Annual Report 2018 - Page 39

Name Term Principal occupation and other business affiliations Charles Steck 2016-2019 Principal occupation: Self-employed grain and livestock farmer Other business affiliations: Advisory Committee: FCS Financial Rural Community and Agriculture Foundation, Vice President 2017-2020 Principal occupation: Self-employed livestock farmer Other business affiliations: Member: Oregon County Soil and Water Conservation District Board, Chair 2017-2020 Principal occupation: Self-employed cow-calf farmer General Manager: Top Dollar Angus, Inc., Angus genetics certification Other business affiliations: Drovers magazine columnist Service Began: 2013 David Stubblefield Service Began: 2017 Jared Wareham Service Began: 2017 Pursuant to our bylaws, directors are paid an annual retainer of $4,500 for attendance at board meetings, committee meetings, or other special assignments. Directors are also reimbursed for reasonable expenses incurred in connection with such meetings or assignments. The Board of Directors has adopted a rate of $475 per day. The directors are also compensated $0.50 per mile honorarium for travel time. In recognition of the additional duties and responsibilities, the Chairperson and Vice Chairperson received an additional annual retainer of $3,000 and $1,750, respectively. Committee chairpersons are paid an additional annual retainer of $1,200. All retainers are paid biannually in January and July. Information regarding compensation paid to each director who served during 2018 follows: Name Number of Days Served Other Board Official Meetings Activities Kenneth Bergmann Michael L. Cook Glen Cope 1 Mark C. DeShon Dan Devlin Maurice Glosemeyer 2 Daniel Hulse Sherry Jones David Meneely James A. Nivens 2 Troy D. Norton Mark Pierce Rick Rehmeier Beth Schnitker 1 Charles Steck David Stubblefield Jared Wareham Compensation Paid for Service on a Board Committee Name of Committee Governance & Compensation ($900); Audit ($900); Executive ($3,900) Governance & Compensation Legislative Legislative Legislative Total Compensation Paid in 2018 11.0 9.0 7.0 10.0 9.0 10.0 5.5 7.0 12.5 11.0 $5,700 3,000 300 4,800 4,200 $24,061 19,023 13,922 24,840 23,058 4.0 12.0 12.0 12.0 10.0 9.5 15.0 13.0 2,700 3,000 6,840 3,000 Governance & Compensation, Chair ($2,100); Executive ($600) Audit Legislative, Chair ($5,640); Executive ($1,200) Audit 13,547 22,263 27,874 25,977 4.0 11.0 12.0 11.0 8.0 12.0 12.0 9.0 15.5 10.0 27.0 11.5 8.0 21.0 10.5 8.5 6,000 6,300 8,950 4,800 1,500 5,100 2,400 2,400 Governance & Compensation ($1,500); Executive ($4,500) Audit, Chair ($5,100); Executive ($1,200) Governance & Compensation ($3,300); Executive ($5,650) Governance & Compensation, Chair ($600); Executive ($600); Legislative ($3,600) Audit Audit ($1,500); Legislative ($3,600) Governance & Compensation Legislative ($900); Audit ($1,500) 18,037 22,915 35,943 23,922 14,843 28,783 24,668 20,972 $384,648 1 Term commenced June 2018 2 Term expired May 2018 Senior Officers Senior Officers as of December 31, 2018, including business experience during the last five years Name and Position Business experience and other business affiliations David D. Janish Chief Executive Officer Business experience: Chief Executive Officer from August 2013 to present Chief Operations Officer for CoBank's Wichita Banking Center from 2012 to July 2013 Other business affiliations: Board member of Agriculture Leaders of Tomorrow Board member of College of Agriculture, Food and Natural Resources Foundation Advisory Committee: FCS Financial Rural Community and Agriculture Foundation John Bandy General Counsel Business experience: General Counsel from August 2016 to present Principal at Bandy Law Firm from October 2014 to July 2016 General Counsel at Cabot Norit Americas, Inc. from September 2008 to September 2014 36