Clarke H. Bailey joined the Board of Directors in June 2011. Mr. Bailey served
as Executive Chairman and Interim Chief Financial Officer of the Company from
May 2013 to April 2014. Mr. Bailey is presently the Chairman and CEO of EDCI Holdings,
Inc., a holding company, a position held since 2009. In addition to his position
at EDCI, he serves as a Director of Iron Mountain Incorporated where he has served
since 1998 and is currently Chairman of its Risk and Safety Committee. Previously,
Mr. Bailey served as the Chairman and CEO of Arcus, Inc. until 1998 and as Managing
Director and Head of the Principal Investment Group at Oppenheimer & Co. until
1990. Mr. Bailey has also previously served as a director on four other public
company boards, five private company boards, and three non-profit boards of trustees.
The Board believes that his significant experience in manufacturing, finance and
M&A, and serving as a Chief Executive Officer and on both public and private
boards, make him well qualified to serve as a director.
David Sandberg joined the Board of Directors in April 2009. Mr. Sandberg is
the managing member of Red Oak Partners, LLC, which he founded in March 2003.
He is also the portfolio manager of various funds managed by Red Oak Partners.
Previously, Mr. Sandberg co-managed JH Whitney & Co’s Green River
Fund, where he was employed from 1998 to 2002. Mr. Sandberg serves as the Chairman
of the Board of Asure Software, Inc. and Cord Blood America, Inc., both of which
are public companies. He also served as a Director of Issuer Direct Corporation,
a public company, and WTI Holdings, LLC, a private company. Previously Mr. Sandberg
served as a director of public companies EDCI, Inc., RF Industries, Ltd. and
Planar Systems, Inc. Mr. Sandberg has experience serving as a member of and
as Chairman of each of Audit, Compensation, Nominating & Governance, and
Strategic committees for public companies. He received a BA in Economics and
a BS in Industrial Management from Carnegie Mellon University in 1994. Red Oak
Partners, LLC is the largest stockholder of the Company. The Board believes
that his experience serving as director on other public companies, as well has
his experience in finance and public company capital market transactions, make
him well qualified to serve as a director.
Frederick Wasserman joined the Board of Directors in August 2013. Mr. Wasserman
is a seasoned executive who has 40 years of business experience helping to create
shareholder value with a number of companies. Mr. Wasserman has been the President,
Chief Operating Officer and Chief Financial Officer for a number of companies,
including Mitchell & Ness Nostalgia Company where he was CFO and COO. He
also served as President and CFO of Goebel of North America. Mr. Wasserman is
currently, and has been since 2008, the President of FGW Partners LLC as well
as the Chief Compliance Officer of Wynnefield Capital Inc., a stockholder of
SMTC. He served on the Board of Directors for National Holdings Corporation
from October 2013 to September 2016. He currently serves on the Board of Directors
of Tapimmune Inc., a position held since January 2016, MAM Software Group, Inc.
and DLH Holdings Corp. each of which is a publicly traded company. The Board
believes that Mr. Wasserman’s experience serving as a director on publicly
traded companies and significant management experience make him well qualified
to serve as a director.
J. Randall Waterfield joined the Board of Directors in April 2012. Mr. Waterfield
is the Chairman of Waterfield Group, a diversified financial services holding
company that traces its origins to 1928. After selling the largest private mortgage
company in the US and largest Indiana-based bank in 2006 and 2007, respectively,
Waterfield Group has diversified into technology, real estate, asset management
and merchant banking. Mr. Waterfield holds the Chartered Financial Analyst designation,
and is the 2017-18 Chairman of the Board of Directors of YPO, a member of Mensa,
and a graduate of Harvard University. Mr. Waterfield currently also serves on
the Board of Directors of Waterfield Group and its affiliates, Environmental
Risk Transfer and Asure Software Inc. Previously, Mr. Waterfield was an equity
research analyst at Goldman Sachs & Co. from 1996 through 1999, primarily
responsible for small capitalization growth portfolios. The Board believes that
Mr. Waterfield’s experience in finance and M&A make him well qualified
to serve as a director.
Edward Smith joined the Company and Board of Directors in February 2017. He
currently serves as the Company’s President and Chief Executive Officer,
a position he has held since May 2017. From February 2017 to May 2017, Mr. Smith
served as Interim President and Chief Executive Officer of the Company. Mr.
Smith has extensive experience in the electronic manufacturing services (EMS)
industry and the electronic components distribution industry. He most recently
served as Senior Vice President, Global Embedded Solutions at Avnet, Inc. during
2016 and as President, Avnet Electronics Marketing Americas from February 2009
to March 2016. Mr. Smith has also served in various other positions at Avnet,
Inc. beginning in 1994. From 2002 to 2004, Mr. Smith served as President and
Chief Executive Officer of SMTEK International, Inc., a tier II manufacturer
in the EMS industry. Mr. Smith served as a member of the Electronic Components
Industry Association from 2009 to 2017. The Board believes that Mr. Smith’s
extensive experience in the EMS industry and as an executive officer of various
other companies, make him well qualified to serve as a director.
Rich Fitzgerald joined the Company in June 2017. He currently serves as the
Company’s Chief Operating Officer. Mr. Fitzgerald honorably served 12
years in the US Marine Corp where he reached the rank of captain. Prior to joining
the Company, Mr. Fitzgerald served as Global Vice President of Avnet Integrated
Solutions from January 2017 to May 2017 and as Vice President of Business Operations
of Avnet Electronics Embedded from July 2014 to January 2017. Prior to joining
Avnet, he served as Chief Operating Officer of Qual-Pro Corporation from January
2010 to July 2014 and as Chief Executive Officer of Team Precision Public Company
Limited from July 2008 to December 2009, as well as Global Vice President of
Operations for CTS Corporation.
Roger Dunfield joined the Company in February 2016. He currently serves as
the Company’s Chief Financial Officer. Mr. Dunfield is an experienced
finance executive with over 20 years of experience in public accounting and
the manufacturing industry. He joins SMTC from Sanmina Corporation where he
held the position of Vice President, Finance and Controller in the CPS Division
from 2010 until he joined the Company in February 2016. Prior to joining Sanmina,
he held a number of finance positions of increasing responsibility for Merix
Corporation. Mr. Dunfield brings diverse experience in financial and management
reporting, business integration, systems implementation, financial planning
and analysis and business partnering. Mr. Dunfield started his career in public
accounting with .
Smtc Corporation currently has 1171 employees.
