Investor Relations
We are building the world's leading tax preparation company. The international franchise organization that we've built is the fastest growing international tax franchise ever!
Consolidated Financial Statements
Consolidated Financial Statements 2011
Investor Contacts
Liberty Tax Service® is a privately-held company. Our investors may obtain additional information by contacting Nancy Nelson, at Nancy.Nelson@libtax.com.
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Board of Directors
John Hewitt, President, Chief Executive Officer and Chairman. John Hewitt has served as the President, Chief Executive Officer and Chairman of JTH Tax Inc. since October 1996. Mr. Hewitt has also served as the Chairman of Liberty Tax Service Inc. (formerly Tax Depot Inc.) and the President of Tax Depot Inc. since September 1997. Mr. Hewitt is the founder, and until June 1996 was the President, Chief Executive Officer and Chairman of Jackson Hewitt Inc., located in Virginia Beach, Virginia. Jackson Hewitt Inc. has been a franchiser of tax return preparation franchises since 1986. Mr. Hewitt has over 40 years of experience in the tax return preparation business. Mr. Hewitt left Jackson Hewitt Inc. in September 1996 and created JTH Tax Inc., a corporation founded to develop tax preparation service businesses such as Liberty Tax Service.
Gordon D’Angelo. Mr. D’Angelo has served as a Director since June 2011. Mr. D’Angelo is the co-founder and Chairman of NEXT Financial Group and related entities, an independent registered broker/dealer that provides financial services such as retirement planning, estate planning and investment management through 550 offices in 49 states. Prior to co-founding NEXT Financial in 1998, Mr. D’Angelo was a director of Jackson Hewitt. Mr. D’Angelo brings to the Board of Directors a wealth of experience in the financial services industry drawing upon his experience from his co-founding of NEXT Financial Group in 1998 where he strengthened his leadership capabilities and management advisory expertise. Mr. D’Angelo also has experience in the tax preparation industry, in that he previously worked for H&R Block before serving as a director of Jackson Hewitt.
John R. Garel. Mr. Garel has served as a Director since May 2003. From June 2000 until the present, Mr. Garel has served as a Senior Managing Director for Envest Holdings, a private equity management company. As a Senior Managing Director of Envest Holdings, which manages two funds that are among our largest stockholders, Mr. Garel has garnered expertise in analysis of investment opportunities and evaluation of business strategies. In his tenure at Envest, Mr. Garel has overseen the deployment of capital across a variety of industries.
Gary P. Golding. Mr. Golding has been a Director since October 2000. Mr. Golding is a General Partner for Edison Partners IV, L.P., a venture capital investment partnership and has served in such position since October 1997. Mr. Golding also serves on the Board of Directors of Vocus, Inc., a provider of cloud-based PR and marketing software for public relations management. As a General Partner of Edison Partners IV, L.P., which manages one of our largest stockholders, Mr. Golding has garnered expertise in analysis of investment opportunities and brings extensive management advisory expertise to the Board through his service as a director of multiple private companies. During his tenure with Edison, Mr. Golding has overseen the deployment of investments across a variety of industries.
Steven Ibbotson. Mr. Ibbotson has served as a Director since June 1999. Mr. Ibbotson has served as General Manager for Farm Business Consultants, Inc. (‘‘FBC’’) in Calgary, Alberta since September 1997. From September 1995 until September 1997, he served as a General Manager-Western Canada for FBC, Inc. also in Calgary, Alberta. From September 1993 until September 1995 he served as Director of Marketing for FBC in London, Ontario. FBC is a tax preparation and consulting firm serving farmers and small business owners across Canada. Through his service as General Manager and various other positions at FBC, Mr. Ibbotson brings many years of tax preparation industry expertise to our Board. Mr. Ibbotson has developed significant managerial expertise through his career at FBC and is familiar with many of the operational challenges in the tax preparation industry, many of which confront our company. Mr. Ibbotson also serves as the Board of Directors representative of our largest stockholder, DataTax Business Services Limited.
