ROBERT S. HEKEMIAN - Corporate Board Profile

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY

Filing Date	Source Excerpt
2002-02-28	Robert S. Hekemian has served as Chairman of the Board of the Trust since 1991, and as a Trustee since 1980. As Chairman of the Trust, Mr. Hekemian acts as the Trust's chief executive officer and provides the general, day to day, management of the Trust. In fiscal 2001, an annual retainer of $10,000 was paid to Mr. Hekemian for his services as an Executive Officer of the Trust. Mr. Hekemian also received $17,384 in other compensation related to his service on the Board of Trustees and its Committees. The Chairman of the Executive Committee is Mr. Hekemian.
2003-02-28	Robert S. Hekemian has served as Chairman of the Board and Chief Executive Officer of Trust since 1991, and as a Trustee since 1980. From 1981 to 1991, Mr. Hekemian was President of the Trust. From June 24, 2002 through January 15, 2003, Mr. Hekemian served as Chief Financial Officer of the Trust. As Chairman and Chief Executive Officer of the Trust, Mr. Hekemian provides the general, day to day, management of the Trust. His current term as a member of the Board of Trustees is scheduled to expire in April 2005. Mr. Hekemian devotes approximately forty percent (40%) to fifty percent (50%) of his time to execute his duties as an Executive Officer of the Trust. During the fiscal year ended October 31, 2002, the Trustees were paid or elected to defer fees and accrued interest in an aggregate amount of $107,024 as consideration for their services to the Board of Trustees and its committees.
2004-02-27	Robert S. Hekemian has been active in the real estate industry for more than fifty (50) years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of Trust since 1991, and as a Trustee since 1980. From 1981 to 1991, Mr. Hekemian was President of the Trust. From June 24, 2002 through January 15, 2003, Mr. Hekemian served as Chief Financial Officer of the Trust. As Chairman and Chief Executive Officer of the Trust, Mr. Hekemian provides the general, day to day, management of the Trust. His current term as a member of the Board of Trustees is scheduled to expire in April 2005. Mr. Hekemian devotes approximately forty percent (40%) to fifty percent (50%) of his time to perform his duties as an Executive Officer of the Trust. Since 1983, Mr. Hekemian has also been the Chairman of the Board and Chief Executive Officer of Hekemian & Co., Inc., a real estate brokerage and management company which manages the Trust's properties ("Hekemian & Co."). See the section entitled "Certain Relationships and Related Party Transactions" in this Proxy Statement. Mr. Hekemian is a director of Pascack Community Bank. He is also a director, a partner and an officer in numerous private real estate corporations and partnerships. Fiscal Year-End Option Values The following table shows certain information, as of October 31, 2003, regarding the fiscal year-end values of the options held by each of the Executive Officers of the Trust. No options were exercised by the Executive Officers during the 2003 fiscal year. SUMMARY COMPENSATION TABLE Robert S. Hekemian Chairman of the Board, and Chief Executive Officer 2003 -- $100,000 $1,672 -- $40,877 Fiscal Year-End Option Values Robert S. Hekemian 56,000 -- $959,000 -- Fiscal 2003 Compensation: Trustees During the fiscal year ended October 31, 2003, each Trustee, including those Trustees who also serve as Executive Officers of the Trust, was entitled to receive an annual retainer fee in the amount of $10,000. The Trustees and the Executive Secretary were entitled to receive meeting attendance fees in the amount of $700 for each meeting of the Board of Trustees and its committees attended. The Chairman of the Board, for each Board of Trustees meeting attended, and the chairman of each Board of Trustees committee, for each committee meeting attended, were entitled to receive meeting attendance fees of $800. The Trustees and the Executive Secretary were also entitled to receive property site inspection fees in the amount of $700 for each site inspection attended, plus the reimbursement of all reasonable and verified out-of-pocket expenses incurred in connection with the site visit. Each member of the Board of Trustees and the Executive Secretary was entitled to receive a fee of $350 for each meeting participated in by teleconference. The Trustees and the Executive Secretary are entitled to defer all or any part of their retainer, meeting and property site inspection fees pursuant to the terms of the Deferred Compensation Plan. For the fiscal year ended October 31, 2003, the Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest, and the Executive Secretary was paid meeting attendance fees, in an aggregate amount of $311,023, as consideration for their services to the Board of Trustees and its committees.
