On March 23, 2020, the Board of Directors of 1347 Property Insurance Holdings, Inc. designated D. Kyle Cerminara, the Chairman of the Board, as the principal executive officer of the company for purposes of the Securities Exchange Act of 1934, as amended. This designation did not involve a change in Mr. Cerminara's title or duties, and he continues to serve as the Chairman of the company's Board. Mr. Cerminara also serves as the Chief Executive Officer, Co-Founder and Partner of Fundamental Global Investors, LLC, and the Chairman of the Board of Directors and Chief Executive Officer of Ballantyne Strong, Inc. Fundamental Global Investors, LLC, with its affiliates and Ballantyne Strong, Inc.