Effective January 23, 2018, upon the closing of the initial public offering of the Americold Realty Trust, Ronald Burkle, Christopher Crampton, Richard d’Abo, Gregory Mays and Terrence J. Wallock resigned from the Board of Trustees of the company. In addition, effective January 23, 2018, James R. Heistand, Michelle M. MacKay, Mark R. Patterson and Andrew P. Power were appointed to the Board of Trustees of the company, thereby joining Fred Boehler, George J. Alburger, Jeffrey M. Gault, Bradley J. Gross and Joel A. Holsinger. Finally, the size of the company’s Board of Trustees was reduced from ten to nine members effective January 23, 2018. Messrs. Alburger, Heistand and Power serve as members of the Audit Committee of the Board of Trustees. Ms. MacKay and Messrs. Heistand and Power serve as members of the Compensation Committee of the Board of Trustees. Messrs. Heistand and Patterson and Ms. MacKay serve as members of the Nominating and Corporate Governance Committee of the Board of Trustees.