People: Medical Action Industries Inc (MDCI.OQ)

MDCI.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Kenneth Davidson

65 2012 Independent Chairman of the Board

Paul Chapman

2013 President, Chief Operating Officer, Director

Paul Meringolo

54 2013 Chief Executive Officer, Director

Brian Baker

39 2013 Principal Accounting Officer, Vice President - Finance

Eric Liu

52 2012 Vice President - Operations and Business Development

Cynthia Bell

59 2012 President and General Manager - Minor Procedure Kits and Trays

Charles Kelly

52 2012 President and General Manager - Patient Care Products

Richard Setian

52 2012 President and General Manager - Custom Procedure Trays and Operating Room Products

William Burke

54 2012 Lead Independent Director

Henry Berling

69 2005 Independent Director

Pamela Levy

2013 Independent Director

Kenneth Newsome

52 2006 Independent Director

Biographies

Name Description

Kenneth Davidson

Mr. Kenneth W. Davidson is Independent Chairman of the Board of Medical Action Industries Inc., since May 2012. He is director of the company since August 2008. He currently serves as Special Venture Partner at Galen Partners, a healthcare private equity firm that focuses on growth equity investments in healthcare technology-enabled services, medical devices and specialty pharmaceutical companies, a position he has held since November 2009. Mr. Davidson retired in December 2008 as Chairman of the Board of Directors of DJO LLP, a global provider of high-quality, orthopedic devices, with a broad range of products used for rehabilitation, pain management and physical therapy with approximately $1 billion in revenues, a position he had held since November 2007. Prior to DJO, Mr. Davidson served as a Chief Executive Officer, President of ReAble Therapeutics, Inc., a Blackstone portfolio company, and as Chairman, President and Chief Executive Officer of Encore Medical (ReAble’s predecessor), a publicly held orthopedic company since October 2000. Mr. Davidson served as Chairman, President and Chief Executive Officer of Maxxim Medical, Inc., a publicly-held medical supply company, from 1986 to July 2000. Previously, Mr. Davidson held various positions with Intermedics, Inc., a pacemaker equipment manufacturer, Baxter Laboratories, a publicly-held health care product and service company, and Merck & Co., a human and animal health care product company.

Paul Chapman

Mr. Paul Chapman is President, Chief Operating Officer, Director of Medical Action Industries Inc. He was appointed as President, Chief Operating Officer of the Company on May 28, 2013. He has served as Interim Chief Operating Officer of the company, effective January 14, 2013. Mr. Chapman was Chairman and Chief Executive Officer of National Rehab Corporation, a distributor of wound care, ostomy, urological and orthopedic supplies, from February 2008 through September 2012. From January 2008 through January 2009 Mr. Chapman served as a director for DJO Global, Inc., a manufacturer of orthopedic bracing products. From January 1988 through December 2007, he held various executive positions at Encore Medical Corporation and Chattanooga Group, Inc., a manufacturer of orthopedic products, and Stryker Corporation, a provider of orthopedic implants, surgical instrumentation, endoscopy equipment, hospital beds and stretchers.

Paul Meringolo

Mr. Paul D. Meringolo is Chief Executive Officer, Director of Medical Action Industries Inc. He served as President of the Company. He has been employed by the company for more than the past 20 years in various executive positions. Prior to that, he served for over 11 years in other operational roles within the Company. He was the Chairman of the Board from October 1997 through May 2012.

Brian Baker

Mr. Brian Baker has been appointed as Principal Accounting Officer, Vice President - Finance of Medical Action Industries Inc., effective July 1, 2013. He has served as the Company’s Corporate Controller from October 2011 until July 1, 2013, and served as the Company’s Director of Financial Reporting from January 2003 until October 2011. Mr. Baker previously was a senior accountant at Grant Thornton LLP.

