People: Sanders Morris Harris Group Inc. (SMHG.O)

SMHG.O on Nasdaq

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Summary

Name Age Since Current Position
Ball, George 70 2002 Chairman of the Board
Morris, Ben 63 2002 Chief Executive Officer, Director
Edelman, Fredric 50 2009 President, Director
Sanders, Don 72 2000 Vice - Chairman of the Board
Berry, Rick 55 2001 Chief Financial Officer
McMaken, Bruce 49 2008 Executive Vice President - Corporate
Unger, John 57 2005 Senior Vice President, General Counsel
Waltrip, W. Blair 54 1999 Director
Bean, Richard 65 2003 Director
Duncan, Charles 49 2004 Director
McClelland, Scott 52 2004 Director
Niemi, Albert 66 2004 Director
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Biographies

Name Description
Ball, George Mr. Ball is Chairman of Sanders Morris Harris Group Inc. He was appointed to the Board of Directors of company on February 1, 2000, as part of merger with Sanders Morris Mundy Inc. (the “Sanders Transaction”) and has served as Chairman since May 2002. At the time of the Sanders Transaction, he served as Chairman of the Board and a director of Sanders Morris Mundy Inc. Mr. Ball also serves as Chairman of the Board and a director of SMH Capital Inc. (“SMH”), as a director of SMH Capital Advisors, Inc. (“SMCA”), and on the management committee of Salient Capital Management, LLC (“SCM”), the general partner of Salient Partners, L.P. and Salient Trust Company, LTA (“Salient Trust”), Edelman Financial Center, LLC, and Select Sports Group Holdings, LLC (“SSG”). He served as a director of Sanders Morris Mundy Inc. from May 1992 to February 2000 and was its non-executive Chairman of the Board from May 1992 to July 1997. From September 1992 to January 1994, Mr. Ball was a Senior Executive Vice President of Smith Barney Shearson Inc. From September 1991 to September 1992, he was a consultant to J. & W. Seligman & Co. Incorporated. Mr. Ball served as President and Chief Executive Officer of Prudential-Bache Securities, Inc. from 1982 until 1991 and Chairman of the Board from 1986 to 1991. He also served as a member of the Executive Office of Prudential Insurance Company of America from 1982 to 1991. Before joining Prudential, Mr. Ball served as President of E.F. Hutton Group, Inc. Mr. Ball is a former governor of the American Stock Exchange and the Chicago Board Options Exchange, and served on the Executive Committee of the Securities Industries Association. Mr. Ball serves as a director of Nestor, Inc., a leading provider of advanced intelligent traffic management solutions, and RediClinic, LLC, a leading provider of high-quality convenience care centers located in retail stores.
Morris, Ben Mr. Morris is Director of Sanders Morris Harris Group Inc. He was appointed to the Board of Directors on February 1, 2000, as part of the Sanders Transaction and has served as Chief Executive Officer since May 2002. He co-founded Sanders Morris Mundy Inc. in 1987 and served as its President and Chief Executive Officer and as a director at the time of the Sanders Transaction. Since the Sanders Transaction, Mr. Morris has served as President, Chief Executive Officer, and a director of SMH. Mr. Morris served as the Chief Operating Officer of Tatham Corporation from 1980 to 1984. From 1973 to 1980, he served in a number of executive positions with Mid-American Oil and Gas, Inc. and predecessor companies, and was its President from 1979 to 1980. Mr. Morris is a certified public accountant.
Edelman, Fredric Mr. Fredric Edelman is President and Director of Sanders Morris Harris Group Inc since February 2009. Mr. Edelman, has served as Chairman and Chief Executive Officer of The Edelman Financial Center, LLC since May 2005, when the Company acquired a 51% ownership interest. From December 1987 to May 2005, he owned and managed Edelman Nebel Financial Services, renamed Edelman Financial Services, Inc. in 1991. Barron’s has ranked Mr. Edelman among America’s 100 top financial advisors in 2004, 2005, 2006, 2007, and 2008. In 2004, he was inducted into the Financial Advisor Hall of Fame and ranked the No. 1 advisor in the nation by Research Magazine for his focus on the individual client. Mr. Edelman was named Entrepreneur of the Year for Washington, D.C. by Ernst & Young in 2001. He has written seven books on personal finance: The Truth About Money, which was named Book of the Year by Small Press magazine, The New Rules of Money, Ordinary People, Extraordinary Wealth, What You Need to Do Now, Discover the Wealth Within You, The Lies About Money, and Rescue Your Money. The Ric Edelman Show, broadcast on the Citadel Media Radio Network, can be heard on radio stations throughout the country. He was named Best Talk Show Host in 1993 by the Achievement in Radio Awards (A.I.R.). He served as Chairman of the Board of the United Way of the National Capital Area in 2006 and 2007. He also serves on the boards of the Boys & Girls Clubs of America, the Boys & Girls Clubs of Greater Washington, D.C. and its foundation. He received his B.A. degree from Glassboro State College in 1980 and an Honorary Doctorate from Rowan University in 2004. Mr. Edelman holds six professional designations.
Sanders, Don Mr. Sanders is Director of Sanders Morris Harris Group Inc. He was appointed to the Board of Directors on February 1, 2000, as part of the Sanders Transaction. At the time of the Sanders Transaction, he served as Chairman of the Executive Committee and as a director of Sanders Morris Mundy Inc., which he co-founded in 1987. Mr. Sanders also serves as the investment manager of the Sanders Opportunity Funds, private investment funds sponsored by SMH. He also serves on the management committee and is an owner of the Round Rock Baseball Company, L.P. and serves on the boards of several Houston-based community organizations. Since the Sanders Transaction, he has served as the Vice-Chairman and as one of the directors and as a director of SMH. From 1987 to 1996, Mr. Sanders was President of Sanders Morris Mundy Inc. Before joining Sanders Morris Mundy Inc., he was employed by E.F. Hutton & Co., Inc. where he served from 1959 in various capacities, including as an Executive Vice President of E.F. Hutton from 1982 to 1987 and as a member of its board of directors from 1983 to 1987.
