuch, Jr., Chairman, Peter A. Lesser, and Stan Glasgow. The Compensation Committee currently consists of three members, namely, Messrs. Lesser, Chairman, Kreuch and Glasgow. The Affiliate Transaction Committee currently consists of three members, namely, Messrs. Glasgow, Chairman, Kreuch and Lesser. Currently, our non-management directors receive an annual retainer of $50,000, plus $1,500 per meeting attended, and $1,000 for compensation committee meeting attended and $1,500 for the audit committee ($2,500 for the chair of the audit committee for in-person meetings of the audit committee). Chairs of each of the audit and compensation committees also receive an additional $15,000 and $10,000 per year, respectively. The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company's non-management directors during the fiscal year ended February 28, 2014. Peter A. Lesser: $85,000 cash + $954 other = $85,954 total.
2015-06-10	Peter A. Lesser, 80, was elected to the Board of Directors in 2003. Mr. Lesser was the President of X-10 (USA) Inc., a manufacturer and wholesaler of electronic home control and security systems from 1984 through 2009. Mr. Lesser was also a founder and shareholder of, and served as a director of X-10 Limited, the Hong Kong based parent company of X-10 (USA) Inc. X-10 Limited was a Bermuda corporation with its headquarters in Hong Kong and had a manufacturing facility in China from 1987 to 2011. He was a Member of the Executive Board of the Consumer Electronics Association ("CEA") from 1999 to 2010, and was its Industry Executive Advisor from 2005 to 2010. From 1997 through 1999, Mr. Lesser served as the President of the (electronic) Security Industry Association ("SIA"). Mr. Lesser's qualifications to serve on the Board include his demonstrated leadership and knowledge of marketing, operational and strategic issues facing the consumer electronics business gained through his experience as a chief executive officer and director of a leading electronic home control and security system business. In addition, Mr. Lesser's years of service on the boards of the CEA and SIA provide the Board with diverse and valuable expertise. The Audit Committee, which held six (6) meetings during the fiscal year ended February 28, 2015, currently consists of three members, namely, Paul C. Kreuch, Jr., Chairman, Peter A. Lesser, and Stan Glasgow, all of whom qualify as "independent directors" and as Audit Committee Members under the Nasdaq corporate governance rules. The Compensation Committee, which held two (2) meetings and acted by consent one (1) time during the fiscal year ended February 28, 2015, currently consists of three members, namely, Messrs. Lesser, Chairman, Kreuch and Glasgow, each of whom qualify as "independent directors" under the Nasdaq corporate governance rules and as "outside directors" under the Internal Revenue Code of 1986. The Affiliate Transaction Committee, which did not meet during the fiscal year ended February 28, 2015, currently consists of three members, namely, Messrs. Glasgow, Chairman, Kreuch and Lesser. The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company's non-management directors during the fiscal year ended February 28, 2015. Peter A. Lesser: $118,096.
2016-06-10	Peter A. Lesser, 81, was elected to the Board of Directors in 2003. The Audit Committee currently consists of Paul C. Kreuch, Jr., Chairman, Peter A. Lesser, and Denise Waund Gibson, all of whom qualify as independent directors. The Compensation Committee currently consists of three members, namely, Messrs. Lesser, Chairman and Kreuch, and Ms. Gibson. The Affiliate Transaction Committee currently consists of three members, namely, Ms. Gibson, Chairwoman, and Messrs. Kreuch and Lesser. The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company's non-management directors during the fiscal year ended February 29, 2016. Peter A. Lesser earned $79,122.
2017-06-09	Peter A. Lesser, 82, was elected to the Board of Directors in 2003. The Audit Committee currently consists of Paul C. Kreuch, Jr., Chairman, Peter A. Lesser, Denise Waund Gibson and John Adamovich, Jr. The Compensation Committee currently consists of four members, namely, Messrs. Lesser, Chairman, Kreuch and Adamovich, and Ms. Gibson. The Affiliate Transaction Committee currently consists of four members, namely, Ms. Gibson, Chairwoman, and Messrs. Kreuch, Lesser and Adamovich. The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company's non-management directors during the fiscal year ended February 28, 2017. Peter A. Lesser received $74,067.
2018-06-08	Peter A. Lesser, 83, was elected to the Board of Directors in 2003. ... The Audit Committee, which held four (4) meetings ... currently consists of three members, namely, John Adamovich, Jr., Chairman, Peter A. Lesser and Denise Waund Gibson ... The Compensation Committee ... currently consists of three members, namely, Messrs. Lesser, Chairman, and Adamovich, and Ms. Gibson ... The Affiliate Transaction Committee ... currently consists of three members, namely, Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich ... The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company's non-management directors during the fiscal year ended February 28, 2018. ... Peter A. Lesser $70,000 cash fees plus $360 other compensation totaling $70,360.
