People: Local Corporation (LOCM.PH)
LOCM.PH on Philadelphia Stock Exchange
1.66USD
10 Jun 2013
1.66USD
10 Jun 2013
Price Change (% chg)
$0.04 (+2.47%)
$0.04 (+2.47%)
Prev Close
$1.62
$1.62
Open
$1.66
$1.66
Day's High
$1.66
$1.66
Day's Low
$1.66
$1.66
Volume
100
100
Avg. Vol
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52-wk High
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52-wk Low
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Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Heath Clarke |
43 | 2001 | Chairman of the Board, Chief Executive Officer |
Michael Sawtell |
54 | 2011 | President, Chief Operating Officer |
Ken Cragun |
51 | 2010 | Chief Financial Officer, Secretary |
Erick Herring |
44 | 2012 | Senior Vice President - Technology |
Norman Farra |
43 | 2011 | Lead Independent Director |
Philip Fricke |
66 | 2003 | Independent Director |
Theodore Lavoie |
58 | 1999 | Independent Director |
John Rehfeld |
72 | 2011 | Independent Director |
Fred Thiel |
52 | 2013 | Independent Director |
Biographies
| Name | Description |
|---|---|
Heath Clarke |
Mr. Heath B. Clarke is Chairman of the Board, Chief Executive Officer of Local Corporation. Mr. Clarke has served as Chief Executive Officer since January 2001, and served as President from March 1999 to December 2000. Mr. Clarke has also served as Chairman of Board since 1999. Mr. Clarke has held no other public company directorships in the past five years. The Board of Directors has concluded that the following experience, qualification and skills quality Mr. Clarke to serve as a Director of the Company: The Chief Executive Officer should serve on the Board of Directors in light of the Chief Executive Officer’s day-to-day knowledge in managing the Company’s operations. |
Michael Sawtell |
Mr. Michael A. Sawtell is President, Chief Operating Officer of Local Corporation. He has served as President and Chief Operating Officer since December 2011 and Chief Operating Officer since May 2011. Mr. Sawtell joined the company as Sr. Vice President and General Manager, SAS in May 2011 with the acquisition of the Rovion assets from DGLP. From July 2005 to May 2011, Mr. Sawtell was Chief Executive Officer of DGLP. From March 2000 to March 2005, Mr. Sawtell was President and Chief Operations Officer. Mr. Sawtell’s responsibilities prior to Local.com have included chief executive officer functions at a public company, as well as general oversight of the operations and management of both public and private companies. |
Ken Cragun |
Mr. Kenneth S. Cragun is Chief Financial Officer and Secretary of Local Corporation. He has served as Chief Financial Officer since December 2010, as Secretary since October 2010, as interim Chief Financial Officer from October 2010 to December 2010, and Vice President of Finance from April 2009 to October 2010. From June 2006 to March 2009, Mr. Cragun was the Chief Financial Officer of Modtech Holdings, Inc., a supplier of modular buildings. Mr. Cragun received a Bachelor of Science degree in Accounting from Colorado State University-Pueblo. Mr. Cragun’s responsibilities prior to Local.com have included chief financial officer functions at a public company, including preparation of financials for SEC disclosures in accordance with generally accepted accounting principles, audit experience at a nationally recognized certified public accounting firm, and day-to-day management of the financial affairs of both public and private companies. |
Erick Herring |
Mr. Erick Herring is Senior Vice President - Technology of Local Corporation. From November 2010 to January 2012, Mr. Herring was chief technology officer of Townloop LLC, a company he founded. From July 2009 to October 2010, Mr. Herring was Vice President of Product and Chief Technology Officer of Feedback.com. From January 2009 to May of 2009, Mr. Herring was chief technology officer and vice president of product for WebVisible, Inc. From November 2008 to December 2008, Mr. Herring was a consultant for WebVisible, Inc. From January 2005 to November 2008, Mr. Herring was vice president of product and general manager for Adapt Technologies, until it was acquired by WebVisible, Inc. Mr. Herring received a bachelors of science degree in computer information systems from Excelsior College. Mr. Herring’s responsibilities prior to Local.com have included chief technology officer and vice president of product functions at several technology companies. |
