Spencer C. Fleischer, a director since July 2013, is Managing Partner of Friedman Fleischer & Lowe, LLC (“FFL”). Before co-founding FFL in 1997, Mr. Fleischer spent nineteen years at Morgan Stanley & Company as an investment banker and senior leader. During his time there, he led business units across the globe, including serving as Head of Investment Banking in Asia, Head of Corporate Finance for Europe and Head of Corporate Finance in San Francisco. Mr. Fleischer was selected to join the board due to his broad financial and international business perspective developed over many years in the investment banking industry. Mr. Fleischer currently serves as a director of Clorox, Banner Bank, Strategic Investment Group and Transtar Holding Company.