People: Somanetics Corp (SMTS.O)

SMTS.O on Nasdaq

15.81USD
9 Feb 2010
Price Change (% chg)

$0.18 (+1.15%)
Prev Close
$15.81
Open
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Day's High
$15.92
Day's Low
$15.60
Volume
75,115
Avg. Vol
81,019
52-wk High
$18.70
52-wk Low
$10.18

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Summary

Name Age Since Current Position
Barrett, Bruce 50 1994 President, Chief Executive Officer, Director
Iacona, William 39 2006 Chief Financial Officer, Vice President, Treasurer, Controller
Spadafore, Dominic 49 2007 Senior Vice President, U.S. Sales and Marketing
Anderson, Arik 43 2009 Senior Vice President - R&D and Operations
Victor, Mary 52 2006 Vice President, Chief Administrative Officer, Secretary
Follis, Daniel 71 1989 Director
Ausman, James 71 1994 Director
Sorensen, Richard 53 2006 Director
Jumper, John 64 2007 Director
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Biographies

Name Description
Barrett, Bruce Mr. Bruce J. Barrett has served as President, Chief Executive Officer, Director of Somanetics Corporation since June 1994. Earlier in his career, Mr. Barrett served as the Director, Hospital Products Division, for Abbott Laboratories, Ltd., a health care equipment manufacturer and distributor, and as the Director, Sales and Marketing, for Abbott Critical Care Systems, a division of Abbott Laboratories, Inc., a health care equipment manufacturer and distributor. While at Abbott Critical Care Systems, Mr. Barrett managed Abbott’s invasive oximetry products for approximately four years. Prior to joining Abbott Laboratories, he served as the group product manager of hemodynamic monitoring products of Baxter Edwards Critical Care, an affiliate of Baxter International, Inc., another health care equipment manufacturer and distributor. Mr. Barrett received a B.S. degree in marketing from Indiana State University and an M.B.A. degree from Arizona State University. Mr. Barrett is a party to an employment agreement with the Company that requires the Company to elect him to the offices he currently holds.
Iacona, William Mr. William M. Iacona has served as Chief Financial Officer, Vice President, Treasurer, Controller of Somanetics Corporation. He has served as Vice President and Chief Financial Officer of the Company since January 2006, as Treasurer of the Company since February 2000 and as Controller of the Company since April 1997. From December 2000 until January 2006, he served as Vice President, Finance of the Company. Before joining the Company, he was in the Finance Department of Ameritech Advertising Services, a telephone directory company and a division of Ameritech Corporation (now AT&T), and was on the audit staff of Deloitte & Touche LLP, independent auditors. He is a certified public accountant and received a B.S. degree in accounting from the University of Detroit.
Spadafore, Dominic Mr. Dominic J. Spadafore has served as Senior Vice President, U.S. Sales and Marketing of Somanetics Corporation since December 2007. From August 2002 until December 2007, he served as Vice President, U.S. Sales and Marketing of the Company. Mr. Spadafore previously served, from July 2000 until July 2002, as National Sales and Clinical Director of the Cardiac Assist Division of Datascope Corporation, a medical device company that manufactures and markets healthcare products including medical devices used in high-risk cardiac patients. In this position, Mr. Spadafore supervised approximately 50 sales and clinical personnel and approximately $80 million in domestic revenues. From July 1997 until July 2000, he served as Western Area Manager of the Patient Monitoring Division of Datascope Corporation, and prior to that he held field sales representative and regional manager positions with progressive responsibilities with Datascope Corporation. Earlier in his career Mr. Spadafore was a sales representative with the Upjohn Company, a pharmaceutical manufacturer, and a sales representative with White and White Incorporated, a medical supply distributor. He received a BA degree in pre-medicine from Oakland University. Mr. Spadafore is a party to an employment agreement with the Company that requires to elect him to the office he currently holds.
Anderson, Arik Mr. Arik A. Anderson served as Senior Vice President - R&D and Operations since January 2009. From October 2007 until January 2009, he served as Company's Senior Vice President, Research and Development. From July 2005 until joining Somanetics, Mr. Anderson served as Director of Product Development for Delphi Medical Systems, a provider of technology and products to the infusion, respiratory care, vital signs monitoring and power mobility medical device markets. He was in charge of a team of 45 engineers in the United States, Mexico and India who supported existing products and developed next generation products. From April 2004 until July 2005, Mr. Anderson was the President and Chief Executive Officer of Tasso Solutions, a product development and manufacturing consulting firm specializing in helping companies outsource design and manufacturing work. From December 2002 until April 2004, Mr. Anderson was the Vice President of Engineering Services for TriVirix International, a design and manufacturing services company focused specifically on the medical device industry, serving customers such as Johnson & Johnson and Medtronic. In this capacity, Mr. Anderson was in charge of 50 engineers for TriVirix in the U.S. and Europe. Mr. Anderson received a Bachelor of Science degree in Electrical and Computer Engineering from the University of Wisconsin - Madison.
