People: Asta Funding Inc (ASFI.O)

ASFI.O on Nasdaq

8.33USD
21 Nov 2014
Price Change (% chg)

$-0.12 (-1.42%)
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$8.45
Open
$8.42
Day's High
$8.45
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$8.28
Volume
25,388
Avg. Vol
11,361
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$8.77
52-wk Low
$7.81

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Summary

Name Age Since Current Position

Gary Stern

61 2009 Chairman of the Board, President, Chief Executive Officer

Arthur Stern

93 2009 Chairman Emeritus

Robert Michel

55 2009 Chief Financial Officer

Ricky Stern

29 2014 Senior Vice President

Seth Berman

50 2013 Chief Compliance Officer, General Counsel

David Slackman

66 2008 Lead Independent Director

Louis Piccolo

62 2013 Director

Herman Badillo

84 1995 Independent Director

Edward Celano

75 1995 Independent Director

Harvey Leibowitz

80 2000 Independent Director

Biographies

Name Description

Gary Stern

Mr. Gary Stern is Chairman of the Board, President, Chief Executive Officer of Asta Funding, Inc. Mr. Stern has been a director and the President and Chief Executive Officer of the Company since our inception in July 1994. Mr. Stern assumed the role of Chairman in January 2009. Mr. Stern had been Vice President, Secretary, Treasurer and a director of Asta Group since 1980 and held other positions with Asta Group prior thereto. In such capacities, he has obtained substantial experience in distressed consumer credit analysis and receivables collections. As a result of these and other professional experiences, Mr. Stern possesses particular knowledge and experience in financial management and collections which strengthens the Board’s collective qualifications, skills, and experience.

Arthur Stern

Mr. Arthur Stern is Chairman Emeritus of Asta Funding,Inc., since January 2009. Mr. Stern served as Chairman of the Board of Directors and Executive Vice President of the Company since inception in July 1994 through January 2009. Since 1963, Mr. Arthur Stern has been President of Asta Group. In such capacities, he has obtained substantial experience in distressed consumer credit analysis and receivables collections. As a result of these and other professional experiences, Mr. Stern possesses particular knowledge and experience in distressed consumer credit and collections which strengthens the Board’s collective qualifications, skills, and experience.

Robert Michel

Mr. Robert J. Michel, CPA, is Chief Financial Officer of Asta Funding Inc., since February 2009. Prior to this, from 2004 to 2009, Mr. Michel served as our Controller and the Director of Financial Reporting and Compliance. Prior to joining the Company, Mr. Michel was a partner at Laurence Rothblatt & Company LLP, a CPA firm located in Great Neck, New York.

Ricky Stern

Mr. Ricky Stern is Senior Vice President of Asta Funding, Inc. Prior to this, Mr. Stern served as Assistant Treasurer of the Company and has been with the company for three years. Prior to joining the Company, Mr. Stern earned an MBA in Finance from Pace University in 2011. Mr. Stern is a Certified Financial PlannerTM professional as well as a Certified Investment Management AnalystSM professional.

Seth Berman

Mr. Seth Berman, Esq., is Chief Compliance Officer, General Counsel of Asta Funding Inc. He has served as our General Counsel since 2005 and was named Chief Compliance Officer in April 2013. From 1997 through 2004, Mr. Berman was an associate at Weil Gotshal & Manges LLP.

David Slackman

Mr. David S. Slackman is Lead Independent Director of Asta Funding, Inc., since June 9, 2008. He has also served as Director of Asta Funding, Inc. since May 2002. Mr. Slackman has served as Managing Director at HT Capital Advisors LLC from August 2008 to present. Mr. Slackman served as President, Manhattan Market — New York of Commerce Bank from January 2001 through June 2008. Prior to January 2001, Mr. Slackman was an Executive Vice President of Atlantic Bank of New York from 1994 to 2001 and a Senior Vice President of the Dime Savings Bank from 1986 to 1994.

Louis Piccolo

Mr. Louis A. Piccolo is Director of Asta Funding, Inc., since June 2004. Mr. Piccolo has served as President of A.L. Piccolo & Co., Inc., a business consulting firm specializing in management and financial consulting, since 1988. Mr. Piccolo was an Executive Vice President and Chief Financial Officer of Alfred Dunhill of London, Inc. from 1983 to 1988, and held the same positions at Debenham’s PLC, from 1981 to 1983. From 1977 to 1981, Mr. Piccolo was a senior accountant at KPMG Peat Marwick. As a result of these and other professional experiences, Mr. Piccolo possesses particular knowledge and experience in accounting and management which strengthens the Board’s collective qualifications, skills, and experience.

Herman Badillo

Mr. Herman Badillo is Independent Director of Asta Funding,Inc., since September 1995. He retired as Senior Counsel at Parker, Waichman, Alonso, LLP in January 2011. Previously, he was Of Counsel at Sullivan Papain Block McGrath & Cannavo P.C. from 2005 through 2011. Mr. Badillo was a founding member of Fischbein, Badillo, Wagner & Harding, a law firm located in New York City, from 1987 through 2005. He has formerly served as Special Counsel to the Mayor of New York City for Fiscal Oversight of Education and as a member of the Mayor’s Advisory Committee on the Judiciary. Mr. Badillo served as a United States Congressman from 1971 to 1978 and Deputy Mayor of New York City from 1978 to 1979. As a result of these and other professional experiences, Mr. Badillo possesses particular knowledge and experience in regulatory and public relations which strengthens the Board’s collective qualifications, skills, and experience.

Edward Celano

Mr. Edward A. Celano is Independent Director of Asta Funding,Inc., since September 1995. Mr. Celano has served as a consultant to Walters and Samuels, Incorporated since 2003. He was formerly a consultant with WeiserMazars, LLP., from 2001 to 2003, and an Executive Vice President of Atlantic Bank from May 1996 to February 2001. Prior to May 1996, Mr. Celano was a Senior Vice President of NatWest Bank (now Bank of America) after having held different positions at the bank for over 20 years. As a result of these and other professional experiences, Mr. Celano possesses particular knowledge and experience in financial services and management which strengthens the Board’s collective qualifications, skills, and experience.

Harvey Leibowitz

Mr. Harvey Leibowitz is Independent Director of Asta Funding, Inc., since March 2000. Mr. Leibowitz has served as a Senior Vice President of Sterling National Bank since June 1994. Prior to June 1994, Mr. Leibowitz was employed as a Senior Vice President and Vice President of several banks and financial institutions since 1963. As a result of these and other professional experiences, Mr. Leibowitz possesses particular knowledge and experience in financial services and management which strengthens the Board’s collective qualifications, skills, and experience.

Basic Compensation

Name Fiscal Year Total

Gary Stern

1,050,250

Arthur Stern

527,906

Robert Michel

305,604

Ricky Stern

--

Seth Berman

433,131

David Slackman

--

Louis Piccolo

--

Herman Badillo

--

Edward Celano

--

Harvey Leibowitz

--
As Of 29 Sep 2013

Options Compensation

Name Options Value

Gary Stern

1,279,334 25,855,601

Arthur Stern

499,334 9,166,581

Robert Michel

0 0

Ricky Stern

0 0

Seth Berman

7,000 40,320

David Slackman

0 0

Louis Piccolo

0 0

Herman Badillo

0 0

Edward Celano

0 0

Harvey Leibowitz

0 0
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