The Conflicts Committee has reviewed and discussed the Compensation Discussion and Analysis with management. Based on such review and discussions, the Conflicts Committee recommended to the Board that the Compensation Discussion and Analysis be included in this annual report.
THE CONFLICTS COMMITTEE
Edward Hall, Chairman
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION
None of the current members of the Conflicts Committee or the Compensation Committee is, or was at any time, an officer or employee of the Company or any of its subsidiaries. With the exception of Mr. Blackmore, our Chairman and Interim Chief Executive Officer, none of the Company’s executive officers serves or has served on the Board, Conflicts Committee or Compensation Committee of any entity that has one or more executive officers serving on our Board, Conflicts Committee or Compensation Committee during the most recently completed fiscal year.
Summary of Executive Compensation
Summary Compensation Table
The following table presents summary information concerning 2016 compensation awarded or paid to, or earned by: (i) each individual that served as the Company’s Chief Executive Officer during 2016; (ii) each individual that served as the Company’s Chief Financial Officer during 2016; and (iii) each of the other three most highly compensated executive officers for the year 2016 who were serving as executive officers as of December 31, 2016 (collectively, such persons were the “named executive officers” for the Company for 2016).