Management Accounting

408-***-**** Jeff Hagobian, CPA ********@**.******.***

Career Highlights

Senior-level finance/accounting management leadership with over 15 years of

Corporate Controller, SEC Reporting and hands-on Operations experience that

has emphasized the re-engineer and management of Accounting and Finance

departments of international, multi-site, public companies, coupled with 6+

years of directing SOX compliance.

Corporate controller experience has been achieved primarily in public

companies with revenues between $73M-$300M in the high-tech, electronics,

semiconductor, software and internet/video communications industries.

Areas of Proficiency

SOX COMPLIANCE ACQUISITIONS AND

DIVESTITURES

SEC REPORTING SYSTEMS

IMPLEMENTATION

BIG 4 AUDITS

INTERNATIONAL CONSOLIDATIONS

FINANCIAL REPORTING

CORPORATE INCOME TAXES

FINANCIAL CLOSINGS FP&A AND STRATEGIC PLANNING

GENERAL, COST AND EQUITY ACCOUNTING CASH MANAGEMENT

A/R, A/P AND PAYROLL CREDIT AND COLLECTIONS

FIXED ASSET ACCOUNTING STAFF DEVELOPMENT

Aug08-Jan10:

. Vice President, Controller at CoMentis, Inc. (fully-integrated Bio-Tech

Company in a collaboration agreement that has a provisional $1B revenue

potential with a $10B biopharmaceutical company):

. Re-engineered the accounting, finance & administrative

infrastructure to support a public-ready company.

. Established a SOX404 compliant environment in a Pre-IPO

setting.

. Re-designed and directed internal & external financial

reporting to be comparable to a listed company.

. Decreased monthly closings 67%.

. Developed formal structure to the close & reporting

processes.

. Received Big 4 praise for direction, quality and 33% reduction of

audit fieldwork time.

. Implemented EITF 00-21 & SAB 104 guidelines to account

for revenue recognition.

. Received accolades for outstanding direction of accounting & finance

(e.g., SOX compliance, financial reporting, corporate income taxes,

FP&A, budgets, cash management, treasury, AR, AP and equity &

revenue accounting).

Aug05-May08:

. Corporate Controller and SOX Compliance Director at Transmeta Corporation

($73M NASDAQ semiconductor manufacturer and provider of services and

licensing of technologies and intellectual properties):

. Eliminated 6 inherited material weaknesses in 1st audit year to

regain SOX404 compliance.

. Received accolades from the BOD for direction of accounting, SEC

reporting and SOX404 compliance.

. Effectively adopted and introduced SFAS 123R to equity

accounting and financial reporting processes.

. Successfully applied SOP 97-2 & EITF 00-21 to new revenue-

recognition producing ventures with large companies, such as

Microsoft, Sony, Toshiba and Intel.

. Implemented a work-order system in SAP to better support

inventory costing and accountability.

. Implemented procedural changes to improve the timing & quality of

financial reporting, closings, Y/E audits, cash & risk management,

AP, AR, credit, FA, PR, all accounting, FP&A, budgets and taxes.

Aug03-Jul05:

. Project Director of SOX404 engagements for public companies to include:

risk assessment, determination of materiality and sample sizes,

preparation of documentation for walkthroughs, narratives, RCMs,

flowcharts, testing and observed deficiency reporting to external auditors

at PWC, Deloitte & Touche, and senior managements:

. Zoran Corporation: $379M developer of integrated circuits and

products for DVDs and audio/video systems.

. Hitachi Data Systems: $3.5B developer of services-oriented storage

and virtual tape library systems.

. FormFactor, Inc: $178M developer and manufacturer of

semiconductor wafer probe cards.

. Thoratec Corporation: $150M manufacturer of circulatory support

products.

Dec01-Jul03:

. Corporate Controller and Director of Accounting at MegaPath Networks

($68M VPN provider of DSL, satellite, wireless and T1 internet services):

. Converted ERP system to a Great Plains platform and re-engineered

general & cost accounting, financial reporting,

monthly closings, FP&A, cash management, AR, credit &

collections, fixed assets, AP, payroll and risk management.

