People: PetMed Express Inc (PETS.O)

PETS.O on Nasdaq

13.07USD
22 May 2013
Price Change (% chg)

$-0.24 (-1.80%)
Prev Close
$13.31
Open
$13.36
Day's High
$13.58
Day's Low
$12.96
Volume
226,023
Avg. Vol
292,841
52-wk High
$14.51
52-wk Low
$9.15

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Summary

Name Age Since Current Position

Robert Schweitzer

 66 2006 Independent Chairman of the Board

Menderes Akdag

 51 2005 President, Chief Executive Officer, Director

Bruce Rosenbloom

 43 2001 Chief Financial Officer, Treasurer

Frank Formica

 68 2003 Independent Director

Gian Fulgoni

 65 2002 Independent Director

Ronald Korn

 72 2002 Independent Director
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Biographies

Name Description

Robert Schweitzer

 Mr. Robert C. Schweitzer is an Independent Chairman of the Board of Petmeds Express Inc. Mr. Schweitzer Mr. Schweitzer has served as a member of the Board of Directors since November 2002 and as Chairman of the Board since July 2006. At the time Mr. Schweitzer joined the Board, he was a senior executive with experience in increasingly responsible positions in the financial services industry. Mr. Schweitzer was formerly the President of Shay Investment Services, Inc., a holding company consisting of a bank, an investment management company, and a broker-dealer serving the investment needs of institutional clients. He served in that capacity from 2007 to 2012. From October 2005 until August, 2007, Mr. Schweitzer was the Florida Regional President for Northwest Savings Bank (following the sale of Equinox Bank where he was President and Chief Executive Officer, to Northwest Savings). From June 2004 to March 2005 he was a consultant to Equinox Bank (formerly Horizon Bank), and became President and Chief Executive Officer of Equinox Bank in March 2005. Mr. Schweitzer was the Regional President of Union Planters Bank for Broward and Palm Beach County Florida markets from April 1999 to December 2002. Prior to joining Union Planters, Mr. Schweitzer served as the Executive Vice President and Head of Commercial Banking for Barnett Bank/NationsBank in Jacksonville, Florida from 1993 to 1999. Other positions held include Director and Head of Real Estate Consulting for Coopers & Lybrand in Washington, D.C.; Senior Vice President and Manager of Central North America Real Estate for the First National Bank of Chicago, and Manager of Domestic Credit Process Review; and Senior Vice President and Manager of Central North American Banking for Wachovia Bank. Mr. Schweitzer holds a Masters of Business Administration degree from the University of North Carolina, and a Bachelor of Science degree from the United States Naval Academy.

Menderes Akdag

 Mr. Menderes Akdag is President, Chief Executive Officer, Director of Petmeds Express Inc. Mr. Akdag has served as the Company’s Chief Executive Officer since March, 2001 and as President since August, 2005, and was appointed to the Board of Directors in November, 2002, bringing a breadth of experience in the areas of direct response marketing, operations, and finance. Mr. Akdag is also a member of the Company’s Investment Committee. Mr. Akdag has played a vital role in the continuing development and implementation of the Company’s strategic business plan, the Company into its expansion into online retail sales and pursuing nationwide recognition of the Company’s brand. At the time Mr. Akdag accepted the position as Chief Executive Officer, the Company had net operating losses and an accumulated deficit. In 2009, Mr. Akdag was an Ernst & Young® Entrepreneur of the Year Florida Winner in the retail category as well as a national finalist. Recognized globally, the award honors the entrepreneurs who inspire others with their vision, leadership, and achievement. Mr. Akdag holds a Bachelor of Science degree in Business Administration with a major in finance from the University of Florida where he graduated with high honors. Prior to joining PetMed Express, Mr. Akdag served as Chief Executive Officer of International Cosmetics Marketing Co. d/b/a Beverly Sassoon & Co., a publicly held (PS:SASN) direct sales company distributing skin care and nutritional products, from November 2000 until March, 2001. From May 1991 until August 2000, Mr. Akdag was employed by Lens Express, Inc., a direct sales company distributing replacement contact lenses. From May 1991 until May 1996, Mr. Akdag was also a member of the Board of Directors. Mr. Akdag serves on the Board of Directors of Medical Mobile Monitoring (Integrity Tracking LLC), a privately-held company in which he is a minority investor.

