NETE NASDAQ

Corporate Governance

The Board of Directors of Net Element (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.
Corporate Governance Documents View
Code of Ethics and Business Conduct
Audit Committee Charter
Nominating and Corporate Governance Committee Charter
Compensation Committee Charter

Board of Directors

  • Kenges Rakishev

    Chairman
  • Oleg Firer

    Chief Executive Officer and Director
  • David Kelley II

    Director
  • Drew Freeman

    Director
  • William Healy

    Director
  • James Caan

    Director

Kenges Rakishev - Chairman

Mr. Rakishev has been a director of the Company and Chairman of the Company’s Board of Directors since October 2, 2012. Mr. Rakishev served as a director of the Company’s predecessor, Net Element, from April 23, 2012 until October 2, 2012. Mr. Rakishev is one of the Forbes Top 15 wealthiest, most influential and progressive business leaders of the Republic of Kazakhstan with significant investments in banking, finance, insurance, information technology, oil & gas, mining, manufacturing and retail business sectors worldwide. Mr. Rakishev is a large shareholder and member of the board of the largest bank in Kazakhstan, Kazkommertsbank (KASE: KKGB), with over US$250 billion in total assets, large shareholder and Chairman of SAT & Company (KASE: SATC), a diversified industrial holding, among his numerous other investments. Throughout his career, Kenges has served in several notable positions in the public sector including Vice-President of the Union of Chambers of Commerce of the Republic of Kazakhstan, Vice-President of The Boxing Association of Republic of Kazakhstan and Vice-President of the Asian Boxing Confederation. Mr. Rakishev holds a B.A. (Law) from the Kazakh State Law Academy and a B.A. (International Economics) from the Kazakh Economic University. Mr. Rakishev also has an AMP Diploma from Oxford University. We believe that Mr. Rakishev’s international business leadership and relationships, combined with his extensive knowledge and unique perspectives of global business opportunities, qualifies him to serve as a Director of the Company.

Oleg Firer - Chief Executive Officer and Director

As Chief Executive Officer at Net Element, Mr. Firer is responsible for the overall vision, strategy and execution of company's mission of powering global commerce. Before taking on his current position, Mr. Firer served as Executive Chairman of Unified Payments and has led the company from its inception until its acquisition by TOT Group in April of 2013. Under his leadership, Unified Payments' revenues grew by 23,646% over 3 year period and the company was ranked as #1 fastest-growing company by Inc. Magazine in 2012. Prior to Unified Payments, Mr. Firer held senior executive positions in private equity, payment processing, wireless communications and technology companies. Mr. Firer was recognized by Forbes as one of the 5 Incredible Enterpreneurs and by Business Leader Magazine as a Top Enterpreneur in South Florida, named by Poder Magazine as one of the Most Influential People in Miami and recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Mr. Firer serves as a board member of Net Element, TOT Group's parent company and a member of the Electronic Transactions Association (ETA) Mobile Payments, ISO Practices and Risk, Fraud & Security committees. Mr. Firer supports the initiatives of the Firer Family Charitable Foundation, the charitable family fund focused on helping families and children in need.

David Kelley II - Director

Mr. Kelley has served as a director of the Company since August 2010.  Mr. Kelley is a partner of Zenith Capital Partners, LLC, a private equity firm located in New York, where he has served since 2006, and a founding partner of Andover Partners Strategic Security Solutions, LLC (AP-S3, LLC), a security and intelligence consulting firm, where he has served since December 2009.  From 1985 to 1988, Mr. Kelley was a tax lawyer in the law firm of Brown and Wood located in New York.  From 1988 to 1991, Mr. Kelley worked at Merrill Lynch in New York, where he was promoted to a Director of the Global Swap Group.  From 1991 to 1994, Mr. Kelley was a Managing Director at UBS Securities in New York, in charge of the U.S. Structured Products Group.  From 1994 to 1998, Mr. Kelley was a Managing Director and Head of the Global Structured Products Group at Deutsche Bank Securities in New York.  From 1998 to 2006, Mr. Kelley was a Managing Director of Integrated Capital Associates, a private equity firm located in New York.  Mr. Kelley is currently a Director of the Apex-Guotai Junan Greater China Fund, headquartered in Hong Kong.  Mr. Kelley graduated from Emory University with a BA degree in 1979.  He graduated with a J.D. degree from Temple University School of Law in 1983, and he received an L.L.M. in Taxation from New York University School of Law in 1985.

