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United Kingdom

Village Super Market Inc (VLGEA.OQ)

VLGEA.OQ on NASDAQ Stock Exchange Global Select Market

24.23USD
17 Nov 2017
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Summary

Name Age Since Current Position

James Sumas

83 2009 Chairman of the Board, Chief Executive Officer

Robert Sumas

75 2014 President, Director

William Sumas

69 2015 Vice Chairman of the Board, Executive Vice President, Secretary

John Sumas

46 2014 Chief Operating Officer, General Counsel, Director

John Sumas

67 1989 Executive Vice President, Director

Nicholas Sumas

47 2014 Chief Marketing Officer, Director

Kevin Begley

58 2014 Director

Steven Crystal

60 2001 Independent Director

David Judge

55 2003 Independent Director

Peter Lavoy

75 2009 Independent Director

Stephen Rooney

54 2009 Independent Director

Biographies

Name Description

James Sumas

Mr. James Sumas is no longer the Chairman of the Board, Chief Executive Officer of the Company., effective December 15, 2017. Mr. Sumas was elected Chairman of the Board in 1989. He was named Chief Executive Officer in 2002. He has served variously as Vice President, Treasurer and a Director of the Company since its incorporation in 1955. James Sumas served as Vice Chairman of Wakefern Food Corporation and was a member of its Board of Directors for over 30 years. Mr. Sumas also is the Chairman of Wakefern’s Grocery Committee and its Advertising Committee. In addition, he is Vice Chairman of Wakefern’s Sales and Merchandising Committee and of ShopRite Supermarkets, Inc., Wakefern’s supermarket operating subsidiary. Mr. Sumas also is a member of Wakefern’s Trade Name and Trademark, Strategic Planning and Customer Satisfaction Committees.

Robert Sumas

Mr. Robert Sumas has been appointed as President, Chief Executive Officer, Director of the Company., effective December 16, 2017. He currently serves as President, Director of the Company. Mr. Sumas has served as President since 2009. He has served variously as Executive Vice President, Chief Operating Officer, Secretary and a Director of the Company since 1969. Robert Sumas is Chairman of Wakefern’s Health and Beauty Aids Committee and is a member of Wakefern’s Communications, Sales and Merchandising, Property Management and Nonfoods Committees. The Board concluded that Robert Sumas should continue to serve as a Director of the Company in part due to his extensive knowledge of the Company and Wakefern obtained over his 53 year career with the Company.

William Sumas

Mr. William Sumas has been appointed as Chairman of the Board, Executive Vice President, Secretary of the Company., effective December 16, 2017. He currently serves as Vice Chairman of the Board, Executive Vice President, Secretary of the Company. Mr. Sumas has served as Vice Chairman of the Board since 2009. He has served as Vice President and a Director of the Company since 1980. Since 1989, he has served as an Executive Vice President. He has responsibility for real estate development. William Sumas is a member of Wakefern’s Environmental, Government Relations, and Sanitation, Safety and Appearance Committees. He recently served as Chairman of the New Jersey Food Council for 8 years. The Board concluded that William Sumas should continue to serve as a Director of the Company in part due to his extensive knowledge of Wakefern, the Company, the local real estate environment and governmental matters obtained over his 47 year career with the Company.

John Sumas

Mr. John J. Sumas is Chief Operating Officer, General Counsel, Director of the Company. Mr. Sumas has served as a Director since June 2009, Chief Operating Officer since 2014, and was appointed General Counsel in 2007. In addition, he served as Vice President from 2007 through 2014. He is Chairman of Wakefern’s Food Service Committee, Chairman of Wakefern’s Retail Employee Relations Committee, and a member of Wakefern’s Insurance and Shop-Rite Retail Services Committees. The Board concluded that John J. Sumas should continue to serve as a Director of the Company in part due to his knowledge of Wakefern and the Company, as well as his legal experience.

John Sumas

Mr. John P. Sumas is Executive Vice President and Director of the Company. Mr. Sumas has served as Vice President and a Director of the Company since 1982. Since 1989, he has served as an Executive Vice President. He has responsibility for the Company’s frozen food and dairy operations. John P. Sumas is a member of Wakefern’s Frozen Food and Dairy Committees. The Board concluded that John P. Sumas should continue to serve as a Director of the Company in part due to his extensive knowledge of Wakefern and the Company obtained over his 43 year career with the Company.