2005-02-25	Robert S. Hekemian has been active in the real estate industry for more than fifty-one (51) years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. From 1981 to 1991, Mr. Hekemian was President of the Trust. From June 24, 2002 through January 15, 2003, Mr. Hekemian served as Chief Financial Officer of the Trust. As Chairman and Chief Executive Officer of the Trust, Mr. Hekemian provides the general, day to day, management of the Trust. His current term as a member of the Board of Trustees is scheduled to expire in April 2005. Mr. Hekemian devotes approximately fifty percent (50%) to sixty percent (60%) of his time to perform his duties as an Executive Officer of the Trust. Since 1983, Mr. Hekemian has also been the Chairman of the Board and Chief Executive Officer of Hekemian & Co., Inc., a real estate brokerage and management company which manages the Trust's properties ("Hekemian & Co."). See the section entitled "Certain Relationships and Related Party Transactions" in this Proxy Statement. Mr. Hekemian is a director of Pascack Community Bank. He is also a director, a partner and an officer in numerous private real estate corporations and partnerships. The Executive Committee of the Board of Trustees is authorized to make policy and certain business decisions during any interval between meetings of the Board of Trustees. All decisions of the Executive Committee are reported to the Board of Trustees on a regular basis. During fiscal 2004, the members of the Executive Committee were, and currently are, identical to the current members of the Board of Trustees, and accordingly, it was not necessary for the Executive Committee to separately meet during fiscal 2004. Mr. Hekemian is the Chairman of the Executive Committee. During the fiscal year ended October 31, 2004, each Trustee, including even such Trustee who also served as an Executive Officer of the Trust, was entitled to receive an annual retainer fee in the amount of $11,500. The Trustees and the Executive Secretary were entitled to receive meeting attendance fees in the amount of $700 for each meeting of the Board of Trustees and its committees attended. The Chairman of the Board, for each Board of Trustees meeting attended, and the chairman of each Board of Trustees committee, for each committee meeting attended, were entitled to receive meeting attendance fees of $800. The Trustees and the Executive Secretary were also entitled to receive property site inspection fees in the amount of $700 for each site inspection attended, plus the reimbursement of all reasonable and verified out-of-pocket expenses incurred in connection with the site visit. Each member of the Board of Trustees and the Executive Secretary was entitled to receive a fee of $350 for each meeting participated in by teleconference. The Trustees and the Executive Secretary are entitled to defer all or any part of their retainer, meeting and property site inspection fees pursuant to the terms of the Deferred Compensation Plan. For the fiscal year ended October 31, 2004, the Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest, and the Executive Secretary was paid meeting attendance fees, in an aggregate amount of $339,231 as consideration for their services to the Board of Trustees and its committees.
2006-02-28	Robert S. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. Mr. Hekemian devotes approximately fifty percent (50%) to sixty percent (60%) of his time to perform his duties as an Executive Officer of the Trust. The members of the Executive Committee were, and currently are, identical to the current members of the Board of Trustees, and accordingly, it was not necessary for the Executive Committee to separately meet during fiscal 2005. Mr. Hekemian is the Chairman of the Executive Committee. During the fiscal year ended October 31, 2005, Mr. Hekemian was paid $150,000 as annual executive officer fee and $83,253 as other compensation, totaling $233,253. Additionally, he received $9,184 in other annual compensation fees.
2007-02-28	Robert S. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. Mr. Hekemian devotes approximately fifty percent (50%) to sixty percent (60%) of his time to perform his duties as an Executive Officer of the Trust. The Board of Trustees increased Mr. Hekemian’s annual executive officer fee to $205,000 in 2006. Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest, and the Executive Secretary was paid meeting attendance fees, in an aggregate amount of $586,079 for all Trustees. Mr. Hekemian's other annual compensation was $99,433.
2008-02-28	Robert S. Hekemian has been active in the real estate industry for more than 53 years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. ... Mr. Hekemian devotes approximately 70% of his time to perform his duties as an Executive Officer of the Trust. ... For the fiscal year ended October 31, 2007, the Board of Trustees determined that the compensation paid to its Executive Officers would remain the same as in the prior year. ... Fiscal 2007 Summary Compensation Table shows total compensation of $347,782 for Robert S. Hekemian. ... The Executive Committee of the Board of Trustees members were Messrs. Robert S. Hekemian, Donald W. Barney, Herbert C. Klein, Esq., Ronald J. Artinian and Alan L. Aufzien. Mr. Hekemian is the Chairman of the Executive Committee.
