Richard A. von Gnechten is currently our Chairman of the Board, and serves as WaterStone’s President. He has a passion for helping Christian leaders realize their Kingdom calling to fulfill the Great Commandment and Great Commission. Rick has nearly three decades of senior financial executive experience for public (NYSE, OTC), private, Fortune 600, emerging growth, and international companies in various industries, including financial services, energy, real estate/construction, healthcare, software, diversified business and non-profit. Prior to joining WaterStone, Rick spent 10-years as CFO/COO for a registered investment advisor, growing assets under management from $400 million to $1.2 billion. He previously spent six years running an executive consulting firm and serving as CFO to various public and private companies, providing corporate finance, capital-raising, strategic planning and transaction support services.

Rick has also served as CFO for a 2-billion, NYSE diversified U.S. public company and previously led customer operations and strategic planning for this same Fortune 600 corporation. He operated and turned around two healthcare businesses and installed an ESOP for a professional corporation. Rick has served on numerous boards (public and private), including nine years for two different Christian schools. He is a two-time graduate and trained coach of The Master’s Program. He has taught Investment and Strategic Planning as adjunct faculty for undergraduates and MBA students. Rick has served as a deacon and Sunday School teacher for his Church. Rick holds an MBA from Dartmouth’s Tuck School of Business, is a Financial Management Program graduate of Stanford’s Graduate School of Business and holds a BA in Economics from the University of Denver. He and his wife Denice have three adult children and six grandchildren.

Mr. Atsinger served as Executive Chairman of the Board and a director of each of our subsidiaries since their inception through December 31, 2025, and remains a Director of the Company. He was previously our Chief Executive Officer and a Director. He was President of Salem from its inception through June 2007. He has been engaged in the ownership and operation of radio stations since 1969 and currently serves as a Partner of Salem Broadcasting Company, Sonsinger Properties, and Sonsinger Broadcasting Company of Houston, L.P.; as the manager/member of Greenbelt Property Management and EGA Investments; and as President of Sonsinger/Management, Inc. Mr. Atsinger was a member of the board of directors of the National Association of Broadcasters Radio board of directors from 2008 through 2014. In October 2018, Mr. Atsinger was elected Chairman of the Radio Music License Committee and served in that capacity until stepping off the Committee in December 2025. Mr. Atsinger has been a member of the board of directors of Oaks Christian School in Westlake Village, California since 1999. Mr. Atsinger is the brother-in-law of Stuart W. Epperson (former Director). Additionally, Mr. Atsinger is the father of Edward C. Atsinger (current Director) and uncle of Stuart W. Epperson Jr. (current Director). As one of our co-founders, Mt. Atsinger provides the Board with extensive and valuable radio and senior executive leadership experience, business development, experience and insight into our background and vision. His long-standing association with and service on mini broadcasting-related boards of directors over the years also provide provides valuable radio and new media experience, as well as an understanding of the broader needs and challenges facing our industry.

Edward C. “Ted” Atsinger is co-founder and Chief Production Officer of Greytek, LLC, a counterintelligence and security services company focusing on the Defense and Industrial Security sectors, since 2014. A veteran of multiple combat deployments, Mr. Atsinger dedicated himself to serving the interests of national security after the terrorist attacks of September 11, 2001, serving with distinction as a professional Counterintelligence Officer assigned to and supporting the United States Intelligence and Special Operations communities. Prior to his national security career, Mr. Atsinger worked as a Senior Producer in Salem’s National News and Public Affairs Department. Mr. Atsinger holds a BA/MA (Oxon) in Philosophy and Theology from Oxford University, England. He has been a member of the Board of Directors of Rockbridge Academy, a classical Christian school in Millersville, Maryland since 2010. He also currently serves as the Chairman of the Board of Trustees for the Ballet Theatre of Maryland, Maryland’s premier professional ballet company, where he has been a member of the board since 2017. Mr. Atsinger is the son of Edward G. Atsinger III. Additionally, he is the cousin of Stuart W. Epperson Jr. Mr. Atsinger was previously a Director of the Company from 2016 to 2019.

Stu Epperson Jr. is the author of First Words of Jesus: From the Cradle to the Cross, Last Words of Jesus: First Steps to a Richer Life, and founder and president of The Truth Network, with radio stations across North Carolina, central Iowa, and Salt Lake City. Truth Network also develops and syndicates programs on more than three hundred affiliates nationwide. Stu hosts Truth Talk Live, his own nationally syndicated show. In his spare time, he enjoys coaching and playing basketball. Stu lives in North Carolina with his family. 

