People: Auxilio Inc (AUXO.PK)
Mr. Michael D. Vanderhoof is Independent Director of Auxilio Inc. Mr. Vanderhoof is Chairman of Cambria Asset Management LLC and a principal in Cambria Investment Fund LP. Cambria Asset Management is the holding company for Cambria Capital LLC, a FINRA-registered broker dealer with offices in Los Angeles, San Francisco and Salt Lake City. Cambria Investment Fund LP provides bridge loans and equity financing to early-stage developing companies. From 2001 to present, Mr. Vanderhoof has served as a director and member of our Compensation Committee. From 2012 to 2013, Mr. Vanderhoof was a director and member of the Compensation Committee of Summer Energy Holdings, Inc. (OTCBB: SUME). Mr. Vanderhoof has over 25 years of experience in the capital markets. From 1998 to present, he has advised various private and public companies on capital formation, mergers and acquisitions and financing. From 1993 to 1997, Mr. Vanderhoof was a trader on a trading desk that made markets in over 200 OTC companies. His career began in 1985 as an Account Executive for a FINRA broker-dealer firm in Salt Lake City, Utah. Mr. Vanderhoof’s background in entrepreneurial investment brings to our Board strategic planning and risk management skills that are important to the implementation of our growth strategies and oversight of the Company and operational risk management. Based on his experience and background, the Board has concluded that Mr. Vanderhoof is qualified to serve as a director of the Company.
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