Work Experience
2001 – 2016
Controller, VP/CFO, Secretary, Executive VP, Minority Owner, Board Member
HCC Inc.
HCC Inc. produces harvesting components for the Ag Equipment Market with subsidiaries in Mendota, IL, Sabetha, KS, and Graettinger, IA. They also have a joint venture in Curitiba, Brazil. HCC Inc. had consolidated revenues of $60MM in 2014.
- Responsibilities: IT and financial functions of the company which included banking relationships, audit and tax return management, financial analysis, cash management, budgeting, and corporate secretary functions.
- Accomplishments: Implemented self-insurance for health care and workers comp, justified upgrading the network equipment and software twice, as well as two upgrades to the business application software.
- ESOP Plan Administrator: Coordinated the activities of the ESOP with the TPA, the outside trustee, the financial valuation consultant and the annual audit. I was also a member of the Plan Administrative Committee and the ESOP Committee. I managed a leveraged ESOP transaction as well as two minority owner treasury stock transactions that resulted in HCC becoming a 100% ESOP. In 2013 the company elected to be recognized as a Sub Chapter S tax payer.
1996-2001
Controller
ELECSYS INCORPORATED
ElecSys Incorporated produces electronic interconnection systems for the aerospace industry, now located in Pekin, IL and is part of the DCX-CHOL family of companies. During my employment it had revenues of $40MM.
- Responsibilities: All of the accounting functions and worked closely with the IT department on the maintenance of the delayed FIFO costing system that the company had developed for Department of Defense contract costing. I supervised three accounting clerks.
- It was during my employment here that I became a board member of Yeoman’s Distributing, an ESOP company.
1984 – 1995
Accounting Manager, Controller, Brazil Subsidiary General Manager
MARTIN ENGINEERING COMPANY
Martin Engineering produces material handling aids for the bulk material industry. At the time of my employment they had the plant in Neponset, IL. During the late Eighties and early Nineties they created subsidiaries in Chihuahua Mexico, Wiesbaden Germany, and Campinas Brazil and had sales of $35MM. They were also an ESOP company where the employees owned approximately 35% of the company.
- Responsibilities: Accounting and finance functions of the consolidated entity. The international accounting functions reported to me on a dotted line basis. I administered the ESOP, managed the implementation of the finance and costing functions of a new computer system, implemented a 401K, developed multiple labor rates and material and labor overhead rates, account and break even analysis and developed the annual consolidated budgets. I was also responsible for the audit and banking relationships.
- During my last year with Martin Engineering I worked as the General Manger for the subsidiary in Brazil, organizing it with a production manager, accounting manager, and procuring an IT system. While at Martin I managed 3 professional staff members and five clerical positions.
1982 – 1984
Accounting Manager
COMBINED COMMUNICATION SERVICES
CCS was a printing and graphics company that produced several trade journals and graphic arts materials with plants in Mendota, IL, Oregon, IL, and Tampa, FL. It was a $48MM company during the time I worked there.
- Responsibilities: Aided in the creation of a new general ledger system and implemented a costing system. I performed account analysis, aided with the monthly and annual closes, and also with the annual audits. I also supervised two accounting clerks.
1982 – 1984
Board Member
YEOMAN’S DISTRIBUTING COMPANY
Yeoman’s is a HVAC distribution company with approximately $25MM in sales. It is a 100% owned Sub-S ESOP Company.
1979-1982
Plant Accountant
HARPER WYMAN COMPANY
Harper Wyman produced gas and electric components for gas and electric stoves with plants in Princeton, IL and Sterling, IL. During my time there it was a $60MM company.
- Responsibilities: Providing account and financial analysis to the Plant Manager, developing the annual budget for the plants, developing the annual standard labor and product class burden rates, assisting in the monthly and annual closings, and supervising three data entry clerks.
1977 – 1979
Cost Analyst
MYERS INDUSTRIES INCORPORATED
Myers Industries produced wooden and steel store fixtures with plants in Lincoln, IL, Jacksonville, IL, and Cincinnati, OH. It was a $30MM company.
- Responsibilities: Costing and analyzing production work orders, purchase variance and producing product line statements. I assisted with the monthly closings and the annual inventory.
Education
1979
Bachelor of Arts, Accounting
UNIVERSITY OF ILLINOIS – SPRINGFIELD, IL
1974
