The persons named in the enclosed proxy will vote to elect Albert G. Pastino, C. Michael Jacobi and Samuel P. Frieder
as directors unless the proxy is marked otherwise.
Samuel P. Frieder(1)
Mr. Frieder is not an Independent Director because he is an officer of the Company.
Samuel P. Frieder, Vice President
Mr. Frieder has served on Kohlberg Capital’s Board since December 2006, serves on the Valuation Committee of the Board and is a Vice President of the Company.
Mr. Frieder joined Kohlberg & Co., a leading middle market private equity firm, in 1989 and became a Partner in 1995 and co-managing partner in 2006.
Kohlberg & Co.
has invested approximately $2.5 billion of equity capital in over 100 middle market platform and add-on acquisitions with a combined transaction value of over $7 billion.
From 1988 to 1989 he was a senior associate in the Capital Funding Group at Security Pacific Business Credit.
Prior to that, he was a senior real estate analyst at Manufacturers Hanover Trust Company.
Mr. Frieder received an A.B. from Harvard College.
Mr. Frieder serves on the board of directors of a number of private companies as well as on the Management Committee of Katonah Debt Advisors.
Mr. Frieder also serves on the board of directors of AGY Holding Corp., Bauer Performance Sports, Ltd., BioScrip, Inc., Katy Industries, Inc. and Stanadyne Corp.
As a result of these and other professional experiences, Mr. Frieder
possesses particular knowledge and experience in corporate finance, corporate governance, corporate and business development, business evaluation and oversight and financial analysis that strengthen the Board’s collective qualifications, skills and experience.
are not Independent Directors because they are officers of the Company.
Lacovara and Frieder are members of the KKAT Entities and therefore may have a pecuniary interest in certain of the shares held by the KKAT Entities.
Lacovara and Frieder
disclaim beneficial ownership of the shares held by the KKAT Entities except to the extent of their respective pecuniary interests therein.