On June 11, 2020, Wayne Barr, Jr. provided the Board of Directors (the “Board”) of CCUR Holdings, Inc. (the “Company”) with notice that he will take an indefinite leave of absence (the “Leave Period”) from his position as President of the Company while he serves as interim CEO of HC2 Holdings, Inc. during its search for a permanent CEO. Mr. Barr will continue to serve as a director of the Company but will not receive any compensation for his service as a director during the Leave Period. The unvested restricted stock and options granted to Mr. Barr during his term as CEO and President of the Company will continue to vest during the Leave Period so long as Mr. Barr continues his service as a board director. The Board approved the selection of Igor Volshteyn, age 43, to serve as interim Chief Operating Officer (“COO”) and President of the Company during the Leave Period. Since January 1, 2019, Mr. Volshteyn has served as Senior Vice President of Business Development of the Company. Mr. Volshteyn began his career as a research analyst and investment banker and has over 18 years of experience in the investment management industry. He served as the Managing Partner and Chief Investment Officer at Echelon Investment Partners LP from May 2016 to December 2018 and as an Analyst and Portfolio Manager at Millennium Management from July 2007 to March 2016. From August 2019 to February 2020, Mr. Volshteyn served on the board of directors for Goodman Networks, Inc. On June 11, 2020, the Board approved the appointment of Warren Sutherland, Chief Financial Officer (“CFO”) of the Company, to serve as the Company’s Principal Executive Officer (“PEO”) during the Leave Period. Mr. Sutherland will also continue to serve as the Principal Accounting Officer and Principal Financial Officer of the Company during his term as CFO. Mr. Sutherland, age 49, was appointed as Chief Financial Officer of the Company in May 2017. Prior to that, Mr. Sutherland had served as the Company’s Vice President of Sales Operations, Information Technology and Financial Planning & Analysis since 2016. Mr. Sutherland has more than 17 years of financial and operational leadership experience with public and private companies in the high-tech and fin-tech industries.