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Financial Executive

Location:
Virginia
Posted:
May 06, 2015

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Resume:

Resume of Thomas E. Severson Jr.

** ***** *****

KEY LARGO, FLORIDA 33037

CELL: 561-***-****

EMAIL: acpjre@r.postjobfree.com

Corporate Finance Executive

Finance executive with twenty years of diverse financial management

experience including Chief Financial Officer for the nation's largest

publicly traded broadcast television group, a leading publisher of

celebrity journalism and fitness magazines, a luxury life-style brand and

global leader in golf course design and an early stage mobile Internet

media company. Experience includes a significant focus on business

operations combined with the ability to consistently execute successful

transactions. These transactions have included $3.0 billion in business

acquisitions, $5.4 billion in public capital raising activities, the

execution of a $145 million sale transaction for golf legend Jack Nicklaus

and most recently, the execution of $25 million of early stage venture

capital (see attached addendum for a schedule of transactions consummated).

Expertise includes:

. Strategic & Business Planning

. Financial Analysis / Forecasting

. Acquisitions / Divestitures

. SEC Financial Reporting / Budgeting

. Operations / Contract Negotiations

. Financing Activities / Public and Private

. Corporate Treasury & Banking

. Investor Relations / Public and Private

. Early Stage Start-ups

. Team Building & Leadership

Professional Experience

Myxer Inc., Deerfield Beach, Florida

2008 to August 2014

EVP, Chief Financial Officer

Myxer Inc. was a mobile media and technology company that owned consumer

facing web sites and mobile applications, providing users a technology

platform to share, search and download media content. Founded in 2005,

Myxer was a pioneer in the mobile Internet and development of mobile

applications, establishing one of the largest mobile Internet destinations

in the U.S. In November of 2011, Myxer pivoted into Internet Radio with

the launch of its first Internet radio service.

Accomplishments:

. Finance Infrastructure - developed a complex bottoms-up financial model

utilized for financial planning and analysis and manage the day to day

business operations including all revenue drivers.

. Fund Raising Activities - executed over $25 million of early stage

venture capital, primarily from private equity investors. Re-capped

Myxer in November 2012 and raised seed capital for an Internet radio

restart strategy.

. Contract Negotiations - simultaneous execution of the settlement of a

copyright litigation and content partnership distribution agreements

with Universal Music, Sony Music, Warner Music and EMI Music.

. Internet Radio Pivot Strategy - developed the Myxer Internet Radio

business plan and all key strategic partnerships necessary to launch the

service. Significant responsibilities for product design and

development.

The Nicklaus Companies, LLC; North Palm Beach, Florida

2005 to 2008

EVP, Chief Financial Officer

Key executive responsible for the operations and financial matters of the

three businesses owned by The Nicklaus Companies, LLC and assets managed by

the Nicklaus Family Office. With offices in six countries, Nicklaus Design

LLC is the world's leading golf course design firm with 380 courses open

for play in 36 different countries. Nicklaus Marketing, Inc. generates its

revenue through royalties from $300 million in apparel sales worldwide and

licensing the image and likeness of Mr. Nicklaus. Nicklaus Golf Equipment

Company, LLC designs and manufactures a full line of high quality golf

clubs.

Accomplishments:

. Finance Infrastructure - developed the financial reporting necessary to

effectively execute financial planning and analysis and prepare the

business for an exit strategy process.

. Sale Transaction Strategy - developed a strategic plan to execute a tax

efficient liquidity event for the Nicklaus family.

. Sale Transaction Process - responsible for all aspects of the marketing

process and the negotiation of all term sheets and formal documentation.

In June of 2007, closed a $145 million sale transaction for 49% of the

combined businesses.

American Media, Inc. (AMI); Boca Raton, Florida

2004 to 2005

SVP, Chief Financial Officer

Key finance executive for the nation's leading publisher of weekly

celebrity journalism and health and fitness magazines. AMI publishes the

following Magazines: Star, Shape, Men's Fitness, Muscle & Fitness, National

Enquirer, Globe as well as other special topic magazines. AMI's private

equity sponsors included Thomas H. Lee Partners and Evercore Partners. As

a public reporting company, AMI's enterprise was in excess of $1.5 billion.

Accomplishments:

. Finance Infrastructure - developed the financial processes necessary to

accurately report financial results to the investment community and

equity sponsors.

. Tax Reporting and Strategy - implemented a tax strategy to significantly

improve the company's tax exposure and related tax liabilities.

. Investor Relations - developed equity sponsor confidence in all aspects

of the company's financial reporting and forecasts and transparency into

the operations of the business.

