On July 30, 2020, Mr. Richard B. Hancock notified the Board of Directors of Avid Bioservices, Inc. that he was resigning as the Company’s interim President as of the close of business on July 31, 2020. Mr. Hancock is succeeded by Mr. Nicholas S. Green, whose appointment by the Board was previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 25, 2020 (the “Prior Current Report”). Mr. Hancock will continue to serve as a member of the Board.