People: Babson Capital Participation Investors (MPV)

MPV on New York Consolidated

14.53USD
21 May 2013
Price Change (% chg)

$0.05 (+0.36%)
Prev Close
$14.48
Open
$14.49
Day's High
$14.53
Day's Low
$14.45
Volume
8,430
Avg. Vol
10,407
52-wk High
$16.14
52-wk Low
$13.78

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Summary

Name Age Since Current Position

Clifford Noreen

 54 2009 Chairman of the Board of Trustees

Michael Klofas

 51 2009 President

James Roy

 49 2005 Chief Financial Officer, Vice President

Melissa LaGrant

 39 2006 Chief Compliance Officer

Christopher DeFrancis

 45 2010 Vice President, Secretary

Sean Feeley

 45 2011 Vice President

Michael Hermsen

 51 1998 Vice President

Mary Kibbe

 58 1992 Vice President

Richard Spencer

 49 2002 Vice President

John Davitt

 44 2001 Comptroller

Daniel Florence

 39 2008 Treasurer

William Barrett

 72 2006 Independent Trustee

Donald Benson

 81 1988 Independent Trustee

Michael Brown

 55 2005 Independent Trustee

Donald Glickman

 79 1992 Independent Trustee

Edward Grace

 61 2012 Independent Trustee

Martin Hart

 76 1991 Independent Trustee

Robert Joyal

 68 2003 Trustee

Maleyne Syracuse

 55 2007 Independent Trustee
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Biographies

Name Description

Clifford Noreen

 Mr. Clifford M. Noreen serves as Chairman of the Board of Trustees of Babson Capital Participation Investors since 2009. He has been President (since 2009), Senior Vice President (1996-2009), HYP Management LLC (LLC Manager); Director (since 2005), MassMutual Corporate Value Limited (investment company); Director (since 2005), MassMutual Corporate Value Partners Limited (investment company); Senior Vice President (1996-2008), MMHC Investment LLC (passive investor); Managing Director (2006-2009), MassMutual Capital Partners LLC (investment company); Director (since 2008), Jefferies Finance LLC (a finance company); Chairman and Chief Executive Officer (since 2009), Manager (since 2007), MMC Equipment Finance LLC; Chairman (since 2009), Trustee (since 2005), President (2005-2009), CI Subsidiary Trust and PI Subsidiary Trust; and Member of Investment Committee (since 1999), Diocese of Springfield. Mr. Noreen’s experiences as President, Vice Chairman, member of the Board of Managers and a Managing Director of Babson Capital provide the Boards with insight into investment company operational, financial and investment matters. The Boards benefit from Mr. Noreen’s 26 years of investment management and oversight experience related to public equities and corporate credit related investments, including private and public bonds, mezzanine and private equity investments and structured credit products. Mr. Noreen also has experience in financial services operations resulting from his years at Babson Capital and from acting as a director of private investment companies and finance companies.

Michael Klofas

 Mr. Michael L. Klofas serves as President of Babson Capital Participation Investors since 2009. He was Vice President (1998-2009) of the Trusts; Managing Director (since 2000), Babson Capital; and President (since 2009), Vice President (2005-2009), CI Subsidiary Trust and PI Subsidiary Trust.

James Roy

 Mr. James M. Roy serves as Chief Financial Officer, Vice President of Babson Capital Participation Investors since 2005. He has been Treasurer (2003-2005), Associate Treasurer (1999-2003) of the Trusts; Managing Director (since 2005), Director (2000-2005), Babson Capital; and Trustee (since 2005), Treasurer (since 2005), Controller (2003-2005), CI Subsidiary Trust and PI Subsidiary Trust.

Melissa LaGrant

 Ms. Melissa M. LaGrant serves as Chief Compliance Officer of Babson Capital Participation Investors. She has been Managing Director (since 2005), Babson Capital; Vice President and Senior Compliance Trading Manager (2003-2005), Loomis, Sayles & Company, L.P.; and Assistant Vice President-Business Risk Management Group (2002-2003), Assistant Vice President-Investment Compliance (2001-2002), Zurich Scudder Investments/Deutsche Asset Management.

Christopher DeFrancis

 Mr. Christopher A. DeFrancis is Vice President, Secretary of Babson Capital Participation Investors since December 10, 2010. He was Associate Secretary (2008-2010) of the Trusts; Chief Compliance Officer (since 2011), Co-General Counsel, Secretary, and Managing Director (since 2010), Senior Counsel, Assistant Secretary and Managing Director (2010), Assistant Secretary and Counsel (2008-2009), Babson Capital; Counsel (2001-2009), Massachusetts Mutual Life Insurance Company; Vice President and Secretary (since 2010), Assistant Secretary (2009-2010), CI Subsidiary Trust and PI Subsidiary Trust.

Sean Feeley

 Mr. Sean Feeley is Vice President of Babson Capital Corporate Investors since October 2011. He has been Managing Director (since 2003), Babson Capital; and Vice President (since 2011), CI Subsidiary Trust and PI Subsidiary Trust.

