Decision Makers
Board of Directors
James R. Weaver served as Tier s Chief Executive Officer from August 31, 2003 until May 31, 2006. Mr. Weaver s base salary and MIP payout were determined in accordance with the criteria described in the Annual Base Salary and Management Incentive Plan sections of this report. During fiscal year 2006, Mr. Weaver s base salary was $550,000, and he did not receive a bonus.
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Chairman and Chief Executive Officer |
Current |
Mr. Rossetti has served as a director of Tier since November 1995. Since February 1997, he has served as President of Riverside Capital Partners, Inc., a venture capital investment firm. Since 1997, Mr. Rossetti has also been a general partner in several real estate limited liability companies, all commonly controlled by Riverside Capital Holdings. Mr. Rossetti was a certified public accountant with the Boston office of Coopers & Lybrand (now PricewaterhouseCoopers LLP) from 1966 through 1972. Mr. Rossetti is on the Board of Horizon Natural Resources, the advisory board of Hamilton Associates and serves as a trustee of Northeastern University. He received a B.S. from Northeastern University.
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Chief Executive Officer, Chairman of the Board |
Current |
| Bluelake Partners, L.L.C. |
|
Current |
| Tier Technologies Inc. |
Director |
Current |
| Northeastern University |
B.S. |
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Senior Vice President, Chief Financial Officer and Treasurer |
Current |
Nina brings with her extensive knowledge and experience of the electronic payment processing space at both a strategic and tactical level having served as President of Business Office Solutions from 2001 through September 2008, a division of Sallie Mae Inc., which provides business office reengineering services to universities, colleges, associations and the K-12 marketplace utilizing internet-based technologies. From October 1994 until 2001, Nina also served as Director, Cash Management and Banking Strategies, Corporate Finance for Sallie Mae.
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Chief Operating Officer |
Current |
Mr. Johnston has worked as a CFO consultant for various companies through Tatum LLC, a professional services firm; as Chief Financial Officer and Treasurer for Grantham Education Corporation, a for-profit post-secondary university, and as Chief Financial Officer for WorldSpace Corporation, a satellite broadcast and content development company.
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Interim Chief Financial Officer |
Current |
| Tatum LLC |
Chief Financial Officer Partner |
Former |
| WorldSpace, Inc. |
Chief Financial Officer |
Former |
| WorldSpace, Inc. |
Consultant |
Former |
Mr. Kendrick has extensive experience in strategic marketing, with particular emphasis on the electronic payment processing space, having worked as SVP, Corporate Marketing and Strategy with EFunds Corporation a publicly traded enterprise payments and data solutions company; as CEO and co-founder of Verticate Corporation an analytical software company focused on fraud detection in the retail drug transaction industry; as COO and EVP of Mindport Inc. a global pay-media services provider, as well as holding key executive operational and strategic marketing positions with HNC Software, Bank One Credit, Message Media, AT&T Universal Card Services, and MasterCard International.
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Senior Vice President |
Current |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Senior Vice President, Sales and Marketing |
Current |
| Official Payments Corporation |
Senior Vice President, Sales and Marketing Tier Technologies |
Current |
Michael Lawler manages Tier Technologies' Electronic Payment Processing business unit, which includes Official Payments. Mr. Lawler joined Tier Technologies in 2004 after a distinguished career as founder and CEO of EPOS Corporation.
| Organization |
Position |
Status |
| Official Payments Corporation |
Senior Vice President-Electronic Payment Processing |
Current |
| Tier Technologies Inc. |
Senior Vice President, Electronic Payment Processing |
Current |
| Tier Technologies Inc. |
Founder and CEO |
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Senior Vice President, Business Development |
Current |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Senior Vice President, Government Business Process Outsourcing |
Current |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Senior Vice President, Packaged Software and Systems Integration |
Current |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Vice President, General Counsel and Corporate Secretary |
Current |
| Tier Technologies Inc. |
Secretary |
Current |
Keith Omsberg was appointed Vice President, General Counsel and Secretary in April 2008. Mr. Omsberg is responsible for company legal functions including compliance, governance, litigation, and intellectual property. Prior to this appointment, Mr. Omsberg was Vice President, Assistant General Counsel and Assistant Secretary at Tier since June 2002. Mr. Omsberg joined Tier from Peoplesoft, Inc., and has practiced law in various corporate legal departments and law firms since 1988. Mr. Omsberg is a member of the California bar and is licensed to practice in Virginia.
