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Insignia Systems Inc (ISIG.OQ)

ISIG.OQ on NASDAQ Stock Exchange Capital Market

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13 Dec 2018
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Summary

Name Age Since Current Position

Kristine Glancy

38 2016 Chief Executive Officer

Jeffrey Jagerson

50 2017 Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Chief Accounting Officer, Treasurer

David Boehnen

68 2015 Independent Director

Suzanne Clarridge

2018 Independent Director

Loren Unterseher

2018 Independent Director

Gary Vars

2013 Independent Director

Steven Zenz

63 2013 Independent Director

Biographies

Name Description

Kristine Glancy

Ms. Kristine Glancy is Chief Executive Officer of Insignia Systems, Inc., effective May 9, 2016. Ms. Glancy joins the Company from Kraft Foods, now Kraft Heinz Company, an international food and beverage company, where she has held the position of Customer Vice President since May 2013. Prior to becoming Customer Vice President, Ms. Glancy was Director of Sales from June 2012 to May 2013 and National Customer Manager from November 2010 to June 2012.

Jeffrey Jagerson

Mr. Jeffrey Jagerson serves Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Chief Accounting Officer, Treasurer of the company effective July 17, 2017. He has 29 years of accounting and finance experience. During that time, his roles have included Vice President of Finance and Corporate Controller at Digital River, and Chief Financial Officer at Christiansen Farms. Mr. Jagerson graduated with a B.S. in Accounting from Minnesota State University, Mankato and an MBA from the Carlson School of Business at the University of Minnesota.

David Boehnen

Mr. David L. Boehnen is an Independent Director of the Company. He was Chairman of the Board of Insignia Systems, Inc., effective August 19, 2013. He is the Chair of the Nominating and Corporate Governance Committee and is a member of the Audit Committee. Mr. Boehnen is Of Counsel at the law firm of Dorsey & Whitney LLP, where he was a partner prior to joining SUPERVALU, Inc. in 1991. From 1997 through 2010, Mr. Boehnen served as Executive Vice President of SUPERVALU and was responsible for real estate and store development, corporate development, legal and government affairs. Mr. Boehnen retired from SUPERVALU in December 2010 and served as Senior Counselor to the CEO for one year thereafter. Mr. Boehnen holds an Artium Baccalaureatus degree in Government from the University of Notre Dame and a Juris Doctor degree with honors from Cornell University Law School.

Suzanne Clarridge

Ms. Suzanne L. Clarridge is Independent Director of the company. She is the founder of My Brands Inc., a company providing direct-to consumer solutions to consumer packaged goods (CPG) companies, and has served as President, Chief Executive Officer and the director of My Brands since 2001. At My Brands, Ms. Clarridge develops the strategic vision for the company, oversees finances, operations and employees, and manages the full sales cycle. Ms. Clarridge began her career at the State University of New York at Brockport, teaching marketing and management. Following that, she pursued a career in marketing and general business management with companies including Diamond Packaging, Hefty (Mobil) and Fisher Price (Mattel). The majority of her CPG career was spent with Hefty where she began as Assistant Brand Manager. She was promoted to senior brand management positions as she worked on Hefty Cinch Sak, Hefty Cups and Hefty Plates. Ms. Clarridge has a B.A. from Oakland University in Rochester, Michigan, and an M.B.A. in Marketing from the Rochester Institute of Technology. She serves on the President’s advisory board of the Rochester Institute of Technology.

Loren Unterseher

Mr. Loren A. Unterseher is Independent Director of the company. He is a Managing Director of Oxbow Industries, LLC, a holding company investing in middle-market private companies, which position he has held since 2004. Over his career, Mr. Unterseher has completed over $2.5 billion in corporate finance transactions. Prior to Oxbow Industries, Mr. Unterseher was a Principal/Shareholder & Director of Mergers and Acquisitions for Craig-Hallum Capital Group. Prior to Craig-Hallum, he was Director of Private Equity for Lazard Middle Market (f/k/a Goldsmith Agio Helms). Mr. Unterseher started his investment banking career as a Vice-President in Mergers and Acquisitions at RBC (f/k/a Dain Rauscher). He began his professional career as an attorney and was a Partner at Stinson Leonard Street (f/k/a Leonard, Street & Deinard), a major Minneapolis based law firm. Mr. Unterseher is currently Chairman of the Board of Inno-flex, LLC, a private company (a director since 2016), and serves on the boards of SkyWater Technology Foundry, Inc. (since 2017), SixSpeed, LLC (since 2016) and Town & Country Fence, LLC (since 2017), each of which is a private company. Mr. Unterseher has served on several private company and not for profit boards of directors. He holds a B.B.A. degree in Finance from the University of Iowa and a J.D. from the University of North Dakota.

Gary Vars

Mr. Gary L. Vars is an Independent Director of the Company. He has been a member of the Board since August 2013. He is also a member of the Nominating and Corporate Governance Committee. Mr. Vars had previously been on the Company’s Board of Directors from 1999 to 2007 and was Chairman of the Board of Directors from March 2001 to March 2004. Mr. Vars retired as an employee and executive officer of the Company in January 2006. From December 2002 to January 2006, he held the position of President of the POPS Division. From September 1998 to December 2002, he held the position of Executive Vice President and General Manager of the POPS Division. Prior to joining the Company in 1998, Mr. Vars spent 22 years as a marketing and business development consultant to Fortune 500 companies. From 1966 to 1976, Mr. Vars held various management positions at The Pillsbury Co., including Director of Marketing and New Product Development, Grocery Products Division. Mr. Vars’ experience brings to the Company deep expertise in our industry as well as an understanding of sales and marketing.

Steven Zenz

Mr. Steven R. Zenz is an Independent Director of Insignia Systems, Inc. He has been a member of the Board since October 2013. He is also Chair of the Audit Committee. He is also a Director of NuAx, Inc. and Closys Corporation, early stage privately-held technology companies, as well as Metro Sales, Inc., a privately-held office equipment distributor. Mr. Zenz is a former partner of the audit and advisory firm KPMG, where served in various capacities in his 33 years with the firm, including partner in charge of the audit group and partner in charge of the firm’s SEC and technical accounting practices in KPMG’s Minneapolis, Minnesota and Des Moines, Iowa, offices as well as lead audit partner for many publicly-held company clients. Since 2011, Mr. Zenz has acted as a consultant on several merger and acquisition transactions providing advice on valuations, SEC filings, technical accounting and integration. He holds a Bachelor of Science degree in Accounting and a Masters of Business Taxation degree from the University of Minnesota. Mr. Zenz’s deep financial expertise and SEC experience benefit the Company.

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