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Mr. Kaplan has been a director since April 2007. Mr. Kaplan is the co-head of the Principal Group of Oaktree Capital Management, LLC. He joined Oaktree Capital Management, LLC in 1995, having previously served as a Managing Director of TCW and portfolio manager of TCW Special Credits Fund V The Principal Fund. Prior to joining TCW in 1993, Mr. Kaplan was a partner with the law firm of Gibson, Dunn & Crutcher and responsible for that firm’s east coast bankruptcy and workout practice.
During his career as an attorney, Mr. Kaplan specialized in transactions involving the purchase and sale of companies undergoing financial restructurings. Mr. Kaplan currently serves as a director of Cannery Casino Resorts, Genco Shipping & Trading, General Maritime, HydroChem Industrial Services, and Regal Entertainment. Pursuant to a Governance and Standstill Agreement entered into in connection with their purchase of 49% of our outstanding shares of common stock from Viewer Holdings LLC, Oaktree and MTS currently collectively have the right to designate three persons to our Board of Directors, and Mr. Kaplan is one of those designees. | 