Topic:
Jeff Gramm and James Pappas will discuss Activist Investing
Presentation Summary:
Speaker Details:
James Pappas
Managing Member
JCP Investment Management, LLC
Mr. Pappas serves as a director of Innovative Food Holdings, Inc. (OTC:IVFH), a direct-to-chef and restaurant specialty food platform, since January 2020, Tandy Leather Factory, Inc. (NASDAQ:TLF), a retailer and wholesale distributor of a broad line of leather and related products, since June 2016, and United Natural Foods, Inc. (NYSE: UNFI), a food distributor to grocery stores, since November 2023.
Mr. Pappas previously served as a director of each of Jamba, Inc. (formerly NASDAQ:JMBA), a leading health and wellness brand and the leading retailer of freshly squeezed juice, from January 2015 until the completion of its sale in September 2018, U.S. Geothermal Inc. (formerly NYSEMKT:HTM), a leading geothermal energy company, from September 2016 until the completion of its sale in April 2018, and The Pantry, Inc. (formerly NASDAQ:PTRY), a leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country, from March 2014 until the completion of its sale in March 2015. He also served as Chairman of the board of directors of Morgan’s Foods, Inc. (formerly OTC:MRFD), a then publicly traded company, from January 2013 until May 2014, when the company was acquired by Apex Restaurant Management, Inc., after originally joining its board as a director in February 2012. From 2007 until 2009, Mr. Pappas was a private investor, in addition to consulting with several businesses.
From 2005 until 2007, Mr. Pappas worked for The Goldman Sachs Group, Inc. (NYSE:GS) (“Goldman Sachs”), a multinational investment banking and securities firm, in its Investment Banking / Leveraged Finance Division. As part of the Goldman Sachs Leveraged Finance Group, Mr. Pappas advised private equity groups and corporations on appropriate leveraged buyout, recapitalization and refinancing alternatives.
Prior to Goldman Sachs, Mr. Pappas worked at Banc of America Securities, the investment banking arm of Bank of America Corporation (NYSE:BAC), a multinational banking and financial services corporation, where he focused on Consumer and Retail Investment Banking, providing advice on a wide range of transactions including mergers and acquisitions, financings, restructurings and buy-side engagements.
Mr. Pappas serves on several private company boards, including Clean Energy Services, an operations maintenance and repair company for renewables, and Bludorn Hospitality Group, a casual luxury hospitality companies in the food and beverage business.
Mr. Pappas serves as Secretary for the Endowment Advisory Board of the Annunciation Greek Orthodox Church, on the Methodist Hospital Gastro Division’s Advisory Board and the Masters in Finance Advisory Board for Texas A&M.
Mr. Pappas received a BBA and a Masters in Finance from Texas A&M University and also serves on the Steering Committee for the Master of Science Finance Program at Texas A&M.
Jeff Gramm
Bandera Partners
Jeff Gramm manages Bandera Partners, a value-oriented hedge fund. His book,
Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism was named one of the best books of 2016 by the Financial Times. It has been praised as "a terrific read" by Andrew Ross Sorkin in the New York Times, "a revelation" by the Financial Times, "a grand story" by James Grant in The Wall Street Journal, and “an engaging and informative book” by The New Yorker. Warren Buffett praised the book and included it in the Berkshire Hathaway annual meeting bookstore. Charles Schwab wrote about Dear Chairman, “It should be required reading for anyone who wants to participate in our great ownership system, as investor or manager.”
Jeff teaches Shareholder Activism at Columbia Business School, and taught Value Investing there from 2011 to 2016. Jeff has served on seven public company boards, given talks about corporate governance all over the world, and delivered guest lectures at various business schools including Harvard, Stanford, Chicago, Penn, MIT, UVA and NYU.
This presentation will give 1.0 of PL credit.
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