People: Walter Investment Management Corp (WAC)
WAC on New York Consolidated
40.13USD
17 May 2013
40.13USD
17 May 2013
Price Change (% chg)
$0.18 (+0.45%)
$0.18 (+0.45%)
Prev Close
$39.95
$39.95
Open
$40.06
$40.06
Day's High
$40.60
$40.60
Day's Low
$38.97
$38.97
Volume
860,871
860,871
Avg. Vol
1,035,400
1,035,400
52-wk High
$49.99
$49.99
52-wk Low
$17.87
$17.87
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Mark O'Brien |
69 | 2009 | Chairman of the Board, Chief Executive Officer |
Denmar Dixon |
49 | 2010 | Vice Chairman of the Board, Executive Vice President |
Charles Cauthen |
53 | 2011 | Chief Financial Officer, Chief Operating Officer |
Keith Anderson |
50 | 2011 | President and Chief Executive Officer of GTCS Holdings, LLC |
Kimberly Perez |
45 | 2011 | Senior Vice President, Chief Accounting Officer |
Whitney Finch |
2012 | Vice President - Investor Relations | |
Brian Libman |
46 | 2011 | Chief Strategy Officer |
Steven Berrard |
58 | 2010 | Independent Director |
Ellyn Brown |
63 | 2009 | Independent Director |
Alvaro de Molina |
55 | 2012 | Independent Director |
William Meurer |
68 | 2009 | Independent Director |
James Pappas |
2012 | Independent Director | |
Shannon Smith |
46 | 2009 | Independent Director |
Michael Tokarz |
63 | 2009 | Independent Director |
Biographies
| Name | Description |
|---|---|
Mark O'Brien |
Mr. Mark J. O'Brien is Chairman of the Board, Chief Executive Officer of Walter Investment Management Corp since April 2009. In March 2006, Mr. O’Brien was named Chairman and Chief Executive Officer of JWHHC, and, in February 2009, of WIM. He also served as a director of Walter Energy from 2005 until the Merger. Mr. O’Brien has served as President and Chief Executive Officer of Brier Patch Capital and Management, Inc., a family real estate investment and management firm, since September 2004. Mr. O’Brien served in various capacities at Pulte Homes, Inc. for 21 years, culminating in his appointment as President and Chief Executive Officer. He retired from that position in 2003. Mr. O’Brien is a director of Mueller Water Products, Inc., a publicly traded spin-off from Walter Energy, and A. Duda & Sons, Inc., a privately held family agriculture and real estate firm. He also serves on the Board of Trustees for the Billfish Foundation, a not-for-profit entity dedicated to the worldwide management of billfish resources. |
Denmar Dixon |
Mr. Denmar J. Dixon is Vice Chairman of the Board, Executive Vice President of Walter Investment Management Corp. He has served as a director of the Company since April 2009 and, on January 22, 2010 he became Vice Chairman and Executive Vice President of the Company. Prior to becoming an executive officer of the Company, he also had served as a member of the company's Board’s Audit Committee, Nominating and Corporate Governance Committee, and as Chairman of the Compensation and Human Resources Committee (Mr. Dixon resigned from each of these committee positions immediately prior to his employment by the Company). Prior to serving on the Company’s Board, Mr. Dixon was elected to the Board of Managers of JWHHC (WIM’s predecessor) in anticipation of the spin-off of the Company’s business and subsequent merger with Hanover. In 2008 Mr. Dixon founded Blue Flame Capital, LLC, a consulting, financial advisory and investment firm. Mr. Dixon retired in January 2008 after 23 years with Banc of America Securities and its predecessors. At the time of his retirement, Mr. Dixon was a Managing Director in the Corporate and Investment Banking group and held the position of Global Head of the Basic Industries group. |
Charles Cauthen |
Mr. Charles E. Cauthen is Chief Financial Officer, Chief Operating Officer of Walter Investment Management Corp. He served as President of the Company. Since November 2006 he served as the President of Walter Mortgage Company (“WMC”), and as the Chief Financial Officer of JWH Holding Company (“JWHHC”), the parent company of WMC. Prior thereto, he served as President of Jim Walter Homes (“JWH”) since August 2005. Previously, he served as Chief Operating Officer of JWH since February 2005 and Senior Vice President and Controller of Walter Energy since November 2000. Prior thereto, he was Senior Vice President and Chief Financial Officer- Consumer Products Group, Bank of America, from 1999 to November 2000. |
Keith Anderson |
|
Kimberly Perez |
