On July 21, 2020, the board of directors of Knoll, Inc. voted to increase the size of the Board from nine members to ten members in order to elect an individual designated by the Buyer for a term expiring at the third annual meeting of the Company's stockholders following the Closing Date. The Board appointed Roberto Ardagna, the individual designated by the Buyer under the terms of the Investment Agreement, to fill the newly-created vacancy on the Board. Mr. Ardagna will serve as a Class I director until the Company's Annual Meeting of Stockholder to be held during 2023. Mr. Ardagna is currently a Senior Principal at Investindustrial Services Limited.