WILLIAM J.

KULLBACK
18020 33rd Place North
Plymouth, MN 55447
(612) 237-3117
e-mail: wk81b3ea@westpost.net

CAREER SUMMARY
Twenty-five years in a broad range of financial management roles within mid-size
d to large corporations and in public accounting. Fifteen years as a Chief Fina
ncial Officer, two years as an external director. Significant public and privat
e company leadership experience.

PROFESSIONAL SUMMARY
2008 - 2010 Angeion Corporation St. Paul, MN
Senior Vice President & Chief Financial Officer, Secretary & Treasurer
Responsible for business development, finance, treasury, accounting and reportin
g (SEC), tax, planning, Information Technology and HR activities for this $30 mi
llion publicly traded, multi-national corporation in the medical device industry
. Also responsible for SOX compliance as well as all investor relations activit
ies. Direct reporting responsibility over the procurement and production contro
l functions within the Company as well as all manufacturing operations.

2006 - 2010 Flex Fund Financial Services, LLC Minneapolis, MN

Senior Vice President & Chief Financial Officer, Secretary and Treasurer,
Founding Member of LLC
Responsible for all finance, treasury, accounting and reporting, tax, planning,
information technology, and human resource activities for this newly formed fina
ncial services firm serving the wholesale used vehicle industry. Company was cap
italized with $15 million in venture capital based equity and a $105 million lin
e of credit with Merrill Lynch.
Company wound down due to the recent credit crisis.
2005 - 2006 IntriCon Corporation Minneapolis, MN
Chief Financial Officer, Secretary & Treasurer
Responsible for all finance treasury, accounting and reporting (SEC), tax, plann
ing and Information Technology activities for this $70 million, publicly traded,
multi-national engineering and manufacturing service corporation in the high te
chnology medical device and communications industries. Managed stock from $1.95
price per share on start date to over $7.00 per share in late April, 2006 repre
senting a 260% return to my shareholders.
Left Intricon to co-found Flex Fund Financial Services, LLC
2002 - 2004 MedSource Technologies, Inc. Minneapolis, MN
Senior Vice President & Chief Financial Officer, Secretary & Treasurer
Responsible for all finance, treasury, accounting and reporting (SEC), tax, plan
ning and Information Technology activities of this $185 million, publicly traded
, multi-national engineering and manufacturing service corporation in the high t
echnology medical device industry. Significant accomplishments and responsibili
ties included:
* Managed due diligence activities related to the sale of the Company to the UTI
Corporation for $7.10 per share. Transaction announced on April 28, 2004, clos
ed June 30, 2004.
* 100% success rate on hitting Wall Street expectations. Managed stock from $1.
50 low in early 2003 to $7.10 sale price representing a 373% return to my invest
ors.
* Responsible for implementation of policies and procedures required under the S
arbanes-Oxley Act of 2002. Coordinated a full-time team of three professionals
in preparation for compliance under Section 404; internal control documentation
and compliance.
* Responsible for all Investor Relations activities for the Company. Sell-side
analyst coverage included Morgan Stanley, Bear Stearns, Thomas Weisel Partners,
Needham & Co, Piper Jaffrey, UBS, and First Albany. Regular participation in ke
y investor conferences and quarterly road show activities (at least one trip eas
t and one trip west per quarter).
* Implemented monthly financial reporting package providing feedback and analysi
s to upper management on the state of operations as well as an outlook of expect
ations for the balance of the following two quarters. Responsible for reporting
historical results and future expectations to the Board of Directors and the in
vestment community (via press release and conference call) on a quarterly basis.
* Managed the corporation's Information Technology group comprised of fourteen p
rofessionals. Group activities included the implementation of Oracle IIi throug
hout the Corporation.
* Renegotiated the Corporation's $85 million senior secured credit agreement.
Left MedSource subsequent to sale to UTI.

1999 - 2002 PEMSTAR, Inc. Rochester, MN

Executive Vice President & Chief Financial Officer (2001-2002)
V.P. of Finance & Chief Financial Officer (1999-2001)
Responsible for all finance, treasury, accounting and reporting (SEC), tax, stra
tegic planning and M&A activities of this $700 million, publicly traded, multi-n
ational engineering and manufacturing service corporation in the rapidly expandi
ng Electronic Manufacturing Services (EMS) industry. Significant accomplishment
s and responsibilities included:
* Built Corporate finance and accounting organization to support the operations
of a large publicly traded International Corporation. Upgraded accounting and r
eporting procedures for a swift and accurate financial close involving all entit
ies of the Company (domestic, Mexico, Europe, Asia). Engaged "Big 4" accounting
firm.
* Managed the Corporation's initial public offering in August, 2000 raising $106
million and listing the Company on NASDAQ, symbol PMTR. In-charge of entire pr
ocess from engaging the underwriting team to preparation of initial SEC filings
to participation with CEO on the Roadshow. Deal was three times oversold in a v
ery "choppy" market. Underwriting team included Lehman Brothers, Robertson Step
hens, Chase H&Q and CIBC WorldMarkets.
* Managed for Corporation's follow-on public offering in June 2001 raising $93 m
illion.
* Responsible for all Investor Relations activities. Regular participation in k
ey investor conferences hosted by such firms as Robertson Stephens, J.P. Morgan,
Salomon Smith Barney, Merrill Lynch, Bear Stearns and CSFB.
* Responsible for all banking activities. Successfully renegotiated the Corpora
tion's credit facilities on two separate occasions. Last facility provided for
borrowing of up to $130 million.
* Conducted due diligence activities for several acquisition candidates ranging
in size from $50 million to $500 million. Closed several acquisitions between t
he summer of 2000 and December, 2001.
* Left Pemstar to pursue opportunity at MedSource.

