MGIC Investment Corporation announced that, in accordance with Section I(E)(1) of the company's corporate governance guidelines, Kenneth M. Jastrow II will not stand for reelection at the company's 2021 annual shareholder meeting. In order to provide for an appropriate transition of leadership responsibilities, Mr. Jastrow has stepped down as the company's Lead Independent Director and as Chairman of the company's Management Development, Nominating & Governance committee. Mr. Jastrow continues to serve on the Board through his remaining term, scheduled to expire at the company's 2021 annual meeting of shareholders. As a result of the foregoing, the Board of Directors has appointed Michael E. Lehman as its Lead Independent Director. In addition, the committees of the Board of Directors have been reconstituted as follows: Executive Committee: Timothy J. Mattke (Chairman), Curt S. Culver and Michael E. Lehman. Audit Committee: Gary A. Poliner (Chairman), Daniel A. Arrigoni, Jay C. Hartzell, Timothy A. Holt, Michael E. Lehman, Melissa B. Lora and Sheryl L. Sculley. Management Development, Nominating and Governance Committee: Michael E. Lehman (Chairman), Timothy A. Holt, Jodeen A. Kozlak and Melissa B. Lora. Risk Management Committee: Mark M. Zandi (Chairman), Daniel A. Arrigoni, C. Edward Chaplin, Jay C. Hartzell and Gary A. Poliner. Securities Investment Committee: Timothy A. Holt (Chairman), C. Edward Chaplin, Jodeen A. Kozlak, Gary A. Poliner, and Sheryl L. Sculley.