Max Shevitz, the President of Learning Tree International Inc. notified the Board of Directors of his intention to retire from his current position with the company. Effective February 1, 2016, Mr. Shevitz will continuing to serve as President on a reduced schedule until the Company has identified a new candidate as his replacement. As such, no termination date has been set for Mr. Shevitz at this time.

It is currently anticipated that Mr. Shevitz would continue to serve the Company in an advisor capacity after his replacement has been hired, however, no terms have been agreed upon with respect to Mr. Shevitz's future advisory role. Gregory L. Adams, the current Chief Operating Officer of the Company, has been named to a newly created officer position of Chief Strategy Officer ("CSO") of the Company, effective February 1, 2016. As a result, Mr. Adams' title will change from COO to CSO.

Other than a change in his title and responsibilities, no other changes to Mr. Adams' employment agreement with the Company are anticipated at this time.