People: ARMOUR Residential REIT Inc (ARR)
ARR on New York Consolidated
5.76USD
21 May 2013
5.76USD
21 May 2013
Price Change (% chg)
$-0.13 (-2.21%)
$-0.13 (-2.21%)
Prev Close
$6.02
$6.02
Open
$5.88
$5.88
Day's High
$5.91
$5.91
Day's Low
$5.74
$5.74
Volume
7,217,310
7,217,310
Avg. Vol
7,513,031
7,513,031
52-wk High
$7.98
$7.98
52-wk Low
$5.66
$5.66
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Daniel Staton |
57 | 2009 | Non-Executive Chairman of the Board |
Jeffrey Zimmer |
55 | 2012 | Co-Vice Chairman of the Board, President, Co-Chief Executive Officer, Secretary |
Scott Ulm |
54 | 2009 | Co-Vice Chairman of the Board, Co-CEO, Chief Investment Officer, Head - Risk Management |
James Mountain |
53 | 2012 | Chief Financial Officer |
Marc Bell |
45 | 2009 | Director |
Thomas Guba |
62 | 2009 | Independent Director |
Robert Hain |
59 | 2009 | Independent Director |
John Hollihan |
63 | 2009 | Independent Director |
Stewart Paperin |
63 | 2009 | Independent Director |
Jordan Zimmerman |
57 | 2009 | Independent Director |
Biographies
| Name | Description |
|---|---|
Daniel Staton |
Mr. Daniel C. Staton is Non-Executive Chairman of the Board of ARMOUR Residential REIT, Inc. He was the President, CEO and Director of Enterprise Acquisition Corp. from its inception in 2007 until its merger with ARMOUR in November 2009. Mr. Staton has been the Non-Executive Chairman of JAVELIN since June 2012. Mr. Staton has 11 years of experience sourcing private equity and venture capital investments. Since 2003, he has been Managing Director of the private equity firm Staton Capital LLC, and has also served as the Chairman and Co-Chairman of the Board of FriendFinder Networks Inc. (NASDAQ: FFN), a internet-based social networking and multimedia entertainment company, since 2004. Between 1997 and 2007, Mr. Staton was President of The Walnut Group, a private investment firm, where he served as initial investor and Director of Build-A-Bear Workshop, the initial investor in Deal$: Nothing Over a Dollar (until its sale to Supervalu Inc.), and Director of Skylight Financial. Prior to The Walnut Group, Mr. Staton was General Manager and Partner of Duke Associates from 1981 until its IPO in 1993, and then served as Chief Operating Officer and Director of Duke Realty Investments, Inc. (NYSE: DRE) until 1997. Mr. Staton served as Chairman of the Board of Storage Realty Trust from 1997 to 1999, when he led its merger with Public Storage (NYSE: PSA), where he continues to serve as a Director. Mr. Staton supplements his professional network by co-producing and investing in numerous Broadway musicals as well as with relationships with not-for-profit organizations. Mr. Staton in Finance at the University of Missouri and holds a B.S. degree in Specialized Business from Ohio University and a B.S. degree in Business (Management) from California Coast University. |
Jeffrey Zimmer |
Mr. Jeffrey J. Zimmer is Co-Vice Chairman of the Board, President, Co-Chief Executive Officer, Secretary of Armour Residential REIT, Inc., since November 2009. Mr. Zimmer also served as Chief Financial Officer of ARMOUR from November 2009 to September 2012. Mr. Zimmer has been a Co-Managing Member of ARRM since March 2008. Mr. Zimmer has also been the Co-Chief Executive Officer, Co-Vice Chairman, President and Secretary of JAVELIN since June 2012. Mr. Zimmer has experience in the mortgage-backed securities market over a 27 year period. From September 2003 through March 2008, he was the co-founder and Chief Executive Officer of Bimini Capital Management, Inc., a publicly traded REIT. From 1990 to 2003, he was a managing Director at RBS/Greenwich Capital in the Mortgage-Backed and Asset-Backed Department where he held various positions that included working closely with some of the nation’s mortgage banks, hedge funds and investment management firms on various mortgage-backed securities investments. Mr. Zimmer was employed at Drexel Burnham Lambert in the institutional mortgage-backed sales area from 1984 until 1990. He received his M.B.A. in finance from Babson College and a B.A. in economics and speech communication from Denison University. |
Scott Ulm |
