                                                   |
 Michael S. Pak, CFA Senior Vice President and Equity Research Analyst Clarkson Capital Markets Mr. Michael S. Pak is a Senior Vice President and Equity Research Analyst, covering global shipping at Clarkson Capital Markets (CCM). He joined CCM in 2010 and launched coverage of U.S. listed shipping companies in 2011. Previously, during 2008-2009, Pak was a Vice President and Senior Analyst in the Equity Research Department at Banc of America Securities LLC (BAS), where he covered Shipping, Transportation & Logistics within the Diversified Industries group. In 2005-2008, Pak served as a team analyst for BAS's Packaging and Paper/Forest research team, which ranked number-one on Institutional Investor's "All-America Research Team". Prior to joining BAS, he was a team analyst for the number-one Institutional Investor-ranked Packaging research group at Citigroup Investment Research, during 2000-2005. Pak, a Chartered Financial Analyst, is a member of the CFA Institute and the New York Society of Security Analysts. He earned a bachelor of science degree in economics from New York University's Stern School of Business and a master of business administration degree from Cornell University's Johnson School of Management. |