AllianceBernstein Corporation is the general partner of AllianceBernstein Holding L.P. (AB Holding) and AllianceBernstein L.P. AB Holding's and AllianceBernstein's activities are managed and controlled by the Corporation. The board of directors of the Corporation (acts as the board of directors for each of AB Holding and AllianceBernstein. Equitable Holdings, LLC (the Stockholder)) is the sole stockholder of the Corporation.

On April 28, 2017, the Stockholder acted by written consent to remove the following nine directors from the Board: Christopher M. Condron, Steven G. Elliott, Deborah S. Hechinger, Weston M. Hicks, Heidi S. Messer, Scott A. Schoen, Lorie A. Slutsky, Joshua A. Weinreich and Peter S. Kraus. Following this action by the Stockholder, Denis Duverne and Mark Pearson remain on the Board. On April 29, 2017, the Stockholder acted by written consent to elect the following six directors to the Board: Seth Bernstein, Ramon de Oliveira, Barbara Fallon-Walsh, Daniel Kaye, Anders Malmstr m and Robert Zoellick to the Board.

These six directors join Denis Duverne and Mark Pearson on the eight-member Board. Robert Zoellick was named Chairman of the Board. Daniel Kaye, Barbara Fallon-Walsh and Ramon de Oliveira were appointed to the Audit Committee.

Barbara Fallon-Walsh and Seth Bernstein were appointed to, and will join Denis Duverne on, the Corporate Governance Committee. Robert Zoellick, Barbara Fallon-Walsh and Daniel Kaye were appointed to, and will join Denis Duverne on, the Compensation Committee. Seth Bernstein and Ramon de Oliveira were appointed to, and will join Denis Duverne on, the Executive Committee.

On April 28, 2017, the Board terminated Peter S. Kraus from his position as Chief Executive Officer of AB. Seth Bernstein, age 55, was appointed as President and Chief Executive Officer of AB to provide services pursuant to an employment agreement effective May 1, 2017. From 2014 to 2017, Mr. Bernstein was Managing Director and Global Head of Managed Solutions and Strategy at JPMorgan Asset Management.