Bruce Rosenbloom

 Mr. Bruce S. Rosenbloom is Chief Financial Officer, Treasurer of Petmeds Express Inc., since May 2001. Mr. Rosenbloom served as the Manager of Finance and Financial Reporting of Cooker Restaurant Corporation, a publicly held (PS: CGRTQ) restaurant, in West Palm Beach, Florida, from December 2000 until May 2001. Mr. Rosenbloom’s duties included all internal and external reporting including all SEC filings and Annual Reports to Shareholders. Mr. Rosenbloom was a senior audit accountant for Deloitte & Touche LLP, an international accounting firm, West Palm Beach, Florida, from January 1996 until December 2000. Mr. Rosenbloom was responsible for planning and conducting all aspects of audit engagements for clients in industries, including direct marketing, healthcare, manufacturing, financial institutions, and professional service firms. Mr. Rosenbloom, a certified public accountant, holds a Bachelor of Science degree in Accounting from Florida Atlantic University and a Bachelor of Arts degree in Economics from the University of Texas at Austin. In mid-late 2004, six shareholder class action lawsuits were filed against the Company and Mr. Rosenbloom as a controlling person (as well as another Officer of the Company and a Director who is no longer with the Company) for alleged violations of the federal securities laws. The Company and Mr. Rosenbloom denied the allegations of wrongdoing in the lawsuit, pointing out that the Company had experienced substantial growth in both sales and profits during the period of time referenced in the suit as conceded in the lawsuits’ allegations. The Company and Mr. Rosenbloom contended that the class action lawsuits were frivolous, and on February 1, 2005, all six lawsuits were voluntarily dismissed by the plaintiffs without prejudice.

Frank Formica

 Mr. Frank J. Formica is an Independent Director of Petmeds Express Inc., since August 2003. Since 1999, Mr. Formica has served as a legal consultant in corporate securities and securities industry litigation and arbitration. From 1969 until 1999, Mr. Formica held positions with the National Association of Securities Dealers (“NASD”), now known as the Financial Industry Regulatory Authority (“FINRA”), the self-regulatory organization responsible for the regulation of registered broker-dealers in the United States. Mr. Formica’s career began in 1969 with the NASD’s Office of General Counsel as an enforcement attorney handling broker/dealer administrative proceedings at the national level as well as drafting and interpreting NASD rules and regulations. In 1977 he was named Vice President and Deputy General Counsel responsible for the day-to-day operations of the Office including litigation, administrative proceedings before the Board of Governors and the SEC, legal advice to the Board of Governors, and drafting and adopting NASD rules, interpretations and policies. In 1984 he was named Director of the NASD’s Corporate Financing Department which was responsible for the review of underwriting arrangements and after market trading of public offerings of securities and the rules and regulations relating to sales practices in those offerings. The Department was also responsible for the regulation of the distribution and sale of limited partnerships and other direct participation programs. He worked with state securities administrators and the SEC on coordination of enforcement activities and other areas involving the regulation of brokers/dealers. Mr. Formica retired from the NASD in 1999. Mr. Formica received his Juris Doctor degree from the Washington College of Law at American University and an undergraduate degree from Ohio University. He is a retired member of the New York State Bar.

