steel partner insider newsletter spring 2016

Spring 2016 • INSIDER 1

We’re all investors at Steel Partners, and we’ve invested well — in good

companies, a continuous improvement culture, operational excellence programs, and in each other. We are a collective of self-starters with a common vision and numerous shared successes. Let’s keep the momentum going, continue to nurture and grow our investments, and support one another.

Respectfully,

Warren Lichtenstein

Dear Colleagues:

SPRING 2016

I got an email from a club volleyball coach who in the course of conversation mentioned that his team, which costs about $2,000 per player (before travel expenses), had instituted a ban on parents watching practices, except for the first practice per month. Some parents, he noted, were “irrrrrraaaaaateeeee” about this policy, which I take to mean they are a bit miffed.

I started thinking about why these parents would be so upset. Perhaps some simply enjoyed watching their kids practice. Maybe a few worried about something untoward happening away from their watchful eyes. But maybe it’s because I had just finished watching the nutty sports parent documentary “Trophy Kids,” in which parents referred to their “investment” in their child and talked about getting a high school coach they didn’t like fired as “business,” and I realized why these parents were upset: because they were investors being denied a voice in their investment.

And then I started thinking, you don’t have to have spent $2,000 on a single season for a single team to think along these lines — I’ve seen that kind of investor thinking among parents in my days as a rec league-level coach in multiple sports. But it’s especially true if you have parents paying $2,000 a clip — or you’re a high school coach who has players on your team whose parents have done that, many, many times.

You can gripe about parents talking too much, you can demand that parents write the check and shut up, but if you’re a coach who thinks that you can discount that investor thinking, right or wrong as it may be, and survive and thrive, you’re taking a huge risk.

Look at Tom Maier, a high school basketball coach who appeared as parental roadkill in “Trophy Kids.” He had a long, successful career as a high school basketball coach. Then he ran into the buzzsaw of parents who had spent, as one said in the movie, “Two Lamborghinis” on their players’ development. If they didn’t like what he was doing, they didn’t have to lump it; they could, and did, consider transferring their players, er, sons to other schools. Or, they could go to the school administration and let them know what’s up. Maier, who said in the movie that he wasn’t old-school, he was “right school,” right-schooled his way out of job.

I won’t say that Maier would still have a job today if he followed what I’m about to lay out, but the chances are certainly better than huffing he was

right, even if he probably was. So here is how a coach can operate as a CEO to make sure he or she can best negotiate his or her way through the youth-sports complex as it stands today:

1. You are no longer a God-like figure accountable to no one, no matter if you’ve been that way in the past.

2. The parents are your shareholders — they have fronted the money for the investment, and they expect the coach/CEO to protect and enhance that investment. Part of that process for a coach/CEO is to communicate clearly and regularly — the equivalent of quarterly reports or SEC filings — to let your parents/investors know what you’re doing, why you’re doing it, your expectation of results, and the results that you are seeing. You’re not trying to make everyone happy; that’s impossible. But at least you’re keeping them informed, and by staying in contact you’re learning which parents/shareholders trust you — and which ones could become dissidents trying to rally other shareholders against you.

3. As a coach/CEO, think of your school administration or club board as your board of directors. Even in rec league, you’ve got something like that. You also need to foment trust and show results to your board, which could then have your back if the shareholders get restless. The board is also going to give you direction. For example, if you’re a school coach, are you expected to attract transfers to your program? Are they OK with you just working with whomever shows up?

4. What about the kids? I’d love to have an easy answer for that. In a way, they’re your employees, your talent, the ones executing your plan. But given they are relatives of your shareholders (and perhaps your board), the relationship gets a little more complicated.

This isn’t as easy to manage as locking the gym doors and coaching to your heart’s content. It’s not necessarily fair to a coach. But a coach at any youth level has to be aware of these relationships and manage them in order to minimize disruption from parents/shareholders and have a positive experience for all.

In the case of this emailer, he’s handling things pretty well. There is an actual parent board who approved the policy limiting parents in practice. It’s the parents who aren’t on the board who got

Why A Coach Is A CEO Who Should Treat Parents As Shareholders! By Bob Cook, Forbes Contributor

upset, or those parents who like to coach from the stands. In that case, all you can do is manage your parents/shareholders, let them know what you’re trying to do, and hope they trust you. While you do have to manage your stakeholders as if you’re a CEO, a chief executive who doesn’t make the moves he or she thinks is best, and only makes moves in fear of what others think, is also a coach/CEO who won’t be around long.

From Forbes©, January 24, 2016, published by Forbes, Inc. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

Spring 2016 • INSIDER 32 INSIDER • Spring 2016

Strong as Steel Naming Contest WinnerHe’s a Winner! Of the Fall 2015 SP Insider contest, that is. Mark Guyer, Head of Continuous Improvement for API Laminates in Poynton, England was the BIG winner of the October 2015 Strong as Steel Naming contest. When he learned he had won, he said he was “really chuffed about it.” Congratulations, Mark!

Did You Know?• Steel comprises approximately 75 percent of all major

appliances.

• Susan G. Komen organization has invested over $2 billion dollars in breast cancer education, research, advocacy, health services and social support programs since it was founded in 1982.

• The first use of the term “coaching” to mean an instructor or trainer arose around 1830 in Oxford University slang for a tutor who “carries” a student through an exam. The first use of the term in relation to sports came in 1861.

• Gemba is a Japanese word meaning “the real place.” In business, gemba refers to the place where value is created.

• The euphonium is a large, conical-bore, baritone-

voiced brass instrument that derives its name from the Greek word euphonos, meaning “well-sounding” or “sweet-voiced.”

• Engineering has existed since ancient times as humans devised fundamental inventions such as the wedge, lever, wheel, and pulley.

• The first evidence of whiskey production in Scotland comes from an entry in the Exchequer Rolls for 1494.

• Boys & Girls Club youth development programs, training and services impacted more than 4 million children and teens last year.

• One of the first users of a virtual tour was Queen Elizabeth II, when she officially opened the visitor centre of Dudley Castle in England in June 1994. Because the Queen’s officials had requested titles, descriptions and instructions of all activities, the system was named and described as: “Virtual Tour, being a cross between Virtual Reality and Royal Tour.”

Mark Guyer, who was really chuffed with his iPad!

Mind Like a Steel Trap ContestWant to be the happy (or chuffed) owner of a new iPad Mini or a one-ounce Steel Partners commemorative silver bar? Employees who submit the correct answers – yep, they all have to be correct and they can all be found in this newsletter – to [email protected] will be entered in a random drawing to win the iPad Mini, while 25 runners-up will receive a one-ounce silver bar. Winners will be notified by email and announced in the next Steel Partners Insider newsletter.

• What state is known as the Volunteer State?• How many years ago did the Challenger shuttle tragedy occur?• Who wrote The Lean CEO: Leading the Way to World-Class

Excellence?• What is the English translation of Escondido?• What is the acronym STEM short for?• What’s another word for corrective action?• Who was the first woman to coach a men’s professional

basketball team?• What Steel Partners company’s business focuses on e-commerce

solutions?• What is the Maori word for meat?• What might someone in Great Britain say if they’re very pleased?

Comments? Suggestions?

This is your Steel Partners Insider! If you have ideas for future articles or information you’d like to see included, please contact the Steel Partners communications team.

Steel Partners Insider is for all employees, so this publication highlights activities and interests happening all across Steel Partners Holdings L.P. and its affiliated companies!

To submit ideas, please e-mail [email protected] or contact the following communications team member:

Jennifer [email protected]

For the past seven years, thousands of friends and families have gathered at the Manhattan Beach Pier to walk for kids with special needs and education. Every year of the SKECHERS Pier

to Pier Friendship Walk has broken new records in attendance and donations – and this year was no different! More than 12,000 people joined together at the beach on October 25, 2015, blowing away the $1.2 million goal by raising $1.4 million for children.

Steel Sports once again played an important role in helping the event eclipse the million dollar mark through its sponsorship of the #P2PSteelSports Selfie Challenge, which pledged $5 donated to the Walk for each photo posted on Instagram, Facebook or Twitter with the #P2PSteelSports hashtag.

One of the best parts of the annual Skechers Pier to Pier Friendship Walk is sharing the funds raised from the event. Supported by celebs like Tommy Lasorda, Brooke Burke-Charvet, Sugar Ray Leonard and Denise Austin, the Skechers Foundation presented record-breaking funds: a $434,000 check for the Friendship Foundation to help children with special needs, and $932,000 dedicated to six education foundations. The launch of our scholarship program was also celebrated – with $25,000 in scholarships for 11 well-deserving high school students, who were recognized for their great potential, leadership and contributions to their schools and communities.

Now the largest event supporting children with special needs and education, the SKECHERS Pier to Pier Friendship Walk has broken fundraising records every year since its 2009 launch. To date, the Walk has raised more than $5.5 million.

Some of the 12,000 people who took part in the walk.

Steel Gives Back

Steel Sports Co-sponsors SKECHERS Foundation Pier to Pier Friendship Walk

Rabbi Yossi Mintz, Michael Greenberg, Warren Lichtenstein and Sugar Ray Leonard

Tommy Lasorda, Michael Greenberg, Brooke Burke-Charvet and Jimmy Kimmel

Emily Fast, Camille Murray and Caroline Perry

LinkedIn: Steel Partners Holdings - Twitter: @steelholding


Thirty miles northeast of San Diego sits a hidden gem – Escondido. Not only is Escondido nestled in a shallow valley surrounded by rocky hills, its name means hidden in Spanish. Escondido is rich in beauty, history and culture, but there’s no hiding that it is as well known for its caring and generous community.

In response to the loss of one mother to breast cancer and the diagnoses of three other mothers of players on their son Andy’s soccer team, Bill Bickel, VP Finance of MTE Corporation, and his wife Pam founded Kickin’ It Challenge. Having lost family members and friends to breast cancer as well, Bill and Pam pledged to take action and make a difference in an intimately familiar way – by organizing a soccer tournament from which 100% of the proceeds would benefit breast cancer research and services. With the help and support of friends in the soccer community, the inaugural Kickin’ It Challenge tournament was held in June 2012. They were off and running. And kicking, too.

With over 13 million Americans playing soccer in the US, it is the nation’s third most played team sport, behind basketball and baseball/softball. But soccer’s popularity is not what drives teams, players and families to the Kickin’ It Challenge tournament. They come for the event’s unique combination of competition, fun, breast cancer awareness, giving back, and the lessons everyone takes home with them at the end of the two-day tournament.

“It’s not unusual for teams to play in honor of a friend, a relative, or even a coach,” said Bill. “Two years ago we had a boys under 9 team playing in honor of their coach who was there to coach them in their tournament games two weeks post-mastectomy. It was a huge weekend for them, and a great lesson for all about uniting in the fight against breast cancer.”

The weekend is filled with emotion, spirit and fun. The Power of Pink Challenge encourages teams to display their spirit by wearing unique pink soccer attire. Each year two teams – one boys’ team and one girls’ team – are recognized with POP awards. Other unforgettable moments include male coaches dressed in pink tutus, referees donating their fees back to the tournament, and groups of kids donating funds they raised in anticipation of the tourney.

Teams “go pink” for the Power of Pink Challenge.

Steel Gives Back

“It is deeply personal. Initially we were inspired to take action to help support the fight against this horrible disease when we lost a member of our community to breast cancer. No child should lose a mother this way, and we won’t stop until a cure for breast cancer is found.”

- Pam Bickel, Kickin’ It Challenge

Kickin’ It Challenge – Unite in the Fight Kickin’ It Challenge continues to be a Bickel family affair. Pam is president and, according to Bill, “the real force behind the event,” Bill is CFO, and Andy is chief gopher and emergency referee. With the increased success in each year, the Bickels and their crew are surprised at how, as Bill says, “their little idea has become a really big thing.” In four short years, the event has contributed a total of $150,000 to Susan G. Komen San Diego, San Diego County’s largest funder of breast cancer services and an affiliate of Susan G. Komen, the organization that has invested $2.6 billion in groundbreaking research, community health outreach, advocacy and programs in more than 30 countries since 1982. The Kickin’ It Challenge two-event-one-cause goal for 2016 is $50,000.

According to Annie Alwine, Director of Marketing & Communications for Susan G. Komen San Diego, Kickin’ It Challenge is the affiliate’s largest third-party fundraising event. “We have many amazing volunteers who fundraise for the Komen cause, and the Bickel family tops the list. The dedication and passion of Pam Bickel and her committee is inspiring. They work year-round to make each Kickin’ It Challenge event bigger and better. Their contribution to breast cancer services and support in San Diego is remarkable and our community would be at a loss without them.”

Held during the third weekend in June at Frances Ryan Park in Escondido, this year’s Kickin’ It Challenge dates are June 18 and 19. The two-day tourney is open to all youth competitive teams

American Cancer Society Key Statistics for Breast Cancer in the US

Breast cancer is the most common cancer among American women, except for skin cancers. About 1 in 8 (12%) women in the U.S. will develop invasive breast cancer during their lifetime.

American Cancer Society’s estimates for breast cancer in the U.S. for 2016:

• About 246,660 new cases of invasive breast cancer will be diagnosed in women.

• About 61,000 new cases of carcinoma in situ (CIS) will be diagnosed. (CIS is non-invasive and is the earliest form of breast cancer).

• About 40,450 women will die from breast cancer.

Breast cancer is the second leading cause of cancer death in women, exceeded only by lung cancer. The chance that breast cancer will be responsible for a woman’s death is about 1 in 36 (about 3%). Death rates from breast cancer have been declining since about 1989, with larger decreases in women younger than 50. These decreases are believed to be the result of earlier detection through screening and increased awareness, as well as improved treatment.

At this time there are more than 2.8 million breast cancer survivors in the U.S.

Business leaders from across the Steel Partners spectrum came together in mid-March at Shutters On The Beach in Santa Monica for the 2016 CEO Summit. The conference is an outstanding opportunity for leadership to team up and brainstorm with their SP peers, get to know the other SP businesses, discuss best practices and lean implementation, and create bandana fashion statements. What?

That’s right. As soon as the PowerPoint presentations and panel sessions concluded, participants divided into five teams to engage in teamwork-building activities disguised as games, and each team’s first order of business was stylizing their team bandanas. Once united by their bandana-wear, each team faced a variety of challenges and earned bicycle parts by completing each. At the end of the camaraderie-filled session, five beautiful new Steel-built bikes were constructed and donated to Boys & Girls Clubs of Santa Monica (BGCSM).

More photos from the 2016 CEO Summit and Bike Build can be seen on the back page of this newsletter.

Let’s Go Build a Bike!

Steel Gives Back

With Warren Lichtenstein and five beautiful new Steel-built bikes are Garron Campbell, BGCSM Branch Director (left) and Roy Shioda, BGCSM Director of Operations. The Boys & Girls Clubs mission is to inspire and enable all young people, especially those who need Boys & Girls Clubs most, to reach their full potential as caring, responsible, productive citizens.

Kicking’ It Challenge founders and organizers Bill, Pam and Andy Bickel.

ages 8 – 18, and the Bickels expect to host 110 teams with 1,500 soccer players during the 2016 tournament. A companion “Gala Bash” fundraising event for adults was added in 2015. Featuring a silent auction, DJ and buffet, the 2016 Gala Bash will take place on June 24.

For more information on Kickin’ It Challenge or to make a donation, visit www.kickinitchallenge.com. To learn more about the good work done by Susan G. Komen San Diego, visit www.komensandiego.org.


being innovators, we work to inspire that desire and passion for innovation in our Challenger Center students.”

To commemorate the 30-year anniversary of the shuttle tragedy, Aerojet Rocketdyne vice president Tyler Evans ceremoniously presented a $100,000 check, representing an annual installment of Aerojet Rocketdyne’s $1.5 million commitment made several years ago toward the expansion and relocation of the Powerhouse Science Center and its new Challenger Center.

“We are honored to be a long-time partner with the National Challenger Center and learning centers across the nation, especially on this meaningful anniversary,” said Aerojet Rocketdyne CEO and President Eileen Drake. “Working together, we are helping to inspire and educate the next generation of America’s aerospace leaders, those students who may actually be on future missions to the International Space Station, Mars and beyond.”

Student “astronauts” from Silva Valley Elementary in El Dorado Hills, CA, and other dig-nitaries were also in attendance. Silva Valley has been “flying missions” from the Sac-ramento Challenger mission control simulator since 1998. To date, 72 Silva Valley fifth grade classes have participated in the unique hands-on learning experience field trip.

ModusLink® 4-Minute Click-to-Ship Recognized By Business Intelligence Group as 2016 BIG Innovation Award Winner

As reported by BusinessWire on February 5, 2016:

Organizations from across the globe submitted their recent innovations for consideration in the 2016 BIG Innovation Awards, which were then judged by a select group of business leaders, innovators and executives. “This year we saw new innovations from virtually all industries. It is clear

that the role of technology in improving business results and consumer experiences is accelerating,” said Russ Fordyce, Managing Director of the Business Intelligence Group.

Through a heavy investment in its new e-fulfillment operations, technology, and processes, ModusLink has been able to strengthen its wide array of e-commerce solutions. Consequently, the 4-Minute Click-to-Ship technology has become one of ModusLink’s most recent achievements. ModusLink implemented state-of-the-art solutions into the order fulfillment process to ensure that products remain in constant motion from the time the product is initially picked to its arrival at the shipping dock. ModusLink is able to meet the instant gratification standard that consumers have come to expect from this industry.

between the Folsom Cordova Unified School District and Aerojet Rocketdyne is designed to inspire the next generation of aerospace leaders. As part of this effort, Riverview STEM Academy provided a unique opportunity for its students to “tour” our highly secured facility – without ever having to leave their school.

Via a two-way, live-streaming broadcast, Toby Hargreaves helped provide the virtual tour between Aerojet Rocketdyne’s Sacramento’s manufacturing bay and 265 students gathered in a multipurpose room at Riverview. Two Aerojet Rocketdyne rocket scientists, Lyn Van Winkle and David Daniewicz, led the tour, showed and discussed real Aerojet Rocketdyne hardware and answered live questions from the students. Watch the video to see how the students were able to experience rocket science in a new way with this two-way, live-streamed broadcast: http://video.web.rocket.com/STEM_Virtual_Tour

Aerojet Rocketdyne Commemorates 30th Challenger Anniversary with Major Donation

Aerojet Rocketdyne, a leader in funding and designing the Sacramento Challenger Learning Center since its construction in 1997, recently participated in events commemorating the 30th anniversary of the Space Shuttle Challenger tragedy.

The Challenger Learning Center, a living legacy to the astronauts of the Space Shuttle Challenger, continues to inspire the future 30 years after the accident. The leading science, technology, engineering and math (STEM) education organization, founded by the Challenger families, has educated over 4.4 million students at more than 40 Challenger Learning Centers around the globe.

“The Challenger Center is inspiring today’s students to see their full potential and follow a path that leads to a career in the STEM industry,” said Dr. Lance Bush, president and CEO of the Challenger Center. “Never before has this mission been so critical. Just as the Challenger crew demonstrated a true commitment to

Aerojet Rocketdyne Plays Key Role in Missile Defense Test

In late January, Aerojet Rocketdyne announced the successful testing of its liquid Divert and Attitude Control System (DACS) on the

Exoatmospheric Kill Vehicle (EKV) in the latest flight test of the Missile Defense Agency’s Ground-based Midcourse Defense (GMD) program. The Aerojet Rocketdyne DACS has a mission-critical role.

The vital GMD program currently is the United States’ primary defense against long-range ballistic missile attacks. During the test, a Boeing-developed interceptor, carrying the Raytheon-built EKV, was launched from Vandenberg Air Force Base, CA, following the launch of a threat representative air-launched target missile from a C-17 over the Pacific Ocean west of Hawaii.

“On this flight, we validated key design improvements in the DACS, demonstrating improved performance, reliability and producibility,” said Michael Bright, Aerojet Rocketdyne vice president of Missile Defense and Strategic Systems. “The overall goal of the Missile Defense Agency is to make a more capable and reliable system, and this successful test demonstrated significant progress toward reaching that goal.”

The design, development and qualification of these design improvements were performed at Aerojet Rocketdyne’s Los Angeles site. Matt Widman, the thruster program manager, added, “This successful flight represented three years of hard work and dedication by our entire team. We are very proud of this accomplishment and look forward to many years of production of this advanced propulsion system.”

Students Get Glimpse of Aerojet Rocketdyne in Virtual Tour

Recently, Riverview STEM Academy in Rancho Cordova, CA, connected with future rocket scientists in a virtual tour of Aerojet Rocketdyne’s Sacramento facility. The continued partnership

In The News In The News Employee DiscountsAll Steel Partners employees are eligible to use our vehicle manufacturer discount programs with Ford and GM. For each partner program, the manufacturers’ websites contain information on how to participate, sample vehicle pricing, shopping tools, as well as rules and FAQs. The company code should be taken to the dealership in order to qualify for the vehicle discount. The dealer will also need to see proof of employment. We recommend the employee visit www.steelpartners.com to print out their company’s page for validation as well.

Ford X-Plan Partner Recognition Program

• The program offers 4% below factory price for new vehicles.

• Employees, members of the employee’s household, and retirees are eligible.

• Each employee is entitled to 2 control numbers per year, which can be generated on the www.fordpartner.com website.

• Upon accessing the website, each employee will be required to enter the code WP791.

General Motors Supplier Discount Program

• The program discount is different for every GM vehicle.

• The discount price can be found below the MSRP and applied to the purchase or lease of eligible NEW Chevrolet, Buick, GMC and Cadillac vehicles by requesting an authorization number and presenting it to your GM Dealer.

• Register via the website https://www.gmsupplierdiscount.com/ip-vpp/do/company-search.

• Use: Company name: Steel Partners Company code: 175525

(l to r) Tyler Evans, Aerojet Rocketdyne vice president, presents a cer-emonial check to Michele Wong, Powerhouse Science Center board president and Harry Laswell, Powerhouse Science Center executive director & COE, at the Sacramento Challenger Learning Center.

