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MGIC Investment Corp (MTG.N)

MTG.N on New York Stock Exchange

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10 Dec 2018
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Summary

Name Age Since Current Position

Curt Culver

66 2015 Non-Executive Chairman of the Board

Patrick Sinks

61 2015 President, Chief Executive Officer, Chief Operating Officer, Director

Timothy Mattke

42 2014 Chief Financial Officer, Executive Vice President

Stephen Mackey

57 2015 Executive Vice President, Chief Risk Officer

Gregory Chi

58 2012 Senior Vice President – Information Services and Chief Information Officer of MGIC

James Hughes

55 2017 Executive Vice President – Sales and Business Development of MGIC

Kenneth Jastrow

71 2009 Lead Independent Director

Jodeen Kozlak

55 2018 Director

Melissa Lora

55 2018 Director

Daniel Arrigoni

67 2013 Independent Director

Cassandra Carr

73 2013 Independent Director

C. Edward Chaplin

61 2014 Independent Director

Timothy Holt

65 2012 Independent Director

Michael Lehman

67 2001 Independent Director

Gary Poliner

65 2013 Independent Director

Mark Zandi

59 2010 Independent Director

Michael Zimmerman

IR Contact Officer

Biographies

Name Description

Curt Culver

Mr. Curt S. Culver is Non-Executive Chairman of the Board of the Company. He was our Chief Executive Officer from January 2000 and was the Chief Executive Officer of Mortgage Guaranty Insurance Corporation (“MGIC”) from January 1999, in both cases until his retirement, and he held senior executive positions with us and MGIC for more than five years before he became Chief Executive Officer. He is also a director of Wisconsin Electric Power Company and Wisconsin Energy Corporation.

Patrick Sinks

Mr. Patrick Sinks is President, Chief Executive Officer, Chief Operating Officer, Director of the Company. Mr. Sinks has been our Chief Executive Officer since March 1, 2015. He has served as our President and Chief Operating Officer since 2006, and held senior executive positions with MGIC for more than five years before then.

Timothy Mattke

Mr. Timothy J. Mattke is Chief Financial Officer, Executive Vice President of the Company. He served as the Company’s Controller from 2009 through March 2014. He joined the Company in 2006. Prior to his becoming Controller, he was Assistant Controller of MGIC beginning in August 2007 and prior to that was a manager in MGIC’s accounting department. Before joining MGIC, Mr. Mattke was an audit manager and an auditor with PricewaterhouseCoopers LLP, the Company’s independent registered accounting firm.

Stephen Mackey

Mr. Stephen C. Mackey is Executive Vice President and Chief Risk Officer of MGIC Investment Corporation and MGIC , a subsidiary of the Company. Mr. Mackey was with JP Morgan Chase & Company from March 2011 until June 2015, where he held a number of senior leadership positions, including Managing Director, Firmwide Market Risk, Senior Vice President and Risk Management Executive in Mortgage Banking and Senior Vice President and Controller in Mortgage Banking. He has a diverse professional background prior to JP Morgan that includes 13 years with Fannie Mae where he had been a Vice President.

Gregory Chi

Mr. Gregory A. Chi is Senior Vice President – Information Services and Chief Information Officer of MGIC, Mr. Chi joined MGIC in February 2012 and has served as MGIC’s Senior Vice President – Information Services and Chief Information Officer since March 2012. Prior to joining MGIC, Mr. Chi had been Senior Vice President of Enterprise Delivery Services with SunTrust Bank since 2008. Prior to joining SunTrust, Mr. Chi had been Vice President, Information Technology Development Application with MetLife, Inc. since 2005. Prior to that, Mr. Chi held various senior management positions in the financial services industry. .

James Hughes

Mr. James J. Hughes is Executive Vice President – Sales and Business Development of MGIC, Mr. Hughes has served as Executive Vice President – Sales and Business Development of MGIC since January 2017. He served as Senior Vice President – Sales and Business Development of MGIC from 2015 to January 2017, and Vice President, Managing Director in the sales area from 2001 to 2015. He joined MGIC in 1987 and prior to becoming Vice President, Managing Director, he had been an Account Manager and a Sales Manager.

