WILLIAM MCBRIDE, III
Mr. McBride joined the Company in September 2014 and currently serves as Chairman and Chief Executive Officer. He brings over 30 years of healthcare, financing, real estate and corporate leadership experience in both the long-term care and real estate investment trust (“REIT”) sectors. Before joining the Company, Mr. McBride was previously a founder and served as Chairman and CEO of Assisted Living Concepts, Inc. from 1997 to 1999. While at Assisted Living Concepts, he expanded the company from four to 170 properties through new construction in 14 states and financed the company’s growth through sale leaseback and mortgage financing transactions. Prior thereto, Mr. McBride served as President, Chief Operating Officer and a Director of LTC Properties, Inc., a healthcare real estate investment trust which he co-founded in 1992. While there, he completed the largest REIT IPO at the time and successfully completed over $500 million in acquisitions and public financings and two mortgage securitization transactions. Mr. McBride has also served on the Board of Directors and was Chairman of the Financing Committee of Malan Realty Properties, a NYSE-listed commercial property REIT. Mr. McBride is a graduate of the University of California Los Angles (UCLA) with an undergraduate degree in Economics and a Master’s in Business Administration.
Michael J. Fox
Mr. Fox has served as a director since October 2013. Mr. Fox is the Chief Executive Officer of Park City Capital, LLC (“Park City”), an equity hedge fund he founded in June 2008. From 2000 to 2008, Mr. Fox worked at J.P. Morgan Securities, where he served as a Senior Analyst and Vice President. In this position, Mr. Fox served as the head of JPMorgan’s Business Services Equity Research Group that covered 16 companies, including commercial real estate services, construction services, uniform rental services and staffing services. Mr. Fox received his Bachelor of Business Administration (BBA) degree from Texas Christian University.
Thomas W. Knaup
Mr. Knaup serves as a Director of the Company. Mr. Knaup was employed for approximately 12 years with Aon, California (a division of Aon Corporation), a global professional services firm specializing in risk management, insurance and reinsurance brokerage, where he held the position of Senior Vice President. Previously, he served in a variety of executive roles with senior management responsibilities at Alexander & Alexander, Emmett & Chandler, Near North and Warren McVeigh Griffin. Mr. Knaup has a wealth of mergers and acquisitions and financial experience. He holds a Bachelor of Science in Geology and a Master of Business Administration with a concentration in Finance and Accounting, both from the University of California, Los Angeles.
Mr. Morrison serves as a Director of the Company and is currently a Managing Director of Zuma Capital Management LLC, a Registered Investment Advisor, a position he has held since 2012 where he manages the firm’s assets by investing in undervalued small-cap companies. Prior to Zuma, Mr. Morrison was a Senior Research Analyst at Strome Group, a private investment firm, from 2009 to 2012. He was a Research Analyst at Clocktower Capital, LLC, a global long/short equity hedge fund based in Beverly Hills, Calif., from 2007 to 2009. Prior thereto, he was a Vice President at Wilshire Associates, a financial consulting firm, from 1999 to 2007. Mr. Morrison currently serves on the Board of Directors of NASDAQ-listed iPass Inc. Mr. Morrison received a MBA from the University of California at Los Angeles, with an emphasis in Finance and International Business, and a B.A. in Finance from the University of Colorado at Denver. Mr. Morrison is a Chartered Financial Analyst.
Mr. Rimland joined the Company in April 2015 and serves as President and Chief Financial Officer. He has over 25 years of experience in investment banking and expertise within the healthcare services and related real estate sectors, including positions with leading bulge bracket and mid-sized investment banks. During his investment banking career, Mr. Rimland managed more than $100 billion in M&A and capital raising transactions. He joined AdCare from Stephens, Inc. where he served as Managing Director in the Healthcare Group, focusing on healthcare services companies from 2011 to until 2015. Prior thereto, Mr. Rimland was a Managing Director at JMP Securities, Inc. and Wachovia Securities. Mr. Rimland is a graduate of the University of Pennsylvania’s Wharton School and Moore School of Electrical Engineering and received a Master’s in Business Administration from the University of Chicago’s Booth School of Business.
David A. Tenwick
Mr. Tenwick, our founder, has served as our Chairman and Director since our organization in August 1991. Effective June 1, 2014, Mr. Tenwick was appointed to serve as AdCare’s Interim Chief Executive Officer and President. Prior to founding our Company, Mr. Tenwick was an independent business consultant from 1982 to 1990. Through this capacity, he has served as a director and an officer of several businesses, including Douglass Financial Corporation, a surety company, and AmeriCare Health & Retirement, Inc., a long-term care management company. From 1967 until 1982, Mr. Tenwick was a director and an officer of Nucorp Energy, Inc., a company which he co-founded. Nucorp Energy was a public company which invested in oil and gas properties and commercial and residential real estate. Prior to founding Nucorp, he was an enforcement attorney for the United States Securities and Exchange Commission. Mr. Tenwick is a member of the Ohio State Bar Association and was a founding member of the Ohio Assisted Living Association, an association that promotes high quality assisted living throughout the State of Ohio. Mr. Tenwick earned his Bachelor of Business Administration (BBA) and Juris Doctor (JD) degrees from the University of Cincinnati in 1960 and 1962, respectively.