Michael Hermsen

 Mr. Michael P. Hermsen serves as Vice President of Babson Capital Participation Investors of Massmutual Participation Investors. He has been Managing Director (since 2000), Babson Capital; Vice President (since 2005), CI Subsidiary Trust and PI Subsidiary Trust; Director (since 2009), Babson Capital Asia Limited; and Director (since 2009), Babson Capital Australia Holding Company Pty. Ltd., and Babson Capital Australia Pty. Ltd.

Mary Kibbe

 Ms. Mary Wilson Kibbe serves as Vice President of Babson Capital Participation Investors. She has been Head of Fixed Income Team (since 2000), Managing Director (since 2000), Babson Capital.

Richard Spencer

 Mr. Richard E. Spencer II serves as Vice President of Babson Capital Participation Investors. He has been Managing Director (since 2000), Babson Capital; and Vice President (since 2005), CI Subsidiary Trust and PI Subsidiary Trust.

John Davitt

 Mr. John T. Davitt Jr., serves as Comptroller of Babson Capital Participation Investors. He has been Director (since 2000), Babson Capital; and Controller (since 2005), CI Subsidiary Trust and PI Subsidiary Trust.

Daniel Florence

 Mr. Daniel J. Florence serves as Treasurer of Babson Capital Participation Investors since 2008. He was Associate Treasurer (2006-2008) of the Trusts; and Associate Director (since 2008), Analyst (2000-2008), Babson Capital.

William Barrett

 Mr. William J. Barrett serves as Independent Trustee of Babson Capital Participation Investors since 2006. He has been Director (since 1979), TGC Industries, Inc. (geophysical services); Director and Secretary (since 2001 and from 1996-1997), Chase Packaging Corporation (agricultural services); Chairman and Director (since 2000), Rumson-Fair Haven Bank and Trust Company (commercial bank and trust company); and Director (since 1983), Executive Vice President, Secretary and Assistant Treasurer (since 2004), Supreme Industries, Inc. (specialized truck and body manufacturer). Mr. Barrett brings over 30 years of investment banking experience to each Board. Mr. Barrett is the President of WJ Barrett Associates, Inc., former President of Barrett-Gardner Associates, Inc., a private merchant bank and was a Senior Vice President with Janney Montgomery Scott LLC, a financial services firm, for over 26 years. Mr. Barrett has substantial board experience, having served on the boards of over 20 publicly traded companies. He has served as a Director of TGC Industries, Inc., since 1979, and also currently serves on the boards of Chase Packaging Corporation, Rumson-Fair Haven Bank and Trust Company, and Supreme Industries, Inc.

Donald Benson

 Mr. Donald E. Benson serves as Independent Trustee of Babson Capital Participation Investors since 1988. He is Director (1997-2008), MAIR Holdings, Inc. (commuter airline holding company); and Director (since 1997), First California Financial Group, Inc. (bank holding company). Mr. Benson has executive and board experience in the financial services industry. He has served as an Executive Vice President of Marquette Financial Companies since 1992 and a Partner of Benson Family Limited Partnership No. 1 and Benson Family Limited Partnership No. 2 (investment partnerships) since 1996. He served as Vice President of CRP Sports, Inc. (the managing general partner of the Minnesota Twins baseball club). Mr. Benson also serves as a Director for First California Financial Group, Inc. (f/k/a National Mercantile Bancorp) since 1997. He served as an Independent Director of MAIR Holdings Inc. He also served as a Partner of Benson, Pinckney and Oates Partnership (building partnership) from 1987 to 2004. Mr. Benson also has substantial investment company board experience, having served on the Board of each Trust for over 23 years.

Michael Brown

 Mr. Michael H. Brown serves as Independent Trustee of Babson Capital Participation Investors since 2005. He is a Independent Director (since 2006), Invicta Holdings LLC and its subsidiaries (a derivative trading company owned indirectly by MassMutual). Mr. Brown brings over 25 years of experience in investment banking and the financial advisory industry to each Board. Mr. Brown previously worked as an investment banker with Morgan Stanley. Additionally, Mr. Brown also serves as a Director of Invicta Holdings LLC, Invicta Advisors LLC, Invicta Capital LLC and Invicta Credit LLC, a group of companies involved in writing and selling credit protection in the credit derivatives market on tranches of corporate, RMBS and CMBS exposure.

Donald Glickman

 Mr. Donald Glickman serves as Independent Trustee of Babson Capital Participation Investors since 1992. He is Director (since 1984), Monro Muffler and Brake, Inc. (automobile repair service); and Lead Director (1998-2009), MSC Software Corp. (simulation software). Mr. Glickman has substantial experience in the private equity, corporate banking and investment industries, including experience with financial reporting obligations and oversight of investments. He is a Founding Partner of J.F. Lehman & Co. and the Chairman of Donald Glickman & Co, Inc., both private investment firms. Mr. Glickman served on the audit committee of MSC Software, Inc. and has substantial investment company board experience, having served on the Board of each Trust for over 19 years.

