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1st Source Corp (SRCE.OQ)

SRCE.OQ on NASDAQ Stock Exchange Global Select Market

46.75USD
19 Oct 2018
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Summary

Name Age Since Current Position

Christopher Murphy

71 2014 Chairman of the Board, Chief Executive Officer; Chairman of the Board and Chief Executive Officer of the Bank

James Seitz

65 2014 President of 1st Source Corporation, President of 1st Source Bank

Andrea Short

55 2014 Chief Financial Officer, Executive Vice President, Treasurer of the Company and the Bank

John Griffith

60 2011 Executive Vice President, Chief Administrative Officer, General Counsel, Secretary

Jeffrey Buhr

58 2014 Executive Vice President and Chief Credit Officer, 1st Source Bank

Timothy Ozark

68 2011 Lead Independent Director

Christopher Murphy

48 2011 Director

Daniel Fitzpatrick

60 1995 Independent Director

Najeeb Khan

64 2011 Independent Director

Vinod Khilnani

65 2013 Independent Director

Rex Martin

66 1996 Independent Director

John Phair

68 2004 Independent Director

Mark Schwabero

65 2004 Independent Director

Biographies

Name Description

Christopher Murphy

Mr. Christopher J. Murphy III, is Chairman of the Board, Chief Executive Officer of 1st Source Corporation, and Chairman of the Board and Chief Executive Officer of 1st Source Bank, a subsidiary of 1st Source Corporation. He is Chairman of the Board and Chief Executive Officer, 1st Source and 1st Source Bank. Over 45 years of banking and business experience, including serving as a Director and/or President and Chief Executive Officer of both 1st Source Corporation or 1st Source Bank for 45 years. Mr. Murphy contributes long-term perspective, current knowledge, and extensive contacts in all communities in which the Company does business. Prior to 1st Source, Mr. Murphy worked at Citibank, and while in college, for the Office of the Comptroller of the Currency, U.S. Department of the Treasury. Extensive knowledge of 1st Source and 1st Source Bank and general knowledge in the finance/banking industry, investments, insurance, venture capital, and real estate investments. Serves as a director of Data Realty, LLC, representing 1st Source’s investment in this provider of managed data center, data analysis and other technology related services. Serves on numerous boards including those of the Medical Education Foundation (serves as the citizen’s advisory board of Indiana University Medical School at Notre Dame), the Indiana State Chamber of Commerce, the Indiana Commission for Higher Education and the Independent Colleges of Indiana. Chairman of the Board of Regents of the Indiana Academy and also serves as a member of the Beacon Health System Audit Committee. Previously served on public company boards. B.A. in Government from the University of Notre Dame, a J.D. from the University of Virginia Law School and an M.B.A. from the Harvard University School of Business.

James Seitz

Mr. James R. Seitz is President of the Company, President of 1st Source Bank, a subsidiary of 1st Source Corporation. He was appointed as Executive Vice President of the Company effective April 25, 2013. Mr. Seitz has served as President of 1st Source Bank since October 2012 and prior thereto, Executive Vice President. Mr. Seitz, formerly Executive Vice President, has been responsible for consumer and electronic banking, managing the Regional Presidents in Indiana and Michigan, as well as the areas of Consumer Lending and Mortgage, Electronic and Mobile Banking, Branch Administration, Deposit Operations and corporate-wide Marketing. Since joining 1st Source in 1980 as Branch Manager of the Bank's Maple Lane Banking Center, Seitz has served as a Regional Manager, Supervisor of Banking Centers, Director of Online Banking and Manager of Consumer and Electronic Banking. Seitz received his M.B.A. from the University of Notre Dame and his B.S. in Business Marketing from Indiana University. He is active in the community with the Community Home Buyers Corporation, St. Anthony de Padua Church, the Juvenile Diabetes Association, the South Bend Country Club and the Indiana University and Notre Dame Alumni Associations.

Andrea Short

Ms. Andrea G. Short is Chief Financial Officer, Executive Vice President, Treasurer of the Company and the Bank of 1st Source Corporation and 1st Source Bank, a subsidiary of 1st Source Corporation, effective from January 1, 2013. Ms. Short began her career at 1st Source Bank in 1998 as Tax Director. In September of 2001, she was promoted to Vice President and Controller responsible for all finance and accounting functions for 1st Source Corporation, its subsidiaries and affiliates. She was promoted to Senior Vice President in 2011. A Certified Public Accountant with a B.A. degree from Alma College, she recently completed the University of Chicago Booth School of Business’ Chicago Management Institute.

John Griffith

Mr. John B. Griffith is Executive Vice President, Chief Administrative Officer, General Counsel, Secretary of 1st Source Corporation and 1st Source Bank, a subsidiary of 1st Source Corporation. Prior thereto, he has been Senior Vice President, General Counsel and Secretary, 1st Source Corporation and 1st Source Bank.

