| | | | By Order of the Board of Directors, | |
| | | | ![]() ![]() Erica Borenstein General Counsel and Secretary | |
| Denver, Colorado March 24, 2021 | | | | |
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Name | | Age(1) | | Title | | Director Since | | | Age(1) | | Title | | Director Since | | ||||||
Chris A. Downey | | 69 | | Independent Director | | 2014 | | | 70 | | Independent Director | | 2014 | | ||||||
Joseph W. Glauber | | 66 | | Independent Director | | 2015 | | | 67 | | Independent Director | | 2015 | | ||||||
John A. Good | | 62 | | Independent Director | | 2018 | | | 63 | | Independent Director | | 2018 | | ||||||
Thomas P. Heneghan | | 57 | | Independent Director | | 2020 | | |||||||||||||
Toby L. O’Rourke | | 43 | | Independent Director | | 2021 | | |||||||||||||
Paul A. Pittman | | 57 | | Executive Chairman, President and Chief Executive Officer | | 2014 | | | 58 | | Executive Chairman, President and Chief Executive Officer | | 2014 | |
| | Year Ended December 31, 2019 | | Year Ended December 31, 2018 | | | Year Ended December 31, 2020 | | Year Ended December 31, 2019 | | ||||||||||||||||
Audit Fees(1) | | | $ | 484,726 | | | | $ | 147,605 | | | | | $ | 379,546 | | | | $ | 484,726 | | | ||||
Audit-Related Fees(2) | | | | 4,750 | | | | | 4,652 | | | | | | 0 | | | | | 4,750 | | | ||||
Tax Fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
All Other Fees(3) | | | | — | | | | | 75,560 | | | |||||||||||||||
Total | | | $ | 489,476 | | | | $ | 227,817 | | | | | $ | 379,546 | | | | $ | 489,476 | | |
Member | | | Audit Committee | | | Compensation Committee | | | Nominating and Corporate Governance Committee | |
Chris A. Downey* | | | X (chair) | | | X | | | X | |
Joseph W. Glauber | | | X | | | X | | | | |
John A. Good | | | X | | | X (chair) | | | X | |
Name | | Fees Paid in Cash | | Stock Awards(1) | | All Other Compensation(2) | | Total | | | Fees Paid in Cash | | Awards(1) | | Stock Compensation(2) | | All Other Total | | ||||||||||||||||||||||||||||||||
Jay B. Bartels(3) | | | $ | 27,500 | | | | $ | 14,891 | | | | $ | 402 | | | | $ | 42,793 | | | |||||||||||||||||||||||||||||
Chris A. Downey | | | $ | 53,500 | | | | $ | 14,891 | | | | $ | 537 | | | | $ | 68,928 | | | | | $ | 50,750 | | | | $ | 25,000 | | | | $ | 738.95 | | | | $ | 76,488.95 | | | ||||||||
Joseph W. Glauber | | | $ | 40,250 | | | | $ | 14,891 | | | | $ | 537 | | | | $ | 55,678 | | | | | $ | 38,250 | | | | $ | 25,000 | | | | $ | 738.95 | | | | $ | 63,988.95 | | | ||||||||
John A. Good | | | $ | 42,250 | | | | $ | 14,891 | | | | $ | 537 | | | | $ | 57,678 | | | | | $ | 39,750 | | | | $ | 25,000 | | | | $ | 972.40 | | | | $ | 65,722.40 | | | ||||||||
Thomas P. Heneghan(3) | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
Toby L. O’Rourke(4) | | | | — | | | | | — | | | | | — | | | | | — | | |
Name | | | Age(1) | | | Title | |
Paul A. Pittman | | | | | Executive Chairman, President and Chief Executive Officer | | |
Luca Fabbri | | | | | Chief Financial Officer and Treasurer | | |
Erica Borenstein | | | | | General Counsel and Secretary | |
Name and Principal Position | | | Year | | | Salary | | | Bonus(1) | | | Stock Awards(2) | | | All Other Compensation(3) | | | Total | | ||||||||||||||||||
Paul A. Pittman Executive, President and Chief Executive Officer | | | | | 2019 | | | | | $ | 477,000 | | | | | $ | 477,000 | | | | | $ | 809,580 | | | | | $ | 40,314 | | | | | $ | 1,803,894 | | |
| | | 2018 | | | | | $ | 477,000 | | | | | $ | — | | | | | $ | 599,997 | | | | | $ | 23,468 | | | | | $ | 1,100,465 | | | ||
Luca Fabbri Chief Financial Officer and Treasurer | | | | | 2019 | | | | | $ | 275,000 | | | | | $ | 150,000 | | | | | $ | 247,200 | | | | | $ | 13,176 | | | | | $ | 685,376 | | |
| | | 2018 | | | | | $ | 275,000 | | | | | $ | 122,472 | | | | | $ | 249,999 | | | | | $ | 5,713 | | | | | $ | 653,184 | | | ||
Erica Borenstein General Counsel and Secretary | | | | | 2019 | | | | | $ | 180,000 | | | | | $ | 125,000 | | | | | $ | 41,196 | | | | | $ | 2,775 | | | | | $ | 348,971 | | |
