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Sotherly Hotels Inc (SOHO.OQ)

SOHO.OQ on NASDAQ Stock Exchange Global Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Andrew Sims

59 2010 Chairman of the Board, Chief Executive Officer

David Folsom

50 2011 President, Chief Operating Officer, Director

Anthony Domalski

53 2013 Chief Financial Officer, Vice President

Edward Stein

67 2010 Lead Independent Director

David Beatty

71 2011 Independent Director

Anthony Zinni

71 2004 Independent Director

Scott Kucinski

2014 IR Contact Officer

Biographies

Name Description

Andrew Sims

Mr. Andrew M. Sims is the Chairman of the Board, Chief Executive Officer of Sotherly Hotels Inc. In addition, Mr. Sims has served in such capacities since our inception in August 2004. In addition, Mr. Sims served as our president from our inception through December 31, 2010. He served as President of MHI Hotels Services LLC (“Services”) from 1995 until August 2004 after serving for seven years as Vice President of Finance and Development. As President of Services, Mr. Sims oversaw company operations as well as the areas of accounting and finance, marketing, development and franchise relations. Andrew M. Sims is the brother of Kim E. Sims. Mr. Sims serves as a director of Services. Mr. Sims has a bachelor of science degree in commerce from Washington & Lee University.

David Folsom

Mr. David R. Folsom is the President, Chief Operating Officer, Director of Sotherly Hotels Inc. He was appointed to the position of president in January 2011 and to the position of chief operating officer in January 2006. Mr. Folsom was appointed as a Director in 2011. Mr. Folsom assists the chief executive officer in the execution of our strategic business plan and coordinates our capital raising and borrowing efforts, as well as sourcing and conducting due diligence on potential acquisitions to facilitate the company’s growth. Prior to joining our company, Mr. Folsom was Vice President of Paragon Real Estate, a Cleveland-based early stage real estate venture focusing on distressed multi-family assets in 2005. From 2001 to 2005, he was an investment banker with BB&T Capital Markets, where he served in the Real Estate Securities Group and Debt Capital Markets Groups. While at BB&T, Mr. Folsom participated in over 70 equity, debt and preferred stock underwritings, as well as financial advisory transactions across many industries. He was a member of the lead underwriting team that took our company public in 2004. Mr. Folsom served as a commissioned officer in the U.S. Marine Corps, is a graduate of the U.S. Naval Academy and received a master of business administration degree from Georgetown University. In 2012, Mr. Folsom also acted as an adjunct professor at the College of William and Mary.

Anthony Domalski

Mr. Anthony E. Domalski serves as the Chief Financial Officer, Vice President of Sotherly Hotels Inc. Prior to this role, Mr. Domalski was our chief accounting officer since May 2005. He joined our Company in May 2005 and was appointed an officer by the board of directors in July 2006. A certified public accountant, he is responsible for financial analysis, cash management, investment, risk management and financial and tax reporting. From 2001 to 2005, Mr. Domalski served as Chief Financial Officer for SwissFone, Inc., a Washington, DC based telecommunications company, where he assisted in a management-led buyout of the U.S. international wholesale division from Swisscom, AG. Prior to his tenure at SwissFone, Inc., Mr. Domalski held several other senior financial positions in the telecommunications and hospitality industry and spent nine years at a local public accounting firm. Mr. Domalski is a member of the American Institute of Certified Public Accountants. Mr. Domalski received a bachelor of science degree in accounting and finance from the University of Maryland.

Edward Stein

Mr. Edward S. Stein serves as the Lead Independent Director of Sotherly Hotels Inc. He is chairman of the NCGC Committee and is a member of the audit committee. He is a founding partner of the Norfolk, Virginia law firm of Weinberg and Stein. Mr. Stein has practiced law in the areas of real estate, estate planning, probate, corporate law and business law since 1974. He is admitted to the Virginia Bar and is a member of the Norfolk and Portsmouth and Virginia Bar Associations. Mr. Stein received a bachelor of arts degree from Harvard University and a juris doctor degree from the University of Virginia School of Law.

David Beatty

Mr. David J. Beatty serves as the Independent Director of Sotherly Hotels Inc. He previously served as a director of the Company from the completion of our initial public offering in December 2004 until 2007 and resumed service as a director of the Company in 2011. He also serves as chairman of the Company’s audit committee. He began his 40 plus year career in finance and real estate development as head of marketing operations for George Kaufman real estate development group in 1972. He was a founder of Essex Commercial Mortgage in 1987 and founder and President of CENIT Commercial Mortgage Corp. in 1990. In 2001, Mr. Beatty founded TowneBank Commercial Mortgage, LLC, where he currently serves as President. TowneBank Commercial Mortgage, LLC specializes in placing debt and equity for the lodging industry. He has been President of Guest Quarters, Inc., Treasurer and Chief Financial Officer of Guest Quarters Development Group and President of mortgage financing for Lawson-Essex, Inc. Mr. Beatty received a bachelor of arts degree from Georgetown University and a master of business administration degree from the Darden School of Business at the University of Virginia.

Anthony Zinni

General Anthony C. Zinni serves as the Independent Director of Sotherly Hotels Inc., since December 2004. He is a member of the NCGC Committee. General Zinni has been a director at BAE Systems, since 2001 and served as Chief Executive Officer on an interim basis during 2009. General Zinni also served as a director of DynCorp International from 2006-2008 and served as the Executive Vice President of DynCorp International, from July 2008-December 2008. He retired from the U.S. Marine Corps after 39 years of service in October 2000. During his military career, General Zinni served as the Commanding General, First Marine Expeditionary Force from 1994 to 1996, and as Commander-in-Chief, U.S. Central Command from 1997 to 2000. General Zinni has participated in numerous humanitarian operations and Presidential diplomatic missions. In November 2001, General Zinni was appointed senior adviser and U.S. envoy to the Middle East by Secretary of State Colin Powell. Since November 2000, General Zinni has consulted in the areas of defense, military, national security, foreign policy and regional issues. Since 2008, he has served as a professor at Cornell University. In 2008, he also served as a professor at Duke University. General Zinni received a bachelor of arts degree in economics from Villanova University. He also earned a master of arts degree in international relations from Salve Regina College, a master of science degree in management and supervision from Central Michigan University, and honorary doctorate degrees from both the College of William and Mary and the Marine Maritime Academy.

Scott Kucinski

Mr. Scott Kucinski is IR Contact Officer of Sotherly Hotels Inc. Mr. Kucinski will help oversee the Company's corporate operations activities including capital markets transactions, acquisitions and dispositions, asset management, and investor relations and compliance matters. Mr. Kucinski joined the Company in 2004 and has served in a variety of roles including Director of Construction Services and, most recently, Director of Investor Relations. Mr. Kucinski holds an MBA from the Mason School of Business at the College of William and Mary and a BA from Washington and Lee University.

Basic Compensation

Name Fiscal Year Total

Andrew Sims

655,829

David Folsom

459,271

Anthony Domalski

409,542

Edward Stein

--

David Beatty

--

Anthony Zinni

--

Scott Kucinski

--
As Of  31 Dec 2014