IR Magazine

IR Magazine Forum & Awards – Small Cap
Trends and best practices

Thursday, September 26, 2019

OTC Markets, New York

About the event

The IR Magazine Forum & Awards – Small Cap US is a best practice event on effective shareholder communications designed exclusively for CEOs, CFOs, IROs and advisors from small and micro-cap companies. Spanning multiple industries, the one-day conference focuses on the unique issues affecting small cap companies.

We will also host an awards ceremony specifically tailored to small cap companies. The awards categories offer individuals and companies the opportunity to nominate themselves, free of charge, for two aspects of IR:  best investor engagement and best investor relations (by market cap; micro and small-cap). More details on this can be found below.


Timely event: with the year-end fast approaching, this event is perfectly positioned to help you take stock of the year-to-date, refocus and plan for 2019-2020
  Benchmarking: it is a great opportunity to evaluate where you stand in comparison to your peers, how other small cap companies have managed and overcome similar situations
 Run lean: learn how to have a maximum strategic impact with limited resources – do more with less, learn how seasoned IR professionals prioritize their team
 Unique format: our format enables participants to network extensively, discuss, debate and dissect topical issues
 Discover something new: learn about new technologies, innovations, and services that are available to help to transform your IR strategy, increase productivity and make better decisions
  Network with the community: meet with investors, analysts, experts, and peers


Holders of the NIRI IRC® credential can earn up to 4 professional development units (PDUs) per day. IRC-credentialed speakers may also earn PDUs. More information is available at


Click on the session title below to view details. View agenda as a PDF here.

  • 08:45 AM
    Breakfast and registration

  • 09:15 AM
    Welcome to the forum

    Ben Ashwell, editor, IR Magazine
    Joseph Oltmanns, senior vice president, domestic corporate services, OTC Markets

  • 09:30 AM
    SNAPSHOT: Impact of Mifid II – why having five analysts isn’t enough anymore

    A short briefing to weigh up the pros and cons of company-sponsored research. Stay updated on the impact of global regulations on US companies and how changes to corporate access and research will affect IR teams.

    Theodore O’Neill, chief executive officer, Litchfield Hills Research

  • 09:45 AM
    PANEL: Building a long-term strategy: How can IR and senior management effectively work together?

    Small and micro-cap companies need to build a strong foundation for their IR strategy that looks five years ahead, rather than one or two. In this session, we will discuss where you should focus your efforts.

    • Discuss what you should factor into your strategy to keep it in line with macro changes such as economic highs and lows, index investing, ESG expectations and policy changes
    • Set the scene: Get your short and mid-term shareholder analysis and targeting strategies in place so that your stock is attractive to the shareholders you want to have five years from now
    • How can you divide and conquer IR responsibilities with your executive team? What does your aspirational shareholder base look like and how can you achieve that?
    • How can IR help drive long-term strategic growth with input into M&A strategies?

    Ellen Cavaleri, director of investor relations, Kadmon
    AJ Krick, chief financial officer, Smith-Midland
    Joseph Oltmanns, senior vice president, domestic corporate services, OTC Markets
    Jonathan Paterson, managing partner, Harbor Access

  • 10:30 AM
    Refreshment break

  • 11:00 AM
    PRESENTATION: The value of corporate access – living in the Mifid II era

    Kenneth Levy, vice president of investor relations, Iridium

  • 11:30 AM
    PANEL: Getting sell-side coverage, expanding investor base with best practices and innovative approaches to targeting

    At a time when fewer analysts are covering more companies, getting analysts engaged and expanding your investor base is tougher than ever before.

