On August 5, 2022, Bradley G. Garner resigned as Principal Financial and Accounting Officer; Secretary of HG Holdings, Inc. (the “Company”). Mr. Garner will be focusing his efforts on his role as the Chief Financial Officer at Hale Partnership Capital Management, LLC and board member at National Consumer Title Insurance Company (“NCTIC”), Monarch National Insurance Company, and HC Government Realty Trust Inc. Mr. Garner's resignation was not due to any disagreement with the Company relating to the Company's operations, policies or practices. In connection with Mr. Garner's resignation, the board of directors of the Company (the “Board”) has elected Justin H. Edenfield to serve as Principal Financial and Accounting Officer; Secretary of the Company effective as of August 5, 2022.
Mr. Edenfield, age 42, has no family relationships with any other director or executive officer of the Company and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There are no arrangements or understandings between Mr. Edenfield and any other person pursuant to which he was appointed to serve as an officer of the Company. The compensation arrangements for Mr. Edenfield's new position have not yet been determined.
HG Holdings, Inc. is engaged in the business of providing title insurance and tile agency services. The Company's segments include title insurance, real estate, reinsurance, and management services. The title insurance segment issues title insurance policies and provides title agency services for residential and commercial real estate transactions. This segment also provides closing and/or escrow services to facilitate real estate transactions. The real estate segment is engaged in rental real estate through its equity investment in HC Realty. The management services segment, through its subsidiary, HG Managing Agency, LLC, is engaged in providing various management advisory services such as legal entity formation, licensure, regulatory approval, assumption of policies, and other general operational services. Its subsidiaries include National Consumer Title Insurance Company; National Consumer Title Group, LLC; Title Agency Ventures, LLC, and HG Managing Agency, LLC.
HG HOLDINGS, INC. 
