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Gentex Corp (GNTX.O)

GNTX.O on Nasdaq

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20 Aug 2019
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Summary

Name Age Since Current Position

James Wallace

76 2018 Independent Chairman of the Board

Steven Downing

41 2018 President, Chief Executive Officer

Kevin Nash

44 2018 Chief Financial Officer, Vice President - Finance, Treasurer

Neil Boehm

47 2018 Chief Technology Officer, Vice President - Engineering

Scott Ryan

38 2018 Vice President, General Counsel and Corporate Secretary

Matthew Chiodo

54 2017 Vice President of Sales

Brad Bosma

2018 Vice President - Vision Systems and Dimmable Glass

Robert Vance

77 2018 Vice President of New Markets

Leslie Brown

65 2016 Independent Director

Gary Goode

73 2003 Independent Director

James Hollars

74 2014 Independent Director

John Mulder

82 2002 Independent Director

Richard Schaum

72 2011 Independent Director

Frederick Sotok

84 2000 Independent Director

Kathleen Starkoff

61 2018 Independent Director

Brian Walker

57 2018 Independent Director

Biographies

Name Description

James Wallace

Mr. James H. Wallace is Independent Chairman of the Board of Gentex Corporation. Mr. Wallace is Chair of the Board of Cranel, Inc., a Columbus, Ohio, company that provides storage, imaging, and information technology services; data storage solutions; document imaging, storage, publishing, and duplication services; and support, to the storage and imaging industry. Previously, he served as President and Chief Executive Officer of Cranel, Inc. for more than five years. His experience in the information technology services industry offers the Board of Directors an understanding of evolving technologies, in addition to manufacturing expertise, especially while operating in an entrepreneurial environment. Mr. Wallace has been affirmatively identified as an independent director by the Board of Directors. Mr. Wallace is Chair of the Board, Chair of the Company’s Nominating and Corporate Governance Committee, and serves on the Company's Compensation Committee.

Steven Downing

Mr. Steven Downing is President, Chief Executive Officer of the Company. Mr. Downing was elected Chief Executive Officer effective as of January 1, 2018. He previously served as President and Chief Operating Officer from August 2017 to December 2017, as Senior Vice President and Chief Financial Officer from June 2015 to August 2017, as Vice President of Finance and Chief Financial Officer from May 2013 to June 2015, as Vice President of Commercial Management from July 2012 to May 2013, as Director of Commercial Management from June 2009 to July 2012, as Commercial Manager from October 2006 to June 2009, as Senior Financial Analyst from April 2006 to October 2006, and prior to that was a Financial Analyst from his hire date in July 2002 to April 2006.

Kevin Nash

Mr. Kevin Nash is Chief Financial Officer, Vice President - Finance, Treasurer of the Company. Nash joined On February 21, 2018, the Company announced that Kevin Nash was appointed as the Company's Vice President, Finance, Chief Financial Officer, and Treasurer, effective as of February 15, 2018. He will remain the Company's Chief Accounting Officer. Mr. Nash was previously, the Company's Vice President of Accounting and Chief Accounting Officer, a role he has held since 2014 and served as Director of Accounting and Chief Accounting Officer before that. He has been employed by the Company since 1999, beginning as a senior accountant, progressing to accounting manager, Corporate Controller and then Director of Accounting and Chief Accounting Officer until his promotion to Vice President of Accounting and Chief Accounting Officer.

Neil Boehm

Mr. Neil Boehm is Chief Technology Officer, Vice President - Engineering of the Company. Boehm joined on February 21, 2018, the Company announced that Neil Boehm was appointed as the Company's Vice President, Engineering and Chief Technology Officer as of February 15, 2018 and was also appointed an executive officer. Mr. Boehm was previously the Company's Vice President of Engineering, a role he has held since 2015 and previously served as Senior Director of Engineering. He has been employed by the Company since 2001, beginning as a program manager, progressing to Director of Electrical Engineering, and then Senior Director of Engineering until his promotion to Vice President of Engineering.

Scott Ryan

Mr. Scott P. Ryan is Vice President, General Counsel and Corporate Secretary of the Company. He has On August 16, 2018, Scott Ryan was appointed Vice President, General Counsel and Corporate Secretary. Mr. Ryan was previously Assistant General Counsel and Corporate Secretary from June 2015 to August 2018. Prior to that he served as Patent Counsel from November 2013 to June 2015 and prior to that was a Patent Attorney from his hire date in December 2010 to November 2013. Mr. Ryan became an executive officer on August 20, 2015.

