Edition:
India

People: Applied Industrial Technologies Inc (AIT.N)

AIT.N on New York Stock Exchange

61.05USD
30 Oct 2020
Change (% chg)

$-0.43 (-0.70%)
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$61.48
Open
$61.01
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Day's Low
$60.39
Volume
77,196
Avg. Vol
69,075
52-wk High
$70.61
52-wk Low
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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, USD 530,295
Restricted Stock Award, USD 252,669
Long-Term Incentive Plans, USD --
All Other, USD 129,928
Fiscal Year Total, USD 912,892

Options Compensation

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

Peter Wallace

280,026

Neil Schrimsher

4,493,380

David Wells

1,148,660

Kurt Loring

926,618

Fred Bauer

1,225,320

Warren Hoffner

912,892
As Of  30 Jun 2019