Thomas R. Comer
* ******* ****, ******, ** ****7 Office: 203-***-****
********@*******.*** Home: 203-***-****
Profile: Hands-on, mission-oriented, financial executive for
entrepreneurial companies in transition.
B.A. Johns Hopkins University
M.B.A. University of Virginia (Darden GSBA)
J.D. Pace University School of Law
TRIBECA TABLES SOFTWARE DEVELOPMENT ('05 to '09)
Stamford, CT
Pre-IPO, B2B solutions provider (software and operations management) for
the online poker industry.
CFO/Controller
With revenue ($20 million) doubling each year, established first-ever
financial statements, budgetary controls and planning models. Redesigned
cash exchange clearing account for interdependent customers. Co-executed
$60 million sale of business involving 7 countries and 99 stockholders over
2-year payout.
Eliminated accounts receivable issues by taking A-to-Z ownership of
licensing function
Key advisor to founders, investors and executives on complex tax issues
TECHNOLOGY MARKETING CORP. ('02 to '05)
Norwalk, CT
Private, entrepreneurial publisher, internet marketer and trade show
sponsor for the telecom industry.
CFO/Controller
In the wake of a 70% drop in revenue, critical tasks were: forecasting cash
flow, modeling business lines, managing risk and regaining confidence from
vendors, creditors and employees. Restated prior financial statements to
comply with GAAP and reality. Subsequent explosion in VoIP and online
advertising presented the challenge of managing triple-digit growth ($9
million annual revenue).
Refinanced long-term debt, reducing cost of funds by 2.5 percentage points
Uncovered excessive Merrill Lynch 401K sales charges
McCALL / BUTTERICK / VOGUE ('98 to '02)
New York, NY
Private, $35 million international designer, manufacturer and distributor
of consumer sewing patterns.
Custom publisher for Vogue, Family Circle and FTD. EDI book retailer for
1000-unit JoAnn stores.
Corporate Controller and Director of Finance
Directed plant and HQ controllers in stabilizing core business. Provided
analytical focus for startup, co-marketing, licensing and joint ventures.
Hands-on leader for contracts, pricing and intellectual property.
Revamped foreign consolidation and analysis process; rated by PwC as "the
gold standard"
Installed state-of-the-art accounting and reporting system
Reduced state tax audit liability "at the 11th hour" from $330,000 to
$7,800
Directed Merger & Spinoff Transition Team upon dismissal of CFO
GOOD NEIGHBOR DIRECT ('94 to '97)
Norwalk, CT
Unique, private direct marketing firm with proprietary media operations in
7500 supermarkets.
CFO/Controller
$8 million Turnaround: Cash Crunch, IT and HR issues. Restructured benefit
plans. Analysis of sales and field operations (150 people in 32 states)
critical to tax-free sale of company to Snyder Communications.
Created master contract reducing prime customer's order turnaround time by
90%
Convinced Chase Bank to expand borrowing base by 25%
Thomas R. Comer
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GENESIS CAPITAL PARTNERS ('90 to '93)
Greenwich, CT
Boutique investment banking and consulting partnership for airlines,
lenders and investors.
Principal - Finance and Administration
Raised startup capital for Miami charter with creative equity lease.
Executed Japanese tax shelter
with Merrill Lynch; asset-based financing for air cargo LBO; financial
plan for pan-India startup.
Developed "50/50 Leverage" and "19.9% Solution" for institutional
investors
Shepherded contract dispute through arbitration, reclaiming $250,000 in
commissions
GOLDOME BANK ('87 to '90)
Stamford, CT
Assistant to General Manager of startup equipment leasing subsidiary.
Director - Financial Planning and Analysis
Annual profit plan; financial modeling; acquisition analysis; due
diligence; tax-oriented deals; equity financing and syndications; and,
one-of-a-kind investments. Designed portfolio database. Analyzed and re-
negotiated "broken" deals. Key role in RTC spinoff of this division.
. Led multi-discipline task force that generated $30 million in 30 days
on portfolio/asset sale
ENTREPRENEURIAL & CONSULTING VENTURES NY / CT
/ NJ
PC Knowledge: Startup - investor, co-founder and author of business
plan resulting in IPO
North Street Capital: SBIC - hands-on analysis of profit margins for
portfolio companies
OPM Leasing: $200M bankruptcy - pro forma tax analysis pivotal to
sale at 33% premium
Ciba Chemicals: $7B spinoff - resolution of complex intercompany
accounting issues
GENERAL FOODS CORPORATION ('82 to '87)
White Plains, NY
From Financial Analyst in Corporate Distribution to Financial Manager in
Grocery Products division.
Diversity of progressive assignments ranging from cost accounting to profit
planning; capital budgeting; inventory control; ROI analysis of business
proposals; cash maximization of mature product lines; computer modeling of
corporate warehousing network; hedging strategy for commodity prices.
Financial team member on task force for GF's first entry into the soft
drink market.
SUMMARY OF SKILLS & EXPERIENCE
Financial Management: Controllership:
Business Planning and Strategy Hands-on CPA
Investment Analysis Consolidation & Reporting
Mergers & Acquisitions Audit, Banking &
Investor Relations
Debt & Equity Financing Cash Management & Cost
Controls
Legal Analysis: General Management:
Contracts Startup / IPO / Spinoff
Intellectual Property Turnaround /
Bankruptcy
Tax International Transactions
Personnel Issues Diverse IT Experience