Capital Financial Holdings, Inc. appointed Charlene Fowler as Chief Financial Officer and Secretary effective November 15, 2018 to replace Nicole Bertsch who was acting as Interim Chief Financial Officer and Interim Secretary. The replacement of Ms. Bertsch with Ms. Fowler is not related to any known disagreement with the Company on any matters relating to its operations, policies or practices. Ms. Fowler has been employed as the Corporate Accountant for the Company since March 2018 and was previously the Corporate Accountant and HR Analyst for the Company from 2010 through 2012.

From 2013 to 2018, Ms. Fowler was employed with unaffiliated entities as an Accounting Assistant and Compliance Program Analyst. Ms. Fowler attended Minot State University, Minot, North Dakota, and Rasmussen College, Bismarck, North Dakota.