On February 5, 2016, the board of directors of the Imation Corp. elected Donald H. Putnam as a Class III member of the board of directors, effective as of February 5, 2016, with a term expiring at the annual meeting of shareholders to be held in 2017. Mr. Putnam will not currently serve on any Board committees.

Mr. Putnam is managing partner of Grail Partners LLC (an investment banking and financial advisory services company), which he founded in early 2005. From 1987 to 2002, he was the chief executive officer, chairman of the board, and managing director of Putnam Lovell Securities Inc. (a financial services company), which he founded in 1987. Putnam Lovell was sold to National Bank Financial in 2002 and from 2002 until 2005 Mr. Putnam served as CEO and vice chairman of Putnam Lovell NBF.