On February 23, 2023, Karin J. Kimbrough, who currently serves as a member of the Board of Directors of Bread Financial Holdings, Inc. (the “Company”) and the Board's Compensation & Human Capital Committee and Risk Committee, informed the Company of her decision not to stand for re-election at the Company's 2023 Annual Meeting of Stockholders, at which time her term as a director and committee member will expire. Ms. Kimbrough's decision not to stand for re-election is due to her other professional obligations and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company is grateful for Ms. Kimbrough's commitment and service to the Company and the Board.