People: Magnetek Inc (MAG.W)

Summary

Name	Age	Since	Current Position
Mitchell Quain	61	2006	Independent Chairman of the Board
Peter McCormick	51	2011	President, Chief Executive Officer, Director
Marty Schwenner	51	2006	Chief Financial Officer, Vice President
Hungsun Hui	49	2010	Vice President - Operations
Scott Cramer	59	2010	Vice President, General Counsel, Corporate Secretary
Michael Stauber	38	2011	Vice President, Corporate Controller
David Reiland	58	2008	Director
David Bloss	61	2008	Independent Director
Alan Levine	69	2011	Independent Director

» Insider Trading

Biographies

Name	Description
Mitchell Quain	Mr. Mitchell I. Quain serves as the Independent Chairman of the Board of Magnetek Inc. He has served as Chairman of the Board since October 2006, and has served on the Board since 1999. He serves on the Compensation and Retirement Plan Committees, and serves as the Chairman of the Nominating and Corporate Governance Committee. Mr. Quain was a Partner of One Equity Partners LLC, a private equity investment firm during 2011. From 2008 to 2010, he was a Managing Director of ACI Capital Co., LLC, a private equity firm. From 2001 to 2003, he served as Vice Chairman of Investment Banking at ABN AMRO, a global full service wholesale and retail bank. Prior to that, he served as the Global Head of Industrial Manufacturing and of its banking business. From early 1997 until its acquisition by ING Barings later that year, Mr. Quain was an Executive Vice President and a member of the Board of Directors and of the Management Committee of Furman Selz, an international financial services and investment banking firm. Prior to joining Furman Selz, Mr. Quain was a Partner with Wertheim & Company, Inc., an investor relations and communications company. He is a former Director of Heico Corporation. Mr. Quain serves on the boards of Astro-Med, Inc., a manufacturer of printers and data acquisition systems, Handy & Harman Ltd., a diversified industrial products manufacturing and supply company, Hardinge Inc., a machine tool manufacturer, RBC Bearings Incorporated, a manufacturer of bearings and Titan International, Inc., a manufacturer of civilian and military tires and wheels.
Peter McCormick	Mr. Peter M. McCormick is President, Chief Executive Officer, Director of Magnetek, Inc. He has served on the Board since August 2011, and since October 2008 serves as President and Chief Executive Officer of the Company. Mr. McCormick was Magnetek’s Executive Vice President and Chief Operating Officer from 2006 to 2008. From 2002 to 2006, he was Executive Vice President and General Manager of Magnetek’s Power Controls Group, overseeing the Company’s motion control systems for cranes and hoists, elevator drive systems, mining equipment drives and alternative energy power conversion systems. Mr. McCormick joined Magnetek in 1993 from Square-D Corporation, a diversified electrical manufacturing and supply company, where he held increasingly responsible management positions in engineering, marketing and business development from 1984 to 1993. Mr. McCormick serves on the board of the Metropolitan Milwaukee Association of Commerce.
Marty Schwenner	Mr. Marty J. Schwenner, CPA, serves as the Chief Financial Officer, Vice President of Magnetek Inc., since November 2006. Mr. Schwenner has served as a Vice President of the Company since 2003 and was Controller of the Company from 2002 until November 2006. Mr. Schwenner was Vice President of Finance for the Company’s power electronics group from 1998 until 2002. Mr. Schwenner also served as the Chief Financial Officer of the Company's European operations from 1992 to 1998 and as Internal Audit Manager from 1991 until 1992. Mr. Schwenner joined Magnetek as an Internal Auditor in 1989. Mr. Schwenner is a Certified Public Accountant and a Certified Internal Auditor.
Hungsun Hui	Mr. Hungsun S. Hui has been appointed as Vice President - Operations of Magnetek, Inc. Mr. Hui previously held the positions of Magnetek’s Vice President, Engineering from June 1999 to January 2001, and Magnetek’s Director of Advance Manufacturing from March 1998 to June 1999. Prior to joining Magnetek, from June 1985 to February 1998, Mr. Hui was with Rockwell Automation in a variety of operational roles of increasing responsibility.
Scott Cramer	Mr. Scott S. Cramer serves as the Vice President, General Counsel, Corporate Secretary of Magnetek, Inc., since March 2010. Prior to joining Magnetek, Mr. Cramer served as Senior Vice President and General Counsel with Bucyrus International, Inc. in South Milwaukee, WI from 2006 until 2010. From 2005 to 2006, Mr. Cramer was Senior Legal Counsel with Regal Beloit Corporation following private practice from 2004 to 2005. Mr. Cramer served as Vice President, General Counsel and Secretary from 1997 until 2004 with Superior Services, Inc. following his tenure with Browning-Ferris Industries in Houston, TX and Utrecht, The Netherlands, where he served respectively as Senior Counsel and EMEA General Counsel from 1984 to 1997.
Michael Stauber	Mr. Michael J. Stauber is Vice President, Corporate Controller of Magnetek, Inc. He has been appointed as the Vice President, Corporate Controller since February 2011. Prior to that, Mr. Stauber served as Operations Controller for the Company since November 2007 and prior thereto served as Finance Manager of the Company’s Power Control Division since joining the Company in December 2004. Prior to joining Magnetek, from August 1995 to December 2004, Mr. Stauber was with Rockwell Automation in a variety of financial roles of increasing responsibility.
David Reiland	Mr. David P. Reiland serves as the Director of Magnetek, Inc. He has served on the Board since December 2006, and serves as the Chairman of the Retirement Plan Committee. Mr. Reiland was President and CEO of Magnetek from October 2006 to October 2008. He served as Executive Vice President of the Company from 2001 to 2006 and as Chief Financial Officer from 1988 to 2006. He was Controller of the Company from 1986 to 1993 and was Vice President, Finance from 1987 to 1989. Prior to joining the Company, Mr. Reiland was an Audit Manager with Arthur Anderson & Co., where he served in various capacities from 1980 until 1986. Mr. Reiland serves as Chairman of the Board of Broadwind Energy, Inc., a supplier of products and services to wind and other energy-related industries.
David Bloss	Mr. David A. Bloss, Sr. was elected an Independent Director of Magnetek Inc., since April 23, 2008. He serves on the Audit, Nominating and Corporate Governance and Retirement Plan Committees, and serves as the Chairman of the Compensation Committee. Mr. Bloss retired as director and Chairman of the Board of CIRCOR International, Inc., a fluid control valve manufacturer, effective March 1, 2009. He retired as CIRCOR’s Chief Executive Officer in 2008, a position he held since 1999, when CIRCOR was spun off from Watts Industries, Inc. Prior to joining Watts, Mr. Bloss served as President of the superabrasives division of Norton Company and as Director of Corporate Planning and Development for Cooper Industries. He also held positions at Clark Equipment Company and Price Waterhouse & Co. Mr. Bloss serves on the board of Xerium Technologies, Inc., a manufacturer of consumable products for industrial applications. Mr. Bloss is currently a member of the Indiana University South Bend Chancellor’s Advisory Board.
Alan Levine	Mr. Alan B. Levine, CPA, has been appointed as Independent Director of Magnetek, Inc., effective August 4, 2011. He serves on the Audit and Retirement Plan Committees. Mr. Levine served as Chief Financial Officer and Director of Virtual Access Networks, Inc. from 2001 to 2002 and Chief Financial Officer and Treasurer of Marathon Technologies Corporation from 1998 to 2001. He was also a member of the Board of Directors and Audit Committee Chair of MCK Communications before the company’s merger in November 2003. Prior to this, Mr. Levine was with Ernst & Young LLP from 1974 to 1998, and was a Partner from 1986 to 1998, where he established and directed an Entrepreneurial Services practice. From January 2007 until July 2011, he served as Vice President and Chief Financial Officer of the Graduate Management Admissions Council. He is a former Director and Audit Committee Chair of Nextera Enterprises Inc. Mr. Levine serves on the board of RBC Bearings Incorporated, a manufacturer of bearings.

