JEFFREY D. SERKES, CHIEF OPERATING OFFICER

Mr. Serkes joined Palisade Capital in February 2007 and is a Principal and member of the Investment Policy Committee. Prior to joining Palisade, he was Senior Vice President & Chief Financial Officer of Allegheny Energy, Inc. from 2003 to 2006. From 1994 through 2002, Mr. Serkes was at the IBM Corporation, where he served as Vice President & Treasurer and Vice President, Finance, Sales & Distribution. Prior to IBM, he worked in a variety of treasury and finance positions with RJR Nabisco, Inc. and The Dun & Bradstreet Corporation. Mr. Serkes received his M.B.A. in Finance from the Rutgers Graduate School of Business, where he currently serves on the Board of Advisers, and his B.B.A. in Accounting from The George Washington University.