MICHAEL N. MULKEY, CPA
5339 Virginia Beach Blvd., Ste. 201
Virginia Beach, VA 23462
(757) 456-0908
EDUCATION
BS Old Dominion University 1974 (Accounting)
Certified Public Accountant - Virginia 1977 Cert. #4703 • North Carolina 1994 Cert. #21811
Instructor - Accounting & Income Taxes, Tidewater Community College 1979-1985
Instructor - Income Taxes - 1980 - 1981 Ernst & Young • National Training School, Washington, D.C.
Minimum of 40 hours per year continuing education in accounting, auditing, income taxes and ESOPs since 1974
Certified as a Business Valuation Analyst - 1997 - 2000
PROFESSIONAL EXPERIENCE
Eight years with international accounting firms Ernst & Young and Laventhol & Horwath
Accounting, auditing, income taxes and small business consulting
Thirty-three years as President, Mulkey & Company, P.C., CPAs,
Accounting, auditing, income taxes, estate planning, business valuations, small business consulting and trustee services
Experience includes auditing retirement plans, including ESOPs, and serving as independent ESOP trustee, usually on a temporary basis, to fulfill a specific need.
ORGANIZATIONS
Trustee, Cape Henry Collegiate School, 1984 - 1999
Served as Treasurer, Finance Committee Chairman and Chairman of Annual Giving
Trustee, Virginia Beach Community Trust, 1996 - Present - Serve as Treasurer
Past President - Norfolk Sports Club - 1988
Member, American Institute of Certified Public Accountants
ESOP TRANSACTIONAL TRUSTEE ENGAGEMENTS
Served as transactional trustee on over 60 engagements in Virginia, Maryland, North Carolina, Alabama, Georgia and Washington D.C. Engagements involved sales to ESOPs, termination of ESOPs, analysis of proposed related-party transactions, reevaluation of initial stock price, sales of ESOP shares to competitors and mergers of two ESOP
companies. Deal sizes ranged from $100,000 to $100,000,000 for 100 percent of the company’s stock.
REFERENCES
ESOP Attorneys:
Richard C. Mapp, Kaufman & Canoles, PC, Norfolk, VA (757) 624-3000
William R. Whitehurst, Womble Carlyle Sandridge & Rice PLLC, Winston-Salem, NC (336) 721-3653
William Gust, Gentry Locke Rakes & Moore, Roanoke, VA (540) 983-9305