Financial Disclosures (Continued)

For 2022, the top 10 highest paid positions earned the following:

Eric Deakin, CEO, base salary $378,955, bonus $134,000; Thomas Hindermann, Pollock Vessel Chief Engineer, base salary $404,177; Michael Coleman, Bering Sea Operations Manager, base salary $312,842, bonus $60,000; John Reines, Pollock Vessel Chief Engineer, base salary $364,801; Michelle Drew, CFO, base salary $301,454, bonus $50,000; James Egaas, Pollock Vessel Captain, base salary $295,991; Nicholas Souza, Director of Sales & Marketing, base salary $244,521, bonus $30,000; Terje Gjerde, Pollock Vessel Factory Manager, base salary $252,030; Owen Kvinge, Crab Vessel Captain, base salary $241,524; Chuck Velasco, Longline Vessel Captain, base salary $239,081

Board Compensation Policy And Fees

CVRF Board members receive a daily stipend during meetings and an additional monthly stipend for the CVRF-related work that occurs between CVRF meetings.

CVRF’s Board compensation policy was adopted in June 2004 after consultation with independent experts. The policy stipulates that any changes must be approved by an independent body. The policy was last updated in January 2011 and approved by the independent authorized body comprised of an independent member of each community. The CVRF Board compensation policy is in full compliance with IRS Rebuttable Presumption of Reasonableness guidelines.

During 2022, CVRF paid its Board members $603,930 in salaries, stipends, and benefits.

Related Party Transactions

None of CVRF’s employees or Board members have a financial relationship with any partners who lease or harvest CVRF’s quotas. Related party transactions with Board members include employee payroll:

Father-in-law: M/W Manager ($147,214)

Daughter: CSR ($26,400)

Spouse: Winter Watchman ($12,000)

Daughter: Community Benefits Accountant ($62,742)

Legal Proceedings Involving Directors

CVRF was not engaged in any litigation with any of its directors during 2022.

Professional Fees

In 2022, CVRF paid the following fees for professional services: (1) $537,847 in legal fees; (2) $1,172,326 in consulting fees; (3) $197,350 in accounting fees; and (4) $301,812 in lobbying fees.