Robert Duggan

Robert Duggan General Information

Description

Mr. Robert Duggan is the Founder & serves as Chief Executive Officer at Duggan Investments (Florida). He serves as Board Member at Human Longevity. Mr. Duggan also serves as Chief Executive Officer at Summit. Mr. Duggan has been a member of the Board of Directors since September 2007 and was voted in as Chairman in September of 2008 after the resignation of its former Chairman. Since that time, Mr. Duggan has not received any compensation from the Company in any form, nor has he received any options for his services to the Company. In December 2008 and in March 2009, at a time when the Company had liquidity needs and required operating funds, Mr. Duggan provided loans to the Company totaling $6.4M. With the receipts of funds raised through a rights offering in July 2009, Mr. Duggan's loan was repaid. Alongside other Company stockholders and biotech investors, Mr. Duggan has invested since 2008 in each of the Company's capital raises, purchasing approximately his pro rata share in each raise, each of which were generally priced at market closes without any discounts. He purchased all his shares in Pharmacyclics outright and currently owns directly and indirectly approximately 20% of the outstanding shares. Disclosure regarding Mr. Duggan's stock ownership in the Company is publicly available in the Company's public SEC filings and in Mr. Duggan's filings on Schedule 13D, as amended, with the SEC. Mr. Duggan has also served as Chairman of the Board of Directors of Computer Motion, Inc., a computerized surgical systems company, from 1990 to 2003 and Chief Executive Officer from 1997. Computer Motion was acquired by Intuitive Surgical, Inc. in 2003. At that time Mr. Duggan became a Board Member of Intuitive Surgical, Inc. and served on its board until March 2011. Mr. Duggan has been an entrepreneur and industrialist for more than 30 years. He has participated as a CEO of, a director of, investor in and advisor to numerous small and large businesses in the medical equipment, computer local and wide area network, PC hardware and software distribution, digital encryption, consumer retail goods and outdoor media communication industry. Mr. Duggan has also assisted in corporate planning, capital formation and management for his various investments. In 1985 he received a Congressman's Medal of Merit from Congressman Ron Paul and in 2000 he was named a Knight of the Legion of Honor by President Jacques Chirac. Mr. Duggan is a member of the University of California at Santa Barbara Foundation Board of Trustees. He is also an Angel Investor.