Kenneth Jastrow

Mr. Kenneth M. Jastrow, II., is Lead Independent Director of the Company. Mr. Jastrow served as a non-executive Chairman of the Board of Forestar Group Inc., which is engaged in various real estate and natural resource businesses. During 2000-2007, Mr. Jastrow served as Chairman and Chief Executive Officer of Temple-Inland Inc., a paper and forest products company, which during Mr. Jastrow’s tenure also had interests in real estate and financial services. Mr. Jastrow is also a director of KB Home and Genesis Energy, LLC, the general partner of Genesis Energy, LP, a publicly-traded master limited partnership.

Jodeen Kozlak

Ms. Jodeen A. Kozlak is Director of the Company. Ms. Kozlak is the founder and CEO of Kozlak Capital Partners, LLC, a private consulting firm. Ms. Kozlak previously served as the Global Senior Vice President of Human Resources of Alibaba Group, a multinational conglomerate (2016-2017). Ms. Kozlak also previously served as the Executive Vice President and Chief Human Resources Officer of Target Corporation, one of the largest retailers in the U.S. (2007-2016), and held other senior leadership roles in her 15-year career there. Prior to joining Target, Ms. Kozlak was a partner in a private law practice. Ms. Kozlak also serves on the board of Directors of C.H. Robinson Worldwide, Inc.

Melissa Lora

Ms. Melissa B. Lora is Director of the company. since 2013, has been President of Taco Bell International, a segment of Taco Bell Corp., which is a subsidiary of Yum! Brands, Inc., one of the world’s largest restaurant companies. Ms. Lora previously served in various roles at Taco Bell Corp., including Global Chief Financial and Development Officer (2012-2013), Chief Financial and Development Officer (2006-2012) and Chief Financial Officer (2001-2006). Ms. Lora will be retiring from Taco Bell Corp. in the summer of 2018. Ms. Lora also serves as Lead Independent Director for KB Home.

Daniel Arrigoni

Mr. Daniel A. Arrigoni is Independent Director of the Company. Mr. Arrigoni was President and Chief Executive Officer of U.S. Bank Home Mortgage Corp., one of the largest originators and servicers of home loans in the U.S., until his retirement in July 2013. Prior to his retirement, Mr. Arrigoni also served as an Executive Vice President of U.S. Bank, N.A. Mr. Arrigoni led the mortgage company for U.S. Bank and its predecessor companies since January 1996. Mr. Arrigoni has over 40 years of experience in the home mortgage and banking industries.

Cassandra Carr

Ms. Cassandra C. Carr is Independent Director of the Company. Ms. Carr is currently a consultant. She was Global Vice Chair of Talent at Hill+Knowlton Strategies before leaving in 2012, and spent nine years as a Senior Advisor for Public Strategies, Inc., both of which firms provide public relations services. Prior to joining Public Strategies, Ms. Carr held various senior-level positions with SBC Communications, Inc., which during her tenure became one of the world’s largest telecommunications companies, including Senior Executive Vice President – External Affairs, Senior Vice President – Human Resources, and Senior Vice President – Finance and Treasurer.

C. Edward Chaplin

Mr. C. Edward Chaplin is Independent Director of the Company. Mr. Chaplin was President and Chief Financial Officer at MBIA Inc., a provider of financial guarantee insurance and the largest municipal bond-only insurer, from 2008 until 2016, and remained with MBIA as Executive Vice President until his January 1, 2017 retirement. He served as a member of MBIA’s Board of Directors from 2003 until 2006, when he left to become Chief Financial Officer of that company. Prior to joining MBIA, Mr. Chaplin was Senior Vice President and Treasurer of Prudential Financial Inc., a firm he joined in 1983 and for which he held various senior management positions, including Regional Vice President of Prudential Mortgage Capital Company. Mr. Chaplin also serves on the Board of Brighthouse Financial, Inc., a provider of life insurance and annuity products in the U.S.

