Thomas M. Bancroft III

Thomas M. Bancroft III was appointed to our board of directors in February 2015. Mr. Bancroft is currently the managing member, portfolio manager and chief investment officer at Makaira Partners, LLC, an investment management firm that he founded in 2007. Mr. Bancroft previously served as a senior managing director and portfolio manager at Plaza Investment Managers, Inc., a wholly owned subsidiary and the internal investment division of GEICO, one of the largest auto insurance companies in the United States. GEICO is an indirect, wholly owned subsidiary of Berkshire Hathaway, Inc. Mr. Bancroft began his career as a staff writer and reporter for Financial World and Forbes, respectively.