Matthew Chiodo

Mr. Matthew Chiodo is the Vice President, Sales of the Company. Chiodo has on February 21, 2018, the Company announced that Matthew Chiodo, the Company's Vice President of Sales, was appointed an executive officer effective February 15, 2018. Mr. Chiodo has been in his current role since January 2017 and previously served as Director of Sales. He has been employed by the Company since 2001, beginning in sales, progressing to Director of Sales until his promotion to Vice President of Sales.

Brad Bosma

Mr. Brad Bosma is Vice President - Vision Systems and Dimmable Glass of the Company. His Gentex career spans more than 28 years, having held various positions in engineering, program management and executive leadership. Most recently, Bosma was vice president of the Company's European operations, where he is credited with helping establish and grow much of Gentex's European business.

Robert Vance

Mr. Robert D. Vance is Vice President of New Markets of the Company. Vance is responsible for the strategic development of new technologies, partnerships and markets that leverage the Company's core competencies. He will also manage Gentex's Fire Protection division. Vance worked for Gentex from 2005 to 2011 as Vice President of Business Development – Japan Automakers, but most recently worked as Vice President of Innotec Corporation, responsible for strategic business, product, market and partner development. He also spent 10 years with Johnson Controls in a variety of positions in finance, operations and business management.

Leslie Brown

Ms. Leslie Brown is Independent Director of the Company. Ms. Brown, since 2003, is the owner and chairperson of Metal Flow Corporation, a Holland, Michigan, based high volume producer of technically sophisticated custom metal (of various varieties) components through deep draw processes. Including operations in China, Metal Flow Corporation globally ships over one million parts daily for a variety of automotive applications, including airbags, decorative trim, emissions, fuel handling, sensors, and solenoids. As such, Ms. Brown has a significant understanding of, and experience with, challenges faced by manufacturing companies that supply the global automotive industry. In addition to her years of experience as an entrepreneurial automotive supplier, as a prominent local businesswoman serving on a variety of community organization boards of directors (including as chairperson of the Holland Hospital Board), Ms. Brown has demonstrated a high degree of professionalism and personal integrity. Ms. Brown offers insight and perspective especially in terms of developing and maintaining an entrepreneurial team. Ms. Brown has been affirmatively identified as an independent director by the Board of Directors. She serves on the Company's Nominating and Corporate Governance Committee.

Gary Goode

Mr. Gary F. Goode is an Independent Director of Gentex Corporation. Mr. Goode is the Chairman of Titan Distribution LLC, an Elkhart, Indiana company, that offers consulting and distribution services related to structural adhesives, and has held that position since 2004. He was previously employed at Arthur Andersen LLP for 29 years, including 11 years as the managing partner of its West Michigan practice, until his retirement in 2001. As an audit committee financial expert, Mr. Goode provides the Board with financial reporting and accounting expertise. His many years of public accounting experience provided Mr. Goode the opportunity to work with a great variety of small and large companies, including public companies, in a broad array of industries (including automotive and technology companies). Such experience allows Mr. Goode to provide excellent perspective to the Board of Directors. Mr. Goode has been affirmatively identified as an independent director by the Board of Directors and as an audit committee financial expert. He is Chair of the Company's Audit Committee and serves on the Company's Compensation and Nominating and Corporate Governance Committees.

James Hollars

Mr. James Hollars is Independent Director of the company. Mr. Hollars currently serves as a license partner of Engel & Volkers, a global company and lifestyle brand providing high quality services to those seeking to buy and sell real estate and has so served for more than five years. Prior to that, he served as the Senior Vice President - Sales of the Company from 1999 to 2009. Mr. Hollars has an exceptional understanding of the sales process for suppliers to automotive OEMs, especially in Europe which continues to be an important geographic market for the Company. Mr. Hollars offers the Board of Directors unique insight into the decision-making process of automotive customers in regards to sourcing. His familiarity with the Company's core business principles and what it takes to work in an entrepreneurial environment allow him to understand the Company more fully. Mr. Hollars has been affirmatively identified as an independent director by the Board of Directors.

John Mulder

Mr. John Mulder is an Independent Director of Gentex Corporation. Mr. Mulder was the Vice President-Customer Relations of the Company from February 2000 to June 2002. Before that, he was Senior Vice President-Automotive Marketing of the Company from September 1998 to February 2000. Prior to September 1998, he was Vice President- Automotive Marketing of the Company for more than five years. Mr. Mulder's overall understanding of the Company's primary industry and intimate knowledge of selling to automotive OEMs provides insight to the Board of Directors. His familiarity with the Company's core business principles and close relationship developed over the years with relevant decision makers at the Company's customers offer the Board of Directors a valuable perspective. Mr. Mulder has been affirmatively identified as an independent director by the Board of Directors.