Ms. Kimberly A. Perez has been appointed as Senior Vice President, Chief Accounting Officer of Walter Investment Management Corp., effective September 2, 2011. She served as Chief Financial Officer, Vice President and Treasurer of the Company since April 2009. She also was appointed Vice President of JWHHC in November 2006 and, as of February 2009, she held the same office in WIM. She was appointed Executive Vice President and Chief Financial Officer of the Financial Services Group of Walter Energy in December 2002. Prior to this, she served as Vice President, Corporate Accounting for Walter Energy from 2000 to 2002, and before that she served as Assistant Controller — Director of Accounting and Strategic Planning for Walter Energy beginning in July 1997. Prior to her employment at Walter Energy, she was employed by PricewaterhouseCoopers LLP from 1989 to 1997, most recently as an Audit Manager. |
Whitney Finch |
|
Brian Libman |
|
Steven Berrard |
Mr. Steven R. Berrard is Independent Director of Walter Investment Management Corp, since March 2010. He was appointed to serve on the Board’s Compensation Committee in March of 2010 and the Audit Committee in May of 2010. Mr. Berrard has served on the Board of Directors of Swisher International since 2004 and he currently serves as Swisher’s Chief Executive Officer. Mr. Berrard is the Managing Partner of New River Capital Partners, a private equity fund he co-founded in 1997. Prior to co-founding New River Capital Partners, Mr. Berrard was the co-founder and Co-Chief Executive Officer of AutoNation, Inc., an automotive retail company, from 1996 to 1999. Prior to joining AutoNation, Mr. Berrard served as President and Chief Executive Officer of the Blockbuster Entertainment Group, the video store operator. Prior to his tenure with Blockbuster, Mr. Berrard served as President of Huizenga Holdings, Inc. and served in various positions with subsidiaries of Huizenga Holdings, Inc. from 1981 to 1987. Prior to joining Huizenga Holdings, Inc., Mr. Berrard was employed by Coopers & Lybrand from 1976 to 1981. Mr. Berrard currently serves on the Board of Directors of Pivotal Fitness. He has previously served on the Boards of Directors of Jamba, Inc., (2005 – 2009), Viacom, Inc., (1987 – 1996), Birmingham Steel (1999 – 2002), HealthSouth (2004 – 2006), and Boca Resorts, Inc. (1996 – 2004). Mr. Berrard earned his B.S. in Accounting from Florida Atlantic University. |
Ellyn Brown |
Ms. Ellyn L. Brown is Independent Director of Walter Investment Management Corp since April 2009. She practiced corporate and securities law, since 1996 as the president of Brown and Associates, a corporate law and consulting firm that provided operational, regulatory and governance guidance to financial services clients and other entities that operate in regulated environments, until her retirement in 2010. She also has taught corporate and securities law at Villanova University School of Law and the University of Maryland School of Law. Ms. Brown has served as a director of NYSE Euronext, Inc. and its predecessors since 2005, and also is a member of the board of directors of NYSE Regulation, Inc., which oversees NYSE market regulation. In addition, she serves on the Board of Governors of the Financial Industry Regulatory Authority (“FINRA”). From 2007 to 2011 Ms. Brown was a trustee of the Financial Accounting Foundation (parent of the Financial Accounting Standards Board and the Government Accounting Standards Board). She served as Maryland’s Securities Commissioner from 1987-1992, and later was a member of the boards of the National Association of Securities Dealers Regulation and the Certified Financial Planner Board of Standards. |
Alvaro de Molina |
Mr. Alvaro G. de Molina has been appointed as Independent Director of Walter Investment Management Corp., effective September 10, 2012. Mr. de Molina served as the Chief Executive Officer of GMAC from March 2008 to November 2009. He previously served in a number of senior leadership roles at Bank of America, including Chief Financial Officer, Chief Executive Officer of Banc of America Securities, President of Global Corporate and Investment Banking, and Corporate Treasurer. Prior thereto he held the lead financial role for emerging markets at J. P. Morgan. He began his career with Price Waterhouse. Mr. de Molina serves on the boards of Duke University's Fuqua School of Business and the Financial Services Volunteer Corps. |
William Meurer |
Mr. William J. Meurer is Independent Director of Walter Investment Management Corp since April 2009. Prior to serving on the Company’s Board, he was elected to the Board of Managers of JWH Holding Company, LLC, a subsidiary of Walter Energy and parent of WIM (“JWHHC”), in anticipation of the spin-off of the Company’s business and subsequent merger with Hanover. Previously, Mr. Meurer was employed for 35 years with Arthur Andersen LLP where he served most recently as the Managing Partner for Arthur Andersen’s Central Florida operations. Since retiring from Arthur Andersen in 2000, Mr. Meurer has been a private investor and consultant. Mr. Meurer also serves on the Board of Trustees for LifeLink Foundation, Inc. and as a member of the board of directors of Sykes Enterprises, Incorporated and the Eagle Family of Funds. |
