On June 18, 2018, Liberty Tax, Inc. announced the appointment of Michael S. Piper, age 55, as Chief Financial Officer of the Company, effective June 15, 2018. Since January 2018 and prior to rejoining the Company, Mr. Piper served as Chief Financial Officer of CDYNE Corporation and as a Consultant from October 2017 through December 2017. Additionally, former Chief Financial Officer of the Company Mark Baumgartner will return to the Company to serve as an outside strategic advisor and consultant.

Baumgartner is well-respected across the industry and by the Liberty Tax franchise base. He spent more than 10 years with Liberty Tax as the Company's Chief Financial Officer before retiring in 2014. He currently serves as Audit Committee Chairman of the privately held Business Financial Services, Inc. The appointments of Piper and Baumgartner reflect Liberty Tax's strategy to build a winning corporate structure that integrates the knowledge and experience of franchisees with the talent and expertise of corporate executives.