James J. Zenni, Jr., age 58, is President, Chief Executive Officer and Managing Principal of Z Capital, having served in such roles since 2006, and is responsible for all portfolio management and business operations.
From 1995 to 2006, Mr. Zenni was Managing Principal of Black Diamond Capital Management, L.L.C. ("BDCM").
With over thirty years of experience, Mr. Zenni
has had substantial success investing in and overseeing management of companies in multiple industries, and in private equity and related credit strategies.
Mr. Zenni is currently a member of the board of directors of private companies Mrs. Fields Famous Brands, LLC, Neways Holdings, Ltd. and Real Mex Restaurants, and was previously a member of the board of directors of Automotive Aftermarket Group, LLC, Bayou Steel Corporation, Smarte Carte Corporation and Sun World International, LLC, all of which were or are portfolio companies.
Mr. Zenni also served as a member of the board of directors of the Lake Forest Country Day School and Rosalind Franklin University.
Mr. Zenni is a graduate of Xavier University with a Bachelor of Science degree in economics and attended Xavier University Graduate School of Business and University of Vienna School of Economics and Business Administration.
In the states where the Company has been licensed (Colorado, Iowa, Missouri and Nevada), Mr. Zenni
has sought approval from, and been "found suitable" by, the respective gaming authorities.
The business and record address of Mr. Zenni
is Z Capital Partners, L.L.C.
, Two Conway Park, 150 N. Field Drive, Suite 300, Lake Forest, IL 60045.
The principal occupation or employment of Mr. Zenni is President, Chief Executive Officer and Managing Principal of Z Capital.
We believe that Mr. Zenni's
extensive experience as an investor, manager and director, including experience with the hospitality and gaming industry, will be valuable to the Board.
In addition, his
depth of experience in financial and operational turnarounds will provide the appropriate perspective as the Board evaluates value maximizing alternatives.
As of the date hereof, Mr. Zenni directly beneficially owns 6,171,017.40 Shares and, as such, is a beneficial owner of greater than 10% of the securities of the Company.
has not failed to file, nor failed to file on a timely basis, reports during the last fiscal year or the current fiscal year related to the Company that are required by Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
For information regarding purchases and sales during the past two years by each of the members of the Z Capital Group
of securities of the Company that may be deemed to be beneficially owned by Mr. Zenni
, see Schedule I.
Each of the Nominees specifically disclaims beneficial ownership of such Shares that he
does not directly own.