Brad M and Ray F

Discussion in 'Orthofix' started by Anonymous, Nov 11, 2014 at 3:49 AM.

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  1. Anonymous

    Anonymous Guest

    Now, you can't argue the success that Brad and Ray had at Breg. They built a $100 mill business from scratch and sold it to Ofix for $300 mill. Not bad for guys who have never done it on there own. Yes, Ofix is a different animal but these are 2 pretty accomplished guys.
     

  2. Anonymous

    Anonymous Guest

    Breg was a $60m business that Ofix overpaid for and then they never delivered the expected growth plans, that is why they sold the POS.
     
  3. Anonymous

    Anonymous Guest

    LOL. Well, I thought it got up to $100 mill? I figured the sale had more to do with paying down the purchase of Blackstone (now that was a horrible purchase not to mention totally mismanaged) as well as paying $40 mill in Gov't fines and who knows how much in legal fee's.
     
  4. anonymous

    anonymous Guest

     
  5. anonymous

    anonymous Guest

    So, I'm curious why no one has mentioned yet that Steve Medina and Jeff Schumm have left OFIX. Is this a secret? Any impact on the sales force?
     
  6. anonymous

    anonymous Guest

    How's Spine Fixation doing? http://ir.orthofix.com/sec.cfm?view=all

    C ERTAIN RELATIONSHIPS AND RELATED

    TRANSACTIONS

    Compensation Committee Interlocks and Insider Participation

    The Compensation Committee, comprised entirely of independent, non-management directors, is responsible for establishing and administering the Company’s policies involving the compensation of its executive officers. No employee of the Company serves on the Compensation Committee. The Committee members have no interlocking relationships as defined by the SEC.

    Procedures for Approval of Related Person Transactions

    The Company’s policies and procedures for the review, approval or ratification of related-party transactions are set forth in our Code of Conduct and Ethics. Our policy is that the Audit and Finance Committee will review and approve all related party transactions that meet the minimum threshold for disclosure under the relevant SEC rules (generally, transactions involving amounts exceeding $120,000 in which a related person has a direct or indirect material interest).

    Related Party Transactions

    Tyson Fujikawa, the son of Raymond Fujikawa, the President of Spine Fixation, has been employed by the Company since 2007 and is currently the Vice President of International Sales Spine Fixation. For 2015, Tyson Fujikawa’s total cash compensation was approximately $346,000 which includes base salary, bonus and sales commissions. In addition, during 2015, he participated in the Company’s general welfare plans, including a standard car allowance and was granted 3,000 restricted stock awards, which vest in four equal annual installments.
     
  7. anonymous

    anonymous Guest

    How's Spine Fixation doing? http://ir.orthofix.com/secfiling.cfm?filingID=1564590-16-17154&CIK=884624


    C ERTAIN RELATIONSHIPS AND RELATED

    TRANSACTIONS

    Compensation Committee Interlocks and Insider Participation

    The Compensation Committee, comprised entirely of independent, non-management directors, is responsible for establishing and administering the Company’s policies involving the compensation of its executive officers. No employee of the Company serves on the Compensation Committee. The Committee members have no interlocking relationships as defined by the SEC.

    Procedures for Approval of Related Person Transactions

    The Company’s policies and procedures for the review, approval or ratification of related-party transactions are set forth in our Code of Conduct and Ethics. Our policy is that the Audit and Finance Committee will review and approve all related party transactions that meet the minimum threshold for disclosure under the relevant SEC rules (generally, transactions involving amounts exceeding $120,000 in which a related person has a direct or indirect material interest).

    Related Party Transactions

    Tyson Fujikawa, the son of Raymond Fujikawa, the President of Spine Fixation, has been employed by the Company since 2007 and is currently the Vice President of International Sales Spine Fixation. For 2015, Tyson Fujikawa’s total cash compensation was approximately $346,000 which includes base salary, bonus and sales commissions. In addition, during 2015, he participated in the Company’s general welfare plans, including a standard car allowance and was granted 3,000 restricted stock awards, which vest in four equal annual installments.
     
  8. anonymous

    anonymous Guest

    This is a joke, right?
     
  9. anonymous

    anonymous Guest

    Looks like it pay$$$ to be daddy's boy!