Edition:
United States

MGIC Investment Corp (MTG)

MTG on New York Consolidated

11.39USD
18 Aug 2017
Change (% chg)

$-0.06 (-0.52%)
Prev Close
$11.45
Open
$11.33
Day's High
$11.42
Day's Low
$11.31
Volume
408,718
Avg. Vol
3,269,453
52-wk High
$12.25
52-wk Low
$7.72

Summary

Name Age Since Current Position

Curt Culver

64 2015 Non-Executive Chairman of the Board

Patrick Sinks

60 2015 President, Chief Executive Officer, Chief Operating Officer, Director

Timothy Mattke

41 2014 Chief Financial Officer, Executive Vice President

Stephen Mackey

56 2015 Executive Vice President, Chief Risk Officer

Jeffrey Lane

67 2008 Executive Vice President, General Counsel, Secretary

Gregory Chi

57 2012 Senior Vice President – Information Services and Chief Information Officer of MGIC

James Hughes

54 2017 Executive Vice President – Sales and Business Development of MGIC

Kenneth Jastrow

69 2009 Lead Independent Director

Daniel Arrigoni

66 2013 Independent Director

Cassandra Carr

72 2013 Independent Director

C. Edward Chaplin

60 2014 Independent Director

Timothy Holt

64 2012 Independent Director

Michael Lehman

66 2001 Independent Director

Gary Poliner

63 2013 Independent Director

Mark Zandi

57 2010 Independent Director

Michael Zimmerman

IR Contact Officer

Biographies

Name Description

Curt Culver

Mr. Curt S. Culver is Non-Executive Chairman of the Board of the Company. He was our Chief Executive Officer from January 2000 and was the Chief Executive Officer of Mortgage Guaranty Insurance Corporation (“MGIC”) from January 1999, in both cases until his retirement, and he held senior executive positions with us and MGIC for more than five years before he became Chief Executive Officer. He is also a director of Wisconsin Electric Power Company and Wisconsin Energy Corporation.

Patrick Sinks

Mr. Patrick Sinks is President, Chief Executive Officer, Chief Operating Officer, Director of the Company. Mr. Sinks has been our Chief Executive Officer since March 1, 2015. He has served as our President and Chief Operating Officer since 2006, and held senior executive positions with MGIC for more than five years before then.

Timothy Mattke

Mr. Timothy J. Mattke is Chief Financial Officer, Executive Vice President of the Company. He served as the Company’s Controller from 2009 through March 2014. He joined the Company in 2006. Prior to his becoming Controller, he was Assistant Controller of MGIC beginning in August 2007 and prior to that was a manager in MGIC’s accounting department. Before joining MGIC, Mr. Mattke was an audit manager and an auditor with PricewaterhouseCoopers LLP, the Company’s independent registered accounting firm.

Stephen Mackey

Mr. Stephen C. Mackey is Executive Vice President and Chief Risk Officer of MGIC Investment Corporation and MGIC , a subsidiary of the Company. Mr. Mackey was with JP Morgan Chase & Company from March 2011 until June 2015, where he held a number of senior leadership positions, including Managing Director, Firmwide Market Risk, Senior Vice President and Risk Management Executive in Mortgage Banking and Senior Vice President and Controller in Mortgage Banking. He has a diverse professional background prior to JP Morgan that includes 13 years with Fannie Mae where he had been a Vice President.

Jeffrey Lane

Mr. Jeffrey H. Lane is Executive Vice President, General Counsel and Secretary of MGIC Investment Corporation and MGIC, a subsidiary of the Company. Mr. Lane has served as Senior Vice President, General Counsel and Secretary from August 1996 to January 2008. For more than five years prior to his joining us, Mr. Lane was a partner of Foley & Lardner, a law firm headquartered in Milwaukee, Wisconsin. In January 2017, Mr. Lane informed us that he plans to retire after his successor takes office and there is an appropriate transition period.

Gregory Chi

Mr. Gregory A. Chi is Senior Vice President – Information Services and Chief Information Officer of MGIC, a subsidiary of the Company. Mr. Chi had been Senior Vice President of Enterprise Delivery Services with SunTrust Bank since 2008. Prior to joining SunTrust, Mr. Chi had been Vice President, Information Technology Development Application with MetLife, Inc. since 2005. Prior to that, Mr. Chi held various senior management positions in the financial services industry.

James Hughes

Mr. James J. Hughes is Executive Vice President – Sales and Business Development of MGIC, a subsidiary of the Company. He served as Senior Vice President – Sales and Business Development of MGIC from 2015 to January 2017, and Vice President, Managing Director in the sales area from 2001 to 2015. He joined MGIC in 1987 and prior to becoming Vice President, Managing Director, he had been an Account Manager and a Sales Manager.

Kenneth Jastrow

Mr. Kenneth M. Jastrow, II., is Lead Independent Director of the Company. Mr. Jastrow served as a non-executive Chairman of the Board of Forestar Group Inc., which is engaged in various real estate and natural resource businesses. During 2000-2007, Mr. Jastrow served as Chairman and Chief Executive Officer of Temple-Inland Inc., a paper and forest products company, which during Mr. Jastrow’s tenure also had interests in real estate and financial services. Mr. Jastrow is also a director of KB Home and Genesis Energy, LLC, the general partner of Genesis Energy, LP, a publicly-traded master limited partnership.

