People: Adcare Health Systems Inc (ADK.A)

Summary

Name	Age	Since	Current Position
David Tenwick	74	1991	Chairman of the Board
Boyd Gentry	53	2011	President, Chief Executive Officer, Director
Christopher Brogdon	63	2012	Vice Chairman of the Board
Ronald Fleming	54	2013	Chief Financial Officer, Senior Vice President
David Rubenstein	45	2011	Chief Operating Officer, Executive Vice President
Peter Hackett	74	2005	Independent Director
Jeffrey Levine	60	2005	Independent Director
Joshua McClellan	40	2009	Independent Director
Phillip Radcliffe	74	1991	Independent Director
Laurence Sturtz	69	2005	Independent Director
Gary Wade	75	2011	Independent Director

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Biographies

Name	Description
David Tenwick	Mr. David A. Tenwick is Chairman of the Board of Adcare Health Systems, Inc. Mr. Tenwick, founder, has served as Company's Chairman and as a director since Company's organization was founded in August 1991. Prior to founding Company, Mr. Tenwick was an independent business consultant from 1982 to 1990. Through 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 which invested in oil and gas properties and commercial and residential real estate. Prior to founding Nucorp, he 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 (BBA) and Juris Doctor (JD) degrees from the University of Cincinnati in 1960 and 1962, respectively.
Boyd Gentry	Mr. Boyd P. Gentry is President, Chief Executive Officer, Director of AdCare Health Systems, Inc. Mr. Gentry was appointed as a director by existing members of the Board of Directors in December 2009 and became Co-Chief Executive Officer of the Company on January 10, 2011 and President and Chief Executive Officer on June 30, 2011. Mr. Gentry was employed by Mariner Health Care, Inc., a former NYSE publicly held long-term health care provider, from 1995 to 2007, and promoted to Chief Financial Officer subsequent to its 2004 going private transaction sponsored by National Senior Care. He transitioned to an ongoing consulting role for Mariner in September 2007 when he was recruited to Millenium Pharmacy Systems, Inc. to serve as Chief Financial Officer. He remained with Millenium until 2009 and rejoined Mariner Health Care, Inc. as its President in April of 2010. From 1982 until 1995, Mr. Gentry was employed with Bank of America and its predecessors with various financial responsibilities as Senior Vice President. Mr. Gentry received his Bachelor of Arts (BA) in Economics from Knox College in Galesburg, Illinois and his Master of Business Administration (MBA) in Finance and Accounting from Southern Methodist University in Dallas, Texas.
Christopher Brogdon	Mr. Christopher Brogdon is Vice Chairman of the Board of AdCare Health Systems, Inc. Mr. Brogdon was appointed as a director by existing members of the Board in September 2009 and was elected by the shareholders in 2010. Mr. Brogdon currently serves as the Company's Vice-Chairman and Chief Acquisition Officer. Mr. Brogdon has been primarily responsible for directing the Company's acquisition strategy. Mr. Brogdon brings to AdCare more than 20 years of experience in the nursing home, assisted living and retirement community. Since 1998, Mr. Brogdon has owned and operated Brogdon Family LLC which owns and operates nursing homes, assisted living facilities and restaurants. Mr. Brogdon previously served as Chairman of the Board of NYSE-listed Retirement Care Associates (RCA) and NASDAQ-listed Contour Medical.
Ronald Fleming	Mr. Ronald W. Fleming has been appointed as Chief Financial Officer, Senior Vice President of AdCare Health Systems, Inc., effective May 15, 2013. From 2001 until May 2013, Mr. Fleming served as the Chief Financial Officer of Georgia Cancer Specialists I, P.C., where he was responsible for the financial reporting and oversight of the privately-held healthcare services company.
David Rubenstein	Mr. David Rubenstein is Chief Operating Officer, Executive Vice President of AdCare Health Systems, Inc., since December 19, 2011. Mr. Rubenstein has more than 23 years of experience in long-term care facility management. From March 2010 until December 18, 2011, Mr. Rubenstein served as Chief Executive Officer of LaVie Management Services, where he was responsible for the management of operations of the skilled nursing facility company. From January 2009 to March 2010, Mr. Rubenstein was the Chief Executive Officer of Coastal Administrative Services as well as the Executive Vice President of Strategy and Support for Genoa Healthcare, where he was responsible for oversight of information technology, accounting and reimbursement issues for the skilled nursing facility companies. From January 2006 to December 2008, Mr. Rubenstein served as the Chief Development Officer for Genoa Healthcare Consulting, where he oversaw the acquisition and divestiture of skilled nursing facilities. Mr. Rubenstein holds a Bachelor of Science (BS) in Accounting from the University of Rhode Island.
Peter Hackett	Mr. Peter J. Hackett is Independent Director of Adcare Health Systems, Inc., since May 2005. Mr. Hackett is a certified public accountant who received his BA degree from the University of Notre Dame and his Masters of Arts degree from The Ohio State University in 1959 and 1965, respectively. Mr. Hackett worked as an auditor and was a stockholder in the accounting firm of Clark, Schaefer, & Hackett & Co. from 1962 to 2003. Mr. Hackett served as a Chief Executive Officer of Clark, Schaefer, & Hackett & Co. from 1991 to 1999 and was Chairman from 1999 to 2003. Mr. Hackett currently acts as a consultant for Clark, Schaefer, & Hackett & Co. Mr. Hackett is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants. Mr. Hackett was a member of the board of directors of Mercy Medical Center from 1972 to 1995. Mr. Hackett is also involved in numerous civic and charitable affiliations in the Springfield, Ohio area.