Norman Farra |
Mr. Norman K. Farra, Jr., is Lead Independent Director of Local Corporation. Mr. Farra has served as a Managing Director, Investment Banking for Aegis Capital, Inc., since January 2012. From December 2009 to December 2011, Mr. Farra served as Managing Director, Investment Banking for R.F. Lafferty & Co. Inc.. From May 2008 to December 2009, he served as Director, Investment Banking for Cresta Capital Strategies, LLC. He was an independent financial consultant from September 2007 to May 2008, and served as Managing Director of Investment Banking for GunnAllen Financial Inc. from August 2006 to September 2007. From June 2001 to August 2006, he was an independent contractor acting as Managing Director of Investment Banking for GunnAllen Financial Inc. In the past five years, Mr. Farra has held no other public company directorships. The Board of Directors has concluded that the following experience, qualifications and skills qualify Mr. Farra to serve as a Director of the Company: Over 22 years experience in the finance, capital markets and financial services industry; experience in the investment banking and financial consulting industry; from the National Association of Corporate Directors; and a educational background, including a Bachelor of Science degree in Business Administration from Widener University. |
Philip Fricke |
Mr. Philip K. Fricke is Independent Director of Local Corporation. Mr. Fricke is President of PKF Financial Consultants, Inc., a private company he founded in March 2001, which provides financial communications services and advisory services to public and private companies. In the past five years, Mr. Fricke has held one other public company directorship with MI Developments Inc. (from August 2003 to May 2009). The Board of Directors has concluded that the following experience, qualifications and skills qualify Mr. Fricke to serve as a Director of the Company: Over 25 years experience as a Wall Street financial analyst; experience gained as a director of another public company; and a educational background with a Bachelor of Arts degree and a Master of Arts degree in Psychology, as well as a Master of Business Administration degree in Finance and Economics received from Fairleigh Dickinson University. |
Theodore Lavoie |
Mr. Theodore E. Lavoie is Independent Director of Local Corporation. Mr. Lavoie has served as an independent management consultant to the renewable fuel/waste-to-energy market since May 2009. From June 2007 to May 2009, he was Vice President of Strategic Development of Greenline Industries, a biodiesel production equipment manufacturer. From May 2006 to June 2007, he was Chief Executive Officer of Greenline Industries. From January 2005 to May 2006, Mr. Lavoie was an independent financial consultant. In the past five years, Mr. Lavoie has held no other public company directorships, though he has served on the board and executive committee of a private emerging market company and as a director of Financial Executives International, San Francisco (from 2004 to 2007). Mr. Lavoie also serves as an Advisory Board member of The Salvation Army, Golden State Division. The Board of Directors has concluded that the following experience, qualifications and skills qualify Mr. Lavoie to serve as a Director of the Company: Experience as a chief executive officer in an emerging market industry; experience as a chief financial officer; over 25 years senior execute experience in managing start-ups and high-growth companies; finance experience in the public and private capital markets, global risk and financial services; and educational background having earned his Masters of Business Administration degree and Bachelor of Science degree in Business Administration from Loyola Marymount University. |
John Rehfeld |