Victor, Mary Ms. Mary Ann Victor has served as Vice President, Chief Administrative Officer, General Counsel and Secretary of Somanetics Corporation. She has served as General Counsel of the Company since September 2009, as Vice President, Chief Administrative Officer of the Company since January 2006 and as Secretary of the Company since January 1998. From January 1998 until January 2006, she served as Company's Vice President, Communications and Administration. Prior to that she was Director, Communications and Administration of the Company. Her prior experience includes various investor relations and public relations positions with publicly-held companies. She also is an attorney and practiced with the law firm Varnum Riddering Schmidt & Howlett. Ms. Victor received a B.S. in political science from the University of Michigan and a J.D. from the University of Detroit.
Follis, Daniel Daniel S. Follis has served as one of directors of Somanetics Corp since April 1989. Since 1981, he has served as President of Verschuren & Follis, Inc., which advises and administers The Infinity Fund, a limited partnership that invests in emerging growth companies. Since 1995 he has also served as President of Follis Corporation, a sales and marketing company engaged in media sales, television production, serving as a manufacturer’s representative and investment management. Mr. Follis received a B.A. degree in business from Michigan State University.
Ausman, James James I. Ausman, M.D., Ph.D. Dr. has served as one of Somanetics Corp directors since June 1994. He has been Clinical Professor of Neurosurgery at the University of California at Los Angeles since 2005 and Professor of the Department of Neurosurgery at the University of Illinois at Chicago since 1991 and served as its head from 1991 until September 2001. Since January 2006, he has served as Chief Executive Officer, Waymaster Corporation, a television production company, and since November 2007 he has served as President and Chief Executive Officer, Future Healthcare Strategies, a healthcare consulting company. Since 1994, he has also been the editor of Surgical Neurology. He serves as the medical expert for KMIR 6 TV in Palm Desert, California. From August 2006 until December 2007 he served as a consultant for Sg2 LLC, a healthcare consulting firm. From July 2002 until December 2005, he served as a consultant for Navigant Consulting, Inc. (formerly The Tiber Group), a healthcare strategic planning and market research company. From September 1978 until August 1991, he was Chairman of the Department of Neurosurgery at Henry Ford Hospital in Detroit. From December 1987 until July 1991, he served as Director of the Henry Ford Neurosurgical Institute, also at Henry Ford Hospital. In addition, he was Clinical Professor of Surgery, Section of Neurosurgery at the University of Michigan in Ann Arbor from 1980 until 1991. Dr. Ausman received a B.S. degree in chemistry and biology from Tufts University, a Doctorate of Medicine from Johns Hopkins University School of Medicine, a Masters of Arts in Physiology from the State University of New York at Buffalo, and a Ph.D. in Pharmacology from George Washington University. He has also received graduate training in neurosurgery at the University of Minnesota and has obtained board certification from the American Board of Neurological Surgery.
Sorensen, Richard Richard R. Sorensen has served as one of directors of Somanetics Corp since June 2006. Since May 2007 he has served as Treasurer and Chief Financial Officer of U.S. Health Holdings Ltd and its wholly-owned subsidiaries U.S. Health and Life Insurance Company, a group health and life insurance company, and Automated Benefit Services, Inc., a third party administrator. From June 2005 to May 2007, he served as a financial advisor with UBS Financial Services, Inc., a firm providing financial advisory and brokerage services. From September 1998 to June 2005, he served at Superior Consultant Holdings Corporation, a publicly-traded provider of information technology, consulting and outsourcing to hospitals and healthcare systems, most recently as its Chief Financial Officer from October 2000 to June 2005. Superior Consultant Holdings Corporation merged with Affiliated Computer Services, Inc. in January 2005. Previously he served as an audit partner with Plante & Moran LLP, a professional service firm, including an independent registered public accounting firm, providing tax, assurance and business consulting services in Michigan, Ohio and Illinois. Mr. Sorensen received a BBA degree in accounting from University of Michigan.
Jumper, John John P. Jumper has served as Director of Somanetics Corp since June 2007. He is retired from the United States Air Force in 2005 after a 39-year military career. In his last position as Chief of Staff he served as the senior military officer in the Air Force leading more than 700,000 military, civilian, Air National Guard and Air Force Reserve men and women. In that position he administered annual budgets in excess of $100 billion. As Chief of Staff, he was a member of the Joint Chiefs of Staff providing military advice to the Secretary of Defense, the National Security Council and the President. From 2000 to 2001 General Jumper served as Commander, Air Combat Command. During the 1999 war in Kosovo and Serbia he commanded U.S. Air Forces in Europe and Allied Air Forces Central Europe. In earlier assignments he served on the Joint Staff and as Senior Military Assistant to Secretary of Defense Dick Cheney and Secretary Les Aspin. He also commanded an F-16 fighter squadron and two fighter wings, accumulating more than 5,000 flying hours, including more than 1,400 combat hours in Vietnam and Iraq. He currently serves on the Board of Directors of Goodrich Corporation, TechTeam Global, Inc., SAIC, Inc. and Jacobs Engineering Group Inc., as well as on the non-profit Boards of the American Air Museum in Britain, the VMI Board of Trustees, the Marshall Foundation and the Air Force Village Charitable Foundation. He also serves as a director of several private companies and as an advisor and independent consultant to several technology companies. General Jumper holds a degree in electrical engineering from the Virginia Military Institute and an M.B.A. from Golden Gate University in San Francisco.

