As previously disclosed in the Current Report on Form 8-K filed by Marlin Services Business Corp. with the United States Securities and Exchange Commission on August 1, 2019, Edward R. Dietz stepped down from his position as the company’s Senior Vice President, General Counsel and Corporate Secretary effective December 31, 2019. Mr. Dietz entered into a separation and general release agreement that describes the benefits to which he will be entitled in connection with his departure, which include payment of his target annual incentive bonus for the Company’s 2019 fiscal year under the Company’s Management Cash Incentive Plan. The separation and general release agreement subjects Mr. Dietz to a twelve (12) month restrictive covenant containing non-solicit provisions. As previously announced on October 31, 2019 in the company’s third quarter 2019 earnings release, effective January 1, 2020, Ryan Melcher, formerly Senior Vice President and Deputy General Counsel of the Company since November 1, 2019, was appointed Senior Vice President, General Counsel and Corporate Secretary of the Company. Mr. Melcher previously spent over five years at PHH Corporation, where he most recently served as Vice President, Deputy General Counsel and Corporate Secretary. Prior to joining PHH in 2013, Mr. Melcher spent nearly a decade practicing law at the law firm of Lowenstein Sandler LLP. Mr. Melcher is eligible to participate in the Marlin Business Services Corp. 2019 Equity Compensation Plan, pursuant to which he may in the future be granted certain long-term incentive compensation awards, as well as the Company’s Management Cash Incentive Plan, pursuant to which Mr. Melcher has been granted, and may in the future be granted, certain annual cash incentive awards. Mr. Melcher is a Tier II participant in the Company’s Severance Pay Plan for Senior Management whereby Mr. Melcher will be eligible to receive benefits in the event of certain involuntary termination circumstances, subject to the terms and conditions described in the plan. Mr. Melcher is also eligible to participate in the Company’s benefits programs, subject to the terms and conditions of each program, and as described in the plan documents and summary plan descriptions.