Sam
Sam W. Stearman
Flat **-B, Tower One, DeerHill Bay
Tai Po, N.T., Hong Kong
(852-****-****, 6244-5166
Email: ***@*******.***
PROFESSIONAL SUMMARY
Have significant experience in all aspects of accounting / finance for organizations ranging
from start-ups to Fortune 500 companies. Have developed financial presentations to
Corporate Boards, strategic business plans, industry analysis, marketing plans, budgets and
financial analysis. Experience includes financial reporting, general ledger, financial
modeling, cost accounting, systems implementation, auditing, corporate income tax, payroll,
HR and IT.
EDUCATION
CPA Illinois and California
MBA Drake University
BS University of Louisville (honors) - Accounting
EXPERIENCE
Principal Consultant, Sino-Bridge China Consultants, Ltd, Hong Kong (2006 present). A
consulting firm and member of DFK International, the company assists foreign clients in
international and Chinese regulatory, accounting and tax issues. Areas worked on included
three-day training of staff in HK and the two China offices, formulating procedures and
standard forms for field work and reporting; writing and publishing newsletters and other
marketing materials and other special projects.
Business and Marketing Consultant, SW Stearman & Associates, Oceanside CA. (1988
2003) A boutique CPA / consulting practice, providing a full range of financial and business
solutions to growing business.
Services have included strategic planning; industry and competitive marketing analysis;
business valuations; SEC filings for a bulletin-board public traded company; an IPO filing
for a cooperative software marketing company; due-diligence reviews for proposed
acquisitions; financing assistance for growth companies and start-ups; implementation of
accounting and other critical systems / procedures; fraud audits; cash management and
cost reduction; financial modeling and conventional tax / accounting services.
Clients have included apparel, aerospace and other manufacturing clients; capital goods
distributors; event marketing, hotel/restaurant management and international distribution
and software publishers.
Corporate Controller, CPLANE, Sunnyvale CA. (2000 2002) Pre-IPO Company involved
in developing integration software for major telecom carriers, with 70 employees.
Responsible for accounting, treasury, stock administration, budgeting, financial planning
and systems / controls.
Treasury functions include selection of money managers for $25 million raised during
third round of financing,
Refined accounting system to reflect growth from 30 to over 70 employees,
Coordinated development of initial financial plans, detailed budgets and financial
modeling tools. Budgets, which are updated quarterly, are used as a tool to monitor
spending by individual departments, including monthly actual/budget comparison and
integration with MBO program,
Converted stock records to Equity Edge, providing tools and reports for needed for
accounting / reporting of options and stock sales.
Sam
Sam W Stearman CV Page 2
Chief Financial Officer, On-Point Technology Systems, San Marcos CA. (1999-2000)
NASDAQ listed manufacturer of high-security vending terminals to international lotteries and
other customers, with 100+ employees.
Prepared S-4/S-1 for sale of core business to Fortune 500 company and spin off of new
eCommerce company to current stockholders, including coordination of due diligence,
Prepared all SEC filings (10K, 10Qs, 8Ks),
Developed framework for new UK-based eCommerce business,
Shopped credit-line requirements with major local and national banks, resulting in
increase in borrowing from $5 - $10 million.
Principal, Nyborg & Nyborg, Palentine IL. (1986 1987) A CPA and investment management
firm, specializing in local government and commercial pension funds, with 30+ employees.
Worked with audit clients, performed consulting, developed new investment markets,
products and assisted in portfolio management for investment clients.
Marketing/PR efforts resulted in 20 % portfolio growth in new industries.
Developed two limited partnerships based on the firm s unique investment strategies.
Corporate Controller, Wagner Casting Company, Decatur IL. (1982 1985) A major
regional iron foundry servicing the automotive and other industries, with $30 million sales and
500+ employees. Company had been purchased by the management group using a LBO.
Refined cost systems, implemented early-warning profit and cash-flow reports.
Selected PC hardware/software.
Implemented 401K plan with 65% participation among 500+ union employees.
Used R&D tax credit to reduce taxes for three previous years, with savings of $85,000
CFO for Essex Telecom Division, United Technologies Corp, Decatur IL. (1976 1981)
Division manufactured telephone cable (cable and fiber optic) for domestic and international
customers, with sales of $75 million and 300 employees in four plant locations.
Implemented strategic planning, MBO and quality programs.
Significant international experience included technical assistance agreement with China
and contract administration with Iran.
Implemented design system to speed up foreign quotes, closed loop MRP system
Implementation and coordination of strategic planning, quality programs and cost
containment resulted in 250% increase in profits on 100% increase in sales in stagnant
industry.
Financial Management, Lykes-Youngstown (LTV) Youngstown Sheet & Tube Co,
Youngstown OH. (1972 - 1976) Company employed almost 20,000 employees in two major
steel plants.
Financial Management, Massey-Ferguson (Varity), North American headquarters,
DesMoines IA. (1966 1972) A leading international manufacturer of tractors and farm
equipment.
Senior Auditor, Arthur Young (Ernst & Young), Chicago IL. (1963 1966) Major office of
Big 4 CPA firm.