Spring 2016 • INSIDER 7

Students enjoy a virtual tour of Aerojet Rocketdyne


SP Supply Chain Corner2015 Recap

Steel Partners maintains 21 national supply contracts, which repre-sent over $90MM in annual spend and generate more than $37MM in savings. Finance, Human Resources and Supply Chain collabo-rated on opportunities for supplier consolidation and savings in the areas of benefits, insurance and third-party advisors. We created an intranet site as a central location for contracts, key contacts and key correspondence. Below are select highlights from our September Summit, highlighting some of the best practices and cross-company collaboration:

Strategic Sourcing – The Make vs. Buy Analysis

Given the results of the growing trend of near-shoring and the insights outlined in the Q3 2014 Steel Partners study, The Future of Global Manufacturing and LCC Sourcing, Bob Murphy, SVP of Supply Chain for OMG, was invited to present to the team on how to evalu-ate internal production vs. third-party sourcing. He broke down the factors that may influence a company’s decision to buy a part rather than produce it internally, including lack of in-house expertise, small volume requirements, desire for multiple sourcing, and the fact that the item may not be critical to its strategy. Similarly, he discussed factors that may persuade a company to choose insourcing, including existing idle production capacity, better quality control or proprietary technology that needs to be protected. Finally, the team benefited from Bob’s live exam-ple of OMG’s evaluation process and decision to insource OMG’s heat-treating needs, which required capital investment, significant governmental and environmental approvals and increased utility involvement. Ultimately, OMG’s evaluation of the value chain, as well as the differences in cost and service levels, heavily supported the decision to insource the heat-treating operation. Talent Development - Lucas Milhaupt Internship Program

Exceptional people and leaders drive our businesses. Thus, recruiting, developing and retaining the best talent available is essential to our business success. While there are many ways to identify and recruit talent, Jon Ollinger, head of the Steel Purchasing Council, presented on Lucas Milhaupt’s strategic internship program and outlined its benefits and results. Jon shared a low-cost approach, which has proven to be highly successful – a partnership with Marquette University. The Applied Learning Course is a program in which college students are paired with local companies to provide exposure to company culture, markets and various functional disciplines. The students or interns assume responsibility on challenging projects and see them through from strategy to impact. Typically, the internship assignment consists of a semester or 12-week program with a company mentor. Since 2010, the Lucas program has resulted in two full-time hires and over $160,000 in annual savings. In addition to the savings and talent acquisitions, this program has afforded Lucas a strong relationship with Marquette University, including guest lectures and an advisory board role to the supply chain department. Undergraduate interns and new hires can and should be a low cost and effective talent acquisition and internal development channel.

Mergers & Acquisitions

Handy & Harman Ltd. Handy & Harman Ltd. (HNH) announced on April 21, 2016 that it has commenced a tender offer through a wholly owned subsidiary to purchase all of the outstanding shares of SL Industries, Inc. (SLI) for $40.00 per share in cash. The tender offer is being made pursuant to the merger agreement entered into by HNH and SLI and announced on April 7, 2016.

Consummation of the tender offer is subject to certain conditions, including the tender of a number of shares that constitutes at least (1) a majority of SLI’s outstanding shares and (2) 60% of SLI’s outstanding shares not owned by HNH or any of its affiliates, as well as other customary conditions. Steel Partners and its affiliates began purchasing shares of SL Industries in 1991 and currently own approximately 25.1% of its outstanding shares.

As promptly as practicable following the completion of the tender offer, HNH will acquire all remaining SLI shares through a merger of one of its wholly owned subsidiaries into SLI at the tender offer price.

“We are extremely pleased to have commenced our tender offer for SLI. HNH affiliates have been long-term investors in SLI, and we look forward to a prompt closing and to integrating SLI into the HNH/Steel family of businesses.”

– Warren Lichtenstein

CoSine Communications, Inc.On December 28, 2015, CoSine Communications, Inc. effected a 1-for-80,000 reverse stock split of its common stock pursuant to which stockholders owning fewer than 80,000 shares of CoSine’s common stock had such shares converted into the right to receive $4.40 for each share of CoSine’s common stock held immediately prior to the effectiveness of the reverse stock split. CoSine’s common stock was delisted from the OTC Pink marketplace and its trading symbol COSN was deleted effective at the open of trading on December 29, 2015. Subsequent to the reverse stock split and pursuant to the terms of an Agreement and Plan of Merger dated as of December 29, 2015, CoSine merged with and into a wholly owned subsidiary of WebFinancial Holding Corporation, itself an indirect subsidiary of Steel Partners Holdings, L.P., with WebFinancial Holding Corporation’s subsidiary as the surviving entity.

ModusLink Global Solutions Announces Executive Changes

As reported by BusinessWire on March 29, 2016:

Warren G. Lichtenstein Appointed as Interim Chief Executive Officer;James R. Henderson Appointed as Chief Executive Officer of ModusLink Supply Chain Business

ModusLink Global Solutions™, Inc. (the “Company”) MLNK +0.96% today announced that its Board of Directors has appointed Warren G. Lichtenstein as its interim Chief Executive Officer, replacing John J. Boucher who resigned as President and Chief Executive Officer on March 23, 2016 to pursue other interests. Mr. Lichtenstein will remain Chairman of the Board. The Company also disclosed today that James R. Henderson has been appointed as the Chief Executive Officer of the Company’s principal operating subsidiary, ModusLink Corporation (“ModusLink”).

“Jim is an experienced business executive with an impressive track record in sales, operations and supply chain management,” stated Mr. Lichtenstein. “I’ve worked with Jim for years and his knowledge of our industry and the markets we serve, along with his extensive hands-on operational experience, make him the perfect fit to lead ModusLink in this important period in our corporate evolution. We have the cash resources on hand to grow our core business and enhance operational capabilities. On behalf of the Board, I would like to welcome Jim to ModusLink and look forward to collaborating with him as we continue to execute our strategy while driving long-term shareholder value.”

Mr. Henderson is a seasoned industry veteran with significant public company and turnaround experience. Throughout his career, he has held various leadership positions with global corporations and supply chain and distribution businesses. Most recently, Mr. Henderson served as Acting Chief Executive Officer of School Specialty, Inc., a leading distributor of educational supplies, furniture and curriculum products to the education and healthcare industries, where he helped navigate the Company’s turnaround, enhance distribution and manufacturing capabilities to stabilize the core business, and drive process improvements throughout. Prior to School Specialty, he served as Chief Executive Officer of Point Blank Solutions, a worldwide leader in the manufacturing and distribution of protective products and ballistic armor to the U.S. Military, Federal and Law Enforcement agencies, and international markets. Previously, he was CEO of other public companies across multiple industries.

“While the global market remains challenging, we have strong and long-standing client relationships, a strategic global footprint, and some of the best talent in the industry. My focus over the coming year is to continue to drive operational efficiencies on behalf of our employees and the clients they serve, while working with the team to grow sales and expand our pipeline across the globe. I look forward to taking on this role and working with the ModusLink team to deliver unprecedented value for our clients,” stated Mr. Henderson.

In addition to his prior management roles, Mr. Henderson has and currently serves on a number of corporate Boards. He has served as a Director of Aerojet Rocketdyne since 2008, Chairman of the Board of School Specialty, Inc. since June 2013, and a Board member of Aviat Networks since January 2015. Previously, Mr. Henderson served as a Director of RELM Wireless Corporation, DGT Holdings Corp., SL Industries, Angelica Corporation, ECC International Corp., and Point Blank Solutions, among others.

James Henderson

In The NewsLeverage Spend - Risk Management and Premium Pooling

Steel Partners continues to seek economies of scale across our portfolio. In 2015, we expanded from traditional procurement areas into other areas including insurance policy renewal programs and pooling insurance premiums to enhance coverage and obtain better coverage while reducing premium costs ~20%, up to $5MM per annum. Ted Yerdon, VP & Treasurer for Steel Partners, presented on the engagement of Risk International, an independent, outsourced risk management services company with over 75 professionals. Their list of clients includes The Carlyle Group and United Technologies Corporation. While Risk International provides additional risk management resources and advises on Enterprise and Hazard Risk, each individual company maintains control and authority.

2016 Plan

In 2016, with Jon Olinger taking the helm of the Steel Purchasing Council, Steel Partners will continue to identify categories for savings and opportunities for collaboration and knowledge-transfer across businesses. We will continue to host our annual Supply Chain forum again in Q3 as well as category-specific meetings as needed. We welcome feedback on our market updates or other suggestions on how we can better collaborate or leverage our supply chain.

Bob Murphy

Jon Ollinger

Ted Yerdon

During the September Summit, Finance, Human Resources and Supply Chain collaborated on opportunities for supplier consolidation and savings in the areas of benefits, insurance and third-party advisors.


Steel Sports Welcomes Eight Members to New Advisory Board

Since its founding in 2011, Steel Sports consistently scores goals and bats in runs while following its founding principle: to promote a lifelong enjoyment of sports, while emphasizing a positive consumer experience and instilling the core values of discipline, teamwork, safety, respect and integrity.

In a recent move to up their game, Steel Sports brought together a collection of marquee individuals, each of whom has produced an incredible career in the professional sports arena, to serve on its new advisory board.

Tommy Lasorda, Dusty Baker, Bobby Valentine, Julie Foudy, Nancy Lieberman, Jim Thompson, Frank Catalanotto and Urijah Faber are the first eight members to join the board. Besides achieving numerous accolades on the field and in the field house, each member firmly believes in the Steel Sports vision for youth sports and wants to continue making a difference in the lives of young athletes.

The advisory board members act as Steel Sports ambassadors, promoting its mission of transforming the existing youth sports culture to help create an environment where athletes learn to compete while absorbing life lessons.

“What sets this group apart, aside from their achievements on the field, are the tremendous leadership qualities each one has displayed throughout their lives,” says Steel Sports CEO David Shapiro. “Steel Sports is incredibly fortunate to have such an accomplished group of advisors who believe in our vision of improving youth sports as a whole where we can use it as a vehicle to change the trajectory of our nation’s youth.”

• National Baseball Hall of Fame manager Tommy Lasorda manned the Los Angeles Dodgers dugout for 21 years from 1976-1996 and won two World Series titles in 1981 and 1988. He managed USA Baseball to an Olympic gold medal in 2000 and recently visited the National Youth Baseball Championships in New York to offer his support and advice to the youth players and coaches.

• Current Washington Nationals manager Dusty Baker is the only three-time MLB Manager of the Year in history. A National League All-Star as a player and a former U.S. Marine, Baker speaks frequently on leadership, teamwork, motivation and success. Baker is entering his 21st season as a manager, his first with Washington after stints with the San Francisco Giants, Chicago Cubs and Cincinnati Reds.

• Bobby Valentine is a former MLB player and manager, and he is currently the Sacred Heart University athletic director in Fairfield, CT. After a 10-year playing career he managed for 23 seasons, seven of those in the Japanese Pacific League. In 2015, Valentine was awarded the MLB Players Alumni Association Lifetime Achievement Award for his on-field accomplishments and off-field contributions to communities across the nation.

• National Soccer Hall of Fame member Julie Foudy won two FIFA Women’s World Cup titles and two Olympic gold medals, among her many achievements, during her 18-year career with the U.S. women’s national soccer team. Foudy currently serves as an analyst, reporter and the primary color commentator for women’s soccer broadcasts on ESPN and ABC. Along with her husband, Foudy created the Julie Foudy Sports Leadership Academy for girls, ages 12-18, which strives to create leaders both on and off the field.

• Nancy Lieberman’s basketball career has seen her go from Hall of Fame player to a pioneer as a coach. Lieberman was inducted into the Basketball Hall of Fame in 1996 after a long career as an outstanding point guard in college and the professional level. She is currently an assistant coach with the Sacramento Kings, becoming the second female assistant coach in NBA history when she was hired last July. In November 2009, Lieberman became the first woman to coach a men’s professional basketball team when she took the Texas Legends head coaching position in the NBA Development League.

• Former MLB player Frank Catalanotto enjoyed a 14-year career with five different teams, and he played for the Italian national team at the 2006 and 2009 World Baseball Classic. Catalanotto serves as the lead instructor at Baseball Heaven’s Steel Sports Academy in Long Island, where he grew up.

• An American mixed martial artist, Urijah Faber competes as a bantamweight in the Ultimate Fighting Championship. Faber held the WEC Featherweight title from 2006 to 2008, and now ranks #3 in the official UFC bantamweight rankings. He is widely regarded as one of the sport’s pioneers for establishing legitimacy to lighter weight classes in MMA.

“I’m happy to be a part of the Steel Sports advisory board and be on board with a great group of people,” says Dusty Baker. “I believe in what they stand for in helping our future, our children through youth sports. I just like the direction Steel Sports is taking with our young people, both mentally and physically.”

“Our children are our future, and Steel Sports is driven to ensure today’s youth become better people through participation in sports,” says Julie Foudy. “We want kids to be active and enjoy sports, but it’s just as important to help shape their lives off the field. I’m pleased to join the Steel Sports advisory board and continue a path together to make a difference in the lives of young athletes.”

Steel Coaching System: Reach Your Potential

Over the last year, a key instrument for the Steel Sports coaching toolbox has been in development.

The idea for a Steel Sports Coaching Manual was born in March of last year and then took shape at the Steel Sports Coaching Summit on July 30, 2015. A decision to consult experts in the field led to a unique partnership between Steel Sports and the Center for Applied Coaching & Sport Science (CACSS) within the College of Physical Activity and Sports Studies at West Virginia University (WVU).

Steel Sports and CACSS have complementary visions and missions. The Steel Sports vision is to be the premier youth sports program in the country, with the primary focus to promote lifelong enjoyment of sports while emphasizing positive experience and instilling the core values of discipline, teamwork, safety, respect and integrity. The mission of the CACSS at WVU is “to generate original research and materials that will fill the gap between cutting edge sport science knowledge and technology, best teaching practices, and real world coaching across all levels of sport.” Thus, the Steel Sports Coaching Manual moved from good idea to exceptional coaching system collaboration when Steel Sports and CACSS joined forces.

“At the youth level, a coach’s role is crucial, as players look to their coach for guidance, structure and reassurance. This is why we believe continuous coaching education is paramount,” says Warren Lichtenstein. “The Steel Coaching System is an athlete-centered coaching program that is backed by positivity, providing a curriculum that standardizes our ideas, cultures and beliefs and provides a consistent message across all of our platforms.”

The Steel Coaching System, which will be continually evaluated, will rollout this summer at Baseball Heaven, Steel Sports’ state-of-the-art baseball facility on Long Island.

Back row, left to right: David Shapiro (Steel Sports), Nanette Yang (Steel Sports), Warren Lichtenstein, J.T. Mellendick (WVU), Clayton Kuklick (WVU), Frank Catalanotto (Baseball Heaven), Steve Jones (UK Elite), Jim Parque (Big League Edge), Sal Trovato (Baseball Heaven), Keith Osik (Baseball Heaven), Gary Book (UK Elite), Andy Broadbent (UK Elite), Dusty Baker, and Bobby Valentine. Front row, seated left to right: Joe Franciskovich (Steel Sports), Jonathan Elbaz (Steel Sports), Tommy Lasorda, Jollene Butler (Steel Sports), Kristen Dieffenbach (WVU), Mick Smoothey (UK Elite), and Roch King (WVU).

• Jim Thompson is the founder and CEO of Positive Coaching Alliance (PCA), a national non-profit organization transforming the culture of youth sports. PCA develops BETTER ATHLETES, BETTER PEOPLE through resources for youth and high school sports coaches, parents, administrators and student-athletes. PCA resources have reached more

than 8.6 million youth, and are on track to reach 20 million youth athletes by 2020.

With an All-Star Advisory Board in place, Steel Sports looks ahead to a future rich with collaboration and positive impact that extend far beyond the playing field.


Warren Lichtenstein is Chairman and CEO of Steel Partners. When his son started playing sports, he realized there was a huge opportunity to make a difference in youth sports and he founded Steel Sports and added it to the Steel Partners portfolio of companies. He provided the initial Seed Funding for both the PCA-Los Angeles Chapter (which launched in June 2015) and the PCA-New York City Chapter (which launched January 2016). Jim Thompson interviewed Warren for Impact on March 21, 2016.

Jim Thompson: What was your sports experience like as a young person?

Warren Lichtenstein: Apart from Little League I didn’t play organized sports. There was a dirt lot next to a church that I went to every day after school where we played pickup ball. We made our own calls (no adults around) and had fun.

JT: Sounds like my experience growing up in North Dakota, what I now call the “golden age of sandlot ball.” It may not have been as golden as I remember it, but it was a lot of fun. I assume your son Stefan’s sports experience has been quite different?

WL: Yes, he never picked up a ball on his own until I enrolled him in Little League. One of the dads coaching had played football and baseball at USC and he created a positive environment for the boys. I saw Stefan gaining self-confidence from it both athletically and socially. He also played AYSO soccer, which was very organized—AYSO has its act together. He also has played flag football, tennis and he skies. He played youth basketball and the first year he had a coach that was a yeller, but other than that he’s had good experiences.

JT: Did you follow professional sports as a kid?

WL: I didn’t really. If I did I would want to know every stat about every player so I focused on other things that interested me. I could tell you, however, which companies we bought and sold and for how much!

JT: You’ve been very successful in business with Steel Partners, but Steel Sports, which you founded, seems more like a mission than a business.

WL: It is. My goal with Steel Sports is consistent with your goal with PCA—to create a complete cultural shift in how sports is taught to kids, how parents connect with their kids over sports, getting rid of negative coaching in favor of positive coaching, and having coaches coach the way they would want to be coached.

I definitely want Steel Sports to make money but I don’t expect it to earn the same return on sales or return on invested capital as my other companies. You can’t leverage a baseball field 12:1 like you can an office building. You also are often competing with mom-and-pop operations that likely aren’t even profitable. Our organization recognizes the value that sports and fitness has in providing meaningful and life-changing experiences for our nation’s youth and that’s more important than financial returns.

I’ve loved everything you do in PCA and have stolen from you—5 compliments for every criticism, flushing errors—even your former Chief Revenue Office, David Shapiro, who is now our CEO!

JT: I guess that’s why you call it “Steal” Sports.

WL: Hah! I guess we will from now on! Seriously, you and PCA have ingrained in David all the disciplines needed to be a great leader.

JT: You have been an important supporter of PCA. You provided initial Seed Funding for both our Los Angeles Chapter and our New York City Chapter. What made you decide to invest serious money in PCA?

WL: What you’ve done with PCA is amazing. When I was starting Steel Sports I called hundreds of people in the industry. I’m a digger. I want to meet everyone and know everything about what I am about to do. I kept coming back to PCA.

Your books and the philosophies behind them—it’s taken years to put that together at such a high-level, superior quality of thinking. I was shocked to find that you didn’t have a Chapter in LA or New York City. I wanted to help you do that.

JT: I think we intentionally delayed moving into LA and New York City because they are so big and we wanted to make sure we had our model down before we tackled them. When you made the offer of Seed Funding it was, “Okay, now it’s time to do Los Angeles, ready or not!”

WL: I think you were probably ready to expand to LA and New York City before you realized it. My son has a poster on his bedroom wall that says, “Potential is interesting but execution is everything.” You are executing a program that I hope will infiltrate every major youth sports organization. My hope for PCA is that it becomes part of every coach training program—if you don’t have a PCA certification card, you aren’t allowed to coach.

It will take a while to change the culture of sports. I think the story of Exodus in the Bible is an interesting example. My view is that God made the Israelites leaving Egypt wander in the desert for 40 years to get through three generations. The first generation was tainted from its time in Egypt and by the time the third generation came around, good habits had replaced bad habits and then they reached the Promised Land. As new generations learn the good habits of how to coach using positive reinforcement, youth sports will improve.

JT: I know you are close to Tommy Lasorda. How has that relationship impacted you?

WL: When I moved to LA I actually didn’t know who Tommy was. We were at a dinner together and we just connected. He then came to one of Stefan’s games and I saw how people mobbed him. I didn’t realize he is like a god in Los Angeles.

During the game, one kid never touched the ball when he swung the bat. Tommy stopped the game and went up to the plate and showed the kid something and said something to him. The next pitch he hit the ball! He only talked to the kid for about 75 seconds. I was amazed. If we can apply the way Tommy interacted with that kid, we can change the world.

JT: Has your exposure to Tommy and PCA changed the way you do business?

WL: Yes, 10 years ago I was good at mitigating risk including mitigating my own weakness in managing people. Now I think managing people and motivating people is one of my strengths.

We have 15,000 employees and I make it possible for every one of them to attend a PCA workshop. I love your book, Developing Better Athletes, Better People, and I give it out to every leader in my company. I think of it as a mini-version of Jim Collins’ book, Good to Great, applied to sports.

JT: Warren, it has been great talking with you. I am so grateful to you for your support of the Positive Coaching Alliance movement.

WL: I think Steel Sports and PCA are riding a wave together. We will grow together and we are on the verge of really changing everything. I will be supporting both organizations for a long time.


Operational Excellence

Steel Business System Meeting

The Steel Business System conference was held January 12-13, 2016 at Caesar’s Palace in Las Vegas. The conference was initiated in 2008 for the H&H companies to share best practices in applying the Business System tools to the manufacturing locations. This year marked the beginning of a larger audience for the conference, including participants from Steel Partner affiliated companies who came to learn about the Steel Business System and how it can holistically be applied to improve all aspects of the businesses embracing the principles, values and tools.

Senior leadership of each of the businesses was represented by President, Finance, Operations, Commercial and HR leadership functions from all H&H companies, as well as several Steel Partner affiliated companies including Moduslink, SL Industries, Aerojet Rocketdyne, Steel Excel, WebBank and API.

Jacob Stoller, author of The Lean CEO: Leading the Way to World-Class Excellence, served as keynote presenter at dinner on the first night of the conference. Each conference participant received a copy of Stoller’s book.

The conference agenda covered a wide array of Business System best practices and various Kaizen events, presented by leaders from many Steel Partners companies. Participants learned about best practices at other companies, with an emphasis on lean learning. The intent for next year is to continue with the broader audience of all Steel Partner affiliates in order to focus on building the culture of lean and problem solving across the business units.

Hugh McGovern, President of OMG, on left, with meeting Keynote Speaker Jacob Stoller.

Stoller addresses meeting participants.

Left to right: The API Team - Dino Kiriakopoulos, Karen Smith, Ian Marchant, Claire Chadwick, Jaime Bryant, Will Oldham and Mark Guyer.

Left to right: Lori Veley, Pete Marciniak, Rick Jones, Stephanie Dalton and Walter Brooks.


H&H Hall of Fame Awards

Since 2011, project teams that have applied the H&H Business System tools to real world Kaizen projects at Handy & Harman have been recognized and rewarded annually with H&H Hall of Fame Awards. These projects best exemplify the spirit and behaviors desired from using the tools of the H&H Business System. The projects must be cross-functional in nature and participation, utilize the tools of the Business System, be linked to Strategy Deployment Initiatives or Key Performance Indicators, and have sustainable results.

