Michael W. Pugh (59)
Mr. Pugh has been President of Old Dominion Realty, Inc. for 36 years.
was issued a Virginia Certified General Appraisal license in 1992, a Virginia real estate broker's license in 1976 and a West Virginia real estate broker's license in 1982.
has completed numerous classes and certifications related to the real estate field.
He has served as a director in the following entities during the past 5 years.
Bridgewater Health Care Inc., Bridgewater Retirement Community, Bridgewater Home, Inc., Harrisonburg-Rockingham Chamber of Commerce, Harrisonburg-Rockingham Association of Realtors, Bankers Title Shenandoah, VBS Mortgage, Old Dominion Realty, Inc.
and Colonial Appraisal Service, Inc.
skills and experience relating to real estate sales, development and appraisals benefit the Company in evaluating real estate investments and collateral values for real estate loans.
The Board of Directors in its business judgment has determined that the following eight of its ten members are independent as defined by the listing standards of the Nasdaq Stock Market ("Nasdaq"): Thomas L. Cline, John N. Crist, Ellen R. Fitzwater, Daniel J. Harshman, Richard S. Myers, Michael W. Pugh
, Christopher S. Runion and Ronald E. Wampler.
While we conduct business with several of our directors, including John Crist (legal services), Michael Pugh
(real estate appraisal services and sales), Christopher Runion (signage) and Richard Myers (automobile purchases and servicing), the total amounts paid to the entities with which our directors are affiliated are significantly less than the thresholds outlined above.