CORPORATE GOVERNANCE

Phil Rafnson

Chairman of the Board
Phil has been our Chairman of the Board since the company’s founding in 2003, and was named our President and Chief Executive Officer in January 2021.  He has been a major participant in the cinema equipment business for over 30 years, starting as a sound engineer for RCA Service Co., moving to National Sales Manager for Xetron Inc., to serving as owner and President of Media Technology Source, one of the largest global cinema equipment distribution companies until the company was sold.  Phil has served as a member of the board of the International Theatre Equipment Association for 12 years and was President of that association for more than four years.  His experience in the cinema equipment industry qualifies him to serve on our board of directors.

Scott Lloyd Anderson, J.D., CPA

Director
Scott has been a director of our company since July 2021.  He practiced with KPMG as a tax CPA in the early 1980s and since 1983 has practiced as an attorney representing businesses and their respective owners.  Scott is a shareholder at the law firm of Fabyanske, Westra, Hart & Thomson, P.A., which he joined in 1985.  He was on the board of directors of the firm from 1988 through 2014, and was elected President over four different time frames.  Over the last 30 years, Scott has structured, negotiated and closed over 200 merger and acquisition transactions of privately held companies ranging in transaction value from a few million to over a billion dollars.  He has been on the board of directors of various construction companies and is a principal owner, director and officer of a safety engineering company, a small investment company and a small oil and gas company.  Scott also assisted with the initial organization of our company in 2003.  He holds a B.A. in Business Administration from Augsburg University and a J.D. from William Mitchell College of Law.  Scott also taught accounting and business law at Augsburg University.  His extensive experience in finance, acquisition transactions and accounting qualifies him to serve on our board of directors.

Katherine D. Crothall, Ph.D.

Director
Katherine has been a director of our company since July 2021.  She has been the Chairman, Chief Executive Officer and President of Aspire Bariatrics, Inc. (“Aspire”) since November 2010.  Prior to Aspire, she served as a Principal of Liberty Venture Partners, Inc. from 2006 to November 2010.  Prior to Liberty, she founded Animas Corporation in 1996 and served as its Chairman, President, Chief Executive Officer.  She led its $69 million IPO in 2004, and sold the company to Johnson and Johnson in 2006.  From October 1988 to September 1993, Katherine served as President and Chief Executive Officer of Luxar Corporation, which she founded in 1988, a company that sold and manufactured CO2 lasers for cosmetic, oral, surgical, dental, dermatological and surgical applications.  She founded Laakmann Electro-Optics, which manufactured and marketed CO2 lasers and was sold to Johnson and Johnson in 1981.  Before that, she was employed as an engineer at Hughes Aircraft from 1971 to 1978.  Katherine has been an Independent Director of Valeritas Holdings, Inc. since October 2016, and is a director of Adhezion BioMedical and Xanitos, Inc.  She served as a Director of Othera Pharmaceuticals Inc., Intact Vascular, Inc., and Lungpacer, Inc.  Katherine also served as a Director of Animas Corp. since 1996 until its sale to Johnson and Johnson in 2006.  She holds over 20 patents and is the recipient of several awards including the Ernst & Young Entrepreneur of the Year Award and the Greater Philadelphia Raymond Rafferty Entrepreneurial Excellence Award.  She has authored numerous technical papers and has presented numerous papers at scientific/medical symposiums.  Katherine holds a B.S. in Electrical Engineering from the University of Pennsylvania an M.S. and Ph.D. in Electrical Engineering from the University of Southern California.  Her extensive experience in public company finance and acquisition experience qualifies her to serve on our board of directors.

John C. Stiska

Director
John has been a director of our company since July 2021. He has been the principal of Regent Partners, a merchant banking firm, and was a Senior Advisor to Agility Capital, LLC, a venture lending fund from 2007 to 2013.  Prior to that he was Chairman of Commercial Bridge Capital, LLC, a venture lending fund.  Over the past two decades, John has served as a CEO, Chairman, Director and investor in more than thirty private and public companies.  He was a practicing Corporate and Securities partner at Brobeck, Phleger & Harrison, and of Counsel at Latham & Watkins.  He also taught Securities Regulation as an Adjunct Professor of Law at the University of San Diego School of Law.  John started his career and became a partner at Luce, Forward, Hamilton & Scripps, before becoming one of the founding partners of Aylward, Kintz, Stiska, Wassenaar and Shannahan, which merged into and became the San Diego Office of the Brobeck Firm, shortly after which he joined Intermark, Inc. as President, and subsequently took Intermark, Inc. and its majority owned company Triton Group Ltd through an extensive Chapter 7 reorganization and refinancing, emerging as a successfully restructured public company, Triton Group Ltd.  John received a B.A. in Accounting, BBA, and a J.D. from the University of Wisconsin.  His extensive experience in public company finance and related corporate matters qualifies him to serve on our board of directors.