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Vice President, General Counsel and Secretary |
Current |
| Tier Technologies Inc. |
Board of Directors |
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Vice President |
Current |
| Wbz Newsradio 1030 |
|
Current |
| Massinc |
Board of Directors |
Current |
| Tufts University School of Dental Medicine |
Board of Directors |
Current |
| Harvard Medical School |
Board of Directors |
Current |
| Tufts University |
|
Former |
| Harvard Law School |
|
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Director Nominee |
Current |
| Enzo Clinical Labs Inc. |
|
Current |
| Tier Technologies Inc. |
Board of Directors |
Current |
| Endo Pharmaceuticals Holdings Inc. |
Board of Directors |
Current |
| Enzo Biochem Inc. |
Board of Directors |
Current |
| British Energy Group plc |
Board of Directors |
Current |
| Trump Management Inc. |
President |
Former |
| Lexington Group |
President |
Former |
| Lexington Group |
Cfo |
Former |
| Coty, Inc. |
Chief Financial Officer |
Former |
| Trump Management Inc. |
CFO |
Former |
| Coty, Inc. |
Executive Vice President, Finance & Administration |
Former |
| Trump Management Inc. |
Senior Vice President, Finance |
Former |
| Kraft Foods Inc. |
Senior Vice President |
Former |
| Textron Inc. |
Vice President |
Former |
| Avco Corporation |
Vice President |
Former |
| Trump Management Inc. |
Vice President, Finance |
Former |
| Kraft Foods Inc. |
managing director |
Former |
| Trump Management Inc. |
Managing Director |
Former |
| Lexington Group |
Managing Director |
Former |
| British Energy Group plc |
Deputy Chairman |
Former |
| Avco Corporation |
Treasurer |
Former |
| Fairleigh Dickinson University |
MBA |
Former |
| Bloomfield College |
BA In Business Administration |
Former |
| Fairleigh Dickinson University |
B.A. Degree |
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Director, Communications |
Current |
| Tier Technologies Inc. |
Director, Communications |
Former |
| Official Payments Corporation |
Director, Communications |
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Hr Director |
Current |
Mr. Berger has served as a director of Tier since January 2002. Since April 2003, he has served as President and Chief Executive Officer of Nuance Communications, Inc., a publicly traded company that develops and markets speech recognition software. From December 2001 to December 2002, he was President and Chief Executive Officer of Vicinity Corporation, a publicly traded company providing location-based marketing services. Vicinity was acquired by Microsoft Corporation in December 2002. He has also served as the managing director of Volatilis, LLC, a private investment and aviation services firm, since its founding in June 2001. Prior to forming Volatilis, Mr. Berger served as Chairman and Chief Executive Officer of AdForce, Inc., an online advertising company, from July 1997 to June 2001. AdForce provided on-line advertising management and delivery services to publishers, completed an initial public offering in May 1999 and was acquired by CMGi, an Internet operating and development company, in January 2000. Previously, Mr. Berger served as Chairman and Chief Executive Officer of Radius, Inc., a maker of peripheral products for graphics and video applications, from 1993 to 1997. Prior to joining Radius, Mr. Berger was Senior Vice President for Worldwide Sales, Operations and Support at Claris Corporation, a developer of desktop-to-web information management software, from 1992 to 1993. Mr. Berger is also on the Board of Directors of Nuance Communications, Inc., Vicinity Corporation, Efficient Market Services and FreeFlyer, Inc. Mr. Berger received a B.S. from Bucknell University and an MBA from the University of Santa Clara.
