Steel Connect, Inc. on July 28, 2023, Maria U. Molland notified the Board of Directors of the Company that she does not plan to stand for reelection at the upcoming annual meeting of stockholders of the Company. Ms. Molland?s decision was not related to any disagreement with the Company on any matter relating to its operations, policies or practices. The Board thanks Ms. Molland for her contributions.

The Board plans to nominate Joseph Martin to succeed Ms. Molland upon his election at the Annual Meeting. Mr. Martin, age 46, will begin service as a Director of the Company immediately after the Annual Meeting. Mr. Martin has been Chief Administrative Officer and Chief Legal Officer of Steel Partners Holdings, L.P. since June 2023.

He previously served as the General Counsel and Corporate Secretary of Clover Health Investments Corp. from March 2022 until June 2023 where he oversaw the legal, compliance, business development and cyber security functions. From August 2020 to March 2022, Mr. Martin served as General Counsel of Steel Holdings and General Counsel and Chief Compliance Officer of the Company, where, in each case, he oversaw the legal and compliance functions.

Mr. Martin also held several legal and compliance-focused positions at Louisiana-Pacific Corporation from September 2018 to August 2019, including Interim General Counsel and Secretary from May 2019 to August 2019, and General Counsel for the OSB and EWP division from September 2018 to May 2019. From July 2009 to September 2018, Mr. Martin held several positions at Georgia-Pacific LLC, including Assistant General Counsel and Assistant Secretary. Mr. Martin holds a B.A. in Economics and History from the University of California, Berkeley, and a J.D. from Harvard Law School.