People: Lufkin Industries Inc (LUFK.O)

Summary

Name	Age	Since	Current Position
Douglas Smith	70	2008	Independent Chairman of the Board
John Glick	60	2008	President, Chief Executive Officer, Director
Christopher Boone	44	2012	Chief Financial Officer, Vice President, Principal Accounting Officer
Mark Crews	56	2012	Senior Vice President and General Manager—Oilfield Division
Alejandro Cestero	38	2011	Vice President, General Counsel, Secretary
Claude Hay	58	2011	Vice President & General Manager - Power Transmission Division
Brian Gifford	57	2010	Vice President - Human Resources
Scott Semlinger	59	2007	Vice President - Manufacturing Technology
John Anderson	70	2003	Independent Director
Suzanne Baer	65	2005	Independent Director
John Hofmeister	65	2010	Independent Director
James Jongebloed	71	2002	Independent Director
Richard Stewart	63	2009	Independent Director
Howard Trout	68	1980	Independent Director
Thomas Wiener	72	1987	Independent Director

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Biographies

Name	Description
Douglas Smith	Mr. Douglas V. Smith is Independent Chairman Of the Board of Directors of Lufkin Industries Inc. since May 1995. Mr. Smith was elected President, CEO and a director of the Company in January 1993 and Chairman of the Board in May 1995. Mr. Smith retired from active employment in February 2008. Mr. Smith serves as Chairman of the Executive Committee and is an ex oficio member of the Pension Committee, Audit Committee and Nominating and Governance Committee. Prior to his more than 15 years as President and CEO of the Company, Mr. Smith held executive management positions with Cooper Industries, Inc. and Cameron Iron Works, Inc. with an aggregate 25 years of experience with those companies. As the Company’s President and CEO, Mr. Smith was integrally involved in the Company’s strategic planning, acquisitions and financial and operational reporting, and as a result, he possesses invaluable knowledge of and insight into the Company’s management and operations, which provides him with an excellent perspective to assess risks, opportunities, credibility and strategic direction. He received his B.S.M.E. from Clemson University, his M.S.M.E. from the University of Kentucky and his M.B.A. from the Harvard Graduate School of Business.
John Glick	Mr. John F. Glick is President, Chief Executive Officer, Director of Lufkin Industries Inc. Mr. Glick joined the Company in September 1994 as Vice President and General Manager of the PowerTransmission Division. He was elected President and a director of the Company in 2007 and CEO in 2008. He previously served as Vice President and General Manager of the Oilfield Division. Prior to joining the Company, Mr. Glick served with Cameron Iron Works, Inc. and Cooper Industries, Inc. in senior management positions for a combined 20 years. He received a B.S. in Journalism from the University of Kansas and graduated from the Harvard Graduate School of Business Program for Management Development.
Christopher Boone	Mr. Christopher L. Boone is Chief Financial Officer, Vice President, Principal Accounting Officer of Lufkin Industries, Inc. Mr. Boone has been employed with the Company since January 1993 and has served as Vice President and Chief Financial Officer since May 2008. He also serves as the Company’s Principal Accounting Officer. From May 2008 to February 2012, Mr. Boone also served as the Company’s Treasurer. Prior to becoming the Company’s Vice President, Treasurer and Chief Financial Officer, Mr. Boone served as the Company’s Corporate Controller from August 1999 to May 2008. Mr. Boone holds a B.S. from Washington & Lee University and an M.B.A. from the Thunderbird School of Global Management.
Mark Crews	Mr. Mark E. Crews is Senior Vice President and General Manager—Oilfield Division of Lufkin Industries, Inc. Mr. Crews was named Vice President and General Manager of the Oilfield Division in January 2008 and in September 2012 was elevated to the position of Senior Vice President. Prior to joining the Company, Mr. Crews was employed by Cameron Iron Works, Cooper Oil Tool and Cameron International Corporation in various senior management positions around the world from 1978 until 2007. Mr. Crews holds a B.S. degree in Mechanical Engineering from Texas A&M University and is a graduate of the Harvard University Graduate School of Business Program for Management Development.
Alejandro Cestero	Mr. Alejandro Cestero is Vice President, General Counsel, Secretary of Lufkin Industries Inc. Mr. Cestero was named Vice President and General Counsel in May 2011 and was named Secretary in July 2011. He also serves as the Company’s Chief Compliance Officer. Prior to joining the Company, Mr. Cestero was employed by Seahawk Drilling, Inc., an offshore drilling company, as Senior Vice President, General Counsel, Chief Compliance Officer and Secretary from August 2009 until February 2011. In February 2011, having experienced a , prolonged reduction in its cash flow as a result of the deepwater offshore drilling moratorium declared in response to the Deepwater Horizon/BP oil spill in the Gulf of Mexico, Seahawk Drilling filed for reorganization under Chapter 11 of the United States Bankruptcy Code and its assets simultaneously sold to Hercules Offshore, Inc. Prior to his work with Seahawk Drilling, Mr. Cestero was employed by Pride International, where he served in various positions within the General Counsel’s office beginning in 2002, including as Deputy General Counsel and Assistant Secretary. Mr. Cestero holds a J.D. from Stanford University Law School and a B.A. and an M.B.A. from Rice University.
Claude Hay	Mr. Claude D. Hay is Vice President & General Manager - Power Transmission Division of Lufkin Industries, Inc., since September 2011. Prior to joining the Company, Mr. Hay was employed by Crane Group at the Manitowoc Company as Senior Vice President of Global Operations from May 2011 until September 2011. He also served as Vice President of Operations at Manitowoc Shady Grove from 2007 until May 2011. Prior to joining Manitowoc, Mr. Hay served in various senior operations, procurement and lean manufacturing positions at Joy Mining Machinery, JLG Industries and Ingersoll-Rand Company. Mr. Hay has a bachelor's degree in industrial engineering from The Ohio State University.