Mr. John E. Rehfeld is Independent Director of Local Corporation. Mr. Rehfeld is currently the adjunct professor of marketing and strategy for the Executive MBA Program at Pepperdine University (since 1998) and the University of San Diego (since 2009). Mr. Rehfeld is currently a Director of Lantronix, Inc. (since May 2010). Mr. Rehfeld was previously a Director of ADC Telecommunication, Inc. (from September 2004 to December 2010) and Primal Solutions, Inc. (from December 2008 to June 2009). Additionally, Mr. Rehfeld currently holds directorships with a number of private companies. The Board of Directors has concluded that the following experience, qualifications and skills qualify Mr. Rehfeld to serve as a Director of the Company: Over 30 years executive experience in high growth industries, including prior experience as a chief executive officer of a number of companies; prior and current experience serving as a director of a number of public and private companies; and a distinguished educational background, including a Masters of Business Administration degree from Harvard University and a Bachelor of Science degree in Chemical Engineering from the University of Minnesota, as well as his current positions as adjunct professor of marketing and strategy for the Executive MBA Programs at Pepperdine and the University of San Diego. |
Fred Thiel |
Mr. Frederick G. Thiel has been appointed as Independent Director of Local Corporation, effective January 16, 2013. Thiel served as the Managing Partner of the Software IT Group at Triton Pacific Capital Partners, a private equity firm making equity investments on behalf of itself and its investors in lower middle market companies, from January 2007 until the end of 2012. As part of his role at Triton Pacific Capital Partners, Mr. Thiel served on the boards of four of its portfolio companies: Custom Credit Systems, LP, an enterprise software company providing commercial lending automation solutions to banks; DB Technology, LLC, an enterprise content management software company providing solutions to healthcare providers; Assetpoint, LLC, an enterprise software company providing enterprise asset management solutions to corporations; and Vayan Marketing Group, LLC, an internet media marketing company providing customer acquisition services to consumer brands. Mr. Thiel has been an Operating Partner with Graham Partners, a mid-market private equity firm since 2008. From January 2004 to December 2006, Mr. Thiel was founder and managing partner of TechStarter Ventures, a venture capital and technology incubator focused on developing Web 2.0 technologies and social media, human resources and project management related web properties. Prior to TechStarter, Mr. Thiel was CEO of GameSpy Industries from January 2002 through January 2003. Mr. Thiel is presently a director of three private companies, including Predixion Software, Inc., B&B Electronics, Inc., and OCTANe LLC. Mr. Thiel attended classes at the Stockholm School of Economics in Europe. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Heath Clarke |
1,067,800 |
Michael Sawtell |
1,091,910 |
Ken Cragun |
651,862 |
Erick Herring |
-- |
Norman Farra |
224,375 |
Philip Fricke |
-- |
Theodore Lavoie |
-- |
John Rehfeld |
-- |
Fred Thiel |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Heath Clarke |
471,409 | 1,063,149 |
Michael Sawtell |
317,436 | 4,752,800 |
Ken Cragun |
4,000 | 18,965 |
Erick Herring |
0 | 0 |
Norman Farra |
153,500 | 342,065 |
Philip Fricke |
0 | 0 |
Theodore Lavoie |
0 | 0 |
John Rehfeld |
0 | 0 |
Fred Thiel |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
SAWTELL MICHAEL A |
1,500 | $1.77 |
SAWTELL MICHAEL A |
1,300 | $1.78 |
FARRA NORMAN K JR |
15,968 | $0.00 |
CLARKE HEATH B |
37,852 | $0.00 |
SAWTELL MICHAEL A |
19,048 | $0.00 |
CRAGUN KENNETH S |
13,969 | $0.00 |
HERRING ERICK |
11,061 | $0.00 |
HUTTO PETER S |
12,677 | $0.00 |
HERRING ERICK |
23,809 | $0.00 |
HERRING ERICK |
11,904 | $0.00 |
HUTTO PETER S |
13,911 | $0.00 |
CLARKE HEATH B |
42,344 | $0.00 |
SAWTELL MICHAEL A |
21,759 | $0.00 |
HUTTO PETER S |
27,822 | $0.00 |
HUTTO PETER S |
6,938 | $2.06 |
HUTTO PETER S |
5,159 | $0.00 |
CLARKE HEATH B |
15,948 | $0.00 |
HERRING ERICK |
6,357 | $2.00 |
HERRING ERICK |
4,726 | $0.00 |
SAWTELL MICHAEL A |
8,059 | $0.00 |
CRAGUN KENNETH S |
5,915 | $0.00 |
HUTTO PETER S |
574 | $2.08 |
HUTTO PETER S |
426 | $0.00 |
CLARKE HEATH B |
1,876 | $0.00 |
SAWTELL MICHAEL A |
1,108 | $0.00 |
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