Drew Freeman - Director

Mr. Freeman is an accomplished industry veteran with more than 30 years of electronic payments and merchant services industry experience. His experience includes extensive work with agent banks, referral banks, direct sales, software integration, internet sales, dining programs, American Express, Diners Club, Discover Card, JCB and ISO/MSP programs. Mr. Freeman is currently the President of Freeman Consulting, Inc., a payments consulting firm that works with private equity groups and independent sales organizations. Prior to that, Mr. Freeman served as President of Merchant Data Systems from 2009 to 2013, Group Executive at Chase Paymentech from 2006 to 2007, and Executive Vice President at JP Morgan Chase-First Data JV (Chase Merchant Services) from 2000 to 2006.  Mr. Freeman earned a bachelor of business administration degree from the University of Miami.

William Healy - Director

Mr. Healy is an accomplished financial services industry veteran with more than 24 years of merchant financing and electronic payments industry experience. Mr. Healy is currently the President of Funds4Growth, a leading investment firm focused on financing of payment service providers in the United States. Since launching Funds4Growth, Mr. Healy has successfully structured and financed in excess of $150 million in merchant base loans. Prior to his tenure at Funds4Growth, Mr. Healy founded MBF Leasing, LLC in November of 2003, where he was responsible for strategic planning along with the financial and operational management of MBF Leasing. Prior to that, Mr. Healy spent 13 years with the CIT Group, Inc. (NYSE: CIT), where he was the President of CIT's Lease Finance Group out of Chicago, Illinois, overseeing more than 150 employees involved in over 225,000 leasing transactions, and in excess of $125 million in merchant base financings. Prior to joining CIT, Mr. Healy held several senior level positions with NewCourt Financial, including Chief Operating Officer of the Specialty Finance Division. He is a graduate of the University of Notre Dame with a Bachelor's degree in Accounting.

James Caan - Director

Mr. Caan has been a director of the Company since October 2, 2012.  Mr. Caan served as a director of the Company’s predecessor, Net Element, Inc., from January 1, 2011 until October 2, 2012.  Mr. Caan also has been Chairman of the Advisory Board of Openfilm since October 12, 2009.  Pursuant to Mr. Caan’s advisory agreement with Openfilm, Mr. Zoi and Mr. Kozko are obligated to vote their shares in the Company in favor of Mr. Caan as a director of the Company until December 14, 2013.  Mr. Caan is an actor and director, having worked in the film and television industries for over 40 years, and he is one of the entertainment industry’s most renowned talents, having starred in over 80 films.

Committee Members

Audit Nominating and Governance Compensation

Mr. Rakishev has been a director of the Company and Chairman of the Company’s Board of Directors since October 2, 2012. Mr. Rakishev served as a director of the Company’s predecessor, Net Element, from April 23, 2012 until October 2, 2012. Mr. Rakishev is one of the Forbes Top 15 wealthiest, most influential and progressive business leaders of the Republic of Kazakhstan with significant investments in banking, finance, insurance, information technology, oil & gas, mining, manufacturing and retail business sectors worldwide. Mr. Rakishev is a large shareholder and member of the board of the largest bank in Kazakhstan, Kazkommertsbank (KASE: KKGB), with over US$250 billion in total assets, large shareholder and Chairman of SAT & Company (KASE: SATC), a diversified industrial holding, among his numerous other investments. Throughout his career, Kenges has served in several notable positions in the public sector including Vice-President of the Union of Chambers of Commerce of the Republic of Kazakhstan, Vice-President of The Boxing Association of Republic of Kazakhstan and Vice-President of the Asian Boxing Confederation. Mr. Rakishev holds a B.A. (Law) from the Kazakh State Law Academy and a B.A. (International Economics) from the Kazakh Economic University. Mr. Rakishev also has an AMP Diploma from Oxford University. We believe that Mr. Rakishev’s international business leadership and relationships, combined with his extensive knowledge and unique perspectives of global business opportunities, qualifies him to serve as a Director of the Company.

