William (Bill) Abbott

William (Bill) Abbott Email and Phone Number

Fractional CFO and Consultant @ Irvine, CA, US
Irvine, CA, US
William (Bill) Abbott's Location
Irvine, California, United States, United States
About William (Bill) Abbott

Bill AbbottChief Financial Officer (CFO) / VP Finance bill.abbott@cox.net / 949-231-2580 Equipped with over 30 years of experience as a Chief Financial Officer (CFO) / VP Finance including: Medical Device, Technology, Lifesciences, Merges & Acquisitions, Banking, Investor Relations, Stock Offerings, SEC Reporting, and SOX. Strong attributes in Coaching, Mentoring, and Developing people.Major Accomplishments:• Completed sale of Cardiogenesis Corp at a 43% premium to share price to CryoLife, Inc. Managed transition and integration activities to timely combine operations and close California location.• Drove efforts to increase company's cash position from a low of $1.5 million in Q3 2006 to a $3+ million while repaying $1.4 million of debt.• Led, and participated in, due diligence efforts resulting in 8 acquisitions, with an aggregate value of $700M.• Key contributor to a secondary offering of 3.1 M shares of common stock which raised $330M. Wrote financial sections of the S-3 registration statement and coordinated all financial aspects of the offering.• Implemented Sarbanes-Oxley 404 compliant processes and controls for the treasury, credit, and collections, payroll and accounts payable functions.Value Propositions:Known for "Managing Change" coupled with my leadership style. Ability to convey trust & confidence allows me to effectively implement organizational change & viable solutions. This trait has been a key factor in advancing my career.Passion for Coaching, Mentoring, and building highly skilled teams. Using my wide breadth of financial knowledge I create an environment that allows for open dialogue, learning, and professional growth.I am a "Trusted Advisor". My analytical & strategic thought processes coupled with my approachability allows me to provide sound guidance & direction. I enjoy "positively" influencing company performance & achievement of our goals."Finance Leader Driving Positive Change"