2019-06-06	Peter A. Lesser, 84, was elected to the Board of Directors in 2003. ... The Audit Committee, which held five (5) meetings ... currently consists of three members, namely, John Adamovich, Jr., Chairman, Peter A. Lesser and Denise Waund Gibson ... The Compensation Committee, which held two (2) meetings ... currently consists of three members, namely, Messrs. Lesser, Chairman, and Adamovich, and Ms. Gibson ... The Affiliate Transaction Committee, which did not meet during the fiscal year ended February 28, 2019, currently consists of three members, namely, Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich ... The Nominating and Governance Committee was formed on April 10, 2019, and consists of Ari Shalam, as well as three outside directors, including Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich ... The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company’s non-management directors during the fiscal year ended February 28, 2019. Peter A. Lesser FeesEarned or Paid in Cash ($) 72,000 ... All Other Compensation ($) 1,626 ... Total ($) 73,626
2020-06-29	Peter A. Lesser, 85, was elected to the Board of Directors in 2003. ... Mr. Lesser was a Member of the Executive Board of the Consumer Technology Association ("CTA") from 1999 to 2010, and was its Industry Executive Advisor from 2005 to 2010. ... Mr. Lesser's qualifications to serve on the Board include his demonstrated leadership and knowledge of marketing, operational and strategic issues facing the consumer electronics business gained through his experience as a chief executive officer and director of a leading electronic home control and security system business. ... The Audit Committee, which held five (5) meetings and acted by consent once during the fiscal year ended February 29, 2020, currently consists of three members, namely, John Adamovich, Jr., Chairman, Peter A. Lesser and Denise Waund Gibson, all of whom qualify as "independent directors" and as Audit Committee Members under the Nasdaq Stock Market ("Nasdaq") corporate governance rules. ... The Compensation Committee, which held seven (7) meetings and acted by consent once during the fiscal year ended February 29, 2020, currently consists of three members, namely, Messrs. Lesser, Chairman, and Adamovich, and Ms. Gibson, each of whom qualify as "independent directors" under the Nasdaq corporate governance rules and as "outside directors" under the Internal Revenue Code of 1986, as amended (the "Code"). ... The Affiliate Transaction Committee, which held one (1) meeting and did not act by consent during the fiscal year ended February 29, 2020, currently consists of three members, namely, Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich. ... The Nominating and Governance Committee was formed on April 10, 2019, and consists of Ari Shalam, as well as three outside directors, including Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich. ... During the fiscal year ended February 29, 2020, our non-management directors received an annual retainer of $50,000, plus $1,000 for each Board, Compensation Committee, Audit Committee, Nominating and Governance Committee, and Affiliate Transaction Committee meeting attended, whether by phone or in person. Chairs of each of the Audit, Compensation and Affiliate Transaction Committee also receive an additional $10,000 per year. Currently, due to the impact of COVID-19, the fees paid to our non-management directors have been reduced by twenty percent (20%), and thus our non-management directors receive an annual retainer of $40,000, plus $800 for each Board, Compensation Committee, Audit Committee, Nominating and Governance Committee, and Affiliate Transaction Committee meeting attended, whether by phone or in person. Chairs of each of the Audit, Compensation, and Nominating and Governance Committees will receive an additional $8,000 per year. The following table discloses the cash, stock option awards, and other compensation earned, paid, or awarded to each of the Company’s non-management directors during the fiscal year ended February 29, 2020. ... Peter A. Lesser Fees Earned or Paid in Cash $81,000, All Other Compensation $11,788, Total $92,788.
2021-06-17	Peter A. Lesser, 86, was elected to the Board of Directors in 2003. ... Mr. Lesser was a Member of the Executive Board of the Consumer Technology Association ("CTA") from 1999 to 2010, and was its Industry Executive Advisor from 2005 to 2010. ... The Audit Committee of the Board of Directors, which held five (5) meetings and acted by consent once during the fiscal year ended February 28, 2021, currently consists of three members, namely, John Adamovich, Jr., Chairman, Peter A. Lesser, and Denise Waund Gibson, all of whom qualify as “independent directors” and as Audit Committee Members under the Nasdaq Stock Market ("Nasdaq") corporate governance rules. ... The Compensation Committee of the Board of Directors, which held five (5) meetings and acted by consent once during the fiscal year ended February 28, 2021, currently consists of three members, namely, Messrs. Lesser, Chairman, and Adamovich, and Ms. Gibson, each of whom qualify as “independent directors” under the Nasdaq corporate governance rules and as “outside directors” under the Internal Revenue Code of 1986, as amended (the “Code”). ... The Affiliate Transaction Committee of the Board of Directors, which did not meet nor act by consent during the fiscal year ended February 28, 2021, currently consists of three members, namely, Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich. ... The Nominating and Governance Committee of the Board of Directors was formed on April 10, 2019, and consists of Ari Shalam, as well as three outside directors, including Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich. ... The following table discloses the cash, Restricted Stock Unit awards, and other compensation earned, paid, or awarded to each of the Company’s non-management directors during the fiscal year ended February 28, 2021. ... Peter A. Lesser Fees Earned or Paid in Cash ($) 73,800 Stock Awards ($) 88,900 Total ($) 162,700.
2022-06-07	Peter A. Lesser, 87, was elected to the Board of Directors in 2003. ... Mr. Lesser was a Member of the Executive Board of the Consumer Technology Association ("CTA") from 1999 to 2010, and was its Industry Executive Advisor from 2005 to 2010. ... The Audit Committee of the Board of Directors ... currently consists of three members, namely, John Adamovich, Jr., Chairman, Peter A. Lesser, and Denise Waund Gibson, all of whom qualify as “independent directors" ... The Compensation Committee ... currently consists of three members, namely, Messrs. Lesser, Chairman, and Adamovich, and Ms. Gibson ... The Affiliate Transaction Committee ... currently consists of three members, namely, Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich. ... The Nominating and Governance Committee ... consists of Ari Shalam, as well as three outside directors, including Ms. Gibson, Chairwoman, and Messrs. Lesser and Adamovich. ... The Company’s non-management directors receive an annual retainer of $50,000 plus a $5,000 yearly meeting fee ... The following table discloses the cash ... compensation earned, paid, or awarded to each of the Company’s non-management directors during the fiscal year ended February 28, 2022. ... Peter A. Lesser Fees Earned or Paid in Cash $65,000 Total $65,000.