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”), a value-oriented investment management firm 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 also serves on the board of directors of Resonant Inc.
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.
Mr. Morrison has served as a director since October 2014 and is currently the Managing Director of Zuma Capital Management LLC, a position he has held since 2012. Prior thereto, Mr. Morrison was a Research Analyst for Wells Fargo Advisors from 2012 to 2013, the Senior Research Analyst at the Strome Group, a private investment firm, from 2009 to 2012, a Research Analyst at Clocktower Capital, LLC, a global long/short equity hedge fund based in Beverly Hills, California, from 2007 to 2009 and a Vice President of Wilshire Associates, a financial consulting firm, from 1999 to 2007. Mr. Morrison also served on the board of directors of NASDAQ-listed iPass Inc., which provides global enterprises and telecommunications carriers with cloud-based mobility management and Wi-Fi connectivity services, from May 2015 to June 2016.
ALLAN J. RIMLAND
Mr. Rimland joined the Company in April 2015 as President and Chief Financial Officer and was named Chief Executive Officer in April 2017. Mr. Rimland has served as a director since October 2015. 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.
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.
Brian M. Szames
Mr. Szames has served as a director of the Company since May 2017. He is currently Managing Principal of BMS Advisors, LLC, a strategic, financial and investment advisory firm he founded in 2016 and serves on the Board of Directors of a diversified value-add REIT. From 1999 until his retirement in 2016, Mr. Szames served as Group Vice President and Treasurer of Macy’s, Inc. In such capacity, he managed multi-billion dollar debt and investment portfolios and was responsible for Macy’s, Inc.’s corporate finance activities, capital structure, pension and investment plans, financial risk management, and cash management. Prior to his position with Macy’s, Mr. Szames’ previous roles included serving as Vice President & Treasurer at Fingerhut Companies, Inc. from 1998 to 1999 and Footstar, Inc. from 1996 to 1998, and Assistant Treasurer at Melville Corporation (now known as CVS) from 1992 to 1996.