People: Transcend Services, Inc. (TRCR.O)

TRCR.O on Nasdaq

18.88USD
10:34am EST
Price Change (% chg)

$-0.25 (-1.31%)
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$19.13
Open
$19.04
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$19.04
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$18.88
Volume
867
Avg. Vol
71,325
52-wk High
$21.82
52-wk Low
$9.05

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Summary

Name Age Since Current Position
Gerdes, Larry 60 2009 Chairman of the Board, Chief Executive Officer
McGrogan, Susan 42 2009 President, Chief Operating Officer
Cornell, Lance 43 2005 Chief Financial Officer, Chief Accounting Officer, Treasurer, Corporate Secretary
Cooper, E. Leo 62 2008 Executive Vice President - Sales and Marketing
Huff, Walter 74 1993 Director
Thoele, Charles 73 1993 Director
Clayton, Joseph 59 2000 Director
Bleser, Joseph 63 2007 Director
Edwards, James 65 2003 Director
Sack, Sidney 63 2006 Director
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Biographies

Name Description
Gerdes, Larry Mr. Gerdes is the Chairman of the Board, Chief Executive Officer of Transcend Services, Inc. He has served as Chairman of the Board of the Company since May 2000, as a Director of the Company since June 1985, as its Chief Executive Officer since May 1993 and its President since April 1, 2005. From June 1985 until December 8, 2003, Mr. Gerdes served as President of the Company. From September 16, 2000 through December 31, 2003, Mr. Gerdes also served as the Company’s Chief Financial Officer. In addition, Mr. Gerdes served as Secretary of the Company between September 16, 2000 and May 22, 2001. From 1991 to 1993, Mr. Gerdes was a private investor and from May 1992 until January 1995, Mr. Gerdes was the Chairman of the Board of Directors of Bottomley and Associates, which merged with Transcend in 1995. Prior to 1991, Mr. Gerdes held various executive positions with HBO & Company, a healthcare information systems company, including Chief Financial Officer and Executive Vice President. Mr. Gerdes serves as a member of the Board of Directors, Chairman of the Finance Committee and member of the Audit, Compensation and Governance Committees of the CME Group (NYSE, NASDAQ: CME), a futures and future-options exchange. Mr. Gerdes also serves on the Board of Directors of Alliance Healthcard, Inc., a provider of consumer discount membership plans (OTC: ALHC.OB). Mr. Gerdes is Chairman of the Board of Directors of the Tommy Nobis System, an organization dedicated to finding employment for persons with disabilities, serves on the Board of Directors of the J. Kyle Braid Leadership Foundation and is a member of the Dean’s Advisory Council for the Kelley School of Business at Indiana University.
McGrogan, Susan Susan McGrogan has served as the President, Chief Operating Officer of Transcend Services, Inc. since February 2, 2007 and Senior Vice President of Operations between August 8, 2006 and February 2, 2007. Ms. McGrogan joined Transcend on January 31, 2005 upon the acquisition of Medical Dictation, Inc. (“MDI”). Prior to joining Transcend Services, Ms. McGrogan was President of MDI from May 2003 to January 31, 2005. Prior to starting MDI, Ms. McGrogan held several positions in the transcription field including working as a transcriptionist at Shands Teaching Hospital, and teaching the transcription classes at Career City College in Gainesville, FL. Ms. McGrogan holds a Bachelor of Science degree from the University of Florida.
Cornell, Lance Lance Cornell has served as Chief Financial Officer, Chief Accounting Officer, Treasurer, Corporate Secretary of Transcend Services, Inc. since November 1, 2005. Prior to joining Transcend, Mr. Cornell served as Chief Financial Officer beginning November 2000 at Facility Resources, Inc., a private consulting firm specializing in facility-related project management, systems implementations and outsourcing for large corporations. Prior to that, Mr. Cornell served in chief financial officer and controller positions in two separate publicly traded companies in the healthcare information systems industry. Mr. Cornell is a licensed Certified Public Accountant and holds a Bachelor of Science degree from the University of Colorado.
Cooper, E. Leo E. Leo Cooper has served as Executive Vice President of Sales and Marketing of Transcend Services, Inc. since January 18, 2008. Prior to joining Transcend, Mr. Cooper was Vice President of Sales and Marketing for White Plume Technologies, a healthcare software company, from 2003 to 2007. Prior to that, Mr. Cooper was Senior Vice President of Sales and Marketing at Payformance and SOURCECORP, companies which provide processing and software solutions for healthcare and other industries. From 1997 to 1999, Mr. Cooper was Executive Vice President of Sales and Marketing at Transcend Services, Inc. Mr. Cooper spent the first ten years of his career at Xerox in a variety of sales roles. He has a Bachelors degree in Business Administration (Marketing) from the University of Georgia.
Huff, Walter Mr. Huff has served as a Director of Transcend Services, Inc. since October 1993. Mr. Huff was the founder of HBO & Company and served as its Chairman from 1974 until 1990 and Chief Executive Officer from 1974 to 1984 and from 1986 until 1989. Since 1990, Mr. Huff has been a private investor.
Thoele, Charles Mr. Thoele has served as a Director of Transcend Services, Inc. since October 1993. Mr. Thoele has been a consultant to Sisters of Mercy Health Systems since February 1991. From 1986 to February 1991, he served as a Director and the Chief Operating Officer of Sisters of Mercy Health Systems. Mr. Thoele is currently Chairman of the Board of St. John’s Mercy Healthcare System in St. Louis, Missouri. Mr. Thoele is a past Chairman of the Catholic Hospital Association.
Clayton, Joseph Mr. Clayton has served as a Director of Transcend Services,Inc. since May 2000. Mr. Clayton has been Chairman of the Board of Directors of Sirius Satellite Radio (“Sirius”), a satellite radio broadcaster, since November 18, 2004 and served as the President and Chief Executive Officer of Sirius between November 2001 and November 17, 2004. Sirius is a publicly traded company which trades under the symbol “SIRI.” Prior to joining Sirius, Mr. Clayton was President of North American Operations of Global Crossing Ltd. (“Global”), a global provider of integrated Internet, data, voice and conferencing services, from September 1999 to November 2001. From 1997 to 1999, Mr. Clayton was the President and Chief Executive Officer of Frontier Corporation (“Frontier”), a provider of telecommunication services that was purchased by Global in 1999. Prior to joining Frontier, Mr. Clayton served as Executive Vice President of Marketing and Sales for the Americas and Asia for Thomson, a consumer electronics company, from 1992 through 1996. Mr. Clayton serves on the Dean’s Advisory Board of the Indiana University Kelley School of Business and as a Trustee of Bellarmine University, Louisville, Kentucky.
Bleser, Joseph Mr. Bleser has served as a Director of Transcend Services, Inc. since February 20, 2007. He has been the Managing Member of J. Bleser, LLC, a financial consulting firm, since July 1998. Mr. Bleser served as Chief Financial Officer, Treasurer and Secretary of the Company from January 2004 through April 2005. Prior to July 1998, Mr. Bleser had over fifteen years experience as chief financial officer and other financial executive positions in three separate publicly traded companies and ten years of experience in public accounting with Arthur Andersen LLC, an international public accounting firm. He serves as a Director and Chairman of the Audit Committee of Matria Healthcare, Inc. (NASDAQ: MATR), a health enhancement company that provides disease and maternity management programs and informatics to health plans and employers. Mr. Bleser is a licensed Certified Public Accountant.
Edwards, James Mr. Edwards has served as a Director of Transcend Services, Inc. since July 2003. Mr. Edwards provided independent contractor and consulting services to a real estate development company in 2002 and 2003 subsequent to his retirement in April 2002 from the position of Managing Partner – Global Market Organization of Arthur Andersen LLC, an international public accounting firm, where he was employed for 38 years. Mr. Edwards serves as a member of: (i) the Board of Directors and Chairman of the Audit Committee of IMS Health Incorporated (NYSE: RX), a global provider of pharmaceutical market intelligence; (ii) the Board of Directors and Chairman of the Audit Committee of Crawford & Company (NYSE: CRDA and CRDB), a global provider of claims management solutions to insurance companies and self-insured entities; and (iii) the Board of Directors and the Audit Committee of Huron Consulting Group (OTC: HURN), a provider of financial and operational consulting services. Mr. Edwards is a member of the American Institute of Certified Public Accountants.
Sack, Sidney Mr. Sack has served as a Director of Transcend Services, Inc. since August 8, 2006. Mr. Sack has been President and Chief Executive Officer of Salis, Inc., an outsourcing provider of compliance services for sales and use and other transactional taxes since November 2005. He joined Salis, Inc. in November 2004 as Chief Administrative Officer, where he served until August 2005. Mr. Sack served as Chief Operating Officer of MetaSolv Software, Inc. from March 1999 through March 2001. Mr. Sack was employed by Arthur Andersen LLC from 1970-1980.

