On February 25, 2022, the Board of Directors (the ‘Board') of Latham Group, Inc. (the ‘Company') elected Dane Derbyshire to serve as a director of the Company, effective immediately. Mr. Derbyshire was appointed as a Class III director, with a term of office expiring at the Company's 2024 annual meeting of stockholders and as a member of the Nominating and Corporate Governance Committee. Mr. Derbyshire replaces Andrew Singer, who previously served as a member of the Board.

On February 25, 2022, Mr. Singer, notified the Board that he will resign effective immediately due to his resignation as an employee of Pamplona Capital Management. At the time of his resignation, Mr. Singer was a member of the Board's Compensation Committee. His decision to resign is not the result of any disagreement with management or the Board related to the Company's operations, policies, or practices.

Mr. Derbyshire is a principal at Pamplona Capital Management LLC (‘Pamplona'), having joined the firm in 2016. During his time at Pamplona, Mr. Derbyshire has served on the board of directors of several companies, including BakeMark, a manufacturer and distributor of bakery ingredients, Savista, a provider of healthcare revenue cycle management services, Veritext, a court reporting agency, and nThrive, a payment solutions provider for the healthcare industry.