Why Investing Is Like Betting at the Race Track – Nelson Obus of Wynnefield Capital Management

Nelson Obus has co-managed with Joshua Landes, Wynnefield Partners Small Cap Value L.P. since its inception in November 1992, Wynnefield Partners Small Cap Value L.P. I since its inception in July 1997 and the Wynnefield Small Cap Value Offshore Fund, Limited since its inception in January 1997. His principal responsibilities are as Chief Investment Officer. From February 1990 until September 1992 he was Research Director of Schafer Capital Management, Inc. and Schafer Cullen Management, Inc. Prior thereto, Mr. Obus worked at Lazard Freres & Co., for eight years as an analyst, account executive and research director in its institutional sales department. He received a B.A. from New York University and a M.A. and A.B.D. from Brandeis University in Politics. Before coming to Wall Street, Mr. Obus worked as an educator and land manager in the environmental field. Mr. Obus serves on the Board of Directors, the Audit Committee, and the Compensation Committee of Layne Christensen Co. (NASDAQ: LAYN), the Board of Directors, the Audit Committee, the Strategic Committee and the Nominating and Governance Committee of Breeze-Eastern Corporation (NYSE: BZC), the Board of Advisors of the Appalachian Mountain Club, the Board of Directors of the Stonybrook – Millstone Watershed Association, as well as the Board of Directors of the Princeton Historical Society.