Paxson Communications, Inc., (AMEX:PAX), ndba ION TV; West Palm Beach,

Florida 2000 to 2004

SVP, Chief Financial Officer and Treasurer

Key finance executive for the nation's largest broadcast television station

group and PAX TV, a broadcast television network. PAX TV reaches 88% of

U.S. television households through a nationwide broadcast television, cable

and satellite distribution system. PAX owns and operates 65 television

stations including stations in all of the nation's top 20 television

markets and 41 of the nation's top 50 television markets. As a public

company, PAX's enterprise value was in excess of $2.3 billion.

Accomplishments:

. Capital Structure - successfully refinanced $1.25 billion of PAX's debt

and preferred stocks through five separate public securities offerings.

. Investor Relations - repositioned PAX's perception in the investment

community by developing new banking relationships, increasing analyst

coverage, accelerating earnings report dates and consistently achieving

earnings guidance.

. Finance and Accounting - completed a re-engineering of PAX's finance and

accounting functions through a combination of personnel enhancements and

effective use of financial information systems.

. Operations and Strategic Planning - worked closely with the CEO on

operations to move the company from negative $100 million in annual free

cash flow to positive free cash flow within a two year period.

Sinclair Broadcast Group, Inc. (NASDAQ: SBGI); Baltimore, MD

1995 to 2000

Vice President and Chief Accounting Officer - September 1999 to July 2000

Corporate Controller - September 1996 to September 1999

Corporate Assistant Controller - June 1995 to September 1996

Key finance executive for the nation's second largest television station

group. Sinclair is a public company owning 74 television stations in 45

geographically diverse markets and 51 radio stations in 10 geographically

diverse markets. While a Sinclair executive, significant involvement in the

execution of a $3.0 billion roll-up of broadcast television and radio

assets and related capital raising activities.

Accomplishments:

. Financing Transactions - significant involvement in capital raising

transactions of $4.2 billion through eight separate public securities

offerings. Responsible for the coordination of auditors, investment

bankers, underwriters' counsel and SEC counsel.

. Acquisition Transactions - responsible for due diligence, deal structure

and integration of approximately $3.0 billion of business acquisitions.

. Financial Infrastructure - implemented a scalable financial reporting

structure to facilitate the rapid growth associated with a roll-up.

. Proven Management Ability - with 16 direct reports and 36 dotted line

reports, responsibilities were consistently accomplished by building

talented teams.

Deloitte and Touch , LLP; Baltimore, MD

1994 to 1995

CPA, Supervising Senior Accountant

Responsibilities:

. Perform audit and consulting services for domestic and international

public and non-public companies with revenues ranging from $5 million

to $250 million. Focus was primarily in the real estate industry.

KPMG Peat Marwick, LLP; Baltimore, MD

1991 to 1994

CPA, Supervising Senior Accountant

Responsibilities:

. Perform audit and consulting services for transaction oriented public

and non-public companies with revenues ranging from $10 million to

$750 million. Focus was primarily in the real estate industry.

Education University of Baltimore, September - 1991

Bachelor of Science Degree in Accounting

Honors: Magna Cum Laude - Beta Gamma Sigma Honor Society

Certified Public Accountant - Maryland CPA #IO22897 (inactive)

ADDENDUM

RESUME OF THOMAS E. SEVERSON JR.

SCHEDULE OF TRANSACTIONS CONSUMMATED

2008 TO AUGUST 2014 MYXER INC.

EVP, Chief Financial Officer

Transactions Executed:

. Series B-1 Preferred Stock Offering ($6.4 million)

. Series B-2 Preferred Stock Offering ($8.8 million)

. Convertible Notes ($6.8 million)

. Re-cap Series Seed Preferred Stock ($2.7 million)

. Senior Secured Notes ($0.7 million)

. Litigation - copyright settlement with 19 plaintiffs

. Music Label Content Distribution Agreements

2005 to 2008 Nicklaus Companies, LLC

SVP, Chief Financial Officer

Transactions Executed:

. $145 million sale transaction for 49% ownership of the

combined businesses

. $37 million G-V Aircraft Purchase and related financing

. $10 million credit line

. Various real estate partnerships with Guggenheim Partners

and related financings with the Royal Bank of Scotland

2000 to 2004 Paxson Communications

SVP, Chief Financial Officer and Treasurer

Transactions Executed:

. $360 million bank facility

. $380 million senior secured floating rate notes

. $200 million high yield notes

. $310 million high yield notes

1995 to 2000 Sinclair Broadcast Group, Inc.

VP, and Chief Accounting Officer

Transactions Executed:

. $300 million high yield notes

. $200 million HYTOPS

. $1 billion bank facility

. $200 million high yield notes

. $173 million preferred stock

. $223 million common stock

. $250 million high yield notes

. $335 million common stock

. $1.75 billion bank facility

. $1.2 billion acquisition of River City Broadcasting

. $435 million acquisition of Max Media

. Acquisition of numerous other radio and television

stations totaling $1.4 billion

. Sale of radio station group to Entercom Communications

for $850 million



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