People: Sparton Corp (SPA)
SPA on New York Consolidated
14.92USD
17 May 2013
14.92USD
17 May 2013
Price Change (% chg)
$0.10 (+0.67%)
$0.10 (+0.67%)
Prev Close
$14.82
$14.82
Open
$14.87
$14.87
Day's High
$14.92
$14.92
Day's Low
$14.73
$14.73
Volume
50,857
50,857
Avg. Vol
28,451
28,451
52-wk High
$15.73
$15.73
52-wk Low
$8.49
$8.49
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
James Swartwout |
66 | 2011 | Independent Chairman of the Board |
Cary Wood |
45 | 2009 | President, Chief Executive Officer, Director |
Mark Schlei |
51 | 2012 | Chief Financial Officer |
Michael Osborne |
41 | 2012 | Senior Vice President - Corporate Development |
Steven Korwin |
49 | 2010 | Senior Vice President - Quality, Engineering and Information Systems |
Gordon Madlock |
54 | 2009 | Senior Vice President - Operations |
Robert Grimm |
46 | 2010 | Vice President/General Manager - Complex Systems Business Unit |
James Lackemacher |
50 | 2005 | Vice President/General Manager - Defense and Security Systems Business Unit |
Lawrence Brand |
45 | 2011 | Vice President - Human Resources |
Jacob Rost |
43 | 2012 | Vice President - Business Development |
James Fast |
64 | 2001 | Independent Director |
Joseph Hartnett |
57 | 2008 | Independent Director |
Charles Kummeth |
52 | 2011 | Independent Director |
David Molfenter |
67 | 2011 | Independent Director |
Douglas Schrank |
64 | 2007 | Independent Director |
Biographies
| Name | Description |
|---|---|
James Swartwout |
Mr. James R. Swartwout is Independent Chairman of the Board of Sparton Corp. Since 2008, Mr. Swartwout has been an advisor to private equity groups. From October 2006 to September 2008, he was Chief Executive Officer and member of the Board of Directors of Habasit Holding USA, the acquirer of Summa Industries, a California-based, publicly traded manufacturer of diversified plastic products for industrial and commercial markets. Mr. Swartwout served as a director of ATS Corporation, a public company providing information technology and related services to various governmental agencies, from May 2010 until early 2012, when the company was divested. From October 1988 to October 2006, Mr. Swartwout held the following positions with Summa Industries: Chairman of the Board of Directors, Chief Executive Officer and Chief Financial Officer. Mr. Swartwout has served on the boards of directors of numerous public and private companies. He received a Bachelor of Science in Industrial Engineering from Lafayette College and a Master of Business Administration from the University of Southern California. |
Cary Wood |
Mr. Cary B. Wood is President, Chief Executive Officer, Director of Sparton Corporation. During the period August 2004 to November 2008, Mr. Wood served in a variety of roles for Citation Corporation (now known as Grede Holdings, LLC). He served as interim CEO for a period of time, after which he served as the company’s Chief Operating Officer for an extended period of time. Grede Holdings, LLC is located in Southfield, Michigan and is a private company manufacturing cast, machined and assembled components for the transportation and industrial markets. Mr. Wood began his career with General Motors Corporation followed by a period with United Technologies Corporation in a variety of roles, including general management, operations and engineering capacities. He has progressed through both private and public company settings and has a developed track record in performance turn-around and growth strategies. Mr. Wood received a Bachelor of Science in Technology from Purdue University in 1989 and a Master of Science in Industrial Operations in the School of Management from Lawrence Tech University in 1995. |
Mark Schlei |
Mr. Mark Schlei has been appointed as Chief Financial Officer of Sparton Corp. effective November 8, 2012. Mr. Schlei most recently served as CFO at Paperworks Industries where he was engaged in the business of packaging solutions. Previously, he served as CFO at Thetford Corporation, a manufacturer of mobile sanitation and refrigeration products. Mr. Schlei has also served as CFO for Lake City Industries, Corporate Controller for Littelfuse, Inc. and held various financial roles at Newell Company. Mr. Schlei has experience in areas including capital raising, controls and compliance, IT/ERP leadership, mergers and acquisition, and financial planning and analysis. He earned his Bachelor of Business Administration in Accounting from the University of Wisconsin-Whitewater and is a Certified Public Accountant. |