Eric Liu

Mr. Eric Liu is Vice President - Operations and Business Development of Medical Action Industries Inc., since April 2012. He has been employed by the company for more than 24 years in various positions relating to the international procurement of raw materials and the manufacture of certain of the company’s products. From April 2008 to April 2012, he served as Vice President of Operations, where he oversaw the domestic manufacturing operations and international sourcing of the company. From May 2005 until April 2008, Mr. Liu served as Vice President of International Operations and Global Development, where he was the leader for the international sourcing and international sales efforts. For more than the five years prior thereto Mr. Liu was Vice President of International Operations. Mr. Liu received a Bachelor of Science degree from The National Taiwan Marine University and a Master of Science degree in Transportation Management from the State University of New York Maritime College.

Cynthia Bell

Ms. Cynthia E. Bell is President and General Manager - Minor Procedure Kits and Trays of Medical Action Industries Inc., since April 2012. She has served as Senior Director of Operations since 2010, and Director of Operations from 2008 to 2010, preceded by other operational roles within the company. Over that time, she has developed experience in minor procedure kits and trays business. Ms. Bell has a Bachelor of Science degree in Medical Technology and joined the company in 1999 as part of the acquisition of Acme United Corporation, where she was General Manager of the Medical and Consumer Operations division from 1993 through 1998.

Charles Kelly

Mr. Charles L. Kelly, Jr., is President and General Manager - Patient Care Products of Medical Action Industries Inc., since April 2012. From March 2012 until April 2012, he served the company in a non-executive role. Prior to that he served as the company’s Chief Financial Officer from April 2008 to March 2012. Mr. Kelly has more than 25five years of finance and public accounting experience. Prior to joining the company, Mr. Kelly was employed by Chem RX Corporation, an institutional pharmacy serving long-term care facilities, serving as Chief Financial Officer from August 2006 to March 2008. Prior to his position at Chem RX, Mr. Kelly was employed by Spotless Group Ltd., an international provider of industrial and governmental support services and provider of injection molded products and related services to U.S. and European based retailers, serving as Senior Vice President of U.S. Operations (Retailer Services Division) from November 2003 to June 2006 and as Global Vice President of Finance and Administration (Retailer Services Division) from April 1995 through June 2006. Mr. Kelly also worked for several years as a manager in the audit department of PriceWaterhouseCoopers. Mr. Kelly holds a Bachelor of Science degree in Accounting from the State University of New York, Albany and is a member of the New York State Society of Certified Public Accountants and American Institute of Certified Public Accountants.

Richard Setian

Mr. Richard Setian is President and General Manager - Custom Procedure Trays and Operating Room Products of Medical Action Industries Inc., since April 2012. Since the acquisition of AVID Medical Inc. by the company in August 2010, Mr. Setian has served as the company’s Vice President of Sales and Marketing. He is the former President of AVID Medical, Inc. from 1998 through 2004, and was President and Chief Operating Officer from 2004 until 2010. Prior to his position at AVID Medical, Inc., Mr. Setian served as Corporate Vice President of Marketing and Sales for Isolyser, Inc. and Boundary HealthCare, a division of Maxxim Medical. Mr. Setian also worked for Kendall Healthcare, a division of Colgate-Palmolive.

William Burke

Mr. William W. Burke is Lead Independent Director of Medical Action Industries Inc., since May 2012. He has served as a director since 2004. He currently serves as Executive Vice President and Chief Financial Officer of IDEV Technologies, an innovator and developer of next generation medical devices for use in interventional radiology, vascular surgery and cardiology, a position he has held since November 2009. From 2004 through 2007, he served as Executive Vice President and Chief Financial Officer of ReAble Therapeutics, a diversified orthopedic device company. ReAble was sold to The Blackstone Group in a going private transaction in 2006 and acquired by DJO Incorporated in late 2007. Subsequent to the completion of the transaction with DJO, Mr. Burke served as a consultant to Blackstone/DJO. From 2001 to 2004, Mr. Burke served as Chief Financial Officer of Cholestech Corporation, a medical diagnostic products company. From 1985 to 2001, he was employed by several firms as a senior investment banker with a primary focus on medical technology companies. Since July 2011, Mr. Burke has served on the Board of Directors of On-X Life Technologies, Inc., a developer and producer of an innovative prosthetic heart valve. He received his B.A. degree in Finance from the University of Texas at Austin and his M.B.A. from the University of Pennsylvania’s Wharton Graduate Business School.