Brian Gifford	Mr. Brian J. Gifford is Vice President - Human Resources of Lufkin Industries, Inc., since September 2010. Prior to joining the Company, Mr. Gifford was employed by Xtreme Coil Drilling Corporation in Houston, Texas, as Corporate Director of Human Resources from 2008 until 2010, and was the owner of an executive search corporation from 2005 until 2008. Mr. Gifford also previously held management positions with Schlumberger and ENSCO International. Mr. Gifford holds a B.A. in Psychology from the University of Windsor.
Scott Semlinger	Mr. Scott H. Semlinger is Vice President - Manufacturing Technology of Lufkin Industries Inc. Mr. Semlinger has been employed by the Company since December 1975. Prior to becoming the Company’s Vice President—Manufacturing Technology in April 2007, Mr. Semlinger served as Vice President and General Manager of the Company’s Trailer Division from December 1997 until April 2007. Mr. Semlinger holds a B.S.B.E. degree from Texas A&M University.
John Anderson	Mr. John F. Anderson is Independent Director of Lufkin Industries Inc. since 2003. He currently serves as a member of the Executive Committee, Compensation Committee and Pension Committee. As a descendant of one of the Company’s founding families and having an active involvement in regional organizations, he provides the Board with local knowledge of and linkage to the area in which most of the Company’s employees and manufacturing facilities are located. His background as President of a property and casualty insurer provides experience in risk assessment and loss control to the Board. He holds a B.S. degree in Political Science from Stephen F. Austin State University.
Suzanne Baer	Ms. Suzanne V. Baer is Independent Director of Lufkin industries Inc. since 2005. She is formerly Executive Vice President and Chief Financial Officer of Energy Partners, Ltd. from 2001 to 2005. She serves as Chairman of the Audit Committee and a member of the Pension Committee. Ms. Baer also serves as a member of the Board and Audit Committee of Hercules Offshore, Inc.. Ms. Baer’s board service experience along with her executive background, which includes executive positions with Energy Partners, Ltd., Burlington Resources, Inc. and Louisiana Land and Exploration Company, have provided her with distinctive insights into the management and operation of a variety of companies in the energy market. She has experience as a financial executive and as a Certified Public Accountant. Ms. Baer received her B.A. from Louisiana State University and her M.B.A. from Tulane University.
John Hofmeister	Mr. John D. Hofmeister is Independent Director of Lufkin Industries, Inc. since January 2010. He is formerly President and U.S. country chair for Shell Oil Company U.S., and formerly human resources group director for Royal Dutch/Shell Group in The Hague, Netherlands. Mr. Hofmeister serves as Chairman of the Nominating/Governance Committee and is a member of the Compensation Committee. Mr. Hofmeister currently serves on the Board of CAMAC Energy Inc. and Hunting Plc. Mr. Hofmeister is also the founder of and has served as CEO of Citizens for Affordable Energy Inc. since 2008. In addition to his career with Shell Oil Company, he has served in executive management positions with Allied Signal, Inc., Northern Telecom, Inc. and the General Electric Company. He received his B.A. and M.A. in Political Science from Kansas State University.
James Jongebloed	Mr. James T. Jongebloed is Independent Director of Lufkin Industries Inc. since 2002. He was formerly Chairman, President and CEO of Pool Energy Services, Inc. He serves as a member of the Nominating/Governance Committee and the Audit Committee. Mr. Jongebloed was the General Counsel and Corporate Secretary of Atwood Oceanics from 1973 to 1978. He also previously served as a director of Nuevo Energy Company, which provided him with board experience. Mr. Jongebloed served on the Audit Committee during his service on the Nuevo Energy board. Mr. Jongebloed received a B.S. degree in Chemical Engineering from the University of Houston and his Doctor of Jurisprudence from South Texas College of Law.
Richard Stewart	Mr. Richard R. Stewart is the Independent Director of Lufkin Industries, Inc since 2009. He is formerly President and CEO of GE Aero Energy and an officer of General Electric Company from February 1998 to January 2007. Mr. Stewart is a member of the Pension Committee and Audit Committee. From 1972 to 1998, Mr. Stewart served in various positions of increasing responsibility at Stewart & Stevenson Services, Inc., including Group President and member of the Board of Directors. Mr. Stewart currently serves on the boards of Kirby Corporation and Eagle Materials, Inc. Mr. Stewart also currently serves on the Audit Committee of Kirby Corporation. His experience with power generation equipment and its application throughout the world provides the Board with a tremendous resource. In addition to operational experience, Mr. Stewart’s executive management positions have provided him with substantial experience in the preparation and review of financial results and reports. He received his B.B.A. in finance from the University of Texas.
Howard Trout	Mr. Howard J. Trout, Jr. is Independent Director of Lufkin Industries Inc. since 1980. He has been manager of his own investments. He serves as Chairman of the Pension Committee and as a member of the Executive Committee and the Nominating/Governance Committee. Mr. Trout is a descendant of one of the Company’s founding families, and Mr. Trout is holder of a number of shares of the Company’s Common Stock. His presence on the Board provides a historical link to the Company’s founders and the basic philosophy that has maintained the direction of the Company throughout its 110 year history. He also was employed by the Company for 17 years, serving as a Sales Manager in what is today the Power Transmission Division. He is a graduate of Texas Tech University with degrees in Industrial Management and Industrial Engineering.
Thomas Wiener	Mr. Thomas E. Wiener is Independent Director of Lufkin Industries Inc. since 1987. He has been attorney at law from 1968 to present. He currently serves on the Executive Committee, Nominating/Governance Committee and Pension Committee. Mr. Wiener is a descendant of one of the Company’s founding families. His presence on the Board provides a historical link to the Company’s founders and the basic philosophy that has maintained the direction of the Company throughout its 110 year history. He received his B.A. from the University of Texas at Austin and his Doctor of Jurisprudence with Honors from the University of Texas School of Law.