James Pappas |
Dr. James L. Pappas has been appointed as Independent Director of Walter Investment Management Corp., effective September 10, 2012. Dr. Pappas served as President, Graduate School of Banking at the University of Wisconsin from 1995 to 2005 and as the Lykes Professor of Banking and Finance at the University of South Florida's College of Business Administration from 1986 to 2006. From 1987 to 1995 he served as the Dean of the College of Business at the University of South Florida. Dr. Pappas serves as the Chairman of the Board of Trustees for the Eagle Family of Mutual Funds. |
Shannon Smith |
Mr. Shannon E. Smith is Independent Director of Walter Investment Management Corp since April 2009. He, until his resignation in June of 2011, served as a Director, Senior Vice President and Chief Operating Officer of American Land Lease, Inc., a real estate investment trust, and as a Managing Director of Green Courte Partners, LLC, a Chicago-based private equity real estate investment firm. Until the completion of its merger with GCP Sunshine Acquisition, Inc. on March 16, 2009, American Land Lease was listed on the NYSE. Mr. Smith joined American Land Lease, Inc. in October 2000 as Chief Accounting Officer and was appointed as its Chief Financial Officer in February 2001 and its Chief Operating Officer in July 2009. Mr. Smith was named a Managing Director of Green Courte Partners in May of 2009. Mr. Smith also served as the Secretary of American Land Lease, Inc. from July of 2002 until January of 2008. From March 1997 to October 2000, Mr. Smith served as Chief Financial Officer of Jemison-Demsey Holding Company, Jemison Industries and other entities controlled by Jemison Investment Company. Mr. Smith began his career with Ernst & Whinney as a certified public accountant. |
Michael Tokarz |
Mr. Michael T. Tokarz is Independent Director of Walter Investment Management Corp since April 2009. Mr. Tokarz has served as a director of the Company since April 2009. Mr. Tokarz has been Chairman of Walter Energy’s board of directors since December 2006 and has been a director of Walter Energy since September 1987. Since February 1, 2002 he has been a member of the Tokarz Group, LLC. From January 1996 until February 1, 2002, Mr. Tokarz was a member of the limited liability company which serves as the general partner of Kohlberg Kravis Roberts & Co. L.P. Mr. Tokarz also is a director of CNO Financial Group, Inc. (f/k/a Conseco, Inc.) (2003 – present), IDEX Corporation (1987 – present), Mueller Water Products, Inc. (2006 – present) and MVC Capital, Inc. (2004 – present). |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Mark O'Brien |
3,360,240 |
Denmar Dixon |
2,369,750 |
Charles Cauthen |
2,435,470 |
Keith Anderson |
1,719,660 |
Kimberly Perez |
1,305,980 |
Whitney Finch |
-- |
Brian Libman |
1,697,160 |
Steven Berrard |
-- |
Ellyn Brown |
-- |
Alvaro de Molina |
-- |
William Meurer |
-- |
James Pappas |
-- |
Shannon Smith |
-- |
Michael Tokarz |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Mark O'Brien |
0 | 0 |
Denmar Dixon |
0 | 0 |
Charles Cauthen |
27,053 | 191,512 |
Keith Anderson |
0 | 0 |
Kimberly Perez |
0 | 0 |
Whitney Finch |
0 | 0 |
Brian Libman |
0 | 0 |
Steven Berrard |
0 | 0 |
Ellyn Brown |
0 | 0 |
Alvaro de Molina |
0 | 0 |
William Meurer |
0 | 0 |
James Pappas |
0 | 0 |
Shannon Smith |
0 | 0 |
Michael Tokarz |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
SMITH SHANNON E |
200 | $38.00 |
SMITH SHANNON E |
200 | $37.97 |
SMITH SHANNON E |
30 | $37.92 |
SMITH SHANNON E |
300 | $38.01 |
SMITH SHANNON E |
201 | $37.91 |
SMITH SHANNON E |
200 | $37.94 |
SMITH SHANNON E |
630 | $37.90 |
SMITH SHANNON E |
210 | $37.89 |
SMITH SHANNON E |
2,000 | $37.86 |
SMITH SHANNON E |
106 | $37.88 |
SMITH SHANNON E |
5,100 | $37.84 |
SMITH SHANNON E |
800 | $38.01 |
SMITH SHANNON E |
21 | $37.87 |
SMITH SHANNON E |
2 | $37.95 |
PAPPAS JAMES L |
2,180 | $0.00 |
BERRARD STEVEN R |
2,180 | $34.40 |
DEMOLINA ALVARO G |
2,180 | $34.40 |
BROWN ELLYN L |
2,180 | $34.40 |
TOKARZ MICHAEL T |
2,180 | $34.40 |
MEURER WILLIAM J |
2,180 | $34.40 |
DIXON DENMAR JOHN |
100 | $45.89 |
DIXON DENMAR JOHN |
100 | $45.81 |
DIXON DENMAR JOHN |
200 | $45.94 |
DIXON DENMAR JOHN |
200 | $45.91 |
DIXON DENMAR JOHN |
200 | $46.34 |

