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Class A Shares
|
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Class B Shares(11)
|
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|
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Shares Beneficially Owned
|
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Shares Beneficially Owned
|
|
|
|||||||||||
|
Name
|
|
|
|
Number
|
|
|
|
%(12)
|
|
|
|
Number
|
|
|
|
%(12)
|
|
||||
|
Ira Sochet(1)
|
|
|
|
251,469
|
|
|
|
8.8
|
%
|
|
|
|
—
|
|
|
|
—
|
|
|||
|
LEG Partners Debenture SBIC, L.P.(2)
|
|
|
|
226,666
|
|
|
|
7.9
|
%
|
|
|
|
—
|
|
|
|
—
|
|
|||
|
GE Capital Equity Investments, Inc.(3)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
89,529
|
|
|
|
38.5
|
%
|
|
|||
|
CoBank, ACB(4)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
73,085
|
|
|
|
31.4
|
%
|
|
|||
|
Raymond James Bank, N.A.(5)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
25,565
|
|
|
|
11.0
|
%
|
|
|||
|
Union Bank, N.A.(6)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
19,122
|
|
|
|
8.2
|
%
|
|
|||
|
CIBC Inc.(7)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
13,298
|
|
|
|
5.7
|
%
|
|
|||
|
Webster Bank, National Association(8)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
12,181
|
|
|
|
5.2
|
%
|
|
|||
|
Norman C. Frost
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Howard J. Haug(9)
|
|
|
|
520
|
|
|
|
*
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Stephen P. McCall
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Andrew Meyers
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Brian A. Ross
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Gary L. Sugarman
|
|
|
|
200
|
|
|
|
*
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Michael D. Weaver
|
|
|
|
9,916
|
|
|
|
*
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Dennis K. Andrews
|
|
|
|
451
|
|
|
|
*
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Curtis L. Garner, Jr.(10)
|
|
|
|
2,796
|
|
|
|
*
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Robert J. Souza
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
Edwin D. Tisdale
|
|
|
|
54
|
|
|
|
*
|
|
|
|
—
|
|
|
|
—
|
|
||||
|
All directors and executive officers as a group (13 persons)
|
|
|
|
14,040
|
|
|
|
*
|
|
|
|
—
|
|
|
|
—
|
|
|
Name and Principal Position
|
|
|
Year
|
|
|
|
Salary
($) |
|
|
|
Non-Equity
Incentive Plan Compensation(2) ($) |
|
|
|
All Other
Compensation(3) ($) |
|
|
|
Total
($) |
|
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Michael D. Weaver(1)
Director, President and Chief Executive Officer |
|
|
2012
|
|
|
|
401,744
|
|
|
|
60,621
|
|
|
|
16,982
|
|
|
|
479,347
|
|
||||
|
2011
|
|
|
|
383,152
|
|
|
|
—
|
|
|
|
16,165
|
|
|
|
399,317
|
|
|||||||
|
2010
|
|
|
|
345,175
|
|
|
|
258,791
|
|
|
|
17,330
|
|
|
|
621,296
|
|
|||||||
|
Curtis L. Garner, Jr.
Chief Financial Officer and Secretary |
|
|
2012
|
|
|
|
236,063
|
|
|
|
27,691
|
|
|
|
16,248
|
|
|
|
280,002
|
|
||||
|
2011
|
|
|
|
230,359
|
|
|
|
—
|
|
|
|
16,355
|
|
|
|
246,714
|
|
|||||||
|
2010
|
|
|
|
205,953
|
|
|
|
113,615
|
|
|
|
16,625
|
|
|
|
336,193
|
|
|||||||
|
Robert J. Souza
Senior Vice President and General Manager – New England |
|
|
2012
|
|
|
|
206,003
|
|
|
|
98,892
|
(4)
|
|
|
|
19,747
|
|
|
|
324,642
|
|
|||
|
2011
|
|
|
|
199,992
|
|
|
|
—
|
|
|
|
21,799
|
|
|
|
221,791
|
|
|||||||
|
2010
|
|
|
|
171,928
|
|
|
|
68,534
|
|
|
|
14,285
|
|
|
|
254,747
|
|
|||||||
|
Dennis K. Andrews
Senior Vice President and General Manager – Alabama & Missouri |
|
|
2012
|
|
|
|
210,916
|
|
|
|
16,392
|
|
|
|
13,979
|
|
|
|
241,287
|
|
||||
|
2011
|
|
|
|
215,761
|
|
|
|
—
|
|
|
|
17,305
|
|
|
|
233,066
|
|
|||||||
|
2010
|
|
|
|
188,865
|
|
|
|
73,259
|
|
|
|
14,605
|
|
|
|
276,729
|
|
|||||||
|
Edwin D. Tisdale
Senior Vice President – New England Support Services |
|
|
2012
|
|
|
|
174,052
|
|
|
|
13,527
|
|
|
|
12,129
|
|
|
|
199,708
|
|
||||
|
2011
|
|
|
|
151,683
|
|
|
|
—
|
|
|
|
10,664
|
|
|
|
162,347
|
|
|||||||
|
2010
|
|
|
|
136,913
|
|
|
|
45,203
|
|
|
|
10,258
|
|
|
|
192,374
|
|
|
|
|
|
|
|
|
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards |
|
|
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Name
|
|
|
|
Grant Date
|
|
|
|
Threshold ($)
|
|
|
|
Target ($)
|
|
|
|
Maximum ($)
|
|
||||
|
Michael D. Weaver
|
|
|
|
3/7/2012
|
(1)
|
|
|
|
0
|
|
|
|
289,500
|
|
|
|
309,765
|
|
|||
|
|
3/7/2012
|
(2)
|
|
|
|
0
|
|
|
|
130,862
|
|
|
|
|
(3)
|
|
|||||
|
Curtis L. Garner, Jr.
