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India

Hurco Companies Inc (HURC.OQ)

HURC.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Michael Doar

62 2013 Chairman of the Board, Chief Executive Officer

Gregory Volovic

51 2013 President

Sonja McClelland

44 2014 Chief Financial Officer, Vice President, Treasurer, Secretary, IR Contact Officer

Thomas Aaro

58 2015 Independent Director

Robert Cruickshank

70 2012 Presiding Independent Director

Jay Longbottom

62 2015 Independent Director

Andrew Niner

38 2012 Independent Director

Richard Porter

60 2012 Independent Director

Janaki Sivanesan

44 2008 Independent Director

Ronald Strackbein

74 2012 Independent Director

Biographies

Name Description

Michael Doar

Mr. Michael Doar is Chairman of the Board, Chief Executive Officer of Hurco Companies Inc. He has been a member of the Board of Directors since 2000. Mr. Doar was elected Chairman of the Board of Directors and our Chief Executive Officer in fiscal 2001. He also served as our President from November 2009 to March 2013. Prior to joining Hurco, Mr. Doar served as Vice President of Sales and Marketing of Ingersoll Contract Manufacturing Company, a subsidiary of Ingersoll International, an international engineering and machine tool systems business, having previously held various management positions with Ingersoll International from 1989. Mr. Doar also serves as a director of Twin Disc, Incorporated, a manufacturer of marine and heavy duty off-highway power transmission equipment.

Gregory Volovic

Mr. Gregory S. Volovic has been appointed as President of Hurco Companies Inc., effective March 14, 2013. Mr. Volovic previously held the position of Executive Vice President, Software and Engineering until October 2009.. He has been employed by the company since March 2005. Prior to joining us, Mr. Volovic held various positions with Thomson, Inc. including Director of E-Business, Engineering, and Information Technology. Prior to that, Mr. Volovic was employed by Unisys Corporation.

Sonja McClelland

Ms. Sonja K. McClelland is Chief Financial Officer, Vice President, Treasurer, Secretary of Hurco Companies, Inc. Ms. McClelland served as Corporate Accounting Manager from September 1996 to 1999, as Division Controller for Hurco USA from September 1999 to November 2004, and as our Corporate Controller and Assistant Secretary from November 2004 to March 2014. Prior to joining us, Ms. McClelland was employed for three years by an international public accounting firm.

Thomas Aaro

Mr. Thomas A. Aaro is Independent Director of the company since March 2015. Mr. Aaro was the founder and has been the Managing Partner since 2002 of BlueBlack LLC, an independent integrated/shopper marketing agency that provides strategic and promotional consulting, training and implementation to consumer packaged goods (CPG) companies, marketing agencies, marketing services and digital marketing companies. Previously, he served as the Partner/Chief Executive Officer of Marketing Drive-MGR, an integrated promotional marketing agency and as Chief Marketing Officer/Consultant for a number of technology-oriented companies, including Supermarkets Online, a division of Catalina, a CPG internet savings site, and Wavetel, a startup wireless Internet Service Provider in North Carolina

Robert Cruickshank

Mr. Robert W. Cruickshank is Presiding Independent Director of Hurco Companies Inc., since June 2012. Mr. Cruickshank has been a consultant since 1981. Mr. Cruickshank was a director of Calgon Carbon Corporation, a producer of products and services for the purification, reparation and concentration of liquids and gases, until March 2013. Mr. Cruickshank brings to our Board of Directors expertise in finance and investments. Mr. Cruickshank also has experience serving as an independent director of several public companies.

Jay Longbottom

Mr. Jay C. Longbottom is Independent Director of the company since March 2015. Mr. Longbottom has been the Chief Executive Officer of Robert Family Holdings, a privately held company that manages a portfolio of specialty manufacturers, since 2013, and has been a member of its Board of Directors since 2008 and the Chair of its Audit Committee since 2009. Prior to Robert Family Holdings, Mr. Longbottom served as the Chief Executive Officer (CEO) of Trostel, LLC, a rubber products company, for a period of one year. Additionally, from 2002 to 2012, Mr. Longbottom was an executive of Haldex AB, a Swedish publicly traded company that provides proprietary and innovative solutions to improve safety, vehicle dynamics and environmental sustainability in the global commercial vehicle industry. Mr. Longbottom served as the CEO and President of Haldex AB from 2011 to 2012. Prior to 2011, he was the Executive Vice President and Head of the Commercial Vehicle Systems Division and the President of the Hydraulics Division of Haldex Group.

Andrew Niner

Mr. Andrew Niner is Independent Director of Hurco Companies, Inc., since March 2012. Mr. Niner is President of Niner Wine Estates in Paso Robles, California. Prior to Niner Wine Estates, Mr. Niner was a partner at Pacific Legacy Capital, a California based private equity group focused on investing in lower middle market companies. Additionally, Mr. Niner was a restructuring advisor at a global distribution company and a strategy manager at Levi Strauss & Company. Mr. Niner earned his Masters of Business Administration from the University of California at Berkeley and is a CFA Charterholder.

Richard Porter

Mr. Richard Porter is Independent Director of Hurco Companies, Inc., since March 2012. Mr. Porter has managed a private equity portfolio of manufacturing companies since 2007. Previously, he was President of CB Manufacturing, a cutting tool company, and President of Ingersoll Contract Manufacturing Company, a subsidiary of Ingersoll International.

Janaki Sivanesan

Ms. Janaki Sivanesan is Independent Director of Hurco Companies, Inc., since 2008. Ms. Sivanesan is a practicing attorney and founding principal of a private equity firm focused on middle market investments. She previously served as a partner at a large, New York law firm. She was admitted to the bars of the States of New York and Georgia in 2007 and 1996, respectively. Ms. Sivanesan has experience in a wide range of corporate transactions, from mergers and acquisitions to corporate finance, including private debt, equity investments and venture capital transactions. Ms. Sivanesan also has experience in cross-border transactions related to manufacturing and outsourcing, and is particularly knowledgeable with respect to business operations in India.

Ronald Strackbein

Mr. Ronald Strackbein is Independent Director of Hurco Companies, Inc., since March 2012. Mr. Strackbein has been a self-employed private investor for more than twenty years.

Basic Compensation