At its March 11 meeting, the board of directors of Thor Industries Inc. appointed CPA J. Allen Kosowsky to serve as a director, according to a news release.
Kosowsky, 62, is a certified public accountant and has served as principal of the accounting firm of J. Allen Kosowsky, CPA, P.C. since 1985. In addition, he has served as chairman of the board of directors and chairman of the Audit Committee of ON2 Technologies Inc. from 2003 until its sale to Google Inc. on Feb. 19 of this year, when Kosowsky resigned as a director.
“Mr. Kosowsky’s experience as a financial expert as well as chairman of the board of a public company will complement and enhance our board,” commented Peter Orthwein, Thor’ chairman and CEO.
In its 8-K filing with the Securities and Exchange Commission, Thor stated that “Kosowsky will be entitled to receive a pro rata amount of the annual director compensation payable to the company’s directors based upon his time served on the board. The company’s current annual director compensation is a cash payment of $170,000, which is payable quarterly.