People: Lakes Entertainment Inc (LACO.W)

LACO.W on CBOE When Trading NASDAQ Global Select Market

3.33USD
20 May 2013
Price Change (% chg)

$0.28 (+9.18%)
Prev Close
$3.05
Open
$3.33
Day's High
$3.33
Day's Low
$3.33
Volume
100
Avg. Vol
13
52-wk High
$3.40
52-wk Low
$2.10

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Summary

Name Age Since Current Position

Lyle Berman

 70 2003 Chairman of the Board, Chief Executive Officer

Timothy Cope

 60 2007 President, Chief Financial Officer, Treasurer, Director

Larry Barenbaum

 65 2006 Independent Director

Ray Moberg

 63 2003 Independent Director

Neil Sell

 70 1998 Independent Director

Richard White

 58 2006 Independent Director

Janice Saeugling

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Biographies

Name Description

Lyle Berman

 Mr. Lyle Berman is Chairman of the Board, Chief Executive Officer of Lakes Entertainment, Inc., since June 1998. He served as Chairman of the Board of Directors of Grand Casinos, Inc. (the predecessor to Lakes) from October 1991 through December 1998. Mr. Berman served as President of Lakes from November 1999 until May 2003. Mr. Berman has also served as the Executive Chairman of the Board of WPT Enterprises, Inc. (now known as Voyager Oil & Gas, Inc.) from its inception in February 2002, and had served as its Chief Executive Officer from February 25, 2005 until April 1, 2005. Mr. Berman has also been Chairman of the Board of PokerTek, Inc. since January 2005. Mr. Berman also served as Chief Executive Officer of Rainforest Café, Inc. from February 1993 until December 2000.

Timothy Cope

 Mr. Timothy J. Cope is President, Chief Financial Officer, Treasurer, Director of Lakes Entertainment Inc. He has been President of Lakes Entertainment, Inc. since May 2003 and Chief Financial Officer, Treasurer, and a director of Lakes Entertainment since June 1998. Mr. Cope served as a director of WPT Enterprises, Inc. (now known as Voyager Oil & Gas, Inc.) from March 2002 through May 2009. Mr. Cope served as Secretary of Lakes Entertainment, Inc. from June 1998 through December 2007. Mr. Cope served as an Executive Vice President of Lakes Entertainment, Inc. from June 1998 until May 2003. Mr. Cope held the positions of Executive Vice President, Chief Financial Officer and Director of Grand Casinos, Inc. from 1993 through 1998.

Larry Barenbaum

 Mr. Larry C. Barenbaum is Independent Director of Lakes Entertainment, Inc., since February 2006. Mr. Barenbaum served as Chief Executive Officer of Christopher & Banks Corporation, a publicly held national specialty retailer of women’s apparel, from January 2011 until February 2012. Mr. Barenbaum served on the Christopher & Banks Corporation Board from March 1992 until February 2012. Since November 1991, Mr. Barenbaum has been engaged in investment activities and has provided consulting services to various companies in the specialty retail and services industry.

Ray Moberg

 Mr. Ray M. Moberg is Independent Director of Lakes Entertainment, Inc., since December 2003. Mr. Moberg retired from Ernst & Young in 2003 after serving for 33 years, including as managing partner of its Reno office from 1987 until his retirement. Mr. Moberg also served as a director of WPT Enterprises, Inc. (now known as Voyager Oil & Gas, Inc.) until April 2010.

Neil Sell

 Mr. Neil I. Sell is Independent Director of Lakes Entertainment, Inc., since June 1998. Since 1968, Mr. Sell has been engaged in the practice of law in Minneapolis, Minnesota with the firm of Maslon Edelman Borman & Brand, LLP, which in the past, had rendered legal services to Lakes.

Richard White

 Mr. Richard D. White is Independent Director of Lakes Entertainment, Inc., since December 2006. Mr. White has been a Managing Director and head of the Private Equity and Special Products Department of Oppenheimer & Co. Inc. since June 2004. From 2002 to June 2004, he served as President of Aeolus Capital Group LLC, a private equity and investment management firm. From 1985 until 2002, he was a Managing Director at CIBC Capital Partners, an affiliate of CIBC World Markets, and its predecessor firm, Oppenheimer & Co., Inc. During that time, Mr. White worked in both the Investment Banking and Private Equity Investing departments. Mr. White is a director of Escalade Inc., a manufacturer of sporting goods and office products; and G-III Apparel Group, Ltd. Mr. White also serves as Chairman of the Board of Mercury Energy, Inc., a solar energy systems integration company. From 2003 to 2008, Mr. White served as a director for ActivIdentity Corp.

Janice Saeugling

Basic Compensation

Name Fiscal Year Total

Lyle Berman

 799,049

Timothy Cope

 443,411

Larry Barenbaum

 --

Ray Moberg

 --

Neil Sell

 --

Richard White

 --

Janice Saeugling

 --
As Of 31 Dec 2011

Options Compensation

Name Options Value

Lyle Berman

 2,900,000 6,095,500

Timothy Cope

 699,541 1,028,805

Larry Barenbaum

 0 0

Ray Moberg

 0 0

Neil Sell

 0 0

Richard White

 0 0

Janice Saeugling

 0 0

Insider Trading

Name Shares Traded Price

MOBERG RAY M

 1,667 $0.00

COPE TIMOTHY J

 10,000 $0.00

BERMAN LYLE A

 10,000 $0.00

WHITE RICHARD D

 1,667 $0.00

BARENBAUM LARRY C

 1,667 $0.00

SELL NEIL I

 1,667 $0.00

BERMAN LYLE A

 549,984 $0.00
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