Liberty Tax, Inc. announced that Nicole Ossenfort, President and Chief Executive Officer of the Company, has resigned from the Company effective in order to return to operating her Liberty Tax franchises in South Dakota. Brent Turner, who has served as a consultant to the Company since September 2018, has been appointed by the Board of Directors to serve as interim CEO effective immediately to facilitate an orderly transition. The Board expects that Mr. Turner will serve in an interim capacity through the conclusion of the Company's Board of Directors' review of strategic alternatives, including the previously announced unsolicited and non-binding proposal from Vintage Capital Management, LLC to explore a recapitalization transaction.