Clayton F. Moran is a Senior Vice President of The Benchmark Company, LLC. He serves as a Senior Analyst on Benchmark’s Internet, media and communications team, covering Internet advertising and infrastructure companies, and wireless tower companies. Prior to joining Benchmark, Mr. Moran spent five years as a Senior Analyst on Stanford Group Company’s Internet, media and communications research team. In 2005 he was named the fifth best overall stock picker in North America by Forbes.com/Starmine. Mr. Moran served as Chief Financial Officer of VDC Communications, a telecommunications company listed on the American Stock Exchange. Prior to VDC, he worked as a Stock Analyst at Smith Barney. In 2008 he was ranked as the top stock-picking “All-Star Analyst” by The Wall Street Journal in advertising and publishing, with a 61% positive return in his coverage universe versus a 34% plunge in his peer group and a 38% decrease in the S&P 500 Index. Mr. Moran graduated from Princeton University in 1993 and The Horace Mann School in 1989. His certifications include Series 7, 63, 65, 86 and 87.