People: Newtek Business Services Inc (NEWT.OQ)
NEWT.OQ on NASDAQ Stock Exchange Capital Market
2.15USD
12:46pm EDT
2.15USD
12:46pm EDT
Price Change (% chg)
$-0.04 (-1.83%)
$-0.04 (-1.83%)
Prev Close
$2.19
$2.19
Open
$2.19
$2.19
Day's High
$2.19
$2.19
Day's Low
$2.15
$2.15
Volume
3,200
3,200
Avg. Vol
11,600
11,600
52-wk High
$2.25
$2.25
52-wk Low
$1.60
$1.60
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Barry Sloane |
52 | 2010 | Chairman of the Board, President, Chief Executive Officer |
Craig Brunet |
63 | 2008 | Executive Vice President, Chief Information Officer |
Jennifer Eddelson |
39 | 2011 | Chief Accounting Officer |
Edward Petrosky |
2013 | Chief Credit and Chief Risk Officer | |
David Beck |
69 | 2002 | Independent Director |
Sam Kirschner |
63 | 2010 | Independent Director |
Salvatore Mulia |
64 | 2005 | Independent Director |
Biographies
| Name | Description |
|---|---|
Barry Sloane |
Mr. Barry Sloane is Chairman of the Board, President, Chief Executive Officer of Newtek Business Services Inc. From September 1993 through July 1995, Mr. Sloane was a Managing Director of Smith Barney, Inc. While there, he directed the Commercial and Residential Real Estate Securitization Unit, and he was national sales manager for institutional mortgage and asset backed securities sales. From April 1991 through September 1993, Mr. Sloane was founder and President of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name of “Aegis Consumer Funding.” From October 1988 through March 1991, Mr. Sloane was Senior Vice President of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of mortgage-backed securities. From August 1982 to September 1988 Mr. Sloane was a senior mortgage security salesman and trader for Bear Stearns, L.F. Rothschild, E.F. Hutton and Paine Webber. |
Craig Brunet |
Mr. Craig J. Brunet is Executive Vice President, Chief Information Officer of Newtek Business Services Inc., since January 1, 2008. Mr. Brunet previously served as Executive Vice President Strategic Planning and Marketing since July, 2006 and as Chairman and Chief Executive Officer of the Company’s Harvest Strategies subsidiary since June, 2001. From 1984 – 1989, Mr. Brunet served as Director of Strategic Planning for AT&T, where he managed all special development and modifications to standard AT&T products to include non-standard pricing, terms and conditions, hardware and software strategic initiatives, FCC Tariffs, as well as joint venture and/or integration requirements for the top 50 AT&T accounts. In 1989, Mr. Brunet joined Entergy Corporation as Executive Vice President responsible for managing and directing the overall Entergy System retail and wholesale marketing effort including strategy development, policy preparation and administration, market development and market analysis and research. During his tenure with Entergy, he served as Chairman of the Strategic Planning Committee of the Electric Power Research Institute (EPRI) and served on the Board of Directors of Entergy Enterprises guiding decisions on unregulated activities including strategic acquisition and investments in generation, distribution and new technology assets domestically and internationally. From 1993 – 1996, Mr. Brunet served as Chairman, CEO and President of First Pacific Networks. During this period, he was also Chairman of the Board of Credit Depot Corporation, a publicly traded multi-state mortgage company and served as Chairman of both the audit committee and compensation committee. |
Jennifer Eddelson |
Ms. Jennifer Eddelson, CPA, has been appointed as Chief Accounting Officer of Newtek Business Services, Inc., effective July 1, 2011. Ms. Eddelson, who is a certified public accountant, has been employed by the Company as Corporate Controller since 2004 and Vice President of Financial Reporting since 2006, and in these capacities has had a principal responsibility for the development and implementation of the Company’s accounting policies and practices. Previously, Ms. Eddelson practiced as an independent certified public accountant with Janover, L.L.C. and provided accounting and tax-related services to the Company. |
Edward Petrosky |
Mr. Edward Petrosky has been appointed as Chief Credit and Chief Risk Officer of Newtek Business Services Inc. Edward has over 35 years of experience in credit and risk management in the financial services industry, including money center, regional and community banks. Edward is the former President/CEO/Chief Credit Officer of turnaround situations and two start up banks, and has 15 years' experience as a Chief Credit/Chief Lending Officer in the banking industry. |
