People: Felcor Lodging Trust Inc (FCH.N)
FCH.N on New York Stock Exchange
6.15USD
4:02pm EDT
6.15USD
4:02pm EDT
Price Change (% chg)
$0.11 (+1.82%)
$0.11 (+1.82%)
Prev Close
$6.04
$6.04
Open
$6.12
$6.12
Day's High
$6.19
$6.19
Day's Low
$6.10
$6.10
Volume
260,028
260,028
Avg. Vol
243,070
243,070
52-wk High
$6.46
$6.46
52-wk Low
$3.90
$3.90
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Thomas Corcoran |
64 | 2006 | Chairman of the Board |
Richard Smith |
50 | 2006 | President, Chief Executive Officer, Director |
Michael Hughes |
38 | 2013 | Chief Financial Officer, Senior Vice President, Treasurer |
Troy Pentecost |
51 | 2010 | Chief Operating Officer, Executive Vice President |
Michael DeNicola |
53 | 2001 | Chief Investment Officer, Executive Vice President |
Jonathan Yellen |
45 | 2006 | Executive Vice President, General Counsel, Secretary |
Robert Lutz |
63 | 2010 | Lead Independent Director |
Glenn Carlin |
52 | 2009 | Independent Director |
Robert Cotter |
61 | 2006 | Independent Director |
Christopher Hartung |
43 | 2010 | Independent Director |
Thomas Hendrick |
66 | 2007 | Independent Director |
Charles Ledsinger |
63 | 1997 | Independent Director |
Robert Mathewson |
49 | 2002 | Independent Director |
Mark Rozells |
51 | 2008 | Independent Director |
Stephen Schafer |
Vice President - Investor Relations |
Biographies
| Name | Description |
|---|---|
Thomas Corcoran |
Mr. Thomas J. Corcoran, Jr. is Chairman of the Board of Felcor Lodging Trust Incorporated. He served as the President and Chief Executive Officer of FelCor from its formation in 1994 until February 2006, when he became the Chairman of the Board. From 1991 to 1994, Mr. Corcoran served as the President and Chief Executive Officer of the general partner of the partnerships that were merged into FelCor at its formation. From October 1990 to December 1991, he served as the Chairman, President and Chief Executive Officer of Fiesta Foods, Inc., a manufacturer of tortilla chips and taco shells. From 1979 to 1990, Mr. Corcoran held various positions with ShowBiz Pizza Time, Inc. (now CEC Entertainment, Inc.), and with Integra - A Hotel and Restaurant Company (formerly Brock Hotel Corporation). He served as the President and Chief Executive Officer of Integra from 1986 to 1990. Mr. Corcoran has served as a director of Sammons Enterprises, Inc., a diversified portfolio investment company, since December 2010 (he currently chairs that board), and formerly served as the Chairman of the American Hospitality & Lodging Association. Mr. Corcoran graduated from Washburn University and received a law degree from the Washburn University School of Law. |
Richard Smith |
Mr. Richard A. Smith is President, Chief Executive Officer and Director of Felcor Lodging Trust Incorporated. Mr. Smith joined FelCor in November 2004 as its Executive Vice President and Chief Financial Officer and served as such until his promotion in February 2006. Mr. Smith previously served as Executive Vice President and Chief Financial Officer of Wyndham International, Inc. from April 2003 to November 2004. Mr. Smith served in management positions with Starwood Hotels & Resorts Worldwide, Inc., or Starwood, and Atlantic Richfield Company, and as an accountant with Coopers & Lybrand LLP. None of these companies is affiliated with FelCor. Mr. Smith currently serves on the National Corporate Development Committee of Autism Speaks. Mr. Smith is a graduate of the University of Tennessee. |
Michael Hughes |
Mr. Michael C. Hughes has been appointed as Chief Financial Officer, Senior Vice President, Treasurer of Felcor Lodging Trust Inc., with effective June 30, 2013. Mr. Hughes joined the Company in May 2006 as Vice President, Finance, was elected its Treasurer in February 2009 and promoted to Senior Vice President in February 2013. Prior to joining FelCor, Mr. Hughes was Vice President of Corporate Finance at Wyndham International, Inc., which he joined as a senior analyst in 2002. Mr. Hughes previously was a business consultant with Maverick Management. He was awarded a bachelor's degree in business from Rhodes College in Memphis, Tennessee and is a holder of the Charter Financial Analyst® designation. |