1995 - 1999 Crenlo, Inc. Rochester, MN

Chief Financial Officer
Responsible for all treasury, accounting, tax, credit, strategic planning, benef
it administration and information technology systems activities of this $200 mil
lion, multi-plant manufacturer. Significant accomplishments and responsibilitie
s included:
* Managed October 1999 sale of company coordinating activities of buyers, attorn
eys, and investment bankers (Credit Suisse First Boston).
* Renegotiated the corporation's credit facility with Norwest Bank to provide en
hanced flexibility through utilization of LIBOR rates and less restrictive finan
cial covenants.
* Redesigned the corporation's insurance program resulting in enhanced coverage,
improved cash flow and an immediate savings of $250,000 per year.
* Instituted cash management practices providing an ability to manage and more e
ffectively utilize excess funds.
* Implemented analytical techniques resulting in improved cash flow through oper
ating and capital lease scenarios vs. outright purchase of capital equipment.
* Project manager role for an information systems implementation of an ERP manuf
acturing system - $8 million budget.
* Streamlined the financial close process cutting seven workdays out of the mont
hly close cycle and several weeks off of year-end.
* Left Crenlo subsequent to sale to the Dover Corporation.

1990-1995 Stant Corporation (& Predecessor Companies)

Vice President of Finance, Plews Division (1994-1995) Minneapolis, MN
Managed treasury, accounting, credit and information systems departments for thi
s manufacturer and distributor with two domestic and two Mexican facilities. Si
gnificant accomplishments and responsibilities included:
* Managed due diligence and post acquisition transition issues for the corporate
office at newly acquired Trico Products Corporation (a $350 million manufacture
r of windshield wipers and related systems).
* Engineered division's cost reduction campaign netting $1.4 million in annualiz
ed savings.
* Developed plan to close one of two Mexican operating facilities resulting in $
350,000 in annual savings.
Corporate Controller (1990-1994) Chicago, IL, Richmond, IN
Established corporate treasury, tax and accounting functions for newly organized
corporate office. Managed relationships with lending syndicate and external au
dit firm. Significant accomplishments and responsibilities included:
* Played a primary role in the corporation's Initial Public Offering which was c
ompleted in mid-1993 (with Morgan Stanley). Participated in Roadshow and establ
ished procedures and practices for Securities and Exchange Commission reporting.
$100 million raised in offering.
* Maintained an $80 million line of credit with a lending syndicate comprised of
four banks (including Heller Financial, Chicago).
* Negotiated and maintained a $130 million and $175 million line of credit with
a lending syndicate comprised of ten banks (including Chemical, NBD, Harris, Mel
lon Bank). Finds subsequently utilized in two acquisitions.
* Played the lead role in the due diligence and subsequent acquisition of a manu
facturing firm with plants is Ohio, Mississippi, Texas and Mexico.
* Managed a comprehensive computer information system implementation utilizing A
merican Software manufacturing, order processing and financial applications on t
he IBM AS\400 platform.
* Established daily operating cash management procedures utilizing lockbox, zero
balance, sweep account and other bank products.
Financial Analyst/Asst. Division Controller (1984-1987) Brooklyn, NY, Bri
dgeport, CT
(First Positions out of College)
Various treasury and general accounting responsibilities including accounts rece
ivable, accounts payable, billing and monthly financial closings. Supervised st
aff off five as Assistant Division Controller.

1987 - 1990 Price Waterhouse Hartford, CT

Senior Accountant/Consultant
Experience on a variety of audit and consulting engagements for mid-sized to For
tune 100 clients. Significant accomplishments included:
* Supervised the day-to-day operation of ten audits including a $2 billion divis
ion of a Fortune 100 manufacturing client and a $1.5 billion unit of a $20 billi
on insurance client.
* Participated on the audit team responsible for annual report preparation and 1
0Q and 10K filings for a Fortune 100 client in Hartford, CT.
* Developed a series of recommendations related to cost management practices and
reporting at the Akron, OH headquarters of a Fortune 100 client.

DIRECTORSHIPS
2009 - Pulse Veterinary Technologies Alpharetta, GA
Advisory Board Member for start-up veterinary products Company headquartered in
Alpharetta, GA.
2005 - 2007 Reptron Electronics, Inc. Tampa, FL
External Director and Chairman of the Audit Committee for this $150 million publ
icly traded electronics manufacturing services firm.
Company was sold to the Kimball Electronics Group in February, 2007.
Other - Various non-profits including the Rochester, MN Public Library, and Roch
ester Better Chance.
Also, participation as speaker and panelist at the following two programs:
* Insight and Practical Advice on Drafting Your MD&A - Hosted by Baker Tilly,
January 13, 2010
* Protecting Material Non-Public Information: The Corporation's Viewpoint - Host
ed by Linquist & Vennum, October 14, 2009

EDUCATION
State University of New York at Buffalo Buffalo, NY
M.B.A Accounting, 1984
B.A. Economics, English, 1982

PERSONAL
Married twenty years with three children (19, 18, and 16). Active distance runn
er with thirty-four marathons completed to-date including Boston 2007 through 20
10. Recently qualified for Boston, 2011.