Board of Directors


Barry A. Igdaloff

Chairman of the Board of Directors
Barry A. Igdaloff has served on the Board of Directors since 2009. He has served as the sole proprietor of Rose Capital, a registered investment advisor in Columbus, Ohio, since 1995. Mr. Igdaloff has been a director of Dynex Capital, Inc. since 2000, is chairman of its compensation committee and is a member of its audit committee and nominating and corporate governance committee. Previously, Mr. Igdaloff was a director of Guest Supply, Inc. prior to its acquisition by Sysco Foods in 2001. Prior to entering the investment business, Mr. Igdaloff was an employee of Ernst & Whinney’s international tax department. Mr. Igdaloff is a non-practicing CPA and a non-practicing attorney.

Howard M. Amster

Director
Howard M. Amster has served on the Board of Directors since 2009. He is an owner and operator of multiple real estate investments. Since March 1998, Mr. Amster has served as President of Pleasant Lake Apts. Corp., the corporate general partner of Pleasant Lake Apts. Limited Partnership. Mr. Amster also serves as a director of Maple Leaf Financial, Inc., the holding company for Geauga Savings Bank, and newAX, Inc. (formerly Astrex, Inc.) and since 2000, has served as a Principal with Ramat Securities Ltd., a securities brokerage firm. From 1992 to 2000, Mr. Amster was an investment consultant with First Union Securities (formerly EVEREN Securities and formerly Kemper Securities).

Jeffrey E. Eberwein

Director
Jeffrey E. Eberwein has served on the Board of Directors since 2015. Mr. Eberwein has over 20 years of Wall Street experience and is the founder and CEO of Lone Star Value, an investment firm. Prior to that, Mr. Eberwein served as a portfolio manager at Soros Fund Management and Viking Global Investors. Mr. Eberwein is currently Chairman of the boards of ATRM Holdings, Inc., Digirad Corporation and Crossroads Systems, Inc. He is also a director of Hudson Global, Inc. Mr. Eberwein previously served as a director of NTS, Inc., On Track Innovations Ltd. and Goldfield Corporation. Mr. Eberwein earned an MBA from The Wharton School, University of Pennsylvania and a BBA with High Honors from The University of Texas at Austin.

Robert G. Pearse

Director
Robert G. Pearse has served on the Board of Directors since 2015. Mr. Pearse currently serves as a Managing Partner at Yucatan Rock Ventures, a firm he co-founded in 2004. Mr. Pearse serves as a director for Aviat Networks, Inc. and as a member of its Compensation Committee and Nominating & Governance Committee since 2015. Mr. Pearse has also served as a director for Crossroads Systems, Inc. since 2013, where he is also Chairman of the Compensation Committee, and a member of the Audit Committee and Nominating & Governance Committee. From 2005 to 2012, Mr. Pearse served as vice president of Strategy and Market Development at NetApp, Inc. From 1987 to 2004, Mr. Pearse held leadership positions at Hewlett-Packard, most recently as the vice president of Strategy and Corporate Development from 2001 to 2004. Mr. Pearse’s professional experience also includes positions at PricewaterhouseCoopers LLP, Eastman Chemical Company and General Motors Company. Mr. Pearse earned an MBA from the Stanford Graduate School of Business in 1986, and a BSME from the Georgia Institute of Technology in 1982.

Charles Gillman

Director
Charles M. Gillman has served on the Board of Directors since 2016. Mr. Gillman is the head of the IDWR Multi-Family Office, a position he has held since 2013. The IDWR employs a team of analysts with expertise in finding publicly traded companies that require operational enhancement and an improvement in corporate capital allocation. From 2001 to 2013, Mr. Gillman was a portfolio manager of certain family office investment portfolios at Nadel and Gussman, LLC. Prior to his employment at Nadel and Gussman, Mr. Gillman worked in the investment industry and as a strategic management consultant at McKinsey & Company, where he gained experience designing operational turnarounds of U.S. and international companies. Mr. Gillman currently serves on the Board of Directors of two other publicly-traded companies: Hooper Holmes, Inc. (NYSE MKT: HH) and Digirad Corporation (NASDAQ: DRAD), both of which provide various healthcare-related services. Mr. Gillman is a Summa Cum Laude graduate of the Wharton School and a Director of the Penn Club of New York which serves as the Manhattan home of the Wharton and Penn alumni community.

Contacting the Board of Directors


The Board of Directors believes it is important for security holders and interested parties to be provided with a means to communicate directly with the Board, an individual Director, or the chairman of standing Board of Directors Committees by writing to those individuals at the following address:

Novation Board of Directors
Novation Companies, Inc.
2114 Central Street, Suite 600
Kansas City, MO 64108

Communications that are intended specifically for the non-management directors should be sent to this address to the attention of the Chair of the Nominating and Corporate Governance Committee. The Company's general policy is to forward, and not to intentionally screen, any substantive mail received at the Company's corporate office that is sent directly to a director; however, (i) routine advertisements and business solicitations and (ii) communications deemed to be a security risk or principally for harassment purposes, may not be forwarded in the discretion of the Corporate Secretary, provided that in the latter case the Chairman of the Board and Lead Independent Director are notified thereof.

Contacting the Audit Committee of the Board of Directors


If you have any concerns or complaints about accounting, internal accounting controls or auditing matters you may contact the Audit Committee of the Board of Directors by any of the following means:

By Mail

The Audit Committee of the Board of Directors
Novation Companies, Inc.
2114 Central Street, Suite 600
Kansas City, MO 64108

By Internet

Audit Committee

By Phone

Ethics Hotline
1-800-591-1137

Communications can be submitted anonymously and/or confidentially.
All communications to the Audit Committee through the phone or internet options are received and processed by a third party vendor.