Troy Pentecost |
Mr. Troy A. Pentecost is Chief Operating Officer, Executive Vice President of FelCor Lodging Trust Incorporated. Mr. Pentecost, a hospitality veteran with over 30 years of industry experience, joined FelCor as Executive Vice President and Director of Asset Management in March 2006, and was promoted to Chief Operating Officer in August 2010. He was Senior Vice President of Operations and Divisional Vice President of Operations for Remington Hotel Corporation from 2004 to 2006, where he was responsible for that company’s operational and sales activity. Prior to joining Remington, Mr. Pentecost was employed by Wyndham International, Inc. in various management roles, including Regional Vice President, Area Director and General Manager, from 1993 to 2004. Mr. Pentecost also previously worked with Guild Hotel Management Company, where he served as Regional Vice President and Director of Operations. Mr. Pentecost attended Bowling Green State University. Mr. Pentecost currently serves on owner and/or franchisee councils for various brands, including Sheraton, Doubletree and Marriott. |
Michael DeNicola |
Mr. Michael A. DeNicola is Chief Investment Officer, Executive Vice President of Felcor Lodging Trust Incorporated. Mr. DeNicola has more than 30 years experience in the hospitality industry. Prior to joining FelCor, he was a Principal and the Head of the Lodging and Leisure Group for Lend Lease Real Estate Investments. From 1992 to 2000, Mr. DeNicola held a number of leadership positions with Carlson Hospitality Worldwide, including Executive Vice President of Carlson Vacation Ownership, Senior Vice President of Planning, Mergers and Acquisitions, and Vice President of Operations. Prior to 1992, he served as Senior Manager and Director of Hospitality Services for Kenneth Leventhal and Company and Vice President of Hotel Investments for VMS Realty Partners. Mr. DeNicola graduated from Cornell University’s School of Hotel Administration. |
Jonathan Yellen |
Mr. Jonathan H. Yellen is Executive Vice President, General Counsel, Secretary of Felcor Lodging Trust Incorporated. Prior to joining FelCor, Mr. Yellen was engaged in the private practice of law, from August 2003 to June 2006, with Damon & Morey LLP in Buffalo, New York, and from January 2001 to July 2003 in solo practice in New York City, specializing in mergers and acquisitions, corporate finance and securities law. Prior to that time, Mr. Yellen served as Executive Vice President and General Counsel of Digital Lighthouse Corporation and Vice President and Associate General Counsel of Starwood Hotels & Resorts Worldwide, Inc., and was engaged in the private practice of law in New York with Fried Frank Harris Shriver & Jacobson LLP, and in New York and California with Latham & Watkins LLP. Mr. Yellen served as a director (and chaired the Audit Committee) of Avadyne Health, a privately-held provider of health care receivable management services to hospitals and other providers throughout the United States, from 2006 to 2011. He serves as a director of various community agencies, including Vogel Alcove and Jewish Service of Dallas, and is a member of various professional and industry organizations, including the American Bar Association and the National Association of Real Estate Investment Trusts. Mr. Yellen is a graduate of Amherst College, Columbia University School of Law (where he was a Harlan Fiske Stone Scholar) and Georgetown University Law Center. |
Robert Lutz |