|
|
|
|
3/7/2012
|
(1)
|
|
|
|
0
|
|
|
|
132,240
|
|
|
|
141,497
|
|
|||
|
|
3/7/2012
|
(2)
|
|
|
|
0
|
|
|
|
58,161
|
|
|
|
|
(3)
|
|
|||||
|
Robert J. Souza
|
|
|
|
3/7/2012
|
(1)
|
|
|
|
0
|
|
|
|
78,280
|
|
|
|
83,760
|
|
|||
|
|
3/7/2012
|
(2)
|
|
|
|
0
|
|
|
|
32,715
|
|
|
|
|
(3)
|
|
|||||
|
Dennis K. Andrews
|
|
|
|
3/7/2012
|
(1)
|
|
|
|
0
|
|
|
|
78,280
|
|
|
|
83,760
|
|
|||
|
|
3/7/2012
|
(2)
|
|
|
|
0
|
|
|
|
32,715
|
|
|
|
|
(3)
|
|
|||||
|
Edwin D. Tisdale
|
|
|
|
3/7/2012
|
(1)
|
|
|
|
0
|
|
|
|
64,600
|
|
|
|
69,122
|
|
|||
|
|
3/7/2012
|
(2)
|
|
|
|
0
|
|
|
|
25,445
|
|
|
|
|
(3)
|
|
|
|
|
|
|
|
Type of Termination of Employment(1)
|
|
|
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Name (Position)
|
|
|
Type of
Termination Payment |
|
|
|
Involuntary
Termination Without Cause(2) |
|
|
|
Death or
Disability |
|
|
|
Termination
Upon a Change of Control |
|
|||
|
Michael D. Weaver
(Director, President and Chief Executive Officer) |
|
|
Annual Bonus
|
|
|
$
|
60,621
|
|
|
$
|
60,621
|
|
|
$
|
60,621
|
|
|||
|
Cash Severance
|
|
|
|
772,000
|
|
|
|
772,000
|
|
|
|
772,000
|
|
||||||
|
|
|
$
|
832,621
|
|
|
$
|
832,621
|
|
|
$
|
832,621
|
|
|||||||
|
Curtis L. Garner, Jr.
