On April 26, 2021, following the annual meeting of stockholders, the Board of Directors of Seaboard Corporation appointed Frances B. Shifman as a new director of the Board, effective immediately. Ms. Shifman's appointment fills the vacancy resulting from Edward I. Shifman Jr.'s decision to not stand for re-election at the Company's 2021 annual meeting. The Board has also determined to appoint Ms. Shifman to the Audit Committee of the Board at the time of her appointment. Prior to serving on the Board, Ms. Shifman worked for more than 25 years in various real estate development business endeavors and served on the boards of directors of various non-profit organizations.