The estimated Net Worth of Michael S Lipscomb is at least $10.9 Million dollars as of 4 September 2013. Mr. Lipscomb owns over 150,000 units of Altra Industrial Motion Corp stock worth over $10,684,112 and over the last 18 years he sold AIMC stock worth over $0. In addition, he makes $193,750 as Independent Director at Altra Industrial Motion Corp.
Michael has made over 1 trades of the Altra Industrial Motion Corp stock since 2013, according to the Form 4 filled with the SEC. Most recently he bought 150,000 units of AIMC stock worth $2,587,500 on 4 September 2013.
The largest trade he's ever made was buying 150,000 units of Altra Industrial Motion Corp stock on 4 September 2013 worth over $2,587,500. On average, Michael trades about 21,429 units every 0 days since 2006. As of 4 September 2013 he still owns at least 172,380 units of Altra Industrial Motion Corp stock.
You can see the complete history of Mr. Lipscomb stock trades at the bottom of the page.
Michael S. Lipscomb is Independent Director of the Company. Mr. Lipscomb served as Chairman and Chief Executive Officer of SIFCO Inc., a NYSE company in the aerospace business, from January 2015 until retiring from all positions in SIFCO in January 2016 and prior to that served as SIFCO’s Chief Executive Officer starting in 2010, and as a board member starting in 2002. As CEO, Mr. Lipscomb led SIFCO through four acquisitions, a divestiture, and a business closure. These moves resulted in SIFCO becoming a leading precision component supplier to the aerospace and energy markets. Mr. Lipscomb also serves as Managing Partner of GS Capital Investments LLC, owner of Aviation Component Solutions, a company in the aerospace aftermarket business, and JC Carter Nozzles, a supplier of refueling nozzles and other components to the LNG market. Mr. Lipscomb serves as a Board member of both Integrity Organics (2014-present), a green company in the waste reclamation business, and The Ruhlin Company (board member 1996-present, Audit Chair 1996-2004, Compensation Chair 2004-present), an integrated ESOP-owned construction company. Previously, Mr. Lipscomb was a founding partner of Argo-Tech Corp. (1986-2007), where he became CEO in 1990 and Chairman in 1994. As CEO of Argo-Tech he led the company through five bank refinances, three high yield bond offerings and three acquisitions, and successfully managed the sale of the company to Eaton Corporation in March of 2007. During his career, Mr. Lipscomb served as a Managing Director at TRW, and in various operational and engineering management roles at the Utica Tool Company and Dow Chemical.
As the Independent Director of Altra Industrial Motion Corp, the total compensation of Michael Lipscomb at Altra Industrial Motion Corp is $193,750. There are 15 executives at Altra Industrial Motion Corp getting paid more, with Carl Christenson having the highest compensation of $5,625,790.
Michael Lipscomb is 73, he's been the Independent Director of Altra Industrial Motion Corp since 2007. There are no older and 17 younger executives at Altra Industrial Motion Corp.
Michael's mailing address filed with the SEC is SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND, OH, 44103.
Over the last 18 years, insiders at Altra Industrial Motion Corp have traded over $759,786,987 worth of Altra Industrial Motion Corp stock and bought 35,855 units worth $994,233 . The most active insiders traders include Richard D Paterson, Capital Iii, L.P.Genstar Ca..., and Jean Pierre Conte. On average, Altra Industrial Motion Corp executives and independent directors trade stock every 25 days with the average trade being worth of $13,601,201. The most recent stock trade was executed by Craig Schuele on 15 August 2022, trading 2,440 units of AIMC stock currently worth $151,231.
Altra Industrial Motion Corp. is a premier industrial global manufacturer and supplier of highly engineered motion control, automation, power transmission, and engine braking systems and components. Altra's portfolio consists of 27 well-respected brands including Bauer Gear Motor, Boston Gear, Jacobs Vehicle Systems, Kollmorgen, Portescap, Stromag, Svendborg Brakes, TB Wood's, Thomson and Warner Electric. Headquartered in Braintree, Massachusetts. Altra has approximately 9,500 employees and over 50 production facilities in 16 countries around the world.
Altra Industrial Motion Corp executives and other stock owners filed with the SEC include: