People: Hatteras Financial Corp (HTS)

HTS on New York Consolidated

18.17USD
1 Oct 2014
Price Change (% chg)

$0.21 (+1.17%)
Prev Close
$17.96
Open
$17.99
Day's High
$18.26
Day's Low
$17.98
Volume
974,445
Avg. Vol
816,114
52-wk High
$20.49
52-wk Low
$16.17

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Summary

Name Age Since Current Position

Michael Hough

Chairman of the Board, Chief Executive Officer

Benjamin Hough

49 President, Chief Operating Officer, Director

Mark Collinson

Senior Partner, IR Contact Officer

Kenneth Steele

50 2007 Chief Financial Officer, Treasurer, Secretary

Frederick Boos

60 2013 Executive Vice President, Chief Investment Officer

Jeffrey Miller

43 2011 Lead Independent Director

David Berson

59 2007 Independent Director

Ira Kawaller

64 2007 Independent Director

Vicki McElreath

64 2014 Independent Director

Thomas Wren

62 2007 Independent Director

Biographies

Name Description

Michael Hough

Mr. Michael R. Hough is Chairman of the Board, Chief Executive Officer of Hatteras Financial Corp. Mr. Hough is the chief executive officer of the company manager. Mr. Hough is a co-founder and director of the company manager and ACM Financial Trust, Inc., a private mortgage real estate investment trust managed by the company manager (“ACM”). Since founding ACM in 1998, Mr. Hough has been responsible for managing all aspects of the operations and growth of ACM. From 1988 to 1997, Mr. Hough was a principal and founding member of First Winston Securities, Inc., a regional fixed-income broker-dealer where he was head of taxable trading and sales. From 1983 to 1987, Mr. Hough worked as a taxable trader in the fixed income department of Wachovia Bank N.A. He holds a B.A. degree in economics from Wake Forest University.

Benjamin Hough

Mr. Benjamin M. Hough is President, Chief Operating Officer, Director of Hatteras Financial Corp. Mr. Hough is the president and chief operating officer of the company manager. Mr. Hough is a co-founder and has been a director of the company manager and ACM since 2007 and 2001, respectively. From 1997 to 2001, he was the head of the BB&T Capital Markets office in Winston-Salem, NC where he was vice president of institutional fixed income sales and trading. From 1995 to 1997, Mr. Hough was the head of the First National Bank of Maryland office in Washington, DC where he served as vice president of fixed income sales. Prior to that, Mr. Hough was vice president of NationsBanc Capital Markets, previously American Security Bank, in institutional fixed income trading and sales. Mr. Hough holds a B.A. degree in economics from the University of North Carolina at Chapel Hill.

Mark Collinson

Kenneth Steele

Mr. Kenneth A. Steele is Chief Financial Officer, Treasurer, Secretary of Hatteras Financial Corp., since September 2007. Since September 2002, Mr. Steele has also been the chief financial officer, secretary and treasurer of ACM. Prior to joining ACM, Mr. Steele had been a senior manager with Dixon Odom PLLC, an accounting firm, where he specialized in real estate, financial institutions, and mergers and acquisitions since 1991. He was responsible for the firm’s real estate investment trust tax work and for public and private real estate investment partnerships. He also provided consulting services related to corporate finance, commercial and residential development, and equity investment. A certified public accountant, Mr. Steele earned a Masters of Accounting from the Kenan Flagler Business School at the University of North Carolina at Chapel Hill and a B.S. degree in Business Administration from the University of North Carolina at Chapel Hill.

Frederick Boos

Mr. Frederick J. Boos, II, is Executive Vice President, Chief Investment Officer of Hatteras Financial Corp. He is no longer Co-Chief Investment Officer of the Company effective September 30, 2013. Mr. Boos is the executive vice president and co-chief investment officer of manager and has been executive vice president and co-chief investment officer since September 2007. Since March 2006, Mr. Boos has been the executive vice president and chief investment strategist of ACM. Prior to joining ACM, Mr. Boos had been an executive vice president and director of asset liability and capital management for MBNA America from 2003 to 2006. Mr. Boos has previously served as senior vice president and investment portfolio manager for multiple regional banks including Maryland National Bank, First National Bank of Maryland, Shawmut National Bank and American Security Bank. His prior bank treasury responsibilities include liquidity and risk management, capital management, economic capital planning, residential mortgage portfolio management as well as numerous bank ALCO Directorships. He holds a Masters of Business Administration from American University and a B.S. in finance from the University of Maryland, College Park.

Jeffrey Miller

Mr. Jeffrey D. Miller is Lead Independent Director of Hatteras Financial Corp. Since March 2007, Mr. Miller has served as vice president, general counsel and secretary of Highwoods Properties, Inc. (NYSE: HIW). Prior to joining Highwoods Properties, Inc., Mr. Miller was a partner with the law firm of DLA Piper LLP (US) where he concentrated his practice on securities, corporate governance and related strategic matters, and served as general outside counsel to a variety of publicly-traded real estate investment trusts. Prior to that, Mr. Miller was a partner with the law firm of Alston & Bird LLP. Mr. Miller holds a B.A. from Pennsylvania State University and a J.D. and M.B.A. from Wake Forest University. He is admitted to practice law in North Carolina.

