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This profile was last updated on 6/26/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Richard J. Westin

Wrong Richard J. Westin?

Owner

Agemark Corporation
25 Avenida de Orinda
Orinda, California 94563
United States

Company Description: Agemark Corporation, founded by Richard Westin and Jesse Pittore in 1987, is a private company dedicated to developing and operating exceptional assisted living...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • B.A. degree
    University of North Carolina at Chapel Hill
  • Bachelor of Arts degree
    University of North Carolina at Chapel Hill
  • juris doctor degree
    University of California's Hastings College of the Law
20 Total References
Web References
About Us | Agemark Corporation
agemark.com, 19 May 2014 [cached]
Agemark Corporation was founded in 1987 by Richard Westin and Jesse Pittore with a vision of developing exceptional communities that focus on making a positive difference in the lives of seniors and their families.
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Richard Westin has served as Chief Executive Officer of Agemark since 1987. Prior to co-founding Agemark, Mr. Westin was a successful real estate syndicator and investor. He holds a B.A. from the University of North Carolina and a J.D. from the University of California. Mr. Westin is responsible for property acquisitions, development and management oversight. He personally visits every site during the development stage and works hand-in-hand with staff to instill his ideas and enthusiasm for exceptional senior care.
Orinda Chamber of Commerce - About Us
orindachamber.org, 14 Aug 2013 [cached]
Richard Westin Agemark
Newsletter - May 1, 2014
www.orindachamber.org, 29 May 2014 [cached]
Richard Westin Board Member
Richard J. Westin ...
www.sec.gov, 15 Oct 2003 [cached]
Richard J. Westin
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Richard J. Westin, 60, has been director, co-chairman of the board of directors, chief executive officer and secretary of AGEMARK CORP since its incorporation in April 1997.From 1986 until 1998, Mr. Westin served as president of The Westor Financial Group, Inc., now Opus X, Inc., a company specializing in financing the development of assisted living facilities across the country.Mr. Westin received his Bachelor of Arts degree from the University of North Carolina at Chapel Hill and his juris doctor degree from the University of California's Hastings College of the Law.
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In June 2002, Richard Westin, Jesse Pittore, Robert Herrick, and James Tolley each exercised vested options at ranging in price from $1.00 per share and $1.10 per share.
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Westin and Pittore, managed all of the Company's properties under management agreements that were substantially amended pursuant to our plan of reorganization through the month of May 2001.
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Mr. Westin and Mr. Pittore have equal interests in Evergreen.
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Opus X, Inc. and Evergreen are both entities in which Westin and Pittore share equal interest.Since the beginning of Agemark's last fiscal year, AGEMARK CORP has paid $255,354 to Opus X, Inc. under these agreements.Upon the sale of AGEMARK CORP's assets pursuant to Proposal 1, these agreements will be terminated.
On September 30, 2001, entities affiliated with Richard J. Westin and Jesse A. Pittore, directors and officers of the Company, loaned AGEMARK CORP $550,000 with an interest rate of 10% in order to help Agemark pay the principal and interest payment required to extend the due date of Mortgages the principal amount of $14,775,000 plus accrued interest in the amount of $971,000, for a total of $15,476,000, which were payable on that date.
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In July 2002, AGEMARK CORP disposed of its interest in CountryHouse, LLC through an auction sale of its interest to family limited partnerships controlled by Richard J. Westin and Jesse A. Pittore, directors and officers of AGEMARK CORP.
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The form of the August 30, 2002 transaction was the sale of the Company's member interest to Richard J. Westin and Jesse A. Pittore for a price of $3,300,000 less a credit for repairs of $200,000.
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Westin and Pittore.
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Pittore and Westin entered into an employment agreement with AGEMARK CORP dated as of September 30, 1998.
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Pittore and Westin have each been paid an annual salary of $24,000, and each has waived payment of the remaining portion of their salaries in an effort to conserve AGEMARK CORP's cash.
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Pittore and Westin.
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Pittore and Westin in September 2001.
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Westin and Pittore.
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Richard Westin and Jesse Pittore, directors and officers of the Company, have indicated their intention to bid on the Dickinson Property, which will be sold at auction should Messrs.
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Westin and Pittore in fact bid on any or all of these properties.
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Westin and Pittore, each of which entities has acted as a manager of AGEMARK CORP's properties.
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Westin and Pittore together have entered into a contract with AGEMARK CORP for the sale of the Hastings Property.
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Pittore and Westin purchased AGEMARK CORP's Cumberland Property pursuant to such procedures in a sale intended to provide operating cash for AGEMARK CORP.
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Management, specifically officers and directors Richard J. Westin and Jesse A. Pittore, have contracted to purchase the properties located in Dickinson, North Dakota and, with Martin Hug, an employee of AGEMARK CORP, the property located in Hastings, Nebraska.
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Westin, Pittore and Hug being the highest bid at the auction.
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Richard Westin and Jesse Pittore, affiliates of the Company may bid on certain assets that will be sold at auction.
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Westin or Pittore.
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Moreover, such bids may be made by Opus, an entity co-owned by Westin and Pittore that will act as the trustee of the liquidating trust if Proposal No. 2 is approved by AGEMARK CORP's stockholders.
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Due to the large interests that Mr. Westin and Mr. Pittore hold in AGEMARK CORP, they will derive a greater benefit from the transactions described herein than the Company's non-affiliate stockholders because their pro rata distribution will be significantly greater than those of the non-affiliate stockholders.
Lack of Third Party Fairness Opinion or Recommendation by Independent Director.
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Westin and Pittore.
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Westin and Pittore are both officers and directors of Agemark.
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Richard Westin serves as the Class II director whose term expires in 2003.The director of each class holds his position until the annual meeting of stockholders at which his respective successor is elected and qualified or until his early resignation, removal from office, death or incapacity.
The Board of Directors proposes the election at the Annual Meeting of Richard Westin, Class II director, and unless authority to vote for a nominee is withheld, it is intended that the shares represented by proxy will
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Table of Contents
be voted for the election of such nominee.If Mr. Westin is unable or declines to serve as a director at the time of the Annual Meeting, an event not now anticipated, proxies will be voted for any nominee designated by the Board of Directors to fill the vacancy.
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Richard J. Westin, 60, has been Director, Co-Chairman of the Board of Directors, Chief Executive Officer and Secretary of the Company since its incorporation in April 1997.From 1986 until 1998, Mr. Westin served as President of The Westor Financial Group, Inc., now, Opus X, Inc., a company specializing in financing the development of assisted living facilities across the country.Mr. Westin received his Bachelor of Arts degree from the University of North Carolina at Chapel Hill and his Juris Doctor degree from the University of California's Hastings College of the Law.
Agemark Corporation: Company Profile
www.agemark.com, 1 Sept 2012 [cached]
Agemark Corporation, founded by Richard Westin and Jesse Pittore in 1987, is a private company dedicated to developing and operating exceptional assisted living communities throughout the country.
...
Richard Westin has served as Chief Executive Officer of Agemark since 1987. Prior to co-founding Agemark, Mr. Westin was a successful real estate syndicator and investor. He holds a B.A. from the University of North Carolina and a J.D. from the University of California. Mr. Westin is responsible for property acquisitions, development, implementation of community management, and the day-to-day management of Agemark. Mr. Westin personally visits every site during the development stage, and works hand-in-hand with staff to instill the enthusiasm and vision he has for exceptional senior care.
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