Timothy Holt

Mr. Timothy A. Holt is Independent Director of the Company. Mr. Holt was an executive committee member and Senior Vice President and Chief Investment Officer of Aetna, Inc., a diversified health care benefits company, when he retired in 2008 after 30 years of service. From 2004 through 2007, he also served as Chief Enterprise Risk Officer of Aetna. Prior to being named Chief Investment Officer in 1997, Mr. Holt held various senior management positions with Aetna, including Chief Financial Officer of Aetna Retirement Services and Vice President, Finance and Treasurer of Aetna. Mr. Holt also serves as a director of Virtus Investment Partners, Inc. and StanCorp Financial Group, Inc.; which was a publicly traded insurance products company until it was acquired in March 2016.

Michael Lehman

Mr. Michael E. Lehman is Independent Director of the Company. He served as director of the company since 2001. Mr. Lehman has served the University of Wisconsin in various capacities since March 2016, currently as Interim Vice Provost for Information Technology and Chief Information Officer (in both cases, until August 1, 2018) and Special Advisor to the Chancellor, and previously as Interim Vice Chancellor for Finance and Administration. He was the Interim Chief Financial Officer at Ciber Inc., a global information technology company (2013-2014); Chief Financial Officer of Arista Networks, a cloud networking firm (2012-2013); and Chief Financial Officer of Palo Alto Networks, a network security firm (2010-2012). Earlier in his career, he was the Executive Vice President and Chief Financial Officer of Sun Microsystems, Inc., a provider of computer systems and professional support services. During the past five years, Mr. Lehman also served as a director of Solera Holdings, Inc., until it was acquired by a private company.Mr. Lehman brings to the Board financial and accounting knowledge gained through his service as chief financial officer of a large, multinational public company; skills in addressing the range of financial issues facing a large company with complex operations; senior executive and operational experience; and leadership skills.

Gary Poliner

Mr. Gary A. Poliner is Independent Director of the Company. He served as director since 2013. Mr. Poliner was President of The Northwestern Mutual Life Insurance Company (“Northwestern Mutual”), the nation’s largest direct provider of individual life insurance, and a member of its Board of Trustees, until his retirement from that company in June 2013, after more than 35 years of service. He was named President of Northwestern Mutual in 2010. Mr. Poliner also held various other senior-level positions at Northwestern Mutual, including Chief Financial Officer (2001-2008) and Chief Risk Officer (2009-2012). During a portion of 2016, Mr. Poliner served as a consultant for the Janus Funds, and since June 2016 he has served as an Independent Trustee of the Janus Funds (58 funds).

Mark Zandi

Dr. Mark M. Zandi, Ph.D., is Independent Director of the Company. He has been director since 2010. Mr. Zandi has been Chief Economist of Moody’s Analytics, Inc., where he directs economic research. Moody’s Analytics is a leading provider of economic research, data and analytical tools. It is a subsidiary of Moody’s Corporation that is separately managed from Moody’s Investors Service, the rating agency subsidiary of Moody’s Corporation. Dr. Zandi is a trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, and he frequently testifies before Congress on economic matters.

Michael Zimmerman

Basic Compensation

Name Fiscal Year Total

Curt Culver

350,000

Patrick Sinks

7,033,790

Timothy Mattke

2,772,780

Stephen Mackey

2,194,250

Gregory Chi

1,277,970

James Hughes

2,446,880

Kenneth Jastrow

279,000

Jodeen Kozlak

--

Melissa Lora

--

Daniel Arrigoni

265,000

Cassandra Carr

241,000

C. Edward Chaplin

239,000

Timothy Holt

279,000

Michael Lehman

281,000

Gary Poliner

286,000

Mark Zandi

230,000

Michael Zimmerman

--
As Of  31 Dec 2017