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United States

CorVel Corp (CRVL.OQ)

CRVL.OQ on NASDAQ Stock Exchange Global Select Market

58.90USD
21 Aug 2018
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Summary

Name Age Since Current Position

V. Gordon Clemons

74 2017 Chairman of the Board, Chief Executive Officer, Chief Operating Officer

Michael Combs

54 2017 President

Kenneth Cragun

57 2018 Chief Financial Officer

Michael Saverien

47 2017 Executive Vice President, Risk Management Services

Maxim Shishin

43 2017 Chief Information Officer

Diane Blaha

63 2016 Chief Marketing Officer

Richard Schweppe

63 2018 Vice President - Finance

Robert Jessup

70 1997 Lead Independent Director

Steven Hamerslag

61 1991 Independent Director

Alan Hoops

70 2003 Independent Director

Jean Macino

75 2008 Independent Director

Jeffrey Michael

61 1990 Independent Director

Biographies

Name Description

V. Gordon Clemons

Mr. V. Gordon Clemons, Sr., is Chairman of the Board, Chief Executive Officer, Chief Operating Officer of the Company. He served as our Chief Executive Officer from January 1988 until August 2007 and as our President from January 1988 until May 2006. He was reappointed as our Chief Executive Officer, President and Chief Operating Officer in April 2012 and served in the role of President until April 2017. Mr. Clemons was President of Caremark, Inc., a home intravenous therapy company, from May 1985 to September 1987, at which time Caremark was purchased by Baxter International, Inc. From 1981 to 1985, Mr. Clemons was President of INTRACORP, a medical management company and subsidiary of CIGNA Corporation. Mr. Clemons has 41 years of experience in the healthcare and insurance industries. The Board believes Mr. Clemons is qualified to serve as Chairman of the Board given his extensive technology, industry, management and operational experience and his substantial understanding of the Company and its operations resulting from his various positions of leadership, including his position as Chief Executive Officer and Chief Operating Officer currently, his position as Chief Executive Officer, President, and Chief Operating Officer from 2012 until April 2017 and from 1988 until 2007 and his position as President from 1988 until 2006.

Michael Combs

Mr. Michael Combs is President of the Company. He previously served as our Chief Information Officer from April 2015 to April 2017. Mr. Combs has been with the Company for 25 years, joining the Company initially as a software engineer in October 1991. His prior positions at the Company include Vice President of MedCheck Development and Deputy Chief Information Officer. Prior to joining CorVel, he was with Science Applications International Corporation, a Delaware company, as a Software Engineer where he developed software for the Naval Oceans System Center Anti-Submarine Warfare program. Mr. Combs holds a Bachelor’s degree in Computer Science from San Diego State University.

Kenneth Cragun

Mr. Kenneth S. Cragun is no longer Chief Financial Officer of the Company, effective on October 1, 2018. He also serves as a Partner of Hardesty, LLC (“Hardesty”), a national executive services firm. He has been a Partner of Hardesty’s Southern California Practice since October 2016. Mr. Cragun has more than 30 years of experience, primarily in the technology industry, and has served as chief financial officer of two Nasdaq-listed companies, Local Corporation, which operated a U.S. top 100 website Local.com, from April 2009 to September 2016, and Modtech Holdings, Inc., a supplier of modular buildings, from June 2006 to March 2009. Mr. Cragun’s industry experience is vast and he also has extensive experience in fast-growth environments and building teams in more than 20 countries. Mr. Cragun has led multiple financing transactions, including IPOs, PIPEs, convertible debt, term loans and lines of credit.

Michael Saverien

Mr. Michael D. Saverien is Executive Vice President, Risk Management Services of the company. Prior to being a Senior Vice President, Mr. Saverien served as Vice President of the Company. Mr. Saverien joined CorVel in 2003. Prior to CorVel, Mr. Saverien served as the president of Advanced Risk Technologies, a California company, from 2001 to 2003 and worked at Cunningham Lindsey, a global loss adjusting, claims, management and risk solutions firm, as Account Executive from 1998 to 2000. Mr. Saverien has over 20 years of experience in the claims management industry.

Maxim Shishin

Mr. Maxim Shishin is Chief Information Officer of the company. He has been with CorVel since 2002, holding the positions of Vice President of Information Systems, Director of Software Engineering, Software Development Manager and Senior Software Engineer. Mr. Shishin has over 17 years of technology and systems experience. His background includes vast experience with enterprise software architecture.

Diane Blaha

Ms. Diane J. Blaha is Chief Marketing Officer of the Company. She has been with the Company for 24 years and previously was the Senior Vice President of Sales and Marketing from June 3, 2015 to November 2016 and the Senior Vice President, Sales and Account Management from November 2010 to June 2015. From November 2008 to November 2010, Ms. Blaha served as Vice President of Sales. From 1996 to November 2008, Ms. Blaha served as Vice President of Regional Sales. From 1994 to 1996, Ms. Blaha was an Account Executive at the Company in the Upper Midwest Region. Ms. Blaha joined CorVel in October 1992 initially as a Medical Case Manager until she moved into the sales and marketing team in 1994.

