DiamondHead Holdings Corp. announced that on August 2, 2022, Keith Feldman, the Chief Financial Officer resigned from his position as a member of the Board of Directors of the Company and any committees thereof. Mr. Feldman's resignation from the Board did not result from any disagreement with the Company.

Mr. Feldman will continue to serve as the Chief Financial Officer of the Company. On August 2, 2022, to fill the vacancy arising from Mr. Feldman's resignation, the Company appointed Michael Bayles to the Board as a Class III director. Mr. Bayles is expected to serve for a term expiring at the Company's third annual general meeting of stockholders and until his successor is elected or qualified, subject to Mr. Bayles' earlier death, resignation, retirement, disqualification or removal.Since March 11, 2022, Mr. Bayles has served as a director of EVO Transportation & Energy Services Inc., and previously served as a director and chief restructuring officer from October 2020 to March 2021 and restructuring advisor from May 2020 to October 2020.

Mr. Bayles has served as a vice president of investments of Slam Corp, a special purpose acquisition company, since March 2021. Mr. Bayles previously served as an analyst at Antara Capital LP from May 2018 until May 2020, and as a credit analyst at GLG Partners from May 2016 to December 2017. Prior to GLG Partners, Mr. Bayles was a vice president at Avenue Capital Group from September 2008 to April 2016.

Mr. Bayles has a bachelor's degree in economics from the Wharton School of the University of Pennsylvania.