Jeffrey Levine	Mr. Jeffrey L. Levine is Independent Director of Adcare Health Systems, Inc., since December 2005. He also served as a director of the Company from its organization in 1991 until 2003. Mr. Levine received his Bachelor of Science (BS) in business from Miami University in 1973 and his Juris Doctor from Capital University Law School in 1976. He has worked as an industrial and commercial real estate broker from 1975 to present. He is the President of the Levine Real Estate Company and Senior Vice President of Cassidy Turley. He is the past President of Larry Stein Realty. Mr. Levine has experience in negotiating and appraising commercial and investment real estate. Mr. Levine has served as an officer and director on several private and public real estate companies and financial institutions. He is a member of the National Association of Realtors, the Ohio State Bar Association and the Florida State Bar Association.
Joshua McClellan	Mr. Joshua J. McClellan is Independent Director of AdCare Health Systems, Inc., since December 2009. From 1996 to 2006, Mr. McClellan served as Founder and President of McClellan Health Systems, Inc., located in northwest Ohio. Through acquisitions and development, he grew his company from a single, skilled nursing facility to a regional healthcare provider for over 650 residents which he sold in June, 2006 for $53M. In 2011, he developed and opened a rehab facility in Denman, Colorado which has the capacity to provide rehabilitation and other medical services to approximately 100 residents. Mr. McClellan received his Bachelor of Science (BS) from Ohio State University and his Master of Business Administration (MBA) from the University of Findlay in Findlay, Ohio. Mr. McClellan is also a member of the Young Presidents Organization.
Phillip Radcliffe	Mr. Phillip S. Radcliffe is Independent Director of Adcare Health Systems, Inc., since August 1991. Mr. Radcliffe spent his career in the industrial computer industry. Through the 1960s, Mr. Radcliffe was employed by IBM and then the Westinghouse Electric Company in their Computer and Instruments Division. Mr. Radcliffe next became an entrepreneur and participated in the start up of an industrial systems integration supplier. Mr. Radcliffe served as the Chief Financial Officer of this company and led the effort in the company becoming public and directed all SEC reporting requirements. In 1980 Mr. Radcliffe started his own virtual company in the Washington, DC area providing turnkey data acquisition and control systems to industry and the government. Since 1992, Mr. Radcliffe has assisted several early stage high tech companies in developing their business plan, locating funds and providing oversight and mentoring. Since 1970, Mr. Radcliffe has served on the boards of directors of several private and public companies. Mr. Radcliffe has served as a mentor for the Dingman School of Entrepreneurship, affiliated with the University of Maryland School of Business. Mr. Radcliffe received his Bachelor Degree from Baldwin Wallace College in 1959.
Laurence Sturtz	Mr. Laurence E. Sturtz is Independent Director of Adcare Health Systems, Inc., since June 2005. Mr. Sturtz is a retired attorney at law. He received his BA in Economics, and his JD degree from The Ohio State University, graduating in 1964 and 1967, respectively. Mr. Sturtz was a prominent trial lawyer in Columbus, Ohio and also specialized in representing companies of all sizes until his retirement in 2002. Mr. Sturtz left the private practice of law for six years (1982-1988) and served as Vice President and General Counsel, and then President and Chief Executive Officer of Strata Corporation, a public company based in Columbus, Ohio. In 1988, Mr. Sturtz returned to the private practice of law and became the senior litigator with the firm of Carlile Patchen & Murphy LLP. Mr. Sturtz was admitted to practice before the United States Supreme Court and had five cases before the Court during the course of his career. Mr. Sturtz has served as a director of Advanced Biological Marketing, Inc. since 2007 and was Chairman of the Board of The Language Access Network ("TLAN") from March, 2006 until December 2007. Mr. Sturtz currently works as a mediator and arbitrator in Florida and Ohio.
Gary Wade	Mr. Gary L. Wade is Independent Director of Adcare Health Systems, Inc. Mr. Wade has served as Company's President and as a director since 1995 and became Chief Executive Officer in 1998. Mr. Wade became Co-Chief Executive Officer (with Boyd Gentry) on January 10, 2011 and retired as Chief Executive Officer and President on June 30, 2011. In 1988 Mr. Wade was a co-founder of AdCare Health Systems, Inc., whose assets acquired in 1995. Prior to that, he served as the Chief Executive Officer and President of St. John's Mercy from 1980 to 1989 and was responsible for the development and operation of Oakwood Village Retirement Community in 1987, a 230-unit continuing care retirement community, and the operation of St. John's Center, a sub-acute long-term care facility. Mr. Wade earned his undergraduate degree at Ohio University and his Master of Business Administration (MBA) from Xavier University, where he specialized in hospital and health care administration. He is a past Chairman of the Ohio Assisted Living Association and served on the Government Relations and Health Care committees of the Association of Ohio Philanthropic Homes.

