People: PetMed Express Inc (PETS.O)
13.16USD
17 May 2013
$0.01 (+0.08%)
$13.15
$13.24
$13.33
$13.03
199,123
294,280
$14.51
$9.15
Akdag, Menderes
Brief Biography
Mr. Menderes Akdag is President, Chief Executive Officer, Director of Petmeds Express Inc. Mr. Akdag has served as the Company’s Chief Executive Officer since March, 2001 and as President since August, 2005, and was appointed to the Board of Directors in November, 2002, bringing a breadth of experience in the areas of direct response marketing, operations, and finance. Mr. Akdag is also a member of the Company’s Investment Committee. Mr. Akdag has played a vital role in the continuing development and implementation of the Company’s strategic business plan, the Company into its expansion into online retail sales and pursuing nationwide recognition of the Company’s brand. At the time Mr. Akdag accepted the position as Chief Executive Officer, the Company had net operating losses and an accumulated deficit. In 2009, Mr. Akdag was an Ernst & Young® Entrepreneur of the Year Florida Winner in the retail category as well as a national finalist. Recognized globally, the award honors the entrepreneurs who inspire others with their vision, leadership, and achievement. Mr. Akdag holds a Bachelor of Science degree in Business Administration with a major in finance from the University of Florida where he graduated with high honors. Prior to joining PetMed Express, Mr. Akdag served as Chief Executive Officer of International Cosmetics Marketing Co. d/b/a Beverly Sassoon & Co., a publicly held (PS:SASN) direct sales company distributing skin care and nutritional products, from November 2000 until March, 2001. From May 1991 until August 2000, Mr. Akdag was employed by Lens Express, Inc., a direct sales company distributing replacement contact lenses. From May 1991 until May 1996, Mr. Akdag was also a member of the Board of Directors. Mr. Akdag serves on the Board of Directors of Medical Mobile Monitoring (Integrity Tracking LLC), a privately-held company in which he is a minority investor.
Basic Compensation
| Total Annual Compensation, USD | Long-Term Incentive Plans, USD | All Other, USD | Fiscal Year Total, USD |
|---|---|---|---|
| 550,000 | -- | 190,154 | 740,154 |
Options Compensation
| Quantity | Market Value | |
|---|---|---|
| Excercisable | 166,667 | 1,188,340.00 |
| Unexercisable | 83,333 | 594,164.00 |
| Excercised | 55,556 | 284,271.00 |
| Name | Fiscal Year Total |
|---|---|
Robert Schweitzer |
-- |
Menderes Akdag |
740,154 |
Bruce Rosenbloom |
432,244 |
Frank Formica |
-- |
Gian Fulgoni |
-- |
Ronald Korn |
-- |

