A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a
leading full-service provider of products and services to the
global precious metals market, has appointed Executive Vice
President, Controller and Assistant Secretary Kathleen
Simpson-Taylor, CPA as Chief Financial Officer (CFO), effective
September 30, 2019. Simpson-Taylor will replace Cary Dickson, who
has served as CFO of A-Mark since November 2015.
Dickson, who has commuted daily from Orange County to the
company’s headquarters in El Segundo for the past four years,
elected to step down as CFO to pursue an opportunity close to home.
Dickson’s resignation was not a result of any disagreements with
the company relating to its financials, operations, policies or
practices.
“We are immensely grateful to Cary for the countless ways in
which he elevated and transformed the finance division and the
company as a whole,” said CEO Greg Roberts. “We are fortunate to
have someone of Kathleen’s caliber ready to step into this
important leadership position, which is a true testament to Cary’s
commitment to building a deep bench of talent.”
Dickson added: “I am very proud to have been part of
A-Mark’s growth and expansion of the business to where it is today,
and want to thank Greg and the Board of Directors for supporting my
decision. I believe A-Mark is well positioned to make this
transition and that Kathleen is the right candidate to assume the
role of CFO, allowing for continued commitment to quality and
continuity within the finance department.”
Simpson-Taylor was appointed Executive Vice President,
Controller and Assistant Secretary in November 2017, after serving
as Vice President, Controller and Assistant Secretary since January
2016. Prior to A-Mark, Simpson-Taylor held various executive
positions at Mattel, Inc. from 2000 to 2015, including Vice
President, Mattel Division Finance and Vice President, USA Finance,
and served as a member of the Board of Directors of the Mattel
Federal Credit Union from 2002 to 2004. Prior to Mattel,
Simpson-Taylor held management positions at EY (Ernst &
Young).
Simpson-Taylor, a Certified Public Accountant, holds a Bachelor
of Science in Accounting from Loyola Marymount University.
About A-Mark Precious MetalsFounded in 1965,
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading
full-service precious metals trading company and wholesaler of
gold, silver, platinum and palladium bullion and related products.
The company’s global customer base includes sovereign and private
mints, manufacturers and fabricators, refiners, dealers, financial
institutions, industrial users, investors, collectors, and
e-commerce and other retail customers. The company conducts its
operations through three complementary segments: Wholesale Trading
& Ancillary Services, Secured Lending, and Direct Sales.
A-Mark operates several business units in its Wholesale Trading
& Ancillary Services segment, including Industrial, Coin and
Bar, Trading and Finance, Transcontinental Depository Services
(TDS), Logistics, and the Mint (as more fully described below). Its
Industrial unit services manufacturers and fabricators of products
utilizing precious metals, while its Coin and Bar unit deals in
over 200 different products for distribution to dealers and other
qualified purchasers. As a U.S. Mint-authorized purchaser of gold,
silver and platinum coins, A-Mark purchases bullion products
directly from the U.S. Mint for sale to customers. A-Mark also has
distributorships with other sovereign mints, including Australia,
Austria, Canada, China, Mexico, South Africa and the United
Kingdom. Through its TDS subsidiary, A-Mark provides customers with
a variety of managed storage options for precious metals worldwide.
Through its A-M Global Logistics subsidiary, A-Mark provides
customers an array of complementary services, including receiving,
handling, inventorying, processing, packaging and shipping of
precious metals and custom coins on a secure basis. A-Mark also
holds a majority stake in a joint venture that owns the minting
operations known as SilverTowne Mint (Mint), which designs and
produces minted silver products which provide greater product
selection to customers, price stability within the supply chain as
well as more secured access to silver during volatile market
environments.
The company operates its Secured Lending segment through its
wholly-owned subsidiaries, Collateral Finance Corporation (CFC) and
AM Capital Funding, LLC (AMCF). Founded in 2005, CFC is a
California licensed finance lender that originates and acquires
loans secured by bullion and numismatic coins. Its customers
include coin and precious metal dealers, investors, and collectors.
AMFC was formed in 2018 for the purpose of securitizing eligible
secured loans of CFC.
A-Mark operates its Direct Sales segment primarily through its
wholly-owned subsidiary Goldline Inc. (Goldline), a direct retailer
of precious metals for the investor community. Goldline markets
A-Mark’s precious metal products through various channels,
including radio and the Internet.
A-Mark is headquartered in El Segundo, California and with
offices and facilities in Los Angeles, California, Vienna, Austria,
Las Vegas, Nevada, and Winchester, Indiana. For more information,
visit www.amark.com.
Company Contact:Thor Gjerdrum, PresidentA-Mark
Precious Metals, Inc.1-310-587-1414thor@amark.com
Investor Relations Contact:Matt GloverGateway
Investor Relations1-949-574-3860AMRK@gatewayir.com
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