Richard Schweppe

Mr. Richard J. Schweppe is Vice President - Finance of the company. He has been with the Company for 29 years and was Chief Financial Officer from June 2014 until January 2018, Director of Finance from August 2005 to June 2014 and Chief Financial Officer for the Company from June 1991, when the Company completed its initial public offering, to August 2005, when he first resigned from that position. From March 1988 to June 1991, he was Director of Finance for the Company. Prior to that, he was Manager, Technical Accounting for Caremark, Inc. from May 1983 to February 1988.

Robert Jessup

Mr. Robert Judd Jessup is Lead Independent Director of the Company. Mr. Jessup was Chief Executive Officer of CombiMatrix Corporation, a molecular diagnostics laboratory, from August 2010 to March 2013. Mr. Jessup was Chief Executive Officer of U.S. LABS, a national laboratory which provides cancer diagnostic and genetic testing services, from 2002 to 2005. Mr. Jessup was President of the HMO Division of FHP International Corporation, a diversified health care services company, from 1994 to 1996. From 1987 to 1994, Mr. Jessup was President of TakeCare, Inc., a publicly held HMO operating in California, Colorado, Illinois and Ohio, until it was acquired by FHP. Mr. Jessup has 42 years of experience in the healthcare and managed care industries. Mr. Jessup was a director of CombiMatrix Corporation from August 2010 to November 2017, a director of Xifin, Inc., a laboratory billing systems company, from January 2006 to August 2013, a director of Superior Vision Services, a national managed vision care plan, from December 2007 to April 2012, and a director of Accentcare from October 2005 to February 2008.

Steven Hamerslag

Mr. Steven J. Hamerslag is an Independent Director of the Company. Mr. Hamerslag has been Managing Partner of TVC Capital, a venture capital firm, since April 2006, and Managing Director of Titan Investment Partners, also a venture capital firm, since November 2002. Mr. Hamerslag served as the President and Chief Executive Officer of J2Global Communications, a publicly held unified communication services company, from June 1999 until January 2001. Mr. Hamerslag served as the CEO of MTI Technology Corporation, a publicly held manufacturer of enterprise storage solutions, from 1987 to 1996. The Board believes Mr. Hamerslag’s valuable business, leadership and executive management experience, particularly in the technology industry, qualifies him to serve as a director.

Alan Hoops

Mr. Alan R. Hoops is an Independent Director of the Company. Mr. Hoops has been Executive Chairman of Health Essentials, a physician medical group specializing in hospice care, pharmacy and durable medical equipment services for medically complex and frail-elderly patients, since 2012. Mr. Hoops was Chairman of the Board and Chief Executive Officer of CareMore California Health Plan, a health maintenance organization, from March 2006 to March 2012. Mr. Hoops was Chairman of Benu, Inc., a regional benefits administration/marketing company, from 2000 to March 2006, and Chairman of Enwisen, Inc., a human resources services software company, from 2001 to March 2006. Mr. Hoops was Chief Executive Officer and a Director of Pacificare Health Systems, Inc., a national health consumer services company, from 1993 to 2000. Mr. Hoops has 44 years of experience in the healthcare and managed care industries. The Board believes Mr. Hoops’ experience as the Chief Executive Officer and Director of Pacificare Health Systems, Inc., combined with his strong operational and strategic background and extensive public company experience, qualifies him to serve as a director.

Jean Macino

Ms. Jean H. Macino is an Independent Director of the Company. Ms. Macino was Managing Director of Marsh and McLennan Companies, an insurance broker and strategic risk advisor, from 1980 to 1995, and Office Head of the Newport Beach office of Marsh, Inc. from 1995 to 2005. Ms. Macino has served on the Board of Governors of Chapman University for the past ten years and currently serves as Chairman of the Governorship Committee of Chapman University. Ms. Macino has 41 years of experience in the insurance brokerage industry. The Board believes Ms. Macino’s executive leadership experience, strong sales and marketing expertise in the insurance brokerage industry qualifies her to serve as a director.

Jeffrey Michael

Mr. Jeffrey J. Michael is an Independent Director of the Company. Mr. Michael has been President, Chief Executive Officer and a Director of Corstar Holdings, Inc., one of our significant stockholders and a holding company owning equity interests in CorVel since March 1996. The Board believes Mr. Michael’s experience as the President, Chief Executive Officer and Director of Corstar Holdings, Inc., combined with his strong operational and strategic background and extensive public company experience, qualifies him to serve as a director.

Basic Compensation

Name Fiscal Year Total

V. Gordon Clemons

401,113

Michael Combs

1,452,120

Kenneth Cragun

47,450

Michael Saverien

650,823

Maxim Shishin

465,964

Diane Blaha

682,237

Richard Schweppe

222,998

Robert Jessup

80,436

Steven Hamerslag

69,436

Alan Hoops

70,436

Jean Macino

67,436

Jeffrey Michael

67,436
As Of  30 Mar 2018