On March 28, 2017, the Board of Directors of Newtek Business Services Corp. accepted the resignation of Sam Kirschner from his position as a member of the Board, effective immediately, and appointed Gregory L. Zink to serve the balance of Mr. Kirschner's term, effective as of that same date. Mr. Kirschner's decision to resign from the Board was not due to any dispute or disagreement with the company on any matter relating to the company's operations, policies or practices. Mr. Zink will serve on the Board from March 28, 2017 until the date of the 2019 annual meeting of stockholders of the company. Mr. Zink was also appointed to serve on the Audit and Compensation, Corporate Governance and Nominating committees of the Board. Mr. Zink was formerly employed by Touche Ross/Deloitte Consulting and AT&T.