People: Adcare Health Systems Inc (ADK.A)

ADK.A on American Stock Exchange

4.95USD
26 Aug 2014
Price Change (% chg)

$-0.04 (-0.80%)
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Volume
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Summary

Name Age Since Current Position

David Tenwick

76 2014 Chairman of the Board, Interim Chief Executive Officer and President

Christopher Brogdon

57 2012 Vice Chairman of the Board

Ronald Fleming

56 2013 Chief Financial Officer, Senior Vice President, Secretary

David Rubenstein

2011 Chief Operating Officer, Executive Vice President

Michael Fox

36 2013 Director

Peter Hackett

76 2005 Independent Director

Phillip Radcliffe

77 1991 Independent Director

Laurence Sturtz

71 2005 Independent Director

Brett Maas

IR Contact Officer

Biographies

Name Description

David Tenwick

Mr. David A. Tenwick is Chairman of the Board, Interim Chief Executive Officer and President 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. 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.

Christopher Brogdon

Mr. Christopher F. Brogdon is Vice Chairman of the Board of AdCare Health Systems, Inc. Mr. Brogdon currently serves as the Company's Vice-Chairman. Previously, Mr. Brogdon served as the Company's Chief Acquisitions Officer from September 2009 through December 2012. 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 Board of NYSE-listed Retirement Care Associates and Chairman of the Board of NASDQ-listed Contour Medical.

Ronald Fleming

Mr. Ronald W. Fleming has been appointed as Chief Financial Officer, Senior Vice President, Secretary of AdCare Health Systems, Inc., effective May 15, 2013. From 2001 until May 2013, Mr. Fleming served as 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. Mr. Fleming was employed by Mariner Post-Acute Network, Inc., a publicly held long-term health care services provider from 1989 to 2000 and served as its Vice President, Controller and Chief Accounting Officer from 1996-2000. Mr. Fleming holds a B.S. in Accounting from Ball State University and is a Certified Public Accountant.

David Rubenstein

Mr. David Rubenstein is no longer Chief Operating Officer, Executive Vice President of AdCare Health Systems, Inc., effective December 31, 2014. Mr. Rubenstein has more than 23 years of experience in long-term care facility management. From March 2010 until December 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 B.S. in Accounting from the University of Rhode Island.

Michael Fox

Mr. Michael J. Fox is a 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.

Peter Hackett

Mr. Peter J. Hackett is an Independent Director of Adcare Health Systems, Inc., since May 2005. Mr. Hackett is a certified public accountant who received his B.A. degree from the University of Notre Dame and his M.A. 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 the Chief Executive Officer of Clark, Schaefer, & Hackett & Co. from 1991 to 1999 and was Chairman from 1999 to 2003. Since 2003 until present, Mr. Hackett has acted 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.

Phillip Radcliffe

Mr. Phillip S. Radcliffe is an Independent Director of Adcare Health Systems, Inc., since August 1991. Mr. Radcliffe has 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 startup 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's Degree from Baldwin Wallace College in 1959.

Laurence Sturtz

Mr. Laurence E. Sturtz is an Independent Director of Adcare Health Systems, Inc., since June 2005. Mr. Sturtz is a retired attorney at law. He received his B.A. degree in Economics and his J.D. degree from The Ohio State University 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, from 1982 to 1988, during which time he 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 2005, and was Chairman of the Board of The Language Access Network from March 2006 until December 2007. Mr. Sturtz currently works as a mediator and arbitrator in Florida and Ohio.

Brett Maas

Basic Compensation

Name Fiscal Year Total

David Tenwick

878,800

Christopher Brogdon

463,025

Ronald Fleming

608,939

David Rubenstein

376,080

Michael Fox

--

Peter Hackett

--

Phillip Radcliffe

--

Laurence Sturtz

--

Brett Maas

--
As Of 30 Dec 2013

Options Compensation

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