Thomas B. Akin has been a director of Dynex Capital, Inc. since May 2003, chairman since May 30, 2005, and on February 4, 2008 accepted the position of chief executive officer of the company. He also founded and has served as the managing member of Talkot Capital, LLC, located in Sausalito, California since 1995. From 1981 to 1994, Mr. Akin held various positions at Merrill Lynch Institutional Services. Prior to Merrill Lynch, he was an employee of Salomon Brothers from 1978 to 1981. Mr. Akin currently serves on the board of See Kai Run. He previously served on the boards of Acacia Research Corporation, Advance Data Exchange, Centiv Services, Inc., CombiMatrix Corporation, and eFAX.com. Mr. Akin holds a B.A. from the University of California at Santa Cruz and an M.B.A. from the Anderson School of Management, UCLA.