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Chair |
Current |
| Aventail Ssl VPN |
Director |
Current |
| Vicinity Limited |
Board of Directors |
Current |
| Free The Flyer, Inc |
Board of Directors |
Current |
| Tier Technologies Inc. |
Board of Directors |
Current |
| SonicWALL, Inc. |
Director |
Current |
| AdForce |
Chief Executive Officer |
Former |
| Radius Inc. |
Chief Executive Officer |
Former |
| Vicinity Limited |
Chief Executive Officer |
Former |
| Nuance Communications, Inc. |
Chief Executive Officer |
Former |
| Vicinity Limited |
President |
Former |
| Nuance Communications, Inc. |
President |
Former |
| Claris Corporation |
Senior Vice President for Worldwide Sales, Operations and Support |
Former |
| Nuance Communications, Inc. |
Director of the Surviving Company |
Former |
| Sun Microsystems, Inc. |
|
Former |
| AdForce |
Chairman |
Former |
| Radius Inc. |
Chairman |
Former |
| Nuance Communications, Inc. |
Board of Directors |
Former |
| Santa Clara University |
Masters Degree In Business Administration |
Former |
| University of Santa Clara |
MBA |
Former |
| Bucknell University |
B.S. |
Former |
| Organization |
Position |
Status |
| Avvenu Inc |
|
Current |
| Tier Technologies Inc. |
Chair |
Current |
| Airplay Network, Inc |
Chairman |
Current |
| Integral Development Corp. |
Board of Directors |
Current |
| TiVo Inc. |
President |
Former |
| TiVo Inc. |
Senior Vice President of Business Development and Revenue Operations |
Former |
| University of San Francisco |
J.D. |
Former |
| University of Colorado |
J.D. |
Former |
| University of San Francisco |
Masters Degree In Business Administration |
Former |
| University of Colorado |
Bachelor's |
Former |
| University of San Francisco |
Bachelor's |
Former |
| University of Colorado |
Degrees |
Former |
Mr. Cabot has served as a director of Tier since January 1997. He has served as President of Samuel Cabot Inc., a manufacturer and marketer of premium quality exterior stains and architectural coatings, since 1978, and as Chairman of its Board of Directors since February 2000. He is also on the Board of Directors of Plasticolors, Inc., Blue Cross Blue Shield of Massachusetts, Inc., Fiduciary Trust Co. and Reed & Barton Inc., and is Chairman of Associated Industries of Massachusetts (AIM). Mr. Cabot also served two years in Chile as a Peace Corps volunteer. Mr. Cabot received an A.B. from Dartmouth College and an MBA from Boston University.
| Organization |
Position |
Status |
| Samuel Cabot, Inc. |
President |
Current |
| Tier Technologies Inc. |
Chair |
Current |
| Samuel Cabot, Inc. |
Chairman |
Current |
| Blue Cross and Blue Shield |
Board of Directors |
Current |
| Plasticolors Inc. |
Board of Directors |
Current |
| Fiduciary Trust Company |
Board of Directors |
Current |
| Samuel Cabot, Inc. |
Chief Executive Officer |
Former |
| Tier Technologies Inc. |
Director |
Former |
| Boston University |
MBA |
Former |
| Dartmouth College |
A.B. |
Former |
| Organization |
Position |
Status |
| Pinnaclecare International, LLC |
Chairman |
Current |
| Tier Technologies Inc. |
Board of Directors |
Current |
Dave Poe is the Firm's Managing Director and is located in the San Francisco office. Dave started his business career as a CPA with Touche Ross & Company in 1976 prior to joining Edgar, Dunn & Company in 1980. Dave has primarily been involved in providing strategic business services to the financial services industry, with a particular focus on payment products. He has been involved in developing new products and business strategies, in assessing market opportunities, and in harmonizing marketing channel strategies between the physical and virtual world. Dave's clients have included full service financial institutions, card issuers and acquirers, global payments associations, and technology suppliers to the financial services and payments industry. He has conducted assignments throughout North America and Europe. Dave holds a Bachelor of Science degree from the University of Idaho; an MBA in Finance and Marketing from Northwestern University's Kellogg Graduate School of Management, and a Leadership in Professional Services Firms certificate from Harvard University's Graduate School of Business. Dave has been a frequent author and speaker for various financial services industry magazines and forums. He is on the Board of Directors of two companies that supply technology products and services to the payments industry.
