WARREN HIRSCH - Corporate Board Profile

ProPhase Labs, Inc.

Filing Date	Source Excerpt
2019-04-19	WARREN HIRSCH has over 35 years of experience as a Certified Public Accountant and has been a registered representative of Royal Alliance, a national financial advisory firm, since 2000. Mr. Hirsch owns and operates Warren Hirsch, CPA, which offers a full range of accounting, tax and small business consulting services. Mr. Hirsch graduated with a bachelor’s degree in accounting from Hofstra University in 1980. Mr. Hirsch has extensive knowledge and background related to accounting and financial reporting rules and regulations as well as the evaluation of financial results, internal controls and business processes. Based on these qualifications, our Board has determined that Mr. Hirsch should be nominated as a director. Subject to his election as a director at the Annual Meeting, our Board intends to appoint Mr. Hirsch as a member and Chairman of the Audit Committee. Subject to his election as a director at the Annual Meeting, our Board intends to appoint Mr. Hirsch as a member of the Compensation Committee. Subject to his election as a director at the Annual Meeting, our Board intends to appoint Mr. Hirsch as a member of the Nominating Committee.
2020-04-16	Warren Hirsch has over 35 years of experience as a Certified Public Accountant. Mr. Hirsch owns and operates Warren Hirsch, CPA, which offers a full range of accounting, tax and small business consulting services. The current members of the Audit Committee are Jason Barr, Louis Gleckel and Warren Hirsch. Mr. Hirsch serves as Chairman of the Audit Committee. The current members of the Compensation Committee are Jason Barr, Louis Gleckel and Warren Hirsch. The members of the Nominating Committee are Jason Barr, Louis Gleckel and Warren Hirsch. Our employee directors do not receive director fees. Accordingly, Mr. Ted Karkus, a director and the Chairman of the Board and the Chief Executive Officer of the Company, is not entitled to, and did not receive, any compensation for his service on the Board in 2019. Warren Hirsch received $27,445 in fees earned or paid in cash in 2019.
2021-04-16	Warren Hirsch has over 35 years of experience as a Certified Public Accountant. Mr. Hirsch owns and operates Warren Hirsch, CPA, which offers a full range of accounting, tax and small business consulting services. From 2000 to May 2019, Mr. Hirsch served as a registered representative of Royal Alliance, a national financial advisory firm. Mr. Hirsch graduated with a bachelor’s degree in accounting from Hofstra University in 1980. Mr. Hirsch has extensive knowledge and background related to accounting and financial reporting rules and regulations as well as the evaluation of financial results, internal controls and business processes. Based on these qualifications, our Board has determined that Mr. Hirsch should be nominated to serve another term as a director. For the first half of 2020, our non-employee directors received the following compensation for their director services: Mr. Hirsch received $22,500 in director fees. For the second half of 2020, our non-employee directors received the following compensation for their director services: Mr. Hirsch received $15,000 in director fees plus a stock option to purchase 50,000 shares of our Common Stock. These options have an exercise price of $2.83 per share and vest in four quarterly installments. The options are reflected in the “Option Awards” column. Total compensation was $92,000.
2022-04-13	Warren Hirsch has over 35 years of experience as a Certified Public Accountant. Mr. Hirsch owns and operates Warren Hirsch, CPA, which offers a full range of accounting, tax and small business consulting services. From 2000 to May 2019, Mr. Hirsch served as a registered representative of Royal Alliance, a national financial advisory firm. Mr. Hirsch graduated with a bachelor’s degree in accounting from Hofstra University in 1980. Mr. Hirsch has extensive knowledge and background related to accounting and financial reporting rules and regulations as well as the evaluation of financial results, internal controls and business processes. Based on these qualifications, our Board has determined that Mr. Hirsch should be nominated to serve another term as a director.
2023-04-27	Warren Hirsch has been a member of our Board since 2019 and currently serves as a member of the Compensation Committee and Nominating and Corporate Governance Committee and as chairman of the Audit Committee. Mr. Hirsch has over 35 years of experience as a Certified Public Accountant. Mr. Hirsch owns and operates Warren Hirsch, CPA, which offers a full range of accounting, tax and small business consulting services. From 2000 to May 2019, Mr. Hirsch served as a registered representative of Royal Alliance, a national financial advisory firm. Mr. Hirsch graduated with a bachelor’s degree in accounting from Hofstra University in 1980. Mr. Hirsch has extensive knowledge and background related to accounting and financial reporting rules and regulations as well as the evaluation of financial results, internal controls and business processes. Based on these qualifications, our Board has determined that Mr. Hirsch should be nominated to serve another term as a director. For the period beginning July 1, 2021 and ending June 30, 2022 (the “2021 Director Period”), our non-employee directors were entitled to receive, at their election, either: a $30,000 annual cash service retainer (to be paid in quarterly installments beginning September 30, 2021) plus a stock option to purchase 50,000 shares of the Company’s common at an exercise price of $5.28 per share (the closing price of the Company’s common stock on the grant date), with one-quarter of such stock option vesting on June 30, 2021 and the remaining portion vesting pro rata in equal monthly installments beginning July 31, 2021 and on the last day of each month thereafter, subject to the director’s continued services with the Company on each such vesting date; or zero cash compensation and a stock option to purchase 100,000 shares of the Company’s common stock at an exercise price of $5.28 (the closing price of the Company’s common stock on the grant date), with one-quarter of such stock option vesting on June 30, 2021 and the remaining portion vesting pro rata in equal monthly installments beginning July 31, 2021 and on the last day of each month thereafter, subject to the director’s continued services with the Company on each such vesting date. For the period beginning July 1, 2022 and ending June 30, 2023 (the “2022 Director Period”), our non-employee directors are entitled to receive: a $35,000 annual cash service retainer (to be paid in quarterly installments beginning September 30, 2022); and a stock option to purchase 40,000 shares of the Company’s common stock with an exercise price of $12.92 per share (the closing price of the Company’s common stock on the grant date); vesting in four equal quarterly installments of 10,000 shares over one year, with the first quarterly installment vesting on September 30, 2022 and each additional installment vesting quarterly thereafter, subject to the director’s continued service with the Company on each such vesting date. Stock options granted under the director compensation program are granted under the Company’s Amended and Restated 2022 Directors’ Equity Compensation Plan (the “2022 Directors’ Plan”) with an exercise price equal to the Fair Market Value (as such term is defined in the 2022 Directors’ Plan) of our common stock on the date of grant. The amounts reported represent the aggregate grant date fair value of the option awards granted to the non-employee directors in July 2022, determined in accordance with FASB ASC Topic 718. For a discussion of the assumptions and methodologies used to value the option award granted, see Note 7 “Stockholders’ Equity” to the financial statements included in our 2022 Annual Report. As of December 31, 2022, Mr. Hirsch held options to purchase an aggregate of 140,000 shares of common stock. Fees Earned or Paid in Cash: $32,500; Option Awards: $304,800; Total: $337,300.
2024-05-15	Warren Hirsch has been a member of our Board since 2019 and currently serves as a member of the Compensation Committee and Nominating and Corporate Governance Committee and as chairman of the Audit Committee. The current members of the Audit Committee are Jason Barr, Louis Gleckel and Warren Hirsch. Mr. Hirsch serves as Chairman of the Audit Committee. The current members of the Compensation Committee are Jason Barr, Louis Gleckel and Warren Hirsch. The members of the Nominating Committee are Jason Barr, Louis Gleckel and Warren Hirsch. The table set forth below shows Warren Hirsch received $35,000 Fees Earned or Paid in Cash and $188,000 Option Awards for a total of $223,000 in 2023.