Mr. Robert H. Lutz, Jr. serves as the Lead Independent Director of Felcor Lodging Trust Incorporated. Mr. Lutz has served as a director of FelCor since merger in July 1998 with Bristol Hotel Company, where he formerly had served as a director. Mr. Lutz is currently FelCor’s Lead Independent Director and has served in that capacity since May 2010. Since March 2012, Mr. Lutz has served as Chairman of the Board of Directors, President and Chief Executive Officer of Wound Management Technologies, Inc., a innovation in advanced wound care solutions. Mr. Lutz is also the President of Lutz Investments LP, which is not affiliated with FelCor, through which he holds and manages a variety of investments. From 1994 until 2000, Mr. Lutz served as the Chairman and Chief Executive Officer, and a member of the executive committee, of Amresco, Inc., a financial services company. From 1991 to 1994, Mr. Lutz served as President and Chief Operating Officer of Balcor/Allegiance Realty Group, a subsidiary of the American Express Company engaged in real estate ownership and management. None of these companies is affiliated with FelCor. Mr. Lutz is a graduate of Furman University and holds a Masters of Business Administration from Georgia State University. |
Glenn Carlin |
Mr. Glenn A. Carlin, CPA is Independent Director of FelCor Lodging Trust Incorporated. In October 2009, Mr. Carlin became Senior Managing Director and Group Head of CBRE Capital Advisors, Inc., the investment banking and advisory affiliate of CBRE Group, Inc., a global real estate services company. From 1992 to 2009, Mr. Carlin was employed by J.P. Morgan Securities Inc. and its predecessors, serving in a variety of capacities, most recently as a Managing Director and Head of Lodging & Gaming - Real Estate Investment Banking. Mr. Carlin previously worked at HVS Financial Services, Morgan Stanley Realty Incorporated and Arthur Andersen & Co. Mr. Carlin is a director of Twin River Worldwide Holdings, Inc., which indirectly owns and operates the Twin River Casino in Lincoln, Rhode Island. None of these companies is affiliated with FelCor. Mr. Carlin holds a Bachelors of Science in Economics from the Wharton School at the University of Pennsylvania and obtained a Masters of Business Administration from Columbia Business School. |
Robert Cotter |
Mr. Robert F. Cotter is Independent Director of Felcor Lodging Trust Incorporated. Mr. Cotter founded Cotter and Cotter Inc., a hospitality consultancy in 2010. He was, from March 2007 until his retirement in 2008, President and a director of Kerzner International Holdings Limited, or Kerzner, a developer and operator of luxury hotels and resorts. Prior to joining Kerzner, Mr. Cotter served as President and Chief Operating Officer for Starwood from 2003 through his retirement from Starwood in December 2005. Neither Kerzner nor Starwood are affiliated with FelCor, although Starwood manages five of FelCor’s hotels and co-owns one of FelCor’s hotels. He spent most of his 35-year career with Starwood and its predecessors and was named Chief Operating Officer in 2000, after serving as President, International Operations, and President and Chief Operating Officer, Europe. Mr. Cotter is also a member of the Board of Trustees of Boston College, from which he graduated. |
Christopher Hartung |
Mr. Christopher J. Hartung is Independent Director of Felcor Lodging Trust Inc. He currently serves as a director at Lazard Asset Management, or Lazard. Prior to the sale of Grubb & Ellis Alesco Advisors, or Grubb & Ellis, to Lazard, he served as Senior Advisor to Grubb & Ellis. He most recently served as Managing Director, Real Estate Investment Banking of Wells Fargo Securities/Eastdil Secured, a real estate investment banking firm, from 2004 to 2010, where he provided investment banking services to public and private real estate companies. Mr. Hartung has also served as Managing Director, Real Estate Equity Research at WR Hambrecht & Co. from 2002 to 2004; Chief Strategy Officer at iBuilding, Inc. from 2001 to 2002; Managing Director and Group Head, Real Estate Equity Research at Banc of America Securities from 1996 to 2000; and has also served in various capacities at J.P. Morgan & Co. from 1990 to 1996. None of these companies is affiliated with FelCor. Mr. Hartung is currently or has been a member of various professional organizations in the real estate industry, including the Urban Land Institute, Lambda Alpha International, International Council of Shopping Centers and the National Association of Real Estate Investment Trusts. Mr. Hartung has previously served on the Advisory Board for the Fisher Center for Real Estate at the Haas School of Business at the University of California at Berkeley. Mr. Hartung graduated from Cornell University. |