| | | 2018 | | | | | $ | 175,000 | | | | | $ | 85,000 | | | | | $ | 29,998 | | | | | $ | 926 | | | | | $ | 290,924 | | |
Name and Principal Position | | | Year | | | Salary | | | Bonus(1) | | | Stock Awards(2) | | | All Other Compensation(3) | | | Total | | ||||||||||||||||||
Paul A. Pittman | | | | | 2020 | | | | | $ | 525,000 | | | | | $ | 440,000 | | | | | $ | 300,000 | | | | | $ | 34,296 | | | | | $ | 1,299,296 | | |
Executive, President and Chief Executive Officer | | | | | 2019 | | | | | $ | 477,000 | | | | | $ | 477,000 | | | | | $ | 809,580 | | | | | $ | 40,314 | | | | | $ | 1,803,894 | | |
Luca Fabbri | | | | | 2020 | | | | | $ | 300,000 | | | | | $ | 125,000 | | | | | $ | 285,000 | | | | | $ | 15,791 | | | | | $ | 725,791 | | |
Chief Financial Officer and Treasurer | | | | | 2019 | | | | | $ | 275,000 | | | | | $ | 150,000 | | | | | $ | 247,200 | | | | | $ | 13,176 | | | | | $ | 685,376 | | |
Erica Borenstein | | | | | 2020 | | | | | $ | 200,000 | | | | | $ | 85,000 | | | | | $ | 110,000 | | | | | $ | 4,557 | | | | | $ | 399,557 | | |
General Counsel and Secretary | | | | | 2019 | | | | | $ | 180,000 | | | | | $ | 125,000 | | | | | $ | 41,196 | | | | | $ | 2,775 | | | | | $ | 348,971 | | |
Name | | Grant Date | | Market Value of Shares That Have Not Vested(1) | | Number of Shares That Have Not Vested | | | Grant Date | | Market Value of Shares That Have Not Vested(1) | | Number of Shares That Have Not Vested | | |||||||||||||||||||||
Paul A. Pittman Executive Chairman and Chief Executive Officer | | | 2/24/2017 | | | $ | 128,522 | | | | | 18,956(2) | | | |||||||||||||||||||||
| 3/5/2018 | | | $ | 349,936 | | | | | 51,613(2) | | | |||||||||||||||||||||||
| 3/15/2019 | | | $ | 888,180 | | | | | 131,000(2) | | | |||||||||||||||||||||||
Luca Fabbri Chief Financial Officer and Treasurer | | | 2/24/2017 | | | $ | 29,663 | | | | | 4,375(2) | | | |||||||||||||||||||||
| 3/5/2018 | | | $ | 145,811 | | | | | 21,506(2) | | | |||||||||||||||||||||||
| 3/15/2019 | | | $ | 271,200 | | | | | 40,000(2) | | | |||||||||||||||||||||||
Erica Borenstein General Counsel and Secretary | | | 6/13/2016 | | | $ | 24,476 | | | | | 3,610(3) | | | |||||||||||||||||||||
| 2/21/2017 | | | $ | 3,119 | | | | | 460(2) | | | |||||||||||||||||||||||
| 2/12/2018 | | | $ | 18,225 | | | | | 2,688(2) | | | |||||||||||||||||||||||
| 3/15/2019 | | | $ | 45,195 | | | | | 6,666(2) | | | |||||||||||||||||||||||
Paul A. Pittman | | | | 3/5/2018 | | | | $ | 224,520.90 | | | | | 25,807(2) | | | |||||||||||||||||||
Executive Chairman and Chief Executive Officer | | | | 3/15/2019 | | | | $ | 759,805.80 | | | | | 87,334(2) | | | |||||||||||||||||||
| | | | 3/16/2020 | | | | $ | 420,288.30 | | | | | 48,309(2) | | | |||||||||||||||||||
Luca Fabbri | | | | 3/5/2018 | | | | $ | 93,559.80 | | | | | 10,754(2) | | | |||||||||||||||||||
Chief Financial Officer and Treasurer | | | | 3/15/2019 | | | | $ | 232,002.90 | | | | | 26,667(2) | | | |||||||||||||||||||
| | | | 3/16/2020 | | | | $ | 399,269.10 | | | | | 45,893 | | | |||||||||||||||||||
Erica Borenstein | | | | 6/13/2016 | | | | $ | 15,703.50 | | | | | 1,805(3) | | | |||||||||||||||||||
General Counsel and Secretary | | | | 2/12/2018 | | | | $ | 11,692.80 | | | | | 1,344(2) | | | |||||||||||||||||||
| | | | 3/15/2019 | | | | $ | 38,662.80 | | | | | 4,444(2) | | | |||||||||||||||||||
| | | | 3/16/2020 | | | | $ | 154,103.10 | | | | | 17,713(2) | | |
Plan Category | | | Number of Securities to be Upon Exercise of Outstanding Options, Warrants and | | | Weighted Average Exercise Price of Outstanding Options, Warrants and | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Securities Reflected in First Column) | | |||||||||
Equity compensation plans approved by stockholders | | | | | — | | | | | | — | | | | | | | | |
Equity compensation plans not approved by stockholders | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | | | | | | | | | | | | |
