People: American Consumers Inc (ANCS.PK)


ANCS.PK on OTC Markets Group

0.31USD
7 Mar 2013
Price Change (% chg)

$-0.20 (-39.22%)
Prev Close
$0.51
Open
$0.31
Day's High
$0.31
Day's Low
$0.31
Volume
275
Avg. Vol
0
52-wk High
$0.52
52-wk Low
$0.31

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Summary

Name Age Since Current Position

Paul Cook

 60 2009 Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Treasurer

Michael Richardson

 37 2009 Chief Operating Officer, Executive Vice President, Director

Reba Southern

 57 1991 Corporate Secretary

Virgil Bishop

 71 2006 Independent Director

Andrew Douglas

 81 1998 Independent Director

Thomas Richardson

 80 1970 Independent Director

Danny Skates

 57 2001 Independent Director
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Biographies

Name Description

Paul Cook

 Mr. Paul R. Cook is Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer and Treasurer of American Consumers Inc. He was appointed by Board of Directors as Chairman of the Board, President and Chief Executive Officer of the Company following the untimely death of Michael A Richardson in November 2009. Mr. Cook has served as a director and as Executive Vice President,Treasurer and Chief Financial Officer of the Company since 1991. Prior to that time, he had served as Secretary/Treasurer and Chief Financial Officer of ACI since 1987. As Chief Executive Officer, Mr. Cook also chairs the Company’s Executive Committee, which has responsibility for the review and approval of management decisions for ACI under the overall supervision of the Board. Mr. Cook has served as a director of Capital Bank, Fort Oglethorpe, Georgia, since 1993. He also serves as Secretary/Treasurer of the Kiwanis Club of Fort Oglethorpe, Georgia, and as director of that organization’s annual Rick Honeycutt Youth Benefit Golf Tournament, a annual fund raising project for various organizations and activities benefiting the youth of the Company’s primary trade area in Northwest Georgia. The Board of Directors believes that Mr. Cook’s knowledge of the supermarket business gained through over 23 years of service with the Company, coupled with his civic leadership and the financial industry experience he has gained through many years of oversight as a board member of a local bank, qualify him to serve as a director and to lead the Company at this time.

Michael Richardson

 Mr. Michael Todd Richardson is Chief Operating Officer, Executive Vice President and Director of American Consumers Inc. Previously, Mr. Richardson had served as Vice President and Director of Meat Operations for the Company since 2006, with responsibility for the overall supervision of purchasing, advertising and operations functions for the meat markets in the Company’s grocery stores. Prior to that time, Mr. Richardson served as assistant to the Company’s Director of Meat Operations. The Board of Directors believes that Mr. Richardson’s experience in organizing and key operational activities for the Company, as well as his commitment to continuing the legacy of service to customers that began when his grandfather founded the Company over 50 years ago, qualify him to serve as a director of ACI.

Reba Southern

 Ms. Reba S. Southern is Corporate Secretary of American Consumers Inc. Prior to that time she served as Assistant Secretary-Treasurer from 1987 through 1991. Ms. Southern is an Ex-Officio member of the Company’s Executive Committee.

Virgil Bishop

 Mr. Virgil E. Bishop is Independent Director of American Consumers Inc. He is retired in 2006 from his position as Vice President and Director of Meat Operations of the Company, the overall supervision of purchasing, advertising and operations functions for the meat markets in the Company’s grocery stores. Mr. Bishop had served in that capacity with ACI since 1969, and he has served as a director of the Company since 1987. Effective July 2010, Mr. Bishop was elected as a member of the Audit and Compensation Committees of the Board of Directors. The Board of Directors believes that Mr. Bishop’s experience with the grocery industry, as well as with the Company’s organization and operations, gained through his many years of service in senior management qualify him to continue providing leadership in an oversight role as a director of ACI.

Andrew Douglas

 Mr. Andrew V. Douglas is Independent Director of American Consumers Inc. He is retired as a retail counselor for the Company’s former principal grocery supplier, Fleming Companies, Inc., in 1995 following ten years of service with Fleming and over 40 years of experience in the industry. Prior to his retirement, Mr. Douglas worked closely with the Company on managing its product mix and marketing strategies. He has served as a director of the Company since 1998, and is a member of the Audit Committee and the Compensation Committee. The Board of Directors believes that Mr. Douglas background and experience in analyzing trends and developments in the grocery industry, and working with retailers such as the Company to profitably manage their operations in response to developments in the industry and in their local markets, qualify him to serve as a director of ACI and enable him to provide, ongoing guidance to the Company.

Thomas Richardson

 Mr. Thomas L. Richardson is Independent Director of American Consumers Inc. He has served since 1967 as Chairman of the Board of Learning Labs, Inc. (LLI), a privately held educational resource business marketing technology products designed to reinforce academic skills through applied, hands-on learning throughout the Southeastern United States. He also served as Chief Executive Officer of LLI from 1967 until his retirement from that position in 1994. The Board of Directors believes that the business experience. Mr. Richardson has acquired through over four decades of LLI, as well as his experience and contributions in helping to oversee the growth and development of the Company’s business during that time, qualify him to serve as a director of ACI.

Danny Skates

 Mr. Danny R. Skates is Independent Director of American Consumers Inc. He is co-owner of Jackson Chevrolet Pontiac Buick GMC, Inc., and has served as Executive Vice President and General Manager of such dealership and its predecessor since 1989. Mr. Skates has served as a director of the Company since 2001, and he serves as Chairman of both the Audit and Compensation Committees of the Company’s Board of Directors. The Board of Directors believes that the business and financial management experience Mr. Skates has gained through running one of the automobile dealerships in the Company’s primary trade area, as well as his experience and contributions to the oversight of the Company’s business and financial reporting process as Chairman of the Board’s Audit and Compensation Committees, qualify Mr. Skates to serve as a director of ACI.

Basic Compensation

Name Fiscal Year Total

Paul Cook

 76,974

Michael Richardson

 --

Reba Southern

 --

Virgil Bishop

 --

Andrew Douglas

 --

Thomas Richardson

 --

Danny Skates

 --
As Of 28 May 2010

Options Compensation

Name Options Value

Paul Cook

 0 0

Michael Richardson

 0 0

Reba Southern

 0 0

Virgil Bishop

 0 0

Andrew Douglas

 0 0

Thomas Richardson

 0 0

Danny Skates

 0 0

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