On March 31, 2020, Samuel R. Young, a member of the Board of Directors of OceanFirst Financial Corp., notified the company that he will be retiring from the Boards of the company and OceanFirst Bank, N.A., the company's banking subsidiary (the “Bank”), effective immediately, in order to devote his full attention to his businesses. Director Steven E. Brady was not nominated for re-election and his term as Director of the company and the Bank will expire at the 2020 Annual Meeting.