THOMAS R. SCHWARZ - Corporate Board Profile

TRANSACT TECHNOLOGIES INC

Filing Date	Source Excerpt
2006-04-20	Thomas R. Schwarz, 69, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. The Audit Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka. The Compensation and Corporate Governance Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Nominating Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka. The Executive Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka.
2007-04-20	Thomas R. Schwarz, 70, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. ... It is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dill serving as Chair. ... The Audit Committee met five times during 2006. ... The Nominating Committee is responsible for assisting the Board in carrying out its responsibilities relating to the composition of the Board, including identifying, reviewing and recommending candidates to the Board for nomination or election as directors. It is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. ... The Nominating Committee met two times during 2006. ... The Compensation and Corporate Governance Committee is responsible for assisting the Board in carrying out its responsibilities relating to executive compensation, the Company's corporate governance practices, CEO performance review and succession planning, director compensation, Board and Committee performance evaluation and stockholder communication matters. It is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. ... The Compensation and Corporate Governance Committee met six times during 2006. ... Director compensation table shows Thomas R. Schwarz received $24,250 in fees and $17,948 in stock awards, totaling $42,198 in 2006.
2008-04-30	Thomas R. Schwarz, 71, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. ... The Audit Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dill serving as Chair. ... The Nominating Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. ... The Compensation and Corporate Governance Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. ... The Executive Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka. ... Director Compensation Table: Thomas R. Schwarz total compensation $51,188.
2009-04-30	It is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dill serving as Chair. The Audit Committee met four times during 2008. ... Nominating Committee. It is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. The Nominating Committee met one time during 2008. ... Compensation and Corporate Governance Committee. It is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Compensation and Corporate Governance Committee met three times during 2008. ... Director Compensation for Fiscal Year 2008: Thomas R. Schwarz total compensation $58,900.
2010-04-23	It is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dill serving as Chair. The Audit Committee met four times during 2009. ... The Nominating Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. The Nominating Committee met two times during 2009. ... The Compensation and Corporate Governance Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Compensation and Corporate Governance Committee met five times during 2009. ... The Executive Committee is comprised of Messrs. Charles A. Dill, Thomas R. Schwarz and Graham Y. Tanaka. The Executive Committee did not meet during 2009. ... For 2009, each non-employee director of the Company received a retainer of $9,000 for each fiscal quarter served as director as compensation for services rendered. Directors are also reimbursed for reasonable expenses incurred in attending meetings. Each non-employee director receives an annual grant of 7,500 stock options, pursuant to the terms of the Company’s 2005 Equity Incentive Plan. The amounts shown represent the grant date fair value of stock options granted in 2009 calculated in accordance with Compensation – Stock Compensation Topic of the FASB ASC, but excluding the effect of estimated forfeitures.
2011-04-15	Thomas R. Schwarz, 74, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. Mr. Schwarz is Chairman of the Compensation Committee. Director compensation table shows Thomas R. Schwarz total compensation as $75,019.
2012-04-23	Thomas R. Schwarz, 75, has been a director of the Company since its formation in June 1996. ... It is comprised of Messrs. Charles A. Dill, John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. ... The Nominating Committee ... It is comprised of Messrs. Charles A. Dill, John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. ... The Compensation and Corporate Governance Committee ... It is comprised of Messrs. Charles A. Dill, John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. ... Executive Committee ... It is comprised of Messrs. Charles A. Dill, John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. ... Thomas R. Schwarz ... received 36,000 fees earned or paid in cash and 57,077 stock options for a total of 93,077.
2013-04-18	Thomas R. Schwarz, 76, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. He is Chairman of the Compensation and Corporate Governance Committee. The Audit Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Dillon serving as Chair. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. For 2012, Thomas R. Schwarz received total compensation of $71,212 as a director.
2014-04-03	Thomas R. Schwarz, 77, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. Mr. Schwarz is Chairman of the Compensation and Corporate Governance Committee. The Audit Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. Director compensation table shows Thomas R. Schwarz with $64,164 total compensation in 2013.
2015-04-02	The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Compensation and Corporate Governance Committee met four times during 2014. Director compensation for Thomas R. Schwarz: Fees Earned Or Paid in Cash ($) 40,000; Stock Options ($) 30,972; Total ($) 70,972.
2016-03-31	Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka serve as the members of the Audit Committee. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. Director compensation table shows Thomas R. Schwarz received $40,000 in fees and $16,200 in stock options for a total of $56,200 in 2015.
