People: Internet Patents Corp (PTNT.O)


PTNT.O on Consolidated Issue listed on NASDAQ Capital Market

3.59USD
18 Jun 2013
Price Change (% chg)

$0.09 (+2.57%)
Prev Close
$3.50
Open
$3.60
Day's High
$3.63
Day's Low
$3.58
Volume
9,440
Avg. Vol
5,622
52-wk High
$4.34
52-wk Low
$3.00

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Summary

Name Age Since Current Position

Hussein Enan

67 2012 Chairman of the Board, Chief Executive Officer

James Corroon

73 1999 Independent Vice Chairman of the Board

Steven Yasuda

45 2012 Chief Financial Officer, Vice President, Chief Accounting Officer, Corporate Controller

L. Eric Loewe

55 2001 Senior Vice President, Secretary, General Counsel

Dennis Chookaszian

69 2003 Independent Director

Thomas Orr

78 2003 Independent Director

Biographies

Name Description

Hussein Enan

Mr. Hussein A. Enan is Chairman of the Board, Chief Executive Officer of Internet Patents Corporation. He is co-founded IPC in February 1995 and has served as its Chairman of the Board since its inception. Mr. Enan served as IPC’s Chief Executive Officer from February 1995 to June 2002 and was reinstated to that position in August 2004. From October 2011 through June 2012, Mr. Enan also served as the Company’s interim Chief Financial Officer. Mr. Enan also served as IPC’s President from May 1999 to June 2000. From March 1992 to November 1994, Mr. Enan was a general partner at E.W. Blanch, a reinsurance intermediary that merged with his own wholly owned company, Enan & Company, a reinsurance intermediary, in March 1992. Mr. Enan founded Enan & Company in February 1979. Due in part to the fact that Mr. Enan is a founder of IPC, brings historic knowledge and continuity to the Board and is its stockholder led the board to conclude that he should serve as a director.

James Corroon

Mr. James M. Corroon is Independent Vice Chairman of the Board of Internet Patents Corporation. Since September 2004, Mr. Corroon has served as Vice Chairman of Fort Point Insurance Services, Inc., an insurance brokerage firm. From July 1999 to December 2000, he was a full-time employee of IPC and a member of the senior management team. Mr. Corroon has been a director of Willis Corroon of California, an insurance services firm, since January 1996. From October 1966 to December 1995, Mr. Corroon held various management positions with Willis Corroon and its predecessor entity, Corroon & Black Corporation. Mr. Corroon’s comprehensive knowledge of the insurance industry led the Board of Directors to conclude that he should serve as a director. In addition, Mr. Corroon provides the Board of Directors with a perspective gained from his long-term service as an executive officer and as a director.

Steven Yasuda

Mr. Steven J. Yasuda is Chief Financial Officer, Vice President, Chief Accounting Officer, Corporate Controller of Internet Patents Corporation. He joined IPC in December 1999 as Manager, Budget and Reporting and has been the Corporate Controller since September 2001. On September 2004, he was promoted to Vice President, Corporate Controller. On April 16, 2007, Mr. Yasuda took on the additional role of Chief Accounting Officer and in June 2012 was appointed as the Company’s Chief Financial Officer. Mr. Yasuda is responsible for all accounting and finance related functions of the Company. From 1997 to 1999, Mr. Yasuda worked in the operations accounting department of Electronic Arts. Mr. Yasuda has been licensed as a CPA since August 1994, but has an inactive status, as permitted by the California Board of Accountancy.

L. Eric Loewe

Mr. L. Eric Loewe is Senior Vice President, Secretary, General Counsel of Internet Patents Corporation. He joined IPC in October 1998 as Corporate Counsel, Legal and Regulatory, responsible for all regulatory compliance issues, and has served as Senior Vice President and General Counsel since September 2000 and as Secretary since July 2001. Mr. Loewe held various positions with the National Association of Independent Insurers (the “NAII”) from January 1980 to September 1998. As Senior Counsel for the NAII, Mr. Loewe was responsible for legislation and regulations affecting its 570 member companies. Mr. Loewe is a member of the Illinois and California bars.

Dennis Chookaszian

Mr. Dennis H. Chookaszian is Independent Director of Internet Patents Corporation., since April 2003. From November 1999 until he retired in February 2001, Mr. Chookaszian was Chairman and Chief Executive Officer of mPower Advisors, L.L.C., a financial advice provider focused on the online management of 401(k) plans. From September 1992 to February 1999, Mr. Chookaszian served as Chairman and Chief Executive Officer of the CNA insurance company, and prior to that held the positions of President and Chief Operating Officer (1990-1992) and Chief Financial Officer (1975-1990), respectively, of that company. Mr. Chookaszian serves on the boards of the Chicago Mercantile Exchange, Career Education Corporation, a postsecondary education provider, AllScripts Healthcare Solutions, Inc., a provider of information and services to the healthcare industry, and Sapient Corporation, a provider of marketing and technology services to businesses. In December 2006, Mr. Chookaszian was named chairman of the Financial Accounting Standards Advisory Council.

Thomas Orr

Mr. Thomas W. Orr is Independent Director of Internet Patents Corporation., since January 2003. Mr. Orr was a partner in the accounting firm of Bregante and Company from January 1992 to June 2002. From 1987 to 1991, Mr. Orr was Chief Financial Officer of Scripps League Newspaper, Inc. Prior to 1987, Mr. Orr worked for the accounting firm of Arthur Young & Company (predecessor to Ernst & Young, LLP) from 1958 until he retired as an audit partner in 1986. He is a director of AeroCentury Corporation, an aircraft operating lessor and finance company. Mr. Orr’s experience in accounting and financial reporting led the Board to conclude that he should serve as a director.

Basic Compensation

Name Fiscal Year Total

Hussein Enan

577,777

James Corroon

--

Steven Yasuda

273,717

L. Eric Loewe

378,483

Dennis Chookaszian

--

Thomas Orr

--
As Of 30 Dec 2011

Options Compensation

Name Options Value

Hussein Enan

314,778 78,750

James Corroon

0 0

Steven Yasuda

0 0

L. Eric Loewe

146,172 60,777

Dennis Chookaszian

0 0

Thomas Orr

0 0
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