People: PrimeEnergy Corp (PNRG.OQ)

PNRG.OQ on NASDAQ Stock Exchange Capital Market

67.75USD
4:00pm EDT
Price Change (% chg)

$3.99 (+6.26%)
Prev Close
$65.10
Open
$67.75
Day's High
$67.75
Day's Low
$67.75
Volume
17
Avg. Vol
183
52-wk High
$67.75
52-wk Low
$37.95

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Summary

Name Age Since Current Position

Charles Drimal

66 1987 Chairman of the Board, President, Chief Executive Officer

Beverly Cummings

61 1991 Principal Financial Officer, Executive Vice President, Treasurer, Director

H. Gifford Fong

69 1994 Independent Director

Thomas Gimbel

59 1989 Independent Director

Clint Hurt

78 1988 Independent Director

Jan Smeets

66 1988 Independent Director

Biographies

Name Description

Charles Drimal

Mr. Charles E. Drimal, Jr., is Chairman of the Board, President, Chief Executive Officer of PrimeEnergy Corporation, since October, 1987. He also holds similar positions with the Company’s subsidiaries. Mr. Drimal is a graduate of the University of Maryland and Samford University School of Law and is a member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors.

Beverly Cummings

Ms. Beverly A. Cummings is Principal Financial Officer, Executive Vice President, Treasurer, Director of PrimeEnergy Corporation. Ms. Cummings is a Certified Public Accountant and holds a Bachelor of Science degree from the State University of New York and a Master of Business Administration from Rutgers University. She was elected Vice President, Chief Financial Officer and Treasurer of the Company in October, 1987, and Executive Vice President and Treasurer in May, 1991, and serves as the Principal Financial Officer of the Company. Ms. Cummings holds similar positions with the Company’s subsidiaries. The attributes that prompted Ms. Cummings’ election to the Board were her significant financial skills and experience, as well as her understanding of oil and gas operations, and in particular of those of PrimeEnergy. Those qualifications continue to contribute to her effective service as a director today.

H. Gifford Fong

Mr. H. Gifford Fong is Independent Director of PrimeEnergy Corporation. He is president of Gifford Fong Associates, an investment technology consulting firm located in Lafayette, California. Mr. Fong holds a Bachelor of Science, a Master of Business Administration and a Juris Doctor degree from the University of California. Mr. Fong is the editor of The Journal of Investment Management and is the author and a frequent contributor of numerous trade journal publications. Mr. Fong’s expertise in transaction valuation, portfolio risk management and asset management is an important resource for the Board.

Thomas Gimbel

Mr. Thomas Suffern Tailer Gimbel is Independent Director of PrimeEnergy Corporation. He is the Executive Managing Director of Optima Fund Management LLC, an investment advisory and asset management firm registered with the Securities and Exchange Commission, with offices in New York City. He previously served as Managing Director, Business and Product Development of that firm. Prior to joining Optima, he was the Managing Director of Hedge Fund Investments at Credit Suisse Asset Management, New York. In addition, he is Vice President and Director of American Farmland Company, a Maryland Corporation. Mr. Gimbel holds a Bachelor of Arts degree in economics from Bowdoin College and a Master of Business Administration from Columbia University Graduate School of Business.

Clint Hurt

Mr. Clint Hurt is Independent Director of PrimeEnergy Corporation. Mr. Hurt is president of Clint Hurt & Associates, Inc., a private oil and gas exploration company located in Midland, Texas. He is past president of the Independent Oil & Gas Association of West Virginia and is a former director of Chase Bank of Texas, Midland, Texas.

Jan Smeets

Mr. Jan K. Smeets is Independent Director of PrimeEnergy Corporation. Mr. Smeets is the President of Smeets Management, Inc., a privately held consulting firm in Larchmont, New York. Mr. Smeets holds a Bachelor of Science and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Masters of Business Administration from Stamford Graduate School of Business. In the course of his career, Mr. Smeets worked as a process engineer for Exxon in Aruba and as a management consultant with McKinsey and Company serving clients in the communications, chemicals and oil industries. He also served on the board of the Citco Group, an international financial services provider.

Basic Compensation

Name Fiscal Year Total

Charles Drimal

2,658,190

Beverly Cummings

1,343,140

H. Gifford Fong

--

Thomas Gimbel

--

Clint Hurt

--

Jan Smeets

--
As Of 30 Dec 2013

Options Compensation

Name Options Value

Charles Drimal

44,995,156 325,000

Beverly Cummings

4,540,625 195,000

H. Gifford Fong

0 0

Thomas Gimbel

0 0

Clint Hurt

0 0

Jan Smeets

0 0
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