Stanton E. Ross has served as Chairman, President and Chief Executive Officer
since September 2005. From March 1992 to June 2005, Mr. Ross was the Chairman
and President of Infinity Energy Resources, Inc., a publicly held oil and gas
exploration and development company (“Infinity”), and served as an
officer and director of each of Infinity’s subsidiaries. He resigned all
his positions with Infinity in June 2005, except Chairman, but was reappointed
President in October 2006. Mr. Ross served on the board of directors of Studio
One Media, Inc., a publicly held company, from January 2013 to March 2013. From
1991 until March 1992, he founded and served as President of Midwest Financial,
a financial services corporation involved in mergers, acquisitions and financing
for corporations in the Midwest. From 1990 to 1991, Mr. Ross was employed by Duggan
Securities, Inc., an investment banking firm in Lenexa, Kansas, where he primarily
worked in corporate finance. From 1989 to 1990, he was employed by Stifel, Nicolaus
& Co., a member of the New York Stock Exchange, where he was an investment
executive. From 1987 to 1989, Mr. Ross was self-employed as a business consultant.
From 1985 to 1987, Mr. Ross was President and founder of Kansas Microwave, Inc.,
which developed a radar detector product. From 1981 to 1985, he was employed by
Birdview Satellite Communications, Inc., which manufactured and marketed home
satellite television systems, initially as a salesman and later as National Sales
Manager. Mr. Ross estimates he devoted most of his time to Digital Ally and the
balance to Infinity in 2016. In late 2007, Infinity sold a substantial portion
of its operating assets and has not required a substantial amount of his time
since such point. Mr. Ross holds no public company directorships other than with
the Company and Infinity and has not held any others during the previous five
years, except for Studio One Media, Inc. The Company believes that Mr. Ross’s
broad entrepreneurial, financial and business expertise and his experience with
micro-cap public companies and his role as President and Chief Executive Officer
give him the qualifications and skills to serve as a Director.
Thomas J. Heckman has served as the Chief Financial Officer, Treasurer and
Secretary since January 2008. From February 2001 to December 2007, Mr. Heckman
was an investor/owner of several private companies and was a self-employed consultant
providing financial accounting and consulting services to private and public
companies. From 1983 until 2001, Mr. Heckman was employed by Deloitte and Touche,
LLP, a subsidiary of Deloitte Touche Tohmatsu, one of the largest auditing,
consulting, financial advisory, risk management, and tax services organizations
in the world. During his 18 years with Deloitte and Touche, LLP, including six
years as Accounting and Auditing Partner in the Kansas City office, Mr. Heckman
specialized in IPOs and public reporting entities. Mr. Heckman earned his Bachelor
of Arts degree in Accounting at the University of Missouri – Columbia.
Mr. Heckman holds no public company directorships currently and for the previous
five years.
Leroy C. Richie has been the Lead Outside Director of Digital Ally since September
2005. He is also the Chairman of the Compensation Committee and Nominating and
Governance Committee and a member of the Audit Committee. Since June 1, 1999
Mr. Richie has been a director of Infinity Energy Resources, Inc., a publicly
held oil and gas exploration and development company. Additionally, until 2017,
Mr. Richie served as a member of the boards of directors of Columbia Mutual
Funds, (or mutual fund companies acquired by or merged with Columbia Mutual
Funds), a family of investment companies managed by Ameriprise Financial, Inc.
From 2004 to 2015, he was of counsel to the Detroit law firm of Lewis &
Munday, P.C. He holds no other public directorships and has not held any others
during the previous five years, except for OGE Energy Corp. (2007-2014) and
Kerr-McGee Corporation (1998-2005). Mr. Richie serves as a member of the Board
of Trustees and Chairman of the Compensation Committee for the Henry Ford Health
System, in Detroit. Mr. Richie was formerly Vice President of Chrysler Corporation
and General Counsel for automotive legal affairs, where he directed all legal
affairs for its automotive operations from 1986 until his retirement in 1997.
Before joining Chrysler, he was an associate with the New York law firm of White
& Case (1973-1978), and served as director of the New York office of the
Federal Trade Commission (1978-1983). Mr. Richie received a B.A. from City College
of New York, where he was valedictorian, and a J.D. from the New York University
School of Law, where he was awarded an Arthur Garfield Hays Civil Liberties
Fellowship. The Company believes that Mr. Richie’s extensive experience
as a lawyer and as an officer or director of public companies gives him the
qualifications and skills to serve as a Director.
Daniel F. Hutchins was elected a Director in December 2007. He serves as Chairman
of the Audit Committee and is the Board’s financial expert. Mr. Hutchins,
a Certified Public Accountant, is a Principal with the accounting firm of Hutchins
& Haake, LLC and currently serves as a director and the Chief Financial
Officer of Infinity Energy Resources, Inc., a publicly held oil and gas exploration
and development company, of which Stanton E. Ross is the Chairman and President.
Mr. Hutchins has served as an instructor for the Becker CPA exam with the Keller
Graduate School of Management and has over 17 years of teaching experience preparing
CPA candidates for the CPA exam. He has 39 years of public accounting experience,
including five years with Deloitte & Touche, LLP. He has served on the boards
of various non-profit groups and is a member of the American Institute of Certified
Public Accountants. Mr. Hutchins earned his Bachelor of Business Administration
degree in Accounting at Washburn University in Topeka, Kansas. Mr. Hutchins
holds no other public company directorships and has not held any others during
the previous five years. The Company believes that Mr. Hutchins’ significant
experience in finance and accounting gives him the qualifications and skills
to serve as a Director.
Michael J. Caulfield was elected a Director in May 2016. He is a member of
the Audit Committee, Compensation Committee and Nominating and Governance Committee.
He served as Vice President – Strategic Development of the Company from
June 1 2009 to January 11, 2012. Mr. Caulfield was most recently (2012-2016)
a Vice-Chairman at Teneo Holdings, LLC, a global advisory firm where he was
responsible for the firm’s investment banking relationships with a broad
range of industrial companies. From 2006 to 2009, Mr. Caulfield served as a
Managing Director at Banc of America Securities (“BAS”), where he
was responsible for the merger, acquisition, divestiture and restructuring advisory
services for a number of large public and private companies. He was also in
charge of BAS’s global investment banking activities involving the Safety,
Security, Engineering and Construction Industries. Prior to joining BAS, Mr.
Caulfield spent six years (2000-2006) as a Managing Director with Morgan Stanley
in New York City, leading that global investment banking firm’s efforts
in the Aerospace and Defense Industries. He was also responsible for the investment
banking relationships with a number of Morgan Stanley’s largest clients.
From 1989 to 2000, he worked at General Electric Capital Corp., where he served
as a Managing Director and head of the Corporate Finance Group. In this capacity,
he advised GE Capital and the industrial divisions of General Electric on such
issues as capital structuring, mergers and acquisitions, and private equity
transactions. Mr. Caulfield received an MBA from the Wharton School of the University
of Pennsylvania and a B.S. Degree from the University of Minnesota. The Company
believes that Mr. Caulfield’s significant experience in finance, corporate
finance and investment banking gives him the qualifications and skills to serve
as a director.