Henry Berling

Mr. Henry A. Berling is Independent Director of Medical Action Industries Inc., since August 2005. He retired in December 2004 as Executive Vice President after 38 years with Owens & Minor, Inc., a publicly traded Fortune 500 supply-chain solutions company and a distributor of name-brand medical and surgical supplies. From 1995 to 2002, Mr. Berling served as Executive Vice President, Partnership Development at Owens & Minor. Prior to 1995, he served Owens & Minor, Inc. in various positions, including Executive Vice President, Sales and Customer Development and Senior Vice President, Sales and Marketing. Mr. Berling was a member of the Owens & Minor Board of Directors from 1998 to 2005. For more than the past three years, Owens & Minor, Inc. He currently sits on the Board of Directors of Home Care Delivered, Inc., Langford IC Systems, Inc. and Soluble Systems, LLC. Mr. Berling has nearly 40 years of experience in the supply-chain and distribution industry, including more than 20 years in executive-level positions.

Pamela Levy

Ms. Pamela R. Levy is Independent Director of Medical Action Industries Inc. She currently serves as Founder, CEO and President of PEARL Financial Advisors LLC, a healthcare debt capital advisory firm, a position she has held since April 2013, and previously from March 2010 to October 2010. From November 2010 through March 2013, she was a Partner at White Oak Merchant Partners, a debt capital advisory and merchant banking firm. From 1993 through February 2010, Ms. Levy served in multiple positions, including as a senior officer and team leader, at Bank of America Merrill Lynch and predecessors Banc of America Securities and NationsBank N.A. Her last position was Managing Director, Head of Healthcare Leveraged Finance. In that role, she led a team of professionals responsible for all aspects of debt capital raising, including acquisition financing, recapitalizations, and leveraged buyouts, for healthcare products and services, medical device, life science, specialty pharmaceutical and other healthcare related corporate and private equity clients. From 1984 to 1993, she was an officer at the Chase Manhattan Bank, N.A. Ms. Levy currently serves on the Board of Directors and is Audit Committee Chair of privately-held HCMC Legal, Inc., a provider of legal and review management services, and human capital solutions to law firms, law firms' clients, and corporations. She received a B.A. degree in Middle Eastern Studies at the University of California at Berkeley and her Masters of International Affairs from Columbia University. She has earned both the CFA (Chartered Financial Analyst) and CFP(R) (Certified Financial Planner(R)) designations.

Kenneth Newsome

Mr. Kenneth R. Newsome is Independent Director of Medical Action Industries Inc., since August 2006. He has been President and Chief Executive Officer of AMF Automation Technologies, LLC, a privately held manufacturer of wholesale bread and baking equipment, since 1996. With approximately 300 employees worldwide, AMF has completed seven acquisitions to date. For more than the four years prior thereto, Mr. Newsome held various executive positions, including Chief Operating Officer of MedSurg Industries, which was acquired by Isolyser Healthcare, now known as Microtek Medical Inc., a publicly traded medical products company. He began his career with McKinsey & Co. in their manufacturing practice. Mr. Newsome holds a Bachelors of Science degree in Finance from the University of Virginia – McIntire School of Commerce and a Masters of Business Administration degree from the University of Virginia – Darden School of Graduate Business Administration.

Basic Compensation

Name Fiscal Year Total

Kenneth Davidson

--

Paul Chapman

--

Paul Meringolo

567,701

Brian Baker

--

Eric Liu

326,270

Cynthia Bell

--

Charles Kelly

365,705

Richard Setian

445,500

William Burke

--

Henry Berling

--

Pamela Levy

--

Kenneth Newsome

--
As Of 30 Mar 2012

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