People: Patient Safety Technologies, Inc. (PSTX.OB)

PSTX.OB on OTC BB

1.55USD
9 Feb 2010
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$0.05 (+3.33%)
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Summary

Name Age Since Current Position
Chase, Howard 73 2010 Chairman of the Board
Kane, Steven 56 2010 President, Chief Executive Officer, Director
Rose, Marc 44 2009 Chief Financial Officer, Treasurer, Corporate Secretary
Stewart, Brian 37 2009 Vice President - Business Development
Glazer, Louis 78 2006 Director
Langsam, Herbert 78 2004 Director
Lin, Wenchen 53 2007 Director
Francis, John 43 2007 Director
McFarland, Loren 50 2009 Director
Bauer, Eugene 67 2010 Director
Hitchcock, William 2010 Director
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Biographies

Name Description
Chase, Howard Mr. Howard E. Chase has been appointed as the Chairman of the Board of Patient Safety Technologies, Inc. Since December 2001, he has served as President and Chief Executive Officer of The Hollandbrook Group, LLC, which provides advisory, director and executive services to early stage companies. Mr. Chase served as President and Chief Executive Officer of Carret Holdings, Inc. (formerly Matrix Global Investments, Inc.), a holding company for asset management businesses, from June 1999 until December 2001. Mr. Chase served as President and Chief Executive Officer of Trident Rowan Group, Inc., a U.S. public holding company with interests in certain Italian companies and real estate, from September 1993 to March 1998 and served as Chairman of the Board of TRGI from March 1998 to December 1999. From 1984 to August 1995, Mr. Chase was a partner in the law firm of Morrison Cohen Singer & Weinstein, LLP in New York City. Mr. Chase served on the board of Thoatec Corporation from 1986 until May 2009. Mr. Chase currently sits on the board of several companies, including ThinGap LLC, an electrical motor manufacturer, and the Music Academy of the West, a Santa Barbara, California non-profit organization. Mr. Chase earned his bachelor’s degree from Harvard University and his law degree from Harvard Law School.
Kane, Steven Mr. Steven H. Kane has been appointed as the President, Chief Executive Officer, Director of Patient Safety Technologies, Inc. Mr. Kane has served as the Company’s President and Chief Executive Officer since May 2009, and has served as a Director of the Company since November 26, 2007 and was appointed Chairman February 7, 2008. Before joining the Company as President and Chief Executive Officer in May 2009, Mr. Kane was the President, Chief Executive Officer and Director of Protalex, Inc. (OTCBB: PRTX) from 2002 to 2009 and has over 30 years experience in the health care industry. From April 1997 to August 2000, Mr. Kane served as Vice President of North American Sales & Field Operations for Aspect Medical. While at Aspect, he helped guide the company to a successful initial public offering in January 2000. Prior to Aspect, Mr. Kane was Eastern Area Vice President for Pyxis Corporation, where he was instrumental in positioning the company for its successful initial public offering in 1992. Pyxis later was acquired by Cardinal Health for $1 billion. Prior to that, Mr. Kane worked in sales management with Eli-Lilly and Becton Dickinson.
Rose, Marc Mr. Marc L. Rose serves as Chief Financial Officer, Treasurer, Corporate Secretary of Patient Safety Technologies, Inc. From November 2004 through November 2009, Mr. Rose served as Vice President Finance and Chief Financial Officer of Protalex, Inc., a development stage company engaged in developing a class of biopharmaceutical drugs for treating autoimmune and inflammatory diseases. Mr. Rose also served as Corporate Secretary of Protalex, Inc. from April 2005 through November 2009. From March 2001 to November 2004, Mr. Rose served as Vice President and Chief Financial Officer of the DentalEZ Group, a privately held manufacturer of dental equipment and dental handpieces located in Malvern, PA. From January 1998 to March 2001, Mr. Rose was Practice Manager of Oracle Consulting Services for Oracle Corporation responsible for designing and implementing Oracle financial and project applications. From September 1990 to January 1998, Mr. Rose held several positions with the controllership organization of Waste Management, Inc and from June 1988 to September 1990, was an auditor with Ernst & Young in Philadelphia. Mr. Rose is a Certified Public Accountant in the Commonwealth of Pennsylvania and received his BA in Accounting/Finance from Drexel University.
