People: Precision Aerospace Components Inc (PAOS.PK)

PAOS.PK on OTC Markets Group

0.25USD
3 May 2013
Price Change (% chg)

$0.11 (+75.07%)
Prev Close
$0.14
Open
$0.25
Day's High
$0.25
Day's Low
$0.25
Volume
88,233
Avg. Vol
7,918
52-wk High
$0.55
52-wk Low
$0.04

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Summary

Name Age Since Current Position

Alexander Kreger

 68 2006 Independent Chairman of the Board

Andrew Prince

 68 2007 President, Chief Executive Officer, Principal Financial Officer, Director

Donald Barger

 69 2010 Non-Executive Secretary, Independent Director

Robert Adler

 77 2006 Independent Director

David Walters

 49 2006 Independent Director
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Biographies

Name Description

Alexander Kreger

 Mr. Alexander Kreger has served as Independent Chairman of the Board of Precision Aerospace Components Inc., since 2006. Mr. Kreger served as the President of Kreger Truck Renting Company, Inc. from 1999 through 2008. Mr. Kreger has a BS in accounting and finance from the Wharton School, University of Pennsylvania. Mr. Kreger is a member of the Company’s Audit and Compensation Committees.

Andrew Prince

 Mr. Andrew Steven Prince is President, Chief Executive Officer, Principal Financial Officer and Director of Precision Aerospace Components Inc. Previously Mr. Prince was, and for the last five years has been, a principal of Prince Strategic Group LC, a strategic advisory and merchant-banking group. Prince Strategic Group’s focus is strategic planning, acquisition/disposition advice, financial restructuring and providing crisis and interim CEO, COO management. He has experience in corporate financing, strategic relationship and acquisition transactions, including their financial and strategic analysis, structuring and negotiations, strategic planning and management development activities as well as background in all facets of operations in both small and large organizations. Mr. Prince is former Deputy Assistant Secretary of the Navy (1981-1986); Mr. Prince is a director of Gibbs and Cox, a naval architectural engineering firm. From June 1, 2004-June 1, 2006, Mr. Prince was a director of CDKnet.com. Mr. Prince is a graduate of the United States Naval Academy, Harvard Law School and Harvard Business School. Mr. Prince is a member of the Company’s Compensation Committee.

Donald Barger

 Mr. Donald G.Barger,Jr., is Non-Executive Secretary, Independent Director of Precision Aerospace Components Inc. From September 2007 until his retirement in February 2008, Mr. Barger served as advisor to the CEO of YRC Worldwide Inc. (“YRCW”), a publicly held company specializing in the transportation of goods and materials; until September 2007, he was Executive Vice President and Chief Financial Officer of YRCW. He joined YRCW’s predecessor company, Yellow Corporation (“Yellow”), in December 2000 as Senior Vice President and Chief Financial Officer. Prior to joining Yellow, he served as Vice President and Chief Financial Officer of Hillenbrand Industries Inc. (“Hillenbrand”), a publicly held company serving the healthcare and funeral services industries, from March 1998 until December 2000. Mr. Barger was also Vice President, Chief Financial Officer of Worthington Industries, Inc., a publicly held manufacturer of metal and plastic products and processed steel products, from September 1993 until joining Hillenbrand. Mr. Barger is a director of Quanex Building Products Corporation, a publicly held manufacturer of engineered materials and components for the U.S. building products markets; Globe Specialty Metals, Inc., a publicly held producer of silicon metal and silicon-based specialty alloys; and Gardner Denver a designer, manufacturer, and marketer of compressor and vacuum products, and fluid transfer products. Mr. Barger has a B.S. degree from the United States Naval Academy and an M.B.A. from the University of Pennsylvania, Wharton School of Business. Mr. Barger is the Company’s non-executive secretary and a member of the Company’s Compensation Committee.

Robert Adler

 Mr. Robert I. Adler is an Independent Director of Precision Aerospace Components Inc., since 2006. From 2002 to 2003, Mr. Adler served as an investment advisor for UBS Financial Services. In 2002, Mr. Adler served as managing director for ING Furman Selz Asset Management (“ING”). From 1991 to 2000, Mr. Adler served as the vice president and senior investment officer of BHF Securities Corp. Since June 2011, Mr. Adler has served as a Director and Chairman of the Audit Committee of Sino Gas International Holdings. From October, 2010 through June2011, Mr. Adler served as a Director and Chairman of the Audit Committee of Dongsheng Pharmaceutical International Co., a distributor of pharmaceutical products based in Beijing, China. From April 2006 to September 2010, Mr. Adler served as a director and chairman of the audit committee of Sinoenergy Corporation, a developer and operator of retail compressed natural gas (CNG) stations as well as a manufacturer of CNG transport vehicles, natural gas conversion kits for automobiles, and gas station equipment in China. From April 2006 until May 2010, Mr. Adler served as a director and chairman of the audit committee of China Medicine Corp., a comprehensive enterprise engaging in the production and distribution of prescription and over the counter drugs, traditional Chinese medicine products, herbs and dietary-supplements, medical devices, and medical formulations in China. Mr. Adler obtained a B.A. degree from Swarthmore College and is a member of the Institute of Chartered Financial Analysts and the New York Society of Security Analysts. Mr. Adler is Chairman of the Company’s Audit Committee.

David Walters

 Mr. David Walters is an Independent Director of Precision Aerospace Components Inc., since 2006. Mr. Walters co-founded Monarch Bay Associates, LLC, a FINRA registered broker dealer, in 2006. Prior to Monarch Bay Associates, Mr. Walters was a principal with Monarch Bay Capital Group, LLC, a firm that provided advisory services and capital for emerging growth companies. From 1992 through 2000, he was Executive Vice President and Managing Director in charge of capital markets for Roth Capital (formerly Cruttenden Roth), where he managed the Capital Markets group and led over 100 financings (public and private), raising over $2 billion in growth capital. Additionally, Mr. Walters oversaw a research department that covered over 100 public companies and was responsible for the syndication, distribution and after-market trading of the public offerings. He managed the public offerings for Cruttenden Roth, which was the most prolific public underwriter in the U.S. for deals whose post-offering market cap was less than $100 million. Mr. Walters sat on Roth's Board of Directors from 1994 through 2000. Previously, he was a Vice President for both Drexel Burnham Lambert and Donaldson Lufkin and Jenrette in Los Angeles, and he ran a private equity investment fund. Mr. Walters also serves as Chairman of the Board of Directors and Chief Executive of., Monarch Staffing, Inc. Mr. Walters earned a Bachelor of Science in Bioengineering from the University of California, San Diego. Mr. Walters is Chairman of the Company’s Compensation Committee and a member of the Company’s Audit Committee.

Basic Compensation

Name Fiscal Year Total

Alexander Kreger

 --

Andrew Prince

 222,069

Donald Barger

 --

Robert Adler

 --

David Walters

 --
As Of 30 Dec 2011

Options Compensation

Name Options Value

Alexander Kreger

 0 0

Andrew Prince

 0 0

Donald Barger

 0 0

Robert Adler

 0 0

David Walters

 0 0

Insider Trading

Name Shares Traded Price

KREGER ALEXANDER

 13,400 $0.32

PRINCE ANDREW STEVEN

 26,000 $0.00

PRINCE ANDREW STEVEN

 26,000 $0.00

BARGER DONALD G JR

 5,000 $0.02

ADLER ROBERT I

 5,000 $0.02

WALTERS DAVID ALLEN

 5,000 $0.02

KREGER ALEXANDER

 5,000 $0.02
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