On March 20, 2020, the Board of Directors of Francesca's Holdings Corporation appointed Ms. Susan P. McGalla as a Class II independent director, effective March 20, 2020, to serve until the Company's 2022 annual meeting of stockholders and until her successor is duly elected and qualified. The Board also appointed Ms. McGalla to serve as a member of the Board's Audit Committee.

On March 20, 2020, the Company announced it has temporarily closed substantially all of its stores effective March 20, 2020. The remainder of its stores will remain open, subject to monitoring of the rapidly developing COVID-19 situation, with limited hours of operation.