Otelco Inc. Announces New Credit Facility; Appoints New Board Members
The company also appointed new Board Members. Norman C. Frost - Mr. Frost is currently a private investor. He served on the Board of Directors of Iowa Telecom from 2006 until its acquisition by Windstream in 2010. He was a Managing Director of Legg Mason Wood Walker Inc. and head of that firm's Technology sector in the Investment Banking Department from 1998 to 2005. Brian A. Ross - Mr. Ross is currently an independent consultant. Until December 2012, Mr. Ross served as President and CEO of KnowledgeWorks. He serves on the Board of Directors for Alaska Communications where he is a member of the audit committee and is the chairperson of the compensation committee. Gary Sugarman - Mr. Sugarman is Managing Member of Richfield Capital Partners. Over a 20-year period. Mr. Sugarman sits on the board of TDS Telecom and wireline assets; and LICT Corp.