MICHAEL W. MALAFRONTE - Corporate Board Profile

Adtalem Global Education Inc.

Filing Date	Source Excerpt
2016-10-04	Michael W. Malafronte, Managing Partner, International Value Advisers, LLC, age 42, director since 2016. Committees: Compensation, External Relations, Nominating & Governance. Mr. Malafronte has declined all compensation for his service.
2017-05-01	Non-Employee Directors Michael W. Malafronte Non-Employee Director
2017-10-04	Michael W. Malafronte Managing Partner, International Value Advisers, LLC, and President, IVA Funds Age: 43 Director since 2016 Committees: Compensation, External Relations, Nominating & Governance 2017 Director Compensation: $0 (declined all compensation)
2018-10-04	Michael W. Malafronte Managing Partner, International Value Advisers, LLC, and President, IVA Funds. Age: 44. Director since 2016. Committees: Compensation (Chair), Audit and Finance, Nominating & Governance. Mr. Malafronte has declined all compensation for his service.
2019-10-04	Michael W. Malafronte, Independent Managing Partner, International Value Advisers and President of IVA Funds Age: 45 Director since: 2016 Committees: Compensation (Chair) Audit and Finance Nominating & Governance ... Mr. Malafronte, who was originally appointed to the Board in 2016 pursuant to a Support Agreement, has declined all compensation for his service.
2020-10-15	Michael W. Malafronte, Independent, Managing Partner, International Value Advisers and President of IVA Funds, Age: 46, Director since: 2016, Committees: Compensation (Chair), Audit and Finance. Mr. Malafronte has declined all compensation for his service.
2021-10-08	Michael W. Malafronte, Independent Former Managing Partner, International Value Advisers and President of IVA Funds Age: 47 Director since: 2016 Committees: Compensation (Chair) Audit and Finance Career Highlights Mr. Malafronte has been a director of Adtalem since June 2016. Mr. Malafronte is a Founding Partner of International Value Advisers, LLC (22IVA22) and served as Managing Partner for 13 years until December 2020. He was responsible for overseeing all aspects of IVA, including company strategy and managing resources. He also served as President of IVA Funds. Prior to founding IVA in 2007, Mr. Malafronte was a Senior Vice President at Arnhold and S. Bleichroeder Advisers, LLC where he worked for two years as a senior analyst for the First Eagle Funds, owned by Arnhold & S. Bleichroeder Advisers, LLC. There he worked under Charles de Vaulx and Jean-Marie Eveillard within the Global Value Group for the value funds, including the First Eagle Overseas, Global, U.S. Value Funds as well as the offshore funds, inclusive of the Sofire Fund Ltd. Similarly, he was responsible for covering the oil and gas, media, real estate, financial services, and retail industries on a global basis, as well as companies within the United Kingdom, Germany, and Japan. Moreover, Mr. Malafronte was responsible for covering the larger names within the portfolio such as Pargesa Holdings, ConocoPhillips, Petroleo Brasileiro, SK Corp., News Corp., Dow Jones, and Comcast. Prior to the First Eagle Funds, Mr. Malafronte worked for nine years as a Portfolio Manager at Oppenheimer & Close, a dually-registered broker dealer and investment adviser; an adviser on three domestic hedge funds, one offshore partnership and a registered investment adviser and broker dealer. While at Oppenheimer & Close, Mr. Malafronte assisted in the launch of a domestic hedge fund in 1996 and an offshore partnership in 1998. Mr. Malafronte was responsible for all facets of portfolio management for the investment partnerships, including idea generation, in-depth research, and stock selection. In addition to that, he was also responsible for hiring and training both operations staff and research analysts. Mr. Malafronte earned his bachelor27s degree in Finance from Babson College. Board Service Mr. Malafronte has previously served on the boards of two publicly traded companies: Bresler & Reiner Inc. (2002-2008) and Century Realty Trust (2005-2006). Relevant Experience Mr. Malafronte27s experience as a financial analyst covering institutions globally, and as a founder of a global investment firm, provides the Board with a firm understanding of Adtalem27s shareholders27 perspective and deeply informs Adtalem27s financial planning.
2022-10-14	Michael W. Malafronte, Independent, Senior Advisor, Derby Copeland Capital, Age: 48, Director since: 2016, Committees: Compensation (Chair), Audit and Finance
2023-10-06	Mr. Malafronte has been a director of Adtalem since June 2016. Mr. Malafronte has served as a Senior Advisor to Derby Copeland Capital since September 2022. The Chairman of the Board is entitled to an additional annual retainer of $120,000 for his service. Mr. Malafronte waived his receipt of the cash retainer for fiscal year 2023 (including the additional cash retainer for his service as Chairman).
2024-10-17	Michael W. Malafronte, Independent, Chairman of the Board, Adtalem Global Education Inc., Senior Advisor, Derby Copeland Capital, Age: 50, Director since: 2016, Committees: Compensation (Chair). Director compensation: Fees Earned or Paid in Cash: $166,875, Stock Awards: $139,960, Total: $306,835.