Corporate Governance- Board of Directors
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J. Clifford Hudson
Chairman of the Board, President and Chief Executive Officer, Sonic Corp. -
Clifford Hudson has spent the last 29 years of his career at Sonic Corp., an Oklahoma City-based, publicly-held company that owns, operates and franchises SONIC Drive-In restaurants (NASDAQ: SONC). Today, he is chairman of the board and chief executive officer of this public company with 3,500 franchised and company-operated drive-in restaurants.
Hudson was named chairman of Sonic Corp in January 2000, and has been chief executive officer (CEO) of Sonic Corp. since April 1995. Prior to that time, he served the company in a variety of capacities, including general counsel, chief financial officer and chief operating officer.
During Hudson’s tenure as CEO of SONIC, system-wide sales have grown from $880 million to $3.8 billion. The company’s enterprise value (the public value of its common stock plus debt) has grown from approximately $200 million to more than $1.0 billion.
In his position, Hudson has earned achievements such as the 2004 Silver Plate – Foodservice Operator of the Year Award from International Foodservice Manufacturers Association and 2000 Multi-Unit Foodservice Operators (MUFSO) Golden Chain Award from Nation’s Restaurant News. Most recently, SONIC has also received national recognition from publications such as Forbes, Entrepreneur, QSR and Restaurants & Institutions. He has been a guest on various national business programs including CNBC’s Mad Money, Squawkbox and Power Lunch, as well as various Bloomberg news programs.
Hudson has been affiliated with many nonprofit and community activities. He served as chairman of the board of directors of the Securities Investor Protection Corporation (SIPC), a presidential appointment, from 1994-2001. He served as chairman of the Oklahoma City School Board from 2001-2008, a position created in 2000 as part of a $530 million turnaround of a 40,000 student, inner-city Oklahoma City Public School system. In recognition of this public service, Hudson received an honorary doctorate in humane letters from Oklahoma City University. He currently serves as trustee of the Ford Foundation (New York) and is the immediate past chairman of the board of the National Trust for Historic Preservation. He also serves as the vice chairman of the Foundation for Oklahoma City Public Schools.
Through his education work, Hudson has been involved with art and music programs, including leading a SONIC-sponsored music group, The SONIC Tones. In addition to performing with the Oklahoma City symphony in 2003, The SONIC Tones performed at the Rock and Roll Hall of Fame in Cleveland, Ohio through the Fortune magazine-sponsored “Battle of Corporate Bands”.
Hudson graduated from the University of Oklahoma, which he attended with Phi Beta Kappa and President’s Leadership scholarships. In 1998, Hudson was honored as a distinguished alumnus of the University of Oklahoma College of Arts and Sciences, where he serves as a member of the College of Arts and Sciences Board of Visitors. In 2001, he received the University’s Regents Award from its board of regents, and in 2011 received an honorary doctoral degree in humane letters from the university.
Hudson graduated from the Georgetown University Law Center, where he was a member of the legal honor society, Phi Delta Phi. In 1979, he served as an editor of the International Law Journal, a publication of the Association of Student International Law Societies. He also serves as chairman of the board of visitors of Georgetown University Law Center and in 2006 was given the Paul Dean Award for service to the school.
He and his wife, Leslie, an epidemiologist, have two sons and live in Oklahoma City.
Holdings: 50,439 shares
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Date Type Shares Traded Price Range Apr 9, 2013 Sell 51,698 12.39 Apr 9, 2013 Disposition (Non Open Market) 676 n/a Apr 9, 2013 Acquisition (Non Open Market) 676 n/a Apr 9, 2013 Option Execute 52,374 12.09 Apr 8, 2013 Sell 1,397 12.60 Apr 8, 2013 Option Execute 1,397 12.09 Apr 4, 2013 Sell 22,516 12.60 Apr 4, 2013 Option Execute 22,516 12.09 Jan 14, 2013 Disposition (Non Open Market) 4,257 10.95 Jan 14, 2013 Option Execute 11,881 n/a Jul 6, 2012 Sell 30,569 10.34 Jul 5, 2012 Sell 29,041 10.33 Jul 3, 2012 Sell 29,041 10.33 Jul 3, 2012 Disposition (Non Open Market) 2,500 n/a Jul 2, 2012 Sell 28,986 10.35 Jun 20, 2012 Disposition (Non Open Market) 4,800 n/a Jun 15, 2012 Disposition (Non Open Market) 38,000 n/a Apr 4, 2012 Disposition (Non Open Market) 25,000 n/a Jan 14, 2012 Disposition (Non Open Market) 4,294 6.71 Jan 14, 2012 Option Execute 11,880 n/a Oct 25, 2011 Acquisition (Non Open Market) 122,393 6.89 Mar 18, 2011 Disposition (Non Open Market) 83,181 8.86 Mar 18, 2011 Option Execute 94,845 7.36 Jan 14, 2011 Disposition (Non Open Market) 4,294 10.57 Jan 14, 2011 Option Execute 11,880 n/a Dec 7, 2010 Disposition (Non Open Market) 6,900 n/a Nov 11, 2010 Disposition (Non Open Market) 1,608 n/a Oct 20, 2010 Disposition (Non Open Market) 2,760 n/a Sep 13, 2010 Disposition (Non Open Market) 17,448 n/a Apr 20, 2010 Sell 66,700 12.25 Apr 20, 2010 Option Execute 108,489 5.71 Aug 5, 2009 Disposition (Non Open Market) 60,000 n/a Apr 28, 2009 Disposition (Non Open Market) 41,000 n/a Mar 26, 2009 Disposition (Non Open Market) 5,200 n/a Mar 3, 2009 Disposition (Non Open Market) 66,397 8.03 Mar 3, 2009 Option Execute 93,050 5.73 Dec 18, 2008 Disposition (Non Open Market) 11,000 n/a Mar 7, 2008 Disposition (Non Open Market) 24,272 20.10 Mar 7, 2008 Option Execute 114,797 4.25 Feb 29, 2008 Disposition (Non Open Market) 500 21.33 Oct 26, 2007 Sell 183,636 25.00 Oct 25, 2007 Sell 93,700 25.00 Oct 24, 2007 Sell 1,500 25.00 Oct 17, 2007 Disposition (Non Open Market) 30,000 n/a Jan 5, 2007 Disposition (Non Open Market) 61,543 22.29 Jan 5, 2007 Option Execute 174,034 2.37 Dec 28, 2006 Disposition (Non Open Market) 4,200 24.34 Oct 2, 2006 Disposition (Non Open Market) 11,500 22.65 Jul 6, 2006 Disposition (Non Open Market) 400 20.84 Jan 6, 2006 Disposition (Non Open Market) 22,796 28.40 -
Douglas N. Benham
President and Chief Executive Officer of DNB Advisors, LLC
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Kate S. Lavelle
Former Executive Vice President and Chief Financial Officer of Dunkin' Brands, Inc.