Michael Osborne |
Mr. Michael W. Osborne is Senior Vice President - Corporate Development of Sparton Corporation. Previously, Mr. Osborne held the position of Vice President, Operations at The Niven Marketing Group in Carol Stream, IL since January 2006. Prior to that date, Mr. Osborne held the position of Vice President, Operations & Engineering at Gardner Bender in Milwaukee, WI since March 2004. |
Steven Korwin |
Mr. Steven M. Korwin is Senior Vice President - Quality, Engineering and Information Systems of Sparton Corporation. Prior to that date, Mr. Korwin held the position of Vice President of Quality and Engineering for Citation Corporation in Novi, MI since October 2005. |
Gordon Madlock |
Mr. Gordon B. Madlock is Senior Vice President - Operations of Sparton Corporation. Previously, Mr. Madlock held the position of Senior Vice President of Operations for Citation Corporation in Novi, MI since September 1999. |
Robert Grimm |
Mr. Robert L. Grimm, II, is Vice President/General Manager - Complex Systems Business Unit of Sparton Corporation. Previously Mr. Grimm held the position of General Manager, Electronic Manufacturing Services since January 2009. Prior to that date, Mr. Grimm held the position of General Manager for Citation Corporation in Novi, Michigan. |
James Lackemacher |
Mr. James M. Lackemacher is Vice President/General Manager - Defense and Security Systems Business Unit of Sparton Corporation. Mr. Lackemacher held the position of Director of Government Engineering since September 2003. |
Lawrence Brand |
Mr. Lawrence R. Brand is Vice President - Human Resources of Sparton Corporation. Prior to that date, Mr. Brand held the position of Senior Manager, Human Resources for Fellowes, Inc. in Itasca, IL since November 2004. |
Jacob Rost |
Mr. Jacob A. Rost is Vice President - Business Development of Sparton Corporation. Prior to that date, Mr. Rost held the position of Vice President, Business Development for Byers Peak since January 2007. |
James Fast |
Mr. James D. Fast is Independent Director of Sparton Corporation. He is Retired since August 2008, formerly Chief Executive Officer, President and Director of Firstbank – West Michigan, Ionia, Michigan. Mr. Fast has forty years of experience in commercial banking and administration. |
Joseph Hartnett |
Mr. Joseph J. Hartnett is Independent Director of Sparton Corporation. Mr. Hartnett served as President and Chief Executive Officer of Ingenient Technologies, Inc., a software development company located in Rolling Meadows, Illinois, from April 2008 through November 2010. He previously served as Chief Operating Officer of Ingenient Technologies, Inc., beginning September 2007. Mr. Hartnett left Ingenient Technologies, Inc. following the sale of the company and completion of post-sale transition activities. During the period from June 2000 to October 2006, Mr. Hartnett held the following positions with U.S. Robotics Corporation, an Internet communications products company: the Chairman of the Board, President, Chief Executive Officer and Chief Financial Officer. Mr. Hartnett is a licensed Certified Public Accountant in the State of Illinois (licensed 1982 to present), and has advised multiple boards and audit committees with respect to accounting matters. Mr. Hartnett has a Bachelor of Science in Accounting from the University of Illinois at Chicago. Mr. Hartnett served with Grant Thornton LLP from 1980 to 2000, and as an audit partner with Grant Thornton LLP from 1992 to 2000. Mr. Hartnett serves as a director (since March 2011) and chairman of the audit committee and member of the compensation committee (since May 2011) of Crossroads Systems, Inc. and is a former director of both U.S. Robotics Corporation and Ingenient Technologies, Inc. |
