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Adcare Health Systems Inc (ADK.A)

ADK.A on American Stock Exchange

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26 Sep 2017
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Summary

Name Age Since Current Position

Allan Rimland

54 2017 President, Chief Executive Officer, Chief Financial Officer, Director

E. Clinton Cain

35 2016 Senior Vice President, Chief Accounting Officer, Controller

Krishna Polu

41 2015 Chief Medical Officer

Michael Fox

38 2015 Lead Independent Director

David Tenwick

77 2015 Director

John Clare

40 2014 Independent Director

Thomas Knaup

2015 Independent Director

Brian Szames

2017 Independent Director

Brett Maas

IR Contact Officer

Biographies

Name Description

Allan Rimland

Mr. Allan J. Rimland has been appointed as President, Chief Executive Officer, Chief Financial Officer, Director of the Company, effective April 17, 2017. He was Chief Accounting Officer of AdCare Health Systems, Inc. He has been Principal Accounting Officer effective May 1, 2015. He is a seasoned financial executive with over 25 years of experience in investment banking and expertise within the healthcare services and related real estate industry, joined AdCare as President and Chief Financial Officer. He has over 20 years of healthcare services investment banking experience, including positions with leading bulge bracket and mid-sized investment banks. During his tenure, Rimland managed more than $100 billion in M&A and capital raising transactions. Rimland joined AdCare from Stephens Inc. where he served as Managing Director in the Healthcare Group, focusing on healthcare services companies from 2011 to until 2015.

E. Clinton Cain

Mr. E. Clinton Cain is Senior Vice President, Chief Accounting Officer, Controller of the Company. Mr. Cain has served as Vice President of Finance at the Company since September 2014, before which time he worked as a Senior Financial Analyst at the Company beginning in June 2011. Prior to joining the Company, Mr. Cain worked as an audit associate at Habif, Arogeti & Wynne, LLP, in Atlanta, Georgia, and Huber, Erickson, and Bowman, LLC, in Salt Lake City, Utah, both certified public accounting firms. Mr. Cain is a Certified Public Accountant and has a Master of Accounting from the University of Utah and a B.S. in Accounting from Brigham Young University.

Krishna Polu

Mr. Krishna R. Polu is Chief Medical Officer of the Company. Dr. Polu most recently served as Chief Medical Officer at CytomX Therapeutics, a privately-held biotechnology company focused on the development of Probody™ therapeutics, a novel monoclonal antibody platform for the treatment of cancer. Prior to that, he served as Vice President of Clinical Development at Affymax, where he led multiple functions, including clinical sciences, clinical operations and drug safety/pharmacovigilance and was integral to the development and regulatory approval of the company’s first drug, OMONTYS®, a pegylated peptide for the treatment of anemia due to chronic kidney disease. Prior to Affymax, he served as Executive Director of Global Development at Amgen and led late-stage clinical research programs across a wide range of therapeutic areas including nephrology, diabetes and heart failure and executed on several large cardiovascular outcomes trials as well as led the global clinical activities to support commercialization for EPOGEN® and Aranesp®. Dr. Polu received his B.A. from Stanford University and his M.D. from the University of Texas, San Antonio. In addition, he completed an internal medicine internship and residency at the University of Colorado as well as clinical and research fellowships in nephrology and transplant at Harvard Medical School in a joint program with Brigham and Women’s Hospital and Massachusetts General Hospital.

Michael Fox

Mr. Michael J. Fox is an Lead Independent Director of the Company. He was Director of AdCare Health Systems, Inc. Mr. Fox brings more than a decade of investment and equity analysis expertise to the Board. He founded Park City Capital, which manages private investment funds exclusively for qualified individuals, family offices and institutional investors, in 2008 and Mr. Fox has managed the firm's investments since. Prior to that, Mr. Fox spent eight years in equity research at J.P.Morgan in New York where he served as Vice President and Senior Business Services Analyst and headed the firm's Business Services equity research group from 2005 to 2008. From 2000 to 2005, Mr. Fox was a member of J.P.Morgan's Leisure equity research group, which was consistently recognized by Institutional Investor's All America Research Team. Mr. Fox received a BBA in Finance from Texas Christian University.

