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Asta Funding Inc (ASFI.OQ)

ASFI.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Gary Stern

66 2009 Chairman of the Board, President, Chief Executive Officer

Steven Leidenfrost

50 2019 Chief Financial Officer

Ricky Stern

34 2014 Senior Vice President

Seth Berman

56 2016 Chief Compliance Officer, General Counsel, Secretary

David Slackman

72 2008 Lead Independent Director

Louis Piccolo

67 2013 Director

Timothy Bishop

69 2018 Independent Director

Michael Monteleone

61 2019 Independent Director

Biographies

Name Description

Gary Stern

Mr. Gary Stern serves as Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Stern has been a director and the President and Chief Executive Officer of the Company since our inception in July 1994. Mr. Stern assumed the role of Chairman in January 2009. Mr. Stern had been Vice President, Secretary, Treasurer and a director of Asta Group since 1980 and held other positions with Asta Group prior thereto. In such capacities, he has obtained substantial experience in distressed consumer credit analysis and receivables collections. As a result of these and other professional experiences, Mr. Stern possesses particular knowledge and experience in financial management and collections which strengthens the Board’s collective qualifications, skills, and experience.

Steven Leidenfrost

Mr. Steven Leidenfrost is appointed as Chief Financial Officer of the Company, effective September 23, 2019. He has over 25 years of experience in banking and capital markets, management consulting and public accounting. Prior to joining Asta Funding, Inc., Mr. Leidenfrost was an Executive Director at Morgan Stanley, a global financial services firm, where he held a number of key leadership positions including Global Tax Controller, Head of Disclosure Policy and Strategic Projects and Head of SEC Reporting. Mr. Leidenfrost also was an auditor and consultant with KPMG, an international public accounting firm. Mr. Leidenfrost is a Certified Public Accountant and serves on the SEC Committee at the New York State Society of Certified Public Accountants since July of 2009. Mr. Leidenfrost holds a Master of Business Administration in Financial Management and Information Systems from Pace University and a Bachelor of Science degree in Accounting from Manhattan College.

Ricky Stern

Mr. Ricky Stern serves as Senior Vice President of the Company. Stern served as Assistant Treasurer of the Company and has been with the company for three years. Prior to joining the Company, Mr. Stern earned an MBA in Finance from Pace University in 2011. Mr. Stern is a Certified Financial PlannerTM professional as well as a Certified Investment Management AnalystSM professional. He is President of its wholly owned subsidiary, GAR Disability Advocates LLC.

Seth Berman

Mr. Seth Berman Esq. serves as Chief Compliance Officer, General Counsel, Secretary of the Company. He has served as our General Counsel since 2005 and was named Chief Compliance Officer in April 2013. From 1997 through 2004, Mr. Berman was an associate at Weil Gotshal & Manges LLP.

David Slackman

Mr. David S. Slackman serves as Lead Independent Director of the Company. He has also served as Director of Asta Funding, Inc. since May 2002. Mr. Slackman has served as Managing Director at HT Capital Advisors LLC from August 2008 to present. Mr. Slackman served as President, Manhattan Market — New York of Commerce Bank from January 2001 through June 2008. Prior to January 2001, Mr. Slackman was an Executive Vice President of Atlantic Bank of New York from 1994 to 2001 and a Senior Vice President of the Dime Savings Bank from 1986 to 1994.

Louis Piccolo

Mr. Louis A. Piccolo serves as Director of the Company. Mr. Piccolo has served as President of A.L. Piccolo & Co., Inc., a business consulting firm specializing in management and financial consulting, since 1988. Mr. Piccolo was an Executive Vice President and Chief Financial Officer of Alfred Dunhill of London, Inc. from 1983 to 1988, and held the same positions at Debenham’s PLC, from 1981 to 1983. From 1977 to 1981, Mr. Piccolo was a senior accountant at KPMG Peat Marwick. As a result of these and other professional experiences, Mr. Piccolo possesses particular knowledge and experience in accounting and management which strengthens the Board’s collective qualifications, skills, and experience.

Timothy Bishop

Mr. Timothy Bishop serves as Independent Director of the Company. Mr. Bishop's experience includes serving Southampton College for 29 years, leaving the position of Provost in 2002 to make his first-ever run for office, when he was elected to represent New York's 1st Congressional District in one of the closest elections in the nation. He was re-elected to the House of Representatives five times. Congressman Bishop graduated from Southampton High School and holds a BA in History from Holy Cross College in Worcester, Massachusetts and a Masters Degree in Public Administration from Long Island University. During his time in Congress, Mr. Bishop served on the House Budget Committee for 4 years, and served as either the Vice-Chair or Co-Chair of the Democratic Budget group for all twelve years he was in Congress. Additionally, Mr. Bishop served as the budget officer for Southampton College for approximately 22 years.

Michael Monteleone

Mr. Michael R. Monteleone serves as Independent Director of the Company. Mr. Monteleone is a retired audit partner, formerly with KPMG LLP. He has extensive experience serving large multinational publicly traded companies. His experience includes SEC reporting, mergers and acquisitions, reorganizations and restructurings, as well as other technical financial reporting matters. Mr. Monteleone is a licensed certified public accountant in the states of Virginia, New Jersey and New York. He is a member of the American Institute of Certified Public Accountants and New York and New Jersey State Societies. He earned a bachelor of business administration in accounting from Pace University.

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