    • Is there a need for analyst coverage and if so, how to get it: the pros and cons of paid-for research
    • How can companies better access different pools of capital out there – such as retail investors and family offices?
    • How you can evaluate your targeting activities – what adds value and what doesn’t
    • Explore how cross-trading for international companies improves liquidity
    • How IR can maximize management’s time on the road
    • Should a micro or small cap host an analyst/investor day? What is the cost/value proposition?
    • Creating productive meetings and collaborating with the sell-side

    Noël Kurdi, director of investor relations, Nanobiotix
    Loren Mortman, president, The Equity Group
    Matthew Tractenberg, investor relations partner, Q4
    David Whyte, chief executive officer and co-founder, Platform Group

  • 12:30 PM
    Networking lunch and awards ceremony

  • 13:45 PM
    PRESENTATION: Structuring an IR program – Resource allocation, priorities, challenges and lessons learned

    Friederike Edelmann, director of investor relations, Criteo

  • 14:15 PM
    PRESENTATION: Rebranding 101 – repositioning the company to attract the right investors

    Jason Fooks, senior vice president of investor relations and marketing, Safehold

  • 14:45 PM
    PANEL: Meet portfolio managers: What do investors want from small-cap companies?

    Hear from a panel of small and micro-cap investors and analysts about what they most desire from IR teams.

    • Investor perceptions on macro issues: How do investors view 2019-2020?
    • What critical factors and risks do investors look for when making buy, sell and hold decisions?
    • What changes does the investment community expect to see following Mifid II implementation?
    • Hear examples of what investors and analysts feel sets an IR program apart from its peers
    • Gain insight into how analysts build their models and use technology – and how you can better communicate value

    Evgeny Aleksandrov, founder and chief executive officer, Access Square (moderator)
    James Harvey, international small cap portfolio manager, The Royce Funds
    Steven Hill, senior portfolio manager – small cap, Foresters Investment Management
    Keith Pinder, chief executive officer, Landon Capital

  • 15:45 PM
    PANEL: Amplifying your message and measuring impact with social media best practices

    Busy IROs with time and resource pressures are turning to digital media to amplify their investment story. The tricky bit is engaging investors and measuring ROI.

    • Discuss practical steps you can take to formulate your equity story and ensure consistent and accurate financial communications across all digital channels
    • Explore the essential IR toolkit for the modern IRO, including a range of free and paid-for analytics tools that help you measure the impact of your outreach to investors, analysts and financial press

    Kristie Harkins, chief marketing officer, OTC Markets Group
    Ian Koenig, senior vice president of strategic growth, Investis

  • 16:15 PM
    Summary and networking drinks


Who attends?

Each participant is someone with an established track record and a strategic IR role at a small or micro-cap company. This year’s attendees included:

Attendee Company Attendee Title Attendee Company Attendee Title
BTV Account Executive Safehold Investor Relations
BTV Account Executive Safehold Investor Relations
OTC Markets Analyst, Compliance Hudson Group Investor Relations Officer
RPT Realty Analyst, Corporate Financial EnPro Industries Manager of Strategy, Corp. Development & IR
OTC Markets Associate Marketing Intrado Manager, Account
OTC Markets Associate VP, Marketing Zacks/SCR Manager, Engagement
OTC Markets Associate, Advisor Relations The Royce Funds Manager, International small cap portfolio
Victory Commercial Mgmt. Associate, IR Safehold Manager, IR
OTC Markets AVP, UX/UI Designer Eventus Advisory Group Managing Director
HBC CCO ICR Managing Director
Sono Tek CEO Q4 Managing Director, Sales
Verb Technology CEO Noble Capital Markets Managing Director, Technology
Q BioMed CEO HarborAccess Managing Partner
Landon Capital CEO Weiskopf Silver & co Managing Partner
Litchfield Hills Research CEO HarborAccess Managing Partner
Stock Perks CEO & Founder FPI Partner
Smith-Midland Corporation CFO Q4 Partner, IR
Phunware CFO The Equity Group President
OTC Markets CMO Intro-act Sales
Irwin Co – Founder & CEO IHS Markit Senior Associate
Irwin Co – Founder & COO Veeco Instruments Senior Director, IR
Intro-Blue Co – Founder, President Foresters Investment Mgmt. Senior Manager, small cap portfolio
Mithra Advisors Consultant, Communications Intrado Senior OTC/TSXV/CSE Equities Specialist
Investis Digital Specialist, Digital Strategy Garrett Motion Senior Manager, Financial Communications
Investis Digital Director, Client Services, US Laurel Hill Advisory Group SVP
Grayscale Director, Communications OTC Markets SVP, Domestic Corporate Services
OTC Markets Director, Corporate Communications Safehold SVP, Investor Relations & Marketing
OTC Markets Director & AVP Titan International SVP, Investor Relations & Treasurer
Bel Fuse Director, Financial Reporting Investis Digital SVP, Strategic Growth
Grayscale Director, Growth Marketing The Equity Group VP
NAPCO Security Technologies Director, IR Drive Shack VP & Head of Investor Relations
Criteo Director, IR Bel Fuse VP, Finance
Anterix Director,  IR Investis Digital VP, Client Partner
Kadmon Director, IR OTC Markets VP, Corporate Relations
Constellium Director, IR OTC Markets VP, Corporate Services
Nanobiotix Director, IR OTC Markets VP, Corporate Services
Eventus Advisory Group Director, Sales & Business Iridium Communications VP, IR
Kadmon Executive Assistant Telaria VP, IR
Access Square Founder & CEO Q4 VP, Solutions Engineering
Safehold Investor Relations Glatfelter VP, Treasurer


