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Monarch Casino & Resort Inc (MCRI.OQ)

MCRI.OQ on NASDAQ Stock Exchange Global Select Market

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12 Dec 2017
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Summary

Name Age Since Current Position

Bob Farahi

66 2011 Co-Chairman of the Board, President

John Farahi

69 2011 Co-Chairman of the Board, Chief Executive Officer, Secretary

David-Jacques Farahi

35 2012 Chief Operating Officer

Edwin Koenig

49 2016 Chief Accounting Officer

Richard Cooley

70 2016 Vice President - Finance

Paul Andrews

52 2014 Independent Director

Yvette Landau

60 2010 Independent Director

Craig Sullivan

70 1998 Independent Director

Biographies

Name Description

Bob Farahi

Mr. Bob Farahi serves as Co-Chairman of the Board, President of Monarch Casino & Resort, Inc. From 1973 until June 1993, Mr. Farahi was Vice President and a Director of Golden Road, a direct wholly owned subsidiary of the Company. Mr. Farahi divides his working time between the Company and the other private companies with which he is involved. Mr. Farahi is a partner in FIC. Mr. Farahi holds a biochemistry degree from the University of California at Berkeley. The Board believes Mr. Farahi is qualified to serve as a director due to his specific experience as a casino operator and in real estate development and his knowledge of the casino industry.

John Farahi

Mr. John Farahi is Co-Chairman of the Board, Chief Executive Officer, Secretary of Monarch Casino & Resort, Inc. He has served as Secretary of the Company since November 2011. From 1973 until June 1993, Mr. Farahi was President, Director, and General Manager of Golden Road, a direct wholly owned subsidiary of the Company. Mr. Farahi is a partner in Farahi Investment Company (“FIC”) which is engaged in real estate investment and development. Mr. Farahi served on the Washoe County Airport Authority as a Trustee from July 1997 until June 2005. Mr. Farahi is a former member of the Nevada Commission on Tourism and currently serves as a Board Member of the Reno-Sparks Convention and Visitors’ Authority. Mr. Farahi was appointed in 2013 by President Barack Obama to the United States Holocaust Memorial Council. Mr. Farahi holds a political science degree from the California State University at Hayward. The Board believes Mr. Farahi is qualified to serve as a director due to his specific experience as a casino operator and his knowledge of the casino industry.

David-Jacques Farahi

Mr. David-Jacques Farahi is Chief Operating Officer of Monarch Casino & Resort, Inc., since April 26, 2012. Mr. Farahi most recently held the positions of Executive Director of Gaming Operations and Director of Investor Relations for Monarch. Mr. Farahi began his gaming and hospitality career in 1998. He has extensive experience in over a dozen positions at Atlantis Casino Resort Spa. From 2004 to 2006, Mr. Farahi held finance positions with HSBC Bank plc in their New York, London and Geneva offices, in both the investment and private banking divisions. Mr. Farahi holds an MBA from Columbia Business School with concentrations in both Real Estate and Finance and holds a Bachelor’s degree in Economics and International Studies from Northwestern University.

Edwin Koenig

Mr. Edwin S. Koenig is Chief Accounting Officer of the Company. Mr. Koenig served as the Company’s Director of Corporate Development and Analysis from May of 2015 until March of 2016. Prior to joining the Company, Mr. Koenig served in various assurance roles at Ernst & Young LLP from November of 2003 to April of 2015. Mr. Koenig is a certified public accountant with Bachelor’s degrees in Accounting from the University of Nevada Las Vegas and in Business Management from Sonoma State University.

Richard Cooley

Mr. Richard L. Cooley is Vice President - Finance of the Company, since March of 2016. Mr. Cooley served as the Company’s Corporate Treasurer from October of 2012 until March of 2016. Mr. Cooley also served as a Controller for Golden Road, a direct wholly owned subsidiary of the Company from March of 1993 through March of 1994. In 1994, Golden Road named Mr. Cooley Vice President of Operations, and Mr. Cooley served in that role until May of 2001 when he was appointed Golden Road’s Vice President of Finance. Mr. Cooley remained Vice President of Finance for Golden Road until October of 2012 when he was appointed the Company’s Corporate Treasurer. Mr. Cooley has a bachelor's degree in Business Administration from the University of Nevada and is a certified public accountant licensed to practice in Nevada.