Basic Compensation

Name Fiscal Year Total
Gerdes, Larry 466,023
McGrogan, Susan 383,234
Cornell, Lance 341,869
Cooper, E. Leo 319,179
Huff, Walter --
Thoele, Charles --
Clayton, Joseph --
Bleser, Joseph 120,000
Edwards, James --
Sack, Sidney --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Gerdes, Larry 493,604 101,943
McGrogan, Susan 0 0
Cornell, Lance 10,000 0
Cooper, E. Leo 0 0
Huff, Walter 0 0
Thoele, Charles 0 0
Clayton, Joseph 0 0
Bleser, Joseph 40,000 36,200
Edwards, James 0 0
Sack, Sidney 0 0

Insider Trading

Name Shares Traded Price
GERDES LARRY G 316,250 $16.75
CLAYTON JOSEPH PAUL 13,418 $16.75
THOELE CHARLES E 28,750 $16.75
BLESER JOSEPH G 34,500 $16.75
HUFF WALTER S JR 316,250 $16.75
MCGROGAN SUSAN 115,000 $16.75
CLAYTON JOSEPH PAUL 3,832 $16.75
CLAYTON JOSEPH PAUL 5,000 $2.44
EDWARDS JAMES D 5,000 $2.45
EDWARDS JAMES D 10,000 $16.55
EDWARDS JAMES D 5,000 $2.44
THOELE CHARLES E 2,252 $0.00
THOELE CHARLES E 2,252 $0.00
CORNELL LANCE 15,000 $0.00
COOPER E LEO 15,000 $0.00
MCGROGAN SUSAN 20,000 $0.00
GERDES LARRY G 25,000 $0.00
SACK SIDNEY V 5,000 $15.68
SACK SIDNEY V 5,000 $2.40
HUFF WALTER S JR 102,500 $0.00
GERDES LARRY G 1,000 $0.00
HUFF WALTER S JR 244 $11.53
HUFF WALTER S JR 244 $11.53
GERDES LARRY G 2,000 $0.00
GERDES LARRY G 2,000 $0.00
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