Board of Directors
Chief Executive Officer and Executive Chairman Dave Pointer has served on the Board of Directors starting in 2018. Mr. Pointer has served as the Managing Partner of V.I. Capital Management, LLC, a registered investment advisory firm that he founded, since 2008. Prior to that, Mr. Pointer was a Senior Portfolio Manager and Senior Vice President at ICM Asset Management, an employee owned investment manager, from 2003 to 2007, as well as Portfolio Manager at AIM/INVESCO Investments, an investment management firm, from 1999 to 2003. Dave has served on the Board of Directors of CompuMed, Inc., an enterprise telemedicine solutions company, since 2013 and as Chairman since 2014, and as Co-Chief Executive Officer from 2015 to 2016. He also has served on the Board of Directors of Solitron Devices, Inc., a manufacturer of solid-state semiconductor components, since 2015 and as Chairman since 2016. Previously, Mr. Pointer served on the Board of Directors of ALCO Stores, Inc., a retailer, from 2014 to 2015. Mr. Pointer has taught Corporate Finance as an adjunct faculty in Whitworth University’s MBA program as well as Gonzaga University’s MBA program and is an expert in financial analysis and financial markets. Mr. Pointer holds a Bachelor of Science in Business Administration from Central Washington University and a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania. Mr. Pointer is a member of the CFA Institute and a Chartered Financial Analyst.
Barry A. Igdaloff
Lead Director Barry A. Igdaloff has served on the Board of Directors since 2009. He has served as the sole proprietor of Rose Capital, a registered investment advisor in Columbus, Ohio, since 1995. Mr. Igdaloff has been a director of Dynex Capital, Inc. since 2000, is chairman of its compensation committee and is a member of its audit committee and nominating and corporate governance committee. Previously, Mr. Igdaloff was a director of Guest Supply, Inc. prior to its acquisition by Sysco Foods in 2001. Prior to entering the investment business, Mr. Igdaloff was an employee of Ernst & Whinney’s international tax department. Mr. Igdaloff is a non-practicing CPA and a non-practicing attorney.
Howard M. Amster
Director Howard M. Amster has served on the Board of Directors since 2009. He is an owner and operator of multiple real estate investments. Since March 1998, Mr. Amster has served as President of Pleasant Lake Apts. Corp., the corporate general partner of Pleasant Lake Apts. Limited Partnership. Mr. Amster also serves as a director of Maple Leaf Financial, Inc., the holding company for Geauga Savings Bank, and newAX, Inc. (formerly Astrex, Inc.) and since 2000, has served as a Principal with Ramat Securities Ltd., a securities brokerage firm. From 1992 to 2000, Mr. Amster was an investment consultant with First Union Securities (formerly EVEREN Securities and formerly Kemper Securities).
Director Howard Timothy (Tim) Eriksen has served on the Board of Directors since 2018. Tim has been the Chief Executive Officer and Interim Chief Financial Officer of Solitron Devices, Inc. (“Solitron”), a manufacturer of solid-state semiconductor components, since 2016. Mr. Eriksen also serves as the Managing Member of Eriksen Capital Management LLC (“ECM”), a Lynden, Washington based investment advisory firm that he founded in 2005. Previously, Mr. Eriksen worked for Walker’s Manual, Inc., a publisher of books and newsletters on micro-cap stocks, unlisted stocks and community banks, from 2004 to 2005, and prior to that for Kiewit Pacific Co, a subsidiary of Peter Kiewit Sons, a construction and mining services company, as an administrative engineer on the Benicia Martinez Bridge project. Mr. Eriksen has been a member of the board of directors of Solitron since 2015 (served on Audit Committee from October 2015 to July 2016). Mr. Eriksen received a Bachelor of Arts from The Master’s University and a Master of Business Administration from Texas A&M University.
Director Lee D. Keddie has served on the Board of Directors since 2018. Lee has been President and Chief Executive Officer of CompuMed Inc. (OTC:CMPD) (“CompuMed”), an enterprise telemedicine solutions company, since 2015. In addition, he has been President and Chief Executive Officer of Value Creation Management Group LLC, a company that invests in and provides consulting to companies that need operational improvement, since 2014. Previously, Mr. Keddie spent 13 years with HKX, Inc., a developer of control systems for excavators, as a Co-Owner, President & General Manager, from 1999 to 2013. Prior to his business leadership roles, Mr. Keddie spent over eight years in both the commercial and military sectors of the aircraft industry. He has been a member of the board of directors of CompuMed Inc. since 2014 and of Stephan Co. (OTC:SPCO), a manufacturer of hair care products, since 2015. Mr. Keddie was a board member of Essex Rental Corp. (NASDAQ:ESSX), a company that rents and distributes construction lifting equipment, from 2015 to 2017 (served on Audit, Compensation and Nomination and Governance Committees). Mr. Keddie is a professional engineer, and received an Honors Co-op Mechanical Engineering Degree from the University of Waterloo, and spent two additional years at the University of Toronto in Aerospace Studies.
Contacting the Board of Directors
The Board of Directors believes it is important for security holders and interested parties to be provided with a means to communicate directly with the Board, an individual Director, or the chairman of standing Board of Directors Committees by writing to those individuals at the following address:
Novation Board of Directors Novation Companies, Inc. 9229 Ward Parkway, Suite 340 Kansas City, MO 64114
Communications that are intended specifically for the non-management directors should be sent to this address to the attention of the Chair of the Nominating and Corporate Governance Committee. The Company's general policy is to forward, and not to intentionally screen, any substantive mail received at the Company's corporate office that is sent directly to a director; however, (i) routine advertisements and business solicitations and (ii) communications deemed to be a security risk or principally for harassment purposes, may not be forwarded in the discretion of the Corporate Secretary, provided that in the latter case the Chairman of the Board and Lead Independent Director are notified thereof.
Contacting the Audit Committee of the Board of Directors
If you have any concerns or complaints about accounting, internal accounting controls or auditing matters you may contact the Audit Committee of the Board of Directors by any of the following means:
The Audit Committee of the Board of Directors Novation Companies, Inc. 500 Grand Boulevard, Suite 201B Kansas City, MO 64106