Nicholas Sumas

Mr. Nicholas James Sumas is Chief Marketing Officer, Director of the Company. Mr. Sumas has served as a Director since June 2009 and Chief Marketing Officer since 2014. Mr. Sumas is also a member of the Wakefern Food Corporation Board of Directors. Mr. Sumas has held a diversity of supervisory positions since his employment in 1994 and was Vice President from 2007 through 2014. He is currently also responsible for store operations and perishables. Nicholas Sumas is Vice Chairman of Wakefern’s Digital Commerce, Operations Excellence and Meat Committees, and is a member of Wakefern’s CGO and Finance Committees. The Board concluded that Nicholas Sumas should continue to serve as a Director of the Company in part due to his in-depth knowledge of Wakefern and the Company.

Kevin Begley

Mr. Kevin Begley, CPA, is Director of the Company. Mr. Begley has served as a Director since June 2009 and was the Company’s Chief Financial Officer from 1987 until his retirement in December 2014. In addition, he served as Treasurer from 2002 through 2014. Mr. Begley is a Certified Public Accountant. Mr. Begley also serves as a Director of Push to Walk, a non-profit organization that provides individualized workouts and resources to people with spinal cord injuries and other forms of paralysis. The Board concluded that Kevin Begley should continue to serve as a Director of the Company in part due to his extensive knowledge of the Company and his finance and accounting knowledge obtained over his 34 year career.

Steven Crystal

Mr. Steven Crystal is Independent Director of the Company, since 2001. Mr. Crystal has served as a Director and Chairman of the Audit Committee since 2001. Mr. Crystal also owns motorcycle dealerships in both Reno, NV and Salt Lake City, UT. In addition, Mr. Crystal also owns a 65,000 sq. ft. Ace Hardware and Furniture store in Sparks, Nevada. Since 1980, Mr. Crystal has been a member of The New York Commodity Exchange and The New York Mercantile Exchange and actively trades commodities on and off the floor. Beginning in 2013, Mr. Crystal began serving as Chairman of the Board of Automated Cash Systems, a debit card processor for the casino industry. Between 2005 and 2008, Mr. Crystal, as commodity trading advisor and a commodity pool operator, managed a hedge fund — Crystal Investment Partners, L.P. — registered with the National Futures Association. In addition, Mr. Crystal owns and manages multiple commercial real estate properties.

David Judge

Mr. David C. Judge is an Independent Director of the Company, since June 2003. Judge has served as a Director of the Company since June 2003. Mr. Judge is the principal of DS&C Advisors, LLC, which primarily provides financial consulting services. He was formerly an Executive Vice President for The Bank of New York Mellon (“BNYM”). He was BNYM’s Head of Securities Industry Banking, with responsibility for all investment bank, commercial bank and broker/dealer client relationships. Mr. Judge previously held a diversity of assignments in corporate banking during his 29-year career on Wall Street, including managing BNYM’s Retailing Industry Division and the Corporate Credit Analysis & Monitoring Group. He was a member of BNYM’s Operating Committee, which is responsible for executing the strategy and policies of the firm on a global basis. He previously served as a Director for Contemporary Guidance Services for eight years, where he was Chairman of the Audit Committee.

Peter Lavoy

Mr. Peter R. Lavoy is an Independent Director of the Company, since June 2009. Mr. Lavoy has served as a Director since June 2009. Mr. Lavoy has 40 years of executive experience in the New Jersey retail grocery industry. Mr. Lavoy retired from Foodtown, Inc., a cooperative grocery chain, as President and Chief Operating Officer in December 2006. From 2004 to June 2014, he served on the Board of Trustees of the Food Institute, a trade association providing information and services to the food industry. The Board concluded that Peter R. Lavoy should continue to serve as a Director of the Company in part due to his senior executive experience in, and extensive knowledge of, the retail food industry.

Stephen Rooney

Mr. Stephen F. Rooney is an Independent Director of the Company, since June 2009. Mr. Rooney has served as a Director since June 2009. Mr. Rooney is a Senior Vice President/Chief Credit Officer of Unity Bank. Previous to this, he was a financial analyst with Standard & Poor’s asset-backed securities group and a corporate lending officer with CoreStates Bank where he focused on the retail industry, with a specialty in supermarket lending. The board concluded that Stephen F. Rooney should continue to serve as a Director of the Company due to his strong financial background and past lending experience with the retail industry.

Basic Compensation

Name Fiscal Year Total

James Sumas

1,297,470

Robert Sumas

1,266,550

William Sumas

1,203,740

John Sumas

--

John Sumas

1,341,580

Nicholas Sumas

--

Kevin Begley

354,158

Steven Crystal

--

David Judge

--

Peter Lavoy

--

Stephen Rooney

--
As Of  30 Jul 2016