Executive Officers

Jim Tumulty, 58
Chief Executive Officer and Director

Jim Tumulty has over 35 years’ experience in the financial sector and has worked across a broad range of services including restructuring, capital markets, corporate finance, and M&A. Prior to founding Calibre Group in 2014, Mr. Tumulty spent the previous twelve years at The Seaport Group (the predecessor to Seaport Holdings) and Raymond James & Associates, where he led a team of professionals focused on investment banking services for the steel, paper and manufacturing industries. Mr. Tumulty has served as CEO of Morgan Joseph’s Broker/Dealer and ran the High Yield, Distressed Debt, and “Difficult Financing” groups. He also started and ran the steel industry banking practice at Morgan Joseph. Mr. Tumulty was a director and shareholder at Libra and ran the High Yield Trading Desk and Distressed Debt effort at Libra Securities. Mr. Tumulty played key roles in the Distressed and Restructuring groups at Paine Webber, Scotia Capital and Nat West Bank. Mr. Tumulty began his career in the International Fixed Income Department at Drexel Burnham Lambert. Mr. Tumulty is Chairman of the Board of Directors of Miami Valley Steel Services, and is a significant shareholder. Mr. Tumulty was a founding shareholder of New Star Metals (now Material Sciences Corporation), a rapidly growing steel processing concern. He served as an advisor on the Material Sciences Corporation management-led buyout, and served on its board from?2017 until its sale in?2019. Mr. Tumulty serves on the Board of Directors of Specialty Steel Holdings (formally known as Optima Specialty Steel), and formerly served on the Board of Directors of Hunters Specialties Products, a leading outdoor apparel, equipment and accessory company from 2014 to 2017, as well as formerly serving on the Board of Directors of Esmark from 2004 to 2008. Mr. Tumulty received his B.A. from Temple University in 1987 and his J.D. from New York Law School in 1995.

Ed Siegel, 61
Chief Financial Officer

Ed Siegel has over 29 years of experience in investment banking and financial analysis. Prior to founding Calibre Group in 2014 he spent the prior twelve years as an executive in Steel and Industrial Banking groups at the Seaport Group and Raymond James & Associates. He also was Manager of High Yield and Corporate Fixed Income desk analysts following three and one-half years as manager of High Yield Research at TD Securities’ New York office where he led TD’s Industrial Research efforts. Prior to TD, Mr. Siegel was a High Yield Research Analyst at Lehman Brothers for two and one-half years. Mr. Siegel followed the Paper & Forest Products Industry, the Packaging Industry and the Steel Industry for Lehman Brothers High Yield Fixed Income group. Mr. Siegel’s prior experience includes similar roles at Scotia Capital Markets and Lehman Brothers. Mr. Siegel’s areas of expertise include Paper & Forest Products companies, Packaging companies, Steel companies, Cable Television companies, Automotive parts companies and General Industrial companies. Mr. Siegel was appointed to the Board of Directors at Miami Valley Steel Services in 2014. Mr. Siegel achieved an Institutional Investor ranking for his work in the Paper & Forest Products Industry in 1997 and still remains highly regarded by institutional investors. Mr. Siegel has an undergraduate degree from Tufts University (1982) and earned his CFA designation in?1991.

Shawn Tumulty, 56
Chief Investment Officer

Shawn Tumulty brings a unique skill set developed over his 31-year career as a restructuring professional, portfolio manager, and investor spanning the high yield, distressed debt, merger arbitrage, value equity, and private equity asset classes. During his 20 years at Franklin Mutual Advisers, LLC, in his roles as analyst, portfolio manager, head of distressed debt investing, and Vice President of the adviser, he negotiated many of the largest and most complex bankruptcy and out-of-court restructurings as a lead investor or creditor committee member, and often as a member of the steering committee. These restructurings include Finova, Comdisco, Pacific Gas & Electric, Adelphia Communications, CIT, Trump, Caesars, iHeart (also known as Clear Channel Communications), Cumulus, Frontier Communications, and Windstream. While his restructuring experience is broad-based and spans numerous industries, Mr. Tumulty’s private equity investments are more focused on the steel and industrial sectors where he worked on names including International Steel Group, a groundbreaking steel industry roll-up initiated through a series of Bankruptcy Code Section 363 asset sales that required significant operational restructuring before eventually being sold to Mittal, and Esmark, a roll-up of the several steel service center businesses that eventually merged with Wheeling Pittsburgh and sold to Severstal. Prior to joining Franklin Mutual Advisors in 2000, Mr. Tumulty was a member of the distressed debt investment sleeve at Hamilton Partners, Ltd, a Bermuda-based hedge fund, from 1998 to 1999. From 1992 to 1998, Mr. Tumulty was an analyst, investor, and ultimately the leader of Proprietary Investment Group at Bankers Trust Company, deploying bank capital in the value equity, merger arbitrage, and distressed debt asset classes seeking asymmetric risk-adjusted returns. Mr. Tumulty began his career in 1989 as a desk analyst in the high yield department at Kidder Peabody & Company. Mr. Tumulty’s previous board experience includes Esmark and Motor Coach Industries. Mr. Tumulty received his B.A. in Economics from Wagner College in 1989. Mr. Tumulty is the brother of Jim Tumulty.

