People: Asta Funding Inc (ASFI.O)

ASFI.O on Nasdaq

9.11USD
17 May 2013
Price Change (% chg)

$-0.18 (-1.94%)
Prev Close
$9.29
Open
$9.30
Day's High
$9.34
Day's Low
$9.05
Volume
26,627
Avg. Vol
23,740
52-wk High
$10.49
52-wk Low
$7.95

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Summary

Name Age Since Current Position

Gary Stern

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

Arthur Stern

 91 2009 Chairman Emeritus

Robert Michel

 55 2009 Chief Financial Officer

Mary Curtin

 50 2008 Senior Vice President

Seth Berman

 50 2011 General Counsel

David Slackman

 65 2008 Lead Independent Director

Herman Badillo

 83 1995 Independent Director

Edward Celano

 74 1995 Independent Director

Harvey Leibowitz

 78 2000 Independent Director

Louis Piccolo

 61 2004 Independent Director
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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 inception in July 1994. Mr. Stern assumed the role of Chairman in January 2009. Mr. Stern has 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.

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.

Robert Michel

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

Mary Curtin

 Ms. Mary L. Curtin is Senior Vice President of Asta Funding, Inc. Ms. Curtin was appointed as Senior Vice President on January 8, 2008. Prior to this, from 2003 to January 7, 2008, she served as Vice President of Operations. Prior to joining the Company, Mary Curtin spent 10 years in analytical and operational capacities within the financial industry.

Seth Berman

 Mr. Seth Berman, Esq., is General Counsel of Asta Funding Inc. 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.

Herman Badillo

 Mr. Herman Badillo is Independent Director of Asta Funding,Inc., since September 1995. He has been Of Counsel at Sullivan Papain Block McGrath & Cannavo P.C. since 2005. Prior to joining his current firm, Mr. Badillo was a founding member of Fischbein, Badillo, Wagner & Harding, a law firm located in New York City, for more than six years. 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.

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 formally a consultant with M.R. Weiser & Co., 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.

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.

Louis Piccolo

 Mr. Louis A. Piccolo is Independent Director of Asta Funding, Inc., since June 2004. Mr. Piccolo has served as President of A.L. Piccolo & Co., Inc., since 1988. A.L. Piccolo & Co. is a business consulting firm specializing in management and financial consulting. Prior to 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.

Basic Compensation

Name Fiscal Year Total

Gary Stern

 1,815,680

Arthur Stern

 527,906

Robert Michel

 545,494

Mary Curtin

 455,033

Seth Berman

 470,034

David Slackman

 --

Herman Badillo

 --

Edward Celano

 --

Harvey Leibowitz

 --

Louis Piccolo

 --
As Of 29 Sep 2012

Options Compensation

Name Options Value

Gary Stern

 1,279,334 25,855,601

Arthur Stern

 499,334 9,166,581

Robert Michel

 0 0

Mary Curtin

 3,333 62,260

Seth Berman

 0 0

David Slackman

 0 0

Herman Badillo

 0 0

Edward Celano

 0 0

Harvey Leibowitz

 0 0

Louis Piccolo

 0 0

Insider Trading

Name Shares Traded Price

STERN GARY

 102,321 $0.00

STERN ARTHUR

 30,000 $4.73

SLACKMAN DAVID S

 6,667 $9.22

LEIBOWITZ HARVEY

 10,000 $9.21

STERN GARY

 60,000 $4.73

LEIBOWITZ HARVEY

 10,000 $4.73

SLACKMAN DAVID S

 6,667 $4.73

BERMAN SETH

 12,500 $9.37

BERMAN SETH

 12,500 $2.95

MICHEL ROBERT J

 7,500 $8.24

MICHEL ROBERT J

 7,500 $8.66

MICHEL ROBERT J

 15,000 $2.95

MICHEL ROBERT J

 6,502 $8.81

CURTIN MARY L

 3,600 $8.26
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