KRISTOPHER SCHMIDT (K.T.)
       th
2467 79 St. E.                                                                               Cell: 612-239-5487
Inver Grove Height, MN 55076-2831                                                     Email: ktschmidt@yahoo.com



SKILLSET

      Business and strategy focused commercial lawyer
      Operational excellence in technology companies / COO / VP HR - IT - OD / GC
      M&A and IPO
      Change Management / Turnaround Management / Operations Design / Business Analytics
      Managing through legal and HR challenges of complex restructuring

EDUCATION

       M.A., Adler Graduate School
       Certificate, Human & Organization Development, Adler Graduate School
       J.D., Washington University in St. Louis
       B.A., Economics, Northwestern University

EXPERIENCE

International Decision Systems, Inc.                                                                  2005 – present
General Counsel, VP of I.T. & H.R., Corporate Secretary

       Hired as corporate counsel, almost immediately promoted by the CEO to senior operational responsibilities
       over special projects, human resources, and IT, in addition to serving as the company’s general counsel
       during a period of significant challenge and activity. Report to the CEO and COO/CFO, key member of
       strategy team. CEO relies on me for execution and problem solving (see next page).

       International Decision Systems is a global market leader B2B software provider in the financial services
       space. It specializes in robust software and services for managing the complexities of equipment leasing and
       lending, including innovative decision systems for credit origination and a suite of back-office systems to
       manage lease and loan administration. IDS has 5 distinct product lines, its software operates in 34 countries,
       composed of a global team of 395 engineers and professionals (at peak) located in Minneapolis, London,
       Bangalore, Sydney and Singapore.

       Sample operational contributions:

           Rearchitected the entire Legal, HR and IT departments. Replaced a hodgepodge of ad hoc practices with
            policies, data flows and reporting structures, written standard operating procedures (SOPs), template
            statements of work (SOWs), global HR practices that were customizable to local law. Consolidated HR
            from five regional offices to one at HQ. Set enterprise-wide technology platform with scheduled
            maintenance/evolution/upgrade policies. Outsourced and re-insourced key IT functions based on
            analytics. Reduced staff by more than two-thirds and improved functionality exponentially. Sample:
            reduced time to set up a company server from 6 weeks to 1 hour. Operations are designed to be nimble
            and scalable in both directions.

           In response to global market conditions, directed three restructurings in Europe and India, a difficult HR
            environment, without a single lawsuit, and several rounds of staffing adjustments in the U.S., also
K.T. SCHMIDT, resume, page 2 of 3


          without a single lawsuit. Developed a retention system for the operational teams to identify and retain
          critical employees. Co-presented with the CEO to the Board about our roadmap for downsizing,
          designed to protect the core assets of the company and position the company to scale up when the
          market returns, which is now underway. Represented the company to key accounts and industry trade
          group leaders to manage and control our image.

         Managed complex domestic and international real estate, litigation and transactional issues.

      Sample special projects contributions:

         To resolve a dispute with a venture partner, flew to India on short notice to establish a back-office
          development function. Literally forced the contractor to honor our IP rights, open a physical office, and
          hire IT professionals to get started on our project. In two weeks, set up vendor relations with IBM India,
          hired a local director of HR and a controller, and on-boarded our first 8 programming employees. This
          over time scaled up to 150.

         Rescued disposition of a legacy IP product to a UK buyer, an asset management system that had
          consistently lost money for us due to development problems and failure to dominate its niche. The UK
          buyer made eleventh hour demands for due diligence documentation the company did not possess. I
          went to the buyer’s office and home, and over one visit was able to reassure the buyer and close the
          transaction.

         When one of the largest multinational bought a portfolio from one of the 5 largest banks in the world
          operating on our S/W platform, they tried to lowball IDS on a bridge license agreement until they could
          integrate the portfolio into their own systems. Developed our legal strategy, secured outside litigation
          counsel in NY, and pushed $1 million offer to $7.8 million for a temporary license.

         In the middle of the financial crisis, one of the largest independent financing companies in the world
          wanted to back out of or renegotiate an enterprise agreement for a global replacement of their front-end
          lease origination system. The CEO charged me to save the deal, and I was able to bring on a multi-
          disciplinary team including a California-based tech licensing team that closed the agreement.

         Numerous other examples, details on interview.

