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United States

Titan Machinery Inc (TITN.OQ)

TITN.OQ on NASDAQ Stock Exchange Global Select Market

14.83USD
19 Oct 2018
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Summary

Name Age Since Current Position

David Meyer

64 Chairman of the Board, Chief Executive Officer

Mark Kalvoda

46 2011 Chief Financial Officer

Bryan Knutson

39 2017 Chief Operating Officer, Vice President - Ag Operations

Stanley Dardis

68 2017 Lead Independent Director

Anton Christianson

65 2003 Director

Bradley Crews

2018 Director

Stan Erickson

67 2017 Director

John Henderson

55 2017 Director

Jody Horner

56 2015 Director

Christine Hamilton

62 2018 Independent Director

Richard Mack

50 2015 Independent Director

Biographies

Name Description

David Meyer

Mr. David J. Meyer is Chairman of the Board, Chief Executive Officer of Titan Machinery Inc. Mr. Meyer worked for JI Case Company in 1975. From 1976 to 1980, Mr. Meyer was a partner in a Case/New Holland Dealership with locations in Lisbon, North Dakota and Wahpeton, North Dakota. In 1980, Mr. Meyer, along with a partner, founded Titan Machinery Inc. Mr. Meyer has served on both the Case CE and CaseIH Agriculture Dealer Advisory Boards. Mr. Meyer is the past chairman and current board member of the North Dakota Implement Dealers Association, and currently serves as a Trustee on the University of Minnesota Foundation.

Mark Kalvoda

Mr. Mark Kalvoda is Chief Financial Officer of Titan Machinery Inc. He served as Chief Financial Officer in April 2011 and previously served as Chief Accounting Officer since September 2007. Prior to joining us, he held various positions between 2004 and 2007 at American Crystal Sugar Co., including Corporate Controller, Assistant Secretary and Assistant Treasurer. Prior to working for American Crystal Sugar Co., he served in various financial positions within Hormel Foods Corporation.

Bryan Knutson

Mr. Bryan Knutson is Chief Operating Officer, Vice President - Ag Operations of the Company. He joined the Company in 2002 where he began his career in sales later moving to store manager, complex manager, and region manager prior to his current role today. Prior to his appointment to the additional role of Chief Operating Officer, Mr. Knutson has served as Vice President, Ag Operations of the Company since 2016.

Stanley Dardis

Mr. Stanley Dardis is an Lead Independent Director of Titan Machinery Inc., since October 1, 2010. From 1998 to 2010, Mr. Dardis served as Chief Executive Officer and Director of Bremer Financial Corporation, a bank holding company composed of nine bank subsidiaries, a trust company, and an insurance company, headquartered in St. Paul, Minnesota. During his tenure as CEO, Bremer Financial Corporation delivered asset growth, net income growth, and return on equity that resulted in improvements in peer group ranking. From 1995 to 1998, he served as Bremer Financial Corporation's President and Chief Operating Officer, and prior to that, he was the Company's Executive Vice President—Retail Banking. From 1986 to 1993, Mr. Dardis held positions of increasing responsibility at Metropolitan Federal Bank, including serving as President, Chief Executive Officer, and Director from 1990 to 1993. Mr. Dardis also served as a member of the Office of the Chairman of Metropolitan Financial Corporation from 1990 to 1993. Metropolitan Financial Corporation was sold and merged into U.S. Bank. From 1982 to 1986, he served as Executive Vice President of Norwest Bank. Mr. Dardis served in the United States Air Force as a pilot and instructor pilot from 1971 to 1975. He received a B.S. from North Dakota State University and is a graduate of the University of Wisconsin Graduate School of Banking.

Anton Christianson

Mr. Anton J. (Tony) Christianson is a director of Titan Machinery Inc. since January 2003. He was one of the founders of Titan Machinery LLC. Since 1981, Mr. Christianson has been the Chairman of Cherry Tree Companies, an affiliated group of investment banking and wealth management firms in Minneapolis, Minnesota. Affiliates of Cherry Tree Companies act as the general partner of Adam Smith Fund, LLC. Mr. Christianson also currently serves as a director of Arctic Cat, Inc., a manufacturer of snowmobiles and related equipment. Mr. Christianson served as a director for the following public companies during the last 5 years: The Dolan Company, Peoples Educational Holdings, Inc., and Williston Holding Company. Tony Christianson and Peter Christianson, our President and one of our directors, are brothers. Among other attributes, skills and qualifications, the Board believes that Mr. Tony Christianson is uniquely qualified to serve as a director based on his experience in the financial services and investment industries, as well as his experience as a public and private company director, which provides the Board with a seasoned view on financing, investment, acquisition and operating strategies, public company regulatory compliance issues, and investor relations.

Bradley Crews

Mr. Bradley Crews is Director of the Company, effective October 1, 2018. Mr. Crews is a retired business executive with over 35 years of experience, including 23 years at CNH Industrial ("CNHi"). Mr. Crews retired from CNHi in October 2017, after serving in a number of leadership positions at CNHi. Most recently, Mr. Crews served as Chief Operating Officer for CNHi's North American operations and as President of CNHi's Agricultural Segment from May 2014 until his retirement. Prior to this role as Chief Operating Officer and President, Mr. Crews held numerous other positions at CNHi including: Senior Vice President, Global Quality and Product Support (2010-2014); Vice President, North America Manufacturing (2006-2009); Plant Manager (2003-2005); Director of Industrial Operations, Crop Production GPL (2000-2002); Manager - Materials, Purchasing and Customer Service Center (1998-1999); and roles in New Product Quality (1994-1998). Prior to his career at CNHi, Mr. Crews was employed in engineering positions with General Motors and an automotive supply company. Mr. Crews earned a Bachelor of Science degree in Engineering from the University of Illinois, a Master of Science - Mechanical Engineering degree from the University of Michigan, and a Master of Science - Management of Technology degree from Renssaleaer Polytechnic University.

