FIRM OVERVIEW About Banyan Banyan Capital Management, an investment counseling firm based in Atlanta, GA, manages the investment needs of individuals, trust funds and retirement plans, investing primarily in the equities market. Founded in 1987 by president, Gary L. Watkins, Banyan currently manages approximately $40 million in assets. Investment Philosophy We are long-term, value-oriented investors.  The wealth-building portfolios we manage invest in equity securities of good businesses run by shareholder-oriented managers.  We invest in companies when both the market price is at a significant discount to our assessment of intrinsic value and we expect intrinsic value to grow.  Stocks purchased with such characteristics provide an investor with a margin of safety against permanent loss of capital.  Stocks are sold when prices approach or exceed our assessment of intrinsic value or when intrinsic value begins to erode. Client Service At Banyan we see any problem a client may have not as a burden, but as an opportunity.  We are proud of our client retention history.  Our clients stay with us because we provide: Direct access to investment professional Responsive, attentive staff A buffer between the client and custodian Commitment to overall service The Banyan Team Banyan Capital Management is a team of focused professionals. We seek to achieve superior long-term performance in addition to our commitment to client service.  Our clients enjoy direct access to their investment professional and administrative staff, ensuring them prompt and personalized attention. Gary L. Watkins Gary is the president and founder of Banyan Capital Management and is a 1973 graduate of the business school at The University of North Carolina in Chapel Hill.  He has continuously served as an investment professional since 1982.  Prior to founding Banyan, Gary worked for six years as a stockbroker with a major New York Stock Exchange member firm. Gary conducts investment workshops for the Georgia and the Alabama Societies of CPA’s. Gary has been active with Big Brothers Big Sisters for nearly all of his adult life. He began in 1975 as a Big Brother to a young man who had lost his father. Gary's relationship to that individual continues today. He has served on the Board of Directors of Big Brothers Big Sisters of Metro Atlanta. Gary makes his home in Sandy Springs, Georgia.  When he’s not poring over annual reports, Gary can usually be found fishing one of his favorite trout streams or reading a history book.   Douglas E. Ott, II Doug joined the Banyan Capital Management team as Portfolio Manager and Analyst in October 2009. Doug received his B.A. from Washington University in St. Louis in 2004 majoring in English and History. He also received his J.D. from the Mercer University School of Law in 2009. He is now working on earning the designation of Chartered Financial Analyst. In between degrees, Doug worked in Washington, D.C. for a U.S. Senator, the American Enterprise Institute, and the non-profit government watchdog organization Judicial Watch.     In his spare time, Doug is an avid reader and is also a Category 2 cyclist – two levels beneath the professional level – that competes as part of a team based in Middle Georgia.   Charlene E. Beaton Charlene joined the Banyan Capital Management team as Office Manager and Portfolio Administrator in early May 2008.   Charlene’s responsibilities include portfolio administration, as well as, accounting functions and overall operation of the office. Charlene received her B.A. from Salem State College in Salem Massachusetts.   Charlene has professionally served as financial officer of a privately owned corporation, as well as, executive assistant to the chief executive officer.   She enjoys watching her two daughters’ sporting events, reading, and taking walks in her neighborhood and local parks.