People: Lincoln Educational Services Corp (LINC.O)

Summary

Name	Age	Since	Current Position
Alexis Michas	55	2011	Non-Executive Chairman of the Board
Shaun McAlmont	46	2010	President, Chief Executive Officer, Director
Cesar Ribeiro	47	2011	Chief Financial Officer, Executive Vice President, Treasurer
Scott Shaw	49	2012	Chief Operating Officer, Executive Vice President
Piper Jameson	51	2011	Executive Vice President, Chief Marketing Officer
Paul Glaske	79		Lead Independent Director
James Burke	60	1999	Director
Alvin Austin	69	2010	Independent Director
Peter Burgess	70	2004	Independent Director
Celia Currin	63	2006	Independent Director
Charles Kalmbach	65	2008	Independent Director
J. Barry Morrow	59	2006	Independent Director

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Biographies

Name	Description
Alexis Michas	Mr. Alexis P. Michas is Non-Executive Chairman of the Board of Lincoln Educational Services Corporation, since January 1, 2011. Mr. Michas is the founder and Managing Partner of Juniper Investment Company, LLC since 2008. Juniper is also a Principal of Aetolian Investors, LLC, a registered Commodity Pool Operator. He has also been the Managing Partner and a director of Stonington Partners, Inc., an investment management firm since 1994. Mr. Michas received an A.B. from Harvard University and an M.B.A. from Harvard University Graduate School of Business Administration. Mr. Michas also is a director of BorgWarner Inc. and PerkinElmer, Inc. Mr. Michas also served as a director of AirTran Airways, Inc., until that company’s sale to Southwest Airlines, Inc. on May 2, 2011.
Shaun McAlmont	Mr. Shaun E. McAlmont is President, Chief Executive Officer and Director of Lincoln Educational Services Corporation. He joined the company in 2005. Prior to taking this position, Mr. McAlmont served as Chief Operating Officer, Executive Vice President and Group Vice President of the Company. Prior to joining Lincoln, Mr. McAlmont spent six years as an executive with the Alta Colleges Corporation serving as President of Westwood College Online and prior to that as a Regional Vice President for Alta. Mr. McAlmont earned his B.S. from Brigham Young University and his M.A. in Education from the University of San Francisco.
Cesar Ribeiro	Mr. Cesar Ribeiro is Chief Financial Officer, Executive Vice President, Treasurer of Lincoln Educational Services Corporation. He joined the Company in 2004. From September 2002 through June 2004, Mr. Ribeiro was self-employed providing both consulting services and private money management services. Prior to that, he was an audit partner with Arthur Andersen LLP, where he had been since 1987. Mr. Ribeiro holds a B.S. from Rutgers University.
Scott Shaw	Mr. Scott M. Shaw is Chief Operating Officer, Executive Vice President of Lincoln Educational Services Corp., since March 29, 2012. Prior to taking this position, Mr. Shaw served as Executive Vice President and Chief Administrative Officer and Senior Vice President of Strategic Planning and Business Development. Prior to joining Lincoln, Mr. Shaw was a partner at Stonington Partners, Inc., where he had been since 1994. As a partner at Stonington, Mr. Shaw was responsible for identifying, evaluating and acquiring companies and then assisting in the oversight of these companies through participation on the board of directors. In addition, Mr. Shaw worked closely with senior management to develop long-term strategic plans, to evaluate acquisition and new investment opportunities, to assist with refinancings, and to execute on the final sale of the company either to the public or to another company. Mr. Shaw also served as a consultant to Merrill Lynch Capital Partners Inc., a private investment firm associated with Merrill Lynch & Co., Inc. from 1994 through 2000. Mr. Shaw holds an M.B.A. from the Wharton School of Business and a B.A. from Duke University.
Piper Jameson	Ms. Piper P. Jameson is Executive Vice President and Chief Marketing Officer of Lincoln Educational Services Corporation. Ms. Jameson joined the Company in 2006. Ms. Jameson’s responsibilities include Marketing and Advertising, Admissions and Career Services for all of the campuses. Ms. Jameson has over 18 years’ experience in higher-education and was formerly the Senior Vice President of Marketing for Universal Technical Institute. She holds a B.S. both in Business Management and in Marketing from the University of Phoenix, and an M.A. from Seton Hall University in Strategic Communication and Leadership.
Paul Glaske	Mr. Paul E. Glaske is Lead Independent Director of Lincoln Educational Services Corporation. Mr. Glaske was Chairman and Chief Executive Officer from April 1992 until his retirement in 1999 of Blue Bird Corporation, a manufacturer of school buses, motorhomes and a variety of other vehicles. He currently serves on the board of directors of Camcraft, Inc. and Energy Transfer Partners. He is also on the Senior Council of the Texas Association of Business. Mr. Glaske earned his B.S. in Business Administration from Bob Jones University and his M.B.A. from Pepperdine University. In the past five years, Mr. Glaske also served as a director of BorgWarner Inc.
