Management Accounting

Larry Adcock, MBA

**** *. ******* ***. *****: 575-***-**** Republic, Mo. 65736 e-mail: *****.******@*****.***

SUMMARY OF QUALIFICATIONS

Extensive experience as Senior Finance Executive in entrepreneurial manufacturing environment with an MBA and demonstrated capabilities in strategic planning, acquisitions, inventory control and management, treasury and controllership functions. Proven ability to negotiate effectively and efficiently in contract and risk management. Excellent investment banking relationships, ability to manage major capital projects within time and budgetary constraints and strong leadership skills combined with team-oriented style generate significant contribution to financial results as well as respect from board members, management team and outside professionals. Committed to leading with the highest integrity and ethical standards as defined in Sarbanes-Oxley. Core skills include:

Project Management Entrepreneurial Forecasting/Budgeting

Financial & Operational Analysis Audit Coordination Fixed Asset Management Corporate Governance & Compliance Cash Management Banking Relationships Strategic & Business Planning Corporate Finance Cost Accounting Mergers & Acquisitions Due Diligence Inventory Control

PROFESSIONAL EXPERIENCE

REDNECK, INC. - Springfield, MO 2015 – Present

$190M privately/family owned trailer parts distributor

VP Finance/CFO

Senior executive officer managing all accounting, information services, credit, employee training and development, including budgeting, financial preparation, risk management, legal matters, coordination of annual audits, negotiation of leases, trustee of 401k plan. Assisted in the implementation of Microsoft Dynamics AX 2012. Reports directly to the President/CEO.

EQUIPMENT DEPOT - Waco, TX 2012 – 2015

$400M privately/family owned material handling company

Director of Shared Services

Senior executive officer that successfully developed, implemented and directs shared service center for five legal entities of Equipment Depot. Responsible for accounting and financing activities of the organization including budgeting, financial review, risk management, legal matters, coordination of annual audits, treasury management, AP, AR/collections, credit management, inventory, fixed assets and payroll. Assisted in the implementation of Microsoft Navision. Reports directly to the Chief Financial Officer.

EQUIPMENT DEPOT, LTD. - Waco, TX 2008 – 2012

$140M privately/family owned material handling company

Chief Financial Officer

Senior executive officer managing all accounting and financing activities of the organization including budgeting, financial preparation, risk management, legal matters, coordination of annual audits, negotiation of corporate financing and leases, and human resource management that reports directly to the Chief Executive Officer.

Responsible for P-card program earning over $300k in rebates annually.

Instrumental in acquisition and integration of an acquired business.

SIMEUS FOODS INTERNATIONAL, INC. - Mansfield, TX 2004 – 2008

$82M private equity owned value added food processor

Vice President/Chief Financial Officer

Senior executive officer managing all accounting and financing activities of the organization including budgeting, financial preparation, risk management, legal matters, coordination of annual audits, negotiation of corporate financing and leases, trustee of 401k plan and reports directly to the Chief Executive Officer.

Instrumental in recapitalization of the equity and debt of the Company; converting $56M of debt to equity, replacing $30M of debt at a 27% discount with $23M of debt and setting up a $5M revolver with leverage covenants in place to allow for growth of the Company.

Negotiated with CEO a $23M annual co-pack agreement to absorb excess plant capacity with minimal capital expenditures and debt restructuring.

Identified procedural errors in accounting treatment of deferred costs; increased EBIDTA by over $2M annually and raised enterprise value over $10M.

Negotiated a $4.8M capital lease to add a kettle line to the production facility using a balance sheet with significant negative equity.

Effectively managed significant capital projects to completion in a timely manner and within budgeted constraints.

Changed auditing firms, saving the Company $80K or 50% on audit and tax preparation fees annually while spearheading both the 2003 and 2004 audits simultaneously without any audit adjustments.

Negotiated all lines of insurance for the company, saving the organization $375K or 19% in the first year.

BORDER FOODS, INC. – Headquarters in Farmers Branch, TX with Manufacturing Facility in Deming, NM 1991 - 2004

$90M private equity owned Mexican food manufacturer-5 years as family owned and operated, purchased by private equity firm Clearview Capital Partners in 1996 in a highly leveraged transaction and subsequently sold to the private equity firm, Swander Pace Capital.

Vice President/Finance

Senior executive officer managing all accounting and financing activities of the organization including budgeting, financial preparation, legal matters, coordination of annual audits, negotiation of corporate financing and operating leases; trustee of 401k plan and reports directly to the Chief Executive Officer.

Led team that implemented a $1.4M JD Edwards One World ERP package.

Managed capital project spending and monitored project progress

Negotiated / coordinated the integration of three acquired businesses.

Managed preparation of due diligence materials, financing and negotiation of financial covenants with a third party for the sale of the Company

Renegotiated a subsequent refinancing using asset, term and sub-debt lenders to support the sustained growth of the organization.

Developed a unique, partially self-insured workers compensation program, saving the Company over $1.5M in premium cost over a five-year period.

Coordinated and prepared annual audit documentation and worked with audit partners for twelve years without any material audit adjustments or significant management recommendations.

Managed legal issues including lawsuits, trademarks, contracts and employment agreements.

Negotiated and reviewed operating leases that increased the ability to move valuable capital purchases forward to recognize savings sooner based on restrictive capital spending covenants by the bank syndicate.

GENERAL CHEMICAL CORPORATION - Green River, WY 1989 - 1991

Mining trona to be converted to soda ash

Manager of Accounting

Directed all aspects of financial accounting including monthly financial statement preparation and analysis, fixed assets and depreciation, inventory control, cash requirements, cost accounting, and annual budget preparation, analysis and presentation. Supervised A/P, A/R, IT and payroll.

MR. STEAK, INC. dba: QUALITY STEAKS, INC. - Denver, CO 1979 - 1989

Restaurant chain including its own distribution system and meat packing plants

Controller

Managed financial accounting activities including preparation of weekly and monthly financial statements for board presentation, cash management, data processing, human resources, payroll, inventory and production accounting.

EDUCATION

MBA - New Mexico State University - Las Cruces, NM

BS, Finance - University of Colorado - Denver, CO

BS, Education/History - Virginia Commonwealth University - Richmond, VA

Accounting - Virginia Commonwealth University - Richmond, VA

PROFESSIONAL AFFILIATIONS

Golden Key National Honor Society Sigma Iota Epsilon

Beta Gamma Sigma National Honor Society Career Connection Management Group

Contact this candidate