| Organization |
Position |
Status |
| Edgar Dunn & Company |
Chief Executive Officer |
Current |
| Orbid, Ltd. |
|
Current |
| Edgar Dunn & Company |
Director |
Current |
| Tier Technologies Inc. |
Director |
Current |
| Coherent, Inc. |
Executive Vice President, Mergers and Acquisitions |
Former |
| Edgar Dunn & Company |
strategy consultant |
Former |
| Touche Ross & Co. |
|
Former |
| Leadership and Company |
MBA In Finance and Marketing |
Former |
| Northwestern University |
MBA in Finance and Marketing |
Former |
| University of Idaho |
Bachelor of Science Degree |
Former |
| Leadership and Company |
BS |
Former |
| University of Idaho |
Degree With Honors |
Former |
| Organization |
Position |
Status |
| The US-Bx |
Managing Director |
Current |
| Boston University School of Management |
Adjunct Professor |
Current |
| Cougar Mountain Software, Inc. |
|
Current |
| Weaver Clinic |
|
Current |
| Tier Technologies Inc. |
Board of Directors |
Current |
| Massachusetts Bar Association |
Board of Directors |
Current |
| Converge Capital |
Chief Executive Officer |
Former |
| Converge Capital |
Founder |
Former |
| Boston University |
assistant professor |
Former |
| Montgomery Securities |
Head |
Former |
| Columbia University Law School |
J.D. |
Former |
| The University of Texas at Austin |
M.B.A. |
Former |
| Brandeis University |
Bachelor of Arts Degree In Classical Studies |
Former |
| Boston University |
B.S. |
Former |
| Massachusetts School of Professional Psychology |
Degree |
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Board of Directors |
Current |
| Organization |
Position |
Status |
| Visual Web Solutions, Inc. |
President and Chief Executive Officer |
Current |
| Acisecureid |
President and Chief Executive Officer |
Current |
| Transaction Systems Architects, Inc. |
President & CEO |
Current |
| Tsa, Inc. |
31-Year Veteran of Payment Systems and Financial Services |
Current |
| Lender's Service, Inc. |
Board of Directors |
Current |
| Visual Web Solutions, Inc. |
Board of Directors |
Current |
| SunAmerica Inc. |
Board of Directors |
Current |
| Fidelity National Financial, Inc. |
Board of Directors |
Current |
| Tier Technologies Inc. |
Board of Directors |
Current |
| Transaction Systems Architects, Inc. |
Board of Directors |
Current |
| Catholic Charities |
Director |
Current |
| Ohio Casualty Corporation |
Director |
Current |
| First USA Bank |
CEO |
Former |
| Tsa, Inc. |
President and CEO |
Former |
| Citigroup Inc. |
President |
Former |
| Citigroup Inc. |
COO of Diners Club |
Former |
| First USA Bank |
President and Chief Operating Officer |
Former |
| First USA Bank |
Chairman |
Former |
| Visa International |
Chairman of the Board |
Former |
| The Schwan Food Company |
Director |
Former |
| Kintera, Inc. |
Director |
Former |
| Visa International |
Board of Directors |
Former |
| Cray Inc. |
Board of Directors |
Former |
| Fair Isaac Corporation |
Board of Directors |
Former |
| Marist College |
B.A. |
Former |
| Organization |
Position |
Status |
| Cambridge Holdings, Inc. |
President |
Current |
| Cambridge Property Group Limited Partnership |
Vice Chairman and President |
Current |
| Cambridge Holdings, Inc. |
Vice Chairman |
Current |
| American Community Properties Trust |
Board of Directors |
Current |
| Tier Technologies Inc. |
Board of Directors |
Current |
| National Association of Industrial and Office Properties |
Board of Directors |
Current |
| National Association of Industrial and Office Properties |
Active Member |
Current |
| Cambridge Property Group Limited Partnership |
Principal Broker |
Current |
| Cambridge Property Group Limited Partnership |
Board of Directors |
Current |
| Organization |
Position |
Status |
| The Business Collaborative |
Chairman, President & CEO, Blue Cross Blue Shield of Massachusetts |
Current |
| Blue Cross and Blue Shield |
Chairman of the Board |
Current |
| Greater Boston Chamber of Commerce, Inc. |
Board of Directors |
Current |
| Liberty Mutual Insurance Company |
Director |
Current |
| Liberty Mutual Group, Inc. |
Board of Directors |
Current |
| PolyMedica Corporation |
Director |
Current |
| Tier Technologies Inc. |
Board of Directors |
Current |
| NSTAR |
Board of Directors |
Current |
| IMS Health, Inc. |
Board of Directors |
Current |
| Citizens Bank of Massachusetts |
Board of Directors |
Current |
| Blue Cross & Blue Shield of Massachusetts, Inc. |
President & Chief Executive Officer |
Former |
| Blue Cross and Blue Shield |
Chief Operating Officer |
Former |
| Blue Cross and Blue Shield |
Executive Vice President |
Former |
| Blue Cross & Blue Shield of Michigan |
Senior Vice President, Operational Services |
Former |
| Blue Cross & Blue Shield of Massachusetts, Inc. |
Chairman Emeritus |
Former |
| Greater Boston Chamber of Commerce, Inc. |
Chair |
Former |
| Organization |
Position |
Status |
| Tier Technologies Inc. |
Board of Directors |
Current |