William (Bill) Abbott's Current Company Details
Self-employed

Self-Employed

Fractional CFO and Consultant
Irvine, CA, US
William (Bill) Abbott Work Experience Details
  • Self-Employed
    Fractional Cfo And Consultant
    Self-Employed
    Irvine, Ca, Us
  • Devicealliance (Medical Device Professionals Group)
    Member Board Of Directors
    Devicealliance (Medical Device Professionals Group) 2013 - Present
  • Bivacor Inc
    Vice President Finance
    Bivacor Inc Feb 2024 - Sep 2024
    Huntington Beach, California, Us
    Led Finance and Administration for this early-stage developer of a Total Artificial Heart during pre-clinical through Early Feasibility Study/First-in-Human implantation. Hired to prepare/position company for future financings, first external audit, plan for potential IPO.• Prepared company for first ever audit, engaged technical accounting specialists and received proposals from three of the Big 4 firms.• Implemented IT security and training protocols, outsourced IT support.• Managed $14M preferred stock offering and conversion of senior convertible debt.• Negotiated 5-year lease for a state of the art medical device manufacturing and HQ facility based in Irvine, CA.• Led conversion from a PEO (Professional Employer Organization) to a direct employer including rollout of new payroll system, benefit programs, 401(k) Plan and acquiring employer insurance coverages.
  • Bioventrix
    Chief Financial Officer
    Bioventrix Jul 2019 - Jan 2024
    San Ramon, Ca, Us
    BioVentrix is a medical device company whose mission is to improve and expand the treatment available for congestive heart failure (CHF) caused by ischemic cardiomyopathy, through the development of less invasive, catheter-based approaches.• With CEO, led company reorganization and multiple reductions in force, repositioning the company to accelerate FDA trial completion and submission for product approval.• Managed 2023 recapitalization and reverse stock split, combining four classes of equity in new common stock followed by the first $16M of a $48M new preferred stock offering.• Managed three preferred stock offerings and debt offering raising $49M between 2019 and 2022.• Completed acquisition of MateraCor, Inc., owner/licensor of a complimentary therapy.• Launched a German subsidiary and led the process to transfer employees and operational activities.• Led efforts to prepare company for IPO event including engagement of Deloitte LLP, identifying and hiring an outsourced accounting firm, established closing processes, internal controls, policies, procedures and reporting and compliance requirements.• Managed the closure of company’s former headquarters in San Ramon, CA and transfer of assets to new facility in Mansfield, MA.• Established new banking relationships and implemented automated banking processes.• Led automation of accounts payable, expense reporting, HR and benefits enrollment.• Built and maintained data room and initiated corporate governance protocols.
  • Hancock Jaffe Laboratories, Inc. (Nasdaq: Hjli)
    Senior Vice President And Chief Financial Officer (Interim President 2016-2017)
    Hancock Jaffe Laboratories, Inc. (Nasdaq: Hjli) 2016 - 2018
    Early stage developer/manufacturer of bioprosthetic medical devices that establish improved standards of care for the treatment of cardiac and vascular diseases.• Led S-1 Registration process including 7 amendments culminating in a successful Initial Public Offering (IPO) and listing on NASDAQ Capital Market in June 2018• Key contributor and manager of 2 Preferred Stock Offerings and 2 Convertible Debt Offerings• Led company through its first ever audits in preparation for initial public offering• Built data room and instituted corporate governance protocols• Assumed operational leadership role as President upon sudden death of CEO in June 2016 and successfully resolved several corporate governance issues which arose
  • Apollo Medical Holdings, Inc.
    Interim Chief Financial Officer/Vice President Of Finance And Corporate Controller
    Apollo Medical Holdings, Inc. 2014 - 2016
    Led a 6 person accounting and finance team for this $45M integrated healthcare delivery company focused on improving medical outcomes with high-quality, cost-efficient care.• Led S-1 registration statement efforts in conjunction with a $15M capital offering and stock uplisting to Nasdaq Capital Markets.• Integrated financial functions of two recent acquisitions in the Hospice and Home Health markets
  • Wra Consulting
    Cfo/Vp Finance
    Wra Consulting 2011 - 2014
    • Engagements included providing accounting and advisory services to support capital raising efforts, financial analysis to support patent litigation defense and preparation of GAAP financial statements and audit schedules for a company anticipating a public offering
  • Cardiogenesis Corporation
    Senior Vice President Finance & Chief Financial Officer (Cfo)
    Cardiogenesis Corporation 2006 - 2011
    Kennesaw, Georgia, Us
    CFO reporting to the Board of Directors (2006-2009) and CEO (2010-2011) for this $15M developer of surgical products used in the treatment of diffuse coronary artery disease. Led a 10 person team with $4M expense and professional fees budget. Managed finance and accounting, information technologies, customer service, human resources and legal.Responsible for finance and accounting, information technologies, customer service, human resources and legal.Representative Accomplishments• Completed sale of the company at a 43% premium to share price to CryoLife, Inc. (NYSE: CRY). Led due diligence efforts and supported negotiation efforts. Effectively managed transition and integration activities to timely combine operations and close California location.• Resolved issues with the SEC related to certain prior revenue recognition practices• Led efforts to bring the company current in its filings with the SEC (10-K and 10-Q’s)• Achieved a very successful outcome in a mediation with the company’s former CEO• Successfully recruited new members to the Board of Directors• Rebuilt the company’s credibility with key shareholders• Led efforts to reduce the company’s quarterly breakeven revenue from in excess of $5 million to $3 million• Successfully drove efforts to increase the company’s cash position from a low of $1.5 million in Q3 2006 to a $3+ million while repaying $1.4 million of debt
  • Newport Corporation
    Vice President Of Finance / Treasurer
    Newport Corporation 2001 - 2005
    Irvine, Ca, Us
    VP Finance & Treasurer reporting to the CFO for this $400M advanced technology capital equipment manufacturer. Led a 15 person team with a $7M expense and professional fees budget. Managed operational banking, $250M marketable securities portfolio, risk management, global tax planning and compliance, investor relations and credit and collections, payroll and accounts payable.Representative Accomplishments• Led, and participated in, due diligence efforts resulting in 8 acquisitions, with an aggregate value of $700M.• Efficiently integrated the treasury functions of Spectra-Physics, Inc., a $300M acquisition.• Implemented Sarbanes-Oxley 404 compliant processes and controls for the treasury, credit and collections, payroll and accounts payable functions.• Reduced overall bank fees by successful conversion and consolidation of banking relationships, streamlining of banking processes and negotiating new debt facilities with reduced interest rates.• Effectively communicated results of tax and portfolio management initiatives and activities to Board of Directors and Board Committees.• Successfully reorganized treasury function reducing headcount while maintaining service levels to address contraction of business activity and subleased several abandoned facilities saving $3.7M of lease costs.• Effectively interacted with shareholders and stock research analysts during a period of significant stock price fluctuation and business contraction.
  • Newport Corporation
    Vice President / Corporate Controller
    Newport Corporation 1997 - 2001
    Irvine, Ca, Us
    VP and Corporate Controller reporting to the CFO. Managed a 20 person team with expenditures of $3.5M. Accountable for financial reporting, external audit coordination, operating and strategic plans, SEC reporting and tax planning and compliance. Representative Accomplishments• Key contributor to a secondary offering of 3.1M shares of common stock which raised $330M. Wrote financial sections of the S-3 registration statement and coordinated all financial aspects of the offering.• Efficiently managed multiple federal and state tax audits and negotiated over $1M of assessment reductions.• Identified $3M of tax savings and led projects resulting in excess of $10M of overall tax benefits.• Reduced the accounting close cycle from 7 to 5 days and developed monthly reporting package to provide timely financial and operational information.• Implemented new financial account structure to streamline reporting and enhance consistency of informational reporting across all entities.
  • Amcor Packaging Distribution (Formerly Sunclipse, Inc.)
    Vice President Finance / Corporate Controller
    Amcor Packaging Distribution (Formerly Sunclipse, Inc.) 1993 - 1997
    VP & Corporate Controller for this $800M manufacturer/distributor of industrial packaging materials. Subsidiary of Amcor Limited, a $7B global packaging company. Managed a 14 person team. Responsible for US and Australian GAAP reporting, budgeting, forecasting, coordination of external audit and tax compliance, insurance, banking relationships, and coordination of the financial activities for 9 manufacturing and 16 distribution facilities.Representative Accomplishments• Negotiated substantial assessment reductions from Federal income tax, employment tax and state sales and use tax audits.• Managed implementation of new systems (JD Edwards general ledger, accounts payable and fixed assets), which produced greater efficiency in financial reporting and analysis.• Led departmental reorganization upgrading certain positions and personnel to produce a more responsive and effective finance group.
  • Coca-Cola Enterprises
    Director Of Financial Planning
    Coca-Cola Enterprises 1991 - 1992
    Uxbridge, West London, Gb
  • Mckesson Water Products Company (Sparkletts)
    Controller
    Mckesson Water Products Company (Sparkletts) 1988 - 1991
  • Pepsico
    Various Financial Management Positions
    Pepsico 1983 - 1988
    Purchase, New York, Us

