Centric Brands Inc. announced on the Effective Date, Marjorie Bowen, Sherman K. Edmiston III, Patrick J. Bartels, William Sweedler, Matthew Eby, Glenn Krevlin, Walter McLallen, and Kent Savage ceased to be directors of the Company (collectively, the “Departing Directors”). Each of the Departing Directors’ decision to resign was not related to a disagreement with the Company over any financial reporting, internal control, accounting or auditing matters. Mitchell Goldstein, Randall Kessler, Vikas Keswani, Kelley Morrell, Robert Petrini, Jason Rabin, and Andrew Sagat were designated as members of the Board of Managers of Reorganized Centric on the Effective Date.