David Berson

Dr. David W. Berson, Ph.D., is Independent Director of Hatteras Financial Corp., since November 2007. Dr. Berson serves as senior vice president and chief economist for Nationwide Mutual Insurance Company, where he leads a team of economic analysts delivering economic forecasts and analyses. Prior to joining Nationwide Mutual Insurance Company, Dr. Berson served as senior vice president, chief economist and strategist at The PMI Group from 2007 to 2012, where he was responsible for analyses and forecasts of the economy, housing and mortgage markets; domestic/global research and planning; and strategic planning. Prior to joining The PMI Group, Dr. Berson was vice president and chief economist at Fannie Mae. Prior to that, Dr. Berson was a senior economist at the U.S. League of Savings Institutions. In addition, Dr. Berson was the chief financial economist at Wharton Econometrics, a visiting scholar at the Federal Reserve Bank of Kansas City and an assistant professor of economics at Claremont McKenna College and Claremont Graduate School. His U.S. government experience includes staff economist at the Council of Economic Advisors and economic analyst at the Treasury Department. Dr. Berson holds a Ph.D. in economics and an M.P.P. in public policy from the University of Michigan and a B.A. in history and economics from Williams College.

Ira Kawaller

Dr. Ira G. Kawaller, Ph.D., is Independent Director of Hatteras Financial Corp., since November 2007. Dr. Kawaller has served as founder and president of Kawaller & Co., LLC, where his consulting activities have specialized in assisting commercial enterprises in their use of derivative instruments in managing their financial risk. In addition to his consulting activities, from 2004 to 2011, Dr. Kawaller also served as the managing partner of the Kawaller Fund, a derivatives-only commodity pool. Prior to founding Kawaller & Co., LLC, Dr. Kawaller was the vice president and director of the New York office of the Chicago Mercantile Exchange and held positions at J. Aron & Company, AT&T, and the Board of Governors of the Federal Reserve System. Over the course of his career, Dr. Kawaller has been a member of the Financial Accounting Standards Board’s Derivatives Implementation Group and the Government Accounting Standards Board’s Derivative Instrument Task force on Derivatives and Hedging. He has also been a member of the board of the International Association of Financial Engineers. Dr. Kawaller has held adjunct professorships at Columbia University and Polytechnic University. He received a Ph.D. in Economics from Purdue University.

Vicki McElreath

Ms. Vicki W. McElreath has been appointed as Independent Director of the Company, effective June 1, 2014. Ms. McElreath served as a managing partner of PricewaterhouseCoopers LLP (“PwC”) from 1999 until her retirement in June 2006. She joined Price Waterhouse, one of the predecessor firms of PwC, in 1979 and was admitted to the partnership in 1990. Ms. McElreath has served as a director of Piedmont Natural Gas Company, Inc. (NYSE:PNY) since 2006 and as chair of its audit committee since 2008. She also has served as a director of RBC Bank (USA), a subsidiary of The Royal Bank of Canada, since 2012, and serves as chair of its audit and risk committees. In addition, she previously served as a director of RBC Bank, Inc., where she chaired its audit committee and served on its trust and compliance committees. Ms. McElreath is a Certified Public Accountant (inactive) and holds a bachelor’s degree in business administration from Georgia State University with a major in accounting.

Thomas Wren

Mr. Thomas D. Wren is Independent Director of Hatteras Financial Corp., since November 2007. Mr. Wren is also a director and shareholder of ACM. Mr. Wren was the treasurer of MBNA America and served as director of funds management in the treasury division. As a group executive and treasurer, Mr. Wren oversaw the company’s investment and funding activities including liquidity management, investment portfolio management, structured finance, and all related capital market programs. He currently serves on the board of directors and the investment committee for the Delaware Community Foundation. He is a member of the finance committee and serves as chairman of the investment committee of the Christiana Care Health System. In addition, Mr. Wren serves on the board of directors and chairs the audit committees for Brandywine, Brandywine Blue and Brandywine Advisors, domestic mutual funds managed by Freiss Associates, LLC. Previously, Mr. Wren served as a member of the board of directors, as well as the audit and executive committees of Citibank (South Dakota), N.A., a wholly-owned subsidiary of Citigroup, Inc. Prior to joining MBNA America, Mr. Wren was chief investment and funding officer for Shawmut National Corporation. Prior to that, Mr. Wren worked for the Comptroller of the Currency (“OCC”) for 18 years, which included managing the OCC’s London operation.

Basic Compensation

Name Fiscal Year Total

Michael Hough

1,740,190

Benjamin Hough

1,568,040

Mark Collinson

--

Kenneth Steele

911,784

Frederick Boos

605,559

Jeffrey Miller

--

David Berson

--

Ira Kawaller

--

Vicki McElreath

--

Thomas Wren

--
As Of 30 Dec 2013

Options Compensation

Name Options Value

Michael Hough

24,300 243,972

Benjamin Hough

21,262 213,470

Mark Collinson

0 0

Kenneth Steele

15,188 152,479

Frederick Boos

8,100 81,324

Jeffrey Miller

0 0

David Berson

0 0

Ira Kawaller

0 0

Vicki McElreath

0 0

Thomas Wren

0 0
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