Edward Grace

 Mr. Edward P. Grace III, serves as Independent Trustee of Babson Capital Participation Investors. Mr. Grace has been Director (since 2010), Larkburger, Inc. (restaurant chain); Director (since 2004), Not Your Average Joe’s, Inc. (restaurant chain); Director (since 2011), Firebirds Wood Fired Holding Corporation (restaurant chain); Director (since 1998), Shawmut Design and Construction (construction management and general contracting firm); Director (2008-2010), Logan’s Roadhouse, Inc. (restaurant); Director (2007-2009), Claim Jumper Restaurants (restaurant chain); Director (1996-2008), RARE Hospitality International, Inc. (restaurant chain); Director (2006-2008), Quintess/Dream Catchers Retreats; Director (2004-2009), The Gemesis Corporation (cultivator of cultured diamonds); Trustee (1999-2008), Bryant University; Trustee (1977-2010), Johnson & Wales University. Mr. Grace is Founder and former Chairman, President and Chief Executive Officer of The Capital Grille and Bugaboo Creek Steak House. He sold these chains and was formerly Director and Vice Chairman of the combined companies, RARE Hospitality International, Inc. He has served as Director of numerous other private and public companies, including Boston Restaurant Associates, Inc., Logan’s Roadhouse, Inc., The Gemesis Corporation and Claim Jumper Restaurants. Mr. Grace holds a Professional Director Certification from the American College of Corporate Directors (a public company director education and credentialing organization).

Martin Hart

 Mr. Martin T. Hart serves as Independent Trustee of Babson Capital Participation Investors since 1991. He has been Director (2004), Texas Roadhouse, Inc. (operated restaurant chain); and Director (since 1999), ValueClick, Inc. (internet advertising company). Mr. Hart brings over 33 years of experience as a private investor to each Board. In his capacity as a private investor, Mr. Hart has served as an executive officer or board memeber of many of the companies in which he invested. Mr. Hart currently serves as a director of Texas Roadhouse, Inc. and ValueClick Inc.

Robert Joyal

 Mr. Robert E. Joyal serves as Trustee of Babson Capital Participation Investors since 2003. He was Director (since 2006), Jefferies Group, Inc. (financial services); Director (2003-2010), Alabama Aircraft Industries, Inc. (aircraft maintenance and overhaul); Director (2007-2011), Scottish Re Group Ltd. (global life reinsurance specialist); Director (2005-2006), York Enhanced Strategy Fund (closed-end fund); Trustee (since 2003), MassMutual Select Funds, (an open-end investment company advised by MassMutual); Trustee (since 2003), MML Series Investment Fund (an open-end investment company advised by MassMutual); and Trustee (1998-2003), President (2001-2003), Senior Vice President (1998-2001), CI Subsidiary Trust and PI Subsidiary Trust. Mr. Joyal brings over 36 years of executive and board experience in the investment management business to each Board. Mr. Joyal previously served as the President of each Trust and the President of each Trust’s investment adviser, Babson Capital. He also has substantial board experience, including his service on two other investment company boards (MassMutual Select Fund and MML Series Investment Fund). Mr. Joyal is a Chartered Financial Analyst.

Maleyne Syracuse

 Ms. Maleyne M. Syracuse serves as Independent Trustee of Babson Capital Participation Investors since 2007. Ms. Syracuse brings over 25 years of experience in investment banking, corporate finance and the financial advisory industry to each Board. Ms. Syracuse’s previous positions include her work as an investment banker at JP Morgan Securities, Inc. and Deutsche Bank Securities (f/k/a Banker’s Trust Company.)

Insider Trading

Name Shares Traded Price

SWEENEY SUSAN B

 1,775 $13.96

GRACE EDWARD P III

 1,000 $14.36

BARRETT WILLIAM J

 1,500 $14.50

BARRETT WILLIAM J

 100 $14.86

BARRETT WILLIAM J

 2,500 $14.15

BARRETT WILLIAM J

 700 $14.20

BARRETT WILLIAM J

 1,000 $14.35

BARRETT WILLIAM J

 700 $14.20

BARRETT WILLIAM J

 4,000 $13.83

BROWN MICHAEL HARLAN

 1,000 $13.90

BARRETT WILLIAM J

 447 $14.80

BARRETT WILLIAM J

 1,000 $14.60

BARRETT WILLIAM J

 2,553 $14.80

BARRETT WILLIAM J

 3,900 $14.83

BARRETT WILLIAM J

 100 $14.83

GRACE EDWARD P III

 400 $14.99

GRACE EDWARD P III

 1,600 $14.99

BARRETT WILLIAM J

 3,000 $14.90

BARRETT WILLIAM J

 500 $15.00

BARRETT WILLIAM J

 500 $15.02

BARRETT WILLIAM J

 280 $15.25

BARRETT WILLIAM J

 95 $15.25

BARRETT WILLIAM J

 100 $15.25

BARRETT WILLIAM J

 25 $15.25

BARRETT WILLIAM J

 2,000 $15.10
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