On January 11, 2019, Jeffrey M. Stibel notified the Board of Directors (Board) of AutoWeb, Inc. that, effective immediately, he was resigning his position as a member of the Board and from its Compensation Committee and Corporate Governance and Nominations Committee. Appointment of Chan Galbato as a Director of the Company. On January 11, 2019, the Board appointed Chan Galbato to the Board as a Class I director to fill the vacancy created by the resignation of Mr. Stibel, effective immediately. Mr. Galbatos term as a director will expire at the Company's annual meeting of stockholders in 2020. Mr. Galbato was also appointed as a member of the Boards Compensation Committee and Corporate Governance and Nominations Committee. Mr. Galbato is Chief Executive Officer of Cerberus Operations and Advisory Company, LLC. Prior to joining Cerberus in 2009, he served as President and CEO of the Controls Group of businesses for Invensys plc. Mr. Galbato previously served as President and Chief Executive Officer of Armstrong Floor Products, President of Services for The Home Depot, and President and Chief Executive Officer of Choice Parts LLC. He spent 14 years with General Electric Company, holding several operating and finance leadership positions within its various industrial divisions as well as holding the role of President and CEO of Coregis Insurance Company, a G.E. Capital company. Mr. Galbato currently serves as Chairman of Avon Products, Inc., as Director of Blue Bird Corporation, DynCorp International, Electrical Components International, FirstKey Homes, LLC, New Avon LLC, Staples Solutions B.V., and Director on the Executive Committee of Steward Health Care, LLC. Previously, Mr. Galbato served as Director of the publicly traded Brady Corporation for seven years, including as Lead Director. He also served as Director of Tower International, Inc., and Chairman to North American Bus Industries, Inc., Guilford Mills and YP Holdings LLC until their respective changes in ownership.