On December 1, 2015, David J. Anderson resigned as a member of the board of directors of Fifth Street Asset Management Inc. and the Board's Nominating and Corporate Governance Committee. Mr. Anderson's resignation was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices. On December 2, 2015, Mark J. Gordon resigned as a member of the Board and the Board's Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee.

Mr. Gordon's resignation was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices.