May 4. 2021

Ownership Changes/Succession Strategy

To all CAPIS Employees/Clients:

In a move designed to ensure our long-term success and stability, Capital Institutional Services, Inc. (CAPIS) is proud to announce the initiation of a two-step succession strategy.  It is important to note that the Potts family will retain control of the firm and that these changes will only serve to improve our core businesses: global execution services, commission management, outsourced trading, and transition management.

Step One, characterized by the shift of majority ownership to Cullen Potts, was effective May 1, 2021.  Cullen has worked with CAPIS for over 20 years and brings a wealth of outside business experience to the table.  “Cullen’s enthusiastic, hands-on approach is well known within the CAPIS family.  We are excited to have Cullen taking the reins,” Ann Sebert, CEO.

Step Two is Employee Ownership.  Targeting year end, CAPIS intends to implement employee ownership opportunities.  “While the structure and timing have not been finalized, it is my intent to provide ownership opportunities to those that have helped me build this wonderful organization,” Don Potts, Founder and Chairman of the Board.

As a result of these exciting changes, CAPIS will be withdrawing our Women’s Business Enterprise National Council (WBENC) certification.

For further questions contact:

John D’Antona Jr.

Director of Marketing

214.922.3250

[email protected]