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Last updated: 3 October 2022 at 6:18pm EST

Timothy Damadian Net Worth




The estimated Net Worth of Timothy Raymond Damadian is at least $857 Thousand dollars as of 29 September 2022. Mr. Damadian owns over 4,700 units of Fonar stock worth over $700,707 and over the last 2 years he sold FONR stock worth over $0. In addition, he makes $155,800 as President and Chief Executive Officer at Fonar.

Mr. Damadian FONR stock SEC Form 4 insiders trading

Timothy has made over 1 trades of the Fonar stock since 2022, according to the Form 4 filled with the SEC. Most recently he bought 4,700 units of FONR stock worth $65,189 on 29 September 2022.

The largest trade he's ever made was buying 4,700 units of Fonar stock on 29 September 2022 worth over $65,189. On average, Timothy trades about 4,700 units every 0 days since 2022. As of 29 September 2022 he still owns at least 42,700 units of Fonar stock.

You can see the complete history of Mr. Damadian stock trades at the bottom of the page.





Timothy Damadian biography

Timothy R. Damadian serves as President, Chief Executive Officer of the Company. Mr. Timothy Damadian began his career at Fonar in 1985, installing MRI scanners and components for Fonar customers. Over the course of the following 16 years, he held positions of increasing authority, eventually becoming Vice President of Operations. In 1997, Timothy Damadian was appointed President of the newly formed Health Management Corporation of America (HMCA), a wholly-owned subsidiary of Fonar that was formed to manage medical and diagnostic imaging offices. In 2001, Timothy Damadian left Fonar to form Integrity Healthcare Management, Inc., a diagnostic imaging management company that would eventually manage 11 MRI scanning centers in New York and Florida. The company was a success and was sold to Health Diagnostics, LLC in 2007. Mr. Damadian returned to Fonar as a consultant in 2010. He also serves as a Manager of Imperial Management Services, LLC and a Manager of Health Diagnostics Management, LLC, which are subsidiaries of HMCA.

What is the salary of Timothy Damadian?

As the President and Chief Executive Officer of Fonar, the total compensation of Timothy Damadian at Fonar is $155,800. There are 3 executives at Fonar getting paid more, with Raymond Damadian having the highest compensation of $458,895.



How old is Timothy Damadian?

Timothy Damadian is 55, he's been the President and Chief Executive Officer of Fonar since 2016. There are 9 older and 1 younger executives at Fonar. The oldest executive at Fonar Corp. is Dr. Raymond V. Damadian M.D., 85, who is the Chairman, Treasurer & Principal Financial Officer.

What's Timothy Damadian's mailing address?

Timothy's mailing address filed with the SEC is 110, Marcus Drive, Melville, Town of Huntington, Suffolk County, New York, 11747, United States.

Insiders trading at Fonar

Over the last 19 years, insiders at Fonar have traded over $474,389 worth of Fonar stock and bought 335,781 units worth $353,909 . The most active insiders traders include Raymond V Damadian, Robert J Janoff, and Timothy Raymond Damadian. On average, Fonar executives and independent directors trade stock every 253 days with the average trade being worth of $248,464. The most recent stock trade was executed by Luciano B Bonanni on 29 September 2022, trading 4,700 units of FONR stock currently worth $66,129.



What does Fonar do?

manufacturer of state-of-the-art mri equipment located in melvillle new york.



What does Fonar's logo look like?

Fonar Corp. logo

Complete history of Mr. Damadian stock trades at Fonar

Date
#
Company
 Insider
Trans.
Transaction
 Shares Price per share Total value Shares after Source
29 Sep 2022 FONR Fonar Corp. Timothy Raymond Damadian
CEO, President, and Treasurer
 Buy 4,700 $13.87 $65,189
29 Sep 2022
42,700 ↗


Fonar executives and stock owners

Fonar executives and other stock owners filed with the SEC include: