On August 26, 2015, the Board of Directors of Imation elected Robert Searing and Alex Spiro as Class II members of the Board of Directors, effective as of August 26, 2015 with a term expiring at the annual meeting of shareholders to be held in 2016. Mr. Searing will be a member of the Audit and Finance and the Nominating and Governance Committees. Mr. Spiro will be a member of the Audit and Finance and the Compensation Committees.

On August 31, 2015, the Board of Directors of Imation elected Tracy McKibben as a Class III member of the Board, effective as of August 31, 2015 with a term expiring at the annual meeting of shareholders to be held in 2017. Ms. McKibben will be a member of the Nominating and Governance and the Compensation Committees. Mr. Searing has been the Chief Operating Officer and the Chief Financial Officer of BH Asset Management, LLC.

Ms. McKibben has been President of MAC Energy Advisors LLC since January 2010. The Board has determined that both Mr. Spiro and Mr. Searing are independent under the rules of the New York Stock Exchange and the Securities and Exchange Commission and meet the further Audit Committee standard required SEC Rule 10A-3.