Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2013-05-29 | Shahid Javed Burki (74) Director since 2003 Director The Audit Committee is comprised of Messrs. Burki (Chairman), Beckert Caton and Bilbrey, all of whom are independent within the meaning of NASDAQ listing standards and Rule 10A-3(b) under the Securities Exchange Act of 1934 (“34 Act”). The Audit Committee met three times during fiscal 2012. The Audit Committee has reviewed and discussed the consolidated financial statements with management and Kabani & Company, the Company’s independent auditors. Director Compensation Table Shahid Javed Burki 31,000 fees earned in cash, 10,000 shares awards, total 41,000. |
| 2017-04-28 | Shahid Javed Burki was first appointed to the Board of Directors in February 2003. Mr. Burki is a chairman of the Audit Committee and a member of the Compensation and Nominating and Corporate Governance Committees. Mr. Burki is the Company’s Financial Expert on the Audit Committee. |
| 2018-05-03 | The Audit committee is made up of Mr. Burki as Chairman, Mr. Caton, and Mr. Beckert as members. The Compensation committee consists of Mr. Caton as its Chairman, Mr. Beckert, and Mr. Burki as its members. The Nominating and Corporate Governance Committee consists of Mr. Beckert as chairman and Mr. Burki, and Mr. Caton as members. ... The non-employee members of our Board of Directors received as compensation for services as directors as well as reimbursement for documented reasonable expenses incurred in connection with attendance at meetings of our Board of Directors and the committees thereof. The Company paid the following amounts to members of the Board of Directors for the activities shown during the fiscal year ended June 30, 2017. BOARD ACTIVITY CASH PAYMENTS Board Member Fee $105,525 Chairperson for Audit Committee $14,070 Chairperson for Compensation Committee $10,550 Chairperson for Nominating and Corporate Governance Committee $7,035 $137,180 Members of our Board of Directors are also eligible to receive stock option or stock award grants both upon joining the Board of Directors and on an annual basis in line with recommendations by the Compensation Committee, which grants are non-qualified stock options under our Employee Stock Option Plans. Further, from time to time, the non-employee members of the Board of Directors are eligible to receive stock grants that may be granted if and only if approved by the shareholders of the Company. On October 1, 2015, the Compensation Committee granted independent board members 10,000 shares of common stock vesting at 25% at the completion of each quarter served commencing with the quarter ending December 31, 2015 and ending September 30, 2016. The Compensation Committee further approved to grant a bonus of 10,000 shares of common stock to all independent board members to vest 12.5% over the following eight quarters commencing with December 31, 2015 and ending September 30, 2017. On September 12, 2016, the Compensation Committee granted independent board members 19,834 shares of common stock vesting at 50% immediately and rest at the completion of each year served commencing with the period ending September 30, 2017 and ending September 30, 2021. |
Data sourced from SEC filings. Last updated: 2026-03-05