SAMUEL VALENTI III - Corporate Board Profile

TRIMAS CORP

Filing Date	Source Excerpt
2011-04-05	Mr. Valenti was elected as Chairman of the Company's Board of Directors in June 2002 and served as Executive Chairman of the Company's Board from November 2005 through November 2008. Mr. Valenti remains Chairman of the Company's Board. Mr. Valenti has extensive knowledge and expertise in management of diversified manufacturing businesses and financial matters. He was employed by Masco Corporation from 1968 through March 2008. From 1988 through March 2008, Mr. Valenti was President and a member of the board of Masco Capital Corporation, and was Vice President-Investments of Masco Corporation from May 1974 to October 1998. Until November 2005, Mr. Valenti also served as a special advisor to Heartland Industrial Partners, L.P., and until July 2006, Mr. Valenti served as a director of Metaldyne Corporation. Mr. Valenti is currently Chairman of Valenti Capital LLC. Mr. Valenti holds a B.A. and Masters in Economics from Western Michigan University. Mr. Valenti is the former Chairman of the Investment Advisory Committee of the $50 billion State of Michigan retirement system and serves on the Harvard Business School Advisory Council. He also serves on the Advisory Council at the University of Notre Dame and the Advisory Board at the University of Michigan Business School Zell-Lurie Institute. Mr. Valenti is a member of Business Leaders for Michigan and serves as Chairman of the Renaissance Venture Capital Fund. The Board of Directors concluded that Mr. Valenti should serve as a director based on his leadership experience as the Chairman of the Company's Board since 2002 and as an executive at Masco for forty years, the breadth of his experiences in finance, corporate governance, and other areas of oversight while serving as a member of the board of directors of other corporations and his subject matter expertise in the areas of finance, economics, and asset management. Director Compensation Table shows he earned $200,000 in 2010.
2012-04-03	Samuel Valenti III. Mr. Valenti was elected as Chairman of the Company's Board of Directors in June 2002 and served as Executive Chairman of the Company's Board from November 2005 through November 2008. Mr. Valenti remains Chairman of the Company's Board. Mr. Valenti has extensive knowledge and expertise in management of diversified manufacturing businesses and financial matters. He was employed by Masco Corporation from 1968 through March 2008. From 1988 through March 2008, Mr. Valenti was President and a member of the board of Masco Capital Corporation, and was Vice President‑Investments of Masco Corporation from May 1974 to October 1998. Until November 2005, Mr. Valenti also served as a special advisor to Heartland Industrial Partners, L.P., and until July 2006, Mr. Valenti served as a director of Metaldyne Corporation. Mr. Valenti is currently Chairman of Valenti Capital LLC. Mr. Valenti holds a B.A. and Masters in Economics from Western Michigan University. Mr. Valenti is the former Chairman of the Investment Advisory Committee of the $50 billion State of Michigan retirement system and serves on the Harvard Business School Advisory Council. He also serves on the Advisory Council at the University of Notre Dame and the Advisory Board at the University of Michigan Business School Zell-Lurie Institute. Mr. Valenti is a member of Business Leaders for Michigan and serves as Chairman of the Renaissance Venture Capital Fund. The Compensation Committee is responsible for reviewing director compensation and making recommendations to the Board, as appropriate. The Compensation Committee and Board believe that directors should receive a mix of cash and equity over their tenure. The combination of cash and equity compensation is intended to provide incentives for directors to continue to serve on the Board of Directors and to attract new directors with outstanding qualifications. Directors who are not independent do not receive any compensation for serving on the Board or any committees thereof. Directors may make an annual election to defer receipt of Board compensation, provided the election is made prior to the fiscal year in which the deferral is effective. Annual Cash Retainer and Meeting Fees. In 2011, each independent director, other than the Chairman, received an annual retainer based on $75,000 per year through August 1, 2011, which retainer was increased to $100,000 per year as of August 1, 2011; and a meeting fee of $1,000 for each Board or committee meeting attended. The Chairman of the Board received an annual retainer of $200,000 per year through August 1, 2011, which retainer was increased to $225,000 per year as of August 1, 2011, and received an attendance fee of $1,000 for each Board and committee meeting taking place on or after August 1, 2011. The chairman of each of the Audit, Compensation and Corporate Governance and Nominating Committees received an additional annual retainer in the amounts of $15,000, $10,000 and $5,000, respectively. Two of the four independent directors elected to defer receipt of all or part of their Board compensation in 2011. For 2012, two of four independent directors elected to defer receipt of all or part of their Board compensation. Equity Compensation. In 2011 the Board determined that future grants of equity to directors would be made by issuing restricted stock. On August 5, 2011, the Board approved the issuance of restricted shares to each of the independent directors, with a fair market grant date value of $100,000 and subject to a one-year vesting period. As part of the independent director's per annum compensation package, the Board also approved, on August 5, 2011, the issuance of subsequent annual grants on each March 1st, commencing in 2012, to each of the independent directors of restricted shares with a fair market grant date value of $100,000, with each grant subject to a one-year vesting period. Director Compensation Table: Samuel Valenti III 2011 Fees Earned or Paid in Cash $220,400 2011 Stock Awards $100,000 Total $320,400.
