People: Trans World Entertainment Corp (TWMC.O)

TWMC.O on Consolidated Issue listed on NASDAQ Global Market

3.80USD
11 Jul 2014
Price Change (% chg)

-- (+0.00%)
Prev Close
$3.80
Open
$3.82
Day's High
$3.86
Day's Low
$3.78
Volume
12,949
Avg. Vol
64,970
52-wk High
$4.70
52-wk Low
$3.15

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Summary

Name Age Since Current Position

Robert Higgins

64 2005 Chairman of the Board, Chief Executive Officer

John Anderson

45 2013 Chief Financial Officer, Principal Accounting Officer

Bruce Eisenberg

54 2001 Executive Vice President - Real Estate

Mark Higgins

2013 Acting Senior Vice President - Merchandising

Martin Hanaka

65 2013 Director

Joseph Morone

61 2010 Presiding Independent Director

Michael Nahl

72 2010 Independent Director

Michael Solow

55 1999 Independent Director

Andrew Kramer

IR Contact Officer

Biographies

Name Description

Robert Higgins

Mr. Robert J. Higgins is Chairman of the Board, Chief Executive Officer of Trans World Entertainment Corporation. He founded the Company in 1972, and he has participated in its operations since 1973. Mr. Robert Higgins has served as Chairman and Chief Executive Officer of the Company for more than the past five years. He is also the Company’s principal shareholder. See “PRINCIPAL SHAREHOLDERS.” As founder and Chief Executive Officer of the Company for over 40 years, Mr. Robert Higgins brings an extraordinary understanding of our company’s business, history and organization. With his day-to-day leadership and intimate knowledge of our business and operations, Mr. Robert Higgins provides the board with invaluable insight into the operations of our company.

John Anderson

Mr. John Anderson serves as Chief Financial Officer, Principal Accounting Officer of Trans World Entertainment Corporation. He has been appointed as the Chief Financial Officer of the Company with effect from February 3, 2013. Prior to being named Chief Financial Officer, Mr. Anderson was Acting Chief Financial Officer beginning July 2012. Prior to that, Mr. Anderson served in positions of increasing responsibility at Trans World for over 18 years, most recently serving as Controller since September 2006.

Bruce Eisenberg

Mr. Bruce J. Eisenberg is Executive Vice President - Real Estate of Trans World Entertainment Corporation. since since May 2001. He added the title of Executive Vice President of Store Operations in 2011. He joined the Company in August of 1993 as Vice President of Real Estate and was named Senior Vice President of Real Estate in May 1995. Prior to joining the Company, Mr. Eisenberg was responsible for leasing, finance and construction of new regional mall development at The Pyramid Companies.

Mark Higgins

Martin Hanaka

Mr. Martin E. Hanaka has been appointed as Director of Trans World Entertainment Corporation with effect from August 14, 2013.Mr. Hanaka recently was the Interim Chief Executive Officer of Guitar Center, Inc. from January 2013 to April 2013 and a board member thru April 2014. Previously, Mr. Hanaka served as the Chairman of Golfsmith International Holdings, Inc. from April 2007 to November 2012 and was the Chief Executive Officer from June 2008 to November 2012. From September 1998 to August 2003, Mr. Hanaka served as the Chief Executive Officer of The Sports Authority Inc. and served as Chairman from November 1999 through June 2004. From August 1994 to October 1997, he served as the President and Chief Operating Officer of Staples Inc. and served as a member of the Board of Directors. He has served on a dozen public and private boards of directors, including the Company’s from 1998 through 2009. In addition to significant experience providing oversight as a director in various capacities, Mr. Hanaka contributes substantial experience in the retail sector.

Joseph Morone

Dr. Joseph G. Morone is Presiding Independent Director of Trans World Entertainment Corporation. He has been the President and CEO of Albany International Corp since January 2006 and President since August 2005. From August 1997 to July 2005 he was the President of Bentley University. Previously, Dr. Morone was the Dean of Rensselaer Polytechnic Institute’s Lally School of Management and Technology from July 1993 to July 1997. Before joining the School of Management in 1988, Dr. Morone was a senior associate for the Keyworth Company, a consulting firm specializing in technology management and science policy. Dr. Morone also served in the White House Office of Science and Technology Policy and spent seven years at General Electric Company’s Corporate Research and Development. Dr. Morone also serves on the Board of Directors of Albany International Corp. and on the Board of Trustees of the University System of New Hampshire. Dr. Morone has executive leadership experience at public companies and academic institutions, with an expertise in risk management and strategic planning.

Michael Nahl

Mr. Michael C. Nahl is Independent Director of Trans World Entertainment Corporation. He was Executive Vice President and Chief Financial Officer of Albany International Corp. from April 2005 until his retirement in September 2009. Mr. Nahl is currently a director of Lindsay Corporation and was a member of JPMorgan Chase and Company’s Regional Advisory Board from 1996 through 2010. Mr. Nahl has broad and thorough knowledge on accounting, disclosure, risk management, auditing and finance matters, as well as operational and strategic experience to share with our Board.

Michael Solow

Mr. Michael B. Solow is Independent Director of Trans World Entertainment Corporation. He is the Co-Chairman and Managing Partner of Kaye Scholer LLP, an international law firm based in New York City, where he has practiced since January 2001 and is currently a member of the firm’s Executive Committee. Prior to joining Kaye Scholer LLP, Mr. Solow was a Partner and Practice Manager for the Financial Services Practice at Hopkins & Sutter, a Chicago, Illinois law firm. Mr. Solow has previously served on other corporate boards, including Camelot Music, Inc. Mr. Solow provides the Board with extensive legal and management experience, particularly his expertise in corporate finance and his experience in law firm management.

Andrew Kramer

Basic Compensation

Name Fiscal Year Total

Robert Higgins

986,435

John Anderson

329,548

Bruce Eisenberg

772,461

Mark Higgins

298,989

Martin Hanaka

--

Joseph Morone

--

Michael Nahl

--

Michael Solow

--

Andrew Kramer

--
As Of 31 Jan 2014

Options Compensation

Name Options Value

Robert Higgins

4,775,000 1,784,000

John Anderson

3,000 820

Bruce Eisenberg

1,012,573 616,432

Mark Higgins

12,000 3,240

Martin Hanaka

0 0

Joseph Morone

0 0

Michael Nahl

0 0

Michael Solow

0 0

Andrew Kramer

0 0
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