(Chief Financial Officer and Secretary) |
|
|
Annual Bonus
|
|
|
$
|
27,691
|
|
|
$
|
27,691
|
|
|
$
|
27,691
|
|
|||
|
Cash Severance
|
|
|
|
232,000
|
|
|
|
232,000
|
|
|
|
232,000
|
|
||||||
|
|
|
$
|
259,691
|
|
|
$
|
259,691
|
|
|
$
|
259,691
|
|
|||||||
|
Robert J. Souza
(Senior Vice President and General Manager – New England) |
|
|
Annual Bonus
|
|
|
$
|
16,392
|
|
|
$
|
—
|
|
|
$
|
16,392
|
|
|||
|
Cash Severance
|
|
|
|
103,000
|
|
|
|
—
|
|
|
|
103,000
|
|
||||||
|
|
|
$
|
119,392
|
|
|
$
|
—
|
|
|
$
|
119,392
|
|
|||||||
|
Dennis K. Andrews
(Senior Vice President & General Manager Alabama & Missouri) |
|
|
Annual Bonus
|
|
|
$
|
16,392
|
|
|
$
|
—
|
|
|
$
|
16,392
|
|
|||
|
Cash Severance
|
|
|
|
103,000
|
|
|
|
—
|
|
|
|
103,000
|
|
||||||
|
|
|
$
|
119,392
|
|
|
$
|
—
|
|
|
$
|
119,392
|
|
|||||||
|
Edwin D. Tisdale
(Senior Vice President – New England Support Services) |
|
|
Annual Bonus
|
|
|
$
|
13,527
|
|
|
$
|
—
|
|
|
$
|
13,527
|
|
|||
|
Cash Severance
|
|
|
|
85,000
|
|
|
|
—
|
|
|
|
85,000
|
|
||||||
|
|
|
$
|
98,527
|
|
|
$
|
—
|
|
|
$
|
98,527
|
|
|
Name
|
|
|
|
Fees Earned
or Paid in Cash ($) |
|
|
|
Total
($) |
|
||
---|---|---|---|---|---|---|---|---|---|---|---|---|
|
William Bak(1)
|
|
|
|
72,500
|
|
|
|
72,500
|
|
||
|
Robert E. Guth(1)
|
|
|
|
67,000
|
|
|
|
67,000
|
|
||
|
Howard J. Haug
|
|
|
|
80,000
|
|
|
|
80,000
|
|
||
|
Stephen P. McCall
|
|
|
|
72,000
|
|
|
|
72,000
|
|
||
|
Andrew Meyers
|
|
|
|
72,000
|
|
|
|
72,000
|
|
||
|
William F. Reddersen(1)
|
|
|
|
73,500
|
|
|
|
73,500
|
|
|
Name
|
|
|
Age
|
|
|
Position
|
|
---|---|---|---|---|---|---|---|---|
|
Stephen P. McCall
|
|
|
43
|
|
|
Chairman
|
|
|
Michael D. Weaver
|
|
|
60
|
|
|
President, Chief Executive Officer and Director
|
|
|
Norman C. Frost
|
|
|
58
|
|
|
Director
|
|
|
Howard J. Haug
|
|
|
62
|
|
|
Director
|
|
|
Andrew Meyers
|
|
|
44
|
|
|
Director
|
|
|
Brian A. Ross
|
|
|
55
|
|
|
Director
|
|
|
Gary L. Sugarman
|
|
|
60
|
|
|
Director
|
|
|
|
|
|
2011
|
|
|
|
2012
|
|
|||
---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Audit Fees
|
|
|
$
|
334,378
|
|
|
$
|
377,761
|
|
||
|
Audit-Related Fees
|
|
|
|
—
|
|
|
|
—
|
|
||
|
Tax Fees
|
|
|
|
—
|
|
|
|
—
|
|
||
|
All Other Fees
|
|
|
|
—
|
|
|
|
—
|
|
||
|
Total Fees
|
|
|
$
|
334,378
|
|
|
$
|
377,761
|
|
|
|
|
|
Shareowner Services
P.O. Box 64945 St. Paul, MN 55164-0945 |
|
|
1.
|
|
|
Election of directors:
|
|
|
FOR
|
|
|
WITHHELD
|
|
|
|
|
FOR
|
|
|
WITHHELD
|
|
|
|
|
|
Norman C. Frost
|
|
|
☐
|
|
|
☐
|
|
|
Howard J. Haug
|
|
|
☐
|
|
|
☐
|
|
|
|
|
|
Stephen P. McCall
|
|
|
☐
|
|
|
☐
|
|
|
Andrew Meyers
|
|
|
☐
|
|
|
☐
|
|
|
|
|
|
Brian A. Ross
|
|
|
☐
|
|
|
☐
|
|
|
Gary L. Sugarman
|
|
|
☐
|
|
|
☐
|
|
|
|
|
|
Michael D. Weaver
|
|
|
☐
|
|
|
☐
|
|
|
2.
|
|
|
Ratification of the appointment of BDO USA, LLP as the Company’s
Independent Registered Public Accounting Firm: |
|
|
☐ For
|
|
|
☐ Against
|
|
|
☐ Abstain
|
|
|
3.
|
|
|
Approval of the Otelco Inc. 2013 Stock Incentive Plan:
|
|
|
☐ For
|
|
|
☐ Against
|
|
|
☐ Abstain
|
|
|
4.
|
|
|
Approval, on an advisory basis, of the compensation of Otelco’s
named executives: |
|
|
☐ For
|
|
|
☐ Against
|
|
|
☐ Abstain
|
|
|
|
|
In their discretion, the proxies are authorized to vote upon such other business as may properly come before the Annual Meeting
of Stockholders.
|
|
||||||||||
|
|
|
THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED AS DIRECTED OR, IF NO DIRECTION IS GIVEN, WILL BE VOTED AS THE BOARD RECOMMENDS.
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OTELCO INC.
505 Third Avenue East Oneonta, Alabama 35121 |
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