2014-04-02	Samuel Valenti III Chair & director since 2002 Age 68 Mr. Valenti is the former chair of the investment advisory committee of the State of Michigan retirement system and serves as chair of the Renaissance Venture Capital Fund. Audit Committee members include Messrs. Miller, Gabrys, Tredwell, Stanage, Valenti. Compensation Committee members include Ms. Gougarty and Messrs. Cohen, Gabrys, Miller, Stanage, Tredwell and Valenti. Corporate Governance and Nominating Committee members include Messrs. Cohen, Gabrys, Miller, Stanage, Tredwell and Valenti. Director Compensation Table Samuel Valenti III 245,000 fees + 100,000 stock = 345,000
2015-04-07	Samuel Valenti III Chair and director since 2002 Age 69 ...Mr. Valenti has extensive knowledge and expertise in the management of diversified manufacturing businesses and subject matter expertise in the areas of finance, economics, corporate governance and asset management. ...Director Compensation Table Name: Samuel Valenti III Fees Earned or Paid in Cash ($): 246,000 Stock Awards ($): 100,000 Total ($): 346,000 ...Audit Committee members include Mr. Valenti ...Compensation Committee members include Mr. Valenti
2016-04-06	Samuel Valenti III, Age 70, Chair of the Board, Committees: A, C, G, 2015 Director Compensation Table: Fees Earned or Paid in Cash $243,000, Stock Awards $100,006, Total $343,006.
2017-04-05	Samuel Valenti III, Age 71, Chair of the Board, Chair of Compensation Committee, member of Audit and Governance Committees. 2016 Director Compensation Table shows total compensation of $349,340.
2018-04-02	Samuel Valenti III Chair and Director since 2002 Age: 72 ... Committees: A, C**, G ... 2017 Director Compensation Table ... Samuel Valenti III Fees Earned or Paid in Cash ($) 251,000 Stock Awards ($) 99,981 Total ($) 350,981
2019-04-01	Mr. Valenti is Chair of the Board since 2002... He serves on the Audit Committee, Compensation Committee (Chair), and Governance and Nominating Committee. 2018 Director Compensation Table shows Samuel Valenti III with total compensation of $350,999.
2020-03-27	Mr. Valenti is currently chair and chief executive officer of Valenti Capital LLC... Chair of the Board since 2002... Committees: A, C** (Chair), G... 2019 Director Compensation Table Total: $349,995.
2021-03-31	Mr. Valenti is currently chair and chief executive officer of Valenti Capital LLC. Mr. Valenti is the former chair of the investment advisory committee of the State of Michigan retirement system and served on the Harvard Business School Advisory Council. He currently serves on the advisory council at the University of Notre Dame and the advisory board at the University of Michigan Business School Zell-Lurie Institute.
2022-03-30	Samuel Valenti III Age:76 Director Since: 2002 Committees: Audit, Compensation 2021 Director Compensation Table Samuel Valenti III Fees Earned or Paid in Cash: 222,270 Stock Awards: 99,980 Total: 322,250
2023-03-30	Mr. Valenti serves as Chair and Chief Executive Officer of Valenti Capital LLC. Mr. Valenti was employed by Masco Corporation from 1968 through 2008. From 1988 through 2008, Mr. Valenti was President and a member of the Board of Masco Capital Corporation, and was Vice President - Investments of Masco Corporation from 1974 to 1998. Mr. Valenti currently serves on the Advisory Council at the University of Notre Dame and the Advisory Board at the University of Michigan Business School Zell-Lurie Institute. Mr. Valenti is a member of Business Leaders for Michigan and serves as Chair of the Renaissance Venture Capital Fund. Mr. Valenti brings more than 40 years of experience in the management of diversified manufacturing businesses.
2024-03-28	Mr. Valenti serves as Chair and Chief Executive Officer of Valenti Capital LLC. Committees: Audit, Compensation. 2023 Director Compensation Table shows total compensation of $299,974.