This year, 11 of the 20 projects submitted by H&H companies for consideration were selected for Hall of Fame awards. 2015 awardees are: • HandyTube – 3P on Qnergy cell• ITC – 3P on Mill 6 Coiler• JPS Statesville – SMED in Preparation Area• Kasco Mexico – Heat Treat / Coil Manufacturing Capacity

Increase• Kasco Wales – Wales Coil Capacity Increase• Lucas Milhaupt Milwaukee – Handy 1 Schedule / Pull System• Lucas Milhaupt Milwaukee – Supplies Kaizen

• Lucas Milhaupt Warwick – LOMA SWAT• OMG Hickman – COPQ at Hickman• OMG Fastenmaster – Bilwinco SMED / Standard Work• OMG Roofing – Olyflow Hercules Cell Congratulations to the companies and team members who were recognized with 2015 Hall of Fame awards, and thank you for making continuous improvement your goal.

JPS Statesville SMED in Preparation Area Team, from left: Gary Wallace, Wes Young, Tina Alexander, Ann Hewitt, Eric Lussier, Albert McClelland and Bonnie Davis.

Lucas-Milhaupt Milwaukee Supplies Kaizen Team, from left: Jeff Svoboda, Marlon Evans (present for his participation at ITC Kaizen), Brenda Povlich, Stephanie Christensen, Jon Ollinger, Dennis Herrmann and Mike Hultman.

Lucas-Milhaupt Milwaukee Handy 1 Schedule/Pull System Team, from left: Jeff Svoboda, Terry Pierce, Stephen Powalisz, Jonathan Steiner and Jeff Hall; not pictured: John Treager and Dennis Mikula.

ITC Evansville 3P on Mill 6 Coiler Team, from left: Jeff Svoboda, Rick Johnson, Ron Hawkins, Tom Daming, Daron McDonald, Bruce Pate, Cregg Stambush, Mike Nelson, Keith Dupont and Eric Lussier; not pictured: David Hassman and Jack Hatcher.

OMG Hickman COPQ Team, from left: George Hammond, Jason Hildenbrand, Tina Duncan, Eric Lussier, Kevin Bramlett, Hugh McGovern and Hector Quinones.



SLPE Receives High Marks from SLI

SL Industries (SLI) and its subsidiaries – MTE, SLI-MTI and SL Power Electronics (SLPE) – are

known as industry leaders in high performance power solutions. Each specializes in the delivery of power electronics and technology within the communities and industries they serve – medical, industrial, aerospace, computer, datacom, telecom, transportation and utility applications. And, as is customary with Steel Partners companies, the focus is on lean implementation and profitability.

At the SLI Leadership Conference held February 22 – 23, CEO Bill Fejes recognized SLPE for the Best Performance Improvement in 2015.

Areas assessed in determining the annual award winner include year-over-year improvement in profitability and working capital turns. It’s easy to understand the benefit of improved profitability, but working capital turns are important as well. Directly reflecting effective management of Accounts Receivables, Accounts Payable and Inventory, working capital turns dramatically affect cash. If fewer dollars are committed to working capital, more funds are available for things like capital investments, process improvements and quality of work life enhancements.

Congratulations to all SLPE team members at locations near and far – Ventura, Canton, Mexicali, Xianghe and Shanghai – for being recognized for the best year-over-year performance improvement within SLI in 2015.

KASCO Presents First Annual President’s Award

Steel Partners’ company KASCO has been an industry leader in providing quality products, parts, repairs, and services to the meat processing and retail institutional food industries for more than 110 years. To achieve the trust of its customers and industry leader distinction, KASCO relies on internal leadership. To recognize leaders within the company for excellent service and outstanding performance, the KASCO President’s Award was established this year.

On February 2, 2016, KASCO President Brian Turner presented Charles “Chuck” Isenberg with the First Annual President’s Award, in recognition of his outstanding KPI performance in 2015. Hailing from Southern California, Chuck is a Business Team Leader who manages a team of 11 Field Service Representatives that specializes in the service and repair of commercial food equipment and retail store equipment. Chuck will celebrate 42 years in the business in July, including 16 years as a division manager and 20 years as KASCO’s west coast business manager.

Candidates for the award included nine other Business Team Leaders who manage the remaining 120 plus KASCO service reps across North America. The KPIs evaluated for the award included Revenue $ Increase Over Goal, Revenue % Increase Over Goal, Inventory Turns, Service Calls on Time, and Routes on Time.

“Chuck sets a high standard for his team and other KASCO leaders,” says President Ryan Turner. “His dedication and fine leadership converts to outstanding performance, keeping KASCO in its industry leader position. Thank you, Chuck, and congratulations from your KASCO colleagues!”

The SLPE Daily Focus

• Be Responsive and Proactively Dependable

(High Sense of Urgency)

• Practice Daily Management (Gemba)

• Be Process Oriented and Data Driven

• Champion Continuous Improvement (Kaizen)VP Sales & Marketing Tim McCreery (left) and President Brian Turner (right) present Chuck Isenberg with the First Annual President’s Award.

Countermeasures – Just Keep Digging

What do archaeological teams and SL Industries (SLI) countermeasure teams have in common? They just keep digging until they find the Holy Grail. Or their version of it.

In archaeology, the Holy Grail can be any historical tidbit that helps reconstruct past lifeways in human societies, bringing us closer to understanding the people and cultures that came before us

Though not equipped with shovels and box screens, countermeasure teams dig and sift all the same. They, too, survey, excavate and analyze much material before finding their Holy Grail – the root cause to their problem or issue.

A countermeasure, also known as a corrective measure, is action taken to counter or offset a missed goal or objective. As a general concept it implies precision, and is any solution or system designed to prevent an undesirable outcome in a process. At SLI, a recurring need for countermeasures existed in two main functions:

• Daily Management Gemba Boards, when there is a miss on a SQDIP goal

• Strategy Deployment, when there is a miss on a TTI (Target To Improve)

SLI, through its subsidiaries, designs, manufactures and markets a vast variety of power electronics that are used in multiple industries and environments that demand high-level performance, making precision critical. SLI leadership was not satisfied with the effectiveness of their countermeasure process and decided it needed improvement. At the February 2015 SLI Leadership Meeting, a hands-on training session on how to implement an effective countermeasure was held for the top 45 leaders from all SLI business units. Bruce Graham, a professional trainer and facilitator, introduced a new way of looking at and examining the layers of the countermeasure process.

The countermeasures image at SLI also needed an overhaul. What had long been viewed as a negative process – my strategy deployment fell short so my punishment is that I need to develop countermeasures to correct the problem – should instead be regarded as a positive opportunity to re-evaluate and correct a process so it will work at its best.

SLI countermeasures often fixed symptoms but seldom burrowed to the root cause of a process, leaving the way open for future failure, as in the Gemba Boards and Strategy Deployment cases. Identifying and targeting the root cause would take on new focus and importance. It would also be viewed as an opportunity to improve a process rather than considering it a failure that required punishment – an opportunity to turn lemons into lemonade.

Graham introduced two techniques for identifying root cause: the 7 QC Tools and the 5 Whys? Approach. The 7 QC Tools are often used to reduce variation of output or slightly shift the distribution to a more desirable target. The 5 Whys? are mainly used to find the single root cause or the combination of root causes that triggered a

miss versus goal. In the investigative stage of the problem solving process, the practice of asking “Why?” five times throughout the process brings the team closer to the root cause with each ask, and closer to the goal of identifying and targeting the root cause to be addressed by the countermeasure. In other words, just keep digging!

Following the Leadership Meeting, Graham facilitated countermeasure training at each of the SLI business units to deploy the process deeper into the organization. As a result, the countermeasure process is now viewed as a welcomed and game-changing process, and the SLI approach has changed: countermeasure teams are digging deeper, issues are seen earlier, root causes are being identified, time is being extended to treat the root cause, and countermeasure teams are finding their version of the Holy Grail.

To help reinforce the positive value of countermeasures, four SLI Teams were recognized as having implemented the Best Countermeasures in 2015.

MTE Teal Inventory Countermeasure – reduced inventory 25% in 2015Team members: Niall Finnegan, VP Global Operations, Teal San Diego FacilityAngel Escarega, Materials Manager, Teal Tecate FacilityTony Ruvalcaba, Plant Manager, Teal San Diego FacilityJoel Perez, Buyer/Planner, Teal Tecate FacilityRyan Thomas, Materials Control Specialist, Teal San Diego Facility

MTE Reactor Terminal Alignment Countermeasure – eliminated a key customer complaint and associated product returnsTeam members:Rafael Ibanez, VP Quality, MTE San Diego FacilityJaime Ruiz, Quality Engineer, MTE Mexicali FacilityRoberto Chain, Manufacturing Engineer, MTE Mexicali FacilityLiborio Ruiz, Production Supervisor, MTE Mexicali FacilityVictor Valdez, Quality Supervisor, MTE Mexicali Facility

MTE A/R Collections Countermeasure – improved DSO by 17% thereby freeing up a significant amount of cashTeam members:Bill Bickel, VP Finance, MTE San Diego FacilityMelanie Dobner, Controller, MTE Menomonee FallsSusan Grunewald, Credit/Collections Specialist, MTE Menomonee FallsSheila Zenner, Sr. Sales Operations Manager, MTE Menomonee FallsElaine Litchfield, Business Programmer Analyst, MTE San Diego

SLPE Mexicali OTD Countermeasure – improved OTD to customer request from <60% to >90% thereby improving customer satisfactionTeam members: Jim Morrissey, VP Supply Chain, SL Power Ventura FacilityKisha Ward, Director of Operational Excellence & Quality, SL Power Ventura FacilityMary Lizarraga, Master Control Planner, SL Power Mexicali FacilityJose Casanova, Plant Manager, SL Power Mexicali Facility



Excerpts from the Annual Letter

April 13, 2016

To the Unitholders of Steel Partners Holdings L.P.:

Nothing in the world can take the place of hard work and persistence. Potential is interesting, but execution is everything. There is no substitute for putting in the time and effort on the road to success. Steel Partners’ philosophies and strategies continue to endure and serve us well. We work hard and play hard.

We invest on the basis of value, not popularity. We invest in good companies with simple business models at prices that have built-in margins of safety. We create a continuous improvement culture and implement operational excellence programs. We control costs and use leverage prudently. We avoid complex businesses or investments that cannot be easily explained or understood. We reward people who deliver results and ensure the right core principles and culture.

Steel Partners and our affiliates have been successful at starting, buying, operating and building businesses over long periods of time. Our capital is not short-term, and our assets and liabilities are aligned. Often, we compete with private equity firms and strategic buyers, who are bidding up prices to levels which would not provide us with the margin of safety we seek or a high enough return on our invested capital. Therefore, they buy a lot of businesses, and we don’t.

Over the past few years, we have accelerated our M&A efforts and called our friends at various private equity firms, investment banks and hedge funds in order to increase our deal flow. We have been moderately successful in creating our own deals and a proprietary pipeline, but, frankly, we have failed miserably when we have tried to buy businesses by participating in auctions. The truth is, I really don’t like participating in auctions. It is expensive, time consuming, and we never win the prize.

Undeterred, we continue to look for bolt-on acquisitions for our existing companies and companies we are invested in: OMG, Lucas Milhaupt, JPS Composite Materials, Kasco SharpTech, Handy Tube, Indiana Tube, WebBank, API Group, Steel Energy, Steel Sports, Aerojet Rocketdyne, and ModusLink Global Solutions. We are also looking to buy new platform businesses, which are within our circle of competence and fairly priced.

At Steel Partners, we have the flexibility to buy parts of businesses (10-15%) with the ability to own up to 100% over time. The more we own, the greater our ability to achieve economies of scale and implement operational excellence and strategic programs through the Steel Business System, Steel Procurement Council, Steel Environmental Health & Safety Council, and Steel Grow. We can also implement capital allocation policies, corporate development guidelines, and reduce overhead costs, such as legal and accounting, through SPH Services.

We did this successfully at Handy & Harman, API, JPS, and are now buying all of SL Industries through Handy & Harman. This way, we can buy part of the company and live with the business and managers for a period of time and then decide if we want to own the entire business. Granted, we have made some mistakes in the past and have lost money, and will probably make more errors in the future. But hopefully, our successes will far outweigh and outnumber our mistakes and potentially increase our ownership over time.

In addition to looking for acquisitions, we will also use our capital to purchase our own shares when they are trading at a discount. In 2015, Steel Partners and our affiliates purchased 1,091,175 shares for $19.2 million at an average price of $17.63.

We will continue to buy and build for the long-term. In a sense, we are investing for our children and future generations. Over the last few months, the prices of stocks have gone down at a number of companies we would like to own for the long run. This has created more buying opportunities at attractive prices.

During the past year, we continued our program to simplify our business structure by reducing the number of entities, organizations, and companies we own and manage. As you can see in the org chart below, we have done a good job thus far, but still have more to do as part of this initiative.

We have publicly announced that Handy & Harman would like to acquire 100% of SL Industries. I am pleased to announce that on April 7, 2016, Handy & Harman entered into an agreement to acquire SL Industries for $40/share in cash or approximately $166 million in total.

Steel Partners and our affiliates currently own approximately 25.1% of SL Industries’ outstanding shares. In 1991, when we first purchased shares of SL Industries, it was trading at around $3.50. I was on the board from 1993-1997, and by 1997, SL Industries was trading at $11-12. I served as Chairman and CEO of SL Industries from 2002-2005, and by 2005, SL Industries was trading at $17-18. I have continued to serve on the board at various points over the past decade, as the stock has climbed. When this transaction is consummated, we will be on track with our business simplification plan.

Below you can see the progress we have made with our business simplification plan:

Current State 2016 (Pending Handy & Harman & SL Industries deal)

*DGT and SPH Services are included in SPLP*CoSine and WebBank are included in WebFinancial Holding Corp.

Proceeding into 2016, we will continue to focus on our capital allocation, our business simplification plan, and the organizational development of our people, culture and relationships in a coherent manner. We are looking to make acquisitions where we will gain a competitive advantage. We have diligently developed our culture around the Steel Business System to maximize the productivity and efficiency in all areas of our business. We are retaining great people and developing a great bench.

All of us at Steel Partners continue to be active owners who want to grow and protect our investments, and intend to have a meaningful stake in our company forever. Today, our team owns approximately 51% of Steel Partners Holding LP, so we are clearly eating our own cooking and completely aligned with our stockholders.

Thank you for your continued support and input. We look forward to a productive and prosperous future.

Respectfully,

Warren G. Lichtenstein

“Never let the fear of striking out get in your way.” - Babe Ruth

2016 Pro Forma for Transactions Completed/AnnouncedSteel Partners Holdings L.P.*

(NYSE: SPLP)

Handy & Harman Ltd.70.1%

Initial Acq. Date 1/24/1997

ModusLink Global Solutions

31.5%

Initial Acq. Date 6/13/2012

Aerojet RocketdyneHoldings, Inc.

6.6%

Initial Acq. Date 8/4/2000(GenCorp)

Steel Excel, Inc.58.3%

Initial Acq. Date 2/09/2007(ADAPTEC)

WebFinancial Holding Corp.*

90.7%


In 1980, Aerojet Rocketdyne (AR) initiated a groundwater extraction and treatment (GET) system at its Sacramento location to treat groundwater contaminated from Cold War rocket testing. Over the years, that system was

expanded with advances in treatment technology to maximize cleanup efforts. To date, over 146 billion gallons of groundwater has been treated and over one million pounds of chemicals have been removed. All treatment and discharge is done under Environmental Protection Agency and state agency oversight.

However, for many years, the water treated at the GET facilities was discharged to a nearby surface water body on the AR property. Recognizing the need for water conservation and severe drought conditions in California, AR identified and developed smart ways to reuse the water after treatment and discharge.

With the use of industrial water in Sacramento so critical to AR’s operation and the potential limitations of municipal water during drought conditions, AR made modifications to its GET facilities to reuse the “clean” treated water in its industrial system. Currently, 1.5 million gallons of treated water is being conserved and re-used per day in AR’s Sacramento operations. This re-use of treated water by AR also alleviates the pressure on the local city water system and reservoir. AR treated water has also been supplied to other local water districts and the county water services.

Collaboration between AR’s groundwater remediation projects and water-strapped municipalities has helped provide drought solutions that benefit both the local water purveyors and, at the same time, ensure AR is able to meet its groundwater remediation requirements and operational needs.

Steel Safety

OMG Roofing Products of Agawam, Massachusetts, achieved an all-time record Recordable Incident Rate (RIR) for 2015 of 1.35. The RIR shows the rate of injuries and illnesses for every 100 full-time employees. This is the third year in a row that OMG achieved a new record, and the fifth year in a row that OMG has maintained an RIR significantly below the average rate for their industry. This amazing accomplishment is the result of OMG management and employee commitment to place safety as a top priority. Teams across all departments at all locations strive for continuous improvement in all areas including safety as a critical component. Management and employees engage in regular dialogue to ensure behaviors are supporting the company’s safety goals.

The graph shows OMG performance and the national average for similar industries. OMG results are 50% less than the average, placing it in the realm of world-class safety achievements.

Congratulations to the OMG family for their excellent record and dedication to a safe work environment. OMG plans continued success in 2016 on their safety achievements and goal of zero accidents and injuries.

OMG, Inc. Continues to Set New Safety Record

Aerojet Rocketdyne’s Sacramento Operations Saves Water

Two of the seven Sacramento Groundwater Treatment Facilities: Arget (on-property) and Mather Field (off-property).

Do you know why Tennessee is called the Volunteer State? During the War of 1812, at the request of President James Madison, General Andrew Jackson rallied 1,500 men from his home state to fight at the Battle of New Orleans. The name became even more self-fulfilling during the Mexican War when Governor Aaron V. Brown issued a call for 2,800 men to battle Santa Ana and 30,000 Tennesseans volunteered.

The term “Volunteer State” recognizes the long-standing tradition of Tennesseans to go above and beyond the call of duty when called by their country. In true Tennessean fashion, Eric Lussier does much the same for his company and in life.

A lifelong Tennessean and diehard University of Tennessee Volunteers football fan, Bristol, TN, was home for Eric until he enrolled in UT at Knoxville, where he earned a BS in Industrial Engineering and an MS in Industrial Engineering and Engineering Management. After which, he added an MS in Industrial and Systems Engineering from the University of Alabama at Huntsville to his credentials. “I chose industrial engineering because I like studying the interface between people and systems-processes. It provided enough technical detail to maintain my interest, but also focused on the softer skills of leadership and management of people.”

While an industrial engineering co-op student at AlliedSignal in Gallatin, Eric had a life-changing experience when he was trained in lean manufacturing techniques by Osamu “Sam” Iida, a Japanese Sensei. Pivotal to the direction of his career path, Eric frequently returns to the lessons on lean that he learned from Iida and says,

“Those principles formed the foundation of the Steel Business System as it exists today.”

Eric has worked in multiple man-ufacturing operations roles. He learned qual-ity systems in the automo-tive supply industry and became a certified Black Belt and Mas-ter Black Belt

in Lean Six Sigma while with Al-liedSignal and ARC Automotive (a division of Sequa). It was his time with ARC Automotive that engineered Eric’s move to H&H. John Quicke, with whom he worked at ARC, recruited Eric to develop an Operational Excel-lence program, which became the H&H Business System.

Eric’s proudest professional achievement to date is developing the H&H Business System, which became the pilot for the Steel Business System, with Jeff Svoboda. When Eric joined H&H in February 2008, there were nine companies within H&H that had no common suppliers, customers or processes.

“The challenge presented to us was how to improve a collection of disparate businesses and put them on a path of operational excellence to grow the company profitably. We built the Business System with a foundation based on lean manufacturing and modeled our House after the Danaher Business System. The greatest recognition we’ve received recently came from Cliff Ransom in his investor newsletter where he branded H&H as a ‘next generation Danaher,’ which was external validation of the culture we are trying to build within the companies.”

A lifelong learner, Eric continues to add new interests to his stock, livestock among them. He and his family – wife Diane, whom he met at UT, 8th-grader euphonium-playing Caleb, and 6th-grader and percussionist Jacob – live on a “gentleman’s farm” in Tennessee. They raise Kiko (the Maori word for meat) goats and free-range chickens, which along with dogs, cats and a rabbit round out the Lussier menagerie. This year they plan to give beekeeping a try.

Eric and Diane agree that raising their sons on the farm with livestock teaches them valued work ethic as well as personal responsibility and accountability. “I want to raise my boys to be producers not consumers, and have them give more than they take in life,” says Eric.

Eric is a fan of board games and movies, especially Star Wars, Lord of the Rings, and Marvel superhero-related films. He teaches a weekly Sunday School class for adults and enjoys family weekend camping trips. An avid reader of non-fiction and fiction, a few of Eric’s favorites are Influence: The Psychology of Persuasion by Robert Cialdini and, the book that he feels influenced his thinking regarding lean manufacturing more than any other, The Goal by Eliyahu Goldratt. Atlas Shrugged by Ayn Rand is a fiction favorite.

A rock solid Volunteer who goes above and beyond the call, no matter where the call comes from – Eric Lussier, Steel Partners Man of Steel.

Eric with newborn Princess, daughter of Leia, in early March at his Tennessee Gentleman’s Farm.

Man of Steel: Eric Lussier, VP H&H Business System, Handy & Harman Ltd.

“Farming looks mighty easy when your plow is a pencil and you’re a thousand miles from the corn field.” ~ Dwight Eisenhower; a favorite quote of Eric Lussier

Eric Lussier


Meet API Group

The Steel Partners presence spans the globe and impacts a wide variety of markets. Businesses represented by Steel Partners affiliated companies are diverse, fascinating and extremely creative in enterprise, and API Group is no exception.

A global company recognized as a brand enhancement specialist, API is a leading manufacturer and distributor of foils, films and laminates used to enhance the visual appeal of products and packaging, and to help customers communicate brand values and authenticity.

With roots in the United Kingdom paper industry, API’s reputation is founded on a trading history going back over a century, including more than 40 years as an independent, publicly-quoted company.

Today, API’s global operations employ more than 460 people, in 11 locations, who are dedicated to providing high quality, innovative materials and solutions for use in a vast range of applications including consumer packaging and printed media.

API foils, films and laminates are used to add metallic and holographic finishes and effects to labels, cartons, containers and closures for many of the world’s leading consumer brands in premium sectors such as alcoholic drinks, confectionary, tobacco, perfumery, cosmetics and healthcare.

API is known for its customer service ethos, technical expertise and a highly collaborative approach to working with supply chain partners to meet the most demanding requirements of brand owners and product representatives.