Our small-cap awards provide a fantastic opportunity to ensure your team or client is recognized and acknowledged by the investment community, for their great achievements and successes over the past year. Thank you  for your nominations, we’re pleased to announce our winners.

Click here to view our winners.

Best investor engagement

Best investor engagement

This category is intended to recognize excellence and innovation in investor engagement, whether that is through hosting an analyst day, participating in investor conferences, hosting on-site meetings or using technology in an innovative way to engage investors.


  • Garrett Motion

  • Hanger- WINNER

  • Meritage Hospitality Group

  • ReproMed Systems

Best IR by a micro-cap company (less than $500mn)

Best IR by a micro-cap company (less than $500mn)

Best performance by an IR team, which can include a CFO, CEO or other c-suite professional that contributes to the IR function of your company.


  • FlexShopper

  • NAPCO Security Technologies- WINNER

  • Smith-Midland

  • Stereotaxis

  • Suncrest

Best IR by a small-cap company ($500mn - $2bn)

Best IR by a small-cap company ($500mn - $2bn)

Best performance by an IR team, which can include a CFO, CEO or other c-suite professional that contributes to the IR function of your company.


  • Diebold Nixdorf

  • Hersha Hospitality Trust

  • Iridium Communications

  • Riviera Resources

  • Safehold- WINNER

Best IR by an OTC-traded company

Best IR by an OTC-traded company

This award recognizes the efforts of OTC-listed companies in investor relations practice and is judged on their efforts to uphold good governance, communicate with and engage their shareholders. With more than 6,000 small and micro-cap companies trading across all OTC markets, this award aims to recognise companies that have gone above and beyond to sustain investor interest, retain shareholder loyalty and build long-term shareholder value.


  • Meritage Hospitality Group

  • ReproMed Systems- WINNER

  • Smith-Midland

  • Suncrest

The IR Magazine editorial team reviews all submissions, selects finalists in each category and sends judges those submissions. Judges review submissions for finalists individually. Judges come together to discuss all finalist submissions and determine the winners in each category.

The judges scores will not be shared with nominees, however, comments may be published in articles or reports after the event. The judges are not required to make comments against every submission. For more information please contact [email protected]

Please find the bios of the Judges below:

Alexandra Deignan, Head of Investor Relations, Lazard

Alexandra Deignan is Head of Investor Relations at Lazard Ltd (NYSE: LAZ) based in New York. She has more than 20 years of experience in investor relations and strategic finance. Prior to Lazard, she developed and led investor relations programs for Schnitzer Steel Industries in the metals and mining industry and Curtiss-Wright Corporation in the aerospace and defense industry.  Previously, she worked in the investment banking division of Salomon Smith Barney in the oil and gas group where she was responsible for executing global M&A and capital raising transactions.   She holds an MBA from New York University and a Bachelors from the University of Texas at Austin.