Basic Compensation

Name	Fiscal Year Total
Douglas Smith	2,932,570
John Glick	4,166,700
Christopher Boone	1,208,840
Mark Crews	1,425,100
Alejandro Cestero	830,805
Claude Hay	872,753
Brian Gifford	--
Scott Semlinger	1,420,840
John Anderson	--
Suzanne Baer	--
John Hofmeister	--
James Jongebloed	--
Richard Stewart	--
Howard Trout	--
Thomas Wiener	--

As Of 30 Dec 2012

Options Compensation

Name	Options	Value
Douglas Smith	134,820	4,459,156
John Glick	91,700	3,867,232
Christopher Boone	4,000	179,247
Mark Crews	19,500	903,153
Alejandro Cestero	0	0
Claude Hay	0	0
Brian Gifford	0	0
Scott Semlinger	80,100	2,251,123
John Anderson	0	0
Suzanne Baer	0	0
John Hofmeister	0	0
James Jongebloed	0	0
Richard Stewart	0	0
Howard Trout	0	0
Thomas Wiener	0	0

Insider Trading

Name	Shares Traded	Price
WIENER THOMAS ELI	2,000	$88.41
GIFFORD BRIAN J	1,101	$88.41
GIFFORD BRIAN J	1,101	$88.41
WIENER THOMAS ELI	2,870	$88.37
WIENER THOMAS ELI	390	$88.38
BOONE CHRISTOPHER L	5,973	$0.00
HAY CLAUDE D	4,108	$0.00
CREWS MARK E	7,880	$0.00
GIFFORD BRIAN J	4,178	$0.00
CESTERO ALEJANDRO	4,538	$0.00
GLICK JOHN F	11,583	$0.00
SEMLINGER SCOTT H	3,690	$0.00
WIENER THOMAS ELI	900	$49.24
WIENER THOMAS ELI	2,000	$15.33
CESTERO ALEJANDRO	424	$50.47
HAY CLAUDE D	468	$50.47
CREWS MARK E	1,058	$50.47
GIFFORD BRIAN J	633	$50.47
BOONE CHRISTOPHER L	729	$50.47
WIENER THOMAS ELI	4,000	$8.01
TROUT HOWARD JAMES JR	40,000	$54.59
GLICK JOHN F	1,000	$49.73
WIENER THOMAS ELI	2,000	$5.48
WIENER THOMAS ELI	2,000	$5.48
HOFMEISTER JOHN D	1,617	$0.00

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People: Lufkin Industries Inc (LUFK.O)

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Summary

Biographies

Basic Compensation

Options Compensation

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