People: Agree Realty Corp (ADC)
ADC on New York Consolidated
33.47USD
24 May 2013
33.47USD
24 May 2013
Price Change (% chg)
$0.28 (+0.84%)
$0.28 (+0.84%)
Prev Close
$33.19
$33.19
Open
$33.00
$33.00
Day's High
$33.70
$33.70
Day's Low
$32.91
$32.91
Volume
59,306
59,306
Avg. Vol
81,375
81,375
52-wk High
$34.25
$34.25
52-wk Low
$20.61
$20.61
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Richard Agree |
69 | 2013 | Executive Chairman of the Board |
Joey Agree |
34 | 2013 | President, Chief Executive Officer, Director |
Alan Maximiuk |
54 | 2010 | Chief Financial Officer, Vice President, Secretary |
Laith Hermiz |
42 | 2010 | Executive Vice President |
John Rakolta |
65 | 2011 | Director |
Farris Kalil |
74 | 1993 | Independent Director |
Michael Rotchford |
54 | 1993 | Independent Director |
William Rubenfaer |
68 | 2007 | Independent Director |
Leon Schurgin |
71 | 2004 | Independent Director |
Gene Silverman |
79 | 1994 | Independent Director |
Biographies
| Name | Description |
|---|---|
Richard Agree |
Mr. Richard Agree is an Executive Chairman of the Board of Agree Realty Corporation, since January 8, 2013. Prior to that he served as Chairman of the Board, Chief Executive Officer of the Company. Prior thereto, he worked as managing partner of the general partnerships which held properties prior to the formation of Company and the initial public offering and was President of the predecessor company since 1971. Mr. Richard Agree has managed and overseen the development of over 5,000,000 square feet of anchored shopping center space during the past 40 years. He is a graduate of the Detroit College of Law, a member of the State Bar of Michigan and the International Council of Shopping Centers. |
Joey Agree |
Mr. Joey Agree is President, Chief Executive Officer, Director of Agree Realty Corporation. He has been appointed as Chief Executive Officer of the Company on January 8, 2013. Prior to being promoted to President, Mr. Joey Agree served as Executive Vice President since January 2006. Prior to being appointed to this position, Mr. Joey Agree supervised development and acquisition activities. Prior to joining the company in March 2005, Mr. Joey Agree was employed by Grand/Sakwa Properties, one of the private developers in the Midwest, as a director of land acquisitions. He is a member of the State Bar of Michigan and the International Council of Shopping Centers. He holds a J.D. from Wayne State University Law School and a B.A. in Political Science from the University of Michigan. |
Alan Maximiuk |
Mr. Alan David Maximiuk is Chief Financial Officer, Vice President, Secretary of Agree Realty Corporation. He joined Company as Vice President in July 2010. Mr. Maximiuk’s responsibilities include the oversight of accounting, investor relations, filings with the Securities and Exchange Commission, as well as compliance with corporate governance guidelines. Prior to joining Company, Mr. Maximiuk was employed by Ramco-Gershenson Properties Trust from October 1991 to May 2010, most recently as Vice President Financial Services. Mr. Maximiuk holds a Bachelor of Business Administration from Western Michigan University. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accountants. |
Laith Hermiz |
Mr. Laith Hermiz is an Executive Vice President of Agree Realty Corporation. Mr. Hermiz is responsible for implementing and directing new development and redevelopment projects, supervision and oversight of leasing and asset management activities as well as formulating and determining long-term asset strategy. Prior to joining Company, Mr. Hermiz served as Vice President Development/Redevelopment of Ramco-Gershenson Properties Trust from July 2007 to April 2010. Previously, Mr. Hermiz was Managing Director of Joseph Freed and Associates LLC from April 2004 to July 2007. Mr. Hermiz holds a Bachelor of Science degree from Loyola University — Chicago and Juris Doctorate degree from University of Detroit-Mercy School of Law. He is a licensed Attorney and real estate broker in the State of Michigan and is an active member of the State Bar of Michigan and the International Council of Shopping Centers. |
John Rakolta |
Mr. John Rakolta is Director of Agree Realty Corporation. Mr. Rakolta is the chairman and chief executive officer of Walbridge, a privately held, top-50 construction company founded in Detroit in 1916. Mr. Rakolta serves as a director on the boards of The Community Foundation for Southeast Michigan, Detroit Downtown Partnership and Business Leaders for Michigan. He is an Executive Committee member of the Michigan Economic Development Corporation. Mr. Rakolta was appointed Romania’s Honorary Consul General to the United States in 1998. He received a Bachelor of Science degree in Civil Engineering from Marquette University in 1970. |
Farris Kalil |
