On April 8, 2013, Champion Industries Inc. engaged Timothy D. Boates as its Chief Restructuring Officer. Mr. Boates, age 52, is the President of RAS Management Advisors, LLC (RAS). He has been employed by RAS for the past 13 years and has been President of that organization for 5 years.

RAS and Mr. Boates have served as chief restructuring advisor for Champion since December 28, 2011 pursuant to Agreement dated December 23, 2011.