Berry, Rick Mr. Berry has served as Chief Financial Officer of Sanders Morris Harris Group Inc since February 2001 and as Principal Financial Officer since June 2000. He also serves as Chief Financial Officer of SMH and SMCA. From March 1999 to April 2000, Mr. Berry served as Executive Vice President, Chief Financial Officer, Secretary and a director of Petrocon Engineering, Inc. From April 1998 to March 1999, Mr. Berry was Executive Vice President and Chief Financial Officer of OEI International, Inc. Mr. Berry was Secretary of TEI, Inc. from January 1997 to April 1998, and the Executive Vice President, Chief Financial Officer, and Treasurer of TEI from December 1991 to April 1998. Mr. Berry is a certified public accountant.
McMaken, Bruce Mr. McMaken was elected Executive Vice President - Corporate of Sanders Morris Harris Group Inc on March 7, 2008. Mr. McMaken joined SMH in 1992 and prior to his election was a Senior Vice President. He serves as a manager for the SMH Private Equity Group Funds I and II and for The M.D. Anderson Proton Therapy Center, a for-profit venture between The University of Texas M.D. Anderson Cancer Center, the Company, and private investors that developed and operates a cancer treatment facility in Houston. He currently serves on the boards of Tantalus Systems Corp., which provides advanced, wireless metering systems for utilities, and of Compact Power, Inc., a manufacturer and distributor of compact labor-saving power equipment. He received his B.A. degree from Cornell University in 1981.
Unger, John Mr. Unger has served as Senior Vice President and General Counsel of Sanders Morris Harris Group Inc. since July 2005. Mr. Unger was a partner in the law firm of Thompson & Knight LLP from May 2000 until June 2005 and currently serves as Of Counsel to such firm. Previously he was a shareholder in the law firm of Snell & Smith, P.C. from its founding in 1993 to May 2000, and was a partner in the law firm of Butler & Binion LLP from 1988 to 1993. He has more than 25 years experience in the areas of corporate and securities law.
Waltrip, W. Blair Mr. Waltrip is Director of Sanders Morris Harris Group Inc. He was elected a director in January 1999 and as a director of TEI, Inc., our predecessor issuer, in July 1988. He is also a director of Service Corporation International, a public funeral and cemetery company, and was employed in various capacities by that company from 1977 until January 2000, last serving as an Executive Vice President for more than five years.
Bean, Richard Mr. Bean is Director of Sanders Morris Harris Group Inc. He has been a certified public accountant since 1968 and since 1976 has been the Executive Vice President and a director of Pearce Industries Inc., a privately held company that markets a variety of oilfield equipment and machinery. Mr. Bean also served as Chief Financial Officer of Pearce Industries Inc. from 1976 to 2004. In addition, Mr. Bean has served as a director and audit committee member of FirstCity Financial Corporation, a public financial services company, since July 1995 and was elected Chairman of the Board in December 2005. Mr. Bean served as a member of the Portfolio Administration Committee of FirstCity Liquidating Trust from July 1995 until February 2004 when the trust was terminated and distributed its assets. He also serves as a director, chairman of the audit committee, and a member of the compensation committee of WCA Waste Corporation, a public waste collection and disposal company. Mr. Bean is also a stockholder and director of several closely held corporations. Mr. Bean is involved in numerous civic organizations such as the Houston Livestock Show and Rodeo where he serves as Director and member of the audit committee.
Duncan, Charles Mr. Duncan is Director of Sanders Morris Harris Group Inc. He has spent his entire career in investment banking or private equity investing and has served as President of Duncan Equities, Inc. since 1990. Duncan Equities, Inc. is active in structuring financings for, directly investing in, and providing strategic advice to, small to medium sized private companies, primarily located in Texas. In that capacity, Mr. Duncan serves on the boards of directors, and is involved in the operations, of several private companies. In addition, he serves on the board of several non-profit institutions and foundations including the board of directors of the University of Texas Medical Branch in Galveston, Communities in Schools, Houston, and The Methodist Hospital Research Institute.
McClelland, Scott Mr. McClelland is Director of Sanders Morris Harris Group Inc. He is President of H.E. Butt (“H-E-B”) Grocery Company’s Houston and Central Market Division. H-E-B is the 13th largest grocery chain in the United States with over 55,000 employees and 300 stores in Texas and Northern Mexico. Mr. McClelland joined H-E-B in 1990 as Vice President of Operations for the Austin Region. After transferring to H-E-B corporate headquarters in San Antonio in 1991, Mr. McClelland has held several leadership positions for the company including Vice President of General Merchandise Marketing and Group Vice President, DrugStore. In 1995 he was promoted to Senior Vice President of Marketing followed by a promotion to Chief Merchandising Officer in 2000. His responsibilities were expanded to include Central Market in late 2001. Prior to joining H-E-B, he worked for Pepsico’s Frito Lay Division for 10 years. Mr. McClelland serves on the Board of Directors for the Greater Houston Partnership and Memorial Hermann Hospital System. He also serves on the University of Texas Business Advisory Council and the Advisory Committee for McCombs School of Business at the University of Texas at Austin.
Niemi, Albert Dr. Niemi is Director of Sanders Morris Harris Group Inc. He is the Dean of the Edwin L. Cox School of Business at Southern Methodist University, where he also holds the Tolleson Chair in Business Leadership. Before joining SMU, Dr. Niemi served as Dean of the Terry College of Business at the University of Georgia from 1982 to 1996. Dr. Niemi graduated cum laude from Stonehill College with an A.B. in economics and earned an M.A. and Ph.D. in economics from the University of Connecticut. Dr. Niemi is a member of the Business Accreditation Committee of the American Assembly of Collegiate Schools of Business and has chaired or served as a member on the accreditation review teams to more than 20 universities. Dr. Niemi recently completed terms on the Boards of Governors of the American Association of University Administrators and Beta Gamma Sigma. Dr. Niemi has served on the board of Titanium Metals Corporation, a public producer of titanium products, since 2001 and is the Chair of its audit committee and is a member of its compensation and pension committees. He also serves on the board of directors of Stonehill College and on the advisory boards of TXU Dallas and Bank of Texas, N.A.