William (Bill) Abbott Skills

Mergers And Acquisitions Financial Analysis Forecasting Financial Reporting Due Diligence Strategic Planning Finance Risk Management Internal Controls Budgets Accounting Process Improvement Sec Filings Financial Modeling Leadership Strategic Financial Planning Strategy Mergers Manufacturing Executive Management Auditing Managerial Finance Analysis Investor Relations Start Ups Change Management Sarbanes Oxley Act Banking Cross Functional Team Leadership Acquisition Integration Medical Devices Lifesciences Sox 404 Financial Planning Chief Financial Officer Restructuring Budget Technology Stock Offerings Coach And Mentor Life Sciences Cost Accounting Cfo Vp Finance

William (Bill) Abbott Education Details

  • Pepperdine University
    Pepperdine University
    Mba
  • Fairfield University
    Fairfield University
    Accounting

Frequently Asked Questions about William (Bill) Abbott

What company does William (Bill) Abbott work for?

William (Bill) Abbott works for Self-Employed

What is William (Bill) Abbott's role at the current company?

William (Bill) Abbott's current role is Fractional CFO and Consultant.

What is William (Bill) Abbott's email address?

William (Bill) Abbott's email address is wi****@****ico.com

What is William (Bill) Abbott's direct phone number?

William (Bill) Abbott's direct phone number is +194925*****

What schools did William (Bill) Abbott attend?

William (Bill) Abbott attended Pepperdine University, Fairfield University.

What are some of William (Bill) Abbott's interests?

William (Bill) Abbott has interest in Banking, Technology, Tax Planning, Sec Reporting, Golf, Financial Planning, Personal Interests, Forecasting, Process Improvement, Investor Relations.

What skills is William (Bill) Abbott known for?

William (Bill) Abbott has skills like Mergers And Acquisitions, Financial Analysis, Forecasting, Financial Reporting, Due Diligence, Strategic Planning, Finance, Risk Management, Internal Controls, Budgets, Accounting, Process Improvement.

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