STEVEN G. MIHAYLO - Corporate Board Profile

Crexendo, Inc.

Filing Date	Source Excerpt
2016-05-31	Steven G. Mihaylo Mr. Mihaylo was appointed our Chief Executive Officer in 2008 and Chairman of the Board in November 2010. Mr. Mihaylo is the former Chairman and Chief Executive Officer of Inter-Tel, Incorporated ("Inter-Tel"), which he founded in 1969 and where he continued to serve until 2007. Mr. Mihaylo led the development of Inter-Tel from providing business telephone systems to offering complete managed services and software that help businesses facilitate communication and increase customer service and productivity. Before selling Inter-Tel to Francisco Partners, a private equity firm, for approximately $720 million in 2007, Mr. Mihaylo grew the business to nearly $500 million in annual sales. The Board nominated Mr. Mihaylo to the Board in party because he is the Chief Executive Officer of the Company and has more than 40 years of experience in the industry in which the Company competes. Mr. Mihaylo is the only officer of the Company nominated to serve as a director, and he plays a critical role in communicating the Board’s expectations, concerns, and encouragement to the Company’s employees. Mr. Mihaylo performs an extremely valuable role as the Chairman of the Board and is a tremendous asset to the Company.
2017-11-03	Steven G. Mihaylo Mr. Mihaylo was appointed our Chief Executive Officer in 2008 and Chairman of the Board in November 2010. Mr. Mihaylo is the former Chairman and Chief Executive Officer of Inter-Tel, Incorporated ("Inter-Tel"), which he founded in 1969 and where he continued to serve until 2007. The Board nominated Mr. Mihaylo to the Board in part because he is the Chief Executive Officer of the Company and has more than 40 years of experience in the industry.
2018-05-08	Steven G. Mihaylo, 74, Chairman of the Board, Chief Executive Officer. Mr. Mihaylo was appointed our Chief Executive Officer in 2008 and Chairman of the Board in November 2010. Mr. Mihaylo receives a small base salary to cover personal insurance premiums. Mr. Mihaylo does not participate in any non-equity incentive plans, but is eligible to receive stock option awards or other equity compensation. Total compensation for 2017 was $105,822.
2019-09-20	Set forth in the table below are the names, ages and positions of each Director on our Board. None of our directors or executive officers has any family relationship to any other director or executive officer. Name: Steven G. Mihaylo, Age: 75, Position: Chairman of the Board, Chief Executive Officer. Compensation of Steven G. Mihaylo, Chief Executive Officer. Mr. Mihaylo does not receive a base salary, however, the Company does pay for insurance premiums which is reported as compensation. Total compensation for 2018 was $5,349.
2020-06-22	Steven G. Mihaylo Mr. Mihaylo was appointed our Chief Executive Officer in 2008 and Chairman of the Board in November 2010. ... Mr. Mihaylo is a Class I director and his term will expire at our 2022 annual meeting of stockholders. ... Summary Compensation Table The table below summarizes the total compensation paid or earned by each of our NEOs for the year ended December 31, 2019 ... Steven Mihaylo (3) 2019 $4,007 $- $- $60,744 $- $7,276 $72,027 ... All other compensation for Mr. Mihaylo consists of country club dues.
2021-04-26	Steven G. Mihaylo Mr. Mihaylo was appointed our Chief Executive Officer in 2008 and Chairman of the Board in November 2010. Mr. Mihaylo is the former Chairman and Chief Executive Officer of Inter-Tel, Incorporated ("Inter-Tel"), which he founded in 1969. Mr. Mihaylo led the Inter-Tel revolution from providing business telephone systems to offering complete managed services and software that help businesses facilitate communication and increase customer service and productivity. Before selling Inter-Tel for nearly $750 million in 2007, he grew the business to nearly $500 million in annual revenue. Mr. Mihaylo led the development of Inter-Tel from providing business telephone systems to offering complete managed services and software that helped businesses facilitate communication and increase customer service and productivity. Mr. Mihaylo was awarded an honorary PhD from California State University - Fullerton and received a Bachelor of Arts in Business Administration in Accounting & Finance from California State University, Fullerton in 1969. Mr. Mihaylo has served on boards of numerous community organizations including the Arizona Heart Foundation, Junior Achievement of Arizona, Arizona Museum of Science and Technology and the Arizona State University College of Business Dean’s Council of 100. Committed to education, Mr. Mihaylo is involved with the Karl Eller College of Management at the University of Arizona and has served on the advisory board of Junior Achievement of Central Arizona for over 25 years, as a member of the board of directors, as well as being a member of the Big Bear High School Education Foundation, and is on the Dean’s Advisory Board of California State University - Fullerton. The Company believes that Mr. Mihaylo is a valuable member of the Board because he has more than 40 years of experience in the industry and a proven record of serving as an effective leader. Mr. Mihaylo is a Class I director and is nominated for a term which would expire at our 2023 annual meeting of stockholders.
2022-05-17	Mr. Mihaylo was appointed our Chief Executive Officer in 2008 and Chairman of the Board in November 2010. ... Mr. Mihaylo does not receive a base salary, however, the Company does pay for insurance premiums which is reported as compensation. ... Summary Compensation Table ... Steven Mihaylo 2021 Total Compensation $220,847.
2023-05-16	Steven G. Mihaylo 79 Chairman of the Board, Chief Executive Officer ... Summary Compensation Table ... Steven G. Mihaylo (4) 2022 $6,083 Salary, $243,250 Stock Awards, $50,925 Option Awards, $8,001 All Other Compensation, Total $308,259
2024-06-24	Steven G. Mihaylo 80 Chairman Emeritus