David Penner Email & Phone Number

Coventry, England, GB

Meggitt Safety Systems is an aerospace defense contractor in Simi Valley, CA, primarily focused on fire detector and sensors for aircraft. MSSI is a division of Meggitt PLC, a multinational public company based in the U.K.Currently I am responsible for preparation of the monthly financials, budgets and forecasts. I joined Meggitt as a contractor in April.

Barcelona, Barcelona, ES

• TMB is an international distributor and reseller of lighting and audio equipment to the entertainment production and architectural lighting industry, with revenues of $50 million.
• Sourced new equity and financing for the company
• Managed banking and outside accountant relationships
• Significantly improved quality of financial reporting through staffing changes and review process
• Implemented cash management process
• Established key performance indicators

Fremont, California, US

• Optical Communication Products, with revenues of $70 million, is a leading designer and manufacturer of fiber-optic communication components and sub-systems.
• Prepared 10-Q’s and 10-K, including coordination with external auditors
• Implemented internal management reporting, including providing better insight to customer and product profitability.
• Consolidated financial results for international operations.
• Managed accounting for stock-based compensation under SFAS No. 123(R).
• Managed SOX project for U.S. and Taiwan entities

• Helped design and implement a business control framework across the organization based upon the COSO model.
• Developed Process Control Models to identify key and non-key controls for all processes.
• Helped draft the company’s code of business conduct.
• Created a global Control Environment Questionnaire.
• Facilitated domestic and international senior management risk assessment workshops and training for process owners.
• Implemented and used a web-based SOX tool (BWise) to retain documentation, assessments and reports.

• Annual sales of $20 million
• Helped facilitate sale of Nielsen EDI to ACNielsen in 1997 (subsequently acquired by VNU in 2001).
• Responsible for worldwide financial and administrative operations.
• Implemented new budgetary and financial controls.
• Negotiated office lease, worked with architect and general contractor and coordinated relocation for the company’s Hollywood office
• Restructured the company’s pricing matrix, resulting in a 15% growth in revenues.

• Managed all financial and administrative aspects of Marvel Comic’s domestic licensing, advertising and promotional activities.Vice President & Chief Financial Officer - Malibu Comics Entertainment Inc.
• Responsible for facilitating the sale of Malibu to Marvel Entertainment Group in 1994.
• Responsible for all financial aspects of the Company, including financial reporting, budgeting, financial planning and banking relationships.
• Handled various operational and business functions of Malibu.
• Established and maintained financial policies and procedures, internal controls and financial investment decisions.
• Oversaw office service, payroll and personnel functions.

• A publicly held diversified international entertainment company, including two home video distribution divisions and a specialty retail division, with annual sales of $700+ million.
• Responsible for development and preparation of the company’s strategic and business plans.
• Responsible for public reporting, including preparation of Form 10-K and 10-Q filings, along with annual report to shareholders.
• Integrally involved in Company’s financial restructuring during 1993.
• Coordinated preparation and dissemination of monthly management reports, including data submitted to the Company’s Board of Directors.
• Initiated cash management programs at divisions.

• Handled financial and tax reporting for privately held real estate syndication and asset management company
• Assisted in preparation of private offering circulars.
• Responsible for asset management functions.

• Controller for a publicly traded defense contracting company

Worldwide, OO

• Serviced major defense contracting and real estate clients

Worldwide, OO

B.S., Business Administration

Education record