Announces Leadership Transition Plan

GREENWICH, Conn., May 01, 2024--(BUSINESS WIRE)--Sound Shore Management, Inc., a boutique asset manager, announced that effective today, David Bilik and Peter Evans will be named Portfolio Managers. Messrs. Bilik and Evans, both Partners of the Firm, have been with Sound Shore for 21 years and 19 years, respectively. They are veteran securities analysts and long-term members of Sound Shore’s Investment Committee.

Sound Shore’s focused, disciplined fundamental value strategy has been team-managed since its founding in 1978. David and Peter will also join Harry Burn III, T. Gibbs Kane, Jr., and John P. DeGulis as Portfolio Managers of the Sound Shore Fund.

Sound Shore’s President, John DeGulis, said, "David and Peter have grown into their roles over the past two decades and have proven to be significant contributors to the investment team and Sound Shore’s investment process. This announcement reflects their long-term success for Sound Shore’s clients, and I am confident they will continue to leverage their deep investment expertise to help drive superior client outcomes in the future."

"This recognition is well deserved. David and Peter have taken on lead-analyst roles for many of the investments that have driven the performance of our portfolio, giving our clients the best chance for investment success," commented Gibbs Kane.

"These appointments affirm the continuity of Sound Shore’s investment philosophy, research process and culture. They also reflect the Firm’s commitment to a gradual, orderly and transparent approach to leadership transition," said Harry Burn.

Leadership Transition

Effective May 1, 2024, Mr. Burn will step down as Chairman of the Sound Shore Fund Board of Directors and will be replaced by Mr. Kane, who has been President of the Fund since its inception. Meanwhile, President and Portfolio Manager, John DeGulis will join the Fund Board as President.

Sound Shore’s founders Burn and Kane will remain portfolio managers through the end of 2024. At that time, they will continue to participate as advisors to the Investment Committee. Burn and Kane will remain Co-Chairmen and shareholders of Sound Shore Management, Inc.

For further information, please visit www.soundshorefund.com.

About Sound Shore Management, Inc.

Founded in 1978, Sound Shore Management, Inc. is an independent and employee owned investment manager. Our clients are primarily institutions and private wealth advisors.

Our large-cap equity strategy, Disciplined Fundamental Value, has been unchanged for over 45 years.

Headquartered in Greenwich, Connecticut, Sound Shore Management, Inc. has been adviser to the Sound Shore Fund, a no-load mutual fund, since its inception in 1985.

Investing involves risk. Loss of principal is possible. Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus, a copy of which may be obtained by calling (800) 551-1980 or visiting the Fund's website www.soundshorefund.com. Please read the prospectus and summary prospectus carefully before you invest. Foreside Fund Service, LLC, Distributor.

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Contacts

Mayo T. Smith
(203) 629-1980