Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2015-03-20 | Richard O. Schaum Age: 68 Role: Director Committee: Corporate Governance Committee Compensation: $216,493 Excerpt: "Mr. Schaum has been General Manager of 3rd Horizon Associates LLC... Mr. Schaum is also a director of Gentex Corporation and Sterling Construction Co." and "The present members of the Corporate Governance Committee are Directors Schaum (Chairman), Carlson and Drummond." and "Richard O. Schaum 101,500 Fees Earned or Paid in Cash, 114,993 Stock Awards, Total 216,493" |
| 2016-03-18 | Richard O. Schaum 2005 69 Mr. Schaum has been General Manager of 3rd Horizon Associates LLC, a technology assessment and development company, since May 2003. He was Vice President and General Manager of Vehicle Systems for WaveCrest Laboratories, Inc. from October 2003 until June 2005. Before that, for more than 30 years he was with DaimlerChrysler and its predecessor Chrysler Corporation, most recently as Executive Vice President, Product Development from January 2000 until his retirement in March 2003. Mr. Schaum is a fellow of the Society of Automotive Engineers and served as its President in 2007. Mr. Schaum is also a director of Gentex Corporation and Sterling Construction Co. Mr. Schaum's nearly four decades of business experience in program management, product development and manufacturing in the global automotive industry bring technological understanding, innovation expertise and extensive industry knowledge to BorgWarner's board. At WaveCrest Laboratories he oversaw development and commercialization of proprietary transportation systems. As Executive Vice President of Product Development at Chrysler, Mr. Schaum led all Powertrain Operations, a business with $7 billion in sales. He has intimate knowledge of the kinds of products BorgWarner must develop for the future of transportation. Board Committees The Corporate Governance Committee. The present members of the Corporate Governance Committee are Directors Schaum (Chairman), Carlson, Drummond and Sato. Director Compensation Richard O. Schaum 103,000 fees earned or paid in cash 115,003 stock awards Total 218,003 |
| 2017-03-17 | Age: 70Director Since: 2005Other Current Directorships: Gentex Corporation, Sterling Construction Co. BorgWarner Committees: GovernanceChair |
| Filing Date | Source Excerpt |
|---|---|
| 2010-03-26 | Richard O. Schaum None Age 63 |
| 2011-03-25 | Richard O. Schaum Member of the Audit Committee Member of the Compensation Committee (Chairman) Fees Earned or Paid in Cash ($) 34,246 Stock Awards ($) 50,000 Total ($) 84,246 |
| 2012-03-28 | Richard O. Schaum Audit Committee Compensation Committee (Chairman) Age: 65 Director Fees Earned or Paid in Cash: $57,350 Stock Awards: $50,000 Total: $107,350 |
| 2013-03-28 | Independent Directors Richard O. Schaum Audit Committee Compensation Committee (Chairman) ... The following table shows the compensation paid for 2012 to non-employee directors who served during 2012. Richard O. Schaum Fees Earned or Paid in Cash ($): 64,498 Stock Awards ($): 50,000 Total ($): 114,498 |
| 2014-04-09 | Richard O. Schaum Audit Committee, Compensation Committee ... Name: Richard O. Schaum Age: 67 Role: Director Committees: Audit Committee, Compensation Committee Director Compensation: $61,917 Fees Earned + $50,000 Stock Awards = $111,917 total. |
| 2015-03-27 | Richard O. Schaum (nominee) General Manager, 3rd Horizon Associates LLC, a technology assessment and development company. Mr. Schaum has served in the above capacity since May 2003. From October 2003 until June 2005, he was Vice President and General Manager of Vehicle Systems for WaveCrest Laboratories, Inc. and led its vehicle systems development group. Prior to that, for more than thirty years, he was with DaimlerChrysler Corporation, and its predecessor, Chrysler Corporation, most recently, from January 2000 until his retirement in March 2003, as Executive Vice President, Product Development. Experience, Qualifications, Attributes & Skills. Mr. Schaum has extensive executive and management experience at all levels in a Fortune 100 company, and knowledge of, and interest in, corporate governance matters, gained on the board of a Fortune 500 company. In addition, his technical background and his operating experience at all levels of management contribute to the breadth and depth of the Board's deliberations. Mr. Schaum is a fellow of the Society of Automotive Engineers and served as its President from 2007 to 2008. He earned a B.S. in Mechanical Engineering from Drexel University and an M.S. in Mechanical Engineering from the University of Michigan. Other Directorships. Mr. Schaum is currently a director of BorgWarner Inc., a publicly-traded company that manufactures and sells technologies for engines and drive trains, and Gentex Corporation, a publicly-traded company that manufactures and sells automotive electro-chromic dimming mirrors, windows, camera-based driver assist systems, and commercial fire protection products. Director Compensation Paid for 2014. Set forth below is a table showing the compensation paid for 2014 to each non-employee director who served for any period during 2014. The amounts are based on the standard director compensation arrangements described above. In 2014, Peter E. MacKenna and Patrick T. Manning were directors and employees of the Company, and both were compensated as employees, not as directors. Mr. Manning left the Company after the May 2014 Annual Meeting of Stockholders, and Mr. MacKenna left the Company in January 2015. None of the Company's non-employee directors received any compensation for any other service provided to the Company. In the table below, — Fees Earned or Paid in Cash include meeting fees, the directors' annual retainer fee, annual fees for serving as the Chair of a committee or as Chairman of the Board. Stock Awards show the dollar value of the annual award of restricted stock made following the Annual Meeting of Stockholders to each director. The award is denominated in dollars, not shares, so this number is the aggregate grant date fair value computed in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 718. The cost does not reflect any estimates made for financial statement reporting purposes of future forfeitures related to service-based vesting conditions. The valuation of the awards is described in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 in Note 16 of Notes to Consolidated Financial Statements. No amounts earned by a director have been capitalized on the balance sheet for 2014. Name Fees Earned or Paid in Cash ($) Stock Awards ($) Total ($) Richard O. Schaum 76,250 50,000 126,250 |
| 2016-03-24 | Richard O. Schaum Director 69 General Manager, 3rd Horizon Associates LLC Audit Compensation 2010 Fees Earned or Paid in Cash: 81,250 Stock Awards: 50,000 Total: 131,250 |
| 2017-03-17 | Richard O. Schaum Director 70 General Manager, 3rd Horizon Associates LLC Audit Compensation 2010 |
| 2018-03-20 | Richard O. Schaum, 71, General Manager, 3rd Horizon Associates LLC, Director Since 2010, Independent, Committees: Audit, Compensation (Chair), 2017 Director Compensation: $129,077. |
Data sourced from SEC filings. Last updated: 2026-02-03