Phillip Scott Schaeffer

Mr. Phillip S.
Schaeffer is a Senior Portfolio Manager at Scott's Cove Management LLC.
He is a managing member of SCM.
Prior to forming SCM, Mr. Schaeffer was the managing director and portfolio manager of Katonah Scott’s Cove Management LLC from January 2008 until February 2011 (“Katonah”).
Prior to joining Katonah, he was managing member and sole owner of Scott’s Cove Capital Management LLC, from April 1999 through December 2007 (“SCCM”).
Prior to SCCM, he was a senior vice president at Robert Fleming Inc. (“Flemings”) from December 1990 through March 1999, during which time he established and directed the Flemings Special Credits Group.
From 1989 to 1990, Mr. Schaeffer was co-founder and co-managing general partner of Amroc Investments, L.P., which invested in special credits.
Before forming Amroc, Mr. Schaeffer co-established and co-managed for two years (from 1987 to 1989) the Bankruptcy and Corporate Reorganization Department at Cowen & Co., a New York-based investment firm.
Before joining Cowen, Mr. Schaeffer was senior analyst at R.D.
Smith & Co., a New York-based brokerage firm specializing in the brokerage of special credits from 1986 to 1987.
From 1981 to 1986, Mr. Schaeffer was with the Taubman Companies, where he was assistant to the chairman, A.
Alfred Taubman.
Later, as a vice president of Taubman Investment Company, he was involved in acquisition analysis.
After the acquisition of A&W Restaurants, Inc., Mr. Schaeffer became its vice president and chief financial officer.
He is a graduate of the Harvard Business School (M.B.A.
1981) and of the University of Virginia (B.S.
1977).