Ronald Zdrojeski

Credit Suisse Securities (USA) LLC (Credit Suisse Securities USA) is the broker/dealer division of Credit Suisse Securities (USA) LLC, an investment banking company headquartered in New York City. The firm was founded in 1998 and is a wholly owned subsidiary of Credit Suisse (USA), Inc., ultimately owned by Credit Suisse Group AG (SWX: CSGN) in Switzerland. Credit Suisse Securities USA offers a suite of equities, solutions and credit products and services which includes global securities sales, trading and execution, prime brokerage and comprehensive investment research. Their clients include financial institutions, corporations, governments, institutional investors, such as pension funds and hedge funds, and private individuals around the world.

BNP Paribas operates as an investment advisor. It provides capital markets, securities services, financing, treasury and advisory solutions. The firm’s services are provided via four core business lines: Global Markets, Securities Services, Financing Solutions and Advisory. The company is headquartered in New York, NY.

Founded in 1984, Aegis Capital Corp. is a broker-dealer located in New York City. They provide a full array of trading and execution services for their clients. They do not provide any internal research

Founded by Bufus Outlaw in 1997, BOE Securities, Inc. is a private, value-based SEC-registered brokerage firm located in Philadelphia, Pennsylvania. The firm is a subsidiary of the BOE Group, Inc. They are affiliated with BOE Research Private Ltd., which is located in Mumbai, India. BOE Securities is a member of FINRA, the NASD and SPIC. BOE Securities provides research services to institutional investors. Their research products and services are designed for use by chief investment officers, portfolio managers and financial analysts. The firm can function as an off-site research department for firms or simply as an input into their clients' proprietary investment processes. BOE Securities' quantitative research is produced on a weekly basis. They provide weekly ratings on U.S. large-cap stocks based on a variety of investment styles including value, growth, GARP and momentum. The firm serves as an introducing broker to Goldman Sachs Executions and Clearing LP. BOE's research team covers over 500 stocks, producing 4 annual reports on each company. Their research methodology combines top-down and bottom-up analysis and seeks to provide clients with key information required to determine the real value of a company. The firm begins with rigorous fundamental analysis that incorporates economic, industry and company data which results in forecast assumptions of a stock and its sector. BOE Securities scrutinizes all publicly-available information including SEC Filings and company transcripts and examines each company's customers, suppliers and competitors to gain overlooked insights into a company. They determine each company's intrinsic value by: (1) modeling the company's future earnings (2) understanding the company's cash flow and the forces which impact it and (3) providing a consistent, disciplined valuation framework based on discounted free cash (DCF). BOE Securities also looks at the relative valuation of each security, assessing current and historical metrics, as well as industry comparables. The combined valuation methods determine whether a stock is fairly valued and if the market has fully incorporated all relevant news into the share price. The firm's economic profit analysis provides the key information needed to determine each company's ability to create wealth for shareholders. BOE Securities uses economic data as a basis for constructing and evaluating asset valuations relative to returns on those assets. Finally, BOE Securities continuously monitors the stocks on their coverage universe, with emphasis on the key valuation drivers, and seeks to identify events which may impact stock value over time. BOE Securities offers quantitative equity research ratings on 4,000 companies. Their quantitative ratings are based on an advanced academic study of investor behavioral biases that cause the mispricing of securities. The firm's reports consist of buy alerts and sell alerts highlighting the most critical, action items. BOE Securities scores stocks according to a 4-point system that incorporates long-term contrarian factors and short-term momentum factors including: (1) PE to Growth (PEG) rankings (2) fundamental momentum, based on estimate revisions (3) relative strength and (4) shareholder value creation as based on earnings above the cost of capital. By summarizing this data into a weighted, back-tested composite score, BOE Securities then ranks the equities according to their alpha-generating abilities. Their process enables them to quantitatively grade any security from which they develop alerts and reports.

Founded in 1988 by Richard Messina, the Benchmark Co. LLC is a full-service broker/dealer headquartered in New York City. The firm provides equity research, sales and trading services for institutional and private clients. They focus on the media, energy, enterprise software, infrastructure software, biotechnology, specialty pharmaceuticals, REITs, Internet and communications sectors. The Benchmark Co.'s clearing agent is JP Morgan Clearing Corp.

Magna Securities Corp. provides research on technology, media, telecommunications, healthcare and special situations sectors. It offers fundamental analysis, technical analysis, industry reports, and peer analysis. The firm caters to institutional investors. The company was founded in 1992 and is headquartered in New York, NY.

LCH Ltd. develops and operates a clearing platform for interest rate swaps. The firm offers SwapClear, a platform that provides clearing services to the over-the-counter (OTC) interest rate swaps. It also provides risk management capabilities across a range of asset classes, including OTC and listed interest rates, fixed income, foreign exchange, credit default swap (CDS), equities, and commodities. The company was founded in 1992 and is headquartered in London, the United Kingdom.

