People: Titan Machinery Inc (TITN.O)

TITN.O on Nasdaq

12.91USD
1 Oct 2014
Price Change (% chg)

$-0.08 (-0.62%)
Prev Close
$12.99
Open
$12.94
Day's High
$13.04
Day's Low
$12.85
Volume
150,778
Avg. Vol
211,208
52-wk High
$20.40
52-wk Low
$11.85

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Summary

Name Age Since Current Position

David Meyer

60 Chairman of the Board, Chief Executive Officer

Peter Christianson

57 2013 President, Director

Mark Kalvoda

42 2011 Chief Financial Officer

James Irwin

71 2005 Lead Independent Director

Anton Christianson

61 2003 Director

Theodore Crosbie

63 2014 Director

John Bode

66 2005 Independent Director

Stanley Dardis

64 2010 Independent Director

James Williams

74 2003 Independent Director

Theodore Wright

51 2009 Independent Director

Biographies

Name Description

David Meyer

Mr. David J. Meyer is Chairman of the Board, Chief Executive Officer of Titan Machinery Inc. Mr. Meyer was a founder of the Company in 1980 and has been a director of the Company since its creation. From 1976 to 1980, Mr. Meyer was a partner in a Case and New Holland dealership with locations in Lisbon (started in 1977) and Wahpeton, North Dakota. Among other attributes, skills and qualifications, the Board believes that Mr. Meyer is uniquely qualified to serve as a director and the Company's chairman because he is the person most familiar with the Company's history, business and industry, and most capable of effectively identifying strategic priorities and the discussion and execution of strategy.

Peter Christianson

Mr. Peter Christianson is President, Director of Titan Machinery Inc. He has been President and a director since January 2003 and Chief Operating Officer since April 2011, and was Chief Financial Officer from August 2007 to April 2011. Prior to joining the company and since 1988, he was a partner and owner of Fargo Farm Power, Inc., the operator of two of the dealership locations acquired by Titan Machinery LLC in 2002.

Mark Kalvoda

Mr. Mark Kalvoda is Chief Financial Officer of Titan Machinery Inc. He became Chief Financial Officer in April 2011 and previously served as Chief Accounting Officer since September 2007. Prior to joining the company, he held various positions between 2004 and 2007 at American Crystal Sugar Co., including Corporate Controller, Assistant Secretary and Assistant Treasurer. Prior to working for American Crystal Sugar Co., he served in various financial positions within Hormel Foods Corporation.

James Irwin

Mr. James Irwin is Lead Independent Director of Titan Machinery Inc., since 2005. Mr. Irwin is a former vice president of Case IH's North American Agricultural Business, with over 40 years of experience in various executive positions in CNH prior to his retirement in January 2005. Mr. Irwin helped manage the mergers and buyouts of International Harvester and New Holland. Mr. Irwin was named the 2005 Agribusiness Leader of the Year by the National Agri-Marketing Association.

Anton Christianson

Mr. Anton J. Christianson is Director of Titan Machinery Inc., since January 2003. Mr. Christianson is a founder of Titan Machinery LLC. Since 1981, Mr. Christianson has been the Chairman of Cherry Tree Companies, an affiliated group of investment banking, investment management and wealth management firms in Minneapolis. Affiliates of Cherry Tree Companies act as the general partner of Adam Smith Fund, LLC and Adam Smith Growth Partners, L.P. Mr. Christianson also serves as a director of each of The Dolan Company, an information services provider; Peoples Educational Holdings, Inc., an educational materials publisher; AmeriPride Services, Inc., a provider of customized apparel for companies; Znomics, Inc., a shell company; and Arctic Cat, Inc., a manufacturer of snowmobiles and related equipment. Mr. Christianson also served as a director of Capella Education Company from 1993 to 2006 and Fair Isaac Corporation from 1999 to 2009.