Thomas Hendrick |
Mr. Thomas C. Hendrick is Independent Director of Felcor Lodging Trust Incorporated since February 2007. He is currently President and Chief Executive Officer of TCH Partners, Inc., a developer of luxury, mixed-use commercial real estate projects in the U.S., Mexico and Latin America. Mr. Hendrick formerly served as President of Sagewood Partners, LLC, a developer of high-end, mixed-use real estate projects, from December 2007 through July 2009, and the Executive Vice President of Acquisitions and Development for the Kor Group, or Kor, a privately held investment, development and management firm, from November 2006 to November 2007, where he oversaw hotel and resort acquisitions, development opportunities and third-party management agreements on a worldwide basis. Prior to his work with Kor, Mr. Hendrick served in senior development positions for Mandarin Oriental Hotel Group from 2002 to 2006, Rosewood Hotels & Resorts from 1998 to 2002, and prior to that, Regent International Hotels as Vice President of Development, Mariner Hotels (currently Remington Hotels) as Executive Vice President of Development, and Wyndham Hotels & Resorts as Regional Vice President of Development. None of these companies is affiliated with FelCor. Mr. Hendrick graduated from Southeast Missouri State University and holds a Masters of Business Administration from the University of North Florida. |
Charles Ledsinger |
Mr. Charles A. Ledsinger, Jr., serves as the Independent Director of Felcor Lodging Trust Inc since November 1997. He currently serves as the Chairman and Managing Director of SunBridge Capital Management, L.L.C. From September 2006 to May 2009, Mr. Ledsinger served as Vice Chairman of Choice Hotels International, Inc., or Choice, the parent company of Choice Hotels International, where Mr. Ledsinger served as President and Chief Executive Officer from August 1998 to his retirement in 2009. Choice globally franchises more than 6,000 predominantly midscale hotels and is not affiliated with FelCor. Prior to August 1998, Mr. Ledsinger served as Senior Vice President and Chief Financial Officer of St. Joe Corporation from May 1997 until his election as President and Chief Operating Officer of that company in company in February 1998. Prior to 1998, Mr. Ledsinger served in management positions at several lodging and gaming companies. For more than three years prior to that, Mr. Ledsinger served as Senior Vice President and Chief Financial Officer of The Promus Companies Incorporated, the former parent of Harrah’s Entertainment, Inc. He is currently a director of Darden Restaurants, Inc. and formerly served as a director of Choice until 2009 and TBC Corporation until 2005. Mr. Ledsinger also serves as chairman of the boards of directors of two privately-held companies: Realty Investment Company, Inc., an operating and investment company, and Sunburst Hospitality Corporation, a hotel and real estate operator. None of these companies is affiliated with FelCor. Mr. Ledsinger also currently serves as a director of various community and educational institutions, and is the Rector (Chairman) of the Board of Trustees at the University of Richmond. Mr. Ledsinger is a graduate of the University of Virginia and holds a Masters of Business Administration from the University of Memphis. |
Robert Mathewson |