Heather W. Grizzle is a founding partner of Causeway Strategies, a boutique consulting firm that helps individuals, organizations and corporations to communicate, connect and advance their objectives more effectively. Her background includes work in the White House and the U.S. House of Representatives, as well corporate communications in New York and charity sector communications in London. She graduated cum laude with high honors in Economics from Harvard University, where she was Co-President of the Institute of Politics. Ms. Grizzle is Vice Chairperson of the Board of Trustees of Stewardship and a member of the Boards of Innovations for Poverty Action, Alpha USA, KidsMatter, and Charity Vest.

Mr. Halvorson was appointed the President of Trinity International University in January 2026. In addition to his presidency, he remains Dean of Trinity Law School, a role he previously held from 2016 to 2019 before returning in 2022. Mr. Halvorson was anAdjunct Professor at the Pepperdine University School of Law for the 2006-2007, 2009-2010, 2010-2011, and 2013-2014 academic years. He was an Executive in Residence at Pepperdine University Seaver College of Letters, Arts and Sciences from 2000-2003 and from 2005-2007. Mr. Halvorson was our President and Chief Operating Officer from 2007-2008, our Chief Operating Officer from 1996-2000 and our Executive Vice President from 1991-2000. From 1991-1999 and 1985-1988, Mr. Halvorson also served as our General Counsel. Mr. Halvorson was the managing partner of the law firm of Godfrey & Kahn, S.C.-Green Bay from 1988 until 1991. From 1985 to 1988, he was our Vice President and General Counsel. From 1976 until 1985, he was an associate and then a partner of Godfrey & Kahn, S.C.-Milwaukee. Mr. Halvorson was a Certified Public Accountant with Arthur Andersen & Co. from 1971 to 1973. Mr. Halvorson was previously a member of the board of directors of Intuitive Surgical, Inc., from 2003 to 2016 and Pharmacyclics, Inc. from 2011 to 2015. Mr. Halvorson was previously our Director from 1988 to 2008. Mr. Halvorson brings valuable legal and financial expertise and extensive historical knowledge of the Company to the Board. He has also served as a board member for several for-profit companies which enables him to bring relevant cross-board experience to us.

Jacki L. Pick is founder and host of The Jacki Daily Show, an educational media offering created in 2014 and airing on BlazeMedia, on the dial in Texas, and podcast on most major outlets. From 2017 to 2021, Pick also served as a Senior Fellow in energy and environment policy at the Texas Public Policy Foundation, the nation’s largest state-based public policy organization. Previously, Ms. Pick served as Chief Operating Officer and Executive Vice President for a free market think tank, overseeing legal and compliance matters from 2015 to 2017. She worked as General Counsel to an engineering firm specializing in renewable energy, national security and environmental cleanup from 2013 to 2014. From 2006 to 2013, she served as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as an Assistant Vice President for a national bank and as a corporate defense litigator.

Along with a BS in Business Administration and 30 years of business experience, Mr. Renacci is a former Member of the United States Congress who served on the Ways and Means Committee, Financial Services Committee, and Budget Committee. While a member of the Financial Services Committee Mr. Renacci was Vice Chairman of the Banking Sub Committee. During his tenure in Washington, he was the author of several common-sense pieces of legislation and was one of the architects of the 2017 Tax Cuts and Jobs bill. He is an entrepreneur, business owner, author, and job creator. A proven leader respected throughout Ohio, Mr. Renacci has built a positive reputation in the business community over a 30-year career. An acclaimed specialist in health care management, mergers & acquisitions, financing and banking, he has owned and operated more than 60 entities, created more than 1,500 jobs and employed more than 3,000 people. His business experience includes manufacturing, health care services, construction, entertainment and CPA consulting services.

Mr. Riddle has been a Director of the Company since September 1997. Mr. Riddle is an independent businessman specializing in providing financial assistance and consulting to individuals and manufacturing companies. He was President and majority stockholder of I.L. Walker Company from 1988 to 1997 when that company was sold. He also was Chief Operating Officer and a major stockholder of Richter Manufacturing Corp. from 1970 to 1987. In October 2010, Mr. Riddle joined the Board of Directors of Truth for Life, a non-profit organization that is a customer of the Company. Additionally, in 2010, Mr. Riddle joined the Board of Directors of Know the Truth, a non-profit organization that is also a customer of the Company.