On July 17, 2020, the Board of Directors of ALJ Regional Holdings, Inc. appointed Julie Cavanna-Jerbic to serve as a director on the Board, effective immediately, until the Company's 2021 Annual Meeting of Stockholders, or until her successor is elected and qualified or her earlier resignation, removal from office, death or incapacity. Ms. Cavanna-Jerbic will serve as a member of the Company's Audit Committee and Compensation, Nominating and Corporate Governance Committee. Ms. Cavanna-Jerbic is currently the principal and founder of Iron Butterfly LLC. Since November 2012, Ms. Cavanna-Jerbic has served on the Supervisory (Audit) Committee of First Tech Federal Credit Union, and since August 2012, Ms. Cavanna-Jerbic has served as a member of the Board of Trustees, Morrissey Compton Educational Center.