Board of Directors

Stephen Smith, 61
Director Nominee

Stephen C. Smith founded Seaport Global Asset Management LLC (“SGAM”), an SEC registered investment advisor and a wholly-owned subsidiary of Seaport Global Holdings LLC (“Seaport Holdings”), in August 2017. Mr. Smith currently serves as SGAM’s Chief Executive Officer and Chairman of its Investment Committee and oversees all SGAM’s investing and business activities. He is also the Chairman and Chief Executive Officer of Seaport Global Acquisition Corp., which completed its initial public offering in October of 2020 and entered into a business combination agreement with Redbox in May 2021. In April 2001, Mr. Smith co-founded The Seaport Group LLC (currently known as SGH), which is a full-service, mid-sized independent investment bank that offers capital markets advisory, sales, trading and research services. Prior to that, from December 1999 to March 2001, Mr. Smith was a Managing Director at Amroc Securities, LLC, a financial service firm, where he focused on distressed sales and trading. In June 1991, he co-founded a distressed debt broker-dealer, Libra Investments, Inc., which was acquired by U.S. Bancorp in January 1999. Mr. Smith began his career at Merrill Lynch in 1982 and from 1984 to 1988 he ran the taxable fixed income trading desk for its unit trust department. In addition, Mr. Smith worked as a salesperson at S.N. Phelps & Co., a financial management firm, from 1988 to 1989 and Jefferies & Company, a financial services company, from 1989 to 1991.

Patrick Murley, 54
Director Nominee

Patrick Murley is a Partner of Sky Island Capital. Mr. Murley is responsible for overseeing the operations of all of Sky Island’s portfolio companies and sits on the firm’s Investment Committee. Mr. Murley is also the Chairman and Chief Executive Officer of Material Sciences Corporation. He has been the CEO of Material Sciences and its predecessor companies since it was acquired by Severstal in September 2008. Prior to leading Material Sciences, Mr. Murley was Severstal’s Vice President of Strategy and Business Development. He also spent twenty years at Worthington Industries in various capacities, serving as Vice President of Steel Operations for his last six years with the company. Mr. Murley currently serves on the boards of Material Sciences, Special Steel Works Inc., and Miami Valley Steel Service Inc. He was previously a board member of Atlas Paper Mills until it was successfully sold to a strategic acquirer. Mr. Murley has worked with several private equity companies including Aurora Capital, Insight Equity, and Peak Rock Capital. Mr. Murley earned his MBA with distinction from the Ross School of Business at the University of Michigan. He also graduated cum laude with a BS in Metallurgical Engineering from Ohio State University.

Robert McMaster, 73
Director Nominee

Robert McMaster is the Chairman of Sally Beauty Holdings, Inc. (NYSE: SBH), a retail and distribution company with nearly 5,000 locations focused on professional hair, nail and cosmetic products. He retired in October 2020 after 14 years as a director of Carpenter Technology Corporation, a manufacturer of specialty metal alloys and provider of additive manufacturing solutions in the SMMP sector. He previously served as Senior Financial Advisor to the CEO of Worthington Industries, Inc. from October 2008 to May 2013. He also was a director of American Eagle Outfitters, Inc. from May 2003 to June 2006 and Dominion Homes, Inc. from May 2006 to May 2008. He spent 27 years, from 1970 to 1997, with KPMG LLP, including holding positions as the Ohio Area Managing Partner and a member of the firm’s Management Committee. He also served as CEO of Westward Communications, LLC and Westward Communications, LP, as well as its successor companies ASP Westward, LLC and SP Westward, LP, from 1997 to 2005.

Lee Muller, 61
Director Nominee

Lee Muller has served in various executive and advisory capacities since October 2020 at CWP Global and its affiliates, an international renewable energy developer and global pioneer in the development of ultra large green hydrogen hubs. Between June 2020 and June 2021, Mr. Muller was an advisor to Morgan Stanley Infrastructure Partners in connection with investments in the water sector. Mr. Muller served as Senior Vice President and Chief Financial Officer of AquaVenture Holdings Limited (NYSE: WAAS) between October 2014 and April 2020, prior to its acquisition by Culligan. He was also the Senior Vice President and Chief Financial Officer of AquaVenture Holdings’ Seven Seas Water business from December?2013 through April 2020. From October 2005 to December 2012, Mr. Muller served in various executive capacities, including Executive Vice President and Chief Financial Officer, at ContourGlobal plc, a developer, owner and operator of electric power businesses. Mr. Muller was also an investment banker with Goldman Sachs & Co. LLC for over?10 years where he specialized in international project finance. Mr. Muller holds a B.S. in Accounting and Finance from Boston University and an M.B.A. from the University of Chicago.