Edition:
India

People: Applied Industrial Technologies Inc (AIT.N)

AIT.N on New York Stock Exchange

54.74USD
20 Sep 2019
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Hoffner, Warren 

Mr. Warren E. Hoffner is the Vice President, General Manager - Fluid Power, an executive officer of the Company. Mr. Hoffner joined Applied in 1996 when we acquired a distribution business owned by him and his father. Two related party lease arrangements have survived from the acquisition and been renewed from time to time: (1) we lease a building from a company owned 50% by Mr. Hoffner’s father (who retired at the time of the acquisition) at a current rental rate of $154,176 per year, with a term expiring in 2019; and (2) we lease a second building from Mr. Hoffner’s father at a current rental rate of $127,879 per year, with a term expiring in 2019. Applied management, using a third-party broker, negotiates the rental rates and other lease terms and we consider them to be market competitive. Following a review, the Corporate Governance Committee ratified the lease transactions.

Basic Compensation

Total Annual Compensation, --
Restricted Stock Award, --
Long-Term Incentive Plans, --
All Other, --
Fiscal Year Total, --

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Peter Wallace

243,878

Neil Schrimsher

4,641,310

David Wells

1,392,920

Kurt Loring

992,776

Fred Bauer

1,144,110

Warren Hoffner

--
As Of  30 Jun 2018