Richard Schaum

Mr. Richard O. Schaum is an Independent Director of Gentex Corporation. Mr. Schaum has been General Manager of 3rd Horizon Associates LLC, a technology assessment and development company, since May 2003. From October 2003 until June 2005, he was Vice President and General Manager of Vehicle Systems for WaveCrest Laboratories, Inc., a startup company involved in the commercialization of proprietary electric propulsion systems. Prior to that, for more than thirty years, he was with DaimlerChrysler Corporation, and its predecessor, Chrysler Corporation, including as Executive Vice President, Product Development, and General Manager of Powertrain Operations. His responsibilities over those years included product development, manufacturing, program management, and quality. Mr. Schaum is a fellow of the Society of Automotive Engineers and served as its President from 2007 to 2008. He is on the Board of Directors and is a member of the Audit and Compensation Committees of Sterling Construction, Inc., a heavy civil construction company. He has also previously served on the Board of Directors of BorgWarner, Inc. Mr. Schaum has extensive executive and management experience at all levels in a Fortune 100 company and more recent experience with an entrepreneurial start-up company, as well as knowledge of, and interest in, corporate governance matters, gained on the board of a Fortune 500 company. In addition, his technical background and operating experience contribute to the breadth and depth of the Board's interactions and deliberations. Mr. Schaum has been affirmatively identified as an independent director by the Board of Directors. He is chair of the Company's Compensation Committee and serves on the Company's Audit Committee.

Frederick Sotok

Mr. Frederick A. Sotok is an Independent Director of Gentex Corporation. Mr. Sotok was Executive Vice President and Chief Operating Officer of Prince Corporation (manufacturer of automotive interior parts that was acquired by Johnson Controls in 1996) in the last five years of his employment which began in October 1977 and ended in October 1996. By virtue of Mr. Sotok's former position at a large automotive interior and electronic parts supplier, Mr. Sotok has a thorough understanding of the global automotive industry and the unique challenges faced by automotive suppliers, including both organizational and administrative issues. Mr. Sotok's 17 years of experience in manufacturing management at General Electric also provides the Board of Directors with manufacturing experience to draw upon. Mr. Sotok has been affirmatively identified as an independent director by the Board of Directors. Mr. Sotok serves on the Company's Audit Committee.

Kathleen Starkoff

Ms. Kathleen Starkoff is Independent Director of the Company. Ms. Starkoff is the President and CEO of Orange Star Consulting, a Columbus, Ohio based information technology consulting firm. She has served in that role since 2013. Prior to that, Ms. Starkoff was Chief Information Officer at the Ohio State University from 2008-2013. Before that, she served as Chief Technology Officer and Group Vice President of Limited Brands (now L Brands), a $6 billion global retailer that includes Victoria’s Secret. She also served as Chief Technology Officer and Senior Vice President of BankOne Corporation (now JPMorgan Chase). As such, Ms. Starkoff provides the Board of Directors with significant information technology and enterprise risk management expertise, including in the public company context. In addition, she has significant private and nonprofit board experience and has been recognized by the National Association of Corporate Directors (“NACD”) as both a “Leadership Fellow,” and a featured cyber-security expert. Ms. Starkoff has been affirmatively identified as an independent director by the Board of Directors. Ms. Starkoff will serve on the Company's Audit Committee beginning with the review of the Company's financial results for the first quarter of 2019.

Brian Walker

Mr. Brian C. Walker is Independent Director of the Company. Mr. Walker most recently served as President and CEO of Herman Miller, Inc., a West Michigan based company involved in the research, design, manufacture, selling, and distribution of office furniture systems, seating products, and other free-standing furniture elements, prior to his retirement. Mr. Walker worked at Herman Miller, Inc. for 29 years in a variety of capacities, including Chief Operating Officer, Chief Financial Officer, and Executive Vice President. Mr. Walker serves as lead director of Briggs & Stratton Corporation, where he chairs the Compensation Committee and serves on the Finance Committee. Mr. Walker is also a member of the Board of Directors of Cooper Tire & Rubber Company and Universal Forest Products, where he serves as Chair of the Audit Committee. The Company is pleased to have access to Mr. Walker's executive experience and financial expertise in public company settings, along with his corporate board experience and keen understanding of challenges public companies face in West Michigan. He has been affirmatively identified as an independent director by the Board of Directors.

Basic Compensation

Name Fiscal Year Total

James Wallace

209,951

Steven Downing

3,427,450

Kevin Nash

990,236

Neil Boehm

958,010

Scott Ryan

926,745

Matthew Chiodo

955,233

Brad Bosma

--

Robert Vance

--

Leslie Brown

121,534

Gary Goode

148,701

James Hollars

117,451

John Mulder

117,451

Richard Schaum

133,701

Frederick Sotok

124,951

Kathleen Starkoff

40,838

Brian Walker

27,697
As Of  30 Dec 2018

Options Compensation