Executive Profile

Albert A. Koch CPA Chief Executive Officer and President, Handleman Company

Age	Total Calculated Compensation	This person is connected to 2 Board Members in 2 different organizations across 8 different industries. See Board Relationships
70	$25,991 As of Fiscal Year 2012

Background

Mr. Albert A. Koch, Al, CPA, has been the President and Chief Executive Officer of Handleman Co. since November 2011. Mr. Koch serves as Vice Chairman and Managing Director of AlixPartners, LLC in the Turnaround and Restructuring Practice. Mr. Koch joined AlixPartners in 1995 and works from the Southfield, Michigan office. As one of the senior most members of AlixPartners, he has led a wide range of successful turnaround and restructuring engagements, including: assisting ... the AlixPartners team in the restructuring of Eastman Kodak Company. He serves as Treasurer of American College of Bankruptcy. He served as Vice Chairman and Managing Director of Questor Management Company and Questor Partners Fund II, L.P. He served as the Chief Executive Officer and President of Motors Liquidation Company (formerly known as General Motors Corp. or Old GM) since July 2009 and served as its Chief Restructuring Officer since June 8, 2009. At Motors Liquidation Co., he was responsible for winding down the assets and liabilities of Old GM in a way that is fair to all constituencies, including creditors, U.S. taxpayers, and the many communities in which hundreds of Old GM properties reside. He served as the Chief Financial Officer of Sears Holdings Corporation until December 1, 2003. He served as the President and Chief Executive Officer of Polar Corporation since 2004. He served as the Chief Executive Officer of Polar Tank Trailer, LLC. He served as Chief Restructuring Officer of General Motors, the largest industrial bankruptcy filing in U.S. history. He was Interim Chief Financial Officer of Kmart Corp. In this position, he provided leadership and credibility to the financial functions, led the development of a multi-year operating business plan, and drove financial performance in conformity with that plan. Mr. Koch served as Chairman, President, and Chief Executive Officer of Champion Enterprises Inc. since July 2003. In those roles, he led a major financial and operational restructuring. He was Interim Chief Financial Officer/Chief Financial Officer of Oxford Health Plans Inc. During a crisis brought on by financial and accounting-systems failure, he led the effort to stabilize its financial functions, create credible reporting, and position Oxford to obtain $710 million of new capital. He served as the Chief Operating Officer of AlixPartners. He also expanded client services, adding a comprehensive bankruptcy administration practice, an information-technology (IT) turnaround practice, and professionals. He was a Partner with Ernst & Young for 14 years, including seven years as Managing Partner of its Detroit office. He served as Chairman of Polar Corporation since 2004. He has been a Director of Numatics, Incorporated since 1990. He is a member of board of directors at American College of Bankruptcy. He served as Lead Director of Tecumseh Products Company since 2004 and served as its Director since August 25, 2004. He served as an Independent Director of SPX Corporation since February 26, 2007. He served as a Director of Champion Enterprises Inc. since 2003 and Motors Liquidation Company since February 17, 2011. He was a trustee of the Bloomfield Hills (Michigan) Board of Education for eight years and also served as a trustee and chairman of the Finance Committee of the Detroit Medical Center, as well as in a variety of board positions at Harper Hospital, Grace Hospital and Detroit Receiving Hospital -- all part of the Detroit Medical Center, a major healthcare system in southeast Michigan. Retailer Merchandiser recognized him as the “Retail Executive of the Year” for his work on the Kmart restructuring. He is a CPA and won the Sells Gold Medal for attaining the highest scores in the United States in that exam. He is a Certified Turnaround Professional and a Fellow of the American College of Bankruptcy. He is a member of the American Bankruptcy Institute, and the American Institute of CPAs. He holds a Bachelor’s Degree in Accounting from Elizabethtown College in Elizabethtown, Pennsylvania.

Corporate Headquarters 500 Kirts Boulevard Troy, Michigan 48084-5225 United States Phone: 248-362-4400 Fax: 248-362-3615 Board Members Memberships Vice Chairman and Managing Director AlixPartners, LLC Vice Chairman and Managing Director Questor Management Company Vice Chairman and Managing Director Questor Partners Fund II, L.P. 1990-Present Director Numatics, Incorporated 2003-N/A Former Chairman, Chief Executive Officer and President Champion Enterprises Inc. 2004-N/A Former Lead Director Tecumseh Products Company 2007-2013 Former Independent Director, Member of Audit Committee and Member of Compensation Committee SPX Corporation 2011-N/A Former President and Director Motors Liquidation Company Education Bachelor's Degree Elizabethtown College Other Affiliations AlixPartners, LLC Questor Management Company Numatics, Incorporated Polar Corporation Ernst & Young LLP Motors Liquidation Company Champion Enterprises Inc. SPX Corporation Tecumseh Products Company Questor Partners Fund II, L.P. Elizabethtown College Polar Tank Trailer, LLC Sears Holdings Corporation

Annual Compensation There is no Annual Compensation data available. Stocks Options All Other Compensation $25,991 Total Compensation Total Annual Cash Compensation $25,991 Other Long Term Compensation $25,991 Total Calculated Compensation $25,991

COMPETITOR COMPENSATION

There is no Competitor Compensation data available.