Friday, September 10, 2010  
Board of Directors

Barry B. Goldstein

Jay M. Haft

Jack D. Seibald

David A. Lyons

Michael Feinsod

Mr. Seibald is a Managing Director of Concept Capital, a division of SMH Capital, Inc. and has been affiliated with the firm and its predecessors since 1995. Mr. Seibald has extensive experience in equity research, investment management, and prime brokerage services dating back to 1983. From 1997 to 2005, Mr. Seibald was also a Managing Member of Whiteford Advisors, LLC, an investment management firm, where as co-founder he co-managed several pools of funds. He began his career at Oppenheimer & Co. and has also been affiliated with Salomon Brothers, and Morgan Stanley & Co. Mr. Seibald also operated The Seibald Report, Inc., an independent research firm specializing in the retailing sector. He holds an M.B.A. from Hofstra University and a B.A. from George Washington University.
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