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LSI Industries Inc (LYTS.OQ)

LYTS.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Wilfred O'Gara

61 2018 Chairman of the Board

James Clark

54 2019 President, Chief Executive Officer, Chief Operating Officer, Director

James Galeese

61 2017 Chief Financial Officer, Executive Vice President, IR Contact Officer

Sylvia Astrop

2018 Senior Vice President - Global Sourcing

John Bagwell

2018 Senior Vice President - Product Development & Management

Michael Beck

2019 Senior Vice President - Operations

Sam Sarsalari

2019 Vice President – Manufacturing

Amy Hanson

2019 Director

Robert Beech

65 2013 Independent Director

John Morgan

64 2016 Independent Director

Biographies

Name Description

Wilfred O'Gara

Mr. Wilfred T. O'Gara is an Chairman of the Board of LSI Industries Inc.. Mr. Morgan has been a Director since January 1999 and was appointed Chairman in August 2018. Mr. O’Gara is the Managing Director of Buffalo Fork Holdings, LLC, an investment company. He previously served as Chief Executive Officer of Isoclima SpA from July 2017 to August 2018. Isoclima SpA produces transparent armor and other specialized glass and polycarbonate products for military and civilian armored vehicles. Prior to joining Isoclima, Mr. O'Gara served as Vice Chairman of The O’Gara Group, a security and defense related firm, from 2016 until July 2017 and he was the President and Chief Executive Officer from 2003 to 2017. Mr. O’Gara has been identified as an “audit committee financial expert” under SEC guidelines given his understanding of accounting and financial reporting, disclosures and controls. The Board believes that Mr. O’Gara’s independence from management, experience as a successful principal executive and his designation as an audit committee financial expert make his service integral to the Board. He serves as Chairman of the Audit Committee and as a member of the Compensation Committee and the Nominating and Corporate Governance Committee.

James Clark

Mr. James A. Clark serves as President, Chief Executive Officer, Chief Operating Officer, Director of the company. He served from 2014 to 2018 as the CEO and President of Alliance Tire Group, a manufacturer and distributor of specialty tires for use in agriculture, construction and other specialty markets. From 2010 to 2013, Mr. Clark served as the Corporate Vice President, Strategy and Business Development of Rexel Holdings, a manufacturer, distributor and supplier of electrical, data, security, fire, lighting products and energy services and solutions. From 2006 to 2010 Verint Systems, an enterprise solutions software / hardware company, employed Mr. Clark as Senior Vice President and General Manager. Prior to 2006, Mr. Clark held management positions with various degrees of responsibility with United Technologies Corporation, General Electric Corporation and North American Video Corporation.

James Galeese

Mr. James E. Galeese is Chief Financial Officer, Executive Vice President of the Company. Mr. Galeese joined the Company as its Executive Vice President and Chief Financial Officer in June 2017. Mr. Galeese, from 2014 to June 2017, served as Vice President, Chief Financial Officer, and as a Director of privately held Universal Trailer Holding Corporation (manufacturer of trailers for the hauling requirements of businesses and individuals). He was with Philips Electronics NV from 1998 to 2014 as Senior Vice President and Chief Financial Officer for its North American Lighting business and its Electronics business. Prior to that Mr. Galeese served in the financial Controllership organization of Square D Company / Schneider Electric. He graduated from Miami University with a degree in Business Administration and obtained an MBA from Xavier University.

Sylvia Astrop

Ms. Sylvia M. Astrop is Senior Vice President - Global Sourcing of the Company. Sylvia joined LSI in 2007. Prior to joining LSI, Sylvia held various management and executive positions with Wornick Foods, AT&T and NCR, where she earned her Six Sigma Black Belt. " Sylvia has been successful in effectively managing LSI's material costs despite market and trade pressures.

John Bagwell

Mr. John A. Bagwell is Senior Vice President - Product Development & Management of the Company. John joined LSI in 2015 as President of the Technology Segment before becoming President of Atlas Lighting Products. Prior to joining LSI, John served in sales, marketing and executive level roles in various lighting controls and lighting manufacturing companies, including Acuity Brands, Synergy Lighting Controls and Automated Logic Corporation.