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Michael J. Maples
Former Executive Vice President and Member of the Office of the President
Microsoft Corporation -
Holdings: 23,846 shares
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Date Type Shares Traded Price Range Jan 18, 2013 Option Execute 2,083 n/a Jan 14, 2013 Option Execute 1,644 n/a Jan 6, 2013 Option Execute 1,266 n/a Jan 15, 2012 Option Execute 1,378 n/a Jan 14, 2012 Option Execute 1,643 n/a Jan 6, 2012 Option Execute 1,266 n/a Jan 18, 2011 Option Execute 1,378 n/a Jan 14, 2011 Option Execute 1,643 n/a Jan 15, 2010 Option Execute 1,378 n/a Nov 15, 2005 Buy 4,000 28.52 -
J. Larry Nichols
Executive Chairman of the Board
Devon Energy Corporation -
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Federico F. Peña
Senior Advisor
Vestar Capital Partners -
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H.E. Rainbolt
Chairman
BancFirst -
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Frank E. Richardson
Chairman
F.E. Richardson & Co., Inc. -
Holdings: 1,876,188 shares
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Date Type Shares Traded Price Range Jan 23, 2013 Sell 10,125 11.49 Jan 23, 2013 Option Execute 10,125 9.87 Jan 18, 2013 Option Execute 2,083 n/a Jan 14, 2013 Option Execute 1,644 n/a Jan 6, 2013 Option Execute 1,266 n/a Jan 15, 2012 Option Execute 1,378 n/a Jan 14, 2012 Option Execute 1,643 n/a Jan 6, 2012 Option Execute 1,266 n/a Dec 23, 2011 Sell 1,000 6.75 Jan 18, 2011 Option Execute 1,378 n/a Jan 14, 2011 Option Execute 1,643 n/a Jan 13, 2011 Option Execute 10,125 7.13 Jan 15, 2010 Option Execute 1,378 n/a Jan 11, 2010 Option Execute 10,125 6.27 Jan 14, 2009 Sell 29,920 9.98 Jan 14, 2009 Option Execute 60,750 4.87 Apr 7, 2008 Sell 175,000 22.06 - 22.31 Oct 30, 2007 Disposition (Non Open Market) 4,500 24.42 Nov 1, 2005 Sell 50,000 28.56 - 28.76 -
Robert M. Rosenberg
Retired President and Chief Executive Officer
Allied-Domecq Retailing U.S.A. -
Holdings: 128,209 shares
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Date Type Shares Traded Price Range Jan 23, 2013 Sell 10,125 11.48 Jan 23, 2013 Option Execute 10,125 9.87 Jan 18, 2013 Option Execute 2,083 n/a Jan 6, 2013 Option Execute 1,266 n/a Jan 15, 2012 Option Execute 1,378 n/a Jan 14, 2012 Option Execute 1,643 n/a Jan 6, 2012 Option Execute 1,266 n/a Jan 18, 2011 Option Execute 1,378 n/a Jan 14, 2011 Option Execute 1,643 n/a Jan 15, 2010 Option Execute 1,378 n/a Dec 18, 2008 Sell 27,555 12.04 May 4, 2007 Disposition (Non Open Market) 2,500 23.04 Mar 13, 2007 Disposition (Non Open Market) 10,695 20.88 Mar 13, 2007 Option Execute 38,250 4.87 - 7.13 Dec 18, 2006 Disposition (Non Open Market) 2,250 23.81 Dec 28, 2005 Disposition (Non Open Market) 1,500 29.75 Sep 29, 2005 Disposition (Non Open Market) 3,980 27.55 Sep 29, 2005 Option Execute 15,000 7.31 Aug 25, 2005 Sell 645 31.06 -
Jeffrey H. Schutz
Managing Director
Centennial Ventures -
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Kathryn L Taylor
Attorney, McAfee & Taft
Former Mayor, City of Tulsa, Oklahoma
Former Chief of Education Strategy and Innovation, State of Oklahoma -