People: Meritage Hospitality Group Inc (MHGU.PK)

MHGU.PK on OTC Markets Group

5.15USD
28 Jul 2014
Price Change (% chg)

$-0.24 (-4.45%)
Prev Close
$5.39
Open
$5.15
Day's High
$5.15
Day's Low
$5.15
Volume
700
Avg. Vol
923
52-wk High
$5.98
52-wk Low
$3.73

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Summary

Name Age Since Current Position

Robert Schermer

76 1996 Chairman of the Board of Directors

Robert Schermer

53 2004 President, Chief Executive Officer, Director

Gary Rose

49 2006 Chief Financial Officer, Chief Operating Officer, Vice President, Treasurer

James Saalfeld

44 2005 Vice President, Chief Administrative Officer, General Counsel, Secretary

Robert Potts

58 2001 Vice President, Real Estate

James Bishop

71 1998 Director

Duane Kluting

62 2005 Director

Joseph Maggini

72 1996 Director

Brian McMahon

59 2003 Director

Biographies

Name Description

Robert Schermer

Robert E. Schermer, Sr. has been Chairman of the Board of Directors since January 25, 1996. Mr. Schermer is currently retired. From 1990 through 2005, he was Senior Vice President and a Managing Director of Robert W. Baird & Co. Incorporated, an investment banking and securities brokerage firm headquartered in Milwaukee, Wisconsin. He is the father of Robert E. Schermer, Jr

Robert Schermer

Robert E. Schermer, Jr. has been a director of the Company since January 1996. He has been Chief Executive Officer of the Company since October 1998. Mr. Schermer also served as President of the Company from October 1998 through October 2000, and since February 2004.

Gary Rose

Gary A. Rose has been Vice President, Chief Financial Officer and Treasurer of the Company since April 2005, and Chief Operating Officer since March 2006. From July 2004 through April 2005, Mr. Rose served as coordinator of condominium development for Robert Grooters Development Company. From December 2000 through July 2004, Mr. Rose served as Vice President and Chief Financial Officer of Consolidated Vendors Corporation, a multi-state owner and operator of vending machines.

James Saalfeld

James R. Saalfeld has been Vice President, Secretary and General Counsel of the Company since March 1996, and was appointed Chief Administrative Officer in May 2005. Mr. Saalfeld also held the position of Treasurer from June 2002 through April 2005. From 1992 until 1996, Mr. Saalfeld was with Dykema Gossett PLLC, a law firm headquartered in Detroit, Michigan. Mr. Saalfeld is a licensed member of the Michigan Bar.

Robert Potts

Robert H. Potts has been Vice President of Real Estate for the Company since March 2001. From 1989 to 2001, Mr. Potts was with Meijer Inc., a supermarket and general merchandise retailer, where he held the position of Senior Counsel. Mr. Potts is a licensed member of the Michigan Bar.

James Bishop

James P. Bishop has been a director of Meritage Hospitality Group Inc since July 1998. He is a CPA and a principal of Seber Tans PLC accounting firm in Kalamazoo, Michigan. Prior to that, Mr. Bishop was the President and majority owner of the Bishop, Gasperini & Flipse, P.C. accounting firm in Kalamazoo, Michigan, where he worked since 1973. Mr. Bishop was appointed by Michigan’s Governor to the Administrative Committee on Public Accountancy in 1993.

Duane Kluting

Duane F. Kluting has been a director of the Company since July 2005. Mr. Kluting is currently retired. From 1992 through 2003, Mr. Kluting served as Vice President, Chief Financial Officer and Corporate Secretary of X-Rite, Incorporated, a developer and manufacturer of color measurement instrumentation and software used in graphic arts, retail and industrial applications

Joseph Maggini

Joseph L. Maggini has been a director of Meritage Hospitality Group Inc. since January 1996. Since founding the company in 1974, Mr. Maggini has served as President and Chairman of the Board of Magic Steel Corporation, a steel service center located in Grand Rapids, Michigan

Brian McMahon

Brian N. McMahon has been a director of the Company since August 2003. Mr. McMahon has been a partner with the law firm of Shumaker, Loop & Kendrick, LLP since 1995. Previously, he was General Counsel for Checkers Drive-In Restaurants, Inc. and served as Senior Legal Counsel for Wendy’s International, Inc

Basic Compensation

Name Fiscal Year Total

Robert Schermer

--

Robert Schermer

226,580

Gary Rose

126,000

James Saalfeld

165,345

Robert Potts

152,172

James Bishop

--

Duane Kluting

--

Joseph Maggini

--

Brian McMahon

--
As Of 26 Nov 2005

Options Compensation

Name Options Value

Robert Schermer

0 0

Robert Schermer

583,836 588,419

Gary Rose

20,000 0

James Saalfeld

341,391 206,782

Robert Potts

259,882 81,210

James Bishop

0 0

Duane Kluting

0 0

Joseph Maggini

0 0

Brian McMahon

0 0
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