Description of Advisory Firm Argyle Capital Management was incorporated in 1983. James M. Miller, III, founder and president is the firm's principal owner. We do not act as a broker, investment banker or financial planner, but provide portfolio management service on a fee basis. On occasion, Argyle may furnish investment advice through consultations on comparative performance results. We do not hold any cash or securities for our clients, but work directly with the client's custodian, whether a bank or a brokerage firm. We tailor our advisory services to the individual needs of clients. Before any investment decisions are made for a new portfolio, we will meet with a client to determine specific needs, investment objectives, constraints (such as restrictions on investing in certain securities or types of securities), and risk parameters. We also take into consideration an overview of the client's combined managed assets with Argyle, the taxable nature of the portfolio, and the level of diversification among the client's assets. We then provide personalized asset allocation guidance, and an appropriate asset mix and investment strategy is determined. Argyle does not construct client portfolios according to a specific model or within a set time frame. We do not participate in any wrap fee programs. We believe most substantial investors are better served by a diversified portfolio of individual securities than by mutual funds, ETF's or commingled trusts. Argyle's equity management emphasizes the stocks of companies that we believe to be undervalued in the market. Fixed income instruments may be employed in equity portfolios for the investment of cash reserves and in balanced portfolios to dampen portfolio volatility, limit principal risk and achieve income. We consider cash/money market funds to be an actively managed asset class and include it in our fee calculation. The types of investments Argyle Capital offers advice on include: equity securities, exchange-listed securities, securities traded

over-the-counter, and foreign issues; warrants; corporate debt securities; commercial paper; certificates of deposit; municipal securities; mutual funds shares of investment companies; exchange traded funds; United States government securities; and option contracts on securities. As of February 29, 2024 the amount of client assets under management was $324 million. All of these assets were managed on a discretionary basis. Additional Information Privacy Policy - Argyle collects non-public information about clients at the beginning of its relationship with them. The only circumstances in which this information is disclosed to a third party is when this type of information is needed to open a brokerage account at a brokerage or custodian firm at the direction of the client and when it is legally required. At no other time is non-public personal information shared with third parties about current or former clients. Argyle ensures and exercises the highest degree of integrity in protecting the confidentiality and security of non-public information about its clients both physically (our office building and documents) and electronically (data files). We maintain a privacy policy dictating this integrity that is made available to clients annually and to employees continually.
Argyle Capital Management, Inc. Page 5 Additional Information - Continued Disaster Recovery and Contingency Plan - Argyle recognizes the fiduciary responsibility we have to our clients and is committed to fulfilling those duties even in times of disaster and emergency. Therefore we have developed and implement a disaster recovery and contingency plan. Argyle's entire staff meets annually to discuss, review and maintain this plan. We have established a contingent recovery site in case a disaster occurs at our primary location. Argyle Capital Management, Inc.