People: Applied Industrial Technologies Inc (AIT)
AIT on New York Consolidated
48.96USD
18 Jun 2013
48.96USD
18 Jun 2013
Price Change (% chg)
$0.50 (+1.03%)
$0.50 (+1.03%)
Prev Close
$48.46
$48.46
Open
$48.56
$48.56
Day's High
$49.09
$49.09
Day's Low
$48.21
$48.21
Volume
139,705
139,705
Avg. Vol
177,064
177,064
52-wk High
$49.44
$49.44
52-wk Low
$34.44
$34.44
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
John Meier |
65 | 2011 | Independent Chairman of the Board |
Benjamin Mondics |
54 | 2008 | President, Chief Operating Officer |
Neil Schrimsher |
48 | 2011 | Chief Executive Officer, Director |
Mark Eisele |
55 | 2004 | Chief Financial Officer, Vice President, Treasurer |
Todd Barlett |
57 | 2004 | Vice President - Acquisitions and Global Business Development |
Fred Bauer |
46 | 2002 | Vice President, General Counsel, Secretary |
Thomas Armold |
57 | 2008 | Vice President - Marketing and Strategic Accounts |
Michael Coticchia |
49 | 2012 | Vice President, Chief Human Resources Officer |
William Bares |
71 | 1986 | Independent Director |
Thomas Commes |
70 | 1999 | Independent Director |
Peter Dorsman |
57 | 2002 | Independent Director |
L. Thomas Hiltz |
66 | 1981 | Independent Director |
Edith Kelly-Green |
59 | 2002 | Independent Director |
Dan Komnenovich |
55 | 2012 | Independent Director |
J. Michael Moore |
69 | 1997 | Independent Director |
Vincent Petrella |
52 | 2012 | Independent Director |
Jerry Sue Thornton |
65 | 1994 | Independent Director |
Peter Wallace |
58 | 2005 | Independent Director |
Biographies
| Name | Description |
|---|---|
John Meier |
Mr. John F. Meier is Independent Chairman of the Board of Applied Industrial Technologies Inc. He was Chairman and Chief Executive Officer of Libbey Inc. (NYSE Amex: LBY), a supplier of glass tableware products in the U.S., Canada, and Mexico, in addition to supplying to other key international markets. |
Benjamin Mondics |
Mr. Benjamin J. Mondics is President, Chief Operating Officer of Applied Industrial Technologies Inc., since January 2008. He previously served as Executive Vice President & Chief Operating Officer (from February 2007 — December 2007) and Vice President-Midwest Area (prior to February 2007). |
Neil Schrimsher |
Mr. Neil A. Schrimsher is Chief Executive Officer, Director of Applied Industrial Technologies, Inc. From February 2010 to August 2011, Mr. Schrimsher was Executive Vice President of Cooper Industries plc (NYSE: CBE), a global electrical products manufacturer, where he led Cooper’s Electrical Products Group and headed numerous domestic and international growth initiatives. He was President of Cooper Lighting, Inc. throughout the period from 2006 to December 2010. Prior to joining Cooper in 2006, he was an executive for Siemens Energy & Automation, Inc., part of Siemens AG, the global electronics and electrical engineering company. |
Mark Eisele |
|
Todd Barlett |
Mr. Todd A. Barlett is Vice President - Acquisitions and Global Business Development of Applied Industrial Technologies, Inc., since July 14, 2004. |
Fred Bauer |
|
Thomas Armold |
Mr. Thomas E. Armold is Vice President - Marketing and Strategic Accounts of Applied Industrial Technologies Inc., since January 2008. He previously served as Vice President - Product Management and Marketing. |
Michael Coticchia |
Mr. Michael L. Coticchia is Vice President, Chief Human Resources Officer of Applied Industrial Technologies Inc., since since July 2012. Previously served as Vice President-Chief Administrative Officer and prior to October 2010 was Vice President-Chief Administrative Officer and Government Business. |
William Bares |
Mr. William G. Bares is Independent Director of Applied Industrial Technologies Inc., since 1986. He retired as Chairman and Chief Executive Officer of The Lubrizol Corporation (formerly NYSE: LZ) in 2004. Lubrizol is a premier specialty chemical company focused on providing innovative technology to global transportation, industrial, and consumer markets. Mr. Bares was involved in business and has public company leadership skills, serving as Lubrizol’s Chairman and Chief Executive Officer for eight years and President for over 20 years. |
Thomas Commes |
