Properties
We do not own any real estate or other physical properties materially important to our operations. Our executive office is located at 471 McLaws Circle, Suite A, Williamsburg, Virginia 23185.
We lease hangar and additional office space at 2080 Airport Drive, San Marcos, Texas 78666.
We consider our current office and hangar space adequate for our current operations.
Legal Proceedings
To the knowledge of our management, there are no material legal proceedings currently pending or contemplated against us, any of our officers or directors as such or against any of our property. In February 2017, a lawsuit was filed by a former counterparty of certain businesses affiliated with our CEO, Benjamin Scott Terry, and one of our Board members, John G. Gulbin III, against such businesses and individuals, alleging claims for damages in the approximate total amount of $10 million. Tempus Applied Solutions Holdings, Inc., was also named as a defendant in that suit. We do not believe that the allegations in the complaint involve us in any way, and we expect the suit against us to be abandoned or dismissed. However, there can be no assurance as to the outcome of this matter.
MANAGEMENT
Directors and Executive Officers
We currently have one director and two executive officers:
Name
Age
Position
Benjamin Scott Terry (a)
51
Chief Executive Officer and Director
Johan Aksel Bergendorff
39
Chief Financial Officer
(a)
Class III director (to serve until the third annual meeting of stockholders following the Business Combination).
Benjamin Scott Terry has served as our Chief Executive Officer since the closing of the Business Combination. Prior to the closing of the Business Combination, Mr. Terry served as Chief Executive Officer of Tempus since December 2014. Mr. Terry founded Tempus after 22 years of experience in U.S. government and corporate aviation. A former naval aviator, Mr. Terry has a strong track record of success while holding executive positions at Merrill Lynch & Co., Flight International, Inc., and Bombardier Aerospace. He has an undergraduate degree in Economics and an MBA from Boston University. Additionally, he completed a postgraduate study program in International Law from the University of London. Prior to returning to the United States to continue his career in aviation, Mr. Terry was admitted as a Ph.D. candidate in Finance and Trade at City University Business School in London. Mr. Terry is well qualified to serve on our board of directors due to his background in aviation and aviation services and his executive experience.
Johan Aksel Bergendorff was named Chief Financial Officer of the Company effective June 11, 2017, following the departure of Steven Bush from that position. Mr Bergendorff started his career with Ernst & Young before he joined PricewaterhouseCoopers (“PwC”), where he spent four years in Copenhagen, Denmark, before relocating to London in 2010. In 2014, he left PwC to join an international Corporate Finance boutique, as senior M&A advisor. Mr Bergendorff works as Manager of Tempus Intermediate Holdings and as a full time consultant for Jet Support Services Ltd, an affiliate of Santiago Business Co. International Ltd., and other companies under common control with the Company. Mr Bergendorff holds a B.Sc. in Mathematics & Economics and an M.Sc. in Audit & Accounting, both from Copenhagen Business School, Denmark. In addition, he is a CFA charterholder.
