Liberty Tax, Inc. announced that Ross Longfield submitted his resignation from the Board of Directors of the company, effective March 21, 2018. Mr. Longfield currently serves as chair of the Nominating and Corporate Governance and Risk Committees of the company. Mr. Longfield indicated that his decision to resign was a result of his continued concerns regarding tone at the top as previously noted by the company's former independent public accounting firm, KPMG, LLP and the results of the Board meeting held on February 19, 2018 where Mr. Hewitt, in his role as Chairman of the Board and sole Class B shareholder, proposed and had passed by the majority Class B board members the following actions: (i) termination of the employment of certain management of the company, including the termination of Edward L. Brunot as President and Chief Executive Officer and Kathleen Donovan as a short-term consultant, (ii) appointment of Nicole Ossenfort, a Class B director, as President and Chief Executive Officer of the company, (iii) appointment of two individuals to serve in other company executive management positions, (iv) replacement of the company's law firm Skadden Arps, Slate, Meagher & Flom LLP, (v) appointment of the law firm of Williams Mullen to serve as the company's Corporate General Counsel, (vi) termination of the board approved process which had previously engaged a board recruitment search firm hired by the company to assist with recruitment efforts to fill the Class A director vacancies on the Board and (vii) in place of the nominating process, submission by Mr. Hewitt of candidates for consideration to fill the three Class A director vacancies.