On March 25, 2022, Laurie Ann Goldman informed the Board of Directors of Guess?, Inc. that she will not stand for re-election to the Board at the Company's 2022 Annual Meeting of Shareholders because of significant other professional commitments, including being recently appointed to serve as Chair of another company's board. Ms. Goldman will continue to serve on the Board until the Company's 2022 Annual Meeting of Shareholders. Ms. Goldman's decision to not stand for re-election is not the result of any disagreement with the Company over any matter relating to the operations, policies or practices of the Company.

Ms. Goldman advised the Board that given her decision not to stand for re-election, she will abstain from voting on the proxy and director nominations and other recommendations as she believes those matters are best handled by the continuing directors.