AmBase Corporation announced that the company's Board of Directors appointed Mr. Kenneth M. Schmidt and Mr. Theodore T. Horton, Jr. to the company's Board of Directors, effective as of March 18, 2013. Mr. Horton and Mr. Schmidt were also appointed as members of the company's Accounting and Audit Committee and Personnel Committee. Mr. Schmidt was formerly a Managing Director at Dillon Read & Co.

and UBS and held several institutional sales trading positions. He currently serves as a member of the Rutgers University Board of Governors. Mr. Horton is currently a Managing Director of BCI Partners and is currently a director of various media and broadcast companies.

Previously, Mr. Horton was a Managing Director at Dillon Read & Co., and held various investment positions with Barclays Bank and Home Life.