Stefan Hortnagl Vonblon

JPMorgan Securities LLC (JPMS) is a securities brokerage firm headquartered in New York City. The firm was founded in 1985 and is a subsidiary of JPMorgan Broker-Dealer Holdings, Inc., ultimately held by JPMorgan Chase & Co., Inc. (NYSE: JPM). JPMS provides research on fixed income, credit, derivatives, emerging markets, foreign exchange, structured finance, technical analysis and bond indices. Their equity analysts cover equities throughout North America, EMEA, Asia/Pacific and the emerging markets. The firm's fixed income team formulates trading and portfolio recommendations for investors in global bonds and other fixed-income markets based on valuations, analytics and market dynamics.

Tensile Capital Management LP (Tensile Capital) is an independent, SEC-registered investment advisor and hedge fund manager headquartered in Larkspur, California. The firm was founded by Arthur C. Young and Douglas J. Dossey in 2012. Tensile Capital provides portfolio management services to pooled investment vehicles.