Mr. Scott J. Ulm is Co-Vice Chairman of the Board, Co-CEO, Chief Investment Officer, Head - Risk Management of ARMOUR Residential REIT, Inc., since November 2009. Mr. Ulm has been a Co-Managing Member of ARMOUR Residential Management, LLC, external manager (“ARRM”), since March 2008. Mr. Ulm has been the Co-Chief Executive Officer, Co-Vice Chairman, Chief Investment Officer and Head of Risk Management of JAVELIN Mortgage Investment Corp., a publicly-traded REIT (NYSE: JMI) which invests in and manages a leveraged portfolio of agency mortgage backed securities, non-agency mortgage backed securities and other mortgage-related investments (“JAVELIN”), since June 2012. JAVELIN is also externally-managed by ARRM. Mr. Ulm has 25 years of structured finance and debt capital markets experience, including mortgage-backed securities. Mr. Ulm has advised numerous U.S., European, and Asian financial institutions and corporations on balance sheet and capital raising matters. From 2005 to 2009, Mr. Ulm was Chief Executive Officer of Litchfield Capital Holdings. From 1986 to 2005, he held a senior positions at Credit Suisse both in New York and London, including Global Head of Asset-Backed Securities, Head of United States and European Debt Capital Markets and the Global Co-Head of Collateralized Debt Obligations, both cash and synthetic. While at Credit Suisse, Mr. Ulm was responsible for the underwriting and execution of more than $100 billion of mortgage- and asset-backed securities. At Credit Suisse, he was a member of the Fixed Income Operating Committee and the European Investment Banking Operating Committee. Mr. Ulm holds a B.A. summa cum laude from Amherst College, an M.B.A. from Yale School of Management and a J.D. from Yale Law School. |
James Mountain |
Mr. James R. Mountain is Chief Financial Officer of ARMOUR Residential REIT, Inc., since September 1, 2012. Mr. Mountain became the Chief Financial Officer of JAVELIN and ARRM on September 1, 2012. Mr. Mountain joined ARMOUR after having spent over 30 years at Deloitte. Mr. Mountain has experience in securitization transactions, having been involved in that market since its inception in the mid-1980’s, and helped to build Deloitte’s securitization practice. With experience in all facets of complex and structured financial transactions, he was in the early development of Deloitte’s global capital markets practice. In these roles, he advised his partners and client on both the buy-side and sell-side of the capital markets, as well as their regulators, regarding the financial reporting, control, valuation, risk management, and strategic aspects of cutting-edge financial transactions. Mr. Mountain also previously served as a partner in Deloitte’s national office, where he supervised the review and consultation process relating to securities offerings by banks, thrifts, securities deals, insurance companies, and investment companies. Mr. Mountain earned his Bachelor of Arts degrees in accounting and in economics from the University of Montana, as well as a Master of Business Administration from the University of California, Berkeley. He is a Certified Public Accountant and a member of the American Accounting Association and the American Institute of Certified Public Accountants. Mr. Mountain serves on the board of directors of Sigma Alpha Building Corp. and chairs the investment committee of the University of Montana Foundation and previously served on the Foundation’s audit and finance committee. |
Marc Bell |
Mr. Marc H. Bell is Director of ARMOUR Residential REIT, Inc., since November 2009. He was the Chairman of the Board of Directors and Treasurer of Enterprise from its inception in 2007 until its merger with ARMOUR in November 2009. Mr. Bell has also been a director of JAVELIN since June 2012. Mr. Bell has served as the Chief Strategy Officer of FriendFinder Networks Inc. since July 2012. Mr. Bell has served as Managing Director of Marc Bell Capital Partners LLC, an investment firm which invests in media and entertainment ventures, real estate, and distressed assets, since 2003, and has also served as the Chief Executive Officer of FriendFinder Networks Inc. from 2007 to June 2012. Mr. Bell served as the President of FriendFinder Networks Inc. until March 29, 2012. Previously, Mr. Bell was the founder and President of Globix Corporation, a full-service commercial Internet Service Provider with data centers and a private network with over 20,000 miles of fiber spanning the globe. Mr. Bell served as Chairman of the Board of Globix Corporation from 1998 to 2003 and Chief Executive Officer from 1998 to 2001. Mr. Bell was a member of the Board of Directors of EDGAR Online, Inc. (NASDAQ: EDGR), an Internet-based provider of filings made by public companies with the SEC, from 1998 to 2000. Mr. Bell has been a co-producer of Broadway musicals, and serves as a member of the Board of Trustees of New York University and New York University School of Medicine. Mr. Bell holds a B.S. degree in Accounting from Babson College and an M.S. degree in Real Estate Development from New York University. |
