Trean Insurance Group, Inc., with the Securities and Exchange Commission on December 16, 2022, the company entered into an Agreement and Plan of Merger (the Merger Agreement"), dated as of December 15, 2022, by and among the company, Treadstone Parent Inc., a Delaware corporation (Parent), and Treadstone Merger Sub Inc., a Delaware corporation (Merger Sub"), providing for the acquisition of the Company by affiliates of Altaris, LLC, a Delaware limited liability company (Altaris"), subject to the terms and conditions set forth therein. Pursuant to the terms of the Merger Agreement, Mary A. Chaput, Philip I. Smith, Randall D. Jones and Terry P. Mayotte ceased serving as members of the Company's board of directors and each committee thereof. Following the consummation of the Merger, Nicholas Fulco was appointed as a member of the Company's board of directors until the earlier of his death, resignation or removal or until his respective successor is duly elected and qualified, and Andrew M. O'Brien, Daniel G. Tully, Julie A. Baron and Steven B. Lee remained members of the company's board of directors.