      Sample M&A and transactional contributions:

         In collaboration with the CEO and the owning PE group, and concurrent with daily operating and
          strategic concerns outlined above, put the company forward in a series of offerings to maximize value
          for the investors. Prepared due diligence, road shows, disclosures and memoranda, and supported
          negotiations for a series of transactions:

             -   Explored a Special Purpose Acquisition Corporation (SPAC) formed for the specific goal of
                 acquiring IDS for an IPO. The PE group ultimately declined this deal.

             -   Negotiated and supported an agreement with investment bankers Jefferies & Co. to shop the
                 company to a global M&A audience. Final negotiations not successful because acquiring party
                 focused on a competing acquisition target.
K.T. SCHMIDT, resume, page 3 of 3



              -    Provided legal support and banker negotiations to recapitalize the company. Structured
                   agreements with Goldman Sachs and Wells Fargo to place $85+ million in debt.

              -    Worked with Thomas Weisel Partners, Piper Jaffray, Baird & Co, and Needham & Co. as
                   advisors to prepare for our own IPO, filed S-1, completed other SEC approvals, built the road
                   show, and were poised to launch when the IPO market folded in 2008.

Purpocity, LLC                                                                                      2004
OD & HR Consultant

       Organizational, legal and educational consultant to national franchisee, non-profit foundation and medical
       practices providing services of EEO compliance, employee motivation and compensation, employee non-
       competes, and other labor/executive employment issues.

American Express                                                                                    2003
Attorney

       Drafted and negotiated master license, maintenance, service and service level agreements on temporary
       assignment within the procurement department of American Express Financial Advisors.

Intraspect Software                                                                                 2000 - 2002
Director, Information Technology

       Reported to the CFO, responsible for review and negotiation of technology contracts to establish financial
       controls over expenditures, maximize investment opportunities, preserve capital, and maintain operations.

Saint Louis University School of Law                                                                1999 - 2000
Assistant Dean of Information Technology

       Hired to establish new IT department within the law school. Set standards for procurement/launch/
       evolution. Structured staffing plan and organized new department out of new and existing staff.

LICENSURE              Admitted to the Bar, State Bar of Minnesota (active)
                       Admitted to the Bar, State Bar of Wisconsin (active)
                       Admitted to the Bar, State Bar of Missouri (inactive)
                       Admitted to the Bar, State Bar of Illinois (inactive)