Thomas Guba |
Mr. Thomas K. Guba is an Independent Director of Armour Residential REIT, Inc. Mr. Guba has been a director of JAVELIN since June 2012. Mr. Guba has been the senior executive or head trader of various Wall Street mortgage and government departments in his 35 years in the securities business. Since 2009, Mr. Guba has been employed by Auriga Securities, USA, performing broker-dealer transactions in mortgage-backed securities. From 2001 through 2008, Mr. Guba was President and Principal of the Winter Group, a fully integrated mortgage platform and money management firm. He was Managing Director of Structured Product Sales at Credit Suisse First Boston from 2000 to 2002, Managing Director and Department Manager of Mortgages and U.S. Treasuries at Donaldson Lufkin Jenrette, which was subsequently purchased by Credit Suisse First Boston from 1994 to 2000, Executive Vice President and Head of Global Fixed Income at Smith Barney from 1993 to 1994, Managing Director of the Mortgage and U.S. Treasuries Department at Mabon Securities from 1990 to 1993, Senior Vice President and Mortgage Department Manager at Drexel Burnham Lambert from 1984 to 1990, Senior Vice President and Head Mortgage Trader at Paine Webber from 1977 to 1984, and a trader of mortgaged backed securities at Bache & Co. from 1975 to 1977. Mr. Guba was a Second Lieutenant, Military Police Corps, in the United States Army from 1972 to 1974. Mr. Guba holds a B.A. in political science from Cornell University and a M.B.A. in finance from New York University. |
Robert Hain |
Mr. Robert C. Hain is an Independent Director of Armour Residential REIT, Inc., since November 2009. Mr. Hain has been a director of JAVELIN since June 2012. Mr. Hain has been a non-executive director of Bank Leumi (UK) Plc, a majority-owned subsidiary of Bank Leumi Le Israel BM, one of Israel’s financial institutions, since 2012. Mr. Hain has been Chairman of City Financial Investment Company Limited since 2006, a partner of Shadbolt Partners LLP since 2005, and a director of Wittering Limited since 2005 and Kingsway Consultancy since 2007, each of which is engaged in asset management in the United Kingdom and Europe. City Financial and its affiliates acquire, rejuvenate and grow mutual fund and similar investment management businesses, and provide strategic advice to a select group of owners of investment management firms. Previously, Mr. Hain was Chief Executive Officer of Invesco UK, a prominent British asset manager, from 2002 to 2004, and Chief Executive Officer of AIM Trimark, a Canadian mutual fund company, from 1998 to 2002. Mr. Hain was a member of the Executive Management Committee of Amvescap Plc (now Invesco Ltd), from 1998 to 2005. Mr. Hain’s career in financial services includes senior executive positions in marketing, private banking and retail financial services in North America and Europe, and has comprised acquisitions, integrations, and product and service delivery innovations. In addition, Mr. Hain has served on the boards and committees of financial services, business, arts, health and social services organizations at the national and local levels in Toronto, Zurich, Winnipeg, Halifax and London. He holds degrees from the University of Toronto (Innis College) and the University of Oxford (Merton College). |
John Hollihan |
Mr. John P. Hollihan is an Independent Director of Armour Residential REIT, Inc., since November 2009. Mr. Hollihan has been a director of JAVELIN since June 2012. Mr. Hollihan has 27 years of investment banking and investment experience. Mr. Hollihan has served as the lead independent director of City Financial Investment Company Limited (London) and Executive Chairman of Litchfield Capital Holdings (Connecticut) since 2005. Mr. Hollihan has been a director of American Financial Realty Trust and of Recondine Inc. From 2000 to 2002, Mr. Hollihan was the Head of European Industry Investment Banking for Banc of America Securities (“BAS”), where he was a member of the BAS European Capital Committee and Board, and where he had responsibility for a loan book of $8 billion. Prior to that, from 1986 to 2000, Mr. Hollihan was Head of Global Project and Asset Based Finance and Leasing at Morgan Stanley and was a member of the Morgan Stanley International Investment Banking Operating Committee. He is a former trustee of American Financial Realty Trust (NYSE: AFR). Mr. Hollihan holds B.S. (Wharton) and B.A. degrees from the University of Pennsylvania, and a J.D. from the University of Virginia School of Law. |
Stewart Paperin |
