Brian Gary Rafn

Director of Research - Equity at

Morgan Dempsey Capital Management LLC

Finance

Utilities

Consumer Services

Profile

Mr. Brian G.
Rafn is a Principal & Director of Research at Morgan Dempsey Capital Management LLC.
He joined Morgan Dempsey in October of 2003.
He has over 30 years of experience in securities analysis, portfolio management, trading and trust accounting.
He is responsible for the securities analysis, portfolio management, and investment policy related to the Small/Micro-Cap Value Strategy.
Mr. Rafn was previously employed as a Principal by Sparta Capital Ltd., a Vice President by Kyle Financial Services, Inc., a Senior Bond Trader by Harris Bank & Trust Co., and a Financial Consultant by Smith Barney Harris Upham & Co., Inc. He received his undergraduate degree from the University of Wisconsin and an MBA from the University of Wisconsin.

Brian Gary Rafn active positions

Companies	Position	Start
Morgan Dempsey Capital Management LLC Morgan Dempsey Capital Management LLC Investment ManagersFinance Morgan Dempsey’s equity investing strategies apply a value discipline and a fundamental research approach with the goal of producing a defensive portfolio that generates competitive risk-adjusted and absolute returns over a market cycle.	Director of Research - Equity	30/09/2003

All active positions of Brian Gary Rafn

Former positions of Brian Gary Rafn

Companies	Position	End
SPARTA CAPITAL LTD.	Corporate Officer/Principal	30/12/2002
Kyle Financial Services, Inc. Kyle Financial Services, Inc. Investment ManagersFinance Provides investment advice	Corporate Officer/Principal	30/12/2000
Harris Bank & Trust Co.	Corporate Officer/Principal	30/12/1991
Smith Barney Harris Upham & Co., Inc. Smith Barney Harris Upham & Co., Inc. Investment Banks/BrokersFinance Provides securities brokerage services	Corporate Officer/Principal	30/12/1986

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Linked companies

Private companies	6
Morgan Dempsey Capital Management LLC Morgan Dempsey Capital Management LLC Investment ManagersFinance Morgan Dempsey’s equity investing strategies apply a value discipline and a fundamental research approach with the goal of producing a defensive portfolio that generates competitive risk-adjusted and absolute returns over a market cycle.	Finance
Sparta Capital Ltd. Sparta Capital Ltd. Electric UtilitiesUtilities Markets hydrogen generating systems	Utilities
University of Wisconsin University of Wisconsin Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Smith Barney Harris Upham & Co., Inc. Smith Barney Harris Upham & Co., Inc. Investment Banks/BrokersFinance Provides securities brokerage services	Finance
Harris Bank & Trust Co.
Kyle Financial Services, Inc. Kyle Financial Services, Inc. Investment ManagersFinance Provides investment advice	Finance