Mr. Kelley has served as a director of the Company since August 2010.  Mr. Kelley is a partner of Zenith Capital Partners, LLC, a private equity firm located in New York, where he has served since 2006, and a founding partner of Andover Partners Strategic Security Solutions, LLC (AP-S3, LLC), a security and intelligence consulting firm, where he has served since December 2009.  From 1985 to 1988, Mr. Kelley was a tax lawyer in the law firm of Brown and Wood located in New York.  From 1988 to 1991, Mr. Kelley worked at Merrill Lynch in New York, where he was promoted to a Director of the Global Swap Group.  From 1991 to 1994, Mr. Kelley was a Managing Director at UBS Securities in New York, in charge of the U.S. Structured Products Group.  From 1994 to 1998, Mr. Kelley was a Managing Director and Head of the Global Structured Products Group at Deutsche Bank Securities in New York.  From 1998 to 2006, Mr. Kelley was a Managing Director of Integrated Capital Associates, a private equity firm located in New York.  Mr. Kelley is currently a Director of the Apex-Guotai Junan Greater China Fund, headquartered in Hong Kong.  Mr. Kelley graduated from Emory University with a BA degree in 1979.  He graduated with a J.D. degree from Temple University School of Law in 1983, and he received an L.L.M. in Taxation from New York University School of Law in 1985.

Mr. Freeman is an accomplished industry veteran with more than 30 years of electronic payments and merchant services industry experience. His experience includes extensive work with agent banks, referral banks, direct sales, software integration, internet sales, dining programs, American Express, Diners Club, Discover Card, JCB and ISO/MSP programs. Mr. Freeman is currently the President of Freeman Consulting, Inc., a payments consulting firm that works with private equity groups and independent sales organizations. Prior to that, Mr. Freeman served as President of Merchant Data Systems from 2009 to 2013, Group Executive at Chase Paymentech from 2006 to 2007, and Executive Vice President at JP Morgan Chase-First Data JV (Chase Merchant Services) from 2000 to 2006.  Mr. Freeman earned a bachelor of business administration degree from the University of Miami.

Mr. Healy is an accomplished financial services industry veteran with more than 24 years of merchant financing and electronic payments industry experience. Mr. Healy is currently the President of Funds4Growth, a leading investment firm focused on financing of payment service providers in the United States. Since launching Funds4Growth, Mr. Healy has successfully structured and financed in excess of $150 million in merchant base loans. Prior to his tenure at Funds4Growth, Mr. Healy founded MBF Leasing, LLC in November of 2003, where he was responsible for strategic planning along with the financial and operational management of MBF Leasing. Prior to that, Mr. Healy spent 13 years with the CIT Group, Inc. (NYSE: CIT), where he was the President of CIT's Lease Finance Group out of Chicago, Illinois, overseeing more than 150 employees involved in over 225,000 leasing transactions, and in excess of $125 million in merchant base financings. Prior to joining CIT, Mr. Healy held several senior level positions with NewCourt Financial, including Chief Operating Officer of the Specialty Finance Division. He is a graduate of the University of Notre Dame with a Bachelor's degree in Accounting.

Mr. Caan has been a director of the Company since October 2, 2012.  Mr. Caan served as a director of the Company’s predecessor, Net Element, Inc., from January 1, 2011 until October 2, 2012.  Mr. Caan also has been Chairman of the Advisory Board of Openfilm since October 12, 2009.  Pursuant to Mr. Caan’s advisory agreement with Openfilm, Mr. Zoi and Mr. Kozko are obligated to vote their shares in the Company in favor of Mr. Caan as a director of the Company until December 14, 2013.  Mr. Caan is an actor and director, having worked in the film and television industries for over 40 years, and he is one of the entertainment industry’s most renowned talents, having starred in over 80 films.

= Chair of the Board Committee
= Chair
= Member

Financial Information

Proxy View
May 18, 2015 (PRER14A)
Nov 04, 2013 (DEFM14A)
Form-10K View
Mar 30, 2015 (10-K)
Apr 15, 2014 (10-K)
Form-10Q View
Aug 13, 2015 (10-Q)
May 14, 2015 (10-Q)

SEC Filings

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1 - 5 of 506 items found.
Date Filed Filing Description View
Sep 03, 2015 8-K Current Report
Aug 17, 2015 8-K Current Report
Aug 13, 2015 10-Q Quarterly Report
Aug 13, 2015 8-K Current Report
Aug 04, 2015 8-K Current Report
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1 - 5 of 506 items found.

Stock Information

Net Element International, Inc. (NASDAQ: NETE) 4:00 PM on September 03, 2015
Last Price Change Open Day High 52-Week High
0.20 0.01 (4.453%) 0.205 0.22 5.75
Volume Previous Close Day Low 52-Week Low
1,447,900 0.21 0.19 0.12

Historic Stock Lookup

Date Open High Low Close Volume
Aug 31, 2015 0.21 0.22 0.19 0.20 1,992,664
Sep 01, 2015 0.19 0.21 0.18 0.19 1,501,036
Sep 02, 2015 0.21 0.24 0.19 0.21 3,697,724
Sep 03, 2015 0.21 0.22 0.19 0.20 1,447,942

Year End Stock Prices

The historical stock information provided is for informational purposes only and is not intended for trading purposes. The historical stock information is provided by Yahoo, a third party service, and Net Element, Inc. does not maintain or provide information directly to this service. Prices display split-adjusted cost basis per share on that date.

