Longleaf Partners Small Cap Fund — Longleaf Partners Funds — Shareholder Meeting (May 2012)

5 slides from Longleaf Partners Small Cap Fund's shareholder meeting presentation, May 1, 2012

Slide 1: Longleaf Partners Funds Annual Shareholder Presentation
Longleaf Partners Funds Annual Shareholder Presentation May 1, 2012
Slide 2: Important Disclosure Information
Important Disclosure Information Longleaf Average annualPartners Funds total returns for each of the Longleaf Partners Funds and their respective benchmarks for the one, five, ten year, and since inception periods ended March 31, 2012 are as Annual follows: Shareholder Longleaf Partners Fund,Present
Slide 3: Agenda
Agenda Introduction Lee Harper Long-Term Compounding & Risk Mason Hawkins Defeasement Research Introduction Staley Cates Perspective on Southeastern Jim Thompson Investment Cases Scott Cobb Ross Glotzbach Ken Siazon Q&A Mason Hawkins Staley Cates
Slide 4: Longleaf Board of Trustees
Longleaf Board of Trustees Tenure Position Chad Carpenter 19 Years Trustee Mars Child 11 Years Trustee Dan Connell 15 Years Trustee Rex Deloach 9 Years Chair of Audit Committee Mason Hawkins, CFA 25 Years Co-Portfolio Manager Steve Melnyk 21 Years Trustee Barham Ray 20 Years Trustee Perry Steger 11
Slide 5: Governing Principles
Governing Principles We will treat your investment as if it were our own. We will remain significant investors in Longleaf Partners Funds. We will invest for the long-term, while striving to maximize returns and minimize business, financial, purchasing power, regulatory and market risks. We will cho