WILLIAM J. FARRELL III - Corporate Board Profile

PRO DEX INC

Filing Date	Source Excerpt
2013-10-24	William J. Farrell III (40), current director and nominee, has, from January 2011 until the present, served as Chief Executive Officer of Viszy Inc., a start-up company developing software and services for the consumer market. Mr. Farrell is also Chief Executive Officer of B ō biam, LLC, a company that turns youth art into apparel and other products, which it merchandises through its retail store and wholesale channels. From April 1998 to January 2011, Mr. Farrell held various senior management roles at Medtronic, Inc. (NYSE: MDT), a multi-national medical technology company. Mr. Farrell has been a director of our since January 2013. The table shows he serves on Audit and Compensation committees. The 2013 Directors’ Compensation Plan shows he waived stock options and certain fees, receiving $1,000 in fees.
2014-10-22	Our Board is currently composed of five members... William J. Farrell III 41 Director X X ... Mr. Farrell has been a director of ours since January 2013... The following table details the cash retainers and fees, as well as equity compensation in the form of stock awards, paid to our non-employee directors during fiscal 2014: ... William J. Farrell III $2,000 ...
2015-10-22	William J. Farrell III (42), current director and nominee, is co-founder and Chief Operating Officer, since January 2013, of FreshRealm, LLC, a developer of new technologies to streamline fresh food distribution. In addition, from January 2011 until the present, he has served as Chief Executive Officer of Viszy Inc., a start-up company developing software and services for the consumer market. Mr. Farrell is also Chief Executive Officer of B biam, LLC, a company that turns youth art into apparel and other products, which it merchandises through its retail store and wholesale channels. From April 1998 to January 2011, Mr. Farrell held various senior management roles at Medtronic, Inc. (NYSE: MDT), a multi-national medical technology company. His engineering career began with eight years in production support, process development and operations. He then worked 10 years in product development for Medtronic, during which time he led management teams in program, product and process development. At the end of his tenure with Medtronic, he was Senior Director of Product Development and led corporate-wide initiatives to improve design, reliability and manufacturability practices. Mr. Farrell has a B.S. degree in Mechanical Engineering from the University of Minnesota (1996). Mr. Farrell has been a director of ours since January 2013. Mr. Farrell brings the following experience, qualifications, attributes and skills to our Board: Current senior-level management, operating and board experience; More than 12 years of experience in engineering and management roles in the medical device industry, our primary target market; and Independent of our management. 2013 Directors Compensation Plan The following table details the cash retainers and fees, as well as equity compensation in the form of stock awards, paid to our non-employee directors during fiscal 2015: Name Fees Paid in Cash($) Option Awards($) Total($) David C. Hovda $24,800 24,800 William J. Farrell III $1,400 1,400 Nicholas J. Swenson $2,000 2,000 Raymond E. Cabillot $2,000 2,000 The cash amount reported in this column represents amounts paid to directors during fiscal 2015 and in some cases includes a portion of fees earned in fiscal 2014.
2016-10-17	William J. Farrell III (43), current director and nominee, is co-founder and Chief Operating Officer, since January 2013, of FreshRealm, LLC, a developer of new technologies to streamline fresh food distribution. In addition, from January 2011 until the present, he has served as Chief Executive Officer of Viszy Inc., a start-up company developing software and services for the consumer market. Mr. Farrell is also Chief Executive Officer of B ō biam, LLC, a company that turns youth art into apparel and other products, which it merchandises through its retail store and wholesale channels. From April 1998 to January 2011, Mr. Farrell held various senior management roles at Medtronic, Inc. (NYSE: MDT), a multi-national medical technology company. His engineering career began with eight years in production support, process development and operations. He then worked 10 years in product development for Medtronic, during which time he led management teams in program, product and process development. At the end of his tenure with Medtronic, he was Senior Director of Product Development and led corporate-wide initiatives to improve design, reliability and manufacturability practices. Mr. Farrell has a B.S. degree in Mechanical Engineering from the University of Minnesota (1996). Mr. Farrell has been a director of ours since January 2013.
2017-10-19	William J. Farrell III 44 Director X X ...The following table details the cash retainers and fees, as well as equity compensation in the form of stock awards, earned by our non-employee directors during fiscal 2017: David C. Hovda $25,000 William J. Farrell III $18,000 Nicholas J. Swenson $18,000 Raymond E. Cabillot $18,000 ...The cash amount reported in this column represents amounts earned during fiscal 2017.
2018-10-05	William J. Farrell III 45 Director Audit: X Compensation: X The following table details the cash fees, as well as equity compensation in the form of stock awards, earned by our non-employee directors during fiscal 2018: Name: William J. Farrell III Fees Paid in Cash: $18,000 Option Awards: $0 Total: $18,000
2019-10-07	William J. Farrell III (46), current director and nominee, has from October 2, 2017 until the present, served as SVP of Business Services at Gundersen Health System, an integrated healthcare organization serving counties in Wisconsin, Iowa, and Minnesota. ... Mr. Farrell has been a director of ours since January 2013. The following table details the cash fees, as well as equity compensation in the form of stock awards, earned by our non-employee directors during fiscal 2019: Name Fees Paid in Cash ($) Option Awards ($) Total ($) William J. Farrell III $18,000 $0 $18,000 Our Board has an Audit Committee that consists of three Board members, Messrs. Hovda (Chairman), Cabillot and Swenson. Our Board has a Compensation Committee that consists of three Board members, Messrs. Swenson (Chairman), Cabillot and Farrell.
2020-10-06	William J. Farrell III 47 Director X X ...The following table details the cash fees earned by our non-employee directors during fiscal 2020. No stock options or other compensation was issued or paid to our non-employee directors during fiscal 2020. David C. Hovda $ 25,000 Raymond E. Cabillot $ 18,000 William J. Farrell III $ 18,000 Katrina M.K. Philp $ 9,000 Nicholas J. Swenson $ 18,000
2021-10-05	William J. Farrell III 48 Director Audit: X Compensation: X The following table details the fees earned by our non-employee directors during fiscal 2021. David C. Hovda $18,000 $347,080 $372,080 Raymond E. Cabillot $18,000 $347,080 $365,080 William J. Farrell III $18,000 $347,080 $365,080 Katrina M.K. Philp $18,000 $347,080 $365,080 Nicholas J. Swenson $18,000 $347,080 $365,080
2022-10-03	William J. Farrell III 49 Director Audit: X Compensation: X The following table details the fees earned by our non-employee directors during fiscal 2022. William J. Farrell III $18,000
2023-10-27	William J. Farrell III 50 Director Audit: X Compensation: X The following table details the fees earned by our non-employee directors during fiscal 2023. William J. Farrell III $18,000 $18,000
2024-10-08	William J. Farrell III 51 Director Audit X Compensation X. The following table details the fees earned by our non-employee directors during fiscal 2024. William J. Farrell III $18,000 Total $18,000.