David Beck |
Mr. David C. Beck is Independent Director of Newtek Business Services Inc., since September 2002. Mr. Beck has been Managing Director of Copia Capital, LLC (“Copia”), a private equity investment firm, since September 1998. Prior to founding Copia, Mr. Beck was CEO of Universal Savings Bank, Milwaukee, WI and First Interstate Corporation of Wisconsin, a publicly traded company. Mr. Beck also served as Chairman of Universal Savings Bank’s holding company, Universal Saving Banc Holdings, Inc., from November 2002 until September 2009. He is a certified public accountant. Mr. Beck’s more than 30 years’ experience in the financial services industry. |
Sam Kirschner |
Mr. Sam Kirschner is Independent Director of Newtek Business Services Inc., since 2010. Mr. Kirschner has, since he co-founded MayerCap, LLC in 2003, been a Managing Member of the company. MayerCap, LLC manages investments in hedge funds, as a fund-of-funds, and is headquartered in New York City. MayerCap, LLC places particular emphasis on investing in newer and smaller hedge funds. Mr. Kirschner has also been since 1986 president of Nexus Family Business Consulting where he has specialized in advising owners, boards and senior executive of familyowned businesses and domestic and foreign banks on matters of succession planning, estate planning and strategic mergers and acquisitions. He has also consulted on the identification and recruitment of senior executives. Mr. Kirschner holds a Ph.D. in clinical psychology and has taught at both New York University School of Continuing & Professional Studies and the Wharton School of Business at the University of Pennsylvania. Mr. Kirschner has many years of experience in working with small to medium sized firms and addressing the many issues which they face in growing their businesses. |
Salvatore Mulia |
Mr. Salvatore F. Mulia is Independent Director of Newtek Business Services Inc., since August 2005. Mr. Mulia has been a financial advisor at RTM Financial Services, Westport, CT, with an emphasis on leasing and lending advisory services since February 2003. From February 2001 to February 2003 Mr. Mulia was Executive Vice President of Pitney Bowes Capital Corp, Shelton, CT which was engaged in providing financial services to business customers. Prior to that, Mr. Mulia held senior management positions within General Electric’s Financial Services Division, GE Capital Corporation (“GECC”), and from 1980 through 1993 he was responsible for developing new products and business initiatives in financial services. During his tenure at GECC Mr. Mulia was a principal in GEVEST, GECC’s investment banking unit, where he headed syndication and led acquisition teams which acquired leasing companies with combined assets of $3 billion including: TransAmerica Leasing, Chase Manhattan’s leasing subsidiary and LeaseAmerica. Mr. Mulia has many years of experience with financial companies working with smaller to mid-sized companies needing capital and debt. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Barry Sloane |
1,130,000 |
Craig Brunet |
361,000 |
Jennifer Eddelson |
153,000 |
Edward Petrosky |
-- |
David Beck |
-- |
Sam Kirschner |
-- |
Salvatore Mulia |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Barry Sloane |
0 | 0 |
Craig Brunet |
0 | 0 |
Jennifer Eddelson |
0 | 0 |
Edward Petrosky |
0 | 0 |
David Beck |
0 | 0 |
Sam Kirschner |
0 | 0 |
Salvatore Mulia |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
KIRSCHNER SAM |
200 | $1.79 |
KIRSCHNER SAM |
4,800 | $1.80 |
KIRSCHNER SAM |
4,000 | $1.86 |
SLOANE BARRY S |
13,066 | $1.99 |
SLOANE BARRY S |
7,182 | $1.81 |
SLOANE BARRY S |
6,950 | $1.87 |
KIRSCHNER SAM |
5,000 | $1.82 |
KIRSCHNER SAM |
500 | $1.75 |
KIRSCHNER SAM |
700 | $1.74 |
KIRSCHNER SAM |
100 | $1.74 |
KIRSCHNER SAM |
1,558 | $1.74 |
KIRSCHNER SAM |
3,000 | $1.86 |
KIRSCHNER SAM |
4,000 | $1.68 |
KIRSCHNER SAM |
120 | $1.68 |
KIRSCHNER SAM |
100 | $1.65 |
KIRSCHNER SAM |
1,300 | $1.68 |
KIRSCHNER SAM |
500 | $1.68 |
KIRSCHNER SAM |
425 | $1.62 |
KIRSCHNER SAM |
4,000 | $1.70 |
MULIA SALVATORE FRANCIS |
1,000 | $1.17 |
BECK DAVID CHARLES |
100 | $1.28 |
BECK DAVID CHARLES |
100 | $1.28 |
BECK DAVID CHARLES |
100 | $1.28 |
BECK DAVID CHARLES |
3,200 | $1.28 |
KIRSCHNER SAM |
10,000 | $1.30 |

