People: STEC Inc (STEC.O)


STEC.O on Nasdaq

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10:48am EDT
Price Change (% chg)

$0.02 (+0.58%)
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Volume
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416,088
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$8.39
52-wk Low
$3.31

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Summary

Name Age Since Current Position

Kevin Daly

 66 2012 Interim Chairman of the Board

Mark Moshayedi

 50 2012 President, Interim Chief Executive Officer, Director

Raymond Cook

 51 2008 Chief Financial Officer

Robert Saman

 45 2012 Chief Legal Officer, General Counsel, Secretary

Rajat Bahri

 48 2005 Independent Director

F. Michael Ball

 57 2000 Independent Director

Christopher Colpitts

 44 2009 Independent Director

Matthew Witte

 54 2009 Independent Director
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Biographies

Name Description

Kevin Daly

 Dr. Kevin C. Daly, Ph.D., is Interim Chairman of the Board of STEC Inc. He joined STEC in May 2010 as a director and member of Company's Audit, Compensation and Nominating and Corporate Governance Committees. He has served as Chief Executive Officer of MAXxess Systems, Inc., a provider of electronic security systems, since November 2005. From August 2007 to 2009, Dr. Daly also served as Chief Executive Officer of iStor Networks, Inc., a manufacturer of network storage systems. From 2002 to 2005, Dr. Daly was Chief Executive Officer of Avamar Technologies, Inc., a developer of storage deduplication technology. Avamar was subsequently acquired by EMC Corporation in 2006. Prior to serving as the Chief Executive Officer of Avamar, Dr. Daly was Chief Executive Officer of ATL Products, Inc., a provider of tape automation systems. ATL Products completed an IPO in 1997 and was subsequently acquired by Quantum Corporation. Dr. Daly was Chief Technical Officer of Quantum Corporation’s Storage Solutions Group from October 2001 to July 2002. Dr. Daly served as a member of the Boards of Directors of Danka Business Systems, PLC, a provider of comprehensive document solutions, from 2002 to 2008 and iStor Networks, Inc. from 2002 to 2009. Dr. Daly is currently a member of the Boards of Directors of Iteris, Inc., a publically-traded provider of traffic management solutions, and Project Tomorrow, a national education non-profit group based in Irvine, California.

Mark Moshayedi

 Mr. Mark Moshayedi is President, Interim Chief Executive Officer, Director of STEC Inc. He has served as a director of the Company since March 1992, its Chief Operating Officer and Chief Technical Officer since January 1995, and its President since March 2007. From June 1994 to December 1994, Mark Moshayedi served as the Company’s President of Research and Development. From March 1992 to May 1994, Mark Moshayedi held various positions with STEC, including Senior Vice President. Mark Moshayedi also served as the Company’s Secretary from January 1995 through March 2012.

Raymond Cook

 Mr. Raymond D. Cook is Chief Financial Officer of STEC Inc., since November 2008. From May 2005 to November 2008, Mr. Cook was the Vice President of Finance and Corporate Controller at Mindspeed Technologies, Inc., a publicly-traded semiconductor networking solutions provider. Mr. Cook also served as interim Chief Financial Officer for Mindspeed from April 2008 to July 2008. From July 2003 to May 2005, Mr. Cook served as Mindspeed’s Executive Director—Controller. From April 1999 to July 2003, Mr. Cook was the Executive Director, Accounting/External Reporting for Conexant Systems, Inc., a publicly-traded provider of solutions for imaging, video, audio, and Internet connectivity applications. From 1989 to 1999, Mr. Cook served in a progression of management positions with Rockwell International. He started his career with the public accounting firm of Spicer & Oppenheim from 1987 to 1989. Mr. Cook holds a Bachelors of Science degree in accounting and an M.B.A. in finance from Loyola Marymount University. Mr. Cook is a Certified Public Accountant.

Robert Saman

 Mr. Robert M. Saman is Chief Legal Officer, General Counsel, Secretary of STEC Inc., since March 2012. He has served as company's General Counsel and Assistant Secretary since November 2010. Mr. Saman joined STEC as Corporate Counsel in July 2010. From August 2006 to July 2010, Mr. Saman was the Assistant General Counsel and Assistant Secretary for Eclipsys Corporation, a publicly-traded provider of healthcare information technology solutions. Prior to joining Eclipsys, Mr. Saman served from January 2003 to July 2006 in various capacities within the legal department of Gateway, Inc., most recently as Associate General Counsel and Assistant Secretary. Mr. Saman began his legal career with the law firms of Preston Gates & Ellis LLP and Cooley Godward LLP. Mr. Saman received his Juris Doctor degree from Stanford Law School. Prior to law school, he was an analyst specializing in public finance with Jones Hall, a Professional Law Corporation, and a consultant with Ernst & Young. Mr. Saman has a Bachelors of Science degree in business administration from UC Berkeley and is an in-active Certified Public Accountant.