Stewart, Brian Mr. Brian E. Stewart, Co-Founder, has served as Vice President Business Development of Patient Safety Technologies, Inc. since January 2009. Prior to returning to SurgiCount, Mr. Stewart worked in the investment banking division of Credit Suisse from 2007 to 2009 and CIBC World Markets from 2002 to 2007. In addition to his investment banking and entrepreneurial experience, Mr. Stewart’s previous experience includes Strome Investment Management, a hedge fund in Santa Monica, CA. Mr. Stewart received his Masters of Business Administration from The Anderson School at UCLA and his Bachelor of Arts in Economics from UCLA where he graduated Phi Beta Kappa and Summa Cum Laude.
Glazer, Louis Dr. Louis Glazer, M.D., Ph.G., has served as a Director of the Company since October 22, 2004. From 2004 to 2006, Dr. Glazer has served in various positions of the Company, including Chairman of the Board, Chief Executive Officer, Vice-Chairman and Chief Health and Science Officer, overseeing the development of the Company’s Safety-Sponge™ system. Until 2002, Dr. Glazer served as the chief anesthesiologist and medical director for the Vitreo-Retinal Clinic in Memphis, Tennessee for over 25 years. Prior to that, Dr. Glazer taught obstetrics anesthesia at the University of Tennessee, while practicing anesthesiology at numerous hospitals in Memphis, Tennessee. Dr. Glazer received his Bachelor of Science in pharmacy from the University of Oklahoma and his Doctorate of Medicine from the University of Bologna School of Medicine in Italy. He presently serves on the Executive Council of the Center for Patient Safety Research and Practice at Harvard Medical School and the Brigham and Women’s Hospital in Boston, MA.
Langsam, Herbert Mr. Herbert Langsam has served as a Director of Patient Safety Technologies, Inc. since October 22, 2004. Since 1999, Mr. Langsam has also served as president of Medicare Recoveries, Inc., a private company located in Oklahoma City, Oklahoma, focused on providing Medicare claims and recovery services. Mr. Langsam serves as a member of the board of trustees for the Geriatric Research Drug Therapy Institute and as an adjunct professor at the University of Oklahoma Pharmacy School. Previously, Mr. Langsam was the founder, president and chief executive officer of Langsam Health Services, a conglomerate of health care companies that serviced 17,000 long-term care residents, which was acquired by Omnicare, Inc. in 1991. Mr. Langsam also served as the vice president of pharmacy services for Omnicare, Inc. following its acquisition of Langsam Health Services. Mr. Langsam received his Bachelor of Science in pharmacy from the University of Oklahoma.
Lin, Wenchen Mr. Wenchen Lin has served as a Director of Patient Safety Technologies, Inc. since March 28, 2007. Mr. Linhas almost twenty years experience as the President and founder of A Plus International, a manufacturer producing a variety of surgical dressings, film and plastic products and servicing the custom procedural tray industry on cotton textile products. A Plus has established relationships with key market leaders in the industries A Plus services. Mr. Lin began his career serving in executive positions in large trade and shipping companies, such as Trade Diversified, Inc. and Brother Trucking Co. and has substantial knowledge and experience in oversees factories, trade, transport and distribution. Mr. Lin received his Masters of Business Administration from Ohio University and his accounting degree from Taiwan Suzhou University.
Francis, John Mr. John P. Francis has served as a Director of Patient Safety Technologies, Inc. since November 26, 2007. Mr. Francis has served as Managing Member of Francis Capital Management, LLC, an investment management firm specializing in small capitalization equities, since 2000. Mr. Francis has over eighteen years of experience in investment management, finance and accounting. Mr. Francis earned his bachelor’s degree in economics and Masters of Business Administration from the Anderson School of Business at the University of California, Los Angeles.
