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Otelco Inc (OTEL.OQ)

OTEL.OQ on NASDAQ Stock Exchange Capital Market

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6 Dec 2016
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Summary

Name Age Since Current Position

Stephen McCall

44 2013 Independent Chairman of the Board

Robert Souza

61 2015 President, Chief Executive Officer and Director

Curtis Garner

67 2004 Chief Financial Officer

Dennis Andrews

58 2012 Senior Vice President and General Manager - Alabama & Missouri Division

Jerry Boles

62 2010 Senior Vice President, Controller

Edwin Tisdale

55 2010 Senior Vice President - New England Support Services

E. Todd Wessing

49 2010 Vice President and General Manager, Missouri Region

Norman Frost

59 2013 Independent Director

Howard Haug

64 2004 Independent Director

Brian Ross

58 2013 Independent Director

Gary Sugarman

63 2013 Independent Director

Biographies

Name Description

Stephen McCall

Mr. Stephen P. McCall is Independent Chairman of the Board of Otelco Inc., since January 1999. Mr. McCall has served as a director of the Company and its predecessor Rural LEC Acquisition LLC since January 1999 and served as Chairman of the Board of Rural LEC Acquisition LLC until the closing of our initial public offering on December 21, 2004. He has more than 15 years of private equity investing experience focused on growth capital and buyout investments in the telecommunications sector. He founded and is currently a Managing Member of Blackpoint Equity Partners LLC, a private equity investment firm. Prior to founding Blackpoint, he was a General Partner at Seaport Capital, a private equity investment firm, where he was employed from 1997 through 2007. Previously, Mr. McCall worked at Patricof? & Co. Ventures, a private equity investment firm, and Montgomery Securities in the Corporate Finance Department. Mr. McCall is a director of Trump Entertainment Resorts, Inc. and several private companies. In addition, from November 2009 to May 2011, Mr. McCall was a director of Ambassadors International, Inc. Mr. McCall’s experience in private equity investing and portfolio management, which is focused on the telecommunications industry, provides relevant insight into analyzing potential acquisitions, raising equity, debt financing and advising on Company strategy, making him a valuable asset to the Board and to the compensation committee.

Robert Souza

Mr. Robert J. Souza is President, Chief Executive Officer and Director of the Company effective January 1, 2015. Previously, he was Senior Vice President of our New England division. Mr. Souza was President of Pine Tree Networks from 2001 until it was acquired by the Company in 2008. Mr. Souza began his telecommunication career with New England Telephone in 1973 and his more than 40 years of experience includes positions with Ooltewah-Collegedale Telephone Company in Tennessee and Saco River Telephone in Maine. His background in both technology and operations, as well as his extensive experience with the Company and in the telecommunication industry, make him not only an effective leader of the business but also an effective director.

Curtis Garner

Mr. Curtis L. Garner, Jr., is the Chief Financial Officer, IR Contact Officer of Otelco Inc., since February 2004. Prior to this position, he provided consulting services to a number of businesses and not-for-profit organizations from October 2002. He served PTEK Holdings, Inc. from November 1997 through September 2002 (including one year as a consultant), first as President of one of its divisions, and later as Chief Administrative Officer for another division. Prior thereto, he spent 26 years at AT&T Corp., retiring in 1997 as the Chief Financial Officer of the Southern and Southwestern Regions of AT&T Corp.’s consumer long distance business.

Dennis Andrews

Mr. Dennis K. Andrews is Senior Vice President and General Manager?–?Alabama & Missouri Division of Otelco Inc., effective July 2012. He served as Vice President and General Manager of two Alabama operating subsidiaries since November 2005 and Vice President — Regulatory Affairs since July 2000. Prior to this position, he spent 21 years at Brindlee Mountain Telephone Company, which we acquired in 2001, where he held several positions, including Vice President — Finance, General Manager, Operations Manager and Accounting Department Manager.

Jerry Boles

Mr. Jerry C. Boles, CPA, is the Senior Vice President and Controller of Otelco Inc., Since July 2010. He joined Otelco in January 1999 as Vice President and Controller. Prior to joining Otelco, he was controller for McPherson Oil Company for 14 years. He also worked in public accounting for 10 years, is licensed as a CPA by the state of Alabama, and is a member in good standing of the American Institute of Certified Public Accountants.

Edwin Tisdale

Mr. Edwin D. Tisdale is the Senior Vice President - New England Support Services of Otelco Inc., since July 2010. He served as Vice President for New England Support Services from November 2008 to 2010. From 1996 until October 2008, he served as General Manager of Pine Tree and Chief Financial Officer of the CR Companies until they were acquired by Otelco. Prior to that time, he worked in banking and real estate.