Mr. Robert A. Mathewson serves as the Independent Director of Felcor Lodging Trust Incorporated since May 2002. Since 1992, Mr. Mathewson has been the President of RGC, Inc., a privately-owned real estate investment company that invests primarily in hotels and other commercial real estate. RGC, Inc. and its affiliates have been investors in FelCor and its predecessors since 1993. In addition, from 1999 to 2000, Mr. Mathewson served as the Vice President of Business Development for Televoke Inc., an internet application service provider focusing on web, wireless and telephony integration. Mr. Mathewson serves as a director of Grill Concepts, Inc. and formerly served as a director of International Gaming Technology until 2011. None of these companies is affiliated with FelCor. Mr. Mathewson is a graduate of the University of California at Berkeley and holds a law degree from the University of California Hastings College of Law and a Masters of Business Administration from the Haas School of Business at the University of California at Berkeley. |
Mark Rozells |
Mr. Mark D. Rozells is Independent Director of Felcor Lodging Trust Incorporated since March 2008. Since November 2010, Mr. Rozells has served as Executive Vice President and Chief Financial Officer of FRHI. FRHI is not affiliated with FelCor. He is, and has been since October 2006, the founder and President of Inversiones Latinoamericanas S.A., a private real estate investment and development company. From September 2005 to October 2006, Mr. Rozells served as Managing Director of Procinea Management LLC, a privately-held start-up investment firm focused on developing investment and financing strategies for non-traditional assets, including motion picture, television and electronic game content. From June 2003 to July 2005, Mr. Rozells served as President and Chief Executive Officer of DMX Music, Inc., a provider of music and in-store entertainment services via cable, satellite and the internet. In February 2005, DMX Music, Inc. filed for protection under Chapter 11 of the U.S. Bankruptcy Code. From April 2000 to June 2003, Mr. Rozells served as Executive Vice President and Chief Financial Officer of Liberty Digital, Inc., a publicly-held new media and music content production and distribution company that was majority-owned by Liberty Media Corporation. Mr. Rozells also previously served in management with Starwood, The Walt Disney Company, Imperial Corporation of America and Allied Signal, Inc. None of these companies is affiliated with FelCor. Mr. Rozells graduated from Yale College and is a Chartered Financial Analyst. |
Stephen Schafer |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Thomas Corcoran |
1,560,940 |
Richard Smith |
1,759,170 |
Michael Hughes |
-- |
Troy Pentecost |
794,639 |
Michael DeNicola |
738,501 |
Jonathan Yellen |
738,501 |
Robert Lutz |
-- |
Glenn Carlin |
-- |
Robert Cotter |
-- |
Christopher Hartung |
-- |
Thomas Hendrick |
-- |
Charles Ledsinger |
-- |
Robert Mathewson |
-- |
Mark Rozells |
-- |
Stephen Schafer |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Thomas Corcoran |
354,953 | 0 |
Richard Smith |
0 | 0 |
Michael Hughes |
0 | 0 |
Troy Pentecost |
0 | 0 |
Michael DeNicola |
100,000 | 78,000 |
Jonathan Yellen |
0 | 0 |
Robert Lutz |
0 | 0 |
Glenn Carlin |
0 | 0 |
Robert Cotter |
0 | 0 |
Christopher Hartung |
0 | 0 |
Thomas Hendrick |
0 | 0 |
Charles Ledsinger |
0 | 0 |
Robert Mathewson |
0 | 0 |
Mark Rozells |
0 | 0 |
Stephen Schafer |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
LUTZ ROBERT H JR |
2,600 | $5.63 |
HENDRICK THOMAS C |
5,000 | $5.92 |
WELCH ANDREW J |
30,000 | $6.29 |
HENDRICK THOMAS C |
5,700 | $6.00 |
HENDRICK THOMAS C |
300 | $5.99 |
HENDRICK THOMAS C |
4,600 | $5.26 |
HENDRICK THOMAS C |
5,400 | $5.25 |
LUTZ ROBERT H JR |
2,900 | $5.08 |
LUTZ ROBERT H JR |
100 | $5.05 |
CORCORAN THOMAS J JR |
10,189 | $5.05 |
SYMES JEFFREY D |
2,354 | $5.05 |
CORCORAN THOMAS J JR |
20,403 | $5.17 |
SYMES JEFFREY D |
4,713 | $5.17 |
CARLIN GLENN A |
200 | $4.84 |
SYMES JEFFREY D |
12,783 | $4.94 |
CARLIN GLENN A |
2,500 | $4.84 |
CARLIN GLENN A |
7,300 | $4.84 |
CORCORAN THOMAS J JR |
55,337 | $4.94 |
WELCH ANDREW J |
4,000 | $0.00 |
WELCH ANDREW J |
4,000 | $0.00 |
SMITH RICHARD ALLEN |
48,600 | $4.65 |
YELLEN JONATHAN H |
14,580 | $4.65 |
WELCH ANDREW J |
14,580 | $4.65 |
DENICOLA MICHAEL A |
14,580 | $4.65 |
PENTECOST TROY A |
14,580 | $4.65 |