McFarland, Loren Mr. Loren L. McFarland has served as a Director of Patient Safety Technologies, Inc. since June 22, 2009. He is currently an independent consultant providing financial advisory services to start-ups in the medical device industry. He served as Chief Financial Officer and Treasurer of Mentor Corporation, a NYSE listed medical device company from May 2004 to November 2007. From 1985 to 2004 he filled various financial positions at Mentor including Vice President of Finance and Corporate Controller from 2001 to May 2004, Controller from 1989 to 2001, Assistant Controller from 1987 to 1989 and General Accounting Manager from 1985 to 1987. Prior to his employment with Mentor, Mr. McFarland was employed by Touché Ross and Co., a public accounting firm, as a Certified Public Accountant and auditor from 1981 to 1985. Mr. McFarland earned his bachelor’s degree in Business Administration and Accounting from the University of North Dakota and a master’s degree in Business Administration from the Anderson School at University of California at Los Angeles in 1999. Mr. McFarland recently completed the ISS Director Certification Program at UCLA.
Bauer, Eugene Dr. Eugene Andrew Bauer M.D. has been appointed as the Director of Patient Safety Technologies, Inc. He is President & Chief Medical Officer and immediate past member (2006-2009) of the Board of Directors of Peplin, Inc., a dermatology company that was, until recently, traded on the ASX in Australia. In 2009, Peplin was acquired by LEO Pharma of Denmark and is now privately held. From 2004 to 2008, Dr. Bauer was Chief Executive Officer and board member of Neosil Inc., a privately held biotechnology company that was acquired by Peplin in 2008. Dr. Bauer currently serves on the Board of Medgenics, Inc., (LSE/AIM: MEDG) and from 2004-2008, served as a Director of Modigene, Inc. (now Prolor: PBTH). From 2002 to 2004, Dr. Bauer was a Senior Client Partner with Korn/Ferry International. Dr. Bauer served as Vice President for the Stanford University Medical Center from 1997 to 2001, and as Dean of the Stanford University School of Medicine from 1995 through 2001. Dr. Bauer was a founder of Connetics Corp. and served as an Emeritus Director of Connetics until its sale to Stiefel Laboratories in 2006. Since 1988, he has been Professor, Department of Dermatology, Stanford University School of Medicine, and was Chief of the Dermatology Service at Stanford University Hospital from 1988 to 1995. From 1982 to 1988, he was a professor at Washington University School of Medicine. Dr. Bauer has served as Chairman of two National Institutes of Health study sections of the National Institute of Arthritis and Musculoskeletal and Skin Diseases and has served on a board of scientific counselors for the National Cancer Institute. Dr. Bauer is a former director of several professional societies, including the American Dermatological Association and the Society of Investigative Dermatology, both non-profit organizations. Dr. Bauer holds B.S. and M.D. degrees from Northwestern University.
Hitchcock, William Mr. William M. Hitchcock has been appointed as the Director of Patient Safety Technologies, Inc. He is President of Pembroke Capital LLC, a private investment partnership. He was a co-founder of Plains Resources Inc. and Chairman from 1981 through 1992. Mr. Hitchcock remained on the Plains Resources board until 2004. Mr. Hitchcock has served on a number of public company boards, including Thoratec Corporation, Maxx Petroleum, International Colin Energy, and Oshman's Inc. Mr. Hitchcock currently serves on a number of private company boards. Earlier in his career, he worked for Lazard Bros. in London, and Delafield & Delafield and Lehman Bros. in New York City. Currently, Mr. Hitchcock serves on a number of charitable boards: The Texas Heart Institute, The Houston Grand Opera, The Houston Grand Opera Endowment, The Margaret M. Hitchcock Foundation, and the Hitchcock Woods Foundation.

Basic Compensation

Name Fiscal Year Total
Chase, Howard --
Kane, Steven --
Rose, Marc --
Stewart, Brian --
Glazer, Louis 26,100
Langsam, Herbert --
Lin, Wenchen --
Francis, John --
McFarland, Loren --
Bauer, Eugene --
Hitchcock, William --
As Of 30 Dec 2007

Options Compensation

Name Options Value
Chase, Howard 0 0
Kane, Steven 0 0
Rose, Marc 0 0
Stewart, Brian 0 0
Glazer, Louis 90,000 0
Langsam, Herbert 0 0
Lin, Wenchen 0 0
Francis, John 0 0
McFarland, Loren 0 0
Bauer, Eugene 0 0
Hitchcock, William 0 0

Insider Trading

Name Shares Traded Price
LANGSAM HERBERT 25,000 $1.65
GLAZER LOUIS 60,000 $0.86
LANGSAM HERBERT 65,000 $0.86
STEWART BRIAN 200,000 $0.86
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