Richard H. Hochman
Mr. Richard H. Hochman has been a director of our company since August 2006.
Mr. Hochman is currently the chairman of RHH Capital Consulting, Inc., a private investment firm.
Mr. Hochman has been an adviser to Regent Capital Equity Partners, L.P., a private investment firm making equity and mezzanine investments, since April 1995.
Mr. Hochman was also the chairman of Regent Management Corporation from April 1995 to December 2009.
He was a managing director in PaineWebber’s Investment Banking Group from 1990 to 1995.
Prior to joining PaineWebber, Mr. Hochman was a managing director for Drexel Burnham Lambert, Inc. from 1984 to 1990.
He worked in E.F. Hutton’s Corporate Finance Department from 1969 to 1984 and was promoted as a senior vice president in 1979.
Mr. Hochman is a member of the board of directors of DCI Investment, Santa Monica Amusements LLC and Forefield, Inc.
Mr. Hochman received his Master of Business Administration degree from the Harvard Business School and his Bachelor of Arts degree with honors from the Johns Hopkins University.
Mr. Richard H. Hochman
Mr. Hochman was previously a member of the board of directors of Cablevision Systems Corporation, or Cablevision.
He served as the chairman of Cablevision’s compensation committee and as a member of its audit committee.
In September 2006, Cablevision
announced that it had completed a voluntary review of its past practices in connection with grants of stock options and stock appreciation rights and that it was restating its consolidated financial statements for the three prior years as a result.
had determined that the grant date and exercise price assigned to a number of its stock options and stock appreciation rights during the period from 1997 to 2002 did not correspond to the actual grant date and the closing price of its common stock on the actual grant date.
In such cases, according to Cablevision
, the date assigned to the grant corresponded to the date of a unanimous written consent executed by the members of Cablevision’s compensation committee, but the date of that consent did not correspond to the actual date of the grant.
Mr. Hochman resigned his position on the audit committee and compensation committee of Cablevision in September 2006 but remained on the board of directors of Cablevision until May 2008, when he chose not to stand for re-election.