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United States

Asta Funding Inc (ASFI.OQ)

ASFI.OQ on NASDAQ Stock Exchange Global Select Market

4.14USD
20 Nov 2018
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Summary

Name Age Since Current Position

Gary Stern

63 2009 Chairman of the Board, President, Chief Executive Officer

Ricky Stern

30 2014 Senior Vice President

Seth Berman

52 2013 Chief Compliance Officer, General Counsel

David Slackman

68 2008 Lead Independent Director

Louis Piccolo

64 2013 Director

Timothy Bishop

2018 Independent Director

Harvey Leibowitz

82 2000 Independent Director

Mark Levenfus

2016 Independent Director

Biographies

Name Description

Gary Stern

Mr. Gary Stern is Chairman of the Board, President and Chief Executive Officer of Asta Funding, Inc. Mr. Stern has been a director and the President and Chief Executive Officer of the Company since our inception in July 1994. Mr. Stern assumed the role of Chairman in January 2009. Mr. Stern had been Vice President, Secretary, Treasurer and a director of Asta Group since 1980 and held other positions with Asta Group prior thereto. In such capacities, he has obtained substantial experience in distressed consumer credit analysis and receivables collections. As a result of these and other professional experiences, Mr. Stern possesses particular knowledge and experience in financial management and collections which strengthens the Board’s collective qualifications, skills, and experience.

Ricky Stern

Mr. Ricky Stern is a Senior Vice President of the Company, Prior to this, Mr. Stern served as Assistant Treasurer of the Company and has been with the company for three years. Prior to joining the Company, Mr. Stern earned an MBA in Finance from Pace University in 2011. Mr. Stern is a Certified Financial PlannerTM professional as well as a Certified Investment Management AnalystSM professional. He is President of its wholly owned subsidiary, GAR Disability Advocates LLC.

Seth Berman

Mr. Seth Berman, Esq., is Chief Compliance Officer and General Counsel of Asta Funding Inc. He has served as our General Counsel since 2005 and was named Chief Compliance Officer in April 2013. From 1997 through 2004, Mr. Berman was an associate at Weil Gotshal & Manges LLP.

David Slackman

Mr. David S. Slackman is a Lead Independent Director of the Company, since June 9, 2008. He has also served as Director of Asta Funding, Inc. since May 2002. Mr. Slackman has served as Managing Director at HT Capital Advisors LLC from August 2008 to present. Mr. Slackman served as President, Manhattan Market — New York of Commerce Bank from January 2001 through June 2008. Prior to January 2001, Mr. Slackman was an Executive Vice President of Atlantic Bank of New York from 1994 to 2001 and a Senior Vice President of the Dime Savings Bank from 1986 to 1994.

Louis Piccolo

Mr. Louis A. Piccolo is a Director of the Company, since June 2004. Mr. Piccolo has served as President of A.L. Piccolo & Co., Inc., a business consulting firm specializing in management and financial consulting, since 1988. Mr. Piccolo was an Executive Vice President and Chief Financial Officer of Alfred Dunhill of London, Inc. from 1983 to 1988, and held the same positions at Debenham’s PLC, from 1981 to 1983. From 1977 to 1981, Mr. Piccolo was a senior accountant at KPMG Peat Marwick. As a result of these and other professional experiences, Mr. Piccolo possesses particular knowledge and experience in accounting and management which strengthens the Board’s collective qualifications, skills, and experience.

Timothy Bishop

Mr. Timothy Bishop is Independent Director of the Company. Mr. Bishop's experience includes serving Southampton College for 29 years, leaving the position of Provost in 2002 to make his first-ever run for office, when he was elected to represent New York's 1st Congressional District in one of the closest elections in the nation. He was re-elected to the House of Representatives five times. Congressman Bishop graduated from Southampton High School and holds a BA in History from Holy Cross College in Worcester, Massachusetts and a Masters Degree in Public Administration from Long Island University. During his time in Congress, Mr. Bishop served on the House Budget Committee for 4 years, and served as either the Vice-Chair or Co-Chair of the Democratic Budget group for all twelve years he was in Congress. Additionally, Mr. Bishop served as the budget officer for Southampton College for approximately 22 years.

Harvey Leibowitz

Mr. Harvey Leibowitz serves as Independent Director of Asta Funding, Inc., since March 2000. Mr. Leibowitz has served as a Senior Vice President of Sterling National Bank since June 1994. Prior to June 1994, Mr. Leibowitz was employed as a Senior Vice President and Vice President of several banks and financial institutions since 1963. As a result of these and other professional experiences, Mr. Leibowitz possesses particular knowledge and experience in financial services and management which strengthens the Board’s collective qualifications, skills, and experience.

Mark Levenfus

Mr. Mark Levenfus serves as Independent Director of the Company. He is Managing Partner Emeritus of Marks Paneth LLP and is Chairman of Morison KSi Limited, a global association of independent accounting firms. Until December 31, 2015, he was Managing Partner of Marks Paneth LLP, a nationally recognized accounting and advisory firm. During his tenure, he oversaw the firm's operations, managed business development efforts and consulted on key accounts. He also played a major role in developing strategy, setting policy and overseeing acquisitions. Mr. Levenfus has extensive experience in the financial, media and entertainment, and professional services industries. Mr. Levenfus currently serves as a member of the board of directors of several nonprofit organizations including: K.I.D.S./Fashion Delivers, Pardes Institute of Jewish Studies, New York Road Runners Club and Friends of Israel Sci-Tech Schools. Additionally, he served on the Board of Trustees of the Westchester Day School.

Basic Compensation

Name Fiscal Year Total

Gary Stern

659,210

Ricky Stern

264,550

Seth Berman

298,067

David Slackman

--

Louis Piccolo

--

Timothy Bishop

--

Harvey Leibowitz

--

Mark Levenfus

--
As Of  29 Sep 2015

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