People: Palomar Medical Technologies, Inc. (PMTI.O)

PMTI.O on Nasdaq

9.08USD
9 Feb 2010
Price Change (% chg)

$0.06 (+0.67%)
Prev Close
$9.08
Open
--
Day's High
$9.17
Day's Low
$8.87
Volume
62,537
Avg. Vol
92,460
52-wk High
$18.94
52-wk Low
$5.83

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Summary

Name Age Since Current Position
Valente, Louis 78 2002 Executive Chairman of the Board
Caruso, Joseph 50 2002 President, Chief Executive Officer, Director
Weiner, Paul 45 2002 Chief Financial Officer, Treasurer
Economou, Nicholas 60 1997 Director
Martin, James 73 1997 Director
Pappalardo, A. Neil 67 1997 Director
Cohane, Jeanne 62 2000 Director
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Biographies

Name Description
Valente, Louis Mr. Valente has served as one of the Directors of Palomar Medical Products, Inc since February 1, 1997. Mr. Valente currently serves as Executive Chairman of the Board of Directors. From May 14, 1997 through May 15, 2002, he served as Chief Executive Officer, and on September 15, 1997, he became Chairman of the Board. From 1968 to 1995, Mr. Valente held numerous positions at Perkin Elmer, Inc. (formerly EG&G, Inc.), a provider of drug discovery, research and clinical screening products, services and technologies for the life science industry in addition to products for aerospace, chemical, environmental, medical, photography, security and other global arenas. In 1968, he began his career at EG&G, Inc. as an Assistant Controller and held executive positions, including Corporate Treasurer, before becoming Senior Vice President of EG&G, Inc., presiding over and negotiating acquisitions, mergers and investments. Mr. Valente serves as a director of Medical Information Technology, Inc. and MKS Instruments, Inc., both of which are publicly held companies. Mr. Valente is a Certified Public Accountant and a graduate of Bentley University.
Caruso, Joseph Mr. Caruso is President, Chief Executive Officer, Director. He has served as one of Directors of Palomar Medical Products, Inc since October 2001. Since May 2002, Mr. Caruso has served as the Company's Chief Executive Officer and President. From May 2001 to May 2002, Mr. Caruso served as President and Chief Operating Officer of the Company. From 1992 until May 2002, Mr. Caruso served as Chief Financial Officerof the Company. From 1981 to 1992, Mr. Caruso was Chief Financial Officer for a private manufacturing company and a manager with an international public accounting firm. Mr. Caruso is a Certified Public Accountant and a graduate of Merrimack College.
Weiner, Paul Mr. Weiner has served as Chief Financial Officer and Treasurer of Palomar Medical Products, Inc since October 2002. From August 1995 to October 2002, he served as the Company's Treasurer, Vice President of Finance and Controller. From 1989 to 1994, Mr. Weiner served as the chief financial officer for Hygienetics, Inc., an environmental consulting company and from 1986 to 1989, he worked in public accounting for Ernst & Young and Wolf & Company. Mr. Weiner serves as a member of the Financial Executive Institute. Mr. Weiner is a certified public accountant and a graduate of Bryant College.
Economou, Nicholas Dr. Economou has served as one of Directors of Palomar Medical Products, Inc since November 13, 1997. Dr. Economou is the president of the ALIS Business Unit of Carl Zeiss SMT. He was a co-founder and the chief executive officer of ALIS Corporation, a developer and manufacturer of analytical equipment for the semiconductor, nanotechnology, life sciences and materials industries, which was acquired by Carl Zeiss SMT. Before founding ALIS, Dr. Economou was chief executive officer of Confluent Photonics Corporation, a manufacturer of photonic subsystems. Previously, Dr. Economou was chief operating officer of AXSUN Technologies, a manufacturer of photonic subsystems. Prior to AXSUN, he was chief operating officer of FEI Company (FEIC), a manufacturer of production and analytical equipment for the semiconductor and data storage industries. Prior to FEI, he was chairman, president and chief executive officer of Micrion Corporation (MICN), which merged with FEI in August 1999. In addition to serving on the Board of Palomar, he is also a director on the boards of several private companies. Dr. Economou received his B.A. in physics from Dartmouth College and his M.A. and Ph.D. in physics from Harvard University.
Martin, James Dr. Martin has served as one of Directors of Palomar Medical Products, Inc since June 2, 1997. Since 1995, Dr. Martin has served as the Vice President at Carolinas HealthCare System. From 1993 until 2000, he was also Chairman of the Research Development Board of Carolinas Medical Center. From 1985 until 1993, Dr. Martin was the Governor of North Carolina and from 1973 through 1984, he served as a United States Congressman from North Carolina. Dr. Martin currently serves as a director for Family Dollar, Inc., and DesignLine, Inc. Dr. Martin has a B.S. in chemistry from Davidson College and a Ph.D. in chemistry from Princeton University.
Pappalardo, A. Neil Mr. Pappalardo has served as one of Directors of Palomar Medical Products, Inc since June 1997. Since 1969 Mr. Pappalardo has been the founder and chief executive officer of Medical Information Technology, Inc., a provider of software systems to over 2,000 hospitals in the United States, Canada and the United Kingdom. Mr. Pappalardo serves on the executive committee as well as various other operational and academic committees at M.I.T., and is a trustee of the New England Aquarium and the Boston Lyric Opera. Mr. Pappalardo received his B.S. in electrical engineering from M.I.T.
Cohane, Jeanne Ms. Cohane has served as one of Directors of Palomar Medical Products, Inc since June 7, 2000. Ms. Cohane has over eighteen years of experience in the cosmetic business. Ms. Cohane has spent most of her career in the retail beauty market where she was a senior member of the Crabtree & Evelyn management team and served as Managing Director of their private label company. Crabtree & Evelyn, an international company, is well known and respected for its beauty products and consumer based market approach. Ms. Cohane has many years of experience in strategic planning, business development and product expansion, leadership and management of all areas of operations.

Basic Compensation

Name Fiscal Year Total
Valente, Louis 510,111
Caruso, Joseph 1,056,800
Weiner, Paul 711,658
Economou, Nicholas --
Martin, James --
Pappalardo, A. Neil --
Cohane, Jeanne --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Valente, Louis 401,666 7,969,630
Caruso, Joseph 803,628 20,090,690
Weiner, Paul 472,158 10,493,370
Economou, Nicholas 0 0
Martin, James 0 0
Pappalardo, A. Neil 0 0
Cohane, Jeanne 0 0

Insider Trading

Name Shares Traded Price
COHANE JEANNE 3,600 $9.46
CARUSO JOSEPH P 6,921 $9.42
WEINER PAUL S 5,537 $9.42
WEINER PAUL S 48,777 $0.00
ECONOMOU NICHOLAS P 9,146 $0.00
COHANE JEANNE 9,146 $0.00
VALENTE LOUIS P 60,972 $0.00
CARUSO JOSEPH P 60,972 $0.00
CARUSO JOSEPH P 30,000 $3.19
ECONOMOU NICHOLAS P 5,000 $5.05
ECONOMOU NICHOLAS P 25,000 $0.90
ECONOMOU NICHOLAS P 15,000 $1.00
ECONOMOU NICHOLAS P 35,000 $3.19
ECONOMOU NICHOLAS P 20,000 $1.97
VALENTE LOUIS P 15,525 $10.74
COHANE JEANNE 10,000 $2.81
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