RIVER ROAD ASSET MANAGEMENT

River Road Asset Management, LLC is an institutional investment management firm founded in April 2005 by James C. Shircliff, CFA (CIO); R. Andrew Beck (President & CEO, Senior Portfolio Manager); and Henry W. Sanders III, CFA (EVP, Senior Portfolio Manager). River Road was formed based upon the ‘Absolute Value’ investment discipline, a distinct portfolio management approach that occupies a unique niche between the more recognized Deep Value and Relative Value investment styles. Louisville, Kentucky-based River Road provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. The firm manages more than $10 billion in assets (as of December 31, 2013).