Board of Directors

John Brecker

Director

John Brecker has been a Director since October 1, 2013 and is the Chairman of the Board of Directors, Vice President, Treasurer and Assistant Secretary of PMI. Mr. Brecker is a partner of Drivetrain Advisors, which provides fiduciary services to financial firms and for financially troubled entities. Mr. Brecker served as a Principal and Co-founder of Longacre Fund Management, L.L.C. from 1998 to 2013 and has extensive experience in distressed debt investing. He also serves as a member of numerous boards of directors and associated committees, including most recently as Chairman of the Board of Refrigerator Holdings, Inc., a member of the Audit Committee for Catalyst Paper Company, Inc., a director for Broadview Networks, Inc. and was a member of the Audit and Compensation Committees of Morgans Hotel Group from May 2014 until November 2015. Mr. Brecker received a law degree from St. John's University School of Law and a Bachelor of Arts in Political Science from American University.

Charles Jacobson

Interim Chief Executive Officer, Interim Chief Financial Officer and Director

Charles Jacobson was appointed our interim CFO in October 2015, our interim CEO in October 2016, and has been a Director since September 2017. He serves as the CEO and Managing Director of Pine Hill Group, LLC, or Pine Hill, a consulting firm, which he co-founded in 2007. Pine Hill provides management level finance, accounting and transaction advisory services to middle market public and private companies. Since May 2015, Mr. Jacobson serves as CFO, Treasurer and Director of Parkview Capital Credit, Inc., or Parkview, a business development company, pursuant to a to an agreement between Pine Hill and Parkview. Since 2012, Mr. Jacobson has also served as CFO of SWK Holdings, Inc., a publicly traded company providing specialty financing solutions to companies in the life science industry. From 2012 to 2013, Mr. Jacobson served as CEO and CFO of Pro Capital, LLC, or Pro Cap, an investment management business specializing in investments of municipal tax liens pursuant to an agreement between Pine Hill and Pro Cap. Mr. Jacobson also served on Pro Cap's board of managers from 2012 to 2014. From 2008 to 2011, Mr. Jacobson served as CFO of FS Investment Corporation pursuant to an agreement between Pine Hill and FS Investment Corporation. From 2001 to 2007, Mr. Jacobson worked for ATX Communications, Inc., or ATX, becoming the organization's senior vice president of finance where he was responsible for managing ATX's finance organization. Prior to working for ATX, Mr. Jacobson held senior managerial audit positions with Ernst & Young LLP from 1999 to 2000 and with BDO Seidman, LLP from 1996 to 1999, where he was responsible for audit engagements of private, pre-IPO and publicly traded companies in a variety of different industries. Mr. Jacobson began his professional career in 1993 at a regional public accounting firm where he performed audits on governmental entities. Mr. Jacobson is a Certified Public Accountant and holds a B.S. degree in Accounting from Rutgers University.