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Trans World Entertainment Corp (TWMC.OQ)

TWMC.OQ on NASDAQ Stock Exchange Global Market

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22 Oct 2018
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Summary

Name Age Since Current Position

Michael Solow

59 1999 Independent Chairman of the Board

Michael Feurer

48 2016 Chief Executive Officer, Director

Edwin Sapienza

48 2018 Chief Financial Officer

Bruce Eisenberg

58 2001 Executive Vice President - Real Estate

W. Michael Reickert

54 Director

Martin Hanaka

69 2013 Independent Director

Robert Marks

66 2012 Independent Director

Michael Nahl

75 2010 Independent Director

Biographies

Name Description

Michael Solow

Mr. Michael B. Solow is an Independent Chairman of the Board of Trans World Entertainment Corporation. He is the Co-Chairman and Managing Partner of Kaye Scholer LLP, an international law firm based in New York City, where he has practiced since January 2001 and is currently a member of the firm’s Executive Committee. Prior to joining Kaye Scholer LLP, Mr. Solow was a Partner and Practice Manager for the Financial Services Practice at Hopkins & Sutter, a Chicago, Illinois law firm. Mr. Solow has previously served on other corporate boards, including Camelot Music, Inc. Mr. Solow provides the Board with extensive legal and management experience, particularly his expertise in corporate finance and his experience in law firm management.

Michael Feurer

Mr. Michael Feurer is Chief Executive Officer, Director of the Company. Mr. Feurer most recently served as Chief Executive Officer and President of Vanity Stores from 2012 to 2014. Mr. Feurer’s prior experience includes nine years, from 2001 through 2010, at Coldwater Creek in various positions, including Senior Vice President Merchandising and Merchandise Operations and President, Strategic New Concepts. He also spent nine years at the Gap where he was responsible for Market Planning and Planning and Allocation for their Canadian, European, and Japanese markets. Mr. Feurer has extensive international and domestic retail experience gained through his positions at Coldwater Creek and Gap Inc., combined with the leadership skills developed as the Chief Executive Officer at Vanity Stores.

Edwin Sapienza

Mr. Edwin Sapienza is Chief Financial Officer of the Company. He has served as the Company’s Vice President – Strategy, Secretary and Treasurer since 2012, and will continue in those roles, in addition to serving as Chief Financial Officer. Mr. Sapienza joined the Company in 1993 as a staff accountant. He holds a Bachelor of Science degree from Rensselaer Polytechnic Institute.

Bruce Eisenberg

Mr. Bruce J. Eisenberg is an Executive Vice President - Real Estate of Trans World Entertainment Corporation. since May 2001. He added the title of Executive Vice President of Store Operations in 2011. He joined the Company in August of 1993 as Vice President of Real Estate and was named Senior Vice President of Real Estate in May 1995. Prior to joining the Company, Mr. Eisenberg was responsible for leasing, finance and construction of new regional mall development at The Pyramid Companies.

W. Michael Reickert

Mr. W. Michael Reickert is an Director of the Company. Prior to founding Independent Family Office in 2005, Mr. Reickert was employed by The Ayco Company, LP. from 1986 to 2004 in various positions, including Executive Vice President. Mr. Reickert currently serves on the board of Albany Medical Center since 2011. Mr. Reickert provides the Board with financial and investment expertise. Mr. Reickert is a trustee of the Robert J. Higgins TWMC Trust, which is our largest shareholder, and is also trustee of various other trusts.

Martin Hanaka

Mr. Martin E. Hanaka is an Independent Director of Trans World Entertainment Corporation. Mr. Hanaka recently was the Interim Chief Executive Officer of Guitar Center, Inc. from January 2013 to April 2013 and a board member thru April 2014. Previously, Mr. Hanaka served as the Chairman of Golfsmith International Holdings, Inc. from April 2007 to November 2012 and was the Chief Executive Officer from June 2008 to November 2012. From September 1998 to August 2003, Mr. Hanaka served as the Chief Executive Officer of The Sports Authority Inc. and served as Chairman from November 1999 through June 2004. From August 1994 to October 1997, he served as the President and Chief Operating Officer of Staples Inc. and served as a member of the Board of Directors. He has served on a dozen public and private boards of directors, including the Company’s from 1998 through 2009. In addition to significant experience providing oversight as a director in various capacities, Mr. Hanaka contributes substantial experience in the retail sector.

Robert Marks

Mr. Robert E. Marks is an Independent Director of the Company. Mr. Marks is currently a director of Terra Income Fund 6 and Denny’s Corporation (“Denny’s”) and served as Chairman of the Board of Directors of Denny’s from 2004 to 2006; a member of the Board of Trustees of the Greenwich, Connecticut Public Library, and a member of the Board of Overseers of The International Rescue Committee. Mr. Marks has extensive finance, investment and executive compensation experience to share with the Board.

Michael Nahl

Mr. Michael C. Nahl is an Independent Director of Trans World Entertainment Corporation. He was Executive Vice President and Chief Financial Officer of Albany International Corp. from April 2005 until his retirement in September 2009. Mr. Nahl is currently a director of Lindsay Corporation and was a member of JPMorgan Chase and Company’s Regional Advisory Board from 1996 through 2010. Mr. Nahl has broad and thorough knowledge on accounting, disclosure, risk management, auditing and finance matters, as well as operational and strategic experience to share with our Board.

Basic Compensation

Name Fiscal Year Total

Michael Solow

147,084

Michael Feurer

1,528,720

Edwin Sapienza

--

Bruce Eisenberg

548,342

W. Michael Reickert

104,500

Martin Hanaka

111,426

Robert Marks

123,000

Michael Nahl

112,926
As Of  3 Feb 2018

Options Compensation