BB&T Securities LLC, doing business as BB&T Capital Markets, is the broker/dealer subsidiary of BB&T Corp. (NYSE: BBT). The firm is headquartered in Richmond, Virginia. They offer a full array of investment, trading and execution services to middle-market companies. BB&T Capital Markets' sales and trading arm is comprised of 2 groups: Debt Securities Sales & Trading and Equity Sales & Trading. The Debt Securities Sales & Trading group focuses on: (1) Government and agency securities (2) corporate bonds (3) municipal bonds (4) asset-backed securities (5) mortgage-backed securities (6) preferred securities and (7) money market desk (short-term securities including BB&T funding). The Equity Sales & Trading group focuses on: (1) institutional block execution services (2) institutional distribution of proprietary research (3) providing proprietary access to industry leading conferences and management teams (4) serving as a NASDAQ market maker for over 250 securities (5) stock buybacks including 10b-18 and 10b5-1 trading plans and (6) 144 stock sales, individual 10b5-1 trading plans (buy and sell) and employee cashless stock option programs. BB&T Capital Markets provides research coverage of the communications, defense and government services, energy, financial services, furnishings and consumer durables, healthcare, industrial services, retail/consumer durables and transportation services sectors.

Loop Capital Markets LLC is provider of a broad range of integrated capital solutions for corporate, governmental, and institutional entities. They serve clients in public and corporate finance, equity, taxable and tax-exempt securities sales and trading and municipal research. Since their founding in 1997, they have served as managing underwriter on financings, participated in corporate bond underwritings, served as an underwriter in IPO and other equity offerings, and earned a reputation as a dedicated, resourceful partner with new ideas and new avenues of distribution. Loop Capital Markets is headquartered in Chicago, Illinois, They serve clients on a national basis.

National Financial Services is an operating division and the institutional trading arm of National Financial Services LLC. The firm is a broker/dealer headquartered in Boston. They execute equity and fixed-income securities trades on behalf of institutional clients as well as several Fidelity businesses. Their ultimate parent is FRM LLC. National Financial Services maintains a team of principal traders in New York that make markets in several hundred NASDAQ securities. The firm also has specialists on the Boston Stock Exchange. Their fixed-income operation is a principal dealer in a wide range of taxable and tax-exempt securities. They also underwrite municipal and government agency debt

Nomura Securities International, Inc. (NSI) is a registered broker/dealer headquartered in New York City and was founded in 1969. The firm is a division of Nomura Holding America, Inc. and their ultimate parent is Nomura Holdings, Inc. (NYSE: NMR, TYO: 8604, AMS: 8604). NSI provides securities brokerage services, as well as asset management, domestic retail, global markets, global investment banking and global merchant banking services. The firm's fixed-income business consists of bond sales and trading, origination and product supply for securitization deals and real estate-focused asset finance operations (in cooperation with Investment Banking). In the equity markets, NSI offers sales and trading of domestic and foreign stocks on a global basis, primarily for institutional investors.

Auriga USA is a broker/dealer located in New York City. Their research focuses on the semiconductors, information technology and health services sectors.

Founded in 2006, CastleOak Securities LP is a minority-owned broker/dealer located in New York City with additional offices in Atlanta and Chicago. CastleOak engages in sales and trading, capital markets and financial advisory services. The firm offers expertise in primary and secondary market transactions and is structured to handle mergers, acquisitions, divestitures, valuations and general strategic assessments. Their clients range from Fortune 500 to middle-market corporations, institutional investors and financial sponsors. CastleOak is in partnership with Cantor Fitzgerald. They do not provide any internal research.

Founded in 1984, Insight Investment Funds Management Ltd. is a subsidiary of The Bank of New York Mellon Corp. that provides investment advice. The company is based in London, UK.

Insight Investment Management Ltd. provides asset management solutions. It offers services across liability driven investment, fixed income, currency solutions, cash management, absolute return, multi-asset, and real assets, such as farmland. The company was founded on March 16, 1987 and is headquartered in London, the United Kingdom.

Man Group Ltd. operates as an investment management firm. The firm offers a range of products and services to address client's investment needs, covering quantitative, discretionary, and private markets. It operates through the following geographical segments: Cayman Islands, Ireland, the United Kingdom and the Channel Islands, the United States of America, and Other Countries. The company was founded by James Man in 1783 and is headquartered in London, the United Kingdom.

Banque Centrale de Compensation SA operates as a multi-asset class clearing house in stock exchanges and other security trading platforms. It specializes in risk and collateral management. The company is headquartered in Paris, France.

LCH Group Holdings Ltd. is an investment company, which engages in the provision of rates and multi-asset clearing house solutions. Its services include clearing and post trade services. The company was founded on April 24, 2003 and is headquartered in London, the United Kingdom.

CIGNA HealthCare, Inc. provides medical benefit plans, dental coverage, behavioral health coverage, pharmacy benefits, and products and services. the company is headquartered in Bloomfield, CT.

Part of Louis Capital Markets LP, Louis Capital Markets UK LLP is a brokerage firm. The company is based in London, UK. The British company was founded in 2003 by Patrice Cohen. Patrice Cohen has been the CEO since 2003.