Mr. Stewart J. Paperin is an Independent Director of ARMOUR Residential REIT, Inc., since November 2009. Mr. Paperin has also been a director of JAVELIN since June 2012. Mr. Paperin served as a member of Enterprise’s Board of Directors from its inception in July 2007 to its business combination with ARMOUR in November 2009. Mr. Paperin has served as Executive Vice President of the Soros Foundation, a worldwide private philanthropic foundation, since 1996, where he oversees financial, administrative and economic development activities. Prior to joining the Soros organizations, Mr. Paperin served as President of Brooke Group International, an investment firm concentrated on the former Soviet Union, from 1990 to 1993, and as Senior Vice President and Chief Financial Officer of Western Union Corporation, a provider of money transfer and message services which was controlled by Brooke Group, from 1988 to 1990. Prior to Western Union Corporation, Mr. Paperin served as Chief Financial Officer of Timeplex Corporation, a telecommunications equipment provider, from 1986 to 1988 and of Datapoint Corporation, a computer equipment manufacturer, from 1985 to 1986. Prior to Datapoint Corporation, Mr. Paperin served as a financial officer of Pepsico Corporation from 1980 to 1985 and as a management consultant at Cresap McCormick & Paget from 1975 to 1980. Mr. Paperin also served as a member of the Board of Directors of Community Bankers Acquisition Corp., a blank check company formed to acquire an operating business in the banking industry (NYSE MKT LLC: BTC). Mr. Paperin holds a B.A. degree and an M.S. degree from the State University of New York at Binghamton. He is a member of the Council for Foreign Relations and was awarded an honorary Doctor of Humane Letters by the State University of New York. |
Jordan Zimmerman |
Mr. Jordan Zimmerman is an Independent Director of ARMOUR Residential REIT, Inc., since November 2009. Mr. Zimmerman has been a director of JAVELIN since June 2012. Mr. Zimmerman has served as a member of Enterprise’s Board of Directors from its inception to its business combination with ARMOUR. In 1999, Mr. Zimmerman sold Zimmerman Advertising to Omnicom, a global marketing and corporate communications company and a premier holding company for such top advertising agencies as BBDO, DDB, TBWA Chiat and others. Mr. Zimmerman was recognized as the University of South Florida Alumni Entrepreneur of the Year in 1991. In 2004, he was one of ten people honored with South Florida Business Journal’s Diamond Award. Most recently, South Florida CEO Magazine honored Mr. Zimmerman as their “One Hundred Most Powerful People in South Florida.” Mr. Zimmerman has supported and led many local and national nonprofit organizations and charities, including: Make a Wish Foundation, Crohn’s and Colitis Foundation and Songs for Love. He is a member of the Board for Take Stock in Children, Pine Crest School of Boca Raton and the Cleveland Clinic Florida. Mr. Zimmerman is also a co-owner of the Florida Panthers, an NHL hockey team. Mr. Zimmerman holds an M.B.A. degree from the University of South Florida. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Daniel Staton |
-- |
Jeffrey Zimmer |
966,858 |
Scott Ulm |
966,858 |
James Mountain |
-- |
Marc Bell |
-- |
Thomas Guba |
-- |
Robert Hain |
-- |
John Hollihan |
-- |
Stewart Paperin |
-- |
Jordan Zimmerman |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Daniel Staton |
0 | 0 |
Jeffrey Zimmer |
0 | 0 |
Scott Ulm |
0 | 0 |
James Mountain |
0 | 0 |
Marc Bell |
0 | 0 |
Thomas Guba |
0 | 0 |
Robert Hain |
0 | 0 |
John Hollihan |
0 | 0 |
Stewart Paperin |
0 | 0 |
Jordan Zimmerman |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
ZIMMERMAN JORDAN |
1,010 | $0.00 |
HOLLIHAN JOHN P III |
2,526 | $0.00 |
GUBA THOMAS K |
251 | $0.00 |
ZIMMER JEFFREY J |
17,931 | $0.00 |
MOUNTAIN JAMES R |
4,135 | $0.00 |
HAIN ROBERT C |
251 | $0.00 |
STATON DANIEL C |
251 | $0.00 |
ZIMMERMAN JORDAN |
251 | $0.00 |
HOLLIHAN JOHN P III |
251 | $0.00 |
ULM SCOTT J |
19,724 | $0.00 |
BELL MARC H |
251 | $0.00 |
GUBA THOMAS K |
2,526 | $0.00 |
BELL MARC H |
1,263 | $0.00 |
PAPERIN STEWART J |
251 | $0.00 |
HAIN ROBERT C |
1,010 | $0.00 |
PAPERIN STEWART J |
2,526 | $0.00 |
STATON DANIEL C |
2,526 | $0.00 |
ULM SCOTT J |
5,000 | $6.16 |
ZIMMER JEFFREY J |
10,000 | $6.17 |
HOLLIHAN JOHN P III |
8,100 | $6.18 |
HOLLIHAN JOHN P III |
8,200 | $6.18 |
ZIMMERMAN JORDAN |
251 | $0.00 |
PAPERIN STEWART J |
251 | $0.00 |
ZIMMER JEFFREY J |
9,063 | $0.00 |
BELL MARC H |
251 | $0.00 |
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