David Tenwick

Mr. David A. Tenwick is Director of the Company. He is our founder and has served as a director since our organization was founded in August 1991. Mr. Tenwick also served as Chairman of the Board since our founding and through March 2015. Prior to our founding, Mr. Tenwick was an independent business consultant from 1982 to 1990. In this capacity, he has served as a director and an officer of several businesses, including Douglass Financial Corporation, a surety company, and AmeriCare Health & Retirement, Inc., a long-term care management company. From 1967 until 1982, Mr. Tenwick was a director and an officer of Nucorp Energy, Inc., a company which he co-founded. Nucorp Energy was a public company that invested in oil and gas properties and commercial and residential real estate. Prior to founding Nucorp Energy, Mr. Tenwick was an enforcement attorney for the SEC. Mr. Tenwick is a member of the Ohio State Bar Association and was a founding member of the Ohio Assisted Living Association, an association that promotes high quality assisted living throughout the State of Ohio. Mr. Tenwick earned his Bachelor of Business Administration and Juris Doctor (J.D.) degrees from the University of Cincinnati in 1960 and 1962, respectively. .

John Clare

Mr. Brent S. Morrison is an Independent Director of the Company. Mr. Morrison is currently the Managing Director of Zuma Capital Management LLC, a position he has held since 2012. Prior thereto, Mr. Morrison was the Senior Research Analyst at the Strome Group, a private investment firm, from 2009 to 2012, a Research Analyst at Clocktower Capital, LLC, a global long/short equity hedge fund based in Beverly Hills, California, from 2007 to 2009 and a Vice President of Wilshire Associates, a financial consulting firm, from 1999 to 2007.

Thomas Knaup

Mr. Thomas W. Knaup is Independent Director of AdCare Health Systems, Inc. Mr. Knaup will bring to AdCare consulting expertise with a broad spectrum of clients ranging from small-cap to Fortune 50 companies. Mr. Knaup was employed for approximately 12 years with Aon, California (a division of Aon Corporation), a global professional services firm specializing in risk management, insurance and reinsurance brokerage, where he held positions of increasing responsibility, including Senior Vice President. Previously, he served in a variety of executive roles with senior management responsibilities at Alexander & Alexander, Emmett & Chandler, Near North and Warren McVeigh Griffin . In addition, Mr. Knaup has a wealth of mergers and acquisitions and financial experience. He holds a Bachelor of Science in Geology and a Master of Business Administration with a concentration in Finance and Accounting, both from the University of California, Los Angeles.

Brian Szames

Mr. Brian M. Szames is Independent Director of the company. He has been an officer and treasurer of three separate public companies, including 17 years with Macy's, Inc. (formerly known as Federated Department Stores, Inc.), one of the nation's premier retailers, serving as Group Vice President and Treasurer until his retirement in 2016. In that capacity, he managed multi-billion dollar debt and investment portfolios, and was responsible for the company's corporate finance activities, capital structure and business plan development, pension and savings plans, financial risk management, and cash management. Mr. Szames currently serves on the Board of Directors of a diversified value-add real estate fund and prior to Macy's, his previous roles included serving as Vice President & Treasurer at Fingerhut Companies, Inc. (acquired by Federated in 1999), Vice President & Treasurer at Footstar, Inc. (spin-off from Melville) from 1996 to 1998, and Assistant Treasurer at Melville Corporation (now known as CVS) from 1992 to 1996. In 2009, he was recognized as one of the 100 Most Influential People in Finance by Treasury & Risk Management , a publication for finance, treasury and risk management professionals. Mr. Szames received a Bachelor of Science in finance from Ohio State University and an MBA from Temple University.

Brett Maas