James Burke	Mr. James J. Burke, Jr., is Director of Lincoln Educational Services Corporation, since 1999. He is the founder and managing member of J Burke Capital Partners LLC, a private investment firm, since 2007. He was also the co-founder, partner and director of Stonington Partners, Inc. since 1994. He received a B.A. from Brown University and an M.B.A with Distinction from Harvard University Graduate School of Business Administration. Mr. Burke also serves on the board of directors of ANN Inc., a number of privately owned companies and several non-profit organizations. Mr. Burke brings financial and business knowledge to the board through his engagement in private equity investing since 1981. For 19 years, he was also a director of Educational Management Corporation, a publicly-traded provider of career education.
Alvin Austin	Mr. Alvin O. Austin is Independent Director of Lincoln Educational Services Corporation, since February 25, 2010. Mr. Austin has over 40 years of experience in higher education, which includes his tenure as President and Chancellor of LeTourneau University in Longview, Texas, where the institution grew its academic programs, funding levels, and campus footprint under his leadership. Prior to that role, he served as Vice President at North Park College and Seminary, Chicago, Illinois, and at Seattle Pacific University. In addition, he was the Dean of Student Programs at California State University, Northridge, California. He was a member of the Commission on Colleges of the Southern Association of Colleges and Schools and a member of the Executive Committee of the Commission. He is also involved in numerous non-profit and community organizations. Mr. Austin earned his Ph.D in Higher Education Administration at the University of Mississippi, Master of Arts in Education at the California State University, and Master Studies and Secondary Teaching Credential at the University of California at Santa Barbara.
Peter Burgess	Mr. Peter S. Burgess, CPA, is Independent Director of Lincoln Educational Services Corporation, since July 2004. In 1999, Mr. Burgess retired from Arthur Andersen LLP where he was an accounting and business advisory partner serving numerous manufacturing, insurance and financial services enterprises. Following his retirement, he has provided consulting services specializing in litigation support, mergers and acquisitions and Audit Committee responsibilities under securities exchange requirements and the Sarbanes-Oxley Act. Mr. Burgess is also a director of Symetra Financial Corporation and a trustee and chair of the audit committee of John Hancock Trust and Funds II. Mr. Burgess earned a B.S. in Business Administration from Lehigh University. He previously served on the board of directors of PMA Capital Corporation.
Celia Currin	Ms. Celia H. Currin is Independent Director of Lincoln Educational Services Corporation since February 2006. Ms. Currin is the founder and CEO of BenchStrength Marketing, a marketing consultancy group working with solo professionals and small businesses. Prior to founding BenchStrength in 2003, Ms. Currin spent 25 years in a variety of senior management roles with Dow Jones & Company. She is the President of the board of directors of Poets & Writers, the nation’s non-profit organization serving creative writers. Ms. Currin received her M.B.A. from Harvard University Graduate School of Business Administration and her B.S from the University of Oregon.
Charles Kalmbach	Mr. Charles F. Kalmbach is Independent Director of Lincoln Educational Services Corporation, since August 2008. Mr. Kalmbach has over 30 years of experience in a variety of industries including financial, professional and business services, healthcare and non-profit organizations. Since retiring as a Global Managing Partner of Accenture, Ltd., he has served as the CEO of DBM, Inc., the global human capital management firm, and as Princeton University's Chief Administrative Officer. He is currently Vice President for Strategy for the Princeton Theological Seminary. He has served as the Vice Chairman of the Board of the University Medical System at Princeton, Chair of the Audit Committee of the Board of Resources for the Future in Washington, D.C., and as a member of the board of directors of Midwest Airlines. Mr. Kalmbach earned his B.S., MA and Ph.D. degrees from Princeton University and a J.D. in corporate and international law from the University of Pennsylvania.
J. Barry Morrow	Mr. J. Barry Morrow is Independent Director of Lincoln Educational Services Corporation, since February 2006. He served as the Chief Executive Officer and Director of Collegiate Funding Services from 2002 until 2006 when the company was acquired by JPMorgan Chase. Mr. Morrow held the position of President and Chief Operating Officer of Collegiate Funding from 2000 to 2002. Prior to joining Collegiate Funding Services, Mr. Morrow served with the U.S. Department of Education as the General Manager of Financial Services for the Office of Student Financial Assistance and with SallieMae as Vice President of Regional Operations. Mr. Morrow holds a B.A. from Virginia Tech and an M.A. in public administration from George Washington University. Mr. Morrow has over 25 years’ experience in the education credit industry.

