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India

Unico American Corp (UNAM.OQ)

UNAM.OQ on NASDAQ Stock Exchange Global Market

9.60USD
22 Nov 2017
Change (% chg)

$0.25 (+2.67%)
Prev Close
$9.35
Open
$9.25
Day's High
$9.60
Day's Low
$9.25
Volume
1,047
Avg. Vol
923
52-wk High
$11.05
52-wk Low
$8.90

Summary

Name Age Since Current Position

Cary Cheldin

58 2009 Chairman of the Board, President, Chief Executive Officer

Michael Budnitsky

41 2016 Chief Financial Officer, Treasurer, Secretary

Erwin Cheldin

83 2009 Director

George Gilpatrick

70 2008 Director

Terry Kinigstein

69 2014 Director

Samuel Sorich

69 2012 Independent Director

Donald Urfrig

73 2001 Independent Director

Biographies

Name Description

Cary Cheldin

Mr. Cary L. Cheldin is Chairman of the Board, President, Chief Executive Officer of Unico American Corp. From 1991 to 2009 he was Executive Vice President of the Company and prior thereto he served as Vice President from 1986 to 1991 and as Secretary from 1987 to 1991. Mr. Cary Cheldin has been a director of the Company since 1983 and has held management positions in the Company since 1986. The Company believes that Mr. Cary Cheldin’s knowledge of and expertise in the insurance industry and his historical experience and understanding of the Company’s underwriting, claims management and rate-making processes qualify him for service on the Board of Directors.

Michael Budnitsky

Mr. Michael Budnitsky is Chief Financial Officer, Treasurer, Secretary of the Company. Mr. Budnitsky most recently served as Vice President of Accounting of the Company where he was responsible for various accounting and finance functions, including financial and tax reporting, Sarbanes Oxley compliance, and oversight of the accounting department. He joined the Company in September 2014. Previously, Mr. Budnitsky worked at HCC Surety Group from May 2005 to September 2014 where he most recently served as Vice President, Controller. Prior to HCC Surety Group, Mr. Budnitsky worked as a financial reporting manager at the Automobile Club of Southern California and as an audit manager at KPMG LLP. Mr. Budnitsky received Masters in Business Administration from University of Southern California and Bachelors of Science in Accounting and Management Information Systems from California State University, Northridge. Mr. Budnitsky is an active Certified Public Accountant in California.

Erwin Cheldin

Mr. Erwin Cheldin is Director of Unico American Corporation. He is the Company’s former President, Chief Executive Officer and Chairman of the Board. Mr. Erwin Cheldin retired from being an employee of the Company effective April 1, 2009. Mr. Erwin Cheldin became an officer and director of the Company in 1969. Mr. Erwin Cheldin has over 50 years of experience in all phases of the property and casualty insurance industry. The Company believes that Mr. Erwin Cheldin’s historical knowledge of the Company and its operations and long standing service to the Company qualify him for service on the Board of Directors.

George Gilpatrick

Mr. George C. Gilpatrick is Director of Unico American Corporation. He is the Company’s former Vice President of Management Information Systems. Mr. Gilpatrick served the Company as Vice President from 1981 until his retirement in April 2008 and as a director since 1985. The Company believes that Mr. Gilpatrick’s knowledge and expertise in the data processing field and his past experience directing the Company’s information systems as well as his experience as a director of the Company, qualify him for service on the Board of Directors.

Terry Kinigstein

Mr. Terry L. Kinigstein is Director of Unico American Corp. effective September 29, 2014. He has served as the Company’s General Counsel since 2002. Mr. Kinigstein’s employment with the Company ended effective September 26, 2014. Mr. Kinigstein served as the Company’s General Counsel from 2002 to 2014. From 2008 to 2014 he served as the Company’s Vice President, Secretary and Director. Mr. Kinigstein has been an active attorney since 1972. During the 26 years prior to joining Unico American Corporation as General Counsel, Mr. Kinigstein was a partner in several law firms, including the law firm of Cooper, Epstein and Hurewitz for approximately 10 years. The Company believes that Mr. Kinigstein’s extensive legal experience, as well as experience as a law firm partner and with the Company, qualifies him for service on the Board of Directors.

Samuel Sorich

Mr. Samuel J. Sorich is an Independent Director of Unico American Corporation. He is a respected representative of the California insurance industry for more than 25 years. Mr. Sorich has been a consultant to the insurance industry regarding, among other things, regulatory and legislative matters since 2011. From 2002 to 2010 he served as president of the Association of California Insurance Companies (ACIC), California’s longest established property/casualty insurance trade association. From 1985 to 2002, prior to joining the ACIC, he served as regional vice president of the National Association of Independent Insurers (NAII), a predecessor association of the Property Casualty Insurers Association of America (PCI). The Company believes that Mr. Sorich’s experience as an attorney and his experience in the insurance industry qualify him for service on the Board of Directors.

Donald Urfrig

Mr. Donald B. Urfrig is Independent Director of Unico American Corporation. He has been a consulting engineer in the areas of project management and integrated product development since 1996. In addition, he is also a private investor and owner of commercial and agricultural businesses for the past 37 years. From 1963 to 1996 he worked in the aerospace industry in both technical and management positions. The Company believes that the diversified work experience of Mr. Urfrig as business owner, investor and executive manager qualify him for service on the Board of Directors.

Basic Compensation

Name Fiscal Year Total

Cary Cheldin

389,429

Michael Budnitsky

--

Erwin Cheldin

408,268

George Gilpatrick

274,000

Terry Kinigstein

222,045

Samuel Sorich

--

Donald Urfrig

--
As Of  31 Dec 2014

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