On January 5, 2022 (the Separation Date), Joseph Sherk left his position as Senior Vice President and Chief Accounting Officer of Steel Connect, Inc. (the Company). Mr. Sherk will remain employed in an advisory role to assist with the transition. Effective upon the Separation Date, the Board of Directors of the Company appointed Mr. Gary W. Tankard to serve as Chief Accounting Officer of the Company.

Mr. Tankard has served as Controller of the Company since January 2020 and as Controller of the Company's affiliate, Steel Partner Holdings, L.P. (Steel Holdings), since September 2020. Prior to joining the Company, Mr. Tankard most recently served as Assistant Controller at L3 Technologies, Inc. from August 2016 to December 2019.