DB Wealth Management Prospective Client Ron Wanek Founder and Chairman — Ashley Furniture Age: 75 Net Worth: —$1.94BN Company Profile • Founded by Ron Wanek • Ron's son, Todd, is the current President and CEO • Largest US-based maker and retailer of furniture with —$48N in annual sales • The company thrives by producing low-price furniture by partnering with Asian markets • The company operates what is widely considered to be the industry's most streamlined delivery system to rush products into stores • In the US, Ashley Furniture has approximately 460 stores, with a focus on price and urgency • The company has —13,000 employees in the US Personal • Married to Joyce Wanek, 3 children: Todd Wanek, Shari Wagner, Katie Forsythe • Ron is close with his family and has included them in his business o Todd Wanek, Ron's son, is the CEO o Travis Wagner, a grandson of Ron Wanek, runs the company's three manufacturing plants in Vietnam o Granddaughter, Laura Forsythe, helps manage the retailing push in China • Through the family office, Third Lake Capital, Wanek owns WingHouse, a restaurant chain in Florida • Ron grew up on a farm in Minnesota • Ron has homes in Arcadia, WI and St. Petersburg, FL Education • No college Career History • Ron considered selling his furniture empire in June 2015, hiring Goldman Sachs as an adviser to a potential deal reportedly valuing the company north of $36N. He decided to keep it in the family. • Ron founded Ashley Furniture and served as its CEO • Ron served as the President of American Home Furnishings Alliance • He currently serves as Ashley Furniture Chairman • He is the Director of American Home Furnishings Alliance Charities • Made a $10MM donation to High Point University in 2013 • Annual 'Ashley for the Arts' philanthropy event, which raises funds for local schools, children's charities, medical research, and area cancer patients • Ashley Furniture Industries and Ashley Fumiture HomeStore donated $1.1MM to the Red Cross to aid Hurricane Katrina Victims and raised over $6MM for St. Jude Children's Research Hospital • Ashley Furniture Industries: o Donated $1MM in fumiture to the Minnesota and Wisconsin flood victims o Raised over $4MM for the City of Hope to aid their research efforts o Strong supporter of the Mayo Foundation Medical Research o Has contributed —$500,000 to the non-profit Ashley's Little Angels, which provides food, clothing, and toys to children in need during the holidays Confidential CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0098152 CONFIDENTIAL SDNY_GM_00244336 EFTA01392866