Jeffrey Buhr

Mr. Jeffrey L. Buhr is Executive Vice President and Chief Credit Officer, 1st Source Bank, a subsidiary of 1st Source Corporation. Prior thereto, he was Senior Vice President, 1st Source Bank.

Timothy Ozark

Mr. Timothy K. Ozark is an Lead Independent Director of 1st Source Corp. He is Chairman and Chief Executive Officer, Aim Financial Corporation (mezzanine funding and leasing) and from 2012 to January 2017, Chairman, CFWF, Inc. (seafood processor and commercial fishing company). 38 years of financial experience, including 26 years as founder, Chairman and Chief Executive Officer of Aim Financial Corporation, a mezzanine lender to privately held companies. Mr. Ozark also is President and CEO of TKO Finance Corporation, a lender to financial services and manufacturing companies. From 1980 to 1983, Mr. Ozark served as Executive Vice President of Great American Management Services, Inc. a wholly owned subsidiary of American Financial Corporation of Cincinnati, Ohio which specialized in equipment leasing and lending. From 1984 to 1992, Mr. Ozark served as CEO and President of Meridian Leasing Corporation, one of North America’s largest privately held leasing companies with revenues in excess of $500 million. Expertise in mezzanine funding, lending-leasing and general knowledge of business, finance, and real estate investing. Contributes long-term perspective in all of these areas. Qualifies as an audit committee financial expert under SEC guidelines. Serves as lead director. Serves as a a member of the Visiting Committee to the Division of Biological Sciences and the Pritzker School of Medicine for The University of Chicago and on the board of directors for a number of privately held companies. B.S. in Business Administration from the University of Minnesota and an M.B.A. from St. Cloud State University. Served as an officer in the United States Marine Corps from 1968-1974.

Christopher Murphy

Mr. Christopher J. Murphy IV is Director of 1st Source Corporation, since April 2011. Owner and Chief Executive Officer, Catharsis Productions, LLC (training programs). 18 years of business experience as co-founder, owner and Chief Executive Officer (previously Executive Director) of Catharsis Productions, LLC. Contributes general business knowledge, long-term perspective and expertise in entrepreneurship, government contracting and creative marketing and development expertise. Although not eligible to serve on the Audit Committee, meets the criteria to be an audit committee financial expert under SEC guidelines. Served as co-chairperson of MEN (Men Endorsing Non-Violence) Illinois state subcommittee and serves as board member for the non-profit organization Interact. Also serves as educator for the Our Whole Lives (OWL) program. B.A. in Liberal Studies, Communications and Theatre and an M.B.A. from the University of Notre Dame.

Daniel Fitzpatrick

Mr. Daniel B. Fitzpatrick is an Independent Director of 1st Source Corporation, since 1995. He is Chairman and Chief Executive Officer, Quality Dining, Inc. (quick service and casual dining restaurant operator). 36 years of business experience as the founder, Chairman and Chief Executive Officer of Quality Dining, Inc. As head of a locally headquartered, multi-concept restaurant company with operations located in seven states, Mr. Fitzpatrick contributes long-term perspective, current knowledge, and extensive contacts in communities in which the Company does business. Expertise in the restaurant industry and general knowledge of food services retailing. Previous public company experience. Qualifies as an audit committee financial expert under SEC guidelines. Serves as Past Chairman of the Holy Cross College Board of Trustees and board member for Women’s Care Center Foundation, both in South Bend. Mr. Fitzpatrick has served with nearly two dozen other community organizations. B.A. in Business Administration from the University of Toledo.

Najeeb Khan

Mr. Najeeb A. Khan is an Independent Director of 1st Source Corporation, since April 2011. He is Chairman and Chief Executive Officer, Interlogic Outsourcing, Inc. and affiliated companies (payroll processing, tax filing and human resources administration services); and Independent Trustee, Whitestone REIT. 35 years of business experience as the founder, Chairman and Chief Executive Officer of Interlogic Outsourcing, Inc., as former Chairman and Chief Executive Officer of CNA Unisource, Inc. and as former Vice President of Commercial Services for Midwest Commerce Data Corporation, a wholly owned subsidiary of NBD Midwest Commerce Bank. As head of a locally owned business currently operating in 48 states, Mr. Khan contributes long-term perspective, current knowledge and extensive contacts in several communities where many manufacturing and retail customers are located. Expertise in technology, payroll, human resources, outsourcing services, venture and real estate investing, and entrepreneurial activities. Knowledge of specialized automotive markets. Qualifies as an audit committee financial expert under SEC guidelines. Formerly served as a member of the Investment Committee of the Community Foundation of St. Joseph County and member of the Finance Committees for WNIT Public Television and Holy Cross College. B.S. in Mathematics/Computer Science from Grand Valley State University.