Ross N. Longfield. Mr. Longfield has served as a Director since December 2001. Mr. Longfield is managing partner of Longfield Consulting, a financial services firm located in Wyoming. From November 2002 through December 2004 Mr. Longfield served as Chairman of the Board of Incurrent Solutions in Parsippany, New Jersey. From June 1998 until December 2000, Mr. Longfield served as a Managing Director for Household International in Bridgewater, New Jersey. He was Chairman and CEO of Beneficial Bank USA from 1990 to 1998, was a pioneer of the Refund Anticipation Loan concept and has many years of experience in the tax preparation industry. Mr. Longfield brings highly valuable financial and managerial expertise to the Board through his service with Incurrent Solutions, Household International and other public and private companies. Mr. Longfield is highly experienced and knowledgeable in financial analysis, financial statements and risk management which qualifies him as one of our audit committee financial experts.
Ellen M. McDowell. Ms. McDowell has served as a Director since June 2010. From January 1998 until the present, Ms. McDowell has also served as an Attorney and Managing Shareholder at McDowell-Riga-Posternock, P.C., in Maple Shade, New Jersey. Her experience as an attorney provides an important legal perspective for our Board as it considers various operating and business strategies.
George T. Robson. Mr. Robson has served as a Director since April 1999. Mr. Robson, currently retired, served as the Chief Financial Officer for Dendrite International, a sales and software concern in Morristown, New Jersey from June 1997 until June 2002, and as interim Chief Financial Officer from June to November 2005. Mr. Robson also previously served as the principal of Caversham Associates, a financial consulting firm in Bryn Mawr, Pennsylvania, from June 2002 until April 2006. Mr. Robson was the Chief Financial Officer for H&R Block from January 1996 until May 1997. Mr. Robson is also a Director of Learning Tree International, a provider of hands-on training to managers and information technology professionals. Mr. Robson brings highly valuable financial expertise to the Board through his experience as the Chief Financial Officer of various companies, including service in our industry as the Chief Financial Officer of H&R Block in the mid-1990s. Mr. Robson is highly experienced and knowledgeable in financial analysis, financial statements and risk management which qualifies him as one of our audit committee financial experts. Mr. Robson also possesses management advisory experience through his service as a director of several companies.
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Executive Officers
Mark F. Baumgartner, Chief Financial Officer, Vice President. Mr. Baumgartner has served as our Chief Financial Officer since February 2004. From August 2003 until February 2004, Mr. Baumgartner served as an independent consultant to the Company. From May 1999 until August 2003, Mr. Baumgartner served as Chief Financial Officer for InfiNet Company in Norfolk, Virginia. From August 1991 until May 1999, Mr. Baumgartner served as Senior Vice President of Operations for First Coastal Bank in Virginia Beach, Virginia. From June 1986 until August 1991, Mr. Baumgartner worked for Price Waterhouse in Norfolk, Virginia under the varying capacities of Audit Staff, Audit Senior and Audit Manager.
James J. Wheaton, General Counsel, Vice President, Legal and Governmental Affairs. Mr. Wheaton has served as our General Counsel since February 2011. From May 2001 until February 2011, Mr. Wheaton was a partner in Troutman Sanders LLP, where he chaired the Securities and Capital Markets Practice Group from 2006-2007, and the Mergers, Acquisitions and Business Ventures Practice Group from 2007-2011. Prior to joining Troutman Sanders, Mr. Wheaton was a shareholder of Willcox & Savage, PC, which he joined in 1986 following a judicial clerkship.
Rufe T. Vanderpool, Chief Operating Officer. Mr. Vanderpool has serviced as our Chief Operating Officer since May 2010. He was our Vice President of Operations since June 2006. From June 2004 to June 2006, Mr. Vanderpool served as our Vice President of Software Development. From April 1998 until May 2004, Mr. Vanderpool served as COO of Orrtax Software, Inc. in Bellevue, Washington. From June 1996 until April 1998, Mr. Vanderpool served as President and CEO of Abacus Software in Edmonton, Canada. From June 1988 until June 1996, Mr. Vanderpool served as COO of Microrim, Inc., in Bellevue, Washington.
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