Events & Presentations

Featured Event

Date Event Details
Aug 13, 2015, 4:30 PM  ET
Second Quarter 2015 Financial Results and Operations Update
View Additional Information
Net Element will host a webcast and conference call to discuss its second quarter 2015 financial results and business outlook today at 4:30 p.m. Eastern Time. Participating will be Net Element chief executive officer Oleg Firer and chief financial officer Jonathan New, both of whom will discuss operational and financial highlights. This call will contain forward-looking statements and other material information regarding the Company’s financial and operating results.
 
To access the conference call, listeners should contact the Conference Call Operator at +1 (877) 303-9858 within North America or +1 (408) 337-0139 outside of North America approximately five to ten minutes prior to the start of the call, and giving the access code: 13221340 or via webcaste available at: http://edge.media-server.com/m/p/mh99jck7. An archive of the call will also be available on Net Element’s website at: http://www.netelement.com/en/ir

Upcoming Events

Details on upcoming events are not yet available.

Archived Events

Date Event Details
Aug 6, 2015
NETE: Raising Revenues With the Addition of PayOnline
May 28, 2015, 1:30 PM  ET
SeeThru Equity 4th Annual Microcap Investor Conference
Location: Convene Grand Central, 101 Park Ave, New York, NY
May 28, 2015, 11:00 AM  ET
2015 Marcum MicroCap Conference
Location: Grand Hyatt, 109 E 42nd St, New York, NY
May 18, 2015, 2:30 PM  ET
First Quarter 2015 Financial Results and Operations Update
Mar 31, 2015, 2:30 PM  ET
Fourth Quarter 2014 Financial Results and Operations Update
Jan 20, 2015, 2:00 PM  ET
Net Element to Present at Noble Financial Capital Markets 11th Annual Equity Conference
Nov 17, 2014, 4:30 PM  ET
Third Quarter 2014 Financial Results and Operations Update
Sep 11, 2014, 2:00 PM  ET
SeeThruEquity Microcap Investor Conference
Speaker: Jonathan New, CFO
Location: Convene Times Square
View Additional Information
810 Seventh Avenue
New York, NY 10019
Contact: Ajay Tandon
646-495-0939
Jul 21, 2014
SeeThruEquity Initiates Research Coverage on Net Element, Inc.
View Additional Information

SeeThru Equity Initiates Research Coverage on Net Element, Inc. with Target Price of $3.47 Per Share

May 16, 2014, 9:00 AM  ET
First Quarter 2014 Financial Results and Operations Update
Apr 22, 2014, 4:30 PM  ET
2013 Financial Results and Operations Update
Aug 22, 2013
First Quarter Conference Call for Period ending June 30, 2013

Press Releases

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1 - 5 of 113 items found.
Date Title and Summary View
Aug 25, 2015 Net Element Enters Kazakhstan's Rapidly Expanding Mobile Marketplace, Executing Mobile Operator Partnership Agreements With Vimpelcom and Kcell to Provide Mobile Payment Services to Millions of Subscribers
MIAMI, FL -- (Marketwired) -- 08/25/15 -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, is pleased to announce completed partnership agreements with Kcell JSC, and Beeline, a whol...
Aug 13, 2015 Net Element Reports Second Quarter 2015 Results; Completes Acquisition of PayOnline
MIAMI, FL -- (Marketwired) -- 08/13/15 -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services today reported financial results for its quarter ended June 30, 2015. Quarterly Resu...
Aug 10, 2015 NETE: Raising Revenues With the Addition of PayOnline

By Lisa Thompson


NASDAQ:NETE

Net Element (NETE) filed the audited numbers of PayOnline, its recent acquisition. U...

Aug 06, 2015 Net Element Launches "Restoactive", a Comprehensive Mobile Restaurant Solution
MIAMI, FL -- (Marketwired) -- 08/06/15 -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services today launched "Restoactive", a comprehensive mobile restaurant solution. Restoactive all-in-...
Aug 04, 2015 Net Element Files Historical Financial Results for PayOnline
MIAMI, FL -- (Marketwired) -- 08/04/15 -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services today presented historical financial results for PayOnline for periods prior to our ownershi...
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1 - 5 of 113 items found.