On March 31, 2020, Brian J. Sisko, the President and Chief Executive Officer of the Safeguard Scientifics, Inc., stepped down as CEO of the company, effective April 1, 2020. On March 31, 2020, Robert J. Rosenthal, Ph.D., the Chairman of the company's Board of Directors (the “ Board”), was appointed as the company's Executive Chairman and Principal Executive Officer, effective April 1, 2020. Dr. Rosenthal has served as Chairman of the company's Board since 2016 and has been a member of the Company's Board since 2007.

Dr. Rosenthal has been the Chairman of the Board of Directors of Taconic Biosciences, Inc., since 2019, and was Chief Executive Officer and a Director of Taconic from 2014 to 2018.