The chief executive officers of publicly-traded companies Live Oak Bancshares, Inc. (NASDAQ: LOB), Teladoc Inc. (NYSE: TDOC), and Vonage Holdings Corp. (NYSE: VG), have been named as the recipients of the eighteenth annual "E-3 Awards," presented by Emerald Asset Management at the 25 th annual Emerald Groundhog Day Investment Forum, held in Philadelphia on February 1, 2018.

Joseph Besecker, President of Emerald Asset Management said, "This unique award was created to recognize leaders who epitomize the qualities that are inherent in today's most successful business leaders - qualities that reflect an entrepreneurial spirit and a commitment to excellence," adding, "The award's name - E-3 - reflects these criteria: the Emerald Entrepreneurial and Excellence Award." Joseph Garner, Emerald's Director of Research for Emerald, said, "These leaders have taken risks and fueled innovation as they created jobs and built companies. They have worked tirelessly to reward their employees and shareholders. They are leaders in every sense of the word."

Through an intensive multi-faceted process, Emerald's team of research analysts and portfolio managers identified corporate leaders who have demonstrated:
  • A creative "outside the box" approach to corporate achievement;
  • An entrepreneurial approach that maximizes human initiative;
  • A corporate culture that promotes personal and corporate excellence;
  • A demonstrated record of accomplishment: creating jobs, stimulating growth, and enhancing shareholder value; and
  • An ability to effectively identify and adapt cutting-edge technologies and processes.

The 2018 winners of the E-3 Award are:

Public Company Executive Award :
  • Alan Masarek, Chief Executive Officer, Vonage Holdings Corp. (NYSE: VG)

Science and Technology Executive Award :
  • Jason N. Gorevic, Chief Executive Officer, Teladoc Inc. (NYSE: TDOC)

Green Company Award :
  • James S. "Chip" Mahan III, Chairman & CEO, Live Oak Bancshares, Inc. (NASDAQ: LOB)

Presented by Emerald Asset Management, Groundhog Day Investment Forum sponsors include Pepper Hamilton LLP, Sturdivant & Co., First National Bank/ FNB Corporation, Trout, Ebersole & Groff LLP, and Boenning & Scattergood. The first Emerald Investment Forum was held in 1994 and has grown to become the definitive yearly kick-off conference for investors focusing on small- and mid-cap companies. Next year's Emerald Groundhog Day Investment Forum is tentatively scheduled for February 7, 2019 in Philadelphia.

Founded in 1991, Emerald Asset Management, Inc. is a diversified investment management company that operates through its subsidiaries Emerald Advisers, Inc., Emerald Mutual Fund Advisers Trust, Emerald Separate Account Management LLC, Emerald Direct Lending Advisers LLC and EmStone Advisers LLC. Assets managed by these companies totaled approximately $5.4 billion as of December 31, 2017. "Driven by Research," Emerald employs an intense fundamental, research-focused investment philosophy and focuses primarily on growth- and value-oriented equity investing and income-oriented investing. Emerald and its subsidiaries maintain offices in King of Prussia and Pittsburgh, Pennsylvania, and Cleveland, Ohio. Its global headquarters are located in Leola, PA.

Emerald Asset Management, Inc.3175 Oregon PikeLeola, PA 17540717.556.8900800.722.4123

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