Andrew Shapiro Andrew Shapiro, Lawndale Capital Management

Andrew Shapiro is Founder, President and Portfolio Manager of Lawndale Capital Management, a manager of small-cap
activist hedge funds for more than 21 years. In addition to leading Lawndale, Mr. Shapiro has also served as a Director or Observer on Lawndale portfolio boards and debt/equity bankruptcy committees. Prior to founding Lawndale’s funds in 1993, Mr. Shapiro accumulated a rare combination of experience in credit, legal and equity analysis in a variety of roles managing bankruptcy, turnaround, leveraged buyout, risk arbitrage, and small-capitalization investments. Mr. Shapiro has both JD and MBA degrees from the UCLA School of Law and UCLA Anderson School, respectively, and a BS in Business from UC Berkeley, where he has also taught finance courses. He is a member of the National Association of Corporate Directors (NACD) and was selected to the 2012 NACD Directorship 100, a list of the most influential leaders in the boardroom and corporate governance community. Mr. Shapiro is also a frequent speaker on activist investing and has been the subject of several articles, including a Business Week article calling him “The Gary Cooper of Governance”. Mr. Shapiro is on the faculty of UCLA Anderson’s Director Education and Certification Program.

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