Investors

Michael S. Liebowitz has served on the Board of Directors since October 2022. Mr. Liebowitz is the founder and managing principal of M2A Family Office, a private investment firm established in 2018 to exclusively manage his assets and philanthropic activities.

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Mr. Liebowitz graduated from CW Post College-LI University with a B.S. in Finance and is the Company’s largest shareholder.

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Michael A. Feinstein, M.D, has served as Chairman of the Board of Directors since December 1999 and as Chief Executive Officer since February 2000. Dr. Feinstein has represented Nocopi in numerous licensing negotiations, governmental meetings and capital financings.

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He has been a practicing physician in Philadelphia for more than thirty years and is a Fellow of the American College of Obstetrics and Gynecology. He received his B.A. from LaSalle University and his M.D. from Sidney Kimmel Medical College at Thomas Jefferson University.‍

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Matthew Winger has served on the Board of Directors since March 2022 and as Executive Vice President of Corporate Development since October 2022 where he focuses on business development initiatives. Mr. Winger is the Director of Investments for M2A Family Office, where he evaluates public and private market investment opportunities for equity, debt, and real estate sectors, as well as provides support to portfolio investments across operations and company management.

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Prior to joining M2A Family Office, Mr. Winger held various investing and finance roles at Fairholme Capital Management, TIAA-CREF, Loeb Partners and Countrywide Commercial Real Estate Finance. Mr. Winger earned a Bachelor of Science degree from the Kelley School of Business at Indiana University and an M.B.A. from New York University’s Stern School of Business. He is a CFA Charterholder and a member of the CFA Society Miami, as well as a volunteer with Big Brothers Big Sisters of Miami.

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Marc Rash has served on the Board of Directors since September 2017. Mr. Rash is the Executive Vice President of Keystone Property Group, a Real Estate Development Company with over 10 million square feet of commercial real estate and a $2 billion Real Estate Fund. Mr. Rash, who joined Keystone in 1994, has extensive dealings with numerous lenders and investors as well as significant real estate experience, including the redevelopment of apartments, shopping centers and industrial/office space.

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Previously, Mr. Rash was an agent with the IRS specializing in auditing large corporations and high-net-worth individuals. Mr. Rash graduated from the University of North Carolina with a Bachelor of Science in Accounting and received his Juris Doctor degree from Delaware Law School. He is a member of the Pennsylvania Bar Association and the American Institute of Certified Public Accountants.

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Joe Raymond has served on the Board of Directors since October 2021. Mr. Raymond is an Investment Analyst at Santa Monica Partners who specializes in small/micro-cap equity research and buying/selling illiquid securities.

He has held this position since August 2020. Prior to that time, Mr. Raymond served as a Research Associate and a Research Consultant at Brandes Investment Partners where he was responsible for performing fundamental company-level research and valuation. Mr. Raymond received a BS in Finance from Dixie State University.

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Jackie Goldman has served on the Board of Directors since January 2023. Ms. Goldman is the CEO and President of Puzzles Plus, Inc., which she founded over 33 years ago. Puzzles Plus, headquartered in Jacksonville, FL, designs and manufactures custom puzzles for museums, corporations, children’s products catalogs, resorts, national parks, and non-profit organizations.

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Prior to starting Puzzles Plus, Ms. Goldman was an International Trade banker in New York and Florida. She holds a bachelor’s degree in International Marketing from Bernard Baruch City College in New York City. Ms. Goldman is involved in her local community through volunteer support of United Way and JFCS.

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