Kayne Anderson Rudnick Investment Management, LLC

Doug Foreman is chief investment officer and a portfolio manager at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He is also a member of the executive management committee.

Before joining Kayne Anderson Rudnick in 2011, Mr. Foreman was director of equities at HighMark Capital Management. Prior to that, he was group managing director and chief investment officer of U.S. equities at Trust Company of the West (TCW). He began his investment career at Putnam Investments as an equity research analyst and portfolio manager.

Mr. Foreman earned a B.S. in marine engineering from The U.S. Naval Academy and an M.B.A. from Harvard University. He is a CFA® charterholder. He began working in the investment industry in 1986.

Jon Christensen is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He has primary research responsibilities for the small- and mid-cap health care and industrials sectors.

Before joining Kayne Anderson Rudnick in 2001, Mr. Christensen was a portfolio manager and senior research analyst for Doheny Asset Management.

Mr. Christensen earned a B.S. in mathematics/applied science from the University of California, Los Angeles, and an M.B.A. from California State University, Long Beach. He is a Chartered Financial Analyst® (CFA®) charterholder. He began working in the investment industry in 1995.

Julie Kutasov is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. She has primary research responsibilities for the small- and mid-cap materials, industrials, and utilities sectors.

Before joining Kayne Anderson Rudnick in 2001, Ms. Kutasov worked at Goldman Sachs in a program focused on investment management for high-net worth individuals. Prior to that, she was a senior associate at Arthur Andersen, leading teams that provided financial audit and business advisory services to a variety of clients in service-related industries.

Ms. Kutasov earned a B.A. in business economics, summa cum laude, from the University of California, Los Angeles, and an M.B.A. from Harvard Business School. She previously worked as a Certified Public Accountant in the state of California. She began working in the investment industry in 2001.

Craig Thrasher is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. Mr. Thrasher has primary research responsibilities for emerging markets small-cap and international small- and mid-cap equities.

Before joining Kayne Anderson Rudnick in 2008, Mr. Thrasher worked at Kirr, Marbach & Company as an equity analyst, and at Wedbush Morgan Securities in correspondent credit.

Mr. Thrasher earned a B.S. in business and public administration, with a concentration in finance, from the University of Arizona, and an M.B.A. from the University of Chicago, Graduate School of Business. He is a Chartered Financial Analyst® (CFA®) charterholder. He began working in the investment industry in 2003.

Richard Sherry is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He has primary research responsibilities for the mid- and large-cap consumer services, energy, financials, real estate, and utilities sectors.

Mr. Sherry joined Kayne Anderson Rudnick in 1995 as a marketing analyst before becoming a research analyst. Prior to joining Kayne Anderson Rudnick, he was an operations/marketing supervisor at Pilgrim Asset Management.

Mr. Sherry earned a B.A. in economics from the University of California, Los Angeles, and an M.B.A. from the University of Southern California. He is a CFA® charterholder and a member of the CFA Society of Los Angeles. Mr. Sherry began working in the investment industry in 1991.

Todd Beiley is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He has primary research responsibilities for the small- and mid-cap financials and technology sectors.

Before joining Kayne Anderson Rudnick in 2002, he worked as an associate analyst in equity research at Prudential Securities. Prior to that assignment, he was an equity research associate at RNC Capital Management.

Mr. Beiley earned a B.S. in finance from Northern Arizona University and an M.B.A. from the University of Southern California. He is a CFA® charterholder and has been working in the investment industry since 1999.

Craig Stone is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. Mr. Stone has primary research responsibilities for the small- and mid-cap real estate and consumer discretionary sectors.

Before joining Kayne Anderson Rudnick in 2000, Mr. Stone was a portfolio manager at Doheny Asset Management.

Mr. Stone earned a B.S. in international business from San Francisco State University and an M.B.A. from the University of Southern California. He began working in the investment industry in 1989.

Hyung Kim is a portfolio manager and senior research analyst at Kayne Anderson Rudnick, an investment management affiliate of Virtus Investment Partners. He has primary research responsibilities for emerging markets small-cap and international small- and mid-cap equities.

Prior to joining Kayne Anderson Rudnick in 2017, Mr. Kim served as an international equity analyst at Advisory Research Inc. for seven years, and as a portfolio manager on its global value strategy. Before joining Advisory Research, he worked as a research analyst at Coghill Capital Management and in corporate banking at HSBC and Woori Bank in Seoul, Korea. Mr. Kim also worked as an equity research intern at CLSA in Seoul.

Mr. Kim earned a B.A. in German with a minor in economics from Hankuk University of Foreign Studies in Seoul, Korea, and an M.B.A. in accounting and finance from the University of Chicago Booth School of Business. He is fluent in Korean and German. Mr. Kim began working in the investment industry in 2004.

Chris Wright is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He has primary research responsibilities for the small- and mid-cap financials, technology, energy, and industrials sectors.

Mr. Wright began working in the financial industry in 2001. Before joining Kayne Anderson Rudnick in 2012, he worked at Alvarez & Marsal as a senior associate in Turnarounds and Restructuring. Prior to that, he was at Houlihan Lokey Howard & Zukin as an associate in the Investment Banking Financial Institutions Group.

Mr. Wright earned a B.S.E., with a concentration in finance, from the Wharton School at the University of Pennsylvania and an M.B.A. from the University of California, Los Angeles. Mr. Wright is a CFA® charterholder and a member of the CFA Society of Los Angeles.

Julie Biel is a portfolio manager and a senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. She has primary research responsibilities for the small- and mid-capitalization technology and health care sectors.

Before joining Kayne Anderson Rudnick in 2013, Ms. Biel worked at Imperial Capital as an equity research associate. Prior to business school, Ms. Biel was an equity research associate at Merrill Lynch.

Ms. Biel earned a B.A. in economics and psychology from New York University and an M.B.A. from the University of California, Los Angeles. She is a Chartered Financial Analyst® (CFA®) charterholder. She began working in the investment industry in 2004.

Chris Armbruster is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He has primary research responsibilities for the mid- and large-cap communication services, consumer discretionary, health care, and technology sectors.

Prior to joining Kayne Anderson Rudnick in 2013, Mr. Armbruster worked at B. Riley & Co. as an associate analyst covering special situations, and at Al Frank Asset Management as a vice president in equity research. He has approximately 14 years of equity research experience.

Mr. Armbruster earned a B.A. in business economics, with a minor in accounting, from the University of California, Los Angeles. He is a CFA® charterholder and is a member of the CFA Society of Los Angeles. He began working in the investment industry in 2004.