Oct99-Feb01 and Oct96-May98:

. Worldwide Controller at On Command Corporation ($265M NASDAQ leader in

providing on-demand video and internet equipment information services

as in-room entertainment for hotels and resorts):

. Successfully coordinated, directed & implemented post-acquisition

activities resulting from the purchase of an international,

public company by a domestic corporation:

. Created a worldwide chart of accounts for a newly-created

international, public company environment.

. Successfully directed an Oracle implementation to support a new,

more complex worldwide reporting structure.

. Effectively managed the worldwide consolidation process.

. Addressed staffing requirements and centralization/decentralization

issues.

. Formalized & directed processes to meet SEC reporting requirements for

all 10K, 10Q, 8K and Proxy filings.

. Directed the first and subsequent Big 4 Audits of this newly-created

public company.

. Successfully developed staff and created & implemented numerous

policies & procedures in a fast-paced environment.

. Incorporated a proficient infrastructure to scrutinize all general & cost

accounting, cash, credit, fixed assets, FP&A, monthly, quarterly &

annual worldwide consolidations and SEC reporting.

Dec93-Oct99: Contract engagements

. Intellisys Group ($120M provider of integrated audio, video, data-

networking and conferencing products):

. Prepared and reviewed an S-1 registration statement with VCs, legal

counsel and Sr. Management.

. Directed corporate budget process, cash management and assisted in

strategic planning.

. Network Appliance, Inc. ($289M NASDAQ provider of data-storage and access

devices):

. Counseled Senior Staff and Outside Attorneys as to the required

content of a S-3 Registration statement.

. Reviewed synthetic leases and large customer contracts for

completeness.

. Reviewed bank covenants and other treasury functions for compliance.

. Evaluated international tax ramifications of foreign business.

. Prepared and trained staff on 10Q and 8K filings.

. 3Com ($5.6B NASDAQ provider of networking products and solutions with

$645M net inventory):

. As a result of the US Robotics acquisition, evaluated & implemented

a new worldwide inventory management process to ensure accurate

inventory recognition and valuation nationwide.

. Mervyns of California (a NYSE major retailer of $4.1B sales):

. Identified ~$150M OPEX budget cuts.

. Recommended procedure changes in cash management, credit card usage,

purchasing and managing inventory.

. Ascend Communications ($287M NASDAQ provider of networking products and

solutions):

. Directed a company-wide fixed asset inventory & reconciliation to the

GL.

. Researched, selected and implemented a barcode system for tagging,

identification and valuation of computers,

lab equipment and furniture & fixtures in a fast paced,

growing environment.

1991-1993:

. VP of Finance and Operations at Fortress, Inc. (Pre-IPO manufacturer of

wheelchairs and accessory medical devices for a $700M parent company

listed on the Toronto exchange):

. Improved 2nd year profitability 70% through the development & direction

of well-structured, efficiently-run finance, accounting, credit, IT,

HR, purchasing, manufacturing and order entry departments.

. Achieved 70% reduction in production timetable to manufacture make-to-

order product by implementing JIT.

. Achieved 93% accuracy in balance sheet forecasting and 67% improvement

in the timing of monthly closings.

. Created structure in HR, formalized risk management and implemented

procedure manuals for management & safety.

. Decreased payables 35% through implementation of many cash management

practices.

1983-1991:

. Chief Accounting Officer and Corporate Controller at The Vendo Company

($300M NYSE, international leader in the manufacture of vending machines

and an array of fabricated & assembled high-tech, electronic products):

. Contributed to 100% increase in daily productivity of make-to-stock

product by implementing JIT throughout manufacturing.

. Improved by 75%, 50% & 25% the timing of the monthly, quarterly & YE

closes by implementing JIT in Finance.

. Implemented an integrated, online, real time financial reporting

system that enhanced departmental & segment reporting.

. Decreased by 70%, 13% & 33% WIP inventory (11% of total assets),

property taxes and excess labor costs, respectively.

. Eliminated 44% of annual IT costs; and achieved 98% accuracy in P&L

forecasting.

. Created well-structured, efficiently-run JIT-disciplined finance &

accounting (cost & general) departments that contributed to improved

corporate performance and profitability, while significantly

improving morale.

. Directed finance activities of all international & domestic accounting

operations, necessary to meet SEC & internal reporting requirements.

Big 4 experience: KPMG Peat Marwick.

Active CPA credential with the State of California. B.S.

-Accounting - California State University, Fresno

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