On August 2, 2021 (the “ Closing Date”), Stagwell Inc. (the “ Company”) announced that it had consummated the previously announced combination of MDC Partners Inc. (“ MDC”) and certain subsidiaries of Stagwell Media LP (“ Stagwell Media”) pursuant to that certain Transaction Agreement, dated as of December 21, 2020, as amended on June 4, 2021 and July 8, 2021 (the “ Transaction Agreement”), by and among Stagwell, MDC, New MDC LLC (“ New MDC”) and Midas Merger Sub 1 LLC (“ Merger Sub”) (the transactions contemplated by the Transaction Agreement, the “ Transactions”). In connection with the Transactions and effective as of the Closing Date, Asha Daniere delivered an executed letter resigning as a member of the Board of Directors of the company effective as of the Closing Date. In connection with the Transactions and effective as of the Closing Date, as previously disclosed, the Board is comprised of eight directors, who are Mark Penn, Ambassador Charlene Barshefsky, Brad Gross, Secretary Rodney Slater, Brandt Vaughn, Wade Oosterman, Desiree Rogers, and Irwin D. Simon. The composition of the standing committees of the Board, as of the Closing Date, are as follows: (i) the audit committee is comprised of Wade Oosterman, Ambassador Charlene Barshefsky and Irwin Simon, with Mr. Oosterman as the chair, (ii) the human resources and compensation committee is comprised of Desiree Rogers, Irwin Simon and Bradley Gross, with Ms. Rogers as the chair and (iii) the nominating and corporate governance committee is comprised of Irwin Simon, Ambassador Charlene Barshefsky and Desiree Rogers, with Mr. Simon as the chair. In connection with the Transactions and effective as of the Closing Date, Jay Leveton, a Partner of Stagwell, became the President of the Company and Ryan Greene, the Chief Financial Officer of Stagwell, became the Chief Operating Officer of the Company.
Stagwell Inc. is a digital-first global marketing network. Its primary capabilities include digital transformation, performance media and data, consumer insights and strategy, and creativity and communications. Its Integrated Agencies Network segment consists of the Anomaly Alliance, Constellation, the Doner Partner Network, Code and Theory, and National Research Group. Its Brand Performance Network segment includes a unified media and data management structure with omnichannel media placement, creative media consulting, influencer, and business-to-business marketing capabilities. Its Communications Network segment includes a network that provides advocacy, strategic corporate communications, investor relations, public relations, online fundraising and other services to both corporations and political and advocacy organizations. It also specializes in offering cultural relevance, experiential, digital storytelling, branded content, multi-cultural marketing, and influencer integration.
STAGWELL INC. 
