MasterBrand, Inc. announced on December 9, 2022, Robert C. Crisci was appointed to the board of directors and as a member of the board's audit committee. On December 14, 2022, Nicholas I. Fink and Patrick D. Hallinan, who served as interim members of the Board prior to the Distribution, resigned, and each of the following persons were elected to the Board. As of the date hereof, the full Board is comprised of the persons whose names are set forth in the table below.

David D. Petratis serves as non-executive chairman of the board of directors. Each director will hold office until the annual meeting of the stockholders of the company at which the applicable term of such director's class ends, and until his or her successor shall have been duly elected and qualified or until his or her earlier death, resignation or removal. Effective as of December 14, 2022, the board designated R. David Banyard, Jr. and Ann Fritz Hackett as Class I directors, whose terms expire at the first annual meeting of stockholders following the Distribution, which the Company expects to hold in 2023; David D. Petratis and Juliana L. Chugg as Class II directors, whose terms expire at the following year's annual meeting of stockholders, which the company expects to hold in 2024; and Jeffery S. Perry and Robert C. Crisci as Class III directors, whose terms expire at the following year's annual meeting of stockholders, which the company expects to hold in 2025.

The company's Board of Directors will transition to an annually elected board through a phase-out so that beginning with the company's 2030 annual meeting all directors will be elected annually and the company's board of directors will therefore no longer be divided into three classes. In connection and concurrently with their appointment to the Board, certain directors of the Company were appointed to the Audit, Compensation, and Nominating, Environmental, Social and Governance Committees of the Board (together, the Committees). Following such appointments, the current composition of each of the Committees is as follows: David D. Petratis and Juliana L. Chugg were appointed to the Audit Committee, with Robert C. Crisci, who was appointed to the Audit Committee on December9, 2022, serving as Chair of the Audit Committee; the Compensation Committee consists of Ann Fritz Hackett, Juliana L. Chugg and Jeffery S. Perry, with Ms.Fritz Hackett serving as Chair of the Compensation Committee; and the Nominating, Environmental, Social and Governance Committee consists of Jeffery S. Perry, Ann Fritz Hackett and Robert C. Crisci, with Mr.Perry serving as Chair of the Nominating, Environmental, Social and Governance Committee.