On August 29, 2018, Paul M. Aguggia notified Kearny Financial Corp. of his resignation from the company's Board of Directors to pursue a career opportunity within the legal field. The resignation will be effective immediately prior to the commencement of the 2018 Annual Meeting on October 25, 2018. Mr. Aguggia has indicated that his resignation was not in connection with any disagreement with the Company. The Company will reduce the size of its Board of Directors from 14 to 13 members effective with Mr. Aguggia's resignation.