On April 24, 2019, Leslie Stretch advised the Board of Directors of QAD Inc. (“QAD”) that he does not intend to stand for reelection at its 2019 Annual Meeting of Stockholders. Mr. Stretch indicated that, due to increased workload from other commitments, he would be unable to serve an additional term on the board for QAD. Mr. Stretch is a member of the audit and governance committees for QAD’s board and will continue to fulfill all of his board responsibilities until his term expires on June 24, 2019.