On August 22, 2019, Bruce R. Foster, the Chief Financial Officer of Asta Funding, Inc. (the Company), informed the Company that he intends to resign his employment with the Company. The Company is undertaking a search to find Mr. Foster's successor. Mr. Foster's resignation as Chief Financial Officer will be effective on September 22, 2019 and the Company and Mr. Foster are discussing a consulting arrangement by which Mr. Foster would provide certain services to the Company in order to ensure an orderly transition of his duties to his successor.