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Vuzix Corp (VUZI.OQ)

VUZI.OQ on NASDAQ Stock Exchange Capital Market

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17 Aug 2018
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Summary

Name Age Since Current Position

Paul Travers

54 1997 President, Chief Executive Officer, Director

Grant Russell

62 2009 Chief Financial Officer, Executive Vice President, Director

Zach Stone

2018 Vice President - Operations

Shane Porzio

2018 Vice President - Engineering

Tim Boris

2017 Director

Edward Kay

60 2016 Director

Alexander Ruckdaeschel

44 2012 Independent Director

Michael Scott

69 Independent Director

Biographies

Name Description

Paul Travers

Mr. Paul J. Travers serves as President, Chief Executive Officer, Director of Vuzix Corp., since November 1997. He was the founder of Vuzix and has served as President and Chief Executive Officer since 1997 and as a member of board of directors since November 1997. Prior to the formation of Vuzix, Mr. Travers founded both e-Tek Labs, Inc. and Forte Technologies Inc. He has been a driving force behind the development of products. With more than 22 years’ experience in the consumer electronics field, and 20 years’ experience in the virtual reality and virtual display fields, he is a nationally recognized industry expert. He holds an Associate degree in engineering science from Canton, ATC and a Bachelor of Science degree in electrical and computer engineering from Clarkson University. Mr. Travers resides in Honeoye Falls, New York, United States.

Grant Russell

Mr. Grant Russell serves as Chief Financial Officer, Executive Vice President, Director of Vuzix Corp. Mr. Russell has served as Chief Financial Officer since 2000 and as a member of the board of directors since April 3, 2009. From 1997 to 2004, Mr. Russell developed and subsequently sold a software firm and a new concept computer store and cyber café. In 1984, he co-founded Advanced Gravis Computer (Gravis), which, under his leadership as President, grew to become the world’s PC and Macintosh joystick manufacturer with sales of $44,000,000 worldwide and 220 employees. Gravis was listed on NASDAQ and the Toronto Stock Exchange. In September 1996 it was acquired by a US-based Fortune 100 company in a public tender offer. Mr. Russell holds a Bachelor of Commerce degree in finance from the University of British Columbia and is both a US Certified Public Accountant and a Canadian Chartered Accountant.

Zach Stone

Mr. Zach Stone is Vice President - Operations of the Company. Mr. Stone has been with the Company for nearly two years and has more than 10 years of experience in the manufacturing, quality controls, supply chain management and operations. His previous employment positions have been at United Technologies Corporation including Pratt and Whitney, and other aerospace businesses owned by United Technologies Corporation; Sikorsky Aircraft Corporation and Atlantic Wire Co. Mr. Stone has BS in Material Science and Engineering from the University of Connecticut and his MBA/MS in Industrial Engineering from the University of New Haven.

Shane Porzio

Mr. Shane Porzio is Vice President - Engineering of the Company. Mr. Porzio has been with the Company for more than ten years and has more than 13 years of experience in architecture of systems and designs for hardware and software. His previous employment was at Lockheed Martin where he served as a Hardware Engineer. Mr. Porzio has BS in Computer Engineering Technology from Rochester Institute of Technology and his MS in Computer Science from Rochester Institute of Technology.

Tim Boris

Edward Kay

Mr. Edward W. Kay Jr. is Director of the company. He is a Certified Public Accountant who spent his 33-year career with PricewaterhouseCoopers LLP (PwC) working with companies in a wide variety of industries, including manufacturing, distribution, software and technology. During his tenure with PwC, he served in many capacities, including among others in the Accounting and SEC Services practice section of the Firm's National Office inNew York City, as leader of the firm's technology practice inDallas, Texas, as Managing Partner of the upstateNew Yorkpractice, and, most recently, as Managing Partner,Rochester, New YorkOffice from 1999-2012. He first joined PwC in 1979, and retired inJune 2012. Mr. Kay earned a B.S. in Accounting from Duke University, and an M.B.A. in Finance fromNorthwestern University. Mr. Kay's community involvement includes service as the Treasurer for the 2013 PGA Tournament at Oak Hill Country Club,Rochester, New York; President of Oak Hill Country Club,Rochester, New Yorkfrom 2010-2012; Board Chair and former Treasurer of St. Bernard's School of Theology,Rochester, New York; Audit Committee Chair, Roman Catholic Diocese ofRochester,Rochester, New York; and Audit Committee Chair and Finance Committee member, Greater Rochester YMCA,Rochester, New York. Mr. Kay was formerly on the Board, Executive Committee member, and Audit Committee Chair of IEC Electronics from 2013 to 2015, and is currently on the board of a$1billon private company in the product distribution business. During Mr. Kay's tenure at PwC and through his service on other corporate boards, he accumulated extensive experience in financial, securities, and business matters, including significant leadership roles in dealing with accounting and auditing matters related to public companies, which enable Mr. Kay to be a valuable contributor to our board.

Alexander Ruckdaeschel

Mr. Alexander Ruckdaeschel is Independent Director of Vuzix Corporation since November 2012. Since March 2001, Mr. Ruckdaeschel has worked in the financial industry in the United States and Europe and as a co- founder, partner and or in senior management. Mr. Ruckdaeschel cofounded Herakles Capital Management and AMK Capital Advisors in 2008. Mr. Ruckdaeschel has also been a partner with Alpha Plus Advisors, from 2006 to 2010, and Nanostart AG, from 2002 to 2006, where he was the head of their U.S. group. Mr. Ruckdaeschel has significant experience in startup operations as the manager of DAC Nanotech-Fund and Biotech-Fund from 2002 to 2006. Following service in the German military, Mr. Ruckdaeschel was a research assistant at Dunmore Management focusing on intrinsic value identifying firms that were undervalued and had global scale potential. From October 1992 to October 2000 Mr. Ruckdaeschel was in the German military and supported active operations throughout the Middle East while also participating as a professional biathlon athlete.

Michael Scott

Mr. Michael Scott is an Independent Director of Vuzix Corporation. He is a Professor of Law at the Southwestern Law School in Los Angeles, CA. Previously, he was Partner at various legal firms specializing in Technology and IP Practices, including Perkins Coie LLP, and Graham & James. He previously served on the board of Sanctuary Woods Multimedia, Inc., a publicly traded company. He is the author of 7 books on Technology Law as well as the writer of numerous legal IP-related articles published in journals, newspapers and magazines. He is the Founder and Editor-in-Chief of the E-Commerce Law Report and the Cyberspace Lawyer. Mr. Scott’s technology and intellectual property experience qualify him to serve on board of directors.

Basic Compensation

Name Fiscal Year Total

Paul Travers

376,626

Grant Russell

402,722

Zach Stone

--

Shane Porzio

--

Tim Boris

--

Edward Kay

--

Alexander Ruckdaeschel

--

Michael Scott

--
As Of  31 Dec 2014