Rajat Bahri

 Mr. Rajat Bahri is Independent Director of STEC Inc., and member of the Audit, Compensation and Nominating and Corporate Governance Committees, and currently serves as the Chairman of Audit Committee. Since January 2005, Mr. Bahri has been Chief Financial Officer of Trimble Navigation Limited, a publicly-traded company that provides advanced positioning product solutions. Prior to joining Trimble, Mr. Bahri served for more than 15 years in various capacities within the financial organization of several subsidiaries of Kraft Foods, Inc. and General Foods Corporation. From 2001 to 2004, he served as the Chief Financial Officer of Kraft Canada, Inc. From June 2000 to June 2001, Mr. Bahri served as Chief Financial Officer of Kraft Pizza Company. From 1997 to 2000, Mr. Bahri was Operations Controller for Kraft Jacobs Suchard Europe.

F. Michael Ball

 Mr. F. Michael Ball is Independent Director of STEC Inc. and member of the company's Audit and Compensation Committees, since October 2000 . Mr. Ball was appointed as a member of the company's Nominating and Corporate Governance Committee in February 2004 and also serves as the Chairman of the company's Compensation Committee. Since March 28, 2011, Mr. Ball has been Chief Executive Officer of Hospira, Inc., a publically-traded global specialty pharmaceutical and medication delivery company. He also serves on the board of directors of Hospira. Prior to joining Hospira, Mr. Ball served for more than 15 years in various capacities within Allergan, Inc., a publicly-traded pharmaceutical company. From February 2006 to March 2011, Mr. Ball served as President of Allergan. From October 2003 to January 2006, Mr. Ball was Executive Vice President and President, Pharmaceuticals, of Allergan, Inc. From April 1996 to September 2003, Mr. Ball was Corporate Vice President and President, North America Region of Allergan, Inc. In addition, Mr. Ball has previously served on the board of directors of Intralase Corp., a publicly-traded medical device company, from July 2006 until April 2007.

Christopher Colpitts

 Mr. Christopher W. Colpitt is Independent Director of STEC Inc., since March 2009. Since May 2006, Mr. Colpitts has been the Managing Director and Global Head of Technology Investment Banking at Deutsche Bank. Prior to this, he spent nine years at Lehman Brothers, most recently as Managing Director and Global Head of Electronics Investment Banking.

Matthew Witte

 Mr. Matthew L. Witte is Independent Director of STEC Inc., and member of the company's Audit, Compensation and Nominating and Corporate Governance Committees, since January 2009. He also serves as the Chairman of the company's Nominating and Corporate Governance Committee. Mr. Witte is a founding partner of Marwit Capital, LLC, a private equity firm with which he has been affiliated since January 1994. In addition, Mr. Witte is currently one of two Managing Partners of the firm’s current fund, Marwit Capital Partners II, L.P., where he is responsible for the fund’s management and final investment decisions.

Basic Compensation

Name Fiscal Year Total

Kevin Daly

 --

Mark Moshayedi

 1,433,950

Raymond Cook

 944,850

Robert Saman

 703,133

Rajat Bahri

 --

F. Michael Ball

 --

Christopher Colpitts

 --

Matthew Witte

 --
As Of 30 Dec 2011

Options Compensation

Name Options Value

Kevin Daly

 0 0

Mark Moshayedi

 600,165 3,991,668

Raymond Cook

 12,500 130,625

Robert Saman

 0 0

Rajat Bahri

 0 0

F. Michael Ball

 0 0

Christopher Colpitts

 0 0

Matthew Witte

 0 0

Insider Trading

Name Shares Traded Price

MOSHAYEDI MARK MEHRDAD

 32,828 $4.50

MOSHAYEDI MANOUCH

 32,828 $4.50

MOSHAYEDI MANOUCH

 54,829 $4.41

MOSHAYEDI MARK MEHRDAD

 54,828 $4.41

MOSHAYEDI MARK MEHRDAD

 50,008 $4.07

MOSHAYEDI MANOUCH

 50,008 $4.07

MOSHAYEDI MARK MEHRDAD

 1,126,760 $0.00

MOSHAYEDI MANOUCH

 1,133,923 $0.00
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