Bevan Wright

Director
Bevan Wright is a Company founding partner and has been our Executive Vice President, Operations since the Company’s founding in 2003. In the industry since 1985, Bevan spent ten years as Cinema Systems Product and Engineering Manager at Christie Digital Systems, directing product development and engineering support for all cinema product lines, managing the product lines to develop and bring to market fully-integrated solutions for cinema exhibitors. The previous nine years he held engineering and operations positions at Christie, United Artists, and with other cinema exhibitors. Mr. Wright has over 34 years of experience in the cinema industry in varying positions from operations to technical services and he holds a Bachelors of Science degree in Mechanical Engineering from Arizona State University, and two patents in cinema projection technology. Mr. Wright’s experience in the cinema equipment industry qualifies him to serve on our board of directors.

Phil Rafnson

President and Chief Executive Officer
Phil has been our Chairman of the Board since the company’s founding in 2003, and was named our President and Chief Executive Officer in January 2021.  He has been a major participant in the cinema equipment business for over 30 years, starting as a sound engineer for RCA Service Co., moving to National Sales Manager for Xetron Inc., to serving as owner and President of Media Technology Source, one of the largest global cinema equipment distribution companies until the company was sold.  Phil has served as a member of the board of the International Theatre Equipment Association for 12 years and was President of that association for more than four years.  His experience in the cinema equipment industry qualifies him to serve on our board of directors.

Jose Delgado

Executive Vice President, Sales and Marketing
Jose has been our Executive Vice President, Sales and Marketing since the company’s founding in 2003.  Prior to joining MiT, he spent 15 years at Christie Digital Systems in positions of increasing responsibility, including as National Sales Manager, Director of Sales, and Vice President of Sales.  During his tenure he increased by 10-fold Christie’s cinema presentation product sales, helping the company become a major force in the cinema industry.  Previously he held various positions at JVC, including Sales Representative for video products for the Los Angeles and Las Vegas markets.

Bevan Wright

Executive Vice President, Operations
Bevan has been our Executive Vice President, Operations since the company’s founding in 2003.  In the industry since 1985, Bevan spent 10 years as Cinema Systems Product and Engineering Manager at Christie Digital Systems, directing product development and engineering support for all cinema product lines, managing the product lines to develop and bring to market fully-integrated solutions for cinema exhibitors.  Prior to that, he held engineering and operations positions at Christie, United Artists, and with other cinema exhibitors. He holds a B.S. in Mechanical Engineering from Arizona State University, and two patents in cinema projection technology.

Michael Sherman, C.P.A.

Chief Financial Officer
Mike has been our Interim Chief Financial Officer since July 2018 and became our full time CFO in July 2021.  A senior financial professional for over 25 years, he has held executive finance positions within a range of companies, both public and private.  Prior to joining MiT, Mike was a Finance and Accounting consultant primarily providing acquisition and other transactional services to companies in the Telecom and Manufacturing industries.  At EBSCO Industries, he acted as Corporate Controller and Warehouse Director, while leading the financial integration and on-boarding of the acquisition of an online stand-up desk company.  At FDH Velocitel, he was responsible for the finance and accounting integration aspects of the acquisition of FDH.  At Mitsubishi Automation, as acting Corporate Controller, he was responsible for their $300 million Annual Operating Plan for North and South America, while overseeing all finance functions.  Prior to these roles, Mike was Associate Vice President — Accounting for TCS Education System, where he was responsible for overall system accounting, the acquisitions of the Santa Barbara and Ventura Colleges of Law, as well as preparation and submission of the company’s IRS form 990 for 11 legal entities.  Prior to that, he held the position of Global Vice President of Finance with Liquid Controls Group, an operating group of IDEX, where he was responsible for seven entities in five countries.  While there, he also led the acquisition of TopTech Systems and Faure Herman in France.  Prior to IDEX, he was Vice President Finance for KaVo Dental, a Division of Danaher, where he was responsible for all aspects of finance and accounting.  A former Public Accounting C.P.A. with Coopers & Lybrand for six years, he provided audit, accounting, and business advisory services to a portfolio of clients engaged in the manufacturing and distribution sectors.  Mike holds a bachelor degree in Accountancy from Northern Illinois University.
Chair
Member
BOARD MEMBERS AUDIT COMMITTEE MEMBERSHIP COMPENSATION COMMITTEE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE
John C. Stiska*
Katherine D. Crothall, Ph.D.
Scott Lloyd Anderson
* Financial Expert