Jefferson Gramm

Jefferson Gramm has served as a director since February 2014. Mr. Gramm is a portfolio manager at Bandera Partners LLC, which owns approximately 31% of the outstanding common stock. Mr. Gramm has been in his present position since 2006. His prior experience includes serving as Managing Director of Arklow Capital, LLC, a hedge fund manager focused on distressed and value investments, from October 2004 to July 2006. He has been a Director of Ambassadors Group Inc. since May 2014 and Rubicon Technology since November 2017. He served as a Director of Morgan’s Foods Inc. from April 2013 to March 2014. He served as a Director of Peerless Systems Corp from June 2009 to November 2010. He received an M.B.A. from Columbia University in 2003 and a B.A. in Philosophy from University of Chicago in 1996. Mr. Gramm provides a unique and valuable perspective with respect to the stockholder base and stockholder issues in general.