PHILIP GARFINKLE - Corporate Board Profile

WIDEPOINT CORP

Filing Date	Source Excerpt
2020-04-24	Philip Garfinkle is a nominee for director. Mr. Garfinkle is a successful technology visionary, bringing a wealth of experience as an entrepreneur, inventor, CEO, and deal maker, with a focus on emerging technologies. He is a five-time successful entrepreneur and has been the senior operating manager in many successful organizations. Mr. Garfinkle is currently Managing Director of Navig8 USA, Senior Managing Partner at Planet Cotton, and President and CEO of NewSight Reality. He also serves as an Economic Evaluator for the MIPS program in the state of Maryland. He possesses a unique blend of technological and business acumen to guide business on a path to success. He was a co-founder of Yazam, an Israeli / global Venture Capital / Merchant Banking organization, which he sold to US Technologies. He also founded PhotoNet Japan, which went public in 2002, PictureVision (Chairman, CEO, and President), which he led the sale to Kodak, where he also served as a Senior Executive. PictureVision pioneered online photo processing, sharing, and printing services. He established alliances with AOL for “You’ve Got Pictures,” Sony’s ImageStation, Adobe, and many other major product lines. PictureVision was known for its excellence in engineering which he multi-located globally. Mr. Garfinkle has also served as Chairman of Johns Hopkins Technology Advisory Board, focused on technology transfer from academia to the commercial sector. Mr. Garfinkle brings to the Board extensive knowledge of technology and entrepreneurial experience. This experience, as well as his independence from the Company, led the Board to conclude that he should serve as a director of the Company.
2020-07-08	Philip Richter (likely Philip Garfinkle) - Appointed as Class II director and as a member of the Corporate Governance and Nominating Committee and the Compensation Committee of the Board.
2022-04-29	Philip Garfinkle has served as an independent director since June 18, 2020. He is Chairman of the Board. He serves on the Audit Committee, Corporate Governance and Nominating Committee, and Compensation Committee. His total annual compensation is $90,000.
2023-05-02	Philip Garfinkle, 62, Director, Chairman of the Board. He has served as an independent director since June 18, 2020. He is Chairman of the Board. Committees: Board of Directors, Audit Committee (Chair), Corporate Governance and Nominating Committee, Compensation Committee. Compensation: $105,000 total annual compensation in 2022.
2024-04-29	Phil Garfinkle has served as an independent director since his appointment on June 18, 2020. ... The Board currently has the following standing Committees: Audit; Corporate Governance and Nominating and Compensation. ... Philip Garfinkle Board Class II Term End 2026 Committees: Audit, Corporate Governance and Nominating (Chair), Compensation (Chair). ... In 2023, the Compensation Committee of the Board of Directors recommended, and the full Board of Directors approved, an increased annual retainer per board member commencing following the annual stockholder meeting held in 2022 to include $30,000 in cash and $60,000 in restricted stock ($80,000 in restricted stock for Board Chairman). ... The chairs of each committee receive additional cash retainers of $3,000 for Nominating and Corporate Governance, $5,000 for Compensation and $7,500 for Audit and each non-chair member of each committee also receives additional cash retainers ($2,000 for Nominating and Corporate Governance, $3,000 for Compensation and $4,000 for Audit). ... For 2024, the annual board retainers will remain the same as in 2023 and the additional cash retainers for the chairs of each committee will be $8,750 for Nominating and Corporate Governance, $10,000 for Compensation and $12,500 for Audit and each non-chair member of each committee also receives additional cash retainers ($5,000 for Nominating and Corporate Governance, $5,000 for Compensation and $6,000 for Audit).