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Lake Shore Bancorp Inc (LSBK.OQ)

LSBK.OQ on NASDAQ Stock Exchange Global Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Gary Winger

71 2014 Independent Chairman of the Board

Daniel Reininga

56 2011 President, Chief Executive Officer, Director

Rachel Foley

46 2012 Chief Financial Officer, Treasurer

Jeffrey Werdein

48 2014 Executive Vice President- Commercial Division

Beverly Sutton

45 2014 Internal Auditor

John Mehltretter

2016 Director

Susan Ballard

51 2012 Independent Director

Tracy Bennett

64 2010 Independent Director

Sharon Brautigam

58 2004 Independent Director

Reginald Corsi

73 2008 Independent Director

David Mancuso

69 2014 Independent Director

Kevin Sanvidge

60 2012 Independent Director

Nancy Yocum

68 1995 Independent Director

Biographies

Name Description

Gary Winger

Mr. Gary W. Winger is Independent Chairman of the Board of Lake Shore Bancorp Inc. He has been the Chairman of the Board of Directors for Lake Shore, MHC, Lake Shore Bancorp and Lake Shore Savings since the 2013 Annual Meeting. Mr. Winger has been a principal of Compass Consulting, Inc. in Auburn and Jamestown, New York and Venice, Florida, a firm that provides consulting services in the area of higher education, since July 2002. From 1975 until June 2002, Mr. Winger was the Dean of Administration and Development and Chief Financial and Development Officer of Jamestown Community College in Jamestown, New York.

Daniel Reininga

Mr. Daniel P. Reininga is President, Chief Executive Officer, Director of Lake Shore Bancorp Inc. He previously served as the Executive Vice President and Chief Operating Officer of the Company, a position he held from January 1, 2010 through January 27, 2011. His current term as a director will expire at the 2017 annual meeting. He served as Vice Chairman of the board from 2003 until June 2010. Mr. Reininga served as President of G.H. Graf Realty Corporation, Inc. a real estate investment company located in Dunkirk, New York that is involved in real estate development and leasing, from 1993 through December 2009. Mr. Reininga currently serves as the Chairman of the Board of G.H. Graf Realty Corporation, Inc.

Rachel Foley

Ms. Rachel A. Foley is Chief Financial Officer, Treasurer of Lake Shore Bancorp Inc. She was appointed Chief Financial Officer of Lake Shore Savings in March 2006 after serving as the Controller since March 1999. Ms. Foley has a Bachelor of Science degree from Allegheny College and a Masters of Business Administration degree in Accounting from the State University of New York at Buffalo. Prior to joining Lake Shore Savings, Ms. Foley was a Financial Audit Supervisor in the Internal Audit department of M&T Bank.

Jeffrey Werdein

Jeffrey M. Werdein is Executive Vice President- Commercial Division of Lake Shore Bancorp, Inc. He was appointed Executive Vice President in August 2014 after serving as the Senior Vice President responsible for business development in the commercial real estate and small/middle business segments at Evans Bank since 1999. Mr. Werdein has over 25 years of commercial banking experience, including prior positions with Citibank and Chase Manhattan Bank. Mr. Werdein has a Bachelor of Science degree and a Masters of Business Administration degree with a focus in Business and Financial Institutions and Markets from the State University of New York at Buffalo.

Beverly Sutton

Ms. Beverly J. Sutton is an Internal Auditor of Lake Shore Savings Bank which is subsidiary of Lake Shore Bancorp Inc. She joined Lake Shore Savings Bank in 1993 and worked in various positions before being appointed to the position of Internal Auditor in 1997. Ms. Sutton is a graduate of the State University of New York College at Fredonia with a Bachelor of Science in Economics.

John Mehltretter

Mr. John L. Mehltretter serves as Director of the Company. Mr. Mehltretter is currently a principal with NEXTGEN Technology Advisors, LLC. Mr. Mehltretter was formerly the Global Vice President of Information Technology for New Era Cap Company, an international headwear and apparel company with operations in over 20 regional locations serving global markets, headquartered in Buffalo, New York. The Boards of Directors of Lake Shore, MHC (the Company’s majority stockholder) and Lake Shore Savings Bank also appointed Mr. Mehltretter to their respective boards.

Susan Ballard

Ms. Susan C. Ballard is an Independent Director of Lake Shore Bancorp, Inc., effective January 1, 2012. Ms. Ballard became the Chief Operating Officer of National Fire Adjustment Co., Inc., an insurance adjustment firm that provides loss adjustment services for damage resulting from fire, water damage, windstorm, explosion or other perils located in Amherst, New York in March 2015. She was previously the Sales Manager at Essex Homes of Western New York, Inc., a custom home builder located in Clarence, New York, a position she held since January 2013. She also held the position of Vice President of Patrick Custom Homes, a residential construction and real estate development company located in East Amherst, New York from 2005 until 2012.

Tracy Bennett

Mr. Tracy S. Bennett is an Independent Director of Lake Shore Bancorp Inc. Mr. Bennett was the Vice President for Administration at the State University of New York at Fredonia (SUNY Fredonia), a position he held from 1997 to November 2010. Mr. Bennett was also the President of the SUNY Fredonia Faculty-Student Association and he served on a number of campus committees. He owns a tax preparation business in Westfield, New York serving over 850 clients and is a certified public accountant in New York State.

Sharon Brautigam

Ms. Sharon E. Brautigam is an Independent Director of Lake Shore Bancorp Inc. She is a partner in the law firm of Brautigam & Brautigam, LLP in Fredonia, New York, where her practice is concentrated in real estate transactions, estates, trusts and elder law.

Reginald Corsi

Mr. Reginald S. Corsi is an Independent Director of Lake Shore Bancorp Inc. Mr. Corsi was the Executive Vice President and Chief Operations Officer of Lake Shore, MHC, Lake Shore Bancorp and Lake Shore Savings until his retirement in March 2008. Prior to joining Lake Shore Savings, Mr. Corsi was Vice President of M&T Bank.

David Mancuso

Mr. David C. Mancuso is Independent Director of Lake Shore Bancorp Inc. Mr. Mancuso was the former President and Chief Executive Officer of Lake Shore, MHC, Lake Shore Bancorp and Lake Shore Savings until his retirement in January 2011. He was employed in various positions at Lake Shore Savings since 1965. He became President and Chief Executive Officer of Lake Shore Savings in 1993. Mr. Mancuso was a member of the New York State Banking Board from 2001 until 2006.

Kevin Sanvidge

Mr. Kevin M. Sanvidge is an Independent Director of Lake Shore Bancorp, Inc., effective January 1, 2012. Mr. Sanvidge became the Chief Executive Officer and Administrative Director of the Chautauqua County Industrial Development Agency (“IDA”) in June 2014. He was previously the Executive Vice President of Administration and Supply Chain at Cliffstar Corporation in Dunkirk, New York, a private label juice and beverage manufacturer, a position he held from 2006 until 2012. Mr. Sanvidge began his tenure at Cliffstar Corporation in 1999 as Vice President of Human Resources, and was promoted to Senior Vice President of Human Resources and Administration in 2003.

Nancy Yocum

Ms. Nancy L. Yocum is an Independent Director of Lake Shore Bancorp Inc. Ms. Yocum has been the Vice Chairperson of the Board of Directors for Lake Shore, MHC, Lake Shore Bancorp and Lake Shore Savings since the 2013 Annual Meeting. Ms. Yocum is currently retired. She was formerly a practicing certified public accountant. From 1999 until November 2012, she was a partner in the firm of Brumfield & Associates in Fredonia, New York where her practice was concentrated in estates and trusts.