2009-02-26	Robert S. Hekemian has been active in the real estate industry for more than 53 years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. His current term as a member of the Board of Trustees is scheduled to expire in April 2011. Mr. Hekemian devotes approximately 70% of his time to perform his duties as an Executive Officer of the Trust. For the fiscal year ended October 31, 2008, the Board of Trustees determined that the compensation paid to its Executive Officers would remain the same as in the prior year. The following table sets forth information concerning the compensation of all of the Executive Officers of the Trust as of October 31, 2007 and October 31, 2008 for services in all capacities to the Trust for the 2007 and 2008 fiscal years, respectively. During the fiscal year ended October 31, 2008, Robert S. Hekemian served as Chairman of the Board and Chief Executive Officer of the Trust. Mr. Hekemian devotes approximately 70% of his business activities to the Trust. For the fiscal year ended October 31, 2008, the Trustees were paid or elected to defer annual retainer fees, meeting attendance fees, site inspection fees and accrued interest in an aggregate amount of $702,116 as consideration for their services to the Board of Trustees and its committees.
2010-02-25	Robert S. Hekemian has been active in the real estate industry for more than 54 years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. His current term as a member of the Board of Trustees is scheduled to expire in April 2011. The Executive Committee did not meet during fiscal 2009. During fiscal 2009, the Board of Trustees determined that the compensation paid to its Executive Officers would remain the same as in the prior year. The following table sets forth information concerning the compensation of all of the Executive Officers of the Trust as of October 31, 2009. For fiscal 2009, Robert S. Hekemian served as Chairman of the Board and Chief Executive Officer of the Trust. The total compensation for 2009 was $413,844.
2011-02-28	Robert S. Hekemian has been active in the real estate industry for more than 55 years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. His current term as a member of the Board of Trustees is scheduled to expire in April 2011. During the fiscal year ended October 31, 2010, Robert S. Hekemian served as Chairman of the Board and Chief Executive Officer of the Trust. Mr. Hekemian devotes approximately 70% of his business activities to the Trust. The table below sets forth his total annual compensation as $455,023.
2012-02-28	Mr. Robert S. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. He is Chairman of the Executive Committee. The table shows his total compensation for 2011 as $493,966.
2013-02-28	Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. ... Mr. Hekemian is the Chairman of the Executive Committee. ... The table below sets forth comparative information regarding the total compensation of the Chief Executive Officer for the 2012 fiscal year. ... Robert S. Hekemian, Chairman of the Board and Chief Executive Officer, total compensation $545,729.
2014-02-28	Robert S. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. For the 2013 fiscal year, his total compensation was $585,776.
2015-02-27	Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. ... Mr. Hekemian is the Chairman of the Executive Committee. ... The table below sets forth comparative information regarding (A) the total compensation of the Chief Executive Officer for the 2014 fiscal year ... Robert S. Hekemian, Chairman of the Board and Chief Executive Officer of the Trust ... Chief Executive Officer compensation (A) $645,313.
2016-02-26	Robert S. Hekemian has been active in the real estate industry for more than 57 years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. The Compensation Committee determined and recommended a base salary of $300,000 for fiscal 2015. The total compensation for the Chief Executive Officer for the 2015 fiscal year was $556,744.
2017-02-24	Robert S. Hekemian has been active in the real estate industry for more than 58 years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. From 1981 to 1991, Mr. Hekemian was President of the Trust. From 2002 to 2003, Mr. Hekemian served as Chief Financial Officer of the Trust. His current term as a member of the Board of Trustees is scheduled to expire at the Annual Meeting. Since 1983, Mr. Hekemian has also been the Chairman of the Board and Chief Executive Officer of Hekemian & Co., Inc. ("Hekemian & Co."), a real estate brokerage and management company which manages the Trust’s properties and owns and develops real estate assets throughout the Northeast and Mid-Atlantic regions of the United States. Mr. Hekemian served as a director of Pascack Community Bank prior to its merger with and into Lakeland Bank on January 7, 2016. See the section entitled “Certain Relationships and Related Party Transactions” in this Proxy Statement. He is also a director, a partner and an officer in numerous private real estate corporations and partnerships. Chief Executive Officer compensation (A) $531,826
2018-02-28	Robert S. Hekemian has been active in the real estate industry for more than 59 years. Mr. Hekemian has served as Chairman of the Board and Chief Executive Officer of the Trust since 1991, and as a Trustee since 1980. From 1981 to 1991, Mr. Hekemian was President of the Trust. From 2002 to 2003, Mr. Hekemian served as Chief Financial Officer of the Trust. Since 1983, Mr. Hekemian has also been the Chairman of the Board and Chief Executive Officer of Hekemian & Co., Inc. ("Hekemian & Co."), a real estate brokerage and management company which manages the Trust’s properties and owns and develops real estate assets throughout the Northeast and Mid-Atlantic regions of the United States. Mr. Hekemian served as a director of Pascack Community Bank prior to its merger with and into Lakeland Bank on January 7, 2016. See the section entitled “Certain Relationships and Related Party Transactions” in this Proxy Statement. He is also a director, a partner and an officer in numerous private real estate corporations and partnerships.