Michael Beck

Mr. Michael C. Beck will be appointing as a Senior Vice President - Operations of the company, Effective February 11, 2019. Mr. Beck most recently, from 2017 to the present, has served as Vice President, North Region of Simpler Consulting (an IBM company) which he joined in 2014. He has led and managed numerous engagements for industrial clients requiring expertise in Strategy Deployment, Daily Management, Problem Solving and Organizational Transformation. He began his career as an automotive design engineer, transitioned to a Continuous Improvement specialist under W. Edwards Deming at GM Powertrain Division and subsequently led the division in manufacturing, supply chain and engineering applications of the Deming management method. He then joined Toyota Motor Manufacturing with responsibility for strategic quality, learned Lean from its inventors and applied the Toyota Production System both internally and with Toyota suppliers. He then held executive positions in Manufacturing, Lean and Operational Excellence at United Technologies, Terex and Caesars Entertainment and also consulted in a variety of industries. Mr. Beck's scope of responsibility will include Manufacturing, Global Sourcing, Materials, Continuous Improvement, Safety and Quality. Mr. Beck holds a B.S. in Mechanical Engineering from Michigan State University, a Master of Management degree from the Kellogg School at Northwestern University, and an M.S. in Applied Statistics from Oakland University.

Sam Sarsalari

Mr. Sam Sarsalari is Vice President – Manufacturing of the company. Sam Sarsalari, currently plant manager of LSI's New Windsor, New York facility, has been promoted to Vice President – Manufacturing, effective immediately. Mr. Sarsalari held increasingly significant operations leadership roles with Modine Manufacturing, ASL Holdings, and Pregis prior to joining LSI in October 2016. His core competencies include quality systems (ISO / TS), CI (Lean / TPS), Six Sigma, supply chain management and project management. Mr. Sarsalari has handled significant operations and distribution assignments across North America. He succeeds Tom Palmer who will retire from LSI on March 31, 2019. Mr. Sarsalari holds a B.S. degree in Electronics Computer Engineering and an M.S. in Industrial Engineering from the University of Rhode Island.

Amy Hanson

Ms. Amy L. Hanson is Director of the company. Hanson served as Executive Vice President and Corporate Officer with Macy's, Inc. from 2008 until her retirement in April 2016. During that period in her career, she had responsibility for Macy's consumer credit and services division, omni-channel support, non-merchandise procurement, general financial services, real estate strategy and property development. She enjoyed an accomplished career with Macy's starting in 1983 and held various positions of increasing responsibility, including her 2002 appointment to President of MCCS Group, Macy's consumer credit and services division, and her 2006 promotion to Vice Chair and director of stores for Macy's North. Ms. Hanson led Macy's transition teams through several major organizational and operational integrations during Macy's acquisitions and structure transformations during her career. Ms. Hanson is a certified public accountant and has been appointed Chair of LSI's Audit Committee. Ms. Hanson is CEO of Amy Hanson Advisory Services, providing consulting services on general retail strategy, consumer insight and services, real estate, technology and private label credit strategies. She also serves on the boards of Messer, Inc. and Switch, Inc. Ms. Hanson is actively involved in numerous Cincinnati community service organizations, including the Cincinnati Art Museum Board of Trustees.

Robert Beech

Mr. Robert P. Beech is a Independent Director of LSI Industries Inc. Mr. Beech has been a Director since July 2013. Mr. Beech is currently the Executive Chairman of Eccrine Systems, Inc., a privately held, Cincinnati-based biotechnology company that he co-founded in 2013. Mr. Beech has been engaged as Entrepreneur-in-Residence for biosciences at CincyTechUSA since 2013. From 2004 through 2012 he was a senior executive at Intrexon Corporation, when it was a privately held biotechnology company based in Maryland. Prior to 2003, he was Chief Executive Officer of Digineer, Inc., an international healthcare IT software and services company he founded in 1986 and led until 2002. The Board believes that Mr. Beech’s substantial experience leading high-technology ventures as a CEO or senior corporate executive qualify him to serve on the Board. He serves as Chairman of the Nominating and Corporate Governance and as a member of the Audit Committee and the Compensation Committee.

John Morgan

Mr. John K. Morgan is Independent Director of the company, He has been a Director of the Company since April 2016. Mr. Morgan was the Chairman, President and Chief Executive Officer of Zep Inc. (NYSE), a specialty chemicals company, from October 2007 until his retirement in June 2015. From July 2007 to October 2007, he served as Executive Vice President of Acuity Brands and President and Chief Executive Officer of Acuity Specialty Products, just prior to its spin-off from Acuity Brands, Inc. From 2005 to July 2007, he served as President and Chief Executive Officer of Acuity Brands Lighting. He also served Acuity Brands as President and Chief Development Officer from 2004 to 2005, as Senior Executive Vice President and Chief Operating Officer from 2002 to 2004, and as Executive Vice President from 2001 to 2002. Mr. Morgan has served as a director of Wesco International, Inc. (NYSE), a provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, since 2008 and is currently the chairman of Wesco's Compensation Committee. The Board believes that Mr. Morgan’s insight and experience with corporate governance, executive compensation, business and operating management issues, gained through experience at various levels of corporate management and on boards, and his status as an independent director, qualify him to serve on the Board, as well as the Chairman of the Compensation Committee.

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