Board of Directors

H. Robert Holmes

H. Robert Holmes

Chairman of the Board

Mr. Holmes was elected as a director in May 2012. From 2008 to 2012, Mr. Holmes has served on the board of Dejour Industries (NYSE-MKT: DEJ). He was the founder and general partner of Gilford Partners Hedge Fund. From 1980-1992, Mr. Holmes was the Co-Founder, President of Gilford Securities, Inc. Previously, Mr. Holmes served in various positions with Paine Webber and Merrill Lynch.

Mr. Holmes has served on the Board of Trustees North Central College in Naperville, II; Board of Trustees of Sacred Heart Schools, Chairman of Development Committee, in Chicago, IL; Board of Trustees of Crested Butte Academy where he was Chairman of Development Committee; and the Board of Trustees Mary Wood Country Day School, Rancho Mirage, CA.

The board believes that Mr. Holmes has the experience, qualifications, attributes and skills necessary to serve as Chairman of the Board because of his many years of business experience and service as a director for many successful companies.

Robert Ladd

Robert Ladd

Director

Mr. Ladd joined the Company in December 2010 as a Director. He was appointed Interim President and CEO in February 2011, appointed President and CEO in January 2012 and appointed Interim Treasurer and Interim Chief Financial Officer in December 2015. In August 2017 Ladd was appointed CEO of MGT.

Mr. Ladd is the Managing Member of Laddcap Value Advisors, LLC, which serves as the investment manager for various private partnerships, including Laddcap Value Partners LP. Prior to forming his investment partnership in 2003, he was a Managing Director at Neuberger Berman, a large international money management firm catering to individuals and institutions.

From 1992 through November 2002, Mr. Ladd was a portfolio manager for various high net worth clients of Neuberger Berman. He was also a securities analyst at Neuberger from 1988 through 1992. Mr. Ladd is a former Director of InFocus Systems, Inc. (Nasdaq – INFS, 2007 to 2009), and served on the board of Delcath Systems, Inc. (Nasdaq – DCTH, 2006-2012). Mr. Ladd has earned his designation as a Chartered Financial Analyst (1986).

Michael Onghai

Michael Onghai

Independent Director, Chairman of the Audit Committee, Nominations and Compensation Committee Member

Mr. Onghai was appointed a director in May 2012. He has been the CEO of LookSmart (NASDAQ CM: LOOK), since February 2013. He is the founder of AppAddictive, an advertising and social commerce platform and has been Chairman since July 2011. He is also the President of Snowy August Management LLC, a special situations fund concentrating on the Asian market, spin-offs and event-driven situations. He is the founder of Stock Sheet, Inc., and Daily Stocks, Inc. - the web's early providers of financial information and search engine related content for financial information.

Mr. Onghai has founded several other internet technology companies for the last two decades. He is an advisor to several internet incubators and is a panelist who advises FundersClub on which companies to accept for its pioneering venture capital platform.

Mr. Onghai has earned his designation as a Chartered Financial Analyst (2006) and holds a B.S. in Electrical Engineering and Computer Science from the University of California, Los Angeles and graduated from the Executive Management Certificate Program in Value Investing (The Heilbrunn Center for Graham & Dodd Investing) Graduate School of Business at Columbia Business School. The board believes that Mr. Onghai has the experience, qualifications, attributes and skills necessary to serve as a director and chairman of the Audit Committee because of his years of business experience and financial expertise.

Nolan Bushnell

Nolan Bushnell

Director

Nolan Bushnell is a technology pioneer who is best known as the founder of the Atari Corporation and Chuck E. Cheese. Bushnell has also founded more than 20 companies during his career, including Catalyst Technologies, the first technology incubator; ByVideo, the first online ordering system; Etak, the first digital navigation system; UWink, the first touchscreen menu ordering and entertainment system; and BrainRush, an educational software company.

Bushnell also served as a director on the boards of Wave Systems Corporation, a developer and distributor of hardware-based digital security products, and of AirPatrol Corporation/Sysorex (NASDAQ: SYRX), which makes indoor positioning systems. He was also on the board of directors at Neoedge Networks, a technology and in-game advertising company that enabled casual game publishers to deliver television-like commercials within their products.


MGT CAPITAL INVESTMENTS, INC. IS COMMITTED TO THE HIGHEST STANDARDS OF BUSINESS CONDUCT IN OUR RELATIONSHIPS WITH EACH OTHER AND WITH OUR CUSTOMERS, SUPPLIERS, STOCKHOLDERS AND THE COMMUNITY.

This requires that we conduct our business in accordance with all applicable laws and regulations and in accordance with the highest standards of business ethics. The Board of Directors has therefore adopted a code of conduct to further its goal of providing effective governance of the Company’s business. Our Board currently has four directors, two of whom meet all of the independence requirements of the U.S. Securities & Exchange Commission.