Stan Erickson

Mr. Stan K. Erickson is Director of the Company. Mr. Erickson currently serves as the President and Chief Executive Officer of Liberty Capital, Inc., which provides capital and investment services. Mr. Erickson co-founded Liberty Capital in 2013 after retiring from a 32-year career at ZieglerCat Inc., which is one of the largest Caterpillar dealers in the United States. Prior to his retirement, Mr. Erickson most recently served as President and Chief Operating Officer of ZieglerCat. Mr. Erickson currently serves on the board of directors of Electromed, Inc. (NYSEMKT: ELMD), where he serves as chair of the audit committee and a member of the nominating and governance committee. Mr. Erickson is a veteran of the United States Marine Corps, earned a B.S. from the University of Minnesota, has a CPA certification and began his business career as an auditor and tax professional.

John Henderson

Mr. John W. Henderson is Director of the Company. Mr. Henderson is a business executive with over 25 years of experience, including over 20 years as an executive at CNH Industrial. From 2013 to 2015, Mr. Henderson served as Executive Chairman and President of Oncore Manufacturing, LLC, which was a privately-held, high mix electronic manufacturing services provider for the industrial, medical and aerospace industry, where he led the turnaround and eventual sale of company. Prior to his position at Oncore, Mr. Henderson was an executive with The GSI Group, LLC, which produces grain storage and protein production systems, where he served as President and Chief Operating Officer from 2010 to 2012 and as Senior Vice President and Chief Financial Officer from 2006 to 2010. Prior to joining The GSI Group, Mr. Henderson spent over 20 years at CNH, serving in a variety of leadership positions. Ultimately, from 2003 to 2006, Mr. Henderson served as Vice President and Controller of CNH’s North America and ANZ Agricultural Business. Mr. Henderson earned a B.S. in Business Management from the University of Wisconsin-Parkside and an M.B.A. from Marquette University.

Jody Horner

Ms. Jody Horner is Director of Titan Machinery Inc. Since February 2015, Ms. Horner has served as President of Midland University, a private liberal arts college located in Fremont, Nebraska. Prior to joining Midland University, Ms. Horner spent over 30 years at Cargill, Inc., serving in a variety of leadership roles. From 2008 to February 2015, Ms. Horner held dual roles, including President of Cargill Meat Solutions, one of Cargill's largest sectors, comprised of six independent animal protein businesses, and President/Business Unit Leader of Cargill Case Ready, which produces value-added protein products for the world's largest retailers and food service companies. At Cargill, Ms. Horner served on several corporate committees including the Global Business Conduct & Ethics Committee, a sub-group of the Audit Committee of the Board of Directors, and the Global Enterprise Process, Data and Technology Committee. Ms. Horner also served as Executive Sponsor for Cargill's worldwide business with Walmart and Sysco. From 2006 to 2008, she served as President/Business Unit Leader of Cargill Salt. Prior to that, she served as Vice President, Corporate Global Diversity and Vice President, Human Resources, where she provided strategic human resources leadership to 40+ business units/functions with 50,000 employees. She had previously held a number of other roles of increasing responsibility. Ms. Horner joined Cargill in 1984 as Merchant/Merchandising Manager of Cargill Flour Milling. Ms. Horner earned a BA in Economics from St. Olaf College, Northfield, MN and an MBA from Carlson School of Management, University of Minnesota, Minneapolis.

Christine Hamilton

Ms. Christine E. Hamilton is an Independent Director of the company effective March 1, 2018. She is the co-owner and managing partner of Christiansen Land and Cattle, Ltd., a large diversified farming and ranching operation in central South Dakota, and is also the co-owner of Dakota Packing, Inc., a wholesale meat distribution business. Ms. Hamilton currently serves on the board of directors for the Federal Reserve Bank, Ninth District, located in Minneapolis, Minnesota, and as a director of SAB Biotherapeutics, a privately-held biopharmaceutical company. Ms. Hamilton earned her B.A. in philosophy from Smith College and her M.B.A. from the University of Arizona.

Richard Mack

Mr. Richard Mack is a Independent Director of Titan Machinery of the TITAN MACHINERY INC. since June 4, 2015. Mr. Mack currently serves as Senior Advisor to The Mosaic Company, a leading international producer and marketer of phosphate and potash crop nutrients. From June 2014, through January, 2018, Mr. Mack served as Executive Vice President and Chief Financial Officer for Mosaic. Prior to that, Mr. Mack held the position of Senior Vice President, General Counsel and Corporate Secretary for Mosaic from the date of its initial public offering in 2004 until his promotion to Executive Vice President in 2009. In the decade prior to Mosaic's formation, he served in various legal capacities at Cargill, Inc., and was a founding executive of Mosaic and Cargill Ventures. Mr. Mack is also the founding executive of Streamsong Resort, which is owned by Mosaic. Among other attributes, skills and qualifications, the Board believes that Mr. Mack is uniquely qualified to serve as a director based on his experience as a public company executive, his familiarity with public company finance, financial statements, and capital markets, and his knowledge of corporate governance, agri-business markets, mergers and acquisitions, operating strategies, and international business.

Basic Compensation

Name Fiscal Year Total

David Meyer

483,100

Mark Kalvoda

762,050

Bryan Knutson

437,083

Stanley Dardis

133,333

Anton Christianson

120,000

Bradley Crews

--

Stan Erickson

133,333

John Henderson

140,000

Jody Horner

126,667

Christine Hamilton

--

Richard Mack

145,000
As Of  30 Jan 2018