AWARD                  International Academy of Trial Lawyers Award

K.T. Schmidt resume

  • 1.
    KRISTOPHER SCHMIDT (K.T.) th 2467 79 St. E. Cell: 612-239-5487 Inver Grove Height, MN 55076-2831 Email: ktschmidt@yahoo.com SKILLSET  Business and strategy focused commercial lawyer  Operational excellence in technology companies / COO / VP HR - IT - OD / GC  M&A and IPO  Change Management / Turnaround Management / Operations Design / Business Analytics  Managing through legal and HR challenges of complex restructuring EDUCATION M.A., Adler Graduate School Certificate, Human & Organization Development, Adler Graduate School J.D., Washington University in St. Louis B.A., Economics, Northwestern University EXPERIENCE International Decision Systems, Inc. 2005 – present General Counsel, VP of I.T. & H.R., Corporate Secretary Hired as corporate counsel, almost immediately promoted by the CEO to senior operational responsibilities over special projects, human resources, and IT, in addition to serving as the company’s general counsel during a period of significant challenge and activity. Report to the CEO and COO/CFO, key member of strategy team. CEO relies on me for execution and problem solving (see next page). International Decision Systems is a global market leader B2B software provider in the financial services space. It specializes in robust software and services for managing the complexities of equipment leasing and lending, including innovative decision systems for credit origination and a suite of back-office systems to manage lease and loan administration. IDS has 5 distinct product lines, its software operates in 34 countries, composed of a global team of 395 engineers and professionals (at peak) located in Minneapolis, London, Bangalore, Sydney and Singapore. Sample operational contributions:  Rearchitected the entire Legal, HR and IT departments. Replaced a hodgepodge of ad hoc practices with policies, data flows and reporting structures, written standard operating procedures (SOPs), template statements of work (SOWs), global HR practices that were customizable to local law. Consolidated HR from five regional offices to one at HQ. Set enterprise-wide technology platform with scheduled maintenance/evolution/upgrade policies. Outsourced and re-insourced key IT functions based on analytics. Reduced staff by more than two-thirds and improved functionality exponentially. Sample: reduced time to set up a company server from 6 weeks to 1 hour. Operations are designed to be nimble and scalable in both directions.  In response to global market conditions, directed three restructurings in Europe and India, a difficult HR environment, without a single lawsuit, and several rounds of staffing adjustments in the U.S., also
  • 2.
    K.T. SCHMIDT, resume,page 2 of 3 without a single lawsuit. Developed a retention system for the operational teams to identify and retain critical employees. Co-presented with the CEO to the Board about our roadmap for downsizing, designed to protect the core assets of the company and position the company to scale up when the market returns, which is now underway. Represented the company to key accounts and industry trade group leaders to manage and control our image.  Managed complex domestic and international real estate, litigation and transactional issues. Sample special projects contributions:  To resolve a dispute with a venture partner, flew to India on short notice to establish a back-office development function. Literally forced the contractor to honor our IP rights, open a physical office, and hire IT professionals to get started on our project. In two weeks, set up vendor relations with IBM India, hired a local director of HR and a controller, and on-boarded our first 8 programming employees. This over time scaled up to 150.  Rescued disposition of a legacy IP product to a UK buyer, an asset management system that had consistently lost money for us due to development problems and failure to dominate its niche. The UK buyer made eleventh hour demands for due diligence documentation the company did not possess. I went to the buyer’s office and home, and over one visit was able to reassure the buyer and close the transaction.  When one of the largest multinational bought a portfolio from one of the 5 largest banks in the world operating on our S/W platform, they tried to lowball IDS on a bridge license agreement until they could integrate the portfolio into their own systems. Developed our legal strategy, secured outside litigation counsel in NY, and pushed $1 million offer to $7.8 million for a temporary license.  In the middle of the financial crisis, one of the largest independent financing companies in the world wanted to back out of or renegotiate an enterprise agreement for a global replacement of their front-end lease origination system. The CEO charged me to save the deal, and I was able to bring on a multi- disciplinary team including a California-based tech licensing team that closed the agreement.  Numerous other examples, details on interview. Sample M&A and transactional contributions:  In collaboration with the CEO and the owning PE group, and concurrent with daily operating and strategic concerns outlined above, put the company forward in a series of offerings to maximize value for the investors. Prepared due diligence, road shows, disclosures and memoranda, and supported negotiations for a series of transactions: - Explored a Special Purpose Acquisition Corporation (SPAC) formed for the specific goal of acquiring IDS for an IPO. The PE group ultimately declined this deal. - Negotiated and supported an agreement with investment bankers Jefferies & Co. to shop the company to a global M&A audience. Final negotiations not successful because acquiring party focused on a competing acquisition target.
  • 3.
    K.T. SCHMIDT, resume,page 3 of 3 - Provided legal support and banker negotiations to recapitalize the company. Structured agreements with Goldman Sachs and Wells Fargo to place $85+ million in debt. - Worked with Thomas Weisel Partners, Piper Jaffray, Baird & Co, and Needham & Co. as advisors to prepare for our own IPO, filed S-1, completed other SEC approvals, built the road show, and were poised to launch when the IPO market folded in 2008. Purpocity, LLC 2004 OD & HR Consultant Organizational, legal and educational consultant to national franchisee, non-profit foundation and medical practices providing services of EEO compliance, employee motivation and compensation, employee non- competes, and other labor/executive employment issues. American Express 2003 Attorney Drafted and negotiated master license, maintenance, service and service level agreements on temporary assignment within the procurement department of American Express Financial Advisors. Intraspect Software 2000 - 2002 Director, Information Technology Reported to the CFO, responsible for review and negotiation of technology contracts to establish financial controls over expenditures, maximize investment opportunities, preserve capital, and maintain operations. Saint Louis University School of Law 1999 - 2000 Assistant Dean of Information Technology Hired to establish new IT department within the law school. Set standards for procurement/launch/ evolution. Structured staffing plan and organized new department out of new and existing staff. LICENSURE Admitted to the Bar, State Bar of Minnesota (active) Admitted to the Bar, State Bar of Wisconsin (active) Admitted to the Bar, State Bar of Missouri (inactive) Admitted to the Bar, State Bar of Illinois (inactive) AWARD International Academy of Trial Lawyers Award