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India

Insignia Systems Inc (ISIG.OQ)

ISIG.OQ on NASDAQ Stock Exchange Capital Market

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21 Nov 2017
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Summary

Name Age Since Current Position

Kristine Glancy

38 2016 Chief Executive Officer

Jeffrey Jagerson

50 2017 Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Chief Accounting Officer, Treasurer

David Boehnen

68 2015 Independent Director

Gary Vars

2013 Independent Director

Steven Zenz

63 2013 Independent Director

Biographies

Name Description

Kristine Glancy

Ms. Kristine Glancy is Chief Executive Officer of Insignia Systems, Inc., effective May 9, 2016. Ms. Glancy joins the Company from Kraft Foods, now Kraft Heinz Company, an international food and beverage company, where she has held the position of Customer Vice President since May 2013. Prior to becoming Customer Vice President, Ms. Glancy was Director of Sales from June 2012 to May 2013 and National Customer Manager from November 2010 to June 2012.

Jeffrey Jagerson

Mr. Jeffrey Jagerson serves Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Chief Accounting Officer, Treasurer of the company effective July 17, 2017. He has 29 years of accounting and finance experience. During that time, his roles have included Vice President of Finance and Corporate Controller at Digital River, and Chief Financial Officer at Christiansen Farms. Mr. Jagerson graduated with a B.S. in Accounting from Minnesota State University, Mankato and an MBA from the Carlson School of Business at the University of Minnesota.

David Boehnen

Mr. David L. Boehnen is an Independent Director of the Company. He was Chairman of the Board of Insignia Systems, Inc., effective August 19, 2013. He is the Chair of the Nominating and Corporate Governance Committee and is a member of the Audit Committee. Mr. Boehnen is Of Counsel at the law firm of Dorsey & Whitney LLP, where he was a partner prior to joining SUPERVALU, Inc. in 1991. From 1997 through 2010, Mr. Boehnen served as Executive Vice President of SUPERVALU and was responsible for real estate and store development, corporate development, legal and government affairs. Mr. Boehnen retired from SUPERVALU in December 2010 and served as Senior Counselor to the CEO for one year thereafter. Mr. Boehnen holds an Artium Baccalaureatus degree in Government from the University of Notre Dame and a Juris Doctor degree with honors from Cornell University Law School.

Gary Vars

Mr. Gary L. Vars is an Independent Director of the Company. He has been a member of the Board since August 2013. He is also a member of the Nominating and Corporate Governance Committee. Mr. Vars had previously been on the Company’s Board of Directors from 1999 to 2007 and was Chairman of the Board of Directors from March 2001 to March 2004. Mr. Vars retired as an employee and executive officer of the Company in January 2006. From December 2002 to January 2006, he held the position of President of the POPS Division. From September 1998 to December 2002, he held the position of Executive Vice President and General Manager of the POPS Division. Prior to joining the Company in 1998, Mr. Vars spent 22 years as a marketing and business development consultant to Fortune 500 companies. From 1966 to 1976, Mr. Vars held various management positions at The Pillsbury Co., including Director of Marketing and New Product Development, Grocery Products Division. Mr. Vars’ experience brings to the Company deep expertise in our industry as well as an understanding of sales and marketing.

Steven Zenz

Mr. Steven R. Zenz is an Independent Director of Insignia Systems, Inc. He has been a member of the Board since October 2013. He is also Chair of the Audit Committee. He is also a Director of NuAx, Inc. and Closys Corporation, early stage privately-held technology companies, as well as Metro Sales, Inc., a privately-held office equipment distributor. Mr. Zenz is a former partner of the audit and advisory firm KPMG, where served in various capacities in his 33 years with the firm, including partner in charge of the audit group and partner in charge of the firm’s SEC and technical accounting practices in KPMG’s Minneapolis, Minnesota and Des Moines, Iowa, offices as well as lead audit partner for many publicly-held company clients. Since 2011, Mr. Zenz has acted as a consultant on several merger and acquisition transactions providing advice on valuations, SEC filings, technical accounting and integration. He holds a Bachelor of Science degree in Accounting and a Masters of Business Taxation degree from the University of Minnesota. Mr. Zenz’s deep financial expertise and SEC experience benefit the Company.

Basic Compensation

Name Fiscal Year Total

Kristine Glancy

--

Jeffrey Jagerson

--

David Boehnen

--

Gary Vars

261,524

Steven Zenz

--
As Of  31 Dec 2005

Options Compensation

Name Options Value

Kristine Glancy

0 0

Jeffrey Jagerson

0 0

David Boehnen

0 0

Gary Vars

460,000 163,200

Steven Zenz

0 0