On February 11, 2019, the Board of CCUR Holdings, Inc. appointed Wayne Barr, Jr. as the company's Chief Executive Officer and President with such appointment to be effective March 1, 2019. Mr. Barr will continue to serve as Executive Chairman of the Board during his term as CEO and President of the company. Since February 13, 2018, Mr. Barr has served as interim CEO and President of the company.

The consulting agreement for Mr. Barr's interim service will terminate effective February 28, 2019. Mr. Barr has extensive experience in the telecommunications, technology, and real estate sectors and a range of experience serving as an executive and director in such sectors. Mr. Barr has served as Chairman of the Board since July 2017.

Mr. Barr was Managing Director of Alliance Group of NC, LLC, a full service real estate firm in North Carolina, from May 2012 to September 2018.