Theodore Crosbie

Dr. Theodore (“Ted”) Crosbie, Ph.D. is Director of the Company. Dr. Crosbie recently retired from Monsanto Company in March 2014, after serving the company in senior leadership positions since 1996. Most recently, Dr. Crosbie served as Vice President and the executive leader of Monsanto’s Integrated Farming Systems platform (2010 - 2014). In this role, he pioneered the effort to develop and implement Monsanto’s agronomic solutions and precision agriculture programs for farmers. From 1999 to 2010, he served as Vice President of Global Plant Breeding of the Monsanto Agricultural Sector, where he was responsible for seven crops worldwide. He also served as Director of Monsanto’s Business Seeds Team (1997 - 1999), and as Director of Global Wheat Breeding (1996). From 1990 to 1995, Dr. Crosbie was the President and Chief Executive Officer of ICI Seeds, USA. Prior to 1990, Dr. Crosbie held various corporate and academic positions in the plant breeding, biotechnology, and agronomy fields. In addition, Dr. Crosbie has held numerous public service positions. Currently, Dr. Crosbie serves as the Chief Technology Officer for the State of Iowa, a position he has held since 2005. In 2013, Dr. Crosbie was recognized by Governor Terry Branstad of Iowa and the Iowa Innovation Corporation with a Lifetime Achievement Award for his contributions to the economic development in the state of Iowa. Dr. Crosbie earned a B.S. in Agricultural Education in 1973, an M.S. in Plant Breeding and Cytogenetics in 1976 and his Ph.D. in Plant Breeding and Cytogenetics in 1978, all from Iowa State University.

John Bode

Mr. John S. Bode is an Independent Director of Titan Machinery Inc., since 2005. Mr. Bode is a retired partner of KPMG, LLP with over 34 years of experience in public accounting. Mr. Bode was elected to the partnership in 1981 and retired in 2005. Mr. Bode was the lead audit partner for numerous clients in the consumer products, food, agribusiness and manufacturing industries. Mr. Bode also currently serves on the board of The Vaxqa4lspar Corporation.

Stanley Dardis

Mr. Stanley Dardis is an Independent Director of Titan Machinery Inc., since October 1, 2010. From 1998 to 2010, Mr. Dardis served as Chief Executive Officer and Director of Bremer Financial Corporation, a bank holding company composed of nine bank subsidiaries, a trust company, and an insurance company, headquartered in St. Paul, Minnesota. During his tenure as CEO, Bremer Financial Corporation delivered asset growth, net income growth, and return on equity that resulted in improvements in peer group ranking. From 1995 to 1998, he served as Bremer Financial Corporation's President and Chief Operating Officer, and prior to that, he was the Company's Executive Vice President—Retail Banking. From 1986 to 1993, Mr. Dardis held positions of increasing responsibility at Metropolitan Federal Bank, including serving as President, Chief Executive Officer, and Director from 1990 to 1993. Mr. Dardis also served as a member of the Office of the Chairman of Metropolitan Financial Corporation from 1990 to 1993. Metropolitan Financial Corporation was sold and merged into U.S. Bank. From 1982 to 1986, he served as Executive Vice President of Norwest Bank. Mr. Dardis served in the United States Air Force as a pilot and instructor pilot from 1971 to 1975. He received a B.S. from North Dakota State University and is a graduate of the University of Wisconsin Graduate School of Banking.

James Williams

Mr. James Williams is an Independent Director of Titan Machinery Inc., since 2003. Mr. Williams is currently Chairman of First State Bank of North Dakota and Goose River Bank. Since 1972, Mr. Williams has been an owner of Arthur Mercantile Company, a farm equipment dealership which was acquired by the Company in fiscal year 2010. Since 1998, Mr. Williams has also served as the president of Valley Equipment, Inc., a farm equipment dealership which was also acquired by the Company in fiscal year 2010. Mr. Williams is managing partner of Williams Farms in Arthur, North Dakota. Mr. Williams previously worked at Bank of New York.

Theodore Wright

Mr. Theodore M. Wright is an Independent Director of Titan Machinery Inc., since 2009. Since February 2011, Mr. Wright has served as Chief Executive Officer of Conn's, Inc., a specialty retailer of home appliances, consumer electronics, computers, furniture and mattresses, and lawn and garden products. Mr. Wright has served as the Chairman of the Board of Conn's, Inc. since December 2010, and has served as a director of Conn's, Inc. since 2003. Mr. Wright served as President of Sonic Automotive, Inc., a New York Stock Exchange listed and Fortune 300 automotive retailer, from 2002 to 2004, and he served as Chief Financial Officer at Sonic Automotive from its formation in 1997 to 2002. From 1997 to 2004, Sonic Automotive acquired and integrated into its operations over 150 automotive dealerships. During his tenure at Sonic Automotive, Mr. Wright was a member of the company's Board of Directors. From 1995 to 1997, Mr. Wright was a Senior Manager in Deloitte & Touche LLP's Columbia, South Carolina office. From 1994 to 1995, Mr. Wright was a Senior Manager in Deloitte & Touche LLP's National Office Accounting Research and SEC Services Department. Mr. Wright is the principal owner of a construction and agriculture equipment rental business, and he owns and operates a farm and ranch on 11,500 acres in Central Montana.

Basic Compensation

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