API the Toast of the Champagne Industry

API is delighted to have been chosen to supply Brand Enhancement materials for the next generation of premium products from Champagne house, Taittinger. Having worked in close collaboration over recent years, API has supported Taittinger’s marketing team to refine the graphics and the visual effects they wanted for the 2017 packs.

This work builds on the now iconic ‘Bulles en Fete’ champagne gift cartons developed between API and Taittinger, which saw

sales increase by as much as 40% in certain markets, with a new twist based on the latest packaging trends information and materials supplied by API’s creative team.

API is also celebrating supplying a Fresnel lens laminate to the world famous Champagne house, Moët et Chandon. Developed in great secrecy and in partnership with the chosen design house and printer, the products will be hitting Duty Free stores around the world in time for the Christmas.

API Shines at Packaging Innovations 2016

Interest in API’s Brand Enhancement products and creative solutions was highly visible at Packaging Innovations 2016, the leading packaging industry event in the UK, providing an opportunity for essential networking and a platform to promote their full suite of products to all those involved in all aspects of packaging. The event was a great success, with leads taken at the show up 43% over 2015 and a significant drive in traffic to the company’s website through a co-ordinated promotional campaign, which included Social Media.

API Supports Next Generation of Packaging Designers at the Starpack Student Awards – Effective Packaging is in the Detail!

The Starpack Industry Awards program is now in its 58th year and is the UK’s premier competition of its kind, recognizing innovation in packaging design and technology.

The Student Starpack competition, established in 1964, challenges packaging designers of the future, students from a wide range of Universities and Colleges, to create and submit solutions to problems set by brand-leading FMCG companies, design agencies, and manufacturers – and win recognition for their excellence. The

Partner Spotlight

See and hear David Peters, Creative Development Manager for API, discuss creative trends and visual effects while representing API at Packaging Innovations 2016: http://www.packagingnews.co.uk/top-story/video-apis-david-peters-at-packaging-innovations-2016-26-02-2016

The famous ‘Bulles en Fete’ gift pack developed in partnership between API and Taittinger.

Major interest in API’s Brand Enhancement solutions

Partner Spotlight

expectation is that students really challenge conventional thinking and break the rules with off-the-wall creativity, and this is the key criterion for judging success.

The Student Packaging Design Awards allows students to showcase their talent and demonstrate how to make a pack graphically attractive, including foils and laminates. In addition to looking good, the pack needs to meet the functional requirements to preserve and protect the contents and be produced cost-effectively with due regard to environmental issues.

Judging took place in Grantham, UK on 23 March. Representatives on the Judging Design Panel included members of API’s Technical team and they were presented with eye-catching and inspiring packaging ideas and designs presented across the board.

API supported the event by sponsoring the “Einstein’s Anniversary” Coin Collector’s Presentation Packaging challenge, which saw students briefed to produce a creative solution for a Presentation Gift Pack to hold a special limited edition coin made to celebrate the 100th Anniversary of Einstein’s publication of The Theory of Relativity.

The winners will receive one week’s work experience with API to learn from industry experts, and results are officially announced in June.

API Sees Customers Excel at the FSEA Gold Leaf Awards

API attended the 2016 Foil & Specialty Effects Association (FSEA) Gold Leaf Awards held at the FSEA National Conference in Orlando, April 3 – 5. The conference showcases the most exciting and creative works across the graphic arts industry.

In its 23rd year in 2016, the Gold Leaf Awards is the industry’s “Oscars,” with companies invited from around the world to enter their best work for review. Entries are judged on design, execution and level of difficulty in 25 categories with a gold, silver and bronze award presented in each category.Over 300 entries were made, with API foil used on 25% of the final winning designs, the second most represented foil supplier across all categories.

API Chosen to Judge at World Whiskies Awards

API recently helped celebrate the world’s best whiskies. The World Whiskies Awards event, part of the Whiskies and Spirit Conference, was held on 17 March 2016 and, as a respected supplier to the industry, API was chosen to judge one of the key awards. The Conference was followed by The Whisky Magazine Presentation dinner where the winners in seven categories – American Whisky, Blended Whisky, Blended Malt Whisky, Canadian Whisky, Flavoured Whisky, Grain Whisky and Single Malt Whisky – were announced. The first round of judging for the World Whiskies Awards had judges worldwide submitting their scores, with API part of the final decision-making in the all-important design categories on 1 February 2016.

API was proud to present the award for the World’s Best Blended Malt Whisky category to Reference Series III.2 by Master of Malt. The Reference Series began with three blended malts – I, II and III – each made up of the same constituent parts, only in different quantities, with III containing over 50% incredibly well-aged single malts. Version III.2 is the extraordinary Reference Series III with 10% heavily peated Islay single malt added into the mix.

Commenting on the Awards, Bob Almer, VP Sales, Americas at API said, “It is important that we celebrate success within our industry and recognize the best use of foil and acknowledge award-winning projects that deliver real impact for our customers. As one of the leading providers of materials for the enhancement of brands and packaging around the world, we are proud to be part of the prestigious FSEA Gold Leaf Awards.”

Award winner Hallmark Cards, Inc. in the category of Best use of Holographic Foil

Example of Design Student’s submission using API materials

World’s Best Blended Malt Whisky category winner Reference Series III.2 by

Master of Malt


HR HAPPENINGS

Service AwardsThank you to the following team members who celebrated years of service milestones in Q4 2015 and Q1 2016.

50 Years Roosevelt Massey-JPS Composite Materials-Anderson

45 Years Tim Opala-Lucas Milhaupt, Inc.Watson Ray-Aerojet Rocketdyne-West Palm Beach, FLTony Stephens-API Foils, Inc.-Poland

40 Years David English-Aerojet Rocketdyne-Sacramento, CAWilliam Harward-Aerojet Rocketdyne-Gainesville, VAJoseph King-ModusLink-USAKevin Lynch-Aerojet Rocketdyne-Connecticut-Home OfficeNancy Neal-Aerojet Rocketdyne-Sacramento, CASteve Salazar-Aerojet Rocketdyne-Canoga Park, CAKenneth Sprouse-Aerojet Rocketdyne-Canoga Park, CATimothy Steurer-Aerojet Rocketdyne-Sacramento, CATimothy Tesdal-Aerojet Rocketdyne-Sacramento, CAGeorge Uhley-Aerojet Rocketdyne-Canoga Park, CA

35 Years Michael Adams-Aerojet Rocketdyne-Canoga Park, CABernard Adamson-Aerojet Rocketdyne-Canoga Park, CAJudith Bauer-Aerojet Rocketdyne-Sacramento, CAJesse Caravello-Aerojet Rocketdyne-Canoga Park, CACamille Chidester-Aerojet Rocketdyne-Canoga Park, CAJames Conley-Aerojet Rocketdyne-Orange County, VAScott Connell-Aerojet Rocketdyne-Canoga Park, CARichard Cronin-Aerojet Rocketdyne-West Palm Beach, FLKevin Gulbrandsen-Aerojet Rocketdyne-Canoga Park, CARichard Gutierrez-Aerojet Rocketdyne-Canoga Park, CAJohn Harte-Aerojet Rocketdyne-Canoga Park, CASteve Hernandez-Aerojet Rocketdyne-Canoga Park, CARichard Isackson-Aerojet Rocketdyne-Redmond, WADavid Johns-Aerojet Rocketdyne-Orange County, VALyn Lary-Aerojet Rocketdyne-Canoga Park, CAWilliam MacSorley-Aerojet Rocketdyne-Camden, AR

David Magruder-Aerojet Rocketdyne-Sacramento, CAThomas McElhatton-Aerojet Rocketdyne-Sacramento, CAJohn Myers-Aerojet Rocketdyne-Gainesville, VALillian Ng-Aerojet Rocketdyne-Canoga Park, CAJohn Pate-Lucas Milhaupt Warwick, LLCEdward Petti-Aerojet Rocketdyne-West Palm Beach, FLMauro Porzelt-Aerojet Rocketdyne-Carlstadt, NJAnthony Roots-Aerojet Rocketdyne-Sacramento, CARobert Sobieski-Aerojet Rocketdyne-Canoga Park, CAJohn Sparks-Aerojet Rocketdyne-Gainesville, VAMike Tampus-Aerojet Rocketdyne-Sacramento, CASteven Trupp-Aerojet Rocketdyne-Canoga Park, CAJulie Van Kleeck-Aerojet Rocketdyne-Sacramento, CAGary Verdugo-Aerojet Rocketdyne-Canoga Park, CADiane Vishnosky-Aerojet Rocketdyne-Canoga Park, CAPhilip Wagner-Aerojet Rocketdyne-Sacramento, CAAlan Wilson-API Foils, Inc.-Livingston

30 Years Francois Auger-Kasco SharptechTracey Bailey-Aerojet Rocketdyne-Redmond, WADeborah Baker-Aerojet Rocketdyne-West Palm Beach, FLPaul Ballard-Aerojet Rocketdyne-West Palm Beach, FLChristophe Barnes-Aerojet Rocketdyne-Stennis SC, MSWalter Barnette-Aerojet Rocketdyne-Rocket Shop, Sacramento, CADale Barton-Indiana Tube CorporationCandace Brooks-Aerojet Rocketdyne-Orange County, VAJames Burson-Aerojet Rocketdyne-Sacramento, CARobert Cassady-Aerojet Rocketdyne-Arlington, VARobert Chapman-Aerojet Rocketdyne-Camden, ARPamela Chase-Aerojet Rocketdyne-Canoga Park, CAFelix Chen-Aerojet Rocketdyne-Sacramento, CADavid Chi-Aerojet Rocketdyne-Sacramento, CAPeter Cova-Aerojet Rocketdyne-Sacramento, CAKent Dewey-Aerojet Rocketdyne-Sacramento, CAJoseph Disanto-OMG, Inc.John Elieson-Aerojet Rocketdyne-West Palm Beach, FL

George Engelmann-Aerojet Rocketdyne-Sacramento, CADaniel Fellbaum-Aerojet Rocketdyne-Canoga Park, CAMary Flick-ModusLink-USAAngelita Freschi-Aerojet Rocketdyne-Sacramento, CAEdward Gholdston-Aerojet Rocketdyne-Canoga Park, CAMichael Girard-Aerojet Rocketdyne-Rocket Shop, Sacramento, CAPamela Goodley-Aerojet Rocketdyne-Sacramento, CAJohn Harenski-Aerojet Rocketdyne-West Palm Beach, FLDawn Hernandez-Aerojet Rocketdyne-Canoga Park, CAWayne Hernandez-Aerojet Rocketdyne-Sacramento, CAThomas Hertel-Aerojet Rocketdyne-Canoga Park, CASylvester Howard-Aerojet Rocketdyne-Sacramento, CADavid Hutchison-Aerojet Rocketdyne-Sacramento, CAJeffrey Johnson-Aerojet Rocketdyne-Stennis SC, MSSusan Judd-Aerojet Rocketdyne-Orange County, VABilly Kelly-ModusLink-IrelandDale King-Aerojet Rocketdyne-Canoga Park, CADouglas Knott-Aerojet Rocketdyne-Sacramento, CASamuel Kurzendoerfer-Indiana Tube CorporationFrank Love-Aerojet Rocketdyne-Canoga Park, CAMark Mabry-Aerojet Rocketdyne-Jonesborough, TNMichael Magpayo-Aerojet Rocketdyne-Sacramento, CAHubert McGovern-OMG, Inc.Danielle Messick-Aerojet Rocketdyne-Canoga Park, CAJustin Miller-Aerojet Rocketdyne-Orange County, VAWilliam Muddle-Aerojet Rocketdyne-Cape Canaveral, FLMichael Mugnaini-Aerojet Rocketdyne-Sacramento, CAJoseph Newton-Aerojet Rocketdyne-Canoga Park, CAJames Nguyen-Aerojet Rocketdyne-Canoga Park, CAThong Nguyen-Aerojet Rocketdyne-Sacramento, CAThinh Nguyentat-Aerojet Rocketdyne-Sacramento, CAThomas Parrill-Aerojet Rocketdyne-Socorro, NMRichard Pennington-Aerojet Rocketdyne-Camden, ARRichard Perez-Aerojet Rocketdyne-Sacramento, CAMichael Plato-Aerojet Rocketdyne-Canoga Park, CABruce Purcell-Aerojet Rocketdyne-Canoga Park, CANancy Reed-Aerojet Rocketdyne-Sacramento, CA

SPLP EthicsPoint: Where Ethics Is the PointThe success of Steel Partners Holdings L.P. (SPLP) is the product of the hard work, commitment and ethical business practices of its associates. SPLP partners with Navex Global, The Ethics and Compliance Experts, to provide you with a one-stop confidential portal for you to report any unethical conduct.

The SPLP Compliance & Ethics Hotline is an anonymous and confidential method for reporting conduct that may be unethical, illegal, in violation of professional standards, or otherwise inconsistent with the SPLP Code of Conduct. United States 1-877-254-1690 UK 0800-032-8483Mexico 001-800-840-7907 Germany 0800-1016582France 0800-902500 China (Southern) 10-800-120-1239Canada 1-877-254-1690 China (Northern) 10-800-712-1239 Or by website: www.steelpartners.ethicspoint.com EthicsPoint is NOT a 911 or Emergency Service:Do not use this site to report events presenting an immediate threat to life or property. Reports submitted through this service may not receive an immediate response. If you require emergency assistance, please contact your local authorities.

Ethics and Compliance is the job of everyone in the SPLP family. Thank you for making Ethics and Compliance a priority at SPLP.

HR HAPPENINGS

Service Awards continued

Timothy Ring-Aerojet Rocketdyne-West Palm Beach, FLRichard Robbins-Aerojet Rocketdyne-Gainesville, VAJames Roberts, Jr.-JPS Composite Materials-SlaterJerry Russ-Aerojet Rocketdyne-Canoga Park, CAHenry Sanko-Aerojet Rocketdyne-Gainesville, VAPaul Schans-Aerojet Rocketdyne-West Palm Beach, FLDarrel Schockley-Aerojet Rocketdyne-Orange County, VAScott Sieger-Aerojet Rocketdyne-Sacramento, CAKen Simpson-Aerojet Rocketdyne-Canoga Park, CAJeffrey Smith-Aerojet Rocketdyne-Huntsville, ALPaul Stafford-Aerojet Rocketdyne-Canoga Park, CAMichael Stearns-ModusLink-USADennis Sullivan-Aerojet Rocketdyne-West Palm Beach, FLKevin Sullivan-Aerojet Rocketdyne-Canoga Park, CAEfrosine Vail-Aerojet Rocketdyne-Sacramento, CAScotty Vanlandingham-Aerojet Rocketdyne-Camden, ARSandra Villagran-Aerojet Rocketdyne-Sacramento, CAThomas Wagner-OMG, Inc.Robert Werling-Aerojet Rocketdyne-Sacramento, CADwight Whitney-Aerojet Rocketdyne-Gainesville, VAEdwin Wurz-Aerojet Rocketdyne-Sacramento, CAKevin Yarbrough-Aerojet Rocketdyne-Huntsville, ALJohn Yezzi-Aerojet Rocketdyne-Gainesville, VA

25 Years Steve Agius-API Holographics SalfordGregory Alex-Aerojet Rocketdyne-Canoga Park, CAJeffrey Ammann-Aerojet Rocketdyne-Sacramento, CADavid Barry-Aerojet Rocketdyne-Canoga Park, CARandy Bell-Aerojet Rocketdyne-Sacramento, CAWilliam Bellows-Aerojet Rocketdyne-Canoga Park, CAKenyon Blackhurst-Moduslink-USARobert Brannam-Aerojet Rocketdyne-Sacramento, CAKurt Brockman-Aerojet Rocketdyne-Canoga Park, CAKwo-Chen Chao-HandyTube CorporationMoy Lang Chok-ModusLink-SingaporeJonathan Clemens-Aerojet Rocketdyne-Stennis SC, MSDouglas Cutler-ModusLink-USAGary Davis-Aerojet Rocketdyne-Redmond, WAHeidi Day-ModusLink-USAJohn Dimicco-Aerojet Rocketdyne-Redmond, WAAllen Engstrand-Aerojet Rocketdyne-Sacramento, CAClaude Granger-Kasco SharptechDavid Grimmett-Aerojet Rocketdyne-Canoga Park, CACarolyn Hembree-OMG, Inc.Warren Isaacson-ModusLink-USAAkos Legradi-Aerojet Rocketdyne-Canoga Park, CAChristy Leite-Aerojet Rocketdyne-West Palm Beach, FLSusan Lim-Aerojet Rocketdyne-Canoga Park, CADonald Mcmanamen-Aerojet Rocketdyne-Redmond, WACarlos Meraz-Aerojet Rocketdyne-Sacramento, CASteve Miller-SLPE VenturaTony Molloy-ModusLink-IrelandWilliam Peterson-Aerojet Rocketdyne-Redmond, WACatherine Pollard-ModusLink-IrelandKeng Khee Quek-ModusLink-SingaporeSteven Rogers-Aerojet Rocketdyne-Sacramento, CAKirk Sneddon-Aerojet Rocketdyne-Carlstadt, NJMark Thomason-API Foils, Inc.Donald Topolski-OMG, Inc.Colm Walsh-ModusLink-IrelandMisty Weil-Aerojet Rocketdyne-West Palm Beach, FLMax Wimmer-Aerojet Rocketdyne-Sacramento, CADarnel Zeller-ModusLink-USA

20 Years Joaquin Cruz Aguiar-SLPE MexicaliDavid Avendano Alcantar-SLPE Mexicali

Tamra Barnhurst-Moduslink-USAMark Barrett-ModusLink-IrelandJeff Bird-Moduslink-USASteven Breasbois-Aerojet Rocketdyne-West Palm Beach, FLRachel Brennan-ModusLink-IrelandHeather Bristow-Moduslink-USAAntrone Brodie-Moduslink-USAJoel Bruemmer-Aerojet Rocketdyne-Canoga Park, CAEdmund Buelow-Lucas Milhaupt, Inc.Tanya Burroughs-ModusLink-IrelandMark Burton-Moduslink-USAGeorge Calzada-Aerojet Rocketdyne-Vernon, CALay Kuan Chan-ModusLink-SingaporeStacy Cox-Moduslink-USAPhilip Csik-Aerojet Rocketdyne-Rocket Shop, Sacramento, CAMary Daly-ModusLink-IrelandJeanne Eakins-Moduslink-USAShane Enright-ModusLink-IrelandErik Everts-Moduslink-USAYesenia Mari Madera Fernandez-SLPE MexicaliKong Moy Foo-ModusLink-SingaporeRamon Castro Fuertes-SLPE MexicaliRandall Garber-Aerojet Rocketdyne-Jonesborough, TNLuis Ray Ambriz Garcia-SLPE MexicaliKasee Gull-Moduslink-USAShawn Hall-Lucas Milhaupt, Inc.Mark Harmon-Aerojet Rocketdyne-Jonesborough, TNJohn Heffernan-ModusLink-IrelandLarry Henson-Aerojet Rocketdyne-Redmond, WAPansy Holmes-Aerojet Rocketdyne-Jonesborough, TNDennis Horan-ModusLink-IrelandDavid Jarvis-API Holographics SalfordShiow-Jen Kao-Aerojet Rocketdyne-Canoga Park, CAAnthony Kinsella-ModusLink-IrelandJose Lara-Moduslink-USAYong Hwe Lea-ModusLink-SingaporeNorbert Lohschelder-ModusLink-NetherlandsKum Loong Loo-ModusLink-SingaporeVictor Hugo Castellon Lopez-SLPE MexicaliThomas Marks-Aerojet Rocketdyne-Camden, ARMaria Elisa Martinez-ModusLink-NetherlandsTim McCoy-Aerojet Rocketdyne-Vernon, CACatherine Mcdonnell-ModusLink-IrelandPatricia McKelvin-Aerojet Rocketdyne-Camden, ARPeter Mills-Moduslink-USADan Mitchell-SLPE VenturaFintan Morris-ModusLink-IrelandMary Munnelly-ModusLink-IrelandDenis Murphy-ModusLink-IrelandMari Nathanson-Aerojet Rocketdyne-Sacramento, CAChristine Paros-Aerojet Rocketdyne-Sacramento, CACurtis Patterson-Aerojet Rocketdyne-West Palm Beach, FLGerard Pelletier-Aerojet Rocketdyne-Canoga Park, CAShook Wan Poon-ModusLink-SingaporeCharles Putich-Aerojet Rocketdyne-Vernon, CAFelicia Reynolds-Moduslink-USABrenda Rice-Moduslink-USAPeter Ruiz-Aerojet Rocketdyne-Vernon, CALarry Salaz-Aerojet Rocketdyne-Canoga Park, CAMichael Sepulveda-Aerojet Rocketdyne-Sacramento, CAOtto Singleton-Aerojet Rocketdyne-Stennis SC, MSMichael Vail-OMG, Inc.Julie Watanabe-Sloan-Aerojet Rocketdyne-Canoga Park, CADonna Wilcox-Aerojet Rocketdyne-Sacramento, CAKiesha Williams-Moduslink-USAKok Foo Yan-ModusLink-SingaporeSally Yeo-ModusLink-SingaporePatricia Zanoli-ModusLink-Netherlands