Charles Kummeth |
Mr. Charles R. Kummeth is Independent Director of Sparton Corporation. Mr. Kummeth serves as President (since April 2008) of the Mass Spectrometry and Chromatography division of Thermo Fisher Scientific, a Delaware corporation that provides services and products within the science industry. He previously served as President of the Medical Product Division of 3M, a Delaware corporation, beginning in 2006. From 2004 to 2006, Mr. Kummeth served as the Managing Director of 3M for the UK and Ireland. |
David Molfenter |
Mr. David P. Molfenter is Independent Director of Sparton Corporation. He is Retired since August 2000, formerly Vice President Command, Control, Communication and Information Systems Segment, Raytheon Systems Company, a high technology company specializing in defense electronics, Fort Wayne, Indiana. Mr. Molfenter has a Masters of Business Administration from Indiana University and a M.S. Electrical Engineering from Purdue University. Prior to employment with Raytheon Systems Company, Mr. Molfenter served as Chief Executive Officer of Magnavox Electronics Systems, Co. from 1993 to 1995, and as President of Hughes Defense Communications from 1995 to 1997. Since March, 2010, Mr. Molfenter has served as a member of the board of directors of Bowmar, LLC, a privately held company in Fort Wayne, Indiana. |
Douglas Schrank |
Mr. Douglas R. Schrank, CPA, is Independent Director of Sparton Corporation. He is Retired since June 2006. Prior to retirement, Mr. Schrank was the Executive Vice President and Chief Financial Officer of Perrigo Company, a multinational, publicly traded pharmaceutical company, from January 2000 until June 2006. Mr. Schrank served as the Chief Financial Officer of M.A. Hanna Company, an iron ore processing company, from September 1993 until April 1995, as the Senior Vice President of M.A. Hanna Company’s Plastics Americas division from April 1995 until January 1998, and as President of M.A. Hanna Company’s Hanna Color division from January 1998 until May 1999. Mr. Schrank received a Bachelor of Science in Zoology from the University of Michigan and a Masters of Business Administration from the University of Michigan in 1972, and was licensed as a Certified Public Accountant in the State of Minnesota in 1973. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
James Swartwout |
-- |
Cary Wood |
1,434,740 |
Mark Schlei |
-- |
Michael Osborne |
413,164 |
Steven Korwin |
383,129 |
Gordon Madlock |
456,297 |
Robert Grimm |
-- |
James Lackemacher |
152,801 |
Lawrence Brand |
-- |
Jacob Rost |
-- |
James Fast |
-- |
Joseph Hartnett |
-- |
Charles Kummeth |
-- |
David Molfenter |
-- |
Douglas Schrank |
-- |
As Of 29 Jun 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
James Swartwout |
0 | 0 |
Cary Wood |
25,000 | 117,728 |
Mark Schlei |
0 | 0 |
Michael Osborne |
7,652 | 38,260 |
Steven Korwin |
7,652 | 38,260 |
Gordon Madlock |
12,500 | 58,864 |
Robert Grimm |
0 | 0 |
James Lackemacher |
0 | 0 |
Lawrence Brand |
0 | 0 |
Jacob Rost |
0 | 0 |
James Fast |
0 | 0 |
Joseph Hartnett |
0 | 0 |
Charles Kummeth |
0 | 0 |
David Molfenter |
0 | 0 |
Douglas Schrank |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
SWARTWOUT JAMES R |
1,000 | $13.65 |
KUMMETH CHARLES R |
2,000 | $13.34 |
GRIMM ROBERT L II |
2,000 | $14.70 |
GRIMM ROBERT L II |
1,000 | $14.75 |
SCHLEI MARK L |
5,300 | $14.50 |
FAST JAMES DALE |
1,216 | $6.52 |
MOLFENTER DAVID PAUL |
1,216 | $6.52 |
SWARTWOUT JAMES R |
1,000 | $12.65 |
SCHRANK DOUGLAS R |
2,106 | $0.00 |
SWARTWOUT JAMES R |
2,795 | $0.00 |
SCHLEI MARK L |
15,000 | $0.00 |
HARTNETT JOSEPH J |
2,106 | $0.00 |
KUMMETH CHARLES R |
2,106 | $0.00 |
FAST JAMES DALE |
2,106 | $0.00 |
MOLFENTER DAVID PAUL |
2,106 | $0.00 |
KORWIN STEVEN M |
1,695 | $11.38 |
WOOD CARY B |
11,300 | $11.38 |
MADLOCK GORDON B |
1,169 | $11.38 |
GRIMM ROBERT L II |
1,945 | $11.38 |
SLOME GREG |
3,184 | $11.38 |
GRIMM ROBERT L II |
7,991 | $0.00 |
MADLOCK GORDON B |
9,554 | $0.00 |
SLOME GREG |
15,634 | $0.00 |
ROST JACOB A |
7,991 | $0.00 |
BRAND LAWRENCE R |
7,991 | $0.00 |
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