Paul Andrews

Mr. Paul Andrews is Independent Director of the Company. He is the President and CEO of the National Western Stock Show and Complex (“NWSS”), which plays host to the National Western Stock Show each January and over 240 other events each year in Denver, Colorado. Prior to joining NWSS in November 2010, Mr. Andrews spent 20 years in various capacities with Denver-based Kroenke Sports Enterprises LLC, owner of the Denver Nuggets, the Colorado Avalanche and the Pepsi Center Arena. Mr. Andrews served in various sales, marketing and administrative capacities while at Kroenke including the position of Executive Vice President in which he was responsible for all business operations. The Board believes Mr. Andrews is qualified to serve as a director due to his significant operations, marketing and sales experience.

Yvette Landau

Ms. Yvette E. Landau serves as Independent Director of Monarch Casino & Resort, Inc. Ms. Landau was general counsel and corporate secretary of Mandalay Resort Group from 1996 until 2005. Since 2005, Ms. Landau has been co-owner of W.A. Richardson Builders, LLC, a construction services firm specializing in casino resort development. Until May 2013, Ms. Landau served as a member of the Board of Directors of Greektown Superholdings, LLC which owns the Greektown Casino in Detroit, Michigan, and she currently serves as a member of the Board of Directors of Bossier Casino Venture, Inc. which owns the Margaritaville Resort Casino Bossier City in Louisiana. Ms. Landau is a past president of the International Association of Gaming Advisors, a worldwide organization of legal, financial and regulatory professionals in the gaming industry, and remains active with the organization as a counselor. Ms. Landau holds a bachelor’s degree from Arizona State University and a Juris Doctor degree from Northwestern University School of Law. The Board believes Ms. Landau is qualified to serve as a director due to her experience in hotel-casino management, her experience as an independent director of other casino companies and her experience in the legal and construction industries.

Craig Sullivan

Mr. Craig F. Sullivan serves as Independent Director of Monarch Casino & Resort, Inc. He was Chairman of the Board of Park Cattle Company (now Edgewood Companies) from July 2006 to June 2008. Since March 1998, Mr. Sullivan has been President of Sullivan & Associates, a strategic and financial consulting firm to companies in the gaming industry. Since 2013, Mr. Sullivan has been a director of PHL Local Gaming, LLC, which was a bidder for Philadelphia, Pennsylvania’s second casino license. From April 1995 to March 1998, Mr. Sullivan served as Chief Financial Officer and Treasurer of Primadonna Resorts, Inc., and from February 1990 to April 1995, Mr. Sullivan served as Treasurer of Aztar Corporation. Mr. Sullivan also served on the Board of New York-New York Hotel & Casino from March 1996 to June 1998. Mr. Sullivan holds a bachelor’s degree in economics from the George Washington University and holds a master’s degree in international management from the American Graduate School of International Management (now Thunderbird School of Global Management). The Board believes Mr. Sullivan is qualified to serve as a director due to his experience as a senior executive in the hotel-casino industry.

Basic Compensation

Name Fiscal Year Total

Bob Farahi

522,179

John Farahi

1,306,700

David-Jacques Farahi

510,399

Edwin Koenig

171,750

Richard Cooley

354,515

Paul Andrews

--

Yvette Landau

--

Craig Sullivan

--
As Of  31 Dec 2016

Options Compensation

Name Options Value

Bob Farahi

143,334 1,196,335

John Farahi

266,666 1,834,666

David-Jacques Farahi

0 0

Edwin Koenig

0 0

Richard Cooley

160,000 1,742,900

Paul Andrews

0 0

Yvette Landau

0 0

Craig Sullivan

0 0