Scott Lon Barbee

MR. BARBEE SERVES AS THE PORTFOLIO MANAGER, PRESIDENT AND TRUSTEE OF THE AEGIS FUNDS, A REGISTERED OPEN-END INVESTMENT COMPANY, LOCATED IN MCLEAN VA, FOR WHICH AEGIS FINANCIAL CORP. ACTS AS INVESTMENT ADVISER. THIS ACTIVITY IS INVESTMENT RELATED AND IT IS A FULL-TIME JOB MANAGING THE FUND'S PORTFOLIO. MR. BARBEE HAS BEEN TRUSTEE OF THE AEGIS FUNDS SINCE ITS INCEPTION IN JANUARY 2004. MR. BARBEE HAS SERVED AS PORTFOLIO MANAGER AND OFFICER OF THE AEGIS VALUE FUND SINCE ITS INCEPTION IN MAY 1998. AEGIS VALUE FUND MERGED INTO THE AEGIS FUNDS AS A SEPARATE SERIRES IN FEBRUARY 2014. MR. BARBEE SERVES AS PRESIDENT AND DIRECTOR OF THE BARBEE FAMILY FOUNDATION, LOCATED IN COLLEGE STATION TX, A PRIVATE NON-PROFIT CHARITABLE ORGANIZATION SINCE DECEMBER 2012. HE SPENDS ABOUT 10 HOURS ANNUALLY OVERSEEING INVESTMENT AND OTHER ACTIVITIES OF THE FOUNDATION. MR. BARBEE ALSO SERVES AS DIRECTOR OF DONALD SMITH & COMPANY, A REGISTERED INVESTMENT ADVISOR, AND DONALD & PAULA SMITH FAMILY FOUNDATION, A CHARITABLE ORGANIZATION. MR. BARBEE'S DUTIES INCLUDE OVERSIGHT OF INVESTMENT ACTIVITY. MR. BARBEE SPENDS APPROXIMATELY OVER 30 HOURS ANNUALLY CARRYING OUT HIS DUTIES FOR THESE TWO ENTITIES LOCATED IN NEW YORK CITY NY. MR. BARBEE BECAME DIRECTOR OF BOTH ORGANIZATIONS IN MAY 2014. MR. BARBEE ALSO SERVES AS DIRECTOR OF ATLAS ECONOMIC RESEARCH FOUNDATION, A CHARITABLE ORGANIZATION HEADQUARTERED IN WASHINGTON DC. MR. BARBEE'S DUTIES INCLUDE MANAGER SELECTION FOR THE FOUNDATION'S CASH DEPLOYMENT. ESTIMATED TIME INVOLVED WITH FOUNDATION WORK IS APPROXIMATELY 80 HOURS ANNUALLY. MR. BARBEE BECAME DIRECTOR AND TREASURER OF THE ATLAS ECONOMIC RESEARCH FOUNDATION IN NOVEMBER 2015.