On June 14, 2021 (the Closing Date"), pursuant to the terms of the Agreement and Plan of Merger (the Merger Agreement"), dated as of April 3, 2021, by and among Graham Holdings Company, a Delaware corporation (Parent"), Pacifica Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent (Merger Sub"), and Leaf Group Ltd., a Delaware corporation (the Company"), Parent completed its acquisition of the Company through the merger of Merger Sub with and into the Company (the Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. As of the Effective Time, in accordance with the Merger Agreement, each of Sean Moriarty, Deborah A. Benton, Jennifer Schulz, Beverly K. Carmichael, Rob Krolik, Suzanne Hopgood and Harold Logan resigned from the Company's board of directors and all committees thereof. Immediately following the Effective Time, Jacob Maas and Nicole Maddrey, the directors of Merger Sub immediately prior to the Effective Time, were appointed as directors of the Company. As of the Effective Time, in accordance with the Merger Agreement, the officers of the Company immediately prior to the Merger remained in their respective positions as officers of the Company. In addition, immediately after the Effective Time, the Company's board of directors appointed the following new officers of the Company: Matthew Greisler was appointed as the Company's Treasurer and Cherie Kummer was appointed as the Company's Vice President, Tax.