15 Years Shelby Abercrombie-Aerojet Rocketdyne-Jonesborough, TNPeter Alvarez-Aerojet Rocketdyne-Sacramento, CAJose Angel Godinez Armenta-SLPE MexicaliAdam Atkins-ModusLink-USAFrancoise Baer-ModusLink-FranceTammie Baeten-ModusLink-USAJeffrey Baker-Aerojet Rocketdyne-Sacramento, CAElizabeth Barnett-ModusLink-USAErika Minerva Becerra-ModusLink-MexicoMichael Belanger-Aerojet Rocketdyne-Sacramento, CAKeith Bendyk-JPS Composite Materials-AndersonSu Zheng Bo-ModusLink-TaiwanKevin Bonham-Indiana Tube CorporationLucky Bouthavong-ModusLink-USAJames Broadway-OMG, Inc.Andrea Bushnell-ModusLink-USAJeffrey Capps-Indiana Tube CorporationDavid Carter-Aerojet Rocketdyne-Sacramento, CAPamela Chang-ModusLink-TaiwanGary Charles-Aerojet Rocketdyne-Sacramento, CAHugo Chavez-Aerojet Rocketdyne-Camden, ARYan Wei Chen-ModusLink-TaiwanMichael Cook-Aerojet Rocketdyne-Sacramento, CAClive Crook-SLPE VenturaRenee’ Cuevas-Aerojet Rocketdyne-Stennis SC, MSWesley Davis-Aerojet Rocketdyne-Jonesborough, TNFranklin Delange-Aerojet Rocketdyne-Sacramento, CAJose Delgado-ModusLink-MexicoKeith Deysenroth-Aerojet Rocketdyne-Redmond, WAJose Dokter-ModusLink-NetherlandsVenkataramana Dommata-ModusLink-USARenee Dong-ModusLink-TaiwanMargaret Edwards-ModusLink-IrelandSylvia Esquivel-ModusLink-NetherlandsMaeve Ferry-ModusLink-IrelandCon Fiamegos-ModusLink-AustraliaAlejandro Flores-ModusLink-MexicoStacy Gagne-Aerojet Rocketdyne-Gainesville, VAJohanna German-ModusLink-IrelandJoana Goh-ModusLink-SingaporePriscilla Goh-ModusLink-ChinaElizabeth Gonzalez-Aerojet Rocketdyne-Canoga Park, CAAlberto Gonzalez-ModusLink-MexicoArnold Groenendijk-ModusLink-NetherlandsJared Guiterrez-ModusLink-MexicoVivien Gwee-ModusLink-SingaporeRolf Hamke-Aerojet Rocketdyne-Sacramento, CAKarla Fabiola Hernandez-ModusLink-MexicoSteven Herrin-Aerojet Rocketdyne-Sacramento, CACharles Hirst-Aerojet Rocketdyne-Sacramento, CADavid Hobson-Aerojet Rocketdyne-Redmond, WAAngela Horton-ModusLink-USACatherine Jackson-ModusLink-IrelandMorgan Jaouen-ModusLink-NetherlandsFelani Javier-Aerojet Rocketdyne-Canoga Park, CALindsay Jiang-ModusLink-ChinaCharles Jones-Aerojet Rocketdyne-Huntsville, ALThomas Kaniowski-ModusLink-AustraliaDonnie Kelly-Aerojet Rocketdyne-Camden, ARMukesh Chander Kidarnath-ModusLink-MalaysiaDiana Kimball-Aerojet Rocketdyne-Redmond, WAPeter Knudsen-GenCorp, Sacramento, CAAlexandr Kristalinski-Aerojet Rocketdyne-Redmond, WADavid Kruger-Aerojet Rocketdyne-Sacramento, CACristy Kumasaka-Aerojet Rocketdyne-Redmond, WASteven Ladoski-ModusLink-USAMelissa Larsen-ModusLink-USA


HR HAPPENINGS


Kang Lee-Aerojet Rocketdyne-Sacramento, CAEng Kiat Lim-ModusLink-SingaporeJin Yun Lin-ModusLink-TaiwanSusan Long-ModusLink-SingaporeMaria Esmeralda Lopez-SLPE MexicaliJoanna Lu-ModusLink-ChinaLian Chong Lum-ModusLink-SingaporePingnan Luo-ModusLink-ChinaKent Lynn-Aerojet Rocketdyne-Redmond, WAJoseph Martinez-Aerojet Rocketdyne-West Palm Beach, FLKaren Mcnamara-ModusLink-IrelandSteven Meldrum-API Foils, Inc.-LivingstonSiti Rohaini Sahip Mohd-ModusLink-MalaysiaDianna Morrow-Aerojet Rocketdyne-Sacramento, CAMelanie Mott-Aerojet Rocketdyne-Redmond, WAKent Neville-Aerojet Rocketdyne-Sacramento, CAAdnan Mohd Noh-ModusLink-MalaysiaMarian Oostendrop-ModusLink-NetherlandsThomas Orelup-Kasco SharptechMiguel Angel Aranda Ortega-SLPE MexicaliDongyong Pan-ModusLink-ChinaGerald Parr-Aerojet Rocketdyne-Camden, ARSherri Pedler-ModusLink-USASusan Peng-ModusLink-ChinaFabian Casio Pina-ModusLink-MexicoAnthony Poole-ModusLink-IrelandTarun Punjabi-ModusLink-USAMoney Qian-ModusLink-TaiwanKelly Qin-ModusLink-ChinaPeter Quah-ModusLink-MalaysiaKathleen Rapple-ModusLink-IrelandMaria Reitman-ModusLink-USAJohn Richards-Aerojet Rocketdyne-Sacramento, CABrent Ridgeway-ModusLink-USAThomas Ritchie-Aerojet Rocketdyne-Redmond, WARandy Rosado-Aerojet Rocketdyne-Gainesville, VADavid Ryder-Aerojet Rocketdyne-Orange County, VAJohn Santangelo-ModusLink-USAShawn Sapp-ModusLink-USACory Schwartz-Aerojet Rocketdyne-Sacramento, CAYingying Shen-ModusLink-ChinaJanice Shepherd-Aerojet Rocketdyne-Orange County, VAJen Simpson-API Foils, Inc.-UKJeffery Stophel-Aerojet Rocketdyne-Jonesborough, TNShayna Strauss-ModusLink-USASulini Sulaiman-ModusLink-MalaysiaXiaoyong Sun-ModusLink-ChinaTaryn Syverain-ModusLink-USARicardo Tai-ModusLink-TaiwanJohn Taylor-API Foils, Inc.-LivingstonMichael Thiers-Aerojet Rocketdyne-Sacramento, CAJerit Wendlandt-Aerojet Rocketdyne-Canoga Park, CADerek Whyte-API Foils, Inc.-LivingstonRobert Wilson-ModusLink-USAYat Wong-ModusLink-USAHerong Yang-ModusLink-USAVincent Yarnot-Aerojet Rocketdyne-Redmond, WATracy Yeh-ModusLink-TaiwanChristine Zelisko-OMG, Inc.Xiuqin Zhang-ModusLink-ChinaJoe Zhu-ModusLink-ChinaXianfeng Zhu-ModusLink-ChinaLucy Zhuang-ModusLink-Taiwan

10 Years John Abla-Aerojet Rocketdyne-Sacramento, CAKrzysztof Aftyka-ModusLink-IrelandTina Alexander-JPS Composite Materials-Statesville

Helen Ang-ModusLink-SingaporeSok Tin Ang-ModusLink-SingaporeBarbara Angell-Aerojet Rocketdyne-Redmond, WAJanine Arthur-Aerojet Rocketdyne-Sacramento, CARobert Asendorf-Aerojet Rocketdyne-Redmond, WARenee Avra-Aerojet Rocketdyne-Redmond, WAYongqi Bao-ModusLink-ChinaKenneth Barber-Lucas Milhaupt Warwick, LLCMatthew Barber-Aerojet Rocketdyne-Redmond, WADaniel Bartosek-ModusLink-Czech RepCarol Batignani-Aerojet Rocketdyne-West Palm Beach, FLKarel Benko-ModusLink-Czech RepPavel Berka-ModusLink-Czech RepScarlett Biddison-ModusLink-USAVeronika Bilkova-ModusLink-Czech RepDorien Bloemink-ModusLink-NetherlandsMarc Boschman-ModusLink-NetherlandsJacob Bradt-Aerojet Rocketdyne-Sacramento, CAKelli Bray-Aerojet Rocketdyne-Jonesborough, TNAntonio Brieva-Lucas Milhaupt Warwick, LLCEric Brotherton-OMG, Inc.Laura Brown-Aerojet Rocketdyne-Sacramento, CALihua Cao-ModusLink-ChinaMay Cao-ModusLink-ChinaIsabel Cardenas-ModusLink-USAZuzana Celkova-ModusLink-Czech RepEurico Centeio-Lucas Milhaupt Warwick, LLCJuanita Cerna-Lucas Milhaupt, Inc.Eric Cervantes-Aerojet Rocketdyne-Redmond, WAZuzana Cervinkova-ModusLink-Czech RepPetr Cevela-ModusLink-Czech RepRum Chau-Lucas Milhaupt Warwick, LLCJuan Cazares Chavez-ModusLink-MexicoQian Chen-ModusLink-ChinaJiuyan Chi-ModusLink-ChinaStevie Chiu-Aerojet Rocketdyne-Sacramento, CAJaroslav Chleboun-ModusLink-Czech RepHung Wei Chu-ModusLink-TaiwanRobert Clayborn-Aerojet Rocketdyne-Camden, ARPatricia Clemens-Baxter-Aerojet Rocketdyne-Sacramento, CAMichael Cochran-Aerojet Rocketdyne-Redmond, WAStacey Colletti-Aerojet Rocketdyne-Sacramento, CAWanda Colon-OMG, Inc.Phillip Cooper-ModusLink-USAScott Craig-Aerojet Rocketdyne-Sacramento, CACindy Cropp-ModusLink-USAJitka Cumova-ModusLink-Czech RepDavid Dacier-Lucas Milhaupt Warwick, LLCBrian Disher-Aerojet Rocketdyne-Sacramento, CAJarmila Dohnalkova-ModusLink-Czech RepVojtech Dokoupil-ModusLink-Czech RepLucas Dong-SLPE XiangheMary Dotson-Aerojet Rocketdyne-Gainesville, VAJayson Dozier-Aerojet Rocketdyne-Sacramento, CATomas Drapela-ModusLink-Czech RepJaroslava Drbosalova-ModusLink-Czech RepJim Duan-ModusLink-ChinaCyndi Dumas-Aerojet Rocketdyne-Camden, ARStanislav Dvorak-ModusLink-Czech RepJitka Dvorakova-ModusLink-Czech RepDuane Ebersold-HandyTube CorporationJessica Emens-Aerojet Rocketdyne-Gainesville, VAAnny Fan-ModusLink-ChinaAdel El Far-API Foils, Inc.Cameron Fauntleroy-Aerojet Rocketdyne-Gainesville, VALukas Fiala-ModusLink-Czech RepJohn Flores-Aerojet Rocketdyne-Socorro, NMAndrea Foretova-ModusLink-Czech Rep

Murray Forsman-Aerojet Rocketdyne-Stennis SC, MSJohn Fox-Aerojet Rocketdyne-Sacramento, CAPaul Franceschini-Aerojet Rocketdyne-Sacramento, CATomas Frolisek-ModusLink-Czech RepXiang Fu-ModusLink-ChinaVernon Gamble-Aerojet Rocketdyne-Gainesville, VAJoshua Garlick-Aerojet Rocketdyne-Sacramento, CAStronger Geng-ModusLink-ChinaSylvia Gibbs-Aerojet Rocketdyne-Camden, ARPrintess Gilkey-Aerojet Rocketdyne-Camden, ARGrant Gillaspy-Aerojet Rocketdyne-Sacramento, CAJenny Gogarty-ModusLink-IrelandKarla Madrigal Gonzalez-ModusLink-MexicoHisanori Goto-ModusLink-JapanAnnette Gray-Aerojet Rocketdyne-Canoga Park, CAScott Greig-API Holographics SalfordHelena Hanakova-ModusLink-Czech RepMarketa Harcinikova-ModusLink-Czech RepJason Harlow-ModusLink-IrelandHasrul Hashim-ModusLink-MalaysiaKayly Hawkins-ModusLink-USAFiona Healy-ModusLink-IrelandMarco Inclan Herrera-ModusLink-MexicoSharon Hildebrand-Aerojet Rocketdyne-Camden, ARMichal Hlavac-ModusLink-Czech RepLenka Holoubkova-ModusLink-Czech RepPhetsamone Holvick-Aerojet Rocketdyne-Sacramento, CAJana Horackova-ModusLink-Czech RepStanislav Horak-ModusLink-Czech RepHana Hrivnakova-ModusLink-Czech RepBetty Huang-ModusLink-ChinaJian Huang-ModusLink-USAJerry Hughes-Aerojet Rocketdyne-Sacramento, CAJames Hunt-Aerojet Rocketdyne-Sacramento, CAAmy Huynh-Aerojet Rocketdyne-Sacramento, CALouise Ignat-ModusLink-NetherlandsStephen Imhoff-Aerojet Rocketdyne-Sacramento, CAAmy Irwin-ModusLink-USAChristy Irwin-UK EliteKamil Jahoda-ModusLink-Czech RepJana Javorska-ModusLink-Czech RepSara Jiang-ModusLink-ChinaVickie Jordan-ModusLink-USAMarco Kaiser-Lucas Milhaupt Warwick, LLCThevandaran Kalimuthu-ModusLink-MalaysiaThomas Keily-JPS Composite Materials-AndersonRichard Kelly-Aerojet Rocketdyne-Sacramento, CAWayne Kenny-API Holographics SalfordVincent Kettering-ModusLink-NetherlandsMohammad Khan-Aerojet Rocketdyne-Huntsville, ALRuchir Khanduri-ModusLink-JapanJiri Knesl-ModusLink-Czech RepBrian Koch-Aerojet Rocketdyne-Redmond, WATomas Komenda-ModusLink-Czech RepSabina Konecna-ModusLink-Czech RepMichael Kopp-Lucas Milhaupt, Inc.Josef Kovar-ModusLink-Czech RepOlga Kovarova-ModusLink-Czech RepJohn Koza-Aerojet Rocketdyne-Sacramento, CAGreg Kramer-Aerojet Rocketdyne-Redmond, WAVladimira Kucerova-ModusLink-Czech RepLauro Lai-ModusLink-NetherlandsBrenda Maribel Lara-SLPE MexicaliJeff Larsen-Aerojet Rocketdyne-Sacramento, CADavid LeBeau-Lucas Milhaupt Warwick, LLCWilliam LeBlanc-ModusLink-USAKlara Ledvinova-ModusLink-Czech RepDonald Lephiew-Aerojet Rocketdyne-Camden, AR

HR HAPPENINGS


Ivan Les-ModusLink-Czech RepGary Lester-Aerojet Rocketdyne-Camden, ARJianqing Li-ModusLink-ChinaLeon Li-ModusLink-ChinaQinghai Li-ModusLink-ChinaXinwei Li-ModusLink-ChinaJia Li-SLPE XiangheVicky Liang-ModusLink-ChinaJungle Liao-ModusLink-TaiwanKim Lan Lim-ModusLink-SingaporeTian Liu-ModusLink-ChinaTong Liu-ModusLink-ChinaDan Lock-UK EliteEleazar Longoria-Kasco SharptechBorivoj Loubal-ModusLink-Czech RepJean Low-ModusLink-SingaporeGrace Luo-ModusLink-ChinaLili Luo-SLPE XiangheJacquelynn Luther-ModusLink-USANicole Ma-ModusLink-ChinaSteven MacDonald-UK EliteMargaret MacElhiney-OMG, Inc.Marta Majtnerova-ModusLink-Czech RepKris Maluchnik-ModusLink-USAMark Mamula-Aerojet Rocketdyne-Gainesville, VABoris Mandzjuk-ModusLink-Czech RepJeremy Mapes-Aerojet Rocketdyne-Sacramento, CARoman Maslak-ModusLink-Czech RepMilan Mazal-ModusLink-Czech RepMichael McCrory-Kasco SharptechAndrene McDowall-ModusLink-USAMark Mcgraw-Aerojet Rocketdyne-Redmond, WADermot Meagher-ModusLink-IrelandNadezda Medkova-ModusLink-Czech RepJan Melka-ModusLink-Czech RepAdam Menlove-ModusLink-USABryce Miner-ModusLink-USADiana Minter-JPS Composite Materials-StatesvilleSheila Mitchell-Kasco SharptechMarcella Mooney-ModusLink-IrelandAine Moore-ModusLink-IrelandAndrew Morgan-ModusLink-UKDavid Mortenson-ModusLink-USADiane Morvay-Aerojet Rocketdyne-Gainesville, VACarmen Mosseau-Lucas Milhaupt, Inc.Jeneene Mullens-Aerojet Rocketdyne-Camden, AREdwin Munoz-API Foils, Inc.Raul Chavez Muñoz-ModusLink-MexicoLisa Murray-OMG, Inc.Jiri Musil-ModusLink-Czech RepMiroslav Musil-ModusLink-Czech RepAlena Musilova-ModusLink-Czech RepFrances Naranjo-Aerojet Rocketdyne-Socorro, NMKaren Newton-Aerojet Rocketdyne-Gainesville, VABrandon Nguyen-Aerojet Rocketdyne-Sacramento, CANorman Noble-ModusLink-USALenka Nyklova-ModusLink-Czech RepJana Ondrackova-ModusLink-Czech RepSuan Cheok Ong-ModusLink-SingaporeCraig Overcash-JPS Composite Materials-StatesvilleThomas Pangelinan-Aerojet Rocketdyne-Sacramento, CATommy Papapicco-ModusLink-NetherlandsAnna Pasek-ModusLink-IrelandPandora Patterson-Aerojet Rocketdyne-Redmond, WARandall Pearson-Aerojet Rocketdyne-West Palm Beach, FLAura Peche-HandyTube CorporationAweng Peng-ModusLink-ChinaJody Peng-ModusLink-ChinaDagmar Pernicova-ModusLink-Czech Rep

Jay Perocchi-ModusLink-USAMarc Petak-Aerojet Rocketdyne-Sacramento, CANicole Peterkin-Aerojet Rocketdyne-West Palm Beach, FLVernon Pilarsky-Aerojet Rocketdyne-Sacramento, CAOldrich Pokorny-ModusLink-Czech RepDavid Popelka-ModusLink-Czech RepAlbert Porter-Aerojet Rocketdyne-Canoga Park, CAMichaela Postolkova-ModusLink-Czech RepMagdalena Poulikova-ModusLink-Czech RepBrett Poulsen-Aerojet Rocketdyne-Sacramento, CABill Pratt-Aerojet Rocketdyne-Sacramento, CARadomila Prochazkova-ModusLink-Czech RepJohn Putt-Aerojet Rocketdyne-Sacramento, CAJun Qian-ModusLink-ChinaMarcela Radvanova-ModusLink-Czech RepKenneth Ratliff-Kasco SharptechSimon Reynolds-ModusLink-Czech RepMartin Richterjork-ModusLink-Czech RepAlan Rogers-Aerojet Rocketdyne-Orange County, VAEmila Ruiter-ModusLink-NetherlandsMiroslav Ruzicka-ModusLink-Czech RepPamela Rykiel-HandyTube CorporationShanti S.Vijayam-ModusLink-MalaysiaMartin Sadecky-ModusLink-Czech RepJano Saija-ModusLink-NetherlandsNor Marini Abu Salim-ModusLink-MalaysiaMichael Sanders-Kasco SharptechThomas Sanderson-Aerojet Rocketdyne-Redmond, WAJan Schiller-ModusLink-Czech RepDeborah Scott-Aerojet Rocketdyne-Camden, ARMichele Seabaugh-Aerojet Rocketdyne-Canoga Park, CASharon See-ModusLink-MalaysiaJulinah Selamat-ModusLink-SingaporeMilan Sevcik-ModusLink-Czech RepMarina Shaari-ModusLink-MalaysiaJoseph Shelby-Aerojet Rocketdyne-Camden, ARDamion Shelton-ModusLink-USASteven Shen-ModusLink-ChinaRichard Sheubrooks-ModusLink-USAJaime Shih-Aerojet Rocketdyne-Redmond, WADeborah Shumway-ModusLink-USAKaterina Simunkova-ModusLink-Czech RepSarah Sinclair-API Foils, Inc.-LivingstonKaterina Sklenska-ModusLink-Czech RepAndrea Skrobakova-ModusLink-Czech RepJitka Slezakova-ModusLink-Czech RepJakub Solarik-ModusLink-Czech RepMilan Solarik-ModusLink-Czech RepFengjing Song-ModusLink-ChinaZbynek Spinka-ModusLink-Czech RepEva Stavarova-ModusLink-Czech RepTerrance Steigmier-Lucas Milhaupt, Inc.Marie Stejskalova-ModusLink-Czech RepTomas Stredula-ModusLink-Czech RepMichal Strejcek-ModusLink-Czech RepPavel Strejcek-ModusLink-Czech RepMichael Styczynski-Aerojet Rocketdyne-Sacramento, CAShuai Sun-ModusLink-ChinaVickie Sun-ModusLink-ChinaHana Svobodova-ModusLink-Czech RepLukas Sykora-ModusLink-Czech RepJana Talpova-ModusLink-Czech RepHonggang Tang-ModusLink-ChinaAnthony Tarsitano-Lucas Milhaupt, Inc.Kevin Thorsen-Aerojet Rocketdyne-Canoga Park, CAGregory Tillman-Kasco SharptechMichal Tizek-ModusLink-Czech RepAmy Toh-ModusLink-SingaporeLaura Torres-Aerojet Rocketdyne-Socorro, NM

Petr Tretina-ModusLink-Czech RepJaroslav Trneny-ModusLink-Czech RepKvetoslava Trtilkova-ModusLink-Czech RepJeffery Tsai-ModusLink-TaiwanDonald Tzeng-Aerojet Rocketdyne-Sacramento, CAMichaela Valova-ModusLink-Czech RepJan Vasek-ModusLink-Czech RepJitka Veverova-ModusLink-Czech RepHong Seng Voon-ModusLink-SingaporeIveta Vrankova-ModusLink-Czech RepDavid Vykoukal-ModusLink-Czech RepGaofeng Wang-ModusLink-ChinaNelly Wang-ModusLink-ChinaXing Wang-SLPE XiangheRyan Webb-HandyTube CorporationJuan Wei-ModusLink-ChinaAmanda Wickel-ModusLink-USAChristopher Wilmot-Aerojet Rocketdyne-Orange County, VABrad Xiao-ModusLink-ChinaHuachun Xiao-ModusLink-ChinaCrystal Xie-ModusLink-ChinaGaoyan Xie-ModusLink-ChinaYuki Xu-ModusLink-ChinaJacky Yan-ModusLink-ChinaBaojun Yang-ModusLink-ChinaChonggao Yin-ModusLink-ChinaAmy Young-ModusLink-USALouise Zhang-ModusLink-ChinaJunjun Zhang-SLPE XiangheHangyun Zhao-ModusLink-ChinaXipeng Zhou-ModusLink-ChinaZongbing Zhou-ModusLink-ChinaYan Zhu-ModusLink-ChinaYanxia Zhuang-SLPE XiangheLenka Zilkova-ModusLink-Czech RepLenkaBlahoudkova -ModusLink-Czech RepYunfengWang -ModusLink-China

