Aequitas Capital Management Advisory Board:
Overview
Investment Process
Executive Team
Advisory Board
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William C. McCormick

Bill McCormick became chairman and chief executive officer of Precision Castparts Corp. in October 1994. He assumed the CEO responsibilities in August 1991, prior to which he served as President and COO. During the last dramatic downturn in the aerospace cycle, Mr. McCormick provided the leadership for Precision Castparts' aerospace businesses to maintain or improve operating margins while absorbing deep price cuts and significantly reduced volume. In recent years, he embarked on an acquisitions strategy to reduce the company's vulnerabilities to downturns in the aerospace cycle, while exploiting the upturns, and to identify other markets for growth in both revenues and profits. Mr. McCormick stepped down as CEO in August 2002 and from the chairman position in August 2003.

Before joining Precision Castparts in April 1985, Mr. McCormick spent his career at General Electric in various businesses, including GE Aircraft Engines, Carboloy Systems, Distribution Equipment, and Industrial Electronics. He held a wide range of positions both in manufacturing and engineering over the course of 32 years. While he left GE as a department general manager, he began as a tool-and-die-making apprentice.

In addition to serving on the Advisory Board of Aequitas and the Board of Directors of Microfield, Inc., Mr. McCormick is on the board of directors and is Chair of the Audit Committee of Merix Corporation, a leading manufacturer of high performance interconnect products. Mr. McCormick also serves on boards of Blue Point Capital and Riverlake Partners, buyout firms of small-to-medium-sized manufacturing companies. He is on the boards of Homestead Capital, the Albertina Kerr Foundation, the Technology Transfer Committee of the Providence Hospital System, Brillcast, Inc., TECT Aerospace and SP Industries, Inc. Mr. McCormick earned a BS Degree in mathematics from the University of Cincinnati.



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Edmund Jensen

Jensen retired from his position as President and CEO of Visa International in San Francisco. Earlier he was Vice Chairman and Chief Operating Officer of US Bancorp in Portland. His work has given him broad international experience along with experience across the US. Mr. Jensen's early career consisted of executive jobs in industrial companies and real estate development before a second career in financial services. He played management roles at firms including Technicolor in Los Angeles and the large conglomerate National Industries in Louisville, where he oversaw three manufacturing companies. Mr. Jensen also has an extensive background in civic leadership.

He earned a BA in Finance from the University of Washington and attended various executive programs including the Stanford Executive Program. Mr. Jensen grew up in Honolulu where, after university and military service, he worked for Dole (finance, marketing, production and planning with operations research techniques.)



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Pat Terrell

Pat Terrell is the managing member of Terrell and Associates and PatRick Investments - private equity and real estate investment companies based in Portland. He also serves on the boards of RS Medical, Routeware Inc, Trios Medical and Bluewave Technology.

Mr. Terrell was the founder of Leading Technology in 1984, and led the company as CEO until 1992. He built Leading Technology to a $300 million per year manufacturer of personal computers before selling the company to Video Technology out of Hong Kong.

Previously Mr. Terrell founded Byte Shops Northwest in 1977, and served as President and CEO until 1984. Byte Shops grew to $50 million in annual revenues servicing personal computers. In 1984 Mr. Terrell sold the firm to Pacific Telesis, one of the Baby Bell companies.



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Marty Brantley

Beginning his career as a film editor in Washington, DC and ending as President of KPTV-TV in Portland, Oregon, Martin Brantley retired from a 33-year career in broadcasting. KPTV received the Peabody Award under his lead. Taking his knowledge of Oregon, Mr. Brantley stepped from television into state affairs, serving as Department Director of Oregon Economic and Community Development Department. In this position he was responsible for economic growth and direction for the State. Mr. Brantley also has an extensive background in civic leadership, having sat as Chairman for the Portland Art Museum, Vice Chairman for the Foundation Board of Providence St. Vincent, and Board of Trustees for the Nature Conservancy. He also served on the Portland branch Board of Directors for the Federal Reserve Bank of San Francisco.

Martin earned a BS in Political Science from the University of California, Santa Barbara. He has been a Portland resident for over 32 years, where he resides with his wife and three sons.

Senior Advisor

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Gerry Frank

Gerry Frank, president of Gerry's Frankly Speaking, Inc, is a fourth-generation Oregonian with deep roots in Oregon's civic, political and mercantile history. He was educated in Portland public schools, Stanford University, and has a B.A. and M.A. with honors from Cambridge University in England.

As Chief of Staff to former US Senator Mark O. Hatfield for twenty years and as a board member and trustee to literally dozens of Oregon community institutions, Gerry has lived global politics firsthand and contributed his energy and expertise to Oregon's evolution. He has often been referred to as "Oregon's third Senator."

He serves on a number of boards, including the American Automobile Association (AAA) of Oregon and Idaho; St. Vincent Medical Foundation; Portland Rose Festival Association; past chair of the Oregon Independent Colleges Foundation; and served as chair of the Oregon Tourism Commission. He is a former board member of US Bancorp and Standard Insurance Company, as well as the executive committee of the US Committee for UNICEF. The list of his community involvements and recognitions is lengthy, including his current chairmanship of the $100,000,000 Kroc Center for the Salem area.

Frank is well known for his Frankly Speaking column in The Oregonian and as a former commentator for KPTV-12's Good Day, Oregon, Northwest Reports and AM Northwest for KATU. His best-selling guidebook to New York City, Where to Find It, Buy It, Eat It in New York, has sold over one million copies with the 16th edition set to debut in the fall of 2009.

Gerry has remained extremely active in the business and civic community since he moved to Salem in 1955. He was named Salem's Jr. First Citizen in 1957 and its First Citizen in 1964. He has received numerous awards, including the Glenn Jackson Leadership Award from Willamette University in 1984, the Aubrey Watzek Award in 1986, the Gold Medallion Award for 50 years of Individual Community Service in 1999, and in 2000 he was named the first-ever 'Oregon Premier Citizen' by gubernatorial proclamation.