2017-04-12	Thomas R. Schwarz, 80, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. Mr. Schwarz has been a director of the Company since its inception and is Chairman of the Compensation and Corporate Governance Committee. The Board has four standing committees: the Audit Committee, the Compensation and Corporate Governance Committee, the Nominating Committee and the Executive Committee. Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka serve as the members of the Audit Committee, with Mr. Dillon serving as Chair. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Schwarz serving as Chair. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka, with Mr. Tanaka serving as Chair. The Executive Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka. The Board has determined that each member of the Compensation and Corporate Governance Committee is an independent director under the standards of NASDAQ and the SEC. In 2016, each non-employee director of the Company received a retainer of $10,000, for each fiscal quarter served as director as compensation for services rendered. In 2016, each non-employee director received a grant of 7,500 stock options and 2,000 restricted stock units, pursuant to the terms of the Company's 2014 Equity Incentive Plan. The amounts shown represent the grant date fair value of stock options granted in 2016 calculated in accordance with Compensation – Stock Compensation Topic of the FASB ASC, but excluding the effect of estimated forfeitures. The amounts shown represent the grant date fair value of the RSUs granted in 2016 calculated in accordance with Compensation – Stock Compensation Topic of the FASB ASC, but excluding the effect of estimated forfeitures. The total compensation for Mr. Schwarz for 2016 was $74,020.
2018-04-12	Thomas R. Schwarz, 81, has been a director of the Company since its formation in June 1996... He is Chairman of the Compensation and Corporate Governance Committee... The Audit Committee met four times during 2017. Compensation and Corporate Governance Committee met four times during 2017. Nominating Committee met once during 2017. Executive Committee did not meet during 2017. Thomas R. Schwarz, Chair of Compensation and Corporate Governance Committee. Member of Audit Committee, Nominating Committee, Executive Committee. Director compensation table shows Thomas R. Schwarz received $40,000 fees earned or paid in cash and $34,921 stock awards totaling $74,921.
2019-04-19	Thomas R. Schwarz, 82, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. Mr. Schwarz was Chairman and Chief Executive Officer of Grossman’s Inc., a retailer of building materials, from 1990 until his retirement in 1994. From 1980 to 1990, he was President, Chief Operating Officer and a director of Dunkin’ Donuts Incorporated, a food service company. Mr. Schwarz is a director of Tanaka Growth Fund and another privately held company. Mr. Schwarz graduated from Williams College in 1958 and Harvard Business School in 1964. Mr. Schwarz’s qualifications for election to the Company’s Board include public company leadership experience as President, Chief Operating Officer of Dunkin’ Donuts Incorporated and outside board experience as a director of Dunkin’ Donuts Incorporated, Grossman’s Inc., and The Tanaka Growth Fund. He has been a director of the Company since its inception and is Chairman of the Compensation and Corporate Governance Committee. From his past executive positions, Mr. Schwarz brings to our Board his extensive executive experience and knowledge of operating and managing complex operating companies. The Compensation and Corporate Governance Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka and Ms. Haydee Ortiz Olinger, with Mr. Schwarz serving as Chair. The Board has determined that each member of the Compensation and Corporate Governance Committee is an independent director under the standards of Nasdaq and the SEC. The Compensation and Corporate Governance Committee met four times during 2018. The Nominating Committee is comprised of Messrs. John M. Dillon, Thomas R. Schwarz and Graham Y. Tanaka and Ms. Olinger, with Mr. Tanaka serving as Chair, until his retirement from the Board, effective May 28, 2019 at which time a new Nominating Committee Chair will be determined. The Board has determined that each member of the Nominating Committee is an independent director under the standards of Nasdaq and the SEC. The Nominating Committee met five times during 2018. The Audit Committee met four times during 2018. The Executive Committee did not meet during 2018. For 2018, each non-employee director of the Company received a retainer of $10,000, for each fiscal quarter served as director as compensation for services rendered. Directors are also reimbursed for reasonable expenses incurred in attending meetings. The Company does not separately compensate directors for service on any committee of the Board. Starting in 2018, each non-employee director receives total equity compensation of $45,000 awarded through RSUs that will convert to common stock on a one-to-one basis and vest 25% per year over four years. This was based on an independent review conducted during 2017 by Compensation Advisory Partners which was engaged by the Compensation Committee to assess the competitiveness of the Board’s total compensation program. Based on the review conducted by Compensation Advisory Partners, the Compensation Committee made a revision to the equity component of the Board’s compensation in order to better align the Board with the Company’s stockholders and long-term performance growth, as well as the compensation of directors of other similar sized public companies. The number of RSUs awarded is calculated based on the share price on the day of grant. In 2018, each non-employee director received a grant of 3,600 RSUs, pursuant to the terms of the Company’s 2014 Equity Incentive Plan. The RSU awards vest at the rate of 25% per year beginning on the first anniversary of the date of grant.
2020-04-23	Thomas R. Schwarz, 83, has been a director of the Company since its formation in June 1996 and was Chairman of the Board from June 1996 to February 2001. Mr. Schwarz is Chairman of the Compensation and Corporate Governance Committee. Director compensation table shows Thomas R. Schwarz received $40,000 in fees and $45,504 in stock awards for a total of $85,504 in 2019.
2021-04-12	Thomas R. Schwarz, 84, has been a director of the Company since its formation in June 1996... Mr. Schwarz is Chairman of the Compensation and Corporate Governance Committee and serves on the Audit Committee, Nominating Committee and Executive Committee... Director compensation for 2020: Fees Earned Or Paid in Cash $37,000, Stock Awards $45,080, Total $82,080.