E. Todd Wessing

Mr. E. Todd Wessing is the Vice President and General Manager, Missouri Region of Otelco Inc., since December 2010. He has worked for the Company (or its predecessor prior to being acquired by Otelco in 2004) since 1988 with experience in outside plant maintenance and installation; construction; and central office switching.

Norman Frost

Mr. Norman C. Frost has been appointed as an Independent Director of Otelco Inc., effective May 24, 2013. Mr. Frost is currently a private investor and serves on the Board of Directors of Horizon Telcom, Inc., a private company engaged in the telecommunication business. He served on the Board of Directors of Iowa Telecom from 2006 until its acquisition by Windstream in 2010. Mr. Frost worked as an investment banker for over 25 years, focusing primarily on the telecommunication industry, where he executed a wide range of assignments for his clients, including international and domestic mergers and acquisitions, valuations, public and private equity and debt offerings and project financings. He was a Managing Director of Legg Mason Wood Walker, Inc. and head of that firm’s Technology sector in the Investment Banking Department from 1998 to 2005. Prior to joining Legg Mason, Mr. Frost was a Managing Director in the Communications Group at Bear, Stearns & Co. Inc. and started his investment banking career at The First Boston Corporation.

Howard Haug

Mr. Howard J. Haug is an Independent Director of Otelco Inc., since December 21, 2004. Mr. Haug has served as Executive Vice President, Treasurer and Chief Investment Officer of Space Florida, an independent district and subdivision of the State of Florida that is responsible for promoting and developing Florida’s aerospace industry, since December 2011. In this role, he is responsible for the oversight of Space Florida’s assets and investments. From September 2007 to December 2011, he served as Space Florida’s Senior Vice President and Chief Financial Officer. Prior to joining Space Florida, he was Chief Financial Officer of Healthfair USA, a privately held mobile preventive health care screening company, from April 2007 to September 2007 and Senior Vice President of Administration and Chief Financial Officer of Enterprise Florida from March 2003 to April 2007. As Chief Financial Officer for each of the listed entities, he was responsible for all financial matters including reporting, financial planning, budgeting, treasury functions and operations results analysis. Before joining Enterprise Florida, he spent 13 years with AT&T’s BellSouth unit. Prior to his career with BellSouth, he worked with PricewaterhouseCoopers and Ernst & Young and is a certified public accountant. His roles at Space Florida, Enterprise Florida, Bellsouth and at PricewaterhouseCoopers included management responsibility of merger and acquisition activities, public placement of stock and debt and regulatory reporting.

Brian Ross

Mr. Brian A. Ross has been appointed as Independent Director of Otelco Inc., effective May 24, 2013. Mr. Ross is the Principal of Mid-Market Growth Partners, which provides rigorous analytical tools and shepherds its clients’ strategies into financial results. Between 2012 and 2013, Mr. Ross was an independent consultant. Until 2012, Mr. Ross served as President and Chief Executive Officer of KnowledgeWorks, an educational non-profit that provides innovative teaching pedagogies. Prior to joining KnowledgeWorks, Mr. Ross served both as Chief Operating Officer and the Chief Financial Officer during a 13-year tenure at Cincinnati Bell. He serves on the Board of Directors for Alaska Communications, where he is a member of the audit committee and is the chairperson of the compensation committee, and Journal Media Group. He serves as one of our audit committee financial experts.

Gary Sugarman

Mr. Gary L. Sugarman has been appointed as an Independent Director of Otelco Inc., effective May 24, 2013. Mr. Sugarman is Managing Member of Richfield Capital Partners, a venture fund formed in May 2010 to provide working capital investments in the technology/media sectors and a principal of Richfield Associates, a telecom investment/merchant bank which he founded in 1993. Over a 20-year period, Mr. Sugarman has invested in and operated numerous telecom/data companies through these entities. Mr. Sugarman sits on the Board of Directors of Telephone and Data Systems, Inc., a publicly-traded telecom company with both wireless and wireline assets, and LICT Corp., which owns telecom operating companies and other telecom assets. Mr. Sugarman was, until recently, Executive Chairman/Investor- FXecosystem Inc., a private company based in London, and, from 2007 until 2010, Executive Chairman/Investor - Veroxity Technology Partners, a metro fiber provider in Boston. He also served as Chairman of the Board of Directors and Chief Executive Officer of Mid Maine Communications, a facilities-based telecommunications company he co-founded in 1994, until its sale in 2006 to Otelco.

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