On August 2, 2021, the Board of Directors of the Artisan Partners Asset Management Inc. approved, effective August 13, 2021, an increase in the size of the Board from seven to eight directors and appointed Saloni S. Multani to fill the newly-created vacancy on the Board. Ms. Multani was also appointed to the Board's Audit Committee, effective August 13, 2021. Ms. Multani most recently served as the Chief Financial Officer of the Joe Biden presidential campaign, a position she held between May and November of 2020. On July 28, 2021, the Board of Directors of the Company appointed Stephanie G. DiMarco the independent Chair of the Board, effective August 13, 2021. Also effective August 13, Jennifer A. Barbetta will replace Ms. DiMarco on the Board's Compensation Committee.