On December 17, 2015, Speed Commerce, Inc. announced that Dalton Edgecomb was appointed as its Interim Chief Executive Officer and Interim President, and Bruce Meier was appointed as its Interim Chief Financial Officer. Mr. Edgecomb is a principal of Winter Harbor, LLC and has more than 20 years of experience advising companies through cash management and cost reduction, capital structure refinancing, crisis management and business plan development for restructuring purposes. He has participated in more than 50 successful turnaround engagements in a variety of industries including food and agribusiness, retail, textiles, healthcare, engineering and construction, energy, transportation, and industrial manufacturing.

Since January 2012 Mr. Edgecomb has been a member and managing director of Winter Harbor, LLC. Mr. Meier is a professional of Winter Harbor, LLC and has more than 25 years of diversified business experience including more than 17 years of providing interim management and advisory services to companies, lenders, and investors in distressed situations. His primary areas of concentration include financial management and performance improvement, strategic planning, development and evaluation of business plans, as well as formulating debt restructuring plans and divesting of unprofitable and/or non-strategic operations and assets.

For the past one and one-half years Mr. Meier has been an employee of Winter Harbor, LLC. Prior to Winter Harbor, LLC, Mr. Meier worked for Alvarez and Marsal for 6 years as a senior director in the corporate restructuring group. On December 16, 2015, Richard S Willis resigned as a member of the Board of Directors of Speed Commerce, Inc. and as President and Chief Executive Officer of Speed Commerce, Inc., effective immediately.

Mr. Willis was not a member of committees of the Speed Commerce, Inc.'s Board of Directors. Mr. Willis has indicated that his decision to resign from the Board and from his positions as an officer of Speed Commerce, Inc. is not due to any disagreements with the Company on any matter relating to its operations, policies or practices. On December 16, 2015, Terry J. Tuttle resigned as Chief Financial Officer of Speed Commerce, Inc., effective immediately.

Mr. Tuttle has indicated that his decision to resign as an officer of Speed Commerce, Inc. is not due to any disagreements with the Company on any matter relating to its operations, policies or practices. On December 16, 2015, Matthew Konkle provided notice to Speed Commerce, Inc. of his resignation as Chief Operating Officer of Speed Commerce, Inc., his resignation is effective December 31, 2015. Mr. Konkle has indicated that he is resigning from his position with Speed Commerce, Inc. in order to pursue other career opportunities.