On February 3, 2018, Carrols Restaurant Group, Inc. announced that Alexandre Macedo resigned as a Class A director of the company's Board of Directors, effective as of the close of business on February 5, 2018. Effective February 5, 2018, Burger King Corporation ("BKC") appointed Matthew Dunnigan, Chief Financial Officer of Restaurant Brands International Inc. (“RBI”), the indirect parent company of BKC, as a Class A director of the Board to fill the vacancy created by the resignation of Mr. Macedo. Mr. Dunnigan was appointed to the Board pursuant to BKC’s right to elect two members of the Board as Class A directors as set forth in the Certificate of Designation of the Series A Convertible Preferred Stock held by BKC. Mr. Dunnigan has been Chief Financial Officer of RBI since January 22, 2018. Mr. Dunnigan served as RBI’s Treasurer from October 2014 to January 22, 2018. Prior to joining RBI, Mr. Dunnigan served as Vice President of Crescent Capital Group LP from September 2013 to October 2014. Mr. Dunnigan brings significant experience with the strategic, financial and operational issues of restaurant companies in connection with his employment as an executive officer of RBI.