Basic Compensation

Name	Fiscal Year Total
Mitchell Quain	--
Peter McCormick	1,643,380
Marty Schwenner	1,045,090
Hungsun Hui	546,992
Scott Cramer	626,805
Michael Stauber	345,602
David Reiland	1,326,740
David Bloss	--
Alan Levine	--

As Of 31 Dec 2011

Options Compensation

Name	Options	Value
Mitchell Quain	0	0
Peter McCormick	308,983	241,583
Marty Schwenner	0	0
Hungsun Hui	0	0
Scott Cramer	0	0
Michael Stauber	0	0
David Reiland	1,194,722	1,269,680
David Bloss	0	0
Alan Levine	0	0

Insider Trading

Name	Shares Traded	Price
AUSTIN W MARXE ET AL	5,504	$15.43
AUSTIN W MARXE ET AL	1,000	$15.61
AUSTIN W MARXE ET AL	10	$15.11
AUSTIN W MARXE ET AL	7,341	$15.74
AUSTIN W MARXE ET AL	117	$15.15
AUSTIN W MARXE ET AL	300	$15.09
CRAMER SCOTT S	1,525	$14.05
STAUBER MICHAEL J	2,413	$0.00
CRAMER SCOTT S	3,698	$0.00
HUI HUNGSUN SAWYER	3,155	$0.00
SCHWENNER MARTY J	3,452	$0.00
MCCORMICK PETER M	6,607	$0.00
MCCORMICK PETER M	732	$12.67
AUSTIN W MARXE ET AL	10,254	$9.83
AUSTIN W MARXE ET AL	2,000	$9.92
AUSTIN W MARXE ET AL	519	$10.09
AUSTIN W MARXE ET AL	200	$10.23
AUSTIN W MARXE ET AL	1,000	$10.24
AUSTIN W MARXE ET AL	1,051	$10.27
STAUBER MICHAEL J	197	$10.12
SCHWENNER MARTY J	2,374	$10.12
MCCORMICK PETER M	3,420	$10.12
HUI HUNGSUN SAWYER	858	$10.12
SCHWENNER MARTY J	400	$13.40
MCCORMICK PETER M	115	$18.00

» Full list on Insider Trading

People: Magnetek Inc (MAG.W)

Related Topics:

Summary

Biographies

Basic Compensation

Options Compensation

Related Topics: