On October 8, 2020, in connection with the IPO, Scott Kelly was appointed to the board of directors of the Landcadia Holdings III Inc. Mr. Kelly is an independent director. Effective October 8, 2020, Mr. Kelly, Richard Handler and Tilman J. Fertitta were appointed to the Board’s Compensation Committee, with Mr. Kelly serving as chair of the Compensation Committee; and Messrs. Fertitta, Handler and Kelly were appointed to the Board’s Audit Committee, with Mr. Fertitta serving as chair of the Audit Committee. Following the appointment of Mr. Kelly, the Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consists of Mr. Kelly and will expire at the Company’s first annual meeting of stockholders; the term of office of the second class of directors, Class II, consists of Mr. Handler and will expire at the Company’s second annual meeting of stockholders; and the term of office of the third class of directors, Class III, consists of Mr. Fertitta and will expire at the Company’s third annual meeting of stockholders.