5 Years Wan Salwah Wan Abdullah-ModusLink-MalaysiaEugenia Lara Aceves-ModusLink-MexicoJodiAnn Aguilar-ModusLink-USARosita Ahmad-ModusLink-MalaysiaRohani Md Ali-ModusLink-MalaysiaManuel Alves-Lucas Milhaupt Warwick, LLCAnnie Alvidrez-SLPE VenturaEligio Mondaca Alvirde-SLPE MexicaliOmar Ambriz-SLPE VenturaAndres Anderson-Aerojet Rocketdyne-Carlstadt, NJAlex Ang-ModusLink-SingaporeRachel Ang-ModusLink-MalaysiaLeslie Anthony-ModusLink-IrelandMani Mala Appalaswamy-ModusLink-MalaysiaNorma Ariffin-ModusLink-MalaysiaVirginia Arreola-ModusLink-USASanthia Asogan-ModusLink-MalaysiaJiri Balas-ModusLink-Czech RepAnna Barron-Aerojet Rocketdyne-Camden, ARAlicia Batista-Rodriguez-Aerojet Rocketdyne-Sacramento, CAStephen Beard-ModusLink-USAMark Beckerdite-Aerojet Rocketdyne-Sacramento, CASona Bednarova-ModusLink-Czech RepRalph Beers-ModusLink-NetherlandsLewis Benton-UK EliteKathleen Betts-ModusLink-USASteen Bidelman-Aerojet Rocketdyne-Sacramento, CARebecca Bircher-Aerojet Rocketdyne-Sacramento, CATina Blanding-JPS Composite Materials-AndersonMartina Bohmova-ModusLink-Czech Rep


HR HAPPENINGS


Bretislav Botek-ModusLink-Czech RepHelen Bowles-ModusLink-IrelandSarka Brazdova-ModusLink-Czech RepWilliam Brazeale-Aerojet Rocketdyne-Camden, ARTina Breazeale-JPS Composite Materials-AndersonKoen Breij-ModusLink-NetherlandsOris Bryan-Aerojet Rocketdyne-Sacramento, CAGlen Bursey-ModusLink-USAKathryn Burson-Aerojet Rocketdyne-Camden, ARRadim Bus-ModusLink-Czech RepAles Bystricky-ModusLink-Czech RepMingliang Cai-ModusLink-ChinaEdward Cain-Aerojet Rocketdyne-Sacramento, CASusan Camara-Aerojet Rocketdyne-Sacramento, CACharles Campbell-JPS Composite Materials-StatesvilleYueying Cao-ModusLink-ChinaLoraine Carag-ModusLink-NetherlandsDavid Carney-Aerojet Rocketdyne-Sacramento, CASandra Veronica Haro Carrera-SLPE MexicaliLisa Marie Cartaya-ModusLink-USAAlexander Castillo-Aerojet Rocketdyne-Sacramento, CATomas Celechovsky-ModusLink-Czech RepJack Chan-ModusLink-ChinaMui Kok Chang-ModusLink-SingaporeTimothy Charles-Aerojet Rocketdyne-Sacramento, CAVince Che-ModusLink-ChinaVimala Chelliah-ModusLink-MalaysiaHong Chen-ModusLink-ChinaHua Chen-ModusLink-ChinaHui Chen-ModusLink-ChinaMandy Chen-ModusLink-ChinaShuliang Chen-ModusLink-ChinaShuting Chen-ModusLink-ChinaYan Chen-ModusLink-ChinaMing Chen-SLPE ShanghaiShuYou Chen-SLPE ShanghaiDenggao Cheng-ModusLink-ChinaGuangxu Cheng-ModusLink-ChinaLiqiong Cheng-ModusLink-ChinaJohn Cho-ModusLink-TaiwanJan Chraust-ModusLink-Czech RepPeizhen Chu-ModusLink-ChinaFiona Clarke-ModusLink-IrelandStuart Clarke-ModusLink-IrelandStephanie Coleman-Aerojet Rocketdyne-Vernon, CAKelly Combs-Aerojet Rocketdyne-Sacramento, CAAlbert Contreras-Aerojet Rocketdyne-Sacramento, CAAdam Court-API Holographics SalfordOscar Escarcega Cruz-SLPE MexicaliScott Cunningham-Aerojet Rocketdyne-Gainesville, VAKim Czerwinski-Lucas Milhaupt, Inc.Sandy De Almeida-ModusLink-NetherlandsJamilah Md Dessa-ModusLink-MalaysiaSiti Aishah Md Dessa-ModusLink-MalaysiaNova Djulaini-ModusLink-SingaporeBeata Drzewiecka-ModusLink-NetherlandsAzure Du-ModusLink-ChinaBaolin Duan-ModusLink-ChinaAgni Dumas-SLPE VenturaTomas Dvorak-ModusLink-Czech RepJason Edwards-Aerojet Rocketdyne-Camden, ARAmanda Ehlers-Kasco SharptechPaul English-ModusLink-IrelandJohnny Erasmus-ModusLink-NetherlandsBrian Ezzell-ModusLink-USAYunjia Fei-ModusLink-ChinaLiam Ferriter-ModusLink-IrelandMichael Flanigan-Aerojet Rocketdyne-Rocket Shop, Sacramento, CA

Brent Fournier-OMG, Inc.Aiying Fu-ModusLink-ChinaAva Fu-ModusLink-ChinaJana Gelnarova-ModusLink-Czech RepGeok Bee Goh-ModusLink-SingaporeGuat Poo Goh-ModusLink-MalaysiaDariusz Golebiowski-ModusLink-IrelandImara Gonzalez-ModusLink-USACarol Grealy-ModusLink-IrelandKarly Grimaldi-OMG, Inc.Alex Gu-ModusLink-ChinaKanimalar Gunasakaran-ModusLink-MalaysiaNissanthupriya Gunasegaran-ModusLink-MalaysiaMeirong Guo-ModusLink-ChinaJose Gutierrez-ModusLink-USAOndrej Gyenes-ModusLink-Czech RepAdam Habart-Aerojet Rocketdyne-Jonesborough, TNStef Hagen-ModusLink-NetherlandsNora Hale-ModusLink-USARoslina Abdul Hamid-ModusLink-MalaysiaAndrew Hamlin-ModusLink-USASabrina Han-ModusLink-ChinaSeamus Hanrahan-ModusLink-IrelandRicahrd Hardy-ModusLink-USAKimberly Harper-Aerojet Rocketdyne-Camden, ARGregory Hartmann-OMG, Inc.Haniyati Hassan-ModusLink-MalaysiaJoshua Hatridge-Aerojet Rocketdyne-Camden, ARPetr Havelka-ModusLink-Czech RepSona Havlickova-ModusLink-Czech RepLeah Hawes-ModusLink-USAJohn Hayes-ModusLink-IrelandHunk He-ModusLink-ChinaQuan He-ModusLink-ChinaTroy He-ModusLink-ChinaLeng Her-Aerojet Rocketdyne-Sacramento, CAAndrea Heryanova-ModusLink-Czech RepMichael Hong-Aerojet Rocketdyne-Redmond, WAHing Keong Hong-ModusLink-SingaporeAlison Hopkins-Aerojet Rocketdyne-Camden, ARJack Hou-ModusLink-ChinaEva Hrackova-ModusLink-Czech RepLada Hruskova-ModusLink-Czech RepFei Hu-ModusLink-ChinaPan’gang Hu-ModusLink-ChinaSmile Hu-ModusLink-ChinaXiaowei Hu-ModusLink-ChinaKingta Hua-ModusLink-ChinaBen Huang-ModusLink-ChinaBlake Huang-ModusLink-ChinaCindy Huang-ModusLink-ChinaHuanbin Huang-ModusLink-ChinaJuan Huang-ModusLink-ChinaKanina Huang-ModusLink-ChinaZhiqing Huang-ModusLink-ChinaStanislava Humlickova-ModusLink-Czech RepBruce Hyland-Aerojet Rocketdyne-Rocket Shop, Sacramento, CAPetra Hyzlova-ModusLink-Czech RepKu Meriyam Ibrahim-ModusLink-MalaysiaAziz Imider-ModusLink-Czech RepIdelan Ishak-ModusLink-SingaporeHana Splichalova Jaklova-ModusLink-Czech RepMilos Jakubek-ModusLink-Czech RepMaury James-Kasco SharptechMiroslav Janda-ModusLink-Czech RepSusan Jing-ModusLink-ChinaXiufeng Jing-ModusLink-ChinaSusan Joiner-Aerojet Rocketdyne-Orange County, VA

Emily Jolley-ModusLink-USACoy Jordan-Aerojet Rocketdyne-Sacramento, CAGeorge Kardasopoulos-Aerojet Rocketdyne-Sacramento, CAGita Karle-ModusLink-USARengamah Kathan-ModusLink-MalaysiaSaraswathi Kathan-ModusLink-MalaysiaTao Ke-ModusLink-ChinaKevin Kelleher-ModusLink-IrelandVladmir Klima-ModusLink-Czech RepLukas Koblizek-ModusLink-Czech RepJana Kotalova-ModusLink-Czech RepMartina Kratochvilova-ModusLink-Czech RepPavel Kroutil-ModusLink-Czech RepLadislava Kubikova-ModusLink-Czech RepAdam Laakmann-Aerojet Rocketdyne-Sacramento, CAErik Langguth-Kasco SharptechLeona Latynova-ModusLink-Czech RepEileen Leahy-ModusLink-IrelandKwee Fong Lee-ModusLink-SingaporeL. Kanapathy M. Letchumanathan-ModusLink-MalaysiaTomas Lev-ModusLink-Czech RepWilma Lewis-Aerojet Rocketdyne-Camden, ARAiping Li-ModusLink-ChinaCandy Li-ModusLink-ChinaCatherine Li-ModusLink-ChinaCindy Li-ModusLink-ChinaFreedom Li-ModusLink-ChinaJiafu Li-ModusLink-ChinaJoe Li-ModusLink-ChinaKwains Li-ModusLink-ChinaLily Li-ModusLink-ChinaMickey Li-ModusLink-ChinaQin Li-ModusLink-ChinaAngie Lim-ModusLink-SingaporeEdward Little-Aerojet Rocketdyne-Sacramento, CAChaohui Liu-ModusLink-ChinaJonny Liu-ModusLink-ChinaLynette Liu-ModusLink-ChinaXuejiao Liu-ModusLink-ChinaYongli Liu-ModusLink-ChinaXiaoDong Liu-SLPE ShanghaiHelen Long-ModusLink-ChinaYit Lai Loo-ModusLink-SingaporeCynthia Garcia Lopez-ModusLink-USAGolden Lu-ModusLink-ChinaSissi Lu-ModusLink-ChinaXiao’e Lu-ModusLink-ChinaJan Lukas-ModusLink-Czech RepHardy Luo-ModusLink-ChinaJoyce Lv-ModusLink-ChinaStephen Lynch-ModusLink-IrelandRenxiu Ma-ModusLink-ChinaJiri Machacek-ModusLink-Czech RepChristopher Mader-OMG, Inc.Stephen Magill-Aerojet Rocketdyne-Sacramento, CAParmeswari Manikam-ModusLink-MalaysiaVladimir Marek-ModusLink-Czech RepMartin Marencak-ModusLink-Czech RepMatthew Markham-Lucas Milhaupt, Inc.Martin Marsak-ModusLink-Czech RepMark Martinez-SLPE VenturaMiroslav Masek-ModusLink-Czech RepDavid Mathe-Lucas Milhaupt, Inc.Brian Matos-ModusLink-USAPamela McCarthy-ModusLink-USAMichael McKay-Aerojet Rocketdyne-Redmond, WATodd McLeod-ModusLink-USAJessica Megna-Lucas Milhaupt, Inc.

HR HAPPENINGS


Lenka Mensikova-ModusLink-Czech RepMaryann Meola-HandyTube CorporationLuis Mercado-OMG, Inc.Stephen Mesko-Aerojet Rocketdyne-California-Home OfficeLoes Michels-Hidding-ModusLink-NetherlandsSarka Mikulaskova-ModusLink-Czech RepBrandon Miller-Aerojet Rocketdyne-Orange County, VADavid Milroy-UK EliteMatt Minchew-OMG, Inc.Yanhong Mo-ModusLink-ChinaBrandon Moody-ModusLink-USAJames Mueller-API Foils, Inc.Kunavarthy Muniandy-ModusLink-MalaysiaJiri Muric-ModusLink-Czech RepFrank Murphy-ModusLink-IrelandManiraajan Narayanasami-ModusLink-MalaysiaMarzena Neubert-ModusLink-NetherlandsLeighann Nguyen-Aerojet Rocketdyne-Sacramento, CADavid Nicell-ModusLink-IrelandMartina Niklick-ModusLink-Czech RepHeidi Niu-ModusLink-ChinaJulian Bedoya Nunez-SLPE MexicaliAmy O’Mahony-ModusLink-IrelandTimothy O’Mahony-ModusLink-IrelandMichael O’Neill-ModusLink-IrelandTyler O’Neill-ModusLink-USABarry O’Rourke-ModusLink-IrelandPaul O’Sullivan-ModusLink-IrelandDavid Ojeda-Aerojet Rocketdyne-Vernon, CAQiao Pan-ModusLink-ChinaPetra Parizkova-ModusLink-Czech RepKalyan Pediredla-ModusLink-USARoberto Perez-OMG, Inc.Eva Peslova-ModusLink-Czech RepTracy Petersen-Aerojet Rocketdyne-Sacramento, CAJohn Peterson-Aerojet Rocketdyne-Sacramento, CAEric Plouffe-Kasco SharptechDarina Pohlova-ModusLink-Czech RepVera Pohlova-ModusLink-Czech RepMarta Polaskova-ModusLink-Czech RepAdam Porter-Aerojet Rocketdyne-Sacramento, CAHana Pospisilova-ModusLink-Czech RepIvana Pospisilova-ModusLink-Czech RepLarry Powers-Aerojet Rocketdyne-Orange County, VALeah Prieto-ModusLink-USAMark Prince-API Holographics SalfordMaciek Prokopowicz-ModusLink-NetherlandsGerman Puente-ModusLink-USAJitka Puklova-ModusLink-Czech RepDean Purdie-API Foils, Inc.-LivingstonKunhua Qian-ModusLink-ChinaDongyan Qin-ModusLink-ChinaJayanthee Ramamurthy-ModusLink-MalaysiaUsharani Ramamurty-ModusLink-MalaysiaLisa Rankin-Aerojet Rocketdyne-Sacramento, CARyan Rapetti-Aerojet Rocketdyne-Sacramento, CAMarc Regelbrugge-Aerojet Rocketdyne-Sacramento, CAAllen Ren-ModusLink-ChinaKevin Reynolds-Aerojet Rocketdyne-Camden, ARBenjamin Richards-Aerojet Rocketdyne-Redmond, WAAnthony Ricken-ModusLink-IrelandJaroslava Rihova-ModusLink-Czech RepHernando Robinson-ModusLink-USARicardo Rodriguez-Lucas Milhaupt Warwick, LLCGerardo Miranda Rodriguez-SLPE MexicaliRandall Roux-Aerojet Rocketdyne-Sacramento, CAAlberto Ruiz-ModusLink-USASharifah Said-ModusLink-Malaysia

Stefan Sakitiuk-API Foils, Inc.-LivingstonYuichi Sakuma-ModusLink-JapanThurka Nanthini Saravanan-ModusLink-MalaysiaJoseph Scandariato-Aerojet Rocketdyne-Carlstadt, NJRobert Schaefer-ModusLink-USAJames Schemehorn-Lucas Milhaupt, Inc.Rene Schoeman-ModusLink-NetherlandsFrank Schreiber-Aerojet Rocketdyne-Sacramento, CAEric Jan Schuijt-ModusLink-NetherlandsDana Sedlakova-ModusLink-Czech RepSharon Shao-ModusLink-ChinaStuart Sharples-UK EliteSyamizey Shawal-ModusLink-MalaysiaTerry Shi-ModusLink-ChinaQingmei Shuai-ModusLink-ChinaKwai Lin Siew-ModusLink-SingaporePritpal Singh-Aerojet Rocketdyne-Orange County, VAPaul Smith-Kasco SharptechRobert Smith-ModusLink-IrelandDaryl Smith-SLPE VenturaMae Snoddy-JPS Composite Materials-SlaterMaureen Snyder-Aerojet Rocketdyne-Sacramento, CAFurong Song-ModusLink-ChinaJames Spears-Aerojet Rocketdyne-Camden, ARTrista Staggs-Aerojet Rocketdyne-Sacramento, CARadovan Stanicek-ModusLink-Czech RepSvatava Stankova-ModusLink-Czech RepThomas Stephens-Aerojet Rocketdyne-Carlstadt, NJSabrina Steward-Aerojet Rocketdyne-Camden, ARDennis Strange-ModusLink-USABen Stuart-UK EliteBrady Stubblefield-Aerojet Rocketdyne-Sacramento, CAIvana Studena-ModusLink-Czech RepHuan Su-ModusLink-ChinaS Valarkudy Subramaniam-ModusLink-MalaysiaSuleha Suleha-ModusLink-SingaporeYounnikkia Summers-JPS Composite Materials-StatesvilleSeline Sun-ModusLink-ChinaDanaletchu mi Supramaniam-ModusLink-MalaysiaGunaletchu mi Supramaniam-ModusLink-MalaysiaInge Susteren-ModusLink-NetherlandsIva Szkanderova-ModusLink-Czech RepJoyce Tan-ModusLink-SingaporeKwee Lian Tan-ModusLink-SingaporeWendy Tan-ModusLink-MalaysiaLi Tang-ModusLink-ChinaKaliamma Tannimalai-ModusLink-MalaysiaGeorge Taylor-UK EliteStanley Thompson-Aerojet Rocketdyne-Sacramento, CAAda Tian-ModusLink-ChinaKitty Tian-ModusLink-ChinaEric Tindal-JPS Composite Materials-AndersonSaurabh Tiwari-ModusLink-USAMarketa Tkacova-ModusLink-Czech RepMarlena Tomasko-ModusLink-NetherlandsRenata Travnickova-ModusLink-Czech RepLenka Trtilkova-ModusLink-Czech RepW Craig Turner-OMG, Inc.Wesley Turner-OMG, Inc.Viktor Valtr-ModusLink-Czech RepNaocha Vang-JPS Composite Materials-StatesvilleIveta Vasickova-ModusLink-Czech RepJorge Vazquez-Aerojet Rocketdyne-Sacramento, CAPuspavatey K.Veerapan-ModusLink-MalaysiaDamaris Vega-ModusLink-MexicoCarlos Manuel Encinas Verdugo-SLPE MexicaliDana Vesela-ModusLink-Czech RepP Shelton Virden-ModusLink-USA

Sarka Vitaskova-ModusLink-Czech RepJaroslav Vojtech-ModusLink-Czech RepPetr Vyrubal-ModusLink-Czech RepJohnette Walker-Aerojet Rocketdyne-Camden, ARGilligan Wang-ModusLink-ChinaJuan Wang-ModusLink-ChinaJunwen Wang-ModusLink-ChinaMeilan Wang-ModusLink-ChinaRichard Wang-ModusLink-ChinaRosanna Wang-ModusLink-ChinaXuemei Wang-ModusLink-ChinaGang Wang-SLPE ShanghaiJudy Washburn-Aerojet Rocketdyne-Sacramento, CAMateusz Waszkiewicz-ModusLink-NetherlandsDan Weatherby-UK EliteChatura Weliwitigoda-Aerojet Rocketdyne-Redmond, WAElisa Wen-ModusLink-ChinaEricka White-JPS Composite Materials-StatesvilleCharlie Wu-ModusLink-ChinaLingjuan Wu-ModusLink-ChinaMeihong Wu-ModusLink-ChinaZhaoqiu Wu-ModusLink-ChinaStacy Wyatt-Aerojet Rocketdyne-Gainesville, VAMichael Wymer-Aerojet Rocketdyne-Sacramento, CAPhoenix Xi-ModusLink-ChinaTracy Xiao-ModusLink-ChinaJane Xie-ModusLink-ChinaYolanda Xing-ModusLink-ChinaChanghao Xiong-ModusLink-ChinaBruce Xu-ModusLink-ChinaGuoquin Xu-ModusLink-ChinaYan Xu-ModusLink-ChinaCoco Yang-ModusLink-ChinaGloria Yang-ModusLink-ChinaLiying Yang-ModusLink-ChinaZhiqi Yang-ModusLink-ChinaDave Yates-API Holographics SalfordNicholas Ye-ModusLink-ChinaXiaoling Ye-ModusLink-ChinaKai Ngan Yeo-ModusLink-SingaporeEvrim Yilmaz-ModusLink-NetherlandsKitty Yu-ModusLink-ChinaFaridah Zakaria-ModusLink-MalaysiaKaterina Zborilova-ModusLink-Czech RepAllon Zeng-ModusLink-ChinaJianlan Zeng-ModusLink-ChinaCindy Zhang-ModusLink-ChinaEmma Zhang-ModusLink-ChinaFlora Zhang-ModusLink-ChinaGuohong Zhang-ModusLink-ChinaHaden Zhang-ModusLink-ChinaJenny Zhang-ModusLink-ChinaJianqiang Zhang-ModusLink-ChinaJianqiang Zhang-ModusLink-ChinaYu Zhang-ModusLink-ChinaAlvin Zhao-ModusLink-ChinaLanying Zhao-ModusLink-ChinaLaizhi Zhou-ModusLink-ChinaTerrence Zhou-ModusLink-ChinaAda Zhu-ModusLink-ChinaMin Zhu-ModusLink-ChinaVladimir Zilka-ModusLink-Czech RepAshley Zimmerman-ModusLink-USAJunlan Zou-ModusLink-ChinaPrzemek Zygula-ModusLink-Netherlands