Carol DiRaimo, Investment Relations Executive

Carol DiRaimo most recently served as Chief Investor Relations & Corporate Communications Officer at Jack in the Box Inc. from July 2008 until August 2019.  Previously, she was Vice President of Investor Relations for Applebee’s International, Inc., where she was employed for 14 years and served in a variety of capacities, including financial planning & reporting, treasury and corporate analysis, before heading the investor relations function.  Carol has over 30 years of experience in the restaurant industry and six years of public accounting experience at Deloitte. Carol has received numerous awards, including being named one of the top 30 global investor relations professionals over the past 30 years by IR Magazine in 2018.  IR Magazine has honored Carol six times as Best Investor Relations Officer in the U.S. for a small- to mid-cap company.  In 2017, Jack in the Box received awards for Best Overall Investor Relations Program (mid-cap) and Best in Sector: Consumer Discretionary by IR Magazine.  In 2017 and 2018, Jack in the Box Inc. was recognized as one of the magazine’s Global Top 50 IR programs.  Institutional Investor has named Carol to its All-America Executive Team 12 times, ranking her as the Best Investor Relations Officer by the sell-side for six consecutive years (2013 – 2018) as well as the Best Investor Relations Officer by the buy-side in 2016 and 2017.  Institutional Investor also recognized Jack in the Box Inc. as one of America’s Most Honored Companies for five consecutive years (2015 – 2019).

Carol graduated summa cum laude from the University of Missouri with a BS in accountancy, and received a Bronze Medal on the CPA exam in 1983.  She also earned an Executive Fellows MBA from Rockhurst University in Kansas City in 2004. From 2006 to 2011, Carol served on the Board of Directors of the National Investor Relations Institute.  She has also served on the Board of Trustees of Rockhurst University from 2010 until 2019, and continues to serve on its audit committee.


Sri Maddipati, Vice President, Treasurer and Investor Relations, CMS Energy

Srikanth (Sri) Maddipati is Vice President, Treasurer and Investor Relations for CMS Energy and its principal subsidiary, Consumers Energy. He was elected to the position in 2016. He is responsible for managing corporate liquidity, financing and treasury operations, and maintaining relationships with investors, banks and rating agencies. He is also the Chair of the Benefit Administration Committee, which is responsible for the investment management of the employee benefit plans, including pension, 401(k), health care and life insurance. Maddipati joined CMS Energy in 2014 as Assistant Treasurer. In this position, Maddipati was credited with improving the company’s financial ratings and rating-agency relationships and reducing operating costs. He previously served as a Vice President in the Financial Institutions Group, Investment Banking, at Goldman Sachs in New York, N.Y. Maddipati also serves on the Investment and Finance Committee of the Ann Arbor Area Community Foundation and the advisory committee for the Ann Arbor Public Schools Education Fund. Maddipati earned a bachelor’s degree in engineering, and master’s degrees in engineering and business administration, from the University of Michigan.


Ben Ashwell, Editor, IR Magazine

Ben Ashwell is the digital editor at IR Magazine and Corporate Secretary, covering investor relations, governance, risk and compliance. Prior to this, he was the founder and editor of Executive Talent, the global quarterly magazine from the Association of Executive Search and Leadership Consultants. Before moving to the US, Ben was the vice president and editor at Executive Grapevine, overseeing a daily news website, ten annual supplements and HR Grapevine, the UK’s leading HR and talent management magazine.

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Venue and location

This year’s forum is hosted by OTC Markets and will take place at their corporate headquarters, in New York City:

OTC Markets
300 Vesey Street
New York
NY 10282

Looking for the perfect place to stay before or after the event? Why not try our exclusive HotelMap to browse real-time room rates of hotels close in proximity to OTC Markets.

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