Financial Accounting
Resume:
FRED SCHAPELHOUMAN
CPA, CFE, CVA
Redmond, Washington 98053 mobile:
PROFILE
Finance executive with over thirty years of industry and public accounting
experience.
Possess strong interpersonal, leadership, technical and analytical skills.
A results-oriented contributor, who has served public and private companies
in both an employee and consulting capacity.
Significant areas of experience include:
Acquisitions Financial Reporting Information
Systems Divestitures
Financing Financial Restructuring People Management
Internal Controls
CAREER BACKGROUND
CFO Plus, Inc., Redmond, Washington July 1997 to March
2001; Nov 2004 to Present
Founded CFO Plus in July 1997 to provide targeted high-level financial
services to software and technology early stage companies such as Vidiator
Technology (restructured), Xeriton Corporation (sold to support.com),
Endura Software (sold to HK Systems), Invisic (sold to Portera), nth Degree
Software (sold to Printcafe), and Netbot (sold to Excite).
Consulting responsibilities have included developing financing strategy and
business models, financial restructuring, and improving internal controls
and accounting systems to assist clients in maximizing shareholder value
and developing value-driven metrics. Have also prepared business valuations
reports to clients primarily for stock option valuation purposes.
Insightful Corporation, Seattle, Washington
$17 million in annual revenues plus $4 million in funded research,
statistical analysis software company, publicly traded under NASDAQ symbol
IFUL (sold to TIBCO in 2008).
Chief Financial Officer
October 2002 to August 2004
Responsible for all financial and reporting functions.
Accomplishments include restructuring company to achieve 3 consecutive
quarters of profitability after 2 previous years of losses. Reduced the
company's break even level by over $1 million per quarter by creating a
componentized model of the company's operations to prepare the Company for
sale. Streamlined international operations from four foreign subsidiaries
to three.
Tridia Partners, Bellevue, Washington
November 2001 - Sept. 2002
Co-founded a three person financial consulting organization designed to
provide targeted high-level financial expertise to small and mid-sized
companies. Clients included such companies as Pyramid Breweries and
Advanced Biometrics Inc.
Aris Corporation, Bellevue, Washington
$60 million in annual revenues, 400 employees, IT consulting services firm,
publicly traded under NASDAQ symbol ARSC. Completed merger into CIBER, Inc
("CBR" ticker on NYSE), a 5,000 employee professional services firm based
in Denver, in October 2001.
Chief Financial Officer
March 2001 to October 2001
Responsible for all financial and reporting functions.
Accomplishments include successfully selling the Company to CIBER based on
a detailed financial model identifying key metrics. Researched and
summarized key Company milestones to provide buyer comfort. Assisted in
selling company's headquarters building to generate $6 million in
additional cash.
Sierra On-Line, Inc., Bellevue, Washington
$160 million in annual revenues; 900 employees; international consumer
software company; publicly traded until merger with CUC International in
July1996 in transaction valued at over $1 billion.
Vice President of Finance July 1994 to July 1997
Responsible for financial and SEC reporting, planning and budgeting,
financial controls and information systems, risk and cash management,
credit and collections, taxation, and cost accounting and expense
management.
Prepared the first comprehensive budget and financial plan in the
company's history to guide the company back to profitability, established
financial performance measurements useful to operating management,
implemented new financial software package within six months of decision,
and successfully integrated accounting functions of six acquired
companies.
Interim Chief Financial Officer February 1994 to July 1994
Responsible for all financial and accounting functions and manufacturing
operations.
Recommended and completed a $50 million convertible debt offering.
Successfully sold deal to institutional investors.
Controller November 1993 to February 1994
Hired and trained an entirely new accounting and finance staff resulting
from corporate headquarters relocation from California to Bellevue
Washington.
Megatest Corporation San Jose, California
$80 million in annual revenues semiconductor equipment manufacturer with
approximately 450 employees.
Controller July 1988 to November 1993
Helped guide the company from brink of insolvency to successful initial
public offering. Developed and implemented financial and operating
metrics to run the business. Completed successful secondary offering.
Accounting Manager May 1984 to July 1988
Armstrong, Bastow & Potter Accountancy Corporation August 1981 to
May 1984
Senior Auditor - Performed audits, financial forecasts and reviews for
technology and agribusiness clients.
McFarlane, Branton & Cazale Accountancy Corporation August 1980 to
June 1981
Accountant - Performed tax services, compilations and reviews.
Deloitte, Haskins & Sells January 1979 to August 1980
Auditor - Audit engagements included agribusiness, university, government
and resort industry clients.
ADDITIONAL INFORMATION
* Certified Valuation Analyst ("CVA"), November 2007
* Certified Fraud Examiner ("CFE"), April 2005
* Golden Gate University, MBA in Finance, June 1991
* Winner of Top Finance Student of the Year Award, Golden Gate University,
June 1991
* CPA Certification, May 1981; current "active" status in Washington
* San Jose State University, Bachelor of Science Business Administration,
December 1978
* Member Financial Executives Institute (FEI)
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