Name Position Location Ann Abbey Product Manager OMG, Inc.Mohd Saiful Abdul Store Assistant ModusLink-MalaysiaTony Abernathy Sun-Derrick Hand SunWell ServicesJeffrey Abney Training Administrator Kasco SharpTech CorporationNorman Acevedo Coating/Lam RAH API Foils, Inc. William Adams D7R Office Salaried Kasco SharpTech CorporationFrederick Adams Machine Operator Lucas-Milhaupt Warwick, LLCAlexander Addison Program Assistant Global Indoor Sports LLCMonica Aguilar Machine Operator Lucas-Milhaupt Warwick, LLCMichael Alexander Program Assistant Global Indoor Sports LLCMichael Alexis Program Assistant Global Indoor Sports LLCAlfred Allison Packer JPS Composite Materials - StatesvilleDaniel Almanza Field Service Technician I Kasco SharpTech CorporationKenia Almeida Production SLPE MexicaliRobert Almer Sales Management API Foils, Inc. Jakub Ambrozek Operator ModusLink-Czech RepMoon An Accountant ModusLink-ChinaAustin Anderson Contact Ctr Agent 2 ModusLink-USAJuan Angeles New Product Intro Coordinator ModusLink-MexicoMichael Anthony Derrick Hand Black Hawk Energy Services LtdFrancisco Antillon Floor hand Black Hawk Energy Services LtdJeffrey Antinoro Assistant Coach Baseball HeavenAlberto Montiel Arenas Derrick Hand Black Hawk Energy Services LtdObdulia Arreguin Line Leader Production ModusLink-USAJose Ulloa Arteaga Derrick Hand Black Hawk Energy Services LtdMuniswaran Arumugam Production Operator ModusLink-MalaysiaMelanie Ashby Contact Ctr Agent 2 ModusLink-USAPetr Babacek Operator ModusLink-Czech RepRichard Bailey Metallurgist OMG, Inc.Simon Baines Program Assistant Global Indoor Sports LLCMichaela Bajer Supv, Warehouse ModusLink-NetherlandsJoseph Baker Machine Operator Lucas-Milhaupt Warwick, LLCAustin Baker Contact Ctr Agent 2 ModusLink-USATyler Ball Mixing LAW API Foils, Inc. Carl Ballard Operator 1422 HandyTube CorporationPiotr Balut Line Leader Production ModusLink-NetherlandsJoseph Banks Field Service Technician I Kasco SharpTech CorporationJoao Barata RUV Outside Services UK Elite Soccer Inc.Marcos Hernandez Baray Derrick Hand Black Hawk Energy Services LtdLucino Barba Lead Accountant ModusLink-MexicoDavid Barker Field Service Rep III Kasco SharpTech CorporationJames Barnes Program Assistant Global Indoor Sports LLCJohn Barnett Breakroom Deliveries WebBankPatricia Barnwell Assembler OMG, Inc.Sergio Barreros MC-Toolmaker Micro Tube FabricatorsJack Basich Jr Assistant Coach Baseball HeavenWilliam Baskervill Business Financial Analyst ModusLink-USAXavier Bastidas Lead Bid Mgmt & Cost Engineering ModusLink-USABarry Beattie Program Assistant Global Indoor Sports LLCDanyel Bell Local Finance API Foils, Inc. Deepkumar Bhatt Office Salaried UK Elite Soccer Inc.Amanda Bilas Office Salaried UK Elite Soccer Inc.Petra Bilkova Invoicing Specialist ModusLink-Czech RepJessica Binnie Apprentice Administrator API Foils, Inc. -LivingstonStephen Bird Program Assistant Global Indoor Sports LLCGeorge Bish Program Assistant Global Indoor Sports LLCTrevor Bishop Field Sales Rep OMG, Inc.Eric Blessing Operator 1425 HandyTube CorporationJohn Blom Maintenance Seasonal Baseball HeavenGrzegorz Bobrowski Machine Operator API Foils, Inc. -PolandCatherine Bones 1099 Torrance Strength & Conditioning

Name Position Location Nicholas Borsodi Front Desk Torrance Strength & ConditioningColin Boyd Interim Suplpy Chain Manager API Foils, Inc. -LivingstonDakota Brantley Process Engineer JPS Composite Materials - StatesvilleMatthew Brewer Program Assistant Global Indoor Sports LLCJim Briley Field Service Representative Kasco SharpTech CorporationLawrence Britt Operator 1421 HandyTube CorporationJoseph Brittain Straightener Operator HandyTube CorporationMerredith Brittain IT Compliance Specialist ModusLink-USATiffany Brown Intern Kasco SharpTech CorporationDustyn Brown Field Sales Rep OMG, Inc.Michael Browning Program Assistant Global Indoor Sports LLCJunalee Browning Supv, Production-I ModusLink-USAMatthew Bruninghaus Office Salaried UK Elite Soccer Inc.Michal Bucek Operator ModusLink-Czech RepPreston Buckley Contact Ctr Agent 2 ModusLink-USALaura Bueno Contact Ctr Agent 2 ModusLink-USADustin Burgess Sun-Relief Operator SunWell ServicesMatthew Burgoyne Accounting Manager Lucas-Milhaupt, Inc. Hana Bustikova Accountant ModusLink-Czech RepWilliam Bustin Shipping Clerk API Foils, Inc. -LivingstonDavid Butler RPS Mechanic Rogue Pressure Services, Ltd. Glen Butler Program Assistant Global Indoor Sports LLCErdenesaik Byamba Fork Truck Driver ModusLink-Czech RepLee Byford Program Assistant Global Indoor Sports LLCCesar Calvo Rig Hand SunWell ServicesIlse Camacho Team Ldr Production-D ModusLink-USAAden Campbell Program Assistant Global Indoor Sports LLCMatthew Campbell RUV Outside Services UK Elite Soccer Inc.Carlo Cannone Assistant Coach Baseball HeavenBarbara Capps Weaver JPS Composite Materials - SlaterJose Carmona Floor hand Black Hawk Energy Services LtdRobert Carroll RUV Outside Services UK Elite Soccer Inc.Jose Gusman Casas Sun-Rig Hand SunWell ServicesJordan Casey Field Sales Rep OMG, Inc.Christopher Casey Mgr, Benefits ModusLink-USAAntonio Castillo Operator Black Hawk Energy Services LtdCesar Lira Castro Programming Assistant SLPE MexicaliJoram Cavone Contact Ctr Agent ModusLink-NetherlandsMichelle Chan Warehouse Coordinator ModusLink-TaiwanArmando Chavez Sun-Rig Hand SunWell ServicesCaihong Chen Production Operator ModusLink-ChinaCassie Chen Document Control Analyst ModusLink-ChinaHongyu Chen Production Operator ModusLink-ChinaLei Chen Material Handler ModusLink-ChinaQian Chen Production Operator ModusLink-ChinaSarah Chen Office Administrator ModusLink-ChinaShurong Chen Production Operator ModusLink-ChinaTian Chen Material Handler ModusLink-ChinaTing Chen Accountant ModusLink-ChinaXiaojun Chen Production Operator ModusLink-ChinaXing Chen Production Operator ModusLink-ChinaYanjun Chen Office Administrator ModusLink-ChinaChen Cheng Production Operator ModusLink-ChinaJana Chrastinova Material Planner ModusLink-Czech RepYvonne Chu Marketing Coordinator Kasco SharpTech CorporationRandi-Brynn Cicalo RUV Outside Services UK Elite Soccer Inc.Karen Clancy Paralegal ModusLink-USAChase Cloyd Contact Ctr Agent 2 ModusLink-USAClaudia Coco Contact Ctr Agent 2 ModusLink-USALisa Cogar MFG Services Manager JPS Composite Materials - StatesvilleCarol Cong Accountant ModusLink-China

HR HAPPENINGS

New HiresA warm welcome to the following new employees of Steel Partners Holdings L.P. and its affiliated companies. Name Position Location

Kathleen Conlan Executive Assistant ModusLink-USAManuel Contreras Operator Black Hawk Energy Services LtdVirgilio Contreras Floor hand Black Hawk Energy Services LtdJuan Contreras Operator Black Hawk Energy Services LtdKerri-Anne Coombs Program Assistant Global Indoor Sports LLCDerek Cossette Field Sales Rep OMG, Inc.Bryce Cullinan Rig Hand SunWell ServicesRobert Dallas Office Salaried UK Elite Soccer Inc.Stephanie Dalton Human Resources Director Kasco SharpTech CorporationStephen Daniels Program Assistant Global Indoor Sports LLCRichard Dark Machine Operator OMG, Inc.Frank Davila Brake WP HickmanMichael Davis Lean Coordinator Indiana Tube CorpRicardo Lorga de Andrade Contact Ctr Agent ModusLink-NetherlandsChristopher DeBrock Field Service Representative Kasco SharpTech CorporationKathy DeBuck Contact Ctr Agent 2 ModusLink-USADavid DeConto Office Salaried UK Elite Soccer Inc.Sharon Delaney Customer Services Representative API Foils, Inc. Juan Delgado New Product Intro Coordinator ModusLink-MexicoMichael DeSantis Assistant Coach Baseball HeavenKatrina Dias HR Assistant MTE Corp.Nick DiNapoli Office Salaried UK Elite Soccer Inc.Chris Ding Business Systems Analyst ModusLink-ChinaQin Ding Production Operator ModusLink-ChinaIveta Dohnalkova Operator ModusLink-Czech RepLhamo Dolma AX Specialist Lucas Milhaupt, Inc.Shawn Domson Relief Operator Black Hawk Energy Services LtdMiranda Donovan Contact Ctr Agent 2 ModusLink-USADavid Downey 1099 Torrance Strength & ConditioningGabrielle Doyon Lean Engineer HandyTube CorporationSpencer Drennan Contact Ctr Agent 2 ModusLink-USAMiroslava Droppova New Product Intro Coordinator ModusLink-Czech RepMay Du Sr Buyer ModusLink-ChinaXin Du Material Handler ModusLink-ChinaAaron Duckmanton Program Assistant Global Indoor Sports LLCMalgo Dudkiewicz Contact Ctr Agent ModusLink-NetherlandsMelissa Duffty Junior Buyer Planner SL Montevideo Technology, Inc.Marketa Dufkova Buyer ModusLink-Czech RepTina Duncan Design Engineer WP HickmanJonathan Durgin Rig Hand SunWell ServicesSon Ha Duy Operator ModusLink-Czech RepRobert Dyer Assistant Coach Baseball HeavenLaura Elmer Packing Operator OMG, Inc.Mohamed Elshazly RUV Outside Services UK Elite Soccer Inc.Gail Erickson Senior Accountant SL Montevideo Technology, Inc.Gonzalez Erik Derrick Hand Black Hawk Energy Services LtdChristian T.A. Evans QA Intern Lucas-Milhaupt, Inc. John Richard Anthony Evans Operator 1101 HandyTube CorporationTycee Evans RPS Admin Asst Rogue Pressure Services, Ltd. Andrew Evans Field Service Representative Kasco SharpTech CorporationSusan Ivey Evans Dir, Logistics ModusLink-Czech RepYing Fang Accountant ModusLink-ChinaNichole Farber Softball Instructor Baseball HeavenElla Feng Accountant ModusLink-ChinaEmily Feng Accountant ModusLink-ChinaDavid Fernandez Floor hand Black Hawk Energy Services LtdChristopher Fiegel Assistant Coach Baseball HeavenJessica Figueroa Packer Lucas-Milhaupt Warwick, LLCChristopher Fitzgerald Product Dev Engineer OMG, Inc.Marie Fitzkova Operator ModusLink-Czech RepAlena Dobrovolna Florianova Operator ModusLink-Czech RepJawaan Flythe Straightener Operator HandyTube Corporation

Name Position Location Thorsten Folkerts Sales Manager EMEA SLPE GermanyKenneth Ford Operator 1425 HandyTube CorporationWilliam Foster Plant Engineer III JPS Composite Materials - SlaterSharon Franzetta Mgr, Freight as a Service/TMS ModusLink-USALucas Frazier Finishing LAW API Foils, Inc. Michal Fryt Transport Planner ModusLink-NetherlandsQiang Fu Material Handler ModusLink-ChinaCristina Gafton Contact Ctr Agent ModusLink-NetherlandsMichael Gagliardi Assistant Coach Baseball HeavenMatej Gajdosech Operator ModusLink-Czech RepHaiyan Gao Production Operator ModusLink-ChinaEvgenia Garcelon Financial Analyst ModusLink-USAIsidro Garcia Rig Hand SunWell ServicesRamiro Juarez Garcia Derrick Hand Black Hawk Energy Services LtdJose Garcia Logistics Analyst ModusLink-MexicoNestor Garcia Accounts Receivable Accountant ModusLink-MexicoMichael Gardner Business Systems Manager SPH Services, IncMegan Ge China Controller SLPE XiangheHoward Gentry Mgr, Operations ModusLink-USAHenk Gho Contact Ctr Agent ModusLink-NetherlandsTom Gillespie Interim Cell Manager API Foils, Inc. -LivingstonMark Gillott Office Salaried UK Elite Soccer Inc.Jesus Gomez Derrick Hand SunWell ServicesKristyna Gondova Operator ModusLink-Czech RepJin Gong Material Handler ModusLink-ChinaWilfredo Rodriguez Gonzalez Coating Operator OMG, Inc.Morgan Gozalzadeh RUV Outside Services UK Elite Soccer Inc.Kiel Graves Contact Ctr Agent 2 ModusLink-USANicholas Green Intern Kasco SharpTech CorporationChangying Gu Production Operator ModusLink-ChinaHelen Gu Planning Analyst ModusLink-ChinaPaul Gu Supv, Production-I ModusLink-ChinaAlessandro Guarino Project Mgr ModusLink-ChinaSabino Guevara Tool Hand Black Hawk Energy Services LtdJuan Zuluaga Gutierrez Sun-Operator SunWell ServicesDaniel Guzman Derrick Hand Black Hawk Energy Services LtdIgnacio Guzman Machine Operator Lucas-Milhaupt Warwick, LLCStephen Guzman Manufacturing Engineer OMG, Inc.Charlie Hafner Assistant Coach Baseball HeavenKai Han Production Operator ModusLink-ChinaDominik Hanacek Operator ModusLink-Czech RepBuddy Haney Pusher Black Hawk Energy Services LtdMatthew Haney Field Service Rep III Kasco SharpTech CorporationLenka Hanisova Operator ModusLink-Czech RepAmy Hansen Contact Ctr Agent 2 ModusLink-USACain Hanson Sun-Operator SunWell ServicesKelsey Hardy Compliance Manager WebBankJake Harris Contact Ctr Agent 2 ModusLink-USAKeith Hastings Field Service Rep III Kasco SharpTech CorporationChunhua He Production Operator ModusLink-ChinaJackson Healey Contact Ctr Agent 2 ModusLink-USADerek Healy Chef SP General Services, LLCWade Hensley Rig Hand SunWell ServicesPeter Herkowski Inside Sales Rep Lucas-Milhaupt, Inc. Jose Herrera Floor hand Black Hawk Energy Services LtdVictor Herrera Accountant ModusLink-MexicoChristopher Heslin Assistant Coach Baseball HeavenDaniel Hess Parts Runner SunWell ServicesMegan Hessil Cell Member C Lucas-Milhaupt, Inc. Paul Heynen Inventory Control Analyst ModusLink-NetherlandsRaheem Hicks Security Baseball Heaven

New Hires continued

HR HAPPENINGS


New Hires continued

Name Position Location Micahel Higley Assistant Coach Baseball HeavenMark Hill SL Degreaser Operator HandyTube CorporationRichard Holinga Financial Analyst ModusLink-Czech RepKristen Holland RUV Outside Services UK Elite Soccer Inc.Leroy Horstman Account Administrator ModusLink-NetherlandsDanny Hou Supplier Quality Analyst ModusLink-ChinaJaroslav Hrubos Operator ModusLink-Czech RepSaral Hu Accountant ModusLink-ChinaSure Hu Accountant ModusLink-ChinaAmanda Huang Business Analyst ModusLink-ChinaCui Huang Production Operator ModusLink-ChinaKun Huang Material Handler ModusLink-ChinaLydia Huang Client Mgmt Specialist ModusLink-ChinaNianfeng Huang Production Operator ModusLink-ChinaXuelan Huang Production Operator ModusLink-ChinaYishion Huang Accountant ModusLink-ChinaViera Janovcova Hudeckova Client Mgmt Specialist ModusLink-Czech RepBryce Hudman Field Sales Rep OMG, Inc.Raymond Huggett Mgr, Revenue Recognition ModusLink-USAScott Hunter Program Assistant Global Indoor Sports LLCHoward Hunter Doffer/Weft Servicer JPS Composite Materials - StatesvilleThomas Hynes Assistant Coach Baseball HeavenDemetrius Ingram SL Degreaser Operator HandyTube CorporationRoskhairini Ismail Store Assistant ModusLink-MalaysiaEthan Jackson Relief Operator SunWell ServicesJakob Jackson Sun-Rig Hand SunWell ServicesRobert Jackson Shipping/Receiving Clerk Kasco SharpTech CorporationJoshua Jacobs Supervisor Black Hawk Energy Services LtdTimothy Jacobs Field Service Rep III Kasco SharpTech CorporationKari Jaeger 1099 Torrance Strength & ConditioningJacob Janetski Cell Member C Lucas-Milhaupt, Inc. Eliska Janovska Payroll Clerk ModusLink-Czech RepSilvano Jaramillo Carmelizer Operator/Utility JPS Composite Materials - StatesvilleBakiavathi Jayabalan Production Operator ModusLink-MalaysiaTravis Jenkins Buyer I Kasco SharpTech CorporationAnthony Jensen Derrick Hand SunWell ServicesVeronika Jezkova Operator ModusLink-Czech RepDulce Salazar Jimenez Team Ldr Production-D ModusLink-USALisa Johnson Cell Member C Lucas-Milhaupt, Inc. Venus Jones Sales Service Representative Kasco SharpTech CorporationLloyd Jones Field Service Technician I Kasco SharpTech CorporationYannick Jones Contact Ctr Agent 2 ModusLink-USATyson Jung Rig Hand SunWell ServicesMichael Kadlec Operator ModusLink-Czech RepCarmen Kalenborn Credit & Collection Agent ModusLink-NetherlandsPan Kang Production Operator ModusLink-ChinaJing Kang Production SLPE XianghePetra Kavicka Human Resc Specialist ModusLink-Czech RepCoco Ke Category Specialist ModusLink-ChinaJohn Keaney Office Salaried UK Elite Soccer Inc.Andrea Kellnerova Process Engineer ModusLink-Czech RepRod Kemp Coating/Lam LAW API Foils, Inc. Courtney Kenmir Contact Ctr Agent 2 ModusLink-USAJustin Keough Customer Service Rep Lucas-Milhaupt, Inc. James Kettle Contact Ctr Agent 2 ModusLink-USAAdam Kilroy Machine Operator Lucas-Milhaupt Warwick, LLCRobert Kirkpatrick IT Local API Foils, Inc. Michael Kitchen UK Sales & Distribution Manager API Foils, Inc. Brian Kocsis Field Sales Rep OMG, Inc.Gregory Kollar Field Sales Rep OMG, Inc.Ivana Konicerova Operator ModusLink-Czech RepJulius Kos Fork Truck Driver ModusLink-Czech Rep

Name Position Location Steven Koshere Env/Health/Safety Mgr Lucas-Milhaupt, Inc. Ales Koutny Operator ModusLink-Czech RepKatarzyna Kozinska Country Manager Poland API Foils, Inc. -PolandVeronika Krcova Invoicing Specialist ModusLink-Czech RepBarbara Kret Lead Operator ModusLink-NetherlandsSara Krish EUJ 1099 Torrance Strength & ConditioningPetra Krocilova Operator ModusLink-Czech RepKaterina Krystofova Operator ModusLink-Czech RepBin Kuang Production Operator ModusLink-ChinaLukas Kufa Operator ModusLink-Czech RepLucie Kulendikova Operator ModusLink-Czech RepPiotr Kupczak Line Leader Production ModusLink-NetherlandsJan Kyr Fork Truck Driver ModusLink-Czech RepNataliya Kyrova Fork Truck Driver ModusLink-Czech RepStoick Lance Sun-Rig Hand SunWell ServicesPaul Land Program Assistant Global Indoor Sports LLCAndrew Larson Derrick Hand SunWell ServicesMark Larson VP SP Information Security WebBankJames Lawlor Contact Ctr Agent 2 ModusLink-USAHerbert Lawrence Jr. Coating Operator OMG, Inc.Linfei Lei Production Operator ModusLink-ChinaKathleen Lemmon Contact Ctr Agent 2 ModusLink-USADavid Lentz Finishing LAW API Foils, Inc. Tyler Lerom Operator SunWell ServicesTaylor Levin Field Sales Rep OMG, Inc.Artur Lewandowski Machine Operator API Foils, Inc. -PolandCathy Li Mgr, Purchasing ModusLink-ChinaChanglin Li Production Operator ModusLink-ChinaChangying Li Production Operator ModusLink-ChinaGrace Li Client Mgmt Specialist ModusLink-ChinaJingang Li Production Operator ModusLink-ChinaJingxian Li Production Operator ModusLink-ChinaJingzhi Li Production Operator ModusLink-ChinaKelly Li Buyer/Planner (Global) ModusLink-ChinaLinn Li Accountant ModusLink-ChinaXiaoli Li Production Operator ModusLink-ChinaYouping Li Production Operator ModusLink-ChinaShudong Li Senior Process Engineer SLPE XiangheHaiyan Li Production SLPE XiangheHongying Li Production SLPE XiangheJing Li Production SLPE XiangheJiale Liang Quality Inspector-I ModusLink-ChinaSean Liang Mgr, Operations ModusLink-ChinaTang Hoay Liang Rapid Response Analyst ModusLink-MalaysiaMandy Liao Sr Buyer/Planner (Global) ModusLink-ChinaAi Kee Lim Client Mgmt Specialist ModusLink-MalaysiaJohn Lindblom Senior Mechanical Engineer SL Montevideo Technology, Inc.Edward Linn Purchasing Intern Lucas-Milhaupt, Inc. Paul Linton Engineering Manager WP HickmanAlejandro Lira Pump Hand Black Hawk Energy Services LtdBecactus Liu Accountant ModusLink-ChinaBennie Liu Supv, Document Control ModusLink-ChinaCarey Liu Accountant ModusLink-ChinaFang Liu Production Operator ModusLink-ChinaFeiyue Liu Production Operator ModusLink-ChinaFuqiang Liu Material Handler ModusLink-ChinaHongling Liu Production Operator ModusLink-ChinaJason Liu New Product Intro Specialist ModusLink-ChinaJessie Liu Accountant ModusLink-ChinaJie Liu Material Handler ModusLink-ChinaNa Liu Production Operator ModusLink-ChinaRita Liu Buyer/Planner (Global) ModusLink-China

