A meeting of the Compensation Committee of the Board of Trustees convened at 10:36 a.m. on Friday, December 3, 2021, in Room 326 of Stewart Center on the campus of Purdue University in West Lafayette, Indiana. Everyone in the room was wearing a mask amid the ongoing COVID-19 pandemic.

All committee members present: Malcolm DeKryger, chair; Michael Klipsch; Gary Lehman; and Don Thompson. All other trustees were present: Sonny Beck; Michael Berghoff; JoAnn Brouillette; Theresa Carter; Vanessa Castagna; and Mark Gee.

Officers and administrators in attendance were: Mitch Daniels, president; Jay Akridge, provost and executive vice president for academic affairs and diversity; Chris Ruhl, chief financial officer and treasurer; Jim Almond, senior vice president, assistant treasurer, and assistant secretary; Steve Schultz, general counsel; Janice Indrutz, corporate secretary and senior executive assistant to the Board; Ron Elsenbaumer, chancellor, Purdue Fort Wayne; and Tom Keon, chancellor, Purdue Northwest.

I. APPROVAL OF MINUTES

Upon proper motion made and duly seconded, the Compensation Committee voted unanimously to approve the minutes of its last meeting convened on October 1, 2021, and an executive session convened on November 11, 2021.

II. TABLED: ADOPTION OF PRESIDENTIAL PERFORMANCE METRICS FOR 2021-2022

Trustee DeKryger shared with the Board that the Committee was not yet finished with preparing President Daniels’ proposed performance metrics for 2021-2022, though, he said, they would be structured much the same as previous years, with a focus on student success, student affordability, fundraising, and operations. He explained that the Committee was still working on final numbers. Therefore, the Committee would not vote on this item today, and this item was subsequently removed from the Stated Meeting’s consent agenda.

III. ADJOURNMENT

By consent, the meeting adjourned at 10:38 a.m.