Mr. Thomas A. Commes is Independent Director of Applied Industrial Technologies Inc., since 1999. Until his retirement in 1999, Mr. Commes was President and Chief Operating Officer, and a director, of The Sherwin-Williams Company (NYSE: SHW), a manufacturer, distributor, and retailer of paints and painting supplies. His career included service as that company’s Chief Financial Officer. Mr. Commes has a background in finance and accounting through his education and work as a Certified Public Accountant with an international public accounting firm and later as a financial executive for several retailers, culminating in his role as Sherwin-Williams’ Chief Financial Officer. Mr. Commes then served as President and Chief Operating Officer of Sherwin-Williams, a multi-billion dollar company, for over a decade. |
Peter Dorsman |
Mr. Peter A. Dorsman is Independent Director of Applied Industrial Technologies Inc. He has been Executive Vice President and Chief Quality Officer for NCR Corporation (NYSE: NCR) since July 2012. NCR is a global technology company providing assisted and self-service solutions and comprehensive support services that address the needs of retail, financial, travel, healthcare, hospitality, entertainment, and gaming organizations throughout the world. Mr. Dorsman leads NCR Services, a global provider of outsourced and managed service offerings. He is also responsible for customer experience, continuous improvement, and quality throughout NCR. Prior to his current role, he was NCR’s Executive Vice President, Industry Solutions Group and Global Operations from November 2011 to July 2012 and before then served as NCR’s Senior Vice President, Global Operations. |
L. Thomas Hiltz |
Mr. L. Thomas Hiltz is Independent Director of Applied Industrial Technologies Inc., since 1981. He is an attorney in Covington, Kentucky and is one of five trustees of the H.C.S. Foundation, a charitable trust which has sole voting and dispositive power with respect to 500,000 shares (as of June 30, 2012) of Applied stock. Mr. Hiltz’s background as a practicing lawyer and fiduciary includes experience with business transactions, including mergers and acquisitions, and board governance. In addition to his service for Great American Financial Resources, Inc. (prior to its acquisition by American Financial Group, Inc.), he has served as a director of numerous private companies, some with minority shareholder bases, and led those boards in overseeing corporate transactions. |
Edith Kelly-Green |
Ms. Edith Kelly-Green is Independent Director of Applied Industrial Technologies Inc., since 2002. Until her retirement in 2003, Ms. Kelly-Green, age 59, was Vice President and Chief Sourcing Officer of FedEx Express, express transportation company and a subsidiary of FedEx Corporation (NYSE: FDX). Ms. Kelly-Green has procurement and logistics experience from her service with FedEx Express, where she was involved in designing and enhancing the company’s internal supply chain processes. Because Applied is a distributor, the processes of buying, inventorying, and transporting products are critical to the company's business. In addition, her career began in the field of accounting as a Certified Public Accountant with an international public accounting firm and she served as Vice President-Internal Audit with FedEx Corporation. |
Dan Komnenovich |
Mr. Dan P. Komnenovich is Independent Director of Applied Industrial Technologies Inc. He has been President and Chief Executive Officer of Aviall, Inc. since January 2010. Aviall, a wholly owned subsidiary of The Boeing Company (NYSE: BA), is one of the providers of new aviation parts and related aftermarket operations. It also provides maintenance for aviation batteries, wheels, and brakes, as well as hose assembly, kitting, and paint-mixing services, and offers a complete set of supply chain and logistics services, including order processing, stocking and fulfillment, automated inventory management, and reverse logistics to OEMs and customers. From 2000 until January 2010, he was Aviall’s Executive Vice President and Chief Operating Officer. Mr. Komnenovich leads a global multi-billion dollar distribution company which has grown during his service as a senior executive. Earlier in his career, Mr. Komnenovich was a Certified Public Accountant and served in finance and accounting roles with various companies. |