Basic Compensation

Name	Fiscal Year Total
David Tenwick	268,405
Boyd Gentry	995,529
Christopher Brogdon	202,023
Ronald Fleming	--
David Rubenstein	500,068
Peter Hackett	--
Jeffrey Levine	--
Joshua McClellan	--
Phillip Radcliffe	--
Laurence Sturtz	--
Gary Wade	257,719

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
David Tenwick	8,000	19,000
Boyd Gentry	0	0
Christopher Brogdon	0	0
Ronald Fleming	0	0
David Rubenstein	0	0
Peter Hackett	0	0
Jeffrey Levine	0	0
Joshua McClellan	0	0
Phillip Radcliffe	0	0
Laurence Sturtz	0	0
Gary Wade	8,000	19,000

Insider Trading

Name	Shares Traded	Price
STURTZ LAURENCE E	1,621	$1.30
LEVINE JEFFREY L	1,156	$3.98
BROGDON CONNIE B III	1,000	$3.98
BROGDON CHRISTOPHER F	1,000	$3.98
BROGDON CHRISTOPHER F	1,000	$4.30
BROGDON CONNIE B III	1,000	$4.30
BROGDON CHRISTOPHER F	1,000	$4.39
BROGDON CONNIE B III	1,000	$4.39
BROGDON CONNIE B III	2,000	$4.64
BROGDON CHRISTOPHER F	2,000	$4.64
BROGDON CHRISTOPHER F	2,000	$4.59
BROGDON CONNIE B III	2,000	$4.59
WADE GARY L	20,000	$0.00
BROGDON CHRISTOPHER F	1,000	$4.84
BROGDON CONNIE B III	1,000	$4.84
RADCLIFFE PHILIP S	441	$2.27
BROGDON CONNIE B III	1,000	$4.30
BROGDON CONNIE B III	3,000	$4.21
BROGDON CHRISTOPHER F	1,645	$4.20
BROGDON CHRISTOPHER F	1,000	$4.30
BROGDON CONNIE B III	1,645	$4.20
BROGDON CHRISTOPHER F	3,000	$4.21
LEVINE JEFFREY L	30,000	$0.00
BROGDON CHRISTOPHER F	30,000	$0.00
MCCLELLAN JOSHUA J	30,000	$0.00

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People: Adcare Health Systems Inc (ADK.A)

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Summary

Biographies

Basic Compensation

Options Compensation

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