Mr. Farris G. Kalil is an Independent Director of Agree Realty Corporation. Mr. Kalil has been a financial consultant since June 1999. From November 1996 until his retirement in May 1999, Mr. Kalil served as Director of Business Development for the Commercial Lending Division of Michigan National Bank, a national banking institution. From May 1994 to November 1996, Mr. Kalil served as a Senior Vice President for Commercial Lending at First of America Bank – Southeast Michigan, N.A. Prior thereto, Mr. Kalil served as a Senior Vice President of Michigan National Bank where he headed the Commercial Real Estate Division, Corporate Special Loans, Real Estate Asset Management/Real Estate Owned Group, and the Government Insured Multi-Department. Mr. Kalil received his B.S. from Wayne State University and continued his education at the Northwestern University School of Mortgage Banking. |
Michael Rotchford |
Mr. Michael Rotchford is an Independent Director of Agree Realty Corporation. He is an Executive Vice President for Cushman & Wakefield, Inc., a company specializing in real estate services. Prior to joining Cushman & Wakefield in 2000 he served as Managing Director of The Saratoga Group, an investment banking organization specializing in tax and asset-based financing. Mr. Rotchford had been with The Saratoga Group from 1991 to 2000. Prior to 1991, Mr. Rotchford was a Director in the investment banking division of Merrill Lynch & Co. where he managed the commercial mortgage placement group. Mr. Rotchford holds a bachelor’s degree, with high honors, from the State University of New York at Albany. He is a licensed real estate broker. |
William Rubenfaer |
Mr. William S. Rubenfaer is an Independent Director of Agree Realty Corporation. He is a partner in the certified public accounting firm of Rubenfaer & Associates, P.C., which he founded in 1979. He is also the managing member of Sage Capital Management, L.L.C., a registered investment advisory firm. In addition, Mr. Rubenfaer serves as Secretary Treasurer of two automobile dealerships located in Pinckney, Michigan and Mishawaka, Indiana. He is active in community activities including past president and board member of the Bloomfield Hills, Michigan School District. Mr. Rubenfaer is a certified public accountant and a member of the American Institute of Certified Public Accountants and the Michigan Association of CPA’s. |
Leon Schurgin |
Mr. Leon M. Schurgin is an Independent Director of Agree Realty Corporation. He is a Member in the law firm of Bodman, PLC, one of Michigan’s law firms. Prior to joining Bodman, PLC in 2007, he was a Senior Shareholder at Sommers Schwartz, a law firm located in Southfield, Michigan. Mr. Schurgin holds a Bachelors Degree in Business Administration from the University of Michigan, a Juris Doctorate Degree, Magna Cum Laude, from Wayne State University and a Masters of Law Degree in Taxation from Wayne State University. He is a certified public accountant. |
Gene Silverman |
Mr. Gene Silverman is an Independent Director of Agree Realty Corporation. Mr. Silverman has been a consultant to the entertainment industry since 1996. From July 1993 until his retirement in December 1995, Mr. Silverman served as the President and Chief Executive Officer of Polygram Video, USA, a division of Polygram N.V., a NYSE-listed company. Prior thereto, he was Senior Vice President of sales at Orion Home Video from 1987 through 1992. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Richard Agree |
785,600 |
Joey Agree |
1,441,900 |
Alan Maximiuk |
299,820 |
Laith Hermiz |
409,098 |
John Rakolta |
-- |
Farris Kalil |
-- |
Michael Rotchford |
-- |
William Rubenfaer |
-- |
Leon Schurgin |
-- |
Gene Silverman |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Richard Agree |
51,150 | 469,311 |
Joey Agree |
1,700 | 51,057 |
Alan Maximiuk |
0 | 0 |
Laith Hermiz |
0 | 0 |
John Rakolta |
0 | 0 |
Farris Kalil |
0 | 0 |
Michael Rotchford |
0 | 0 |
William Rubenfaer |
0 | 0 |
Leon Schurgin |
0 | 0 |
Gene Silverman |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
RAKOLTA JOHN JR |
6,000 | $28.07 |
RAKOLTA JOHN JR |
6,977 | $27.72 |
RAKOLTA JOHN JR |
5,000 | $28.00 |
RAKOLTA JOHN JR |
1,700 | $28.00 |
RAKOLTA JOHN JR |
5,894 | $27.80 |
MAXIMIUK ALAN DAVID |
4,500 | $0.00 |
AGREE RICHARD |
20,000 | $0.00 |
AGREE JOEY |
40,000 | $0.00 |
RAKOLTA JOHN JR |
50,000 | $27.25 |
AGREE RICHARD |
3,700 | $20.74 |
AGREE RICHARD |
6,300 | $20.80 |
MAXIMIUK ALAN DAVID |
4,000 | $0.00 |
HERMIZ LAITH |
7,000 | $0.00 |
AGREE JOEY |
40,000 | $0.00 |
WILLIAMS HEDLEY |
5,000 | $0.00 |
AGREE RICHARD |
24,000 | $0.00 |
AGREE RICHARD |
230 | $21.22 |
AGREE RICHARD |
2,000 | $21.30 |
AGREE RICHARD |
1,483 | $21.28 |
AGREE RICHARD |
3,000 | $21.30 |
AGREE RICHARD |
2,000 | $21.28 |
RAKOLTA JOHN JR |
900 | $20.40 |
RAKOLTA JOHN JR |
10,000 | $20.98 |
RAKOLTA JOHN JR |
3,759 | $20.92 |
RAKOLTA JOHN JR |
6,241 | $21.00 |
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