Edition:
United Kingdom

Nortech Systems Inc (NSYS.OQ)

NSYS.OQ on NASDAQ Stock Exchange Capital Market

4.06USD
14 Dec 2017
Change (% chg)

-- (--)
Prev Close
$4.06
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
3,602
52-wk High
$6.21
52-wk Low
$3.16

Summary

Name Age Since Current Position

David Kunin

55 2015 Chairman of the Board

Richard Wasielewski

63 2014 Chief Executive Officer, Director

Matthew Mahmood

47 2017 Chief Operating Officer

Curtis Steichen

58 2012 Senior Vice President, Chief Marketing and Sales Officer

Kathleen Iverson

59 2015 Director

Kenneth Larson

74 2002 Independent Director

Richard Perkins

84 1993 Independent Director

Biographies

Name Description

David Kunin

Mr. David B. Kunin is Chairman of the Board of the company. He presently is the chief executive officer of Beautopia LLC, a beauty products manufacturing business. From 1997 until October 2011 he served as a director of Regis Corporation, the world’s largest owner and franchisor of hair salons. He spent ten years in sales and senior management positions for computer companies, contract manufacturing and printed circuit board fabrication. He serves as president of a family holding company, Curtis Squire, Inc., the owner of 49% of the Company’s outstanding common stock. Mr. Kunin has been a director of the Company since May 2014. Mr. Kunin brings to our Board his experience in the contract manufacturing and printed circuit board businesses as well as his experience as a director of a publicly owned company.

Richard Wasielewski

Mr. Richard G. Wasielewski is a Chief Executive Officer, Director of Nortech Systems Incorporated., effective January 1, 2014. Mr. Wasielewski was senior vice president and chief financial officer of the Company from April 2004, when he joined the Company, until February 13, 2013, when he was appointed to the additional position of president and chief operating officer. He was appointed chief executive officer and a director of the Company effective January 1, 2014.

Matthew Mahmood

Mr. Matthew Mahmood is Chief Operating Officer of the company. He brings Nortech over 20 years of management experience in manufacturing, technology and finance, with proven expertise creating and growing companies to maximize productivity, profitability, customer relations and shareholder value. He joins Nortech from Marabek LLC in Minneapolis, Minn., an advisory, acquisitions and holding company with a global reach; he was managing director.

Curtis Steichen

Mr. Curtis J. Steichen is the Senior Vice President, Chief Marketing and Sales Officer of Nortech Systems Inc. Mr. Steichen has been Chief Marketing and Sales Officer since January 2012. He has held senior marketing and operational positions with the Company since May 2005

Kathleen Iverson

Ms. Kathleen P. Iverson is an Director of Nortech Systems Incorporated. Since October 2014. Ms. Iverson is currently the CEO (consulting) of Black Hills IP, a provider of IP, paralegal and trademark services since October of 2014. Ms. Iverson currently serves on the Board of Directors of MOCON Inc., which develops, manufactures and markets measurement, analytical and monitoring product for the barrier packaging, food and pharmaceutical markets. She previously served as a Director of Speed Commerce, Inc., a provider of end to end e-commerce services from 2008 until 2014. Ms. Iverson served as President and CEO of CyberOptics Corporation, a designer and manufacturer of optical process control sensors and measurement inspection systems used in the electronic assembly and semiconductor industries, from January 2003 until her retirement in January 2014. Ms. Iverson held a variety of positions with CyberOptics beginning in 1998; she was a Director from May 1998 through January 2014, and she was Chairman of the Board from August 2009 through January 2014. Ms. Iverson brings to our Board her experience and knowledge from her executive and board positions and strong experience in the electronics manufacturing industry. Ms. Iverson has been a director of the Company since March 2015. She was recommended by the CEO.

Kenneth Larson

Mr. Kenneth D. Larson is an Independent Director of Nortech Systems Incorporated. Mr. Larson is currently the chief executive officer of Classic Space and was chairman of the board for Restaurant Technologies, Inc., an installer of automated cooking oil systems for the fast food restaurant industry, from 1999 until the company was sold in June 2011. Mr. Larson was president and chief operating officer of Polaris Industries, a leader in sales and service to the ATV and snowmobile industries, from 1988 to 1998. Mr. Larson has gained firsthand experience in corporate financial performance and all aspects of manufacturing within multidivisional operations. He has been a director of the Company since 2002. He served on the board of Feather Lite, Inc. a publicly held company until it was acquired in 2006. Mr. Larson brings to our Board his experience and knowledge from both his past executive positions and strong manufacturing background.

Richard Perkins

Mr. Richard W. Perkins is an Independent Director of Nortech Systems Incorporated. Mr. Perkins has served since 1985 as president, chief executive officer and a director of Perkins Capital Management, Inc., a registered investment advisor. He has been a director of the Company since 1993 and is the chairman of the Audit Committee. Mr. Perkins serves as a director for several privately held companies. At certain times during the past five years he has served as a director for CNS, Inc., PW Eagle, Inc., Lifecore Biomedical, Inc., Teledigital, Inc., Vital Images, Synovis Life Technologies, Inc., and Two Way TV (US), Inc. With his varied experiences as a director and investment manager working in the financial markets, Mr. Perkins has gained firsthand knowledge and experience in audit and internal controls over financial reporting and related matters dealing with shareholders and governance issues.

Basic Compensation

Name Fiscal Year Total

David Kunin

--

Richard Wasielewski

304,523

Matthew Mahmood

--

Curtis Steichen

262,870

Kathleen Iverson

--

Kenneth Larson

--

Richard Perkins

263,107
As Of  31 Dec 2014