On March 5, 2020, Eugene I. Davis and Robert L. Zorich, both current members of the Board of Directors of Montage Resources Corporation each notified the Board that he will not stand for re-election as a director of the company at the end of his current term, which will expire at the company's 2020 Annual Meeting of Stockholders. Mr. Davis and Mr. Zorich each advised the Board that his decision not to stand for re-election was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices. It is anticipated that the Board will act to formally reduce the number of directors from nine to seven effective as of the date of the company's 2020 Annual Meeting of Stockholders, which is anticipated to be held in June 2020.