Albright Advisors LCC
Resume
JAMES A. BURK
WORK EXPERIENCE
MobileBits Holdings Corporation
2012-2015
Publicly held traded on OTC Markets
2012 Gross Revenues: $0.8m; Employees: 17
Mobile App Developer and Distributor
Chief Financial Officer
Reporting to the CEO and Audit Committee, directly responsible for all finance, treasury, strategic/business planning and forecasting, investor relations, SEC reporting and facility management.
• Restructured the worldwide insurance program adding coverage, increasing limits and for no additional cost.
• Developed a comprehensive financial and cash flow model for discussions with potential investors.
• Restructured the business reducing the monthly burn rate by 50% to $200,000.
Nero AG
2010-2012
Privately held with Private Equity Backing
2010 Gross revenues: $65m; Employees: 400
Digital Media Software Developer and Distributor
Chief Financial Officer
Reporting to the CEO, directly responsible for all finance, treasury, strategic/business planning and forecasting, legal affairs and facility management.
• Restructured the business reducing the overall cost base by $7 million. Further restructuring still in process.
• Renegotiated office lease reducing rent $500,000 over the five year lease term
• Restructured the worldwide insurance program adding coverage, increasing limits and realizing $100,000 in annual savings
• Implemented a comprehensive cash flow model to proactively monitor and manage worldwide available
Youbet.com
2007-2009
Publicly traded on NASDAQ
2008 Gross revenues: $109m; Employees: 330
Internet Gaming
Chief Financial Officer
Reporting to the CEO, and the Audit Committee, directly responsible for all finance, treasury, strategic/business planning and forecasting, SEC reporting, SOX compliance, legal affairs, facilities and human resources. Acted as the primary contact for stock analysts and investors. Responsible for banking relationships.
• In conjunction with the CEO, restructured the business, selling or closing unprofitable businesses and reducing the overall cost base by $10 million.
• Restored operating profitability within eight months and maintained it for 5 consecutive quarters.
• Successfully negotiated new $15 million combined term loan and credit facility consistent with the restructured business environment.
• Restored SOX compliance within six months.
Palace Entertainment
2006-2007
Private equity (Mid Ocean Partners) owned with publicly held bonds
2006 Gross revenues: $162m; Employees: 6,000
Operator of water parks and family entertainment centers within the United States
Chief Financial Officer
Reporting to the CEO and the Audit Committee, directly responsible for all finance, treasury, information systems, business development analysis, strategic/business planning and forecasting, SEC reporting and SOX implementation. Working in conjunction with the CEO and COO, responsible for establishing long-term strategies, developing operating standards and performance targets and monitoring execution. Responsible for maintaining strong banking relationships in this highly seasonable business.
• Participated in $150m IPO debt offering (S-4) and managed the subsequent SEC filings 10Q, 8K and 10K.
• Drafted earnings releases and investor call scripts as well as participated in quarterly calls with investors and analysts.
• Acquired Raging Waters-Sacramento from Six Flags.
United Cinemas International
2000-2005
50/50 Joint Venture with Paramount Pictures and Vivendi Universal.
Gross Revenue: $575m; Employees: 4,000.
International Cinema Developer and Operator
Executive Vice President and CFO
Reporting to the CEO, directly responsible for all finance, treasury, information systems and administrative functions of this film exhibition company operating 114 sites and 1127 screens in 12 countries. Working in conjunction with the CEO, responsible for establishing long-term strategies, operating standards, performance targets and monitoring execution. Responsible for the $250 million international bank syndication loan facility.
NBC/Universal Studios
Senior Vice President International Operations (Universal Pictures)
1979-1999
Senior Vice President and CFO (Universal Pictures)
1996-1996
Various financial positions with increasing responsibilities including Vice President Finance
1990-1996
Universal Pictures, Studio Controller, Production Controller and Director of Internal Audit
1979-1990
PriceWaterhouseCoopers, Alumni
EDUCATION
University of Southern California, BS, Business Administration.
University of California, Los Angeles, Director Certification Program
OTHER ACTIVITIES
Homeboy Industries
Director, Member of the Finance and Fund Development Committees
2009-Present