J. Michael Moore |
Mr. J. Michael Moore is Independent Director of Applied Industrial Technologies Inc., since 1997. He has been President of Oak Grove Consulting Group, Inc. He was Chairman and Chief Executive Officer of Invetech Company, a distributor of bearings, mechanical and electrical drive system products, industrial rubber products, and specialty maintenance and repair products, prior to its acquisition by Applied in 1997. Mr. Moore was the longtime Chairman and Chief Executive Officer of Invetech, an industrial distributor and direct competitor of Applied’s. After Applied acquired Invetech, Mr. Moore continued to participate in industry trade associations, and served as board chairman of the National Association of Wholesaler-Distributors. |
Vincent Petrella |
Mr. Vincent K. Petrella is Independent Director of Applied Industrial Technologies Inc. He has been Senior Vice President of Lincoln Electric Holdings since 2005 -- previously Vice President -- and has been Chief Financial Officer since 2004. Lincoln Electric engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. He is a graduate of Baldwin Wallace University with a Bachelor of Arts degree in Accounting and Business Administration. |
Jerry Sue Thornton |
Dr. Jerry Sue Thornton, Ph.D., is Independent Director of Applied Industrial Technologies Inc., since 1994. She has been President of Cuyahoga Community College, a multi-campus community college in Ohio. Dr. Thornton is a preeminent educator with experience in career training. |
Peter Wallace |
Mr. Peter C. Wallace is Independent Director of Applied Industrial Technologies Inc. He is President and Chief Executive Officer, and a director, of Robbins & Myers, Inc. (NYSE: RBN). Robbins & Myers is a designer, manufacturer, and marketer of engineered, application-critical equipment and systems for the energy, chemical, pharmaceutical, and industrial markets worldwide. Prior to joining Robbins & Myers, Mr. Wallace was President and Chief Executive Officer of IMI Norgren Group, a manufacturer of sophisticated motion and fluid control systems for original equipment manufacturers. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
John Meier |
-- |
Benjamin Mondics |
2,861,620 |
Neil Schrimsher |
5,482,540 |
Mark Eisele |
2,220,120 |
Todd Barlett |
-- |
Fred Bauer |
1,823,790 |
Thomas Armold |
-- |
Michael Coticchia |
-- |
William Bares |
-- |
Thomas Commes |
-- |
Peter Dorsman |
-- |
L. Thomas Hiltz |
-- |
Edith Kelly-Green |
-- |
Dan Komnenovich |
-- |
J. Michael Moore |
-- |
Vincent Petrella |
-- |
Jerry Sue Thornton |
-- |
Peter Wallace |
-- |
As Of 29 Jun 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
John Meier |
0 | 0 |
Benjamin Mondics |
11,250 | 317,169 |
Neil Schrimsher |
0 | 0 |
Mark Eisele |
103,910 | 1,319,295 |
Todd Barlett |
0 | 0 |
Fred Bauer |
109,301 | 1,567,668 |
Thomas Armold |
0 | 0 |
Michael Coticchia |
0 | 0 |
William Bares |
0 | 0 |
Thomas Commes |
0 | 0 |
Peter Dorsman |
0 | 0 |
L. Thomas Hiltz |
0 | 0 |
Edith Kelly-Green |
0 | 0 |
Dan Komnenovich |
0 | 0 |
J. Michael Moore |
0 | 0 |
Vincent Petrella |
0 | 0 |
Jerry Sue Thornton |
0 | 0 |
Peter Wallace |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
EISELE MARK O |
3,091 | $47.95 |
EISELE MARK O |
4,875 | $21.11 |
BREZOVEC DANIEL T |
7,800 | $21.11 |
COTICCHIA MICHAEL L |
1,531 | $47.86 |
BREZOVEC DANIEL T |
4,873 | $47.86 |
COTICCHIA MICHAEL L |
2,612 | $47.86 |
MONDICS BENJAMIN J |
4,268 | $46.28 |
MONDICS BENJAMIN J |
6,450 | $23.00 |
BAUER FRED D |
10,711 | $46.02 |
BAUER FRED D |
16,300 | $21.94 |
COMMES THOMAS A |
3,415 | $0.00 |
EISELE MARK O |
5,836 | $45.55 |
EISELE MARK O |
9,000 | $21.11 |
BARLETT TODD A |
8,774 | $44.50 |
BARLETT TODD A |
10,000 | $21.94 |
BARLETT TODD A |
5,700 | $25.44 |
BARLETT TODD A |
21,726 | $44.08 |
BARLETT TODD A |
5,400 | $23.00 |
BARLETT TODD A |
9,400 | $29.41 |
WALLACE PETER C |
78 | $43.41 |
MOORE JOSEPH MICHAEL |
140 | $43.41 |
COMMES THOMAS A |
79 | $43.41 |
KELLY GREEN EDITH |
430 | $0.00 |
BARLETT TODD A |
53 | $43.41 |
DORSMAN PETER A |
566 | $0.00 |

