Jeremy Hobbs - AMCON Distributing Independent Director

DIT Stock  USD 134.82  6.19  4.81%   

Director

Mr. Jeremy W. Hobbs is Independent Director of the Company. He is the Executive Director of Western Wind Foundation. Mr. Hobbs also is President and Chief Executive Officer of Draupnir, LLC, and also serves on the Board of Eastek Holdings, LLC, a private manufacturing company. He served as a founding member and executive officer of Draupnir, LLC from 2002 through December 2005. From 1987 to 2002, Mr. Hobbs was an attorney in the law firm of Krasnow, Cornbath and Hobbs in Chicago, Illinois where he served as managing partner from 1997 to 2002 since 2006.
Age 57
Tenure 18 years
Address 7405 Irvington Road, Omaha, NE, United States, 68122
Phone402 331 3727
Webhttps://www.amcon.com
Hobbs brings with him a wealth of legal experience and expertise that has benefitted our board on a variety of matters, including litigation, regulatory oversight and financial disclosure. These factors together with his familiarity with our company resulting from numerous years of service on our board led to the conclusion that he should serve on our board .

AMCON Distributing Management Efficiency

The company has Return on Asset of 0.0305 % which means that on every $100 spent on assets, it made $0.0305 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0377 %, implying that it generated $0.0377 on every 100 dollars invested. AMCON Distributing's management efficiency ratios could be used to measure how well AMCON Distributing manages its routine affairs as well as how well it operates its assets and liabilities. At this time, AMCON Distributing's Return On Tangible Assets are comparatively stable compared to the past year. Return On Equity is likely to gain to 0.05 in 2024, whereas Return On Capital Employed is likely to drop 0.06 in 2024. At this time, AMCON Distributing's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 392.8 M in 2024, whereas Change To Liabilities is likely to drop slightly above 284.2 K in 2024.
AMCON Distributing has 168.84 M in debt with debt to equity (D/E) ratio of 1.36, which is OK given its current industry classification. AMCON Distributing has a current ratio of 3.12, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for AMCON to invest in growth at high rates of return.

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AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. AMCON Distributing Company was incorporated in 1986 and is based in Omaha, Nebraska. Amcon Distributing operates under Food Distribution classification in the United States and is traded on AMEX Exchange. It employs 749 people. AMCON Distributing (DIT) is traded on NYSE MKT Exchange in USA. It is located in 7405 Irvington Road, Omaha, NE, United States, 68122 and employs 1,362 people. AMCON Distributing is listed under Distributors category by Fama And French industry classification.

Management Performance

AMCON Distributing Leadership Team

Elected by the shareholders, the AMCON Distributing's board of directors comprises two types of representatives: AMCON Distributing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AMCON. The board's role is to monitor AMCON Distributing's management team and ensure that shareholders' interests are well served. AMCON Distributing's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AMCON Distributing's outside directors are responsible for providing unbiased perspectives on the board's policies.
Timothy Pestotnik, Lead Independent Director
Charles Schmaderer, Chief Financial Officer, Vice President, Corporate Controller, Secretary
Raymond Bentele, Independent Director
Christopher Atayan, Chairman of the Board, Chief Executive Officer, Director
Jeremy Hobbs, Independent Director
John Loyack, Independent Director
Stanley Mayer, Independent Director
Philip Campbell, Senior Compliance
Andrew Plummer, President, Chief Financial Officer, Chief Operating Officer, Secretary, Director

AMCON Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is AMCON Distributing a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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