On September 27, 2023, Franklin Covey Co. (the Company) appointed Mr. Efrain Rivera to its Board of Directors, effective immediately. Since June 2011, Mr. Rivera has served as Senior Vice-President, Chief Financial Officer, and Treasurer at Paychex.

During Mr. Rivera?s tenure, Paychex has grown from $2 billion in revenue to approximately $5 billion and has transformed into a leading Human Capital Management firm with a market value exceeding $40 billion. Prior to joining Paychex, Efrain served as Corporate Vice President and Chief Financial Officer at Bausch & Lomb, where his responsibilities ranged from managing commercial operations in Latin America and Canada, to leading finance for the global vision care division, to overseeing the firm?s treasury operations, including a $600 million investment portfolio. Mr. Rivera holds a Doctorate of Management degree from Weatherhead School of Management at Case Western Reserve University.

He received an MBA from the William E. Simon Graduate School of Business at the University of Rochester, and a Juris Doctor degree from New York University. Mr. Rivera is a Certified Management Accountant (CMA) and certified in financial management (CFA). Mr. Rivera currently serves on the Board of Jones Lange LaSalle Inc. In 2022 Mr. Rivera was named a Business Icon by The Rochester Business Journal.

Mr. Rivera will be compensated for his services in accordance with the Company?s compensation program for directors as set forth in the Company?s proxy statement filed with the Securities and Exchange Commission on December 19, 2022. Mr. Rivera is an independent director under applicable NYSE regulations and has been appointed to the Company?s Audit Committee.