Basic Compensation

Name Fiscal Year Total
Ball, George 225,000
Morris, Ben 225,000
Edelman, Fredric --
Sanders, Don 450,000
Berry, Rick 453,950
McMaken, Bruce 378,950
Unger, John 386,975
Waltrip, W. Blair --
Bean, Richard --
Duncan, Charles --
McClelland, Scott --
Niemi, Albert --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Ball, George 31,250 436,637
Morris, Ben 31,250 436,637
Edelman, Fredric 0 0
Sanders, Don 37,500 523,965
Berry, Rick 67,500 762,570
McMaken, Bruce 0 0
Unger, John 0 0
Waltrip, W. Blair 0 0
Bean, Richard 0 0
Duncan, Charles 0 0
McClelland, Scott 0 0
Niemi, Albert 0 0

Insider Trading

Name Shares Traded Price
BALL GEORGE L 5,000 $0.00
MORRIS BENJAMIN T 15,000 $0.00
BEAN RICHARD E 2,000 $5.22
BEAN RICHARD E 5,000 $5.21
BEAN RICHARD E 1,000 $5.22
BEAN RICHARD E 2,000 $5.22
MCCLELLAND SCOTT 2,470 $5.32
DUNCAN CHARLES WILLIAM III 2,000 $5.32
WALTRIP WILLIAM BLAIR 2,000 $5.32
BEAN RICHARD E 2,000 $5.32
MCCLELLAND SCOTT 2,000 $5.32
NIEMI ALBERT W JR 3,087 $5.32
WALTRIP WILLIAM BLAIR 2,470 $5.32
BEAN RICHARD E 3,087 $5.32
DUNCAN CHARLES WILLIAM III 3,087 $5.32
NIEMI ALBERT W JR 2,000 $5.32
BEAN RICHARD E 1,000 $5.15
BEAN RICHARD E 1,000 $5.17
BEAN RICHARD E 2,000 $5.16
BEAN RICHARD E 1,000 $5.23
BEAN RICHARD E 500 $5.20
BEAN RICHARD E 1,000 $5.14
BEAN RICHARD E 4,000 $5.25
BEAN RICHARD E 402 $5.15
BEAN RICHARD E 1,000 $5.15
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