HR HAPPENINGS

Name Position Location Shuang Liu Production Operator ModusLink-ChinaYilong Liu Material Handler ModusLink-ChinaYulan Liu Production Operator ModusLink-ChinaSusan Long Sr. Accountant HandyTube CorporationJose Lopez Floor hand Black Hawk Energy Services LtdVictor Lopez Floor hand Black Hawk Energy Services LtdAngelika Lorincova Operator ModusLink-Czech RepCharles Lovegrove SL Degreaser Operator HandyTube CorporationNathan Lucynski 1099 Torrance Strength & ConditioningShawn Luesse Purchasing Manager Kasco SharpTech CorporationEdgar Luna Floor hand Black Hawk Energy Services LtdMarie Lunerova Material Planner ModusLink-Czech RepBin Luo Material Handler ModusLink-ChinaCrystal Luo Buyer/Planner (Global) ModusLink-ChinaLieping Luo Production Operator ModusLink-ChinaFenglei Ma Material Handler ModusLink-ChinaWendy Ma Accountant ModusLink-ChinaJing Ma Production SLPE XiangheJana Macakova Operator ModusLink-Czech RepTomas Macek Fork Truck Driver ModusLink-Czech RepMarek Machovic Material Handler ModusLink-Czech RepRuud Maessen Planner ModusLink-NetherlandsMiriam Magallanes Buyer/Planner (Regional) ModusLink-MexicoLily Mai Client Mgmt Specialist ModusLink-ChinaMark Mansfield ERP Analyst API Foils, Inc. -UKMegan Mara Operations Coordinator ModusLink-USAIan Marchant Vice President of Global Operations API Foils, Inc. -UKTiziana Marchesini Account Administrator ModusLink-NetherlandsKellly Marino Dispatch Supervisor Kasco SharpTech CorporationPhilip Marino Assistant Coach Baseball HeavenMyron Marrow Cell Member C Lucas-Milhaupt, Inc. John Marshall Shipper Lucas-Milhaupt Warwick, LLCStuart Marshall Program Assistant Global Indoor Sports LLCDennis Marte Assistant Coach Baseball HeavenLance Martin VP Enterprise Risk WebBankRamon Martin Sr Sun-Operator SunWell ServicesRachel Martinez Quality Assurance Coordinator ModusLink-USAAndres Martinez Jr Operator Black Hawk Energy Services LtdLawrence Martino Assistant Coach Baseball HeavenOscar Martyn RUV Outside Services UK Elite Soccer Inc.Robert Marx VP Compliance WebBankFatima Masserdotti Contact Ctr Agent ModusLink-NetherlandsRadka Matulova IT Project Mgr ModusLink-Czech RepMelanie Mayer Contact Ctr Agent ModusLink-NetherlandsClinton McAnulty IT Local API Foils, Inc. Christopher McCall Program Assistant Global Indoor Sports LLCRebecca McClurg Envir, Health & Safety Manager HandyTube CorporationKeith McCready Program Assistant Global Indoor Sports LLCMichael McDonald Contact Ctr Agent 2 ModusLink-USAJohn McGee Brake WP HickmanBrian McKeever Derrick Hand Black Hawk Energy Services LtdRyan McMunn IT Project Mgr ModusLink-Czech RepSean McMurray Maintenance Seasonal Baseball HeavenJuan Mendoza Transportation Analyst ModusLink-MexicoChao Meng Production Operator ModusLink-ChinaJulian Menk Field Sales Rep OMG, Inc.Kevin Merritt Field Sales Rep OMG, Inc.Lucia Meszarosova Accountant ModusLink-Czech RepBryan Metzger Field Service Technician I Kasco SharpTech CorporationClinton Michaels Field Service Rep III Kasco SharpTech CorporationAndrea Mikyskova Operator ModusLink-Czech RepJames Miller Rig Hand SunWell Services

Name Position Location Matthew Miller Metalizing LAW API Foils, Inc. Martin Milone Coach Baseball HeavenDavid Milroy Program Assistant Global Indoor Sports LLCCarrie Min Client Mgmt Specialist ModusLink-ChinaNatasha Mironov 1099 Torrance Strength & ConditioningMartin Montano Relief Operator Black Hawk Energy Services LtdGina Montefusco Packing Operator OMG, Inc.Christy Montes Team Ldr Production-D ModusLink-USACameron Moon Contact Ctr Agent 2 ModusLink-USAStephen Moore 1st & 2nd Line Support Analyst API Foils, Inc. -UKNatasha Moore Contact Ctr Agent ModusLink-NetherlandsDaniel Morales Team Ldr Inventory ModusLink-USAClaudiu Morau Office Salaried UK Elite Soccer Inc.Edward Morcombe Logistics Team Leader API Foils, Inc. -LivingstonMargaret Morley Interim Customer Services Representative API Foils, Inc. James Morris Office Salaried UK Elite Soccer Inc.Matthew Morris Program Manager WebBankCooper Morrison RUV Outside Services UK Elite Soccer Inc.Julie Morrissey D7R Office Salaried Kasco SharpTech CorporationMichael Motta General Manager CrossFit SouthbayHeath Mottram Machine Operator Lucas-Milhaupt Warwick, LLCCarlos Munoz Derrick Hand Black Hawk Energy Services LtdMichael Murdock Facilities Technician OMG, Inc.Kim Muszynski Customer Service Rep Lucas-Milhaupt, Inc. Susila Narayanasamy Production Operator ModusLink-MalaysiaChristian Nardone Field Coordinator Baseball HeavenBrendon Neal Coating/Lam LAW API Foils, Inc. Ctibor Necas Fork Truck Driver ModusLink-Czech RepZuzana Nesporova Production Planner ModusLink-Czech RepAdam Neuwirth Fork Truck Driver ModusLink-Czech RepHeather New Client Management Rep ModusLink-USAKari Newstead Account Administrator ModusLink-NetherlandsHuy Long Nguyen New Product Intro Coordinator ModusLink-Czech RepVan Hung Nguyen Operator ModusLink-Czech RepQiuying Niu Production Operator ModusLink-ChinaOlivia Noli Contact Ctr Agent 2 ModusLink-USAPetr Novak Process Engineer ModusLink-Czech RepAdriana Nuño New Product Intro Coordinator ModusLink-MexicoLukas Nyvlt Operator ModusLink-Czech RepTara O’Brien Office Salaried UK Elite Soccer Inc.David Obeng-Darko Office Salaried UK Elite Soccer Inc.Maria Ocegueda Buyer/Planner (Regional) ModusLink-MexicoMiriam Olivares Buyer/Planner (Regional) ModusLink-MexicoMarketa Ondrova Operator ModusLink-Czech RepMark Opperman Shear WP HickmanDaniel Oprisch Field Sales Rep OMG, Inc.Louis Orologio Assistant Coach Baseball HeavenAlejandro Ortiz Derrick Hand Black Hawk Energy Services LtdMichael Osete Derrick Hand SunWell ServicesJinbiao Ou Material Handler ModusLink-ChinaElliott Outten Holcroft Operator HandyTube CorporationFilip Pacak Distribution Specialist ModusLink-Czech RepKristina Paguyo 1099 Torrance Strength & ConditioningCorey Pallireto Derrick Hand Black Hawk Energy Services LtdCallum Palmer Accounts Payable Administrator API Foils, Inc. -UKFrank Pan Buyer/Planner ModusLink-ChinaXinxin Pan Production Operator ModusLink-ChinaEden Parkinson Contact Ctr Agent 2 ModusLink-USAAlfredo Parra Accountant ModusLink-MexicoSummer Patterson Operations Coordinator ModusLink-USASteven Payne Contact Ctr Agent 2 ModusLink-USAAaron Peck Machine Operator OMG, Inc.

New Hires continued

HR HAPPENINGS


New Hires continued

Name Position Location Martin Pelisek Operator ModusLink-Czech RepYongzhi Peng Production Operator ModusLink-ChinaZemei Peng Production Operator ModusLink-ChinaMiguel Perez Perez Relief Operator Black Hawk Energy Services LtdNevily Aular Perez Contact Ctr Agent ModusLink-NetherlandsJames Petersen Credit Policy Manager WebBankJeffrey Peterson Proc-Rev-Safety Coordinator Black Hawk Energy Services LtdDarcie Peterson Contact Ctr Agent 2 ModusLink-USAJohn Pierce QA Engineer Indiana Tube CorpCarlos Pinnace Office Salaried UK Elite Soccer Inc.Jarmila Pistkova Accountant ModusLink-Czech RepCesar Pizano Mgr, Supply Chain ModusLink-MexicoScott Poettker Management LAW API Foils, Inc. Anna Pokorna Accountant ModusLink-Czech RepHana Polanska Operator ModusLink-Czech RepCaleigh Pope RUV Outside Services UK Elite Soccer Inc.Justin Porch Shipping WP HickmanMarcos Porras Derrick Hand SunWell ServicesNathan Porter Territory Coordinator OMG, Inc.Amanda Powers LUC-Env/Health/Safety Mgr Lucas-Milhaupt Warwick, LLCLamar Putney Derrick Hand Black Hawk Energy Services LtdMeimei Qian Inventory Clerk-I ModusLink-ChinaJoe Qiao Solution Design Consultant ModusLink-SingaporeCui Qin Production Operator ModusLink-ChinaAmy Qiu Warehouse Coordinator ModusLink-TaiwanMingqing Qu Accountant ModusLink-ChinaSherry Que Buyer ModusLink-ChinaSean Quinn Office Salaried UK Elite Soccer Inc.Naiyiris Quiroz EUJ 1099 Torrance Strength & ConditioningLuis Ramirez Manufacturing Engineer SL Montevideo Technology, Inc.Ylse Ramos Buyer/Planner (Regional) ModusLink-MexicoJinhong Ran Material Handler ModusLink-ChinaDaniel Reardon Accountant ModusLink-USAMarleen Reinders Marketing & Sales Supp Analyst ModusLink-NetherlandsCesar Reyes Mgr, Human Resc ModusLink-MexicoKyle Rice Rig Hand SunWell ServicesJonathan Richards Operator 1425 HandyTube CorporationRobin Richter Fork Truck Driver ModusLink-Czech RepTimothy Ritch Turret WP HickmanJohn Rizzo Assistant Coach Baseball HeavenJohnny Roark Loom Maintenance Tech JPS Composite Materials - StatesvilleJuan Santiago Robles Floor hand Black Hawk Energy Services LtdAlexander Rodriguez Machine Operator OMG, Inc.Pablo Rodriguez Jr Operator Black Hawk Energy Services LtdJustin Rogers Range Operator JPS Composite Materials - SlaterJavier Romero-Martinez Derrick Hand Black Hawk Energy Services LtdVivian Rong Transportation Accounting Spec ModusLink-ChinaKyle Root Relief Operator SunWell ServicesGustavo Rosas New Product Intro Coordinator ModusLink-MexicoLuckasz Rozinski Line Leader Production ModusLink-NetherlandsJan Rozkos Fork Truck Driver ModusLink-Czech RepDeivi Rueda Floor hand Black Hawk Energy Services LtdSashakayla Ruemmele Packing Operator OMG, Inc.Francisco Ruiz Rig Hand SunWell ServicesDeena Russo EUJ 1099 Torrance Strength & ConditioningDavid Sabbagh Accountant ModusLink-USARoberto Sahagun New Product Intro Coordinator ModusLink-MexicoRobert Salvati Assistant Coach Baseball HeavenSanaya Sam Machine Operator Lucas-Milhaupt Warwick, LLCDaniel Samano Sun-Operator SunWell ServicesKlaudia Samkova Operator ModusLink-Czech RepAlexander Sanchez Operator 1103 HandyTube CorporationYoandy Sanchez Field Service Technician I Kasco SharpTech Corporation

Name Position Location Jennyffer Uribe Sanchez Cost Accountant SLPE MexicaliMoises Santana Sun-Rig Hand SunWell ServicesLuis Santiago Machine Operator OMG, Inc.Barry Sawyer Contact Ctr Agent 2 ModusLink-USAWilliam Scannell Credit Manager Lucas-Milhaupt, Inc. Ngan Mei Schein Rapid Response Analyst ModusLink-MalaysiaChristi Schmidt Business Systems Analyst Lucas-Milhaupt, Inc. Karen Schreck Local HR API Foils, Inc. Jana Schrimpel Operator ModusLink-Czech RepManuel Schuch Assistant Coach Baseball HeavenRichard Scott Office Salaried UK Elite Soccer Inc.Katerina Sebelova Operator ModusLink-Czech RepPetr Sebrle Proj Mgr, Bid Mgmt & Cost Eng’g ModusLink-Czech RepPetr Sedlacek Process Engineer ModusLink-Czech RepKaitlyn Seeberger Contact Ctr Agent 2 ModusLink-USAScott Seifert Operations Manager Steel Energy Services LtdMonika Senkova Operator ModusLink-Czech RepAbhilash Shah Electro/Mechanical Engineer SL Montevideo Technology, Inc.Scott Shannon Sun-Relief Operator SunWell ServicesStuart Sharples Program Assistant Global Indoor Sports LLCScott Shattun Shop Hand SunWell ServicesLiujie Shen Supv, Warehouse ModusLink-ChinaSusan Sheng Commodity Mgr ModusLink-ChinaShengguan Shi Production Operator ModusLink-ChinaWilliam Shirk Maintenance Technician ModusLink-USAJustin Shoulders SUN-Derrick Hand SunWell ServicesMiroslava Silerova Operator ModusLink-Czech RepJason Silva Operator Black Hawk Energy Services LtdMichel Silva Dir, Business Group ModusLink-NetherlandsShaun Sim Operator Black Hawk Energy Services LtdHattie Simmons Client Management Rep ModusLink-USAMartin Simonik Operator ModusLink-Czech RepMarek Siroky Buyer ModusLink-Czech RepBryce Skankey Contact Ctr Agent 2 ModusLink-USAMichaela Smetanova Operator ModusLink-Czech RepRuzena Smidova Operator ModusLink-Czech RepVirginia Smith EUJ 1099 Torrance Strength & ConditioningJoseph Smith Field Service Rep III Kasco SharpTech CorporationChristel Smits Contact Ctr Agent ModusLink-NetherlandsJohn Sonneland RUV Outside Services UK Elite Soccer Inc.Gerardo Imperial Sosa Materials Manager SLPE MexicaliRamon Soto Assembler OMG, Inc.David Soulier Contact Ctr Agent 2 ModusLink-USABen Spaeth Software Developer SL Montevideo Technology, Inc.Vladimir Spak Financial Analyst ModusLink-Czech RepDaryl Sparkman 1099 Torrance Strength & ConditioningBrandon Sperle Contact Ctr Agent 2 ModusLink-USAThomas Steele Front Desk Torrance Strength & ConditioningTiffany Steger Sales Account Specialist HandyTube CorporationJana Sticova Operator ModusLink-Czech RepMichael Stirrup Operator 1424 HandyTube CorporationDavid Stobbe Field Service Technician I Kasco SharpTech CorporationKevin Struck SUN-Derrick Hand SunWell ServicesBen Stuart Program Assistant Global Indoor Sports LLCLada Suchomelova Fork Truck Driver ModusLink-Czech RepAndrew Sueldo Contact Ctr Agent 2 ModusLink-USAWirda Sulaiman Production Operator ModusLink-MalaysiaIbrahim Suleiman Cell Member C Lucas-Milhaupt, Inc. Aihua Sun Production Operator ModusLink-ChinaBeidou Sun Supv, Facilities ModusLink-ChinaAlan Loone Sui Sun Store Assistant ModusLink-MalaysiaAlexandra Tamayo Contact Ctr Agent 2 ModusLink-USAJuan Tamez Jr Derrick Hand Black Hawk Energy Services Ltd

HR HAPPENINGS

Name Position Location Alisa Tang Accountant ModusLink-ChinaTao Tao Security Guard ModusLink-ChinaJames Tarczewski Quality Assur. Tech ( AA) Lucas-Milhaupt, Inc. Christopher Tate Field Service Technician I Kasco SharpTech CorporationAgnaldo Tavares Machine Operator Lucas Milhaupt Warwick, LLCTravis Tay Program Specialist-I ModusLink-SingaporeGeorge Taylor Office Salaried UK Elite Soccer Inc.Yinlong Teng Production Operator ModusLink-ChinaElena Terez Operator ModusLink-Czech RepLuis Terrones Accounts Receivable Accountant ModusLink-MexicoEmmett Therrian Rig Hand SunWell ServicesMichael Thorup Contact Ctr Agent 2 ModusLink-USAPamela Tilley Doffer/Weft Servicer JPS Composite Materials - StatesvilleMakenah Tippets Receptionist WebBankLee Topley Account Administrator ModusLink-NetherlandsIsabel Torres Production SLPE MexicaliXeneea Tribe Contact Ctr Agent 2 ModusLink-USAOndrej Vagner Fork Truck Driver ModusLink-Czech RepAndreyan Valachev Fork Truck Driver ModusLink-Czech RepMichelle Valladares Contact Ctr Agent 2 ModusLink-USATanja van Amstel Contact Ctr Agent ModusLink-NetherlandsJantine van Dijk Account Administrator ModusLink-NetherlandsBradley Van Fleet Contact Ctr Agent 2 ModusLink-USAJarred Vanderhoof Scorekeeper Baseball HeavenApril Vang Operations Clerk OMG, Inc.Petr Vasicek Fork Truck Driver ModusLink-Czech RepAldo Vazquez Buyer/Planner SL Montevideo Technology, Inc.Miguel Vazquez Supv, Operations ModusLink-USAAltantsetse Vecerkova Operator ModusLink-Czech RepHans Veenendaal Vice Pres, Sales ModusLink-NetherlandsIngris Velasquez Operations Coordinator ModusLink-USADaisy Velez Contact Ctr Agent 2 ModusLink-USAJessica P. Ver Steeg Sales Account Manager MTE Corp.Gunapreeya Veren Production Operator ModusLink-MalaysiaPaola Verhoeven FMS Accountant ModusLink-NetherlandsVlastimil Verner Fork Truck Driver ModusLink-Czech RepKaternia Veverkova Fork Truck Driver ModusLink-Czech RepDiana Villagrana Sr Transportation Analyst ModusLink-MexicoMichala Vojtova Invoicing Specialist ModusLink-Czech RepNancy Vongviengkham Line Leader Production ModusLink-USAJason Walczyk Customer Service Rep Lucas-Milhaupt, Inc. Surell Walker Administrative Assistant ModusLink-USAWenwu Wan Production Operator ModusLink-ChinaCai Wang Production Operator ModusLink-ChinaElan Wang Client Mgmt Specialist ModusLink-ChinaJerry Wang Accountant ModusLink-ChinaJiayou Wang Material Handler ModusLink-ChinaRobin Wang Supv, New Product Intro ModusLink-ChinaXiaojun Wang Production Operator ModusLink-ChinaYashuang Wang Production SLPE XiangheYonghao Wang Production Operator ModusLink-ChinaZhixiang Wang Production Operator ModusLink-ChinaMinful Wei Production Operator ModusLink-ChinaAlida Wells Front Desk Torrance Strength & ConditioningZachary Wheeler Flex Operator HandyTube CorporationJamaica White Process Engineer ModusLink-USASamuel Wilkins Rig Hand SunWell ServicesWiley Willden Compliance Analyst WebBankJames Williams Purchasing Manager JPS Composite Materials - AndersonElisha Williams Security Baseball HeavenPeter Wilson Rig Hand SunWell ServicesWoei Kang Wong Warehouse Assistant ModusLink-SingaporeMark Wood Mixing LAW API Foils, Inc.

Name Position Location John Worley Pusher Black Hawk Energy Services LtdDean Wrench RUV Outside Services UK Elite Soccer Inc.David Wu Mgr, Quality ModusLink-ChinaIvy Wu Commodity Mgr ModusLink-ChinaJian Wu Material Handler ModusLink-ChinaShelia Wu Accountant ModusLink-ChinaXiaoming Wu Production Operator ModusLink-ChinaXuewen Wu Production Operator ModusLink-ChinaGuowei Xia Production Operator ModusLink-ChinaMingo Xia Document Control Analyst ModusLink-ChinaJian Xie Material Handler ModusLink-ChinaJingxia Xie Production Operator ModusLink-ChinaMingyan Xie Production Operator ModusLink-ChinaYeqing Xie Quality Inspector-I ModusLink-ChinaChaosheng Xu Production Operator ModusLink-ChinaHaiying Xu Production Operator ModusLink-ChinaJennifer Xu Client Mgmt Specialist ModusLink-ChinaMary Yan Accountant ModusLink-ChinaSophie Yan Accountant ModusLink-ChinaAnnie Yang Client Mgmt Specialist ModusLink-ChinaGen Yang Material Handler ModusLink-ChinaGuangzhua Yang Production Operator ModusLink-ChinaJianglian Yang Production Operator ModusLink-ChinaSam Yang Buyer/Planner (Global) ModusLink-ChinaXiafang Yang Production Operator ModusLink-ChinaShunhua Yao Material Handler ModusLink-ChinaSongjin Ye Production Operator ModusLink-ChinaSabrina Yi Accountant ModusLink-ChinaJoel Young Derrick Hand SunWell ServicesTeresa Yu Document Control Analyst ModusLink-ChinaYuan Yuan Production Operator ModusLink-SingaporeSiman Yusuf Contact Ctr Agent ModusLink-NetherlandsAndy Zamora Safety Representative SunWell ServicesStephen Zapcic National Accounts Manager OMG, Inc.Junhua Zeng Production Operator ModusLink-ChinaJian Zhang Production Operator ModusLink-ChinaJiao Zhang Material Handler ModusLink-ChinaKelly Zhang Buyer/Planner (Global) ModusLink-ChinaMaggie Zhang Client Mgmt Specialist ModusLink-ChinaMengyao Zhang Production SLPE XianghePaul Zhang Buyer/Planner (Global) ModusLink-ChinaRollin Zhang Shipping Specialist ModusLink-ChinaSa Zhang Production Operator ModusLink-ChinaShaofang Zhang Production Operator ModusLink-ChinaJun Zheng Production Operator ModusLink-ChinaXiaoxuan Zhong Production Operator ModusLink-ChinaCindy Zhou Accountant ModusLink-ChinaEric Zhou Sr Buyer ModusLink-ChinaJiayu Zhou Production Operator ModusLink-ChinaKai Zhou Production Operator ModusLink-ChinaNansen Zhou Accountant ModusLink-ChinaYan Ju Zhou Production Operator ModusLink-SingaporeZiliang Zhou Material Handler ModusLink-ChinaZina Zhou Accountant ModusLink-ChinaSusi Zhu Buyer/Planner (Global) ModusLink-ChinaXinke Zhu Production Operator ModusLink-ChinaZhu Zhu Production Operator ModusLink-ChinaStacy Zuber Sales Account Manager MTE Corp.Marketa Zukalova Material Planner ModusLink-Czech RepSara Guadalupe Barron Zuniga Production SLPE Mexicali

New Hires continued

HR HAPPENINGS

36 INSIDER • Spring 2016

Spotted at the 2016 CEO Summit

General Richard Neal, Jack Howard and Warren Lichtenstein

steel partner insider newsletter spring 2016

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