Name | | Number of Shares of Common Stock Beneficially Owned | | % of All Common Stock Shares(1) | | Number of shares of 6.00% Series B Participating Preferred Stock Beneficially Owned | | % of All Shares of 6.00% Series B Participating Preferred Stock(2) | | | Number of Shares of Common Stock Beneficially Owned | | % of All Common Stock Shares(1) | | Number of shares of 6.00% Series B Participating Preferred Stock Beneficially Owned | | % of All Shares of 6.00% Series B Participating Preferred Stock(2) | | ||||||||||||||||||||||||||||||||
Paul A. Pittman | | | | 2,441,203(3) | | | | | 7.68% | | | | | 800 | | | | | * | | | | | | 2,474,203(3) | | | | | 8.1% | | | | | 800 | | | | | * | | | ||||||||
Luca Fabbri | | | | 207,715(4) | | | | | * | | | | | 1,400(5) | | | | | * | | | | | | 207,715(4) | | | | | * | | | | | 1,400(5) | | | | | * | | | ||||||||
Erica Borenstein | | | | 58,815 | | | | | * | | | | | — | | | | | | | | | | | 58,815 | | | | | * | | | | | — | | | | | | | | ||||||||
Chris A. Downey | | | | 79,913(6) | | | | | * | | | | | — | | | | | | | | | | | 76,364(6) | | | | | * | | | | | | | | | | | | | ||||||||
Joseph W. Glauber | | | | 15,291 | | | | | * | | | | | — | | | | | | | | | | | 15,291 | | | | | * | | | | | — | | | | | | | | ||||||||
John A. Good | | | | 18,265 | | | | | * | | | | | — | | | | | | | | | | | 28,265 | | | | | * | | | | | — | | | | | * | | | ||||||||
All executive officers, directors and director nominees as a group (6 people) | | | | 2,821,202 | | | | | 8.88% | | | | | 2,200 | | | | | * | | | |||||||||||||||||||||||||||||
Thomas P. Heneghan | | | | 1,318,388(7) | | | | | 4.3% | | | | | — | | | | | * | | | |||||||||||||||||||||||||||||
Toby L. O’Rourke | | | | — | | | | | * | | | | | — | | | | | * | | | |||||||||||||||||||||||||||||
All executive officers, directors and director nominees as a group (8 people) | | | | 4,179,041 | | | | | 13.6% | | | | | 5,468 | | | | | * | | | |||||||||||||||||||||||||||||
More than 5% Beneficial Owners | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
BlackRock, Inc.(7) 55 East 52nd Street | | | | 2,156,319 | | | | | 7.2% | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
Global Alpha Capital Management Ltd.(8) 1800 McGill College Avenue Suite 2310 Montreal A8 H3A 3J6 | | | | 1,915,944 | | | | | 6.4% | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
Massachusetts Financial Services Company(9) 111 Huntington Avenue 24th Floor Boston, MA 02199(10) | | | | 1,938,922 | | | | | 6.4% | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
Gerald R. Forsythe 111 Willis Avenue Wheeling, IL 60090 | | | | 1,430,487 | | | | | * | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
BlackRock, Inc. (8) 55 East 52nd Street New York, NY 10055 | | | | 1,961,352 | | | | | 6.4% | | | | | — | | | | | | | | |||||||||||||||||||||||||||||
Global Alpha Capital Management Ltd. (9) 1800 McGill College Avenue Suite 2310 Montreal A8 H3A 3J6 | | | | 2,818,732 | | | | | 9.2% | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
Gerald R. Forsythe (10) 111 Willis Avenue Wheeling, IL 60090 | | | | 1,527,368 | | | | | 5.0% | | | | | — | | | | | * | | |
Name and Title | | | Number of Shares (#) of Restricted Stock Granted | | |||
Paul A. Pittman Executive Chairman, President and Chief Executive Officer | | | | | 480,699 | | |
Luca Fabbri Chief Financial Officer and Treasurer | | | | | 200,215 | | |
Erica Borestein General Counsel and Secretary | | | | | 38,815 | | |
All current executive officers, as a group (3 persons) | | | | | 719,729 | | |
All current directors who are not current executive officers as a group (5 persons) | | | | | 37,717 | | |
Each nominee for election as a director | | | | | — | | |
Each associate of any such directors, executive officers, or nominees | | | | | — | | |
Each other person who received or is to receive 5 percent of such options or awards | | | | | — | | |
All employees, including officers who are not current executive officers, as a group | | | | | 1,029,075 | | |
| | | | **** | |
| | | | By Order of the Board of Directors, ![]() | |
| | | | Erica Borenstein General Counsel and Secretary | |
| Denver, Colorado | | | | |
| March 24, 2021 | | | | |