Basic Compensation

Name Fiscal Year Total
Barrett, Bruce 899,514
Iacona, William 349,452
Spadafore, Dominic 477,569
Anderson, Arik --
Victor, Mary 375,355
Follis, Daniel --
Ausman, James --
Sorensen, Richard --
Jumper, John --
As Of 29 Nov 2008

Options Compensation

Name Options Value
Barrett, Bruce 992,943 23,302,180
Iacona, William 63,200 87,784
Spadafore, Dominic 190,013 4,102,511
Anderson, Arik 0 0
Victor, Mary 235,594 5,156,842
Follis, Daniel 0 0
Ausman, James 0 0
Sorensen, Richard 0 0
Jumper, John 0 0

Insider Trading

Name Shares Traded Price
BARRETT BRUCE J 40,000 $2.88
ANDERSON ARIK ALLAN 1,800 $14.87
VICTOR MARY ANN 12,000 $14.36
VICTOR MARY ANN 12,000 $2.88
VICTOR MARY ANN 5,000 $3.56
ANDERSON ARIK ALLAN 9,000 $0.00
AUSMAN JAMES I 2,000 $1.88
HENRY ROBERT R 2,000 $1.88
FOLLIS DANIEL SCOBIE 3,500 $25.33
FOLLIS DANIEL SCOBIE 3,500 $12.00
SPADAFORE DOMINIC J 15,000 $22.21
SPADAFORE DOMINIC J 15,000 $2.30
BARRETT BRUCE J 60,000 $23.52
BARRETT BRUCE J 60,000 $3.56
VICTOR MARY ANN 25,000 $3.89
VICTOR MARY ANN 25,000 $23.17
HENRY ROBERT R 600 $14.96
HENRY ROBERT R 6,900 $15.00
HENRY ROBERT R 200 $14.97
HENRY ROBERT R 300 $14.94
HENRY ROBERT R 1,100 $14.98
HENRY ROBERT R 10,000 $15.25
HENRY ROBERT R 200 $14.95
HENRY ROBERT R 700 $14.99
HENRY ROBERT R 500 $14.99
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