On February 19, 2018, the Board of Directors of Liberty Tax, Inc. appointed Nicole Ossenfort, age 47, as President and Chief Executive Officer of the Company. Ms. Ossenfort replaces Edward L Brunot, whose employment was terminated by the Board on February 19, 2018. In connection with her appointment as President and Chief Executive Officer of the Company, Ms. Ossenfort resigned as a director of the Company at the request of the Board.

Ms. Ossenfort was elected to the Board by John T. Hewitt, the Chairman of the Board, in November 2017. The vacancy created by Ms. Ossenfort's resignation was filled by G. William Minner, Jr., whose appointment by Mr. Hewitt was effective immediately. Ossenfort previously served as Vice President of the Company's 360 Accounting Solutions business from April 2017 to October 2017.

Ms. Ossenfort also has been a franchisee of Liberty Tax Service since 2002 with offices in South Dakota and Wyoming and was an Area Developer from 2004 to September 2017. On February 19, 2018, the Board appointed Shaun York, age 36, as Chief Operating Officer of the Company, effective immediately. Mr. York has been involved with Liberty Tax Service since 2003 when he started working with the Central Florida Area Developers.

He joined Liberty Tax as a franchisee in October of 2003. Currently he owns multiple franchise stores in the Tampa, Florida area. Over the last ten years, Mr. York has been an Area Developer in Tampa, Polk County and Brevard County in Florida and in Birmingham, Alabama (the latter of which was sold in 2016).

Over the past five years, Mr. York has periodically worked as a consultant for Liberty Tax Service, serving in various operations roles. On February 19, 2018, the Board appointed Ryan Dodson, age 45, as Chief Strategy Officer of the Company, effective immediately. Mr. Dodson currently is an Area Developer with development rights for three areas in North Carolina and Tennessee.

Mr. Dodson also served as a Regional Director of the Company from 2007 until 2010 and as a Field Consultant from 2004 to 2007. Mr. Dodson has been a franchisee of the Company since 2003. Prior to becoming a Company franchisee, Mr. Dodson was employed by Arthur Anderson and Deloitte in their tax consulting divisions.

On February 19, 2018, John T. Hewitt, the Chairman of the Board and the sole holder of the Company's Class B Common Stock, elected G. William Minner, Jr., to the Board effective immediately. The appointment of Mr. Minner by Mr. Hewitt was to fill the vacancy resulting from the resignation of Nicole Ossenfort as a director at the request of the Board upon her election as Chairman and Chief Executive Officer of the Company. The Certificate of Incorporation of the Company permits Mr. Hewitt, as the sole owner of all of the Class B Common Stock, to elect a majority of the members of the Board.

he Board appointed Mr. Minner to serve as a member of each of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board, and designated him as Chairman of the Audit Committee and Compensation Committee, effective immediately. Mr. Minner, a Certified Public Accountant, has substantial experience in the financial services industry and has served as a consultant to various companies since April 1996. From June 1991 to December 1995, Mr. Minner served as Chairman, President and Chief Executive Officer of Suburban Federal Savings Bank in Collingdale Pennsylvania.

On February 19, 2018, the Company terminated the Independent Contractor Consulting Agreement (the "Consulting Agreement"), dated December 12, 2017, with Kathleen E. Donovan, the Company's former Vice President and Chief Financial Officer. The Consulting Agreement engaged Ms. Donovan to provide consulting services to the Company's subsidiary, JTH Tax, Inc., on operational and financial matters at the direction of the Chief Financial Officer of the Company. The Consulting Agreement provided for its termination at any time, for any reason, upon written notice to Ms. Donovan.

On February 23, 2018, Vanessa M. Szajnoga, Vice President and General Counsel of the Company, and Richard G. Artese, Vice President and Chief Information Officer of the Company, each provided the Company with a notice of resignation, effective immediately.