Gian Fulgoni

 Mr. Gian M. Fulgoni is an Independent Director of Petmeds Express Inc., since November 2002. He has been the Executive Chairman of comScore since 1999. From 1981 until 1998, Mr. Fulgoni served as President and Chief Executive Officer of Information Resources, Inc. (IRI), (then: NASDAQ: IRIC), a global supplier of retail scanner data to the Consumer Packaged Goods (CPG) industry. Additionally, by the time Mr. Fulgoni joined the Company’s Board, he had been in the growth of other public companies. From 1991 until 1999, he served as a member of the board of Platinum Technology, Inc., during which time the company grew from $80 million to more than $1 billion in annual revenues and established itself in the software services industry. He had served on the board of U.S. Robotics from 1991 to 1994, prior to its acquisition in 1997 by 3 Com in a transaction valued at $8 billion, and in 1999, Mr. Fulgoni served on the board of yesMail.com, a supplier of permission-based e-mail services. In March 2000, yesMail.com was acquired by CMGI for approximately $700 million. Mr. Fulgoni has repeatedly been recognized for his entrepreneurial skills. In 1991 and again in 2004, he was named Illinois Entrepreneur of the Year, the only person to have twice received that honor. In 1992, Mr. Fulgoni received the Wall Street Transcript Award for contributions as CEO in enhancing the overall value of IRI to the benefit of its shareholders. In 2008, Mr. Fulgoni was inducted into the Chicago Entrepreneurship Hall of Fame and was an Ernst & Young® Entrepreneur of the Year award winner in the services category, and was a national finalist. Educated in the United Kingdom, Mr. Fulgoni holds a Masters degree in Marketing from the University of Lancaster and a Bachelor of Science degree in Physics from the University of Manchester. He is the co-holder of a U.S. patent governing comScore’s data collection technology.

Ronald Korn

 Mr. Ronald J. Korn is an Independent Director of Petmeds Express Inc., since November 2002. Since 1991, Mr. Korn has been the President of Ronald Korn Consulting, a business consulting firm that provides business and marketing services to a limited number of clients. From 1961 to 1991, he was a partner and employee of KPMG, LLP, an international accounting firm, where his client responsibilities included a number of financial institutions and various public corporations. In addition to serving on the Company’s Board, Mr. Korn has served as a Director and Chairman of the Audit Committee of Ocwen Financial Corporation (NYSE:OCN) since July 2003, and as a Director and Chairman of the Audit Committee of comScore, Inc., formerly ComScore Networks, Inc., (NASDAQ:SCOR) since November, 2005. Mr. Korn previously served as a Director and Chairman of the Audit Committee of a number of public companies and a privately held financial institution. Mr. Korn holds inactive licenses as a Certified Public Accountant in New York, Michigan, and Florida. Mr. Korn holds a Juris Doctor degree from the New York University Law School and a Bachelor of Science degree in Economics from the University of Pennsylvania, Wharton School.

Basic Compensation

Name Fiscal Year Total

Robert Schweitzer

 --

Menderes Akdag

 740,154

Bruce Rosenbloom

 432,244

Frank Formica

 --

Gian Fulgoni

 --

Ronald Korn

 --
As Of 30 Mar 2012

Options Compensation

Name Options Value

Robert Schweitzer

 0 0

Menderes Akdag

 305,556 2,066,775

Bruce Rosenbloom

 97,167 833,583

Frank Formica

 0 0

Gian Fulgoni

 0 0

Ronald Korn

 0 0

Insider Trading

Name Shares Traded Price

ROSENBLOOM BRUCE S

 500 $14.50

KORN RONALD J

 2,000 $14.50

AKDAG MENDERES

 108,000 $14.31

ROSENBLOOM BRUCE S

 500 $14.25

KORN RONALD J

 2,000 $14.00

ROSENBLOOM BRUCE S

 500 $14.00

KORN RONALD J

 2,000 $13.50

SCHWEITZER ROBERT C

 7,500 $9.70

FORMICA FRANK J

 7,500 $9.70

KORN RONALD J

 7,500 $9.70

ROSENBLOOM BRUCE S

 10,000 $9.70

FULGONI GIAN M

 7,500 $9.70

ROSENBLOOM BRUCE S

 500 $14.00

FULGONI GIAN M

 7,500 $10.97

FORMICA FRANK J

 7,500 $10.97

KORN RONALD J

 7,500 $10.97

SCHWEITZER ROBERT C

 7,500 $10.97

ROSENBLOOM BRUCE S

 10,000 $10.97
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