Basic Compensation

Name	Fiscal Year Total
Alexis Michas	--
Shaun McAlmont	1,716,340
Cesar Ribeiro	1,022,670
Scott Shaw	1,174,410
Piper Jameson	784,647
Paul Glaske	--
James Burke	--
Alvin Austin	--
Peter Burgess	--
Celia Currin	--
Charles Kalmbach	--
J. Barry Morrow	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
Alexis Michas	0	0
Shaun McAlmont	0	0
Cesar Ribeiro	67,542	187,173
Scott Shaw	307,151	2,800,528
Piper Jameson	0	0
Paul Glaske	0	0
James Burke	0	0
Alvin Austin	0	0
Peter Burgess	0	0
Celia Currin	0	0
Charles Kalmbach	0	0
J. Barry Morrow	0	0

Insider Trading

Name	Shares Traded	Price
RIBEIRO CESAR	56,838	$5.63
MORROW J BARRY	9,874	$5.57
GLASKE PAUL E	9,874	$5.57
MCALMONT SHAUN E	97,691	$5.63
BURKE JAMES JOSEPH JR	9,874	$5.57
SHAW SCOTT M	2,733	$5.63
MICHAS ALEXANDROS P	17,055	$5.57
SHAW SCOTT M	69,272	$5.63
AUSTIN ALVIN O	9,874	$5.57
JAMESON PIPER P	35,524	$5.63
KALMBACH CHARLES F	9,874	$5.57
CURRIN CELIA H	9,874	$5.57
BURGESS PETER S	9,874	$5.57
JAMESON PIPER P	2,994	$0.00
RIBEIRO CESAR	4,789	$0.00
MCALMONT SHAUN E	5,922	$6.59
SHAW SCOTT M	4,877	$6.59
RIBEIRO CESAR	4,554	$6.59
MCALMONT SHAUN E	8,982	$0.00
SHAW SCOTT M	5,988	$0.00
JAMESON PIPER P	2,025	$6.59
MCALMONT SHAUN E	727	$6.31
SHAW SCOTT M	747	$6.31
RIBEIRO CESAR	824	$6.31
JAMESON PIPER P	666	$6.31

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People: Lincoln Educational Services Corp (LINC.O)

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Summary

Biographies

Basic Compensation

Options Compensation

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