Daniel Arrigoni

Mr. Daniel A. Arrigoni is Independent Director of the Company. Mr. Arrigoni was President and Chief Executive Officer of U.S. Bank Home Mortgage Corp., one of the largest originators and servicers of home loans in the U.S., until his retirement in July 2013. Prior to his retirement, Mr. Arrigoni also served as an Executive Vice President of U.S. Bank, N.A. Mr. Arrigoni led the mortgage company for U.S. Bank and its predecessor companies since January 1996. Mr. Arrigoni has over 40 years of experience in the home mortgage and banking industries.

Cassandra Carr

Ms. Cassandra C. Carr is Independent Director of the Company. Ms. Carr is currently a consultant. She was Global Vice Chair of Talent at Hill+Knowlton Strategies before leaving in 2012, and spent nine years as a Senior Advisor for Public Strategies, Inc., both of which firms provide public relations services. Prior to joining Public Strategies, Ms. Carr held various senior-level positions with SBC Communications, Inc., which during her tenure became one of the world’s largest telecommunications companies, including Senior Executive Vice President – External Affairs, Senior Vice President – Human Resources, and Senior Vice President – Finance and Treasurer.

C. Edward Chaplin

Mr. C. Edward Chaplin is Independent Director of the Company. Mr. Chaplin was President and Chief Financial Officer at MBIA Inc., a provider of financial guarantee insurance and the largest municipal bond-only insurer, from 2008 until March 2016, and remained with MBIA as Executive Vice President until January 1, 2017. He served as a member of MBIA’s Board of Directors from 2003 until 2006, when he left to become Chief Financial Officer of that company. Prior to joining MBIA, Mr. Chaplin was Senior Vice President and Treasurer of Prudential Financial Inc., a firm he joined in 1983 and for which he held various senior management positions, including Regional Vice President of Prudential Mortgage Capital Company.

Timothy Holt

Mr. Timothy A. Holt is Independent Director of the Company. Mr. Holt was an executive committee member and Senior Vice President and Chief Investment Officer of Aetna, Inc., a diversified health care benefits company, when he retired in 2008 after 30 years of service. From 2004 through 2007, he also served as Chief Enterprise Risk Officer of Aetna. Prior to being named Chief Investment Officer in 1997, Mr. Holt held various senior management positions with Aetna, including Chief Financial Officer of Aetna Retirement Services and Vice President, Finance and Treasurer of Aetna. Mr. Holt also serves as a director of Virtus Investment Partners, Inc. and StanCorp Financial Group, Inc.; which was a publicly traded insurance products company until it was acquired in March 2016.

Michael Lehman

Mr. Michael E. Lehman is Independent Director of the Company. Mr. Lehman is currently a Special Advisor to the Chancellor of the University of Wisconsin — Madison ("UW"), a role he assumed on September 1, 2016. Until the end of August 2016, he had been the interim vice chancellor for finance and administration for UW, a role he assumed in March 2016. He was the interim Chief Financial Officer at Ciber Inc., a global information technology company, from September 2013 until February 2014; Chief Financial Officer of Arista Networks, a cloud networking firm, from September 2012 through July 2013; and Chief Financial Officer of Palo Alto Networks, a network security firm, from April 2010 until February 2012. Prior to that, he was the Executive Vice President and Chief Financial Officer of Sun Microsystems, Inc., a provider of computer systems and professional support services, from February 2006 to January 2010, when Sun Microsystems, Inc. was acquired by Oracle Corporation. From July 2000 until his initial retirement in September 2002, he was Executive Vice President of Sun Microsystems; he was its Chief Financial Officer from February 1994 to July 2002, and held senior executive positions with Sun Microsystems for more than five years before then. During the past five years, Mr. Lehman also served as a director of Solera Holdings, Inc., until it was acquired by a private company.

Gary Poliner

Mr. Gary A. Poliner is Independent Director of the Company. Mr. Poliner was President of The Northwestern Mutual Life Insurance Company (“Northwestern Mutual”), the nation’s largest direct provider of individual life insurance, and a member of its Board of Trustees, until his retirement from that company in June 2013, after more than 35 years of service. He was named President of Northwestern Mutual in 2010. Mr. Poliner also held various other senior-level positions at Northwestern Mutual, including Chief Financial Officer (2001-2008) and Chief Risk Officer (2009-2012). During a portion of 2016, Mr. Poliner served as a consultant for the Janus Funds and since June 2016, he has served as an Independent Trustee of the Janus Funds (58 funds).

Mark Zandi

Dr. Mark M. Zandi, Ph.D., is Independent Director of the Company. Mr. Zandi, since 2007, has been Chief Economist of Moody’s Analytics, Inc., where he directs economic research. Moody’s Analytics is a leading provider of economic research, data and analytical tools. It is a subsidiary of Moody’s Corporation that is separately managed from Moody’s Investor Services, the rating agency subsidiary of Moody’s Corporation. Dr. Zandi is a trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public and he frequently testifies before Congress on economic matters.

Michael Zimmerman

Basic Compensation

Name Fiscal Year Total

Curt Culver

359,000

Patrick Sinks

5,798,270

Timothy Mattke

2,436,820

Stephen Mackey

1,883,070

Jeffrey Lane

2,984,660

Gregory Chi

1,277,970

James Hughes

1,236,180

Kenneth Jastrow

283,000

Daniel Arrigoni

278,000

Cassandra Carr

246,000

C. Edward Chaplin

252,000

Timothy Holt

287,000

Michael Lehman

280,250

Gary Poliner

285,750

Mark Zandi

241,000

Michael Zimmerman

--
As Of  30 Dec 2016