Vinod Khilnani

Mr. Vinod M. Khilnani is an Independent Director of 1st Source Corporation. He is Chairman of the Board, Chair of the Governance and Organization Committee and member of the Executive and Compensation Committees, Materion Corporation; Director and Chairman of the Compensation Committee, Esco Technologies, Inc. and Director, Chairman of the Nominating and Corporate Governance Committees and member of the Audit Committee, Gibraltar Industries, Inc. Retired (2013) Executive Chairman of the Board, CTS Corporation (electronics components and accessories); prior thereto, Chairman and Chief Executive Officer, CTS Corporation. He has 38 years of business experience, including 13 years as Executive Chairman, Chairman, President, Chief Executive Officer and Chief Financial Officer of CTS Corporation as well as 18 years in various senior executive finance and global leadership positions with Cummins, Inc. Expertise in global operations as well as extensive skills in finance, accounting, mergers and acquisitions, international business and manufacturing, corporate strategy and corporate governance. Previous public company experience. Contributes long-term perspective in all of these areas. Qualifies as an audit committee financial expert under SEC guidelines. Certified Public Accountant (inactive) and Certified Management Accountant. B.A. in Business Administration from Delhi University and an M.B.A. in Finance from the University of New York at Albany.

Rex Martin

Mr. Rex Martin is Independent Director of 1st Source Corporation, since 1996. He is Chairman and Chief Executive Officer, NIBCO, Inc. (copper and plastic plumbing parts manufacturer). 42 years of business experience with NIBCO, Inc. a family-owned business, including 32 years as Chairman and Chief Executive Officer. As head of Elkhart, Indiana-based NIBCO, Inc., Mr. Martin contributes long-term perspective, current knowledge, and extensive contacts in a community where the Company does business. Expertise in the copper and plastic plumbing parts manufacturing industry and general knowledge of sales, marketing, finance and technology. Qualifies as an audit committee financial expert under SEC guidelines. Serves as Founder and Director of the Rex and Alice A. Martin Foundation. Mr. Martin also is a board member of the Park Foundation of Elkhart, Indiana. B.A. in English from Indiana University and an M.B.A. from the Massachusetts Institute of Technology.

John Phair

Mr. John T. Phair is an Independent Director of 1st Source Corporation, since 2004. He is the President, Holladay Properties (real estate development). 46 years of business experience, including 39 years in the real estate industry and seven years in the mortgage-banking field. Mr. Phair has been President of Holladay Properties for 20 years. Mr. Phair also is the managing partner of approximately 75 commercial partnerships and 13 joint ventures. As head of a locally based business, Mr. Phair contributes long-term perspective, current knowledge and extensive contacts in communities in which the Company does business. Expertise in real estate development as well as general knowledge of the construction, hospitality, finance, and real estate industries. Serves or served on the boards of the Boys & Girls Club of St. Joseph County, Family & Children’s Center, WNIT Public Television, the South Bend Civic Theatre, the Alliance of Indiana (IU Kelley School of Business), Project Future and the Villages of Indiana. B.A. in Political Science from Marquette University.

Mark Schwabero

Mr. Mark D. Schwabero is an Independent Director of 1st Source Corporation, since 2004. He is Chairman, Chief Executive Officer and Director, Brunswick Corporation (recreation products); prior thereto, President and Chief Operating Officer, Brunswick Corporation and President, Mercury Marine (marine propulsion systems). Nearly 42 years of total experience in the automotive and commercial vehicle/manufacturing industries, the last 32 as a senior executive. For the last 14 years Mr. Schwabero has been with Brunswick Corporation. He became Chairman and Chief Executive Officer in February 2016 after having served as President and Chief Operating Officer of Brunswick Corporation and President of Mercury Marine. Detailed knowledge of these industries as well as long-term perspective in manufacturing and general management expertise. Public company experience. Qualifies as an audit committee financial expert under SEC guidelines. Former director of National Exchange Bank & Trust. Serves on the Advisory Committee of The Ohio State University Center for Automotive Research. Past Chairman of the National Marine Manufacturers Association. B.S. and M.S. in Industrial and Systems Engineering from The Ohio State University.

Basic Compensation

Name Fiscal Year Total

Christopher Murphy

1,855,630

James Seitz

735,006

Andrea Short

629,652

John Griffith

656,970

Jeffrey Buhr

563,357

Timothy Ozark

85,000

Christopher Murphy

68,750

Daniel Fitzpatrick

66,250

Najeeb Khan

75,